By keeping a price cap in place, you're really just driving the [resale] business into the shadows. Working At Ticketmaster: Employee Reviews and Culture Copyright 2023 Grand View Research, Inc. All rights reserved. [120] Ticketmaster has been criticised and the email labeled "misleading". 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. Increased proliferation of the Internet and the growing trend of using mobile applications for booking movies, sports, and live event tickets online are expected to . Congressman Bill Pascrel, who had previously petitioned US Attorney General Merrick Garland in support of "strong antitrust enforcement by the Biden Administration" and criticized the merger of Ticketmaster and Live Nation, stated that he attempted to purchase tickets but was placed on the waitlist. She said that she was "not going to make excuses for anyone because we asked [Ticketmaster], multiple times, if they could handle this kind of demand and we were assured they could." Fans that either failed to verify their vaccination status or tested positive would be denied access to the event. Operating Free Cash Flow Up 3.9x to $1.8 Billion, Adjusted Free Cash Flow Up 94% to $967 Million, Converting 69% of AOI. The increasing trend of using the Internet for bookings and reservations is expected to significantly bolster the market. The ratio of male-female Ticketmaster users is almost perfectly balanced. Explore purchase options. The Event Tickets segment is expected to show a revenue . Ticketmaster employees are most likely to be members of the democratic party. Earnings Webcast. Oops! None of the information on this page has been provided or approved by Ticketmaster. Ticketmaster is a company selling tickets to various events all round the world. vividseats.com Market Share, Revenue and Traffic Analytics - SimilarWeb Copyright 2023 Xperiology. [75], In June 2019, Canada's Competition Bureau fined Ticketmaster $4.5 million dollars ($3.44 million US dollars) as part of a settlement after it was discovered that Ticketmaster "topped advertised costs by more than 20% -- and sometimes as much as 65%." Live Nation Entertainment (NYSE: LYV) is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Sponsorship. We also use third-party cookies that help us analyze and understand how you use this website. Ticketmaster.com's four pages are typically seen by visitors during each visit. Hey! 1. The rapid growth of Internet users across the globe has provided bright prospects for e-marketers. Ticketmaster - Funding, Financials, Valuation & Investors - CrunchBase 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. Electronic signature software built specifically for you. Live Nation Entertainment Revenue 2010-2022 | LYV | MacroTrends Please fill out the form below for a free PDF report sample & You also have the option to opt-out of these cookies. [41], Fee amounts vary between events and are dependent on the venue, available delivery methods, and preferences of the artist. [55][56] In 2018, the United States Department of Justice began reviewing complaints by AEG that claimed the company had engaged in anti-competitive practices. Use this image Source: Zippia, Economic Liberties Ticketmaster Market Capitalization This cookie is set by GDPR Cookie Consent plugin. (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. For additional information, Fiscal Year Ended Dec 31, 2022. Ticketmaster.com Visitors use the platform for three minutes and 18 seconds on average. No purchase commitment. Hubbard has never run a global business with 3,000 employees, 11,000 clients, and $1.2 billion in annual revenue. Complimentary 10 hours free analyst time for market review, 3. "[54] That same year, musician Bruce Springsteen complained of a conflict of interest between Ticketmaster and TicketsNow after fans were directed to TicketsNow once tickets to his concert sold out on Ticketmaster.com. [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. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. Ticketmaster has made 5 investments. The world of eCommerce for entertainment will be connecting, in-person at our 11th annual TheTicketingBusiness Forum on 18-19 April in Manchester, UK. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. [12] In 2003, IAC repurchased the remaining Ticketmaster stock that it had previously sold off. [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. After extensive research and analysis, Zippia's data science team found the following key financial metrics. They also focus on forming tie-ups with banks and mobile wallet providers to lure customers into buying tickets from their portals. Ticketmaster: Contact Details and Business Profile Ticketmaster Entertainment, Inc. Audited Consolidated Financial - SEC Ticketmaster: Rocking The Most Hated Brand In America - Fast Company 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. [32], The company reported nearly 500 million tickets sold for 400,000 events in 2018. online dashboard trial. Funding $2.7M Acquisitions 5 News Latest News Dec 14, 2022 Pressbee [29] In 2009, Ticketmaster released a digital ticketing system that required customers to prove their identity prior to purchase. Get the full ticketmaster.com Analytics and market share drilldown here . Fans Say It's Their Hunger Games", "AOC demands Ticketmaster be dismantled after Taylor Swift ticket sale chaos", "Tennessee AG Investigating Antitrust Violations in Taylor Swift Ticket Presale", "Tennessee, North Carolina AGs Investigating Taylor Swift Ticket Presale", "Justice Department Said to Investigate Ticketmaster's Parent Company", "Taylor Swift slams 'outside entity' over ticket fiasco: 'I'm not going to make excuses for anyone', "Taylor Swift: 'Swifties' sue Ticketmaster over tour sale problems", "Hundreds of Tickets Canceled for Bad Bunny Concert in Mexico", "Final de la gira de Bad Bunny en Mxico opacada por boletaje falso; Ticketmaster ofrece reembolsos", "#AvisoImportante con respecto al concierto de @sanbenito (#BadBunny) en el @EstadioAzteca", "Ticketmaster deber reembolsar y dar 20% extra a fans de Bad Bunny afectados: Profeco", "Ticketmaster gets grilled: 6 takeaways from hearing over Taylor Swift concert fiasco", "Ticketmaster Plans to Blame Scalpers for Taylor Swift Debacle at Senate Hearing", "Taylor Swift concert fiasco leads to US Senate grilling for Ticketmaster", "Ticketmaster apologises for Taylor Swift tour sales fiasco", "DC organization protests against Ticketmaster and Live Nation outside US Capitol", "With Ticketmaster Lawsuit's First Hearing, Swifties Take to the Streets", "Zach Bryan drops surprise album 'All My Homies Hate Ticketmaster,' vows to combat high ticket prices", "Zach Bryan Wants to Burn Ticketmaster to the Ground", "Drake fans are the latest to hit Ticketmaster with a lawsuit following 'It's All A Blur' tour sale", "Ticketmaster facing lawsuit over Drake pricing now, too", "Drake fan files class-action lawsuit against Ticketmaster over inflated "Official Platinum" prices", "Eurovision 2023: Tickets for Liverpool sell out after huge demand", "Eurovision tickets website crashes moments before sale begins", "Eurovision final 2023 tickets sell out in 36 minutes", "Tickets: Eurovision Song Contest Grand Final - Live Show, Liverpool | Sat, 13 May 2023, 20:00 | Ticketmaster UK", "Eurovision tickets reselling for up to 12,000 as fans hunt for ways to attend contest", "Tickets for all 9 shows at this year's Eurovision Song Contest have now SOLD OUT", "Anger as fans say Coronation Concert ballot 'misleading', "Coronation Concert chaos after tickets sell out in minutes angering ballot holders", "Ticketmaster To Use Next-Generation Venue Software For The NFL", "Scottish Comic Beats Taylor Swift, Ed Sheeran in Ticketmaster UK Fan Vote For 'Ticket of the Year', "Ticketmaster Will Once Again Be the Official Ticketing Partner of SMG's UK Venues", "Taylor Swift announces massive 2018 'Reputation' tour", "Exclusive: Trans-Siberian Orchestra announces 20th-anniversary winter tour", "How to Buy Tickets to Broadway's Harry Potter and the Cursed Child Parts One and Two", "NFL, Ticketmaster renew partnership for at least $200M", "Guarding The Gates: NHL Signs Multiyear Extension Of Deal With Ticketmaster", "NBA Renews Ticketmaster Deal for Two Years", "StubHub Inks NFL Deal for Digital Tickets, Ticketmaster Integration", "New Tech Offerings This Year At The US Open", "Rogers Cup goes digital with Ticketmaster", "Wyndham Championship announces deal with Ticketmaster, new tier pricing", Scam Alert: Entertainment Rewards and Ticketmaster Consumerist, Hollywood Casino Amphitheatre (Maryland Heights, Missouri), Hollywood Casino Amphitheatre (Tinley Park, Illinois), TCU Amphitheater at White River State Park, https://en.wikipedia.org/w/index.php?title=Ticketmaster&oldid=1152102324, Entertainment companies based in California, Companies based in Los Angeles County, California, Entertainment companies established in 1976, CS1 Mexican Spanish-language sources (es-mx), Short description is different from Wikidata, Articles tagged with the inline citation overkill template from January 2023, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 April 2023, at 06:28. Then, there's Canada with a share of 5.28% of all tickets. [10] That same year, the company merged with CitySearch and was renamed Ticketmaster Online-CitySearch. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Ticketmaster made $85 million in fees, from customers who took about eight months on average to cancel their enrollment in the program. Live Nation has reported revenue growth of 7% to $11.5bn in 2019, with a 10% rise in ticket sales year-on-year to 38 million. Ticketmaster has made 5 investments. Ticketmaster annual revenue for 2021 was $6.3B, a 236.8% growth from 2020. Reconciliation to net income (loss) available to common stockholders of Live Nation: Net income (loss) attributable to common stockholders of Live Nation: $ 295,986 $ (650,904) $ (1,724,535) Accretion of redeemable noncontrolling interests (146,770) (19,771) 1,180: Net income (loss) available to common stockholders, basic and diluted, total . After extensive research and analysis, Zippia's data science team found the following key financial metrics. Terms of Use. Ticketmaster Help, "How are ticket prices and fees determined?". Ticketmaster revenue is $16.7B annually. Mobile movie ticketing services are expected to emerge as a key revenue-generating segment over the forecast period in North America, due to consumer convenience and accessibility associated with the purchase of movie tickets. 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. ticketmaster.com is ranked #1 in the eCommerce & Shopping > Tickets category and #317 Globally according to March 2023 data. [34], The face value of Ticketmaster tickets is determined by the artist or client. Event organizers across the globe are forming new ways to offer exclusive passes for catching attention of audiences growing appetite for customization. Its headquarters is located at Beverly Hills, California, USA. Ticketmaster has 6,678 employees, and the revenue per employee ratio is $2,497,941. As of February 2023, the company's market cap has grown to $18.23 billion; a 16% increase in just two months. [28], Ticketmaster sells tickets that its clients make available to them. [64], In July 2019, a report by Billboard revealed a strategy by Live Nation, Ticketmaster's parent company, to secretly bypass placing certain tickets for sale on the primary market and instead, place them directly on resale sites "without giving fans a chance to buy them through normal channels at face value. Ticketmaster is a California-based ticket marketplace that allows individuals to buy and sell tickets for concerts, sports, theater and family events. Social media has positively impacted event marketing and promotions, as customers build communities and pages, and share their experiences worldwide. Revenue in USD million/billion and CAGR from 2020 to 2025, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Middle East & Africa; Latin America, U.S.; Canada; Germany; U.K.; China; Japan; India; Mexico; Brazil, AOL Inc.; Atom Tickets LLC; Big Cinemas; Bigtree Entertainment Pvt. Engaging audiences through Reddit may reveal new opportunities. [26] The same year, the company acquired Universe, a DIY ticketing platform. 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. "[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. [129][130][131] In 2008, Ticketmaster entered into an agreement with the National Football League (NFL) to manage its resale market on NFL TicketExchange. [13], In September 2006, Ticketmaster President Sean Moriarty told NPR that Ticketmaster had lobbied several states to enact laws that would limit the ticket resale market to authorized companies. Event-related deferred revenue was $3.5 billion as of March 31, 2022 compared to $1.5 billion as of March 31, 2021. 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. [15] Also in January, Ticketmaster acquired the UK-based secondary ticket marketplace, Getmein.com. At the same time, the Gross-Profit went down by . Income Statement :: Live Nation Entertainment (LYV) [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. Their stock opened with $14.50 in its Nov 19, 1996 IPO. 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 . StubHub's Competitors, Revenue, Number of Employees, Funding - Owler [132] Ticketmaster has also partnered with the United States Tennis Association,[133] Tennis Canada,[134] and the PGA Tour.[135]. On average, employees at Ticketmaster stay with the company for 3.1 years. Ticketmaster Entertainment, Inc. is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world. [80][81] In March 2023, Robert Smith criticized the model and announced that the Cure would not be allowing Ticketmaster to sell dynamically-priced or platinum tickets for the band's upcoming North American tour. 29% of Ticketmaster employees are Hispanic or Latino. Investor Relations :: Live Nation Entertainment (LYV) Get documents signed as fast (and simple) as possible. Ticketmaster has emerged as the most profitable ticket distribution company. The number of employees ranges from 5.0K to 10K. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. The procurator of Office of the Federal Prosecutor for the Consumer, described on Twitter that the agency had already requested a report from Ticketmaster Mexico on what happened at the Estadio Azteca and asked affected consumers to formalize their complaints under the terms of the law.