Ticketmaster may also be known as or be related to Ticketmaster, Ticketmaster Corporation, Ticketmaster Entertainment Inc and Ticketmaster Entertainment LLC. Stubhub 's estimated revenue per employee is $210,165 . Moreover, Hollywood is a highly-touted entertainment industry in the U.S., due to which there is a higher demand for convenient modes of purchasing tickets. Free report customization (equivalent to up to 8 analyst working days) with purchase. By keeping a price cap in place, you're really just driving the [resale] business into the shadows. [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. "[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. Official Platinum Seats are premium tickets to concerts and other events made available by artists and Event Organizers through Ticketmaster. Fiscal Year Ended Dec 31, 2022. This cookie is used to recognize the visitors using live chat at different times inorder to optimize the chat-box functionality. Social media has positively impacted event marketing and promotions, as customers build communities and pages, and share their experiences worldwide. [22] The new company, which would be called Live Nation Entertainment, would also be subject to provisions for 10 years that prevented it from retaliating against venues that partnered with competing ticketing firms. 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. Its headquarters is located at Beverly Hills, California, USA. The rapid adoption of smartphones and tablets in countries such as Qatar, Turkey, and UAE is anticipated to drive market growth. The rapid growth of Internet users across the globe has provided bright prospects for e-marketers. This cookie is set by GDPR Cookie Consent plugin. Then, there's Canada with a share of 5.28% of all tickets. Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. [58], Ticketmaster secretly partners with scalpers to drive up prices for consumers. At the same time, the Gross-Profit went down by . You've rejected analytics cookies. TICKETMASTER SPORT LIMITED - UK.GlobalDatabase.com Ticketmaster - Funding, Financials, Valuation & Investors - CrunchBase Ticketmasters Monthly Active Users (MAU) is 113.6 million. 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. Ticketmaster is subject to numerous controversies and lawsuits, alleging violations of various laws. You also have the option to opt-out of these cookies. [121], Ticketmaster has partnerships with venues, professional sports leagues, musical acts and theatre tours[122][123][124] and target corporation in the United States and internationally. Global Online Event Ticketing Market Size Report, 2025 Ticketmaster made $85 million in fees, from customers who took about eight months on average to cancel their enrollment in the program. This continued expansion in Asia . Get the full ticketmaster.com Analytics and market share drilldown here . "[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. 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. Ticketmaster annual revenue for 2021 was $6.3B, a 236.8% growth from 2020. Mobile devices have gained popularity as the preferred device for purchasing tickets, which can be largely attributed to declining prices of Internet packs, coupled with growing penetration of high-speed 3G and 4G connectivity among masses. 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. The service providers are re-designing their websites along with developing mobile applications to offer user-friendly booking experience. The collapse of record album sales after the year 2000 means that as of the 2020s, 95 percent of artist income comes from concert tours. [22] This consent decree was extended in 2020 by an additional five years, and that the company acted in violation of the terms of the 2010 agreement. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. As of April 2018, the Department of Justice had not released comments on its investigation. [45], In 2022, Ticketmaster was experimenting with a demand-based, dynamic pricing which would vary the ticket price based upon demand. [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. 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. Their stock opened with $14.50 in its Nov 19, 1996 IPO. 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 Asia Pacific region is expected to witness significant growth over the forecast period, due to increasing penetration of internet and smart devices. In the lawsuit, fans demanded $2,500 for each violation, which could potentially amount to several million in total. 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. There is intense competition among online ticket providers to secure the rights for selling these tickets from concerned parent bodies. Stubhub: Revenue, Competitors, Alternatives - Growjo Engaging audiences through Reddit may reveal new opportunities. The cookie is used to store the user consent for the cookies in the category "Analytics". [109][110] The suit seeks $300 in punitive damages per customer and compensatory damages covering the difference between the "Official Platinum" ticket prices and the regular cost for the seats. 52% of Ticketmaster employees are women, while 48% are men. This, in turn, is increasing discretionary spending on entertainment and leisure services. You can see that with each new investment, there has been more money rasied at Ticketmaster. [88] Several US lawmakers took notice of the issue. Ticketmaster has emerged as the most profitable ticket distribution company. [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. Customers can compare prices, service features, and after-sale service facilities, further boosting adoption. Ticketmaster has made 5 investments. 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. 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. The company provides tickets through its retail outlets, as well as other retail partners, and online. Copyright 2023 Xperiology. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. The data presented on this page does not represent the view of Ticketmaster and its employees or that of Zippia. The audience of Ticketmaster.com is made up of 49.68% women and 50.32% men. Find out why thousands of people are moving to SignHouse for their digital signatures! : 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? Vendors are also focusing on providing combination deals to patrons. She concluded that she is taking the necessary measures to resolve the issue and resume the sale. Ticketmaster covers numerous events in various industries. The simpler and more efficient DocuSign Alternative. Tickets are sold through Ticketmaster at a rate of roughly 18 times per second, with a face value of $202 on average. [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. [115][116][117], Ticketmaster was heavily criticised for their handling of the tickets for Coronation Concert of Charles III and Camilla. Live Nation Entertainment annual revenue for 2021 was $6.268B, a 236.8% increase from 2020. [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. After extensive research and analysis, Zippia's data science team found the following key financial metrics. StubHub's Competitors, Revenue, Number of Employees, Funding - Owler 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 table above shows us once again how Ticketmaster's users are mostly in the United States and Canada. [26] The same year, the company acquired Universe, a DIY ticketing platform. ticketmaster.com Market Share, Revenue and Traffic Analytics - Similarweb The introduction of RFID tags built in to wristbands allow customers for ticketless entry and cashless event purchases. Ticketmaster: Rocking The Most Hated Brand In America - Fast Company [57], In 2020, the Department of Justice fined Ticketmaster $3 million for violating a consent decree resulting from the Live Nation merger. They also offered refunds for the full cost of the tickets. The company believed this would help circumvent brokers and scalpers. Live Nation has also reported an 8% increase in concert revenues in 2019, with its international fan count up by 11%. 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. Market Data powered by QuoteMedia. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. 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 . Various media outlets reported that both the Democrat and Republican senators "grilled" Ticketmaster's representative, Joe Berchtold, the company's chief financial officer. Ticketmaster's peak revenue was $16.7B in 2022. (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. Prominent sports events such as the National Football League (NFL), the FIFA World Cup, the Olympics Games, ICC Cricket World Cup, and the Premier League (PL) have a massive fan following. [48], In a 2009 article by the CBC, Ticketmaster argued that legislation was needed in Ontario to protect fans from scalpers and unauthorized ticket brokers saying, "You and I both know there is a thriving ticket-broker industry so the law is really a fiction We very strongly feel the law needs to be modernized to reflect the reality of internet commerce. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets.
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