vividseats.com Market Share, Revenue and Traffic Analytics - SimilarWeb [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. For instance, they offer food at highly discounted prices at the event locations in a bid to remain competitive. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. Booking for an event overseas in different countries uses different sites. [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. [97] Due to the criticism, Ticketmaster Mexico released a statement through their social networks apologizing and saying that "the inconveniences in the accesses were a consequence of the presentation of an unprecedented number of fake tickets, which caused an out of the ordinary agglomeration of people and an intermittent operation of our system". The consent decree is extended through 2025 and is required to enforce its own compliance with the decree with a penalty of $1 million for any future violations. Anonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services. Customers, particularly in the Asia Pacific, have exhibited willingness to pay marginal Internet handling charges in order to avoid standing in long queues, which has positively shaped the market. [64], In July 2019, a report by Billboard revealed a strategy by Live Nation, Ticketmaster's parent company, to secretly bypass placing certain tickets for sale on the primary market and instead, place them directly on resale sites "without giving fans a chance to buy them through normal channels at face value. [23], In May 2013, Ticketmaster agreed to pay up to $23 million for enrolling customers into a rewards program that charged $9 per month. 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 Media & Sponsorship. Increased proliferation of the Internet and the growing trend of usingmobile applications for booking movies, sports, and live event tickets online are expected to impact growth. Industry eCommerce & Shopping > Tickets. Event-related deferred revenue was $3.5 billion as of March 31, 2022 compared to $1.5 billion as of March 31, 2021. What is the annual revenue of Ticketmaster Nederland? On average, there are more mobile users than desktop users on Ticketmaster. Ticketmaster.com Visitors use the platform for three minutes and 18 seconds on average. [25], In 2015, Ticketmaster acquired Front Gate Tickets, a music festival ticketing service that provided services for festivals including Lollapalooza and Austin City Limits. 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? By continuing past this page, you agree to our terms of use. Ticketmaster's market capitalization has significantly grown since December 2022, when it was valued at $15.74 billion. The acquisition is scheduled to complete in Q3 (subject to customary closing conditions being satisfied). [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. [34], The face value of Ticketmaster tickets is determined by the artist or client. 1. Ticketmaster is a California-based ticket marketplace that allows individuals to buy and sell tickets for concerts, sports, theater and family events. Terms of Use. We use cookies to make our services work and collect analytics information. "[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. The employee data is based on information from people who have self-reported their past or current employments at Ticketmaster. Choose reports from a database of more than 10,000 reports. Live Nation Entertainment Revenue 2010-2022 | LYV | MacroTrends Yes, Ticketmaster is bringing its advanced digital ticketing technology to South Africa, with headquarters in Cape Town. You can change your cookie settings at any time. 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. View contact profiles from Ticketmaster Popular Searches Ticketmaster 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. Venue owners, concert organizers, and event organizers across the globe are selling VIP packages. [46], In May 1994, the grunge band Pearl Jam filed a complaint with the U.S. Department of Justice claiming Ticketmaster had cut the group out of venue bookings in a dispute over fees. This, in turn, is increasing discretionary spending on entertainment and leisure services. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. In addition to the required payment, Ticketmaster signed a consent agreement to ensure its advertising policies abide by Canadian law. Ticketmaster has had 2 exits. Ticketmaster peak revenue was $16.7B in 2022. Compared with the previous year, the company reported a Turnover decrease of -162.25%, which is an equivalent of 12.6 million. Annual return made up to 13 November 2015 with full list of shareholders Statement of capital on 2015-11-23 Ticketmaster is funded by Upfront Ventures. The table below includes Ticketmaster employees throughout the year from 2010 to 2022. TICKETMASTER UK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity . India is a lucrative market for movie-ticketing service providers as new movie releases result in long queues at theaters for advanced bookings. ticketmaster.com is ranked #1 in the eCommerce & Shopping > Tickets category and #317 Globally according to March 2023 data.
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