Industry eCommerce & Shopping > Tickets. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. [35] Some economists and activist groups have claimed that high ticket prices are due to a lack of competition within the music industry. Income Statement :: Live Nation Entertainment (LYV) Ticketmaster covers numerous events in various industries. Addition or alteration to country, regional, and segment scope. [7][8], In November 1993, Microsoft co-founder Paul Allen acquired an 80% stake for more than $325 million. At the moment, Ticketmaster dominates the market for ticketing and live events and is by far the industry leader. 1. This cookie is set by GDPR Cookie Consent plugin. Movies, music concerts, sports events, and stand-up comedy can be considered the backbone of the entertainment industry. [129][130][131] In 2008, Ticketmaster entered into an agreement with the National Football League (NFL) to manage its resale market on NFL TicketExchange. You also have the option to opt-out of these cookies. Booking for an event overseas in different countries uses different sites. 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. Global Online Event Ticketing Market Size Report, 2025. Stubhub 's estimated revenue per employee is $210,165 . [23], In May 2013, Ticketmaster agreed to pay up to $23 million for enrolling customers into a rewards program that charged $9 per month. Please fill out the form below for a free PDF report sample & The fees from ticket sales can account for a large percentage of overall ticket costs and have received scrutiny from regulators, customers, and musicians for its fees. [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. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). 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. Free trial, before you make a purchase decision. Its headquarters is located at Beverly Hills, California, USA. 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. The table below includes Ticketmaster employees throughout the year from 2010 to 2022. [26] The same year, the company acquired Universe, a DIY ticketing platform. Hey! Get documents signed as fast (and simple) as possible. Copyright 2023 Xperiology. Analytical cookies are used to understand how visitors interact with the website. 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." Ticketmaster's revenue growth from 2010 to 2022 is 229.43%. But opting out of some of these cookies may have an effect on your browsing experience. PDF. [40] Utilizing such subterfuge to extract additional revenue from fans without arousing direct backlash towards themselves has become increasingly important for artists. The most common ethnicity at Ticketmaster is White (52%). Revenue $1.8 B Y, 2016 Company summary Overview Ticketmaster is a live event ticketing company. //]]>. [48][49] Chuck Philips, a reporter who covered the issue,[50][51][52][53] was told by sources close to the case that the investigation was closed due to a combination of a shortage of resources and the case being difficult and having uncertain prospects. Ticketmaster has 6,678 employees, and the revenue per employee ratio is $2,497,941. Live Nation Entertainment annual revenue for 2022 was $16.681B, a 166.11% increase from 2021. HERE'S How Ticketmaster Makes Money [Full Business Model] - Wealthy Byte [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. 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. The cookie is used to store the user consent for the cookies in the category "Performance". Ticketmaster Entertainment, Inc. is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world. Live Nation Entertainment - revenue 2022 | Statista The annual revenue of Ticketmaster varies between 1.0B and 5.0B. 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. Sony Music Posts $10B in Annual Revenue as Profits Jump 25% Working At Ticketmaster: Employee Reviews and Culture It costs you nothing to try SignHouse! [25], In 2015, Ticketmaster acquired Front Gate Tickets, a music festival ticketing service that provided services for festivals including Lollapalooza and Austin City Limits. 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. Avail customized purchase options to meet your exact research needs. This has elevated the demand for online ticketing in the country. Free upgrade to enterprise license (allows to share across all company locations), 5. Ticketmaster's funding is not shown to the public. ", "Ticketmaster Has Its Own Secret 'Scalping Program,' Canadian Journalists Report", "Ticketmaster Responds to Senate Letter Investigating Resale Controversy: Exclusive", "Ticketmaster Faces Class-Action Lawsuit After Scalping Report", "Secretly Recorded Phone Call Offers Window Into How Live Nation Helped Metallica and Other Artists Place Tickets Directly On Resale Market", "Ticketmaster data breach: Thousands of customers may be affected", "Ticketmaster admits personal data stolen in hack attack", "Ticketmaster admits user data was stolen in breach", "The Ticketmaster breach what happened and what to do", "The Ticketmaster hack is a perfect storm of bad IT and bad comms", "Ticketmaster warns Australian customers of possible data breach", "Chat bot opens door to Ticketmaster payment card hack", "Ticketmaster Agrees to Tentative Settlement", "Ticketmaster voucher settlement was a debacle and it will get worse - MoneySmart - the Buffalo News", "Ticketmaster LLC Locks Horns with ACE Group Company Over Errors and Omissions Coverage", "Ticketmaster Canada Settles Deceptive Pricing Lawsuit for $3.4 Million", "Ticketmaster to pay $10 million in fines after admitting to illegally accessing competitor's computers", "Ticketmaster admits it hacked rival company before it went out of business", "Ticketmaster Accused of Hacking Rival Firm's Database", "Bruce Springsteen Fans Furious at Ticket Prices Going as High as $4-5K, Due to Ticketmaster's 'Dynamic Pricing', "Blink-182 Tickets Are So Expensive Because Ticketmaster Is a Disastrous Monopoly and Now Everyone Pays Ticket Broker Prices", "Ticketmaster to refund some fees after The Cure's Robert Smith says he was 'sickened' by prices", "Ticketmaster was 'experiencing technical difficulties' and outage reports surged as presale started for Taylor Swift's Eras tour", "Taylor Swift Fans Crash Ticketmaster Site", "Taylor Swift Tickets Are On Sale. What is the annual revenue of Ticketmaster Nederland? If you do not claim your tickets by this date then they will be re-allocated", as a result many people had already booked hotels or the day off work in anticipation that they had already gotten the tickets. Terms of Use. [26] In 2017, TicketWeb, Ticketmaster's self-service ticketing platform, acquired Strobe Labs, a marketing platform that allows users to market to fans through social media. It does not store any personal data. We value your investment and offer free customization with every report to fulfil your exact research needs. Ease associated with purchasing tickets through Internet-enabled smartphones and tablets has completely changed the dynamics of ticketing services. The cookies is used to store the user consent for the cookies in the category "Necessary". [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. The band said they were protesting Ticketmaster's ticket fees, while Ticketmaster argued that the band was taking revenue from venues and promoters. vividseats.com Market Share, Revenue and Traffic Analytics - SimilarWeb Ticketmaster's peak quarterly revenue was $6.2B in 2022(q3). [59] Economists characterize the secondary market in tickets as socially wasteful rent-seeking. The ratio of male-female Ticketmaster users is almost perfectly balanced. Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. The simpler and more efficient DocuSign Alternative. Ticketmaster is available on Google Chrome (download latest), Microsoft Edge (download latest), and Mozilla Firefox. [23] Live Nation CEO Michael Rapino was named CEO of the new company. "[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. [102][103] Live Nation cited several letters of support within its testimony, including one from American country singer Garth Brooks. online dashboard trial. Ticketmaster is the world's largest ticket marketplace and the global market leader in live event ticketing products and services. Ticketmaster may also be known as or be related to Ticketmaster, Ticketmaster Corporation, Ticketmaster Entertainment Inc and Ticketmaster Entertainment LLC. Since 1995, Ticketmaster has controlled more than 80% of the market for primary tickets to significant concerts. "[78] The allegations were first reported in 2017 when a former CrowdSurge top executive hired by Ticketmaster hacked into his former employer's database. RFID tags are useful in multi day events, it includes customer information which is displayed at the time of security check. Organizers are adding new categories to their events for attracting more customers.
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ticketmaster annual revenue