"[65] The company acknowledged it has "facilitated the quiet transfer of concert tickets directly into the hands of resellers through the years, though only at the request of the artists involved. [15] Also in January, Ticketmaster acquired the UK-based secondary ticket marketplace, Getmein.com. Annual return made up to 13 November 2015 with full list of shareholders Statement of capital on 2015-11-23 [43][44], As of 2016, ticket resale was Ticketmaster's fastest growing business. [111], For the Eurovision Song Contest 2023 in Liverpool in May 2023, the European Broadcasting Union (EBU) and the host broadcaster BBC partnered with Ticketmaster. Daniel is leading the development of SignHouse's product, as well as strategising how else the company can reach its main mission: empowering 100M+to use the world's most efficient document organisational tools. Risk Factors" of the company's most recent Annual Report filed on Form . SME's reported revenue rose by nearly 24% to 1.38 trillion yen ($10.16 billion) and operating income rose nearly 25% to 263 billion yen ($1.94 billion) for the fiscal year 2022, making it the . vividseats.com Market Share, Revenue and Traffic Analytics - SimilarWeb The firm said much of its growth came through reduced customer acquisition costs across both primary and secondary ticketing and from increased secondary ticketing volume, notably the NFL and other sporting events. 2021. widespread criticism of the company's handling, Office of the Federal Prosecutor for the Consumer, Coronation Concert of Charles III and Camilla, "Live Nation reports revenue growth in 2019 to $11.5bn", "Live Nation, Ticketmaster merge; agree to U.S. terms", "Rival to Ticketron: Ticketmaster Emerging as Force in L.A.", "MICROSOFT CO-FOUNDER PAUL ALLEN BUYS CONTROL OF TICKETMASTER", "Ticketmaster Buys TicketWeb In Bid to Diversify Offerings", "TECHNOLOGY; USA Interactive Is Acquiring LendingTree in Stock Deal", "Ticketmaster moves into UK concert resales", "Ticketmaster Acquires Majority of Front Line Management", Live Nation and Ticketmaster Agree to Merge, "Justice Dept. //Media - Ticketmaster After extensive research and analysis, Zippia's data science team found the following key financial metrics. Of this revenue generated in 2022, over 2.2 billion U.S. dollars came from ticketing revenue and close to 13.5 billion U.S. dollars was generated through concerts. The cookies is used to store the user consent for the cookies in the category "Necessary". Furthermore, by doing so, event directors, organizers are generating bigger audience and huge revenue. It does not store any personal data. [66][67][68][69][70][71][72][excessive citations], A class action lawsuit was filed against Ticketmaster in 2003, alleging that it did not fully disclose UPS and order processing fees added to tickets sold online. Ticketmaster is available on Google Chrome (download latest), Microsoft Edge (download latest), and Mozilla Firefox. 9% of Ticketmaster employees are Black or African American. [5] Under Rosen, the company moved into publishing and set up a travel agency and acquired rival Ticketron in 1991, making it the market leader. Anonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services. Or choose from the following popular destinations. Ticketmaster is a company selling tickets to various events all round the world. Copyright 2023 Xperiology. No purchase commitment. Fans that either failed to verify their vaccination status or tested positive would be denied access to the event. Find top employees, contact details and business statistics at RocketReach. Ticketmaster Nederland is an Entertainment company located in The Hague, South Holland with $5.00 Million in revenue and 36 employees. [23], In May 2013, Ticketmaster agreed to pay up to $23 million for enrolling customers into a rewards program that charged $9 per month. Contact Who is Ticketmaster Headquarters 9348 Civic Center Dr, Beverly Hills, California, 90210, United States Phone Number (310) 867-7000 Website www.ticketmaster.com Revenue $2.4B Industry Retail General Retail Ticketmaster's Social Media Is this data correct? Several companies have started using the Internet for cutting marketing costs to stay ahead in a highly competitive market. On Ticketmaster.com, desktops drive 18.6% of visits, while 81.4% of visitors come from mobile devices. Operating Free Cash Flow Up 3.9x to $1.8 Billion, Adjusted Free Cash Flow Up 94% to $967 Million, Converting 69% of AOI. Supplemental Operational and Financial Information. Ticketmaster has acquired 17 organizations. Prominent services providers are increasingly developing user-friendly apps for Android and iOS to facilitate hassle-free ticket purchases. The company has also faced scrutiny from the United States Department of Justice for retaliation against venues violating its 2010 10-year consent decree from the Live Nation merger, which has been extended an additional five years from 2020 through 2025. [34], The face value of Ticketmaster tickets is determined by the artist or client. Global Online Event Ticketing Market Size Report, 2025. Wimbledon raises ticket prices for 2023 championships, See Tickets, Vivendi suffer reported data breach, Exit Festival links up with NFT-TiX as part of multi-year collaboration, Ticketmaster faces class action lawsuit over Drake tickets, Rammstein obtains restraining order against Viagogo, Ziggo Dome extends NFT ticketing plans with GUTS Tickets, President Biden calls for limits on concert and sporting ticket fees, US groups form Break Up Ticketmaster coalition, Lyte to acquire Event Genius assets as parent company Festicket set to fall into administration, Silver Lake looking into TEG exit options report, OVG to submit plans for UKs biggest arena, ICC Womens T20 World Cup opens with a bang, Fortuna calls on sponsors to support free fan entry to all home games, Tottenham players to refund fans after Newcastle thrashing, SeatGeek files confidential IPO paperwork, Festival attendees file Live Nation lawsuit following crowd surge, Haunted houses producing magic sales figures, Englands rugby league team partners Sportsbreaks, Ticketmaster Sport rolls out away ticketing digital solution, Electric Group renews with TM as Newcastle NX opens, Womens Rugby World Cup opens with Eden Park sell-out, Scottish Rugby embraces digital ticketing service with Tixserve, Backstage: Ed Sheeran, Depeche Mode and more. [9][7], In 1998, USA Networks Inc., later named InterActiveCorp (IAC), purchased a majority stake in Ticketmaster. Rigorous promotion and advertising activities undertaken by online ticketing services play a pivotal role in increasing the sale of tickets through their channels. Ticketmaster covers numerous events in various industries. The rapid adoption of smartphones and tablets in countries such as Qatar, Turkey, and UAE is anticipated to drive market growth. Rapino added: The strength of our business is continuing in 2020, with concert tickets sold through mid-February for 2020 shows up 10% to 38 million, and a pipeline of 4,700 confirmed arena, stadium and amphitheatre shows, up 30% from the same time last year. In the U.S., for instance, Fandango, Movietickets.com, and Atom vie to secure the largest customer base by establishing tie-ups with leading cinema halls and offering attractive discounts to customers. $3.2 Billion in Event-Related Deferred Revenue, Up 2x (vs Q2 2019) Fan Attendance at Operated Venues Grew 13% (vs Q2 2019) to Over 14 Million, with Almost 30 New Venues in Pipeline . "[90] Following investigations initiated by the Tennessee Attorney General[91] and the North Carolina Attorney General on the grounds of consumer rights violations,[92] the federal Department of Justice began an investigation into Live Nation Entertainment and Ticketmaster on November 18. [7] By 1985 the company had operations in the U.S., Canada and Europe. 1.12 million customers were eligible to claim up to a $30 refund. Ticketmaster Help, "How are ticket prices and fees determined?". 6. Explore purchase options. The consent decree is extended through 2025 and is required to enforce its own compliance with the decree with a penalty of $1 million for any future violations. //]]>. Software developers are coming up with user-friendly interfaces and frequent updates to enhance user experience. [132] Ticketmaster has also partnered with the United States Tennis Association,[133] Tennis Canada,[134] and the PGA Tour.[135]. As of April 2018, the Department of Justice had not released comments on its investigation. Ticketmaster Overview | SignalHire Company Profile In order to ensure business continuity amidst the COVID-19 crisis, business organizations, especially in highly affected countries are allowing their employees to work from home. 100%-off invitations to access paid products for $0, value-packed emails + more. The platform charges a fee on tickets purchased and resold on the platform. Let's now look at the key data about Ticketmaster Entertainment! Free report customization (equivalent to up to 8 analyst working days) with purchase. Ticketmaster Revenue: Annual, Quarterly, and Historic - Zippia Furthermore, it includes linked bank account which provide cashless transactions. According to TICKETMASTER SPORT LIMITED latest financial report submitted on 2020-12-31, the company has a Turnover of 8M, Gross-Profit of 6M while the Cash is 9M. The U.S. is estimated to witness significant growth over the next few years due to the greater presence of the tech-savvy population in the country with growing disposable incomes. [106] He went on to release a live album, entitled All My Homies Hate Ticketmaster. [122][128], Ticketmaster has been the ticketing provider for the National Football League (NFL), National Hockey League (NHL) and the National Basketball Association (NBA). Cloned and invalid tickets in Bad Bunny concert. Terms of Use. In a single month, Ticketmaster normally makes close to $1.4B in revenue. [85] In less than an hour of availability, the ticketing platform's servers were "unable to answer", with users "either completely logged out or in a queue 2,000-plus people strong that appeared frozen." The 2022 FIFA World Cup is scheduled to be staged in Qatar; this is likely to provide an impetus to service providers in the country. : Entertainment: A host of service fees, surcharges and taxes is riling concert-goers--and lawmakers", "Ticketmaster says pricey resale tickets protect consumers", "Bruce Springsteen 'furious' at Ticketmaster", "Bruce Springsteen "Furious" At Ticketmaster, Rails Against Live Nation Merger", "Live Nation Rules Music Ticketing, Some Say With Threats", "Ticketmaster agrees to pay up to $23 million to customers in lawsuit", "Why Is the Live-Event Ticket Market So Screwed Up? [99], On January 24, 2023, a three-hour hearing by the Senate judiciary committee,[100] titled "That's the Ticket: Promoting Competition and Protecting Consumers in Live Entertainment", to analyze "the long-simmering dissatisfaction over the 2010 consent decree governing the merger of Ticketmaster and Live Nation", was held at 10:00 am EST in the Hart Senate Office Building, Washington, D.C.[101] The hearing was telecast live. The majority of visitors are between the ages of 25 and 34. [87], Fans and customers online widely criticized Ticketmaster for a flawed ticketing model that obstructed them from purchasing tickets. This cookie is used to recognize the visitors using live chat at different times inorder to optimize the chat-box functionality. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. The first valuation was in 2009, at just under $1 billion. There are Ticketmaster locations in Stoke-On-Trent, Manchester, Glasgow, and London.Ticketmaster sells tickets to approximately 70,000 events annually. BookMyShow, a prominent player in India, reportedly carries out over 35,000 transactions in a day and sells over 95,000 tickets in the country. Then, there's Canada with a share of 5.28% of all tickets. They also offered refunds for the full cost of the tickets. Ticketmaster has 6,678 employees, and the revenue per employee ratio is $2,497,941. The online event ticketing market size was valued at USD54.26 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% during the forecast period. Live Nation Entertainment annual revenue for 2021 was $6.268B, a 236.8% increase from 2020. The increasing trend of using the Internet for bookings and reservations is expected to significantly bolster the market. Ticketmaster - Wikipedia Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. Venue owners, concert organizers, and event organizers across the globe are selling VIP packages. Key Ticketmaster user stats. All venue types have strong show count growth, led by North America stadium and arena concerts.. Ticketmaster may also be known as or be related to Ticketmaster, Ticketmaster Corporation, Ticketmaster Entertainment Inc and Ticketmaster Entertainment LLC. Analytical cookies are used to understand how visitors interact with the website. Irving Azoff, Ticketmaster CEO at the time, released an apology and stated that the TicketsNow link would no longer be shown for Springsteen's concerts. Sony Music Posts $10B in Annual Revenue as Profits Jump 25% 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. Yes, Ticketmaster UK can only help with queries for events taking place in England, Scotland and Wales. Ticketmaster - Funding, Financials, Valuation & Investors - CrunchBase The company went as high as $26 billion in 2021, as previously mentioned. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. The company stated that customers who bought tickets between February and June 2018 may have had data compromised. This goes for all countries in which the website is available. This cookie is set by GDPR Cookie Consent plugin. The introduction of RFID tags built in to wristbands allow customers for ticketless entry and cashless event purchases. Live Nation Entertainment Reports Second Quarter 2022 Results Financial Results :: Live Nation Entertainment (LYV) Event organizers across the globe are forming new ways to offer exclusive passes for catching attention of audiences growing appetite for customization. The online event ticketing market size was valued at USD 54.26 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% during the forecast period. The number of employees ranges from 5.0K to 10K. The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. New and enhanced programming alternatives is expected to expand the industrys customer base and increase patronage for exhibitors. Event-related deferred revenue was $3.5 billion as of March 31, 2022 compared to $1.5 billion as of March 31, 2021. The Ticketmaster systems are tested frequently and adhere to PCI-DSS rules. Key events covered under the scope of the online event ticketing market include movies, sports, music concerts, stand-up comedy shows, theater, dance, and opera shows. One thing we know is that Upfront Ventures is a major investor that funds Ticketmaster. The Ticketmaster Nederland annual revenue was $5 million in 2021. Get our 2-minute email updates that we send to 1,000s of people. Leading companies operating in the marketplace include Razorgato; StubHub; Ticketmaster; Tickpick; Fandango; AOL Inc.; Atom Tickets LLC; Fandango; Movietickets.com; Big Cinemas; Cinemark Holdings Inc.; BookMyShow.com; Vue Entertainment; Mtime; and Kyazoonga. Over 2 million tickets were sold on Ticketmaster for Taylor Swift's The Eras Tour, which was the most tickets ever sold for an artist in a single day. By continuing past this page, you agree to our terms of use. Ease associated with purchasing tickets through Internet-enabled smartphones and tablets has completely changed the dynamics of ticketing services. Customers can compare prices, service features, and after-sale service facilities, further boosting adoption. [83], On November 15, 2022, the first day of pre-sale of tickets to verified fans for the US leg of the Eras Tour (2023) by American singer-songwriter Taylor Swift,[84] Ticketmaster's official website crashed following "historically unprecedented demand with millions showing up", halting the pre-sale. [36][42], In 2013, the jam band The String Cheese Incident gave fans money to purchase 400 tickets to one of its shows in order to resell them on its own site with fewer fees. Alternative entertainment may include pre-recorded programs as well as live sports programs, concert events, the Metropolitan Opera, gaming events and other special presentations. This has elevated the demand for online ticketing in the country. Ticketmaster revenue is $16.7B annually. Ticketmaster.com receives 115.9 million monthly unique visitors on average. The overall process has become easy, reliable, quick, and safe. Ticketmaster Nederland: Contact Details and Business Profile 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 Their most recent acquisition was ThaiTicketMajor on Jul 21, 2022. Following the widespread criticism of the company's handling of the pre-sale of Taylor Swift's The Eras Tour in November 2022, the Department of Justice began a formal investigation into Live Nation Entertainment on the grounds of monopoly, antitrust law and consumer rights violations. Here's Who To Blame", "Live Nation calls for more aggressive ticket pricing from artists", "Ticketmaster announces major change which could see tickets prices soar", "Pearl Jam vs. Ticketmaster: Choosing Sides: Legal file: The pop music world is divided over the Seattle band's allegations, which led to a Justice Department investigation into possible anti-competitive practices in the ticket distribution industry", "U.S. Drops Ticketmaster Antitrust Probe: Entertainment: Abrupt closure of investigation lifts cloud of uncertainty over firm, catches others in industry off guard", "A Tangle Over Tickets: Ticketmaster, Target of Lawsuits, Says It Offers Broad Service", "COLUMN ONE: The Ticket King's Path to Power: As Pearl Jam just learned, Ticketmaster's Fred Rosen gets what he wants. Ch Daniel is the co-founder of SignHouse and chairman of the CHGroup.

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