ticketmaster annual revenue

Please fill out the form below for a free PDF report sample & Cloned and invalid tickets in Bad Bunny concert. "[40] In other words, "Ticketmaster is effectively paid to be a punching bag" for consumer frustration with opaque add-on fees, and then some of the fees find their way back to the artist or venue. [14], In January 2008, Ticketmaster acquired Paciolan Inc., a developer of ticketing system applications and hosted ticketing systems, after litigation over the potential breach of antitrust laws. This cookie is used for the website live chat box to function properly. Ticketmaster sells nearly 500 million tickets per year for a wide range of concerts, events, and games, and their websites receive over a billion visits per year. [87], Fans and customers online widely criticized Ticketmaster for a flawed ticketing model that obstructed them from purchasing tickets. 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. $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 . YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. 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. The movie ticketing segment is also characterized by a high degree of competition among service providers. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. The witnesses prosecuting Ticketmaster included Jerry Mickelson, the president of JAM Creative Productions; and Jack Groetzinger, co-founder of SeatGeek. [18] Later in 2008, Ticketmaster acquired Front Line Management, an artist management firm that worked with artists such as Aerosmith, Christina Aguilera and Jimmy Buffett. ticketmaster.com Ranking. [CDATA[ Since 1995, Ticketmaster has controlled more than 80% of the market for primary tickets to significant concerts. These tickets are equipped with barcodes or QR codes, which are scanned by attendants to ensure authenticity. Ticketmaster: Contact Details and Business Profile Ticketmaster is registered under the ticker NASDAQ:TKTM . Ticketmaster - Overview, News & Competitors | ZoomInfo.com Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website. In 2022, Ticketmaster sold most tickets in the US, with 84.33% of the tickets. The number of employees ranges from 5.0K to 10K. It does not store any personal data. 52% of Ticketmaster employees are women, while 48% are men. This, in turn, is increasing discretionary spending on entertainment and leisure services. The first valuation was in 2009, at just under $1 billion. Ticketmaster's revenue growth from 2010 to 2022 is 229.43%. Ticketmaster's Competitors, Revenue, Number of Employees - Owler Ticketmaster has 6,678 employees, and the revenue per employee ratio is $2,497,941. Its first ticketed concert was Electric Light Orchestra, held at the University of New Mexico. online ticket marketplace where fans can buy and sell tickets to sports, concerts, and Show more Global Rank # 2,592 647 Country Rank # 527 109 United States Category Rank # 5 2 eCommerce & Shopping > Tickets (In United States) Connect this website Total Visits 23.0M Bounce Rate 53.10% Pages per Visit 3.29 Avg Visit Duration 00:02:42 Company . Digital projection combined with satellite delivery allows exhibitors to expand their product offerings, including the presentation of 3-D content and alternative entertainment. A large media company with 6,678 employees and an annual revenue of $16.7B, Ticketmaster is headquartered in West Hollywood, CA. These cookies will be stored in your browser only with your consent. [93], Swift released a statement on November 18, 2022, via her Instagram story; she asserted that she is protective of her fans and wanted to assure a quality experience for them, but found it difficult to "trust an outside entity with these relationships and loyalties". Ticketmaster provides ticketing services in 31 countries and in 2019 delivered 115 million tickets internationally. 9% of Ticketmaster employees are Black or African American. Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. US congresswoman Alexandria Ocasio-Cortez tweeted that Ticketmaster is a monopoly and that it must be unmerged from Live Nation Entertainment. It entertains more than 1 billion digital visitors annually and offers over 500 million tickets through the website and official app! Or choose from the following popular destinations. [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. The acquisition is scheduled to complete in Q3 (subject to customary closing conditions being satisfied). There is intense competition among online ticket providers to secure the rights for selling these tickets from concerned parent bodies. Language links are at the top of the page across from the title. 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 [107][108], In March 2023, fans of Canadian rapper Drake also filed a class action lawsuit against Ticketmaster in the Superior Court of Quebec, alleging intentional deception and fraud. Alternative entertainment may include pre-recorded programs as well as live sports programs, concert events, the Metropolitan Opera, gaming events and other special presentations. However, in 2020 the company. [10] That same year, the company merged with CitySearch and was renamed Ticketmaster Online-CitySearch. Launched in 2013, TheTicketingBusinessNews is owned and delivered by Xperiology the UK-based events, publishing and marketing agency dedicated to sports, arts and entertainment. On average, there are more mobile users than desktop users on Ticketmaster. This goes for all countries in which the website is available. It added average ticket prices for its amphitheatre and arena shows are up double-digits since 2017, while sales of dynamically-priced Platinum tickets were up 66% for the year across 3,000 shows. 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. This cookie is set by GDPR Cookie Consent plugin. [12] In 2003, IAC repurchased the remaining Ticketmaster stock that it had previously sold off. The table below includes Ticketmaster employees throughout the year from 2010 to 2022. Highlights (year-over-year) Revenue Up 10% for the Quarter to $3.2 Billion Operating Income Up 27% for the Quarter to $172 Million Adjusted Operating Income Up 23% for the Quarter to $319 Million 73 Million Concert Tickets Sold for 2019 Shows, Up Over 4 Million through mid-July Sponsorship & Advertising Committed Net Revenue Up 18% Year-to-Date

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