Live Nation Entertainment Reports Second Quarter 2022 Results 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. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. [112] Prior to the ticket booking platform going live, many users complained that the Ticketmaster website had crashed with a 500 error. [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 Entertainment - revenue 2022 | Statista Alternative entertainment may include pre-recorded programs as well as live sports programs, concert events, the Metropolitan Opera, gaming events and other special presentations. 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. [35] Some economists and activist groups have claimed that high ticket prices are due to a lack of competition within the music industry. The U.S. Senate Judiciary Committee examined the merger with a hearing in January 2023. 100%-off invitations: access paid products for $0, Statistics &Research for Tech Companies, Ticketmaster Revenue and Growth Statistics (2023). Anonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services. 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. It entertains more than 1 billion digital visitors annually and offers over 500 million tickets through the website and official app! Its headquarters is located at Beverly Hills, California, USA. New and enhanced programming alternatives is expected to expand the industrys customer base and increase patronage for exhibitors. In addition to the required payment, Ticketmaster signed a consent agreement to ensure its advertising policies abide by Canadian law. [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 companies offer various discounts and offers along with special incentives like additional pre-sales discounts. Michael Rapino (CEO), Mark Yovich (President), Ticketing technology, Ticket sales, Ticket resales, Marketing, Distribution of event tickets and information, Support of venue renovation, $11.5 billion in 2019 (Ticketmaster's greatest revenue), https://www.biletix.com/anasayfa/TURKIYE/en. [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. Industry eCommerce & Shopping > Tickets. We value your investment and offer free customization with every report to fulfil your exact research needs. [15] Also in January, Ticketmaster acquired the UK-based secondary ticket marketplace, Getmein.com. Operating Free Cash Flow Up 3.9x to $1.8 Billion, Adjusted Free Cash Flow Up 94% to $967 Million, Converting 69% of AOI. There are Ticketmaster locations in Stoke-On-Trent, Manchester, Glasgow, and London.Ticketmaster sells tickets to approximately 70,000 events annually. . 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. 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. [118][119] The email also said "You will have until 12:00 on 27th April to claim your tickets. [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. Discounted price for multiple reports across domains, 2. PDF. 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 . The rapid growth of Internet users across the globe has provided bright prospects for e-marketers. Electronic signature software built specifically for you. 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 Hubbard has never run a global business with 3,000 employees, 11,000 clients, and $1.2 billion in annual revenue. Copyright 2023 Xperiology. The acquisition is scheduled to complete in Q3 (subject to customary closing conditions being satisfied). [24], One year after merging, Live Nation settled a previous class action lawsuit against Ticketmaster which alleged that the company had misled plaintiffs in its descriptions of delivery and processing fees. Tickets are sold through Ticketmaster at a rate of roughly 18 times per second, with a face value of $202 on average. US congresswoman Alexandria Ocasio-Cortez tweeted that Ticketmaster is a monopoly and that it must be unmerged from Live Nation Entertainment. In 2022, Ticketmaster reported an incredible success, with revenue of $12.3 billion - a staggering increase from the $6.3 billion reported in 2021. India is a lucrative market for movie-ticketing service providers as new movie releases result in long queues at theaters for advanced bookings. Global Online Event Ticketing Market Size Report, 2025. [43][44], As of 2016, ticket resale was Ticketmaster's fastest growing business. The average monthly active Ticketmaster users are 115,900,000. online dashboard trial. [129][130][131] In 2008, Ticketmaster entered into an agreement with the National Football League (NFL) to manage its resale market on NFL TicketExchange. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. Revenue $1.8 B Y, 2016 Company summary Overview Ticketmaster is a live event ticketing company. 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. [CDATA[ Additionally, select-your-own-seat, print-at-home-tickets and view from seat are some of the enhanced feature offered by the suppliers to enhance customer experience and thus increase their market share. 2000 San Francisco California San Francisco Bay Area Private Subsidiary of viagogo Entertainment, Inc. Software, Internet & Computer Services Online Marketplace 7372 7373 NAICS listing http://www.stubhub.com/ Est. The employee data is based on information from people who have self-reported their past or current employments at Ticketmaster. The overall process has become easy, reliable, quick, and safe. Everybody starts on a free plan, and you can stick to it forever. MEA is anticipated to witness considerable growth over the forecast period. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Analytical cookies are used to understand how visitors interact with the website. He hasn't managed a company one-fifth Ticketmaster's size. Ticketmaster Entertainment, Inc. Audited Consolidated Financial - SEC [19] Front Line CEO Irving Azoff became CEO of the new company, which was renamed Ticketmaster Entertainment. One thing we know is that Upfront Ventures is a major investor that funds Ticketmaster. Movies, music concerts, sports events, and stand-up comedy can be considered the backbone of the entertainment industry. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. Event-Related Deferred Revenue of $2.3 billionAlmost Double Year-End 2019 Confirmed Show Bookings and Ticket Sales Up Double-Digits Across Major Venues 45 Million Tickets Already Sold for 2022 Shows, with Pricing on Top 10 Tours Up Over 20% (vs 2019) Sponsorship Commitments Up Double-Digits Relative to 2019, Already Over 80% Sold For Year This website uses cookies to improve your experience while you navigate through the website. Ticketmaster Revenue: Annual, Quarterly, and Historic - Zippia [25], In 2015, Ticketmaster acquired Front Gate Tickets, a music festival ticketing service that provided services for festivals including Lollapalooza and Austin City Limits. Ticketmaster Nederland is an Entertainment company located in The Hague, South Holland with $5.00 Million in revenue and 36 employees. [94], In December, a group of Swift's fans, called "Swifties," filed a lawsuit against Ticketmaster and its parent company Live Nation, accusing them of fraud, anti-trust violations, and price-fixing. These cookies track visitors across websites and collect information to provide customized ads. Service providers offer various deals and discounts along with special incentives such as pre-sales and additional discounts. Let's now look at the key data about Ticketmaster Entertainment! [9][7], In 1998, USA Networks Inc., later named InterActiveCorp (IAC), purchased a majority stake in Ticketmaster. [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. Oops! StubHub's Competitors, Revenue, Number of Employees, Funding - Owler Free trial, before you make a purchase decision. 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. Over 20,000 tickets may be processed in real-time per minute across all of our sales platforms thanks to the Ticketmaster system. [76], In December 2020, Ticketmaster "entered into a plea agreement with federal prosecutors" and agreed to pay a $10 million fine after being charged with illegally accessing computer systems of a competitor. Copyright 2023 Grand View Research, Inc. All rights reserved. The ratio of male-female Ticketmaster users is almost perfectly balanced. Ticketmaster.com gets most of its social media traffic from YouTube, followed by Facebook and Twitter (Desktop). Plaintiffs claimed that the on-sale for the It's All a Blur Tour, a co-headlining concert tour by Drake and 21 Savage, "intentionally misleads consumers for [Ticketmaster's] own financial gain" by concealing information about additional show dates to drive demand and ticket prices. For all of our events, Ticketmaster collaborates with more than 1,500 affiliate partners to increase ticket sales. You also have the option to opt-out of these cookies. These tickets are equipped with barcodes or QR codes, which are scanned by attendants to ensure authenticity. [73][74] In a related case, Ticketmaster filed suit against its liability insurance carrier, Illinois Union Insurance Company, a subsidiary of ACE Limited, in 2010 for failing to aid in its defense in the 2003 suit. Ticketmaster Revenue In 2022, Ticketmaster reported an incredible success, with revenue of $12.3 billion - a staggering increase from the $6.3 billion reported in 2021. Yes, Ticketmaster UK can only help with queries for events taking place in England, Scotland and Wales. [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. Ticketmaster is available on Google Chrome (download latest), Microsoft Edge (download latest), and Mozilla Firefox. For the purpose of this study, Grand View Research has segmented the global online event ticketing market report on the basis of platform, event type, and region: Platform Outlook (USD Million, 2014 - 2025), Event Type Outlook (USD Million, 2014 - 2025), Regional Outlook (USD Million, 2014 - 2025). This continued expansion in Asia . 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. Ticketmaster Delivers Another Record Quarter - AOI Up 86%, Transacted GTV Up 76% . Market Data powered by QuoteMedia. Ticketmaster has emerged as the most profitable ticket distribution company. Ticketmaster has a revenue model that makes money in just one way; by collecting a percentage of all tickets sold on their platform. A large media company with 6,678 employees and an annual revenue of $16.7B, Ticketmaster is headquartered in West Hollywood, CA. Social media has positively impacted event marketing and promotions, as customers build communities and pages, and share their experiences worldwide. Addition or alteration to country, regional, and segment scope. What is the annual revenue of Ticketmaster Nederland? Choose reports from a database of more than 10,000 reports. ", "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. [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. The senators questioned Berchtold over Ticketmaster's monopolistic practices, policies, ticket costs, lack of transparency, lack of defense against bots, and insensitivity to music artists. This goes for all countries in which the website is available. She concluded that she is taking the necessary measures to resolve the issue and resume the sale. [95], On December 9, 2022, the day of Bad Bunny's first concert of his World's Hottest Tour in Mexico City, an unprecedented number of tickets were cancelled, affecting a considerable group of concertgoers, whose tickets were confiscated and destroyed. 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. [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. Ticketmaster has acquired 17 organizations. Furthermore, it includes linked bank account which provide cashless transactions. The cookie is used to store the user consent for the cookies in the category "Performance". Their stock opened with $14.50 in its Nov 19, 1996 IPO. Ticketmaster Company Profile - Office Locations, Competitors window.__mirage2 = {petok:"OIlyItzY6v9IlPgiuldRvuqrphTBo17ERGcGXSXaXi8-1800-0"}; [96] Because of this, Ticketmaster received a great amount of criticism because many of the attendees who were denied entry were accused of having counterfeit or cloned tickets, even though those attendees presented proof of payment or their ticket had not even been previously scanned. 29% of Ticketmaster employees are Hispanic or Latino. Ticketmaster, the global leader in live event ticketing, today announced a part acquisition of Thai Ticket Major (TTM), headquartered in Bangkok, Thailand.
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