ticketmaster annual revenue

Their most recent investment was on Sep 12, 2008, when Active Network raised $92.3M. View contact profiles from Ticketmaster Popular Searches Ticketmaster Increasing viewership of sports has consequently boosted online ticket sales for sporting events. [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. 2023 Live Nation Worldwide, Inc. All rights reserved. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Choose reports from a database of more than 10,000 reports. The top traffic source to ticketmaster.com is direct traffic, driving 37.49% of desktop visits last month, and search is the 2nd with 31.75% of traffic. 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 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. Addition or alteration to country, regional, and segment scope. They also offered refunds for the full cost of the tickets. 1.12 million customers were eligible to claim up to a $30 refund. In order to ensure business continuity amidst the COVID-19 crisis, business organizations, especially in highly affected countries are allowing their employees to work from home. [33], In November 2020, Ticketmaster announced it will check the COVID-19 vaccination status of ticket buyers before issuing passes when live events return in 2021. window.__mirage2 = {petok:"OIlyItzY6v9IlPgiuldRvuqrphTBo17ERGcGXSXaXi8-1800-0"}; Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. This cookie is set by GDPR Cookie Consent plugin. COVID-19 shall accelerate the demand for agile and flexible work styles and further push the adoption of communication services that tend to improve work-life balance. [9][7], In 1998, USA Networks Inc., later named InterActiveCorp (IAC), purchased a majority stake in Ticketmaster. [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. [41], Fee amounts vary between events and are dependent on the venue, available delivery methods, and preferences of the artist. The U.S. is estimated to witness significant growth over the next few years due to the greater presence of the tech-savvy population in the country with growing disposable incomes. The peak quarterly revenue was $6.2B in 2022(q3). The number of employees ranges from 5.0K to 10K. The annual revenue of Ticketmaster varies between 1.0B and 5.0B. By clicking Accept, you consent to the use of ALL the cookies. [120] Ticketmaster has been criticised and the email labeled "misleading". Ticketmaster is a company selling tickets to various events all round the world. 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. The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. [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. 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. [36], Typically, fees added to a ticket's face value have included:[37][38][39], As the Los Angeles Times has explained, "the 'service fee' is intentionally kept separate from the list price for two reasons: to make the base price of a ticket appear more affordable, and to create the impression that only Ticketmaster pockets that fee. US congresswoman Alexandria Ocasio-Cortez tweeted that Ticketmaster is a monopoly and that it must be unmerged from Live Nation Entertainment. The world of eCommerce for entertainment will be connecting, in-person at our 11th annual TheTicketingBusiness Forum on 18-19 April in Manchester, UK. 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. [85] In less than an hour of availability, the ticketing platform's servers were "unable to answer", with users "either completely logged out or in a queue 2,000-plus people strong that appeared frozen." In 2022, Ticketmaster has an average Monthly Active User (MAU) of 113.6 million users. Contact Who is Ticketmaster Headquarters 9348 Civic Center Dr, Beverly Hills, California, 90210, United States Phone Number (310) 867-7000 Website www.ticketmaster.com Revenue $2.4B Industry Retail General Retail Ticketmaster's Social Media Is this data correct? Ticketmaster Operating Metrics | Craft.co Find out why thousands of people are moving to CalHouse as a Calendly alternative (100% free)! Let's now look at the key data about Ticketmaster Entertainment! Ticketmaster is the world's largest ticket marketplace and the global market leader in live event ticketing products and services. Ticketmaster Entertainment, Inc. Audited Consolidated Financial - SEC "[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. Revenue $1.8 B Y, 2016 Company summary Overview Ticketmaster is a live event ticketing company. Complimentary 10 hours free analyst time for market review, 3. The first valuation was in 2009, at just under $1 billion. Ticketmaster benefits from record month of on-sales This continued expansion in Asia . [129][130][131] In 2008, Ticketmaster entered into an agreement with the National Football League (NFL) to manage its resale market on NFL TicketExchange. [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. Live Nation Entertainment annual revenue for 2020 was $1.861B, a 83.88% decline from 2019. Fiscal Year Ended Dec 31, 2022. RT=Real-Time, EOD=End of Day, PD=Previous Day. You also have the option to opt-out of these cookies. Our support available to help you 24 hours a day, five days a week. The Northern Quarter of Manchester has served as the home of Ticketmaster's UK Contact Center and Fulfillment business for more than 14 years. (100% free). Furthermore, it includes linked bank account which provide cashless transactions. Copyright 2023 Grand View Research, Inc. All rights reserved. Cloned and invalid tickets in Bad Bunny concert. [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. Please fill out the form below for a free PDF report sample & [25], In 2015, Ticketmaster acquired Front Gate Tickets, a music festival ticketing service that provided services for festivals including Lollapalooza and Austin City Limits. Free report customization (equivalent to up to 8 analyst working days) with purchase. [82] Smith priced tickets for the Cure's concerts for as low as $20, but Ticketmaster charged fees that equalled more than the price of the base ticket. MEA is anticipated to witness considerable growth over the forecast period. Their stock opened with $14.50 in its Nov 19, 1996 IPO. [47] The investigation was closed without action in 1995, though the Justice Department stated it would continue to monitor the developments in the ticket industry. Necessary cookies are absolutely essential for the website to function properly. Live Nation Entertainment annual revenue for 2022 was $16.681B, a 166.11% increase from 2021. Ticketmaster - Wikipedia The new trend is adopted by event organizers for providing convenience and premium experiences to customers. Annual Reports :: Live Nation Entertainment (LYV) Ltd.; Cinemark Holdings Inc.; Cineplex Inc.; Kyazoonga; Fandango; Inox Leisure Ltd.; MovieTickets.Com; EasyMovies; Mtime; RazorGator; StubHub; Ticketmaster Entertainment; Ticket, please. Ticketmaster - Funding, Financials, Valuation & Investors - CrunchBase North America is estimated to account for the largest market share over the forecast period, due to higher per capita income and increased proliferation of the Internet in countries such as the U.S. and Canada. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. Heres the offer: we might start charging for access to this research (it takes 10s of people to produce this), but if you sign up now, youll have access for $0. Electronic signature software built specifically for you. 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). [31] The following year, the company filed a lawsuit against the ticket broker Prestige Entertainment after the company used bots to buy more than 30,000 tickets to the Broadway play "Hamilton". You can change your cookie settings at any time. The majority of visitors are between the ages of 25 and 34. 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. PDF. [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. Ticketmaster has 6,678 employees, and the revenue per employee ratio is $2,497,941. Rigorous promotion and advertising activities undertaken by online ticketing services play a pivotal role in increasing the sale of tickets through their channels. Global Online Event Ticketing Market Size Report, 2025. His tactics have earned him some foes, but even critics admit he has transformed the industry. This is expected to have an impact on the commercialization of commercial 5G standalone deployments and revenue generated through 5G services. RFID tags are useful in multi day events, it includes customer information which is displayed at the time of security check. 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 . [5][6], In 1982, Fred Rosen was appointed CEO of Ticketmaster and moved the company to Los Angeles to be closer to the live entertainment industry. Compare LYV With Other Stocks From: To: Zoom: Several companies have started using the Internet for cutting marketing costs to stay ahead in a highly competitive market. This, in turn, is increasing discretionary spending on entertainment and leisure services. [30], In 2016, Ticketmaster released a statement in favor of the Better Online Ticket Sales Act (BOTS Act), which banned the use of ticket bots to buy large amounts of tickets online and resell them at inflated prices. TICKETMASTER SPORT LIMITED - UK.GlobalDatabase.com Live Nation reports revenue growth in 2019 to $11.5bn [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. Economists worried these laws would harm competition, but Moriarty expressed the need to reduce corrupt scalpers and counterfeit tickets. Ticketmaster has a revenue model that makes money in just one way; by collecting a percentage of all tickets sold on their platform. Ticketmaster is subject to numerous controversies and lawsuits, alleging violations of various laws. Get our 2-minute email updates that we send to 1,000s of people. Ticketmaster revenue is $16.7B annually. Ticketmaster Nederland: Contact Details and Business Profile There is intense competition among online ticket providers to secure the rights for selling these tickets from concerned parent bodies. 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. After two rounds of ticket balloting remaining spare tickets were sent out to people who originally put their name down.

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