Ticketmaster's peak quarterly revenue was $6.2B in 2022(q3). [45], In 2022, Ticketmaster was experimenting with a demand-based, dynamic pricing which would vary the ticket price based upon demand. North American . Ticketmaster covers numerous events in various industries. The average monthly active Ticketmaster users are 115,900,000. Overview Competitors Acquisitions News & Insights President Mark Yovich CEO Approval Rating 76/100 Weigh In 1976 Beverly Hills California Los Angeles Metropolitan Area Private Independent Company [5][6], In 1982, Fred Rosen was appointed CEO of Ticketmaster and moved the company to Los Angeles to be closer to the live entertainment industry. [21] The deal was cleared by the U.S. Justice Department in January 2010 under the condition that the company sell Paciolan to Comcast Spectacor or another firm, and license its software to Anschutz Entertainment Group (AEG), its biggest competitor. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. [94], In December, a group of Swift's fans, called "Swifties," filed a lawsuit against Ticketmaster and its parent company Live Nation, accusing them of fraud, anti-trust violations, and price-fixing. Ticketmaster may also be known as or be related to Ticketmaster, Ticketmaster Corporation, Ticketmaster Entertainment Inc and Ticketmaster Entertainment LLC. By clicking Accept, you consent to the use of ALL the cookies. The cookie is used to store the user consent for the cookies in the category "Other. You can change your cookie settings at any time. The cookie is used to store the user consent for the cookies in the category "Analytics". The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Free upgrade to enterprise license (allows to share across all company locations), 5. Many service providers offer loyalty programs to users to retain them for a longer period through their mobile platforms as well. Additionally, select-your-own-seat, print-at-home-tickets and view from seat are some of the enhanced feature offered by the suppliers to enhance customer experience and thus increase their market share. These tickets are equipped with barcodes or QR codes, which are scanned by attendants to ensure authenticity. [34], The face value of Ticketmaster tickets is determined by the artist or client. [102][103] Live Nation cited several letters of support within its testimony, including one from American country singer Garth Brooks. This is an essential cookie for the website live chat box to function properly. The report will account for Covid19 as a key market contributor. vividseats.com Market Share, Revenue and Traffic Analytics - SimilarWeb Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Something went wrong while submitting the form. //TICKETMASTER SPORT LIMITED - UK.GlobalDatabase.com [CDATA[ The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Ticketmaster is the official ticketing partner of the NHL, NFL, NBA, USTA, PGA Tours, a number of MLB and MLS teams, and artists and venues around the world. Live Nation reports revenue growth in 2019 to $11.5bn - TheTicketingBusiness News All the latest entertainment ticketing ecosystem news from around the globe and up-to-the-minute media coverage from all the leading voices in the ticketing business industry, all in one place - curated and edited by TheTicketingBusiness team at Xperiology. Discounted price for multiple reports across domains, 2. The audience of Ticketmaster.com is made up of 49.68% women and 50.32% men. Ticketmaster is funded by Upfront Ventures. Launched in 2013, TheTicketingBusinessNews is owned and delivered by Xperiology the UK-based events, publishing and marketing agency dedicated to sports, arts and entertainment. Financial Results :: Live Nation Entertainment (LYV) We also use third-party cookies that help us analyze and understand how you use this website. All rights reserved. Vendors are also focusing on providing combination deals to patrons. The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. [79], Ticketmaster and Live Nation has faced backlash for their dynamic pricing system and "platinum" tickets when tickets for Bruce Springsteen's and Blink-182's 2023 tours went on sale in July and October 2022 respectively, which saw fans of both acts criticize prices for random seats across the venue going for hundreds or thousands of dollars during pre-sales or right when tickets went on sale for the general public. You also have the option to opt-out of these cookies. Ease associated with purchasing tickets through Internet-enabled smartphones and tablets has completely changed the dynamics of ticketing services. [76], In December 2020, Ticketmaster "entered into a plea agreement with federal prosecutors" and agreed to pay a $10 million fine after being charged with illegally accessing computer systems of a competitor. Ticketmaster revenue is $16.7B annually. Sony Music Posts $10B in Annual Revenue as Profits Jump 25% By keeping a price cap in place, you're really just driving the [resale] business into the shadows. Anonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services. Digital projection combined with satellite delivery allows exhibitors to expand their product offerings, including the presentation of 3-D content and alternative entertainment. [16] And finally, in that same January, Ticketmaster acquired TicketsNow, a ticket reseller in the United States, for $265 million. Event-Related Deferred Revenue of $2.3 billionAlmost Double Year-End 2019 Confirmed Show Bookings and Ticket Sales Up Double-Digits Across Major Venues 45 Million Tickets Already Sold for 2022 Shows, with Pricing on Top 10 Tours Up Over 20% (vs 2019) Sponsorship Commitments Up Double-Digits Relative to 2019, Already Over 80% Sold For Year The increase in people working from home has led to a surge in demand for online video viewing, downloading, and communication through video conferencing, all of which are leading to increased network traffic and data usage. [125] Ticketmaster has partnered with musical acts such as Taylor Swift,[126] and the Trans-Siberian Orchestra,[127] and theatre productions such as Hamilton and Harry Potter and the Cursed Child. The acquisition is scheduled to complete in Q3 (subject to customary closing conditions being satisfied). [87], Fans and customers online widely criticized Ticketmaster for a flawed ticketing model that obstructed them from purchasing tickets.