ticketmaster annual revenue

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. In 2022, Ticketmaster reported an incredible success, with revenue of $12.3 billion - a staggering increase from the $6.3 billion reported in 2021. Get our 2-minute email updates that we send to 1,000s of people. 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. North American . 2023 Live Nation Worldwide, Inc. All rights reserved. [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. To make the Ticketmaster weekly e-shot more relevant to the recipient, it is distributed to over 9 million subscribers and divided by location. Over 20,000 tickets may be processed in real-time per minute across all of our sales platforms thanks to the Ticketmaster system. You've rejected analytics cookies. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Ticketmaster's funding is not shown to the public. The cookie is used to store the user consent for the cookies in the category "Other. His tactics have earned him some foes, but even critics admit he has transformed the industry. Their most recent investment was on Sep 12, 2008, when Active Network raised $92.3M. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. [35] Some economists and activist groups have claimed that high ticket prices are due to a lack of competition within the music industry. Global Online Event Ticketing Market Size Report, 2025. This cookie is used to recognize the visitors using live chat at different times inorder to optimize the chat-box functionality. The band said they were protesting Ticketmaster's ticket fees, while Ticketmaster argued that the band was taking revenue from venues and promoters. [32], The company reported nearly 500 million tickets sold for 400,000 events in 2018. Of this revenue generated in 2022, over 2.2 billion U.S. dollars came from ticketing revenue and close to 13.5 billion U.S. dollars was generated through concerts. Get the full ticketmaster.com Analytics and market share drilldown here . Ticketmaster's revenue growth from 2010 to 2022 is 229.43%. Choose reports from a database of more than 10,000 reports. Ticketmaster employees are most likely to be members of the democratic party. The move enabled the company to build contracts with many well-known venues including the LA Forum. In 2022, Ticketmaster sold most tickets in the US, with 84.33% of the tickets. [35] In addition to the face value price, venues and Ticketmaster add fees to pay for their services. https://www.theticketingbusiness.com/2020/02/28/live-nation-reports-revenue-growth-2019-11-5bn/. 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. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 3.59%, resulting in a projected market volume of US$82.61bn by 2027. The first valuation was in 2009, at just under $1 billion. [7][8], In November 1993, Microsoft co-founder Paul Allen acquired an 80% stake for more than $325 million. The Northern Quarter of Manchester has served as the home of Ticketmaster's UK Contact Center and Fulfillment business for more than 14 years. For instance, they offer food at highly discounted prices at the event locations in a bid to remain competitive. The firm said much of its growth came through reduced customer acquisition costs across both primary and secondary ticketing and from increased secondary ticketing volume, notably the NFL and other sporting events. 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. Ticketmaster Help, "How are ticket prices and fees determined?". Ticketmaster is the world's largest ticket marketplace and the global market leader in live event ticketing products and services. However, prepaid smart cards are another emerging trend which reduces queue at vendor stands, provides entry, and simplified merchandise transactions. Supplemental Operational and Financial Information, First Quarter 2023 Live Nation Entertainment Earnings Conference Call. [129][130][131] In 2008, Ticketmaster entered into an agreement with the National Football League (NFL) to manage its resale market on NFL TicketExchange. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. Furthermore, the proliferation in technology is transforming the overall industry dynamics. [59] Economists characterize the secondary market in tickets as socially wasteful rent-seeking. The peak quarterly revenue was $6.2B in 2022(q3). Ticketmaster.com receives 115.9 million monthly unique visitors on average. [12] In 2003, IAC repurchased the remaining Ticketmaster stock that it had previously sold off. ticketmaster.com is ranked #1 in the eCommerce & Shopping > Tickets category and #317 Globally according to March 2023 data. [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. [28], Ticketmaster sells tickets that its clients make available to them. As of April 2018, the Department of Justice had not released comments on its investigation. Key Ticketmaster user stats. Live Nation has also reported an 8% increase in concert revenues in 2019, with its international fan count up by 11%. 29% of Ticketmaster employees are Hispanic or Latino. Booking for an event overseas in different countries uses different sites. [34], The face value of Ticketmaster tickets is determined by the artist or client. [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. Fans Say It's Their Hunger Games", "AOC demands Ticketmaster be dismantled after Taylor Swift ticket sale chaos", "Tennessee AG Investigating Antitrust Violations in Taylor Swift Ticket Presale", "Tennessee, North Carolina AGs Investigating Taylor Swift Ticket Presale", "Justice Department Said to Investigate Ticketmaster's Parent Company", "Taylor Swift slams 'outside entity' over ticket fiasco: 'I'm not going to make excuses for anyone', "Taylor Swift: 'Swifties' sue Ticketmaster over tour sale problems", "Hundreds of Tickets Canceled for Bad Bunny Concert in Mexico", "Final de la gira de Bad Bunny en Mxico opacada por boletaje falso; Ticketmaster ofrece reembolsos", "#AvisoImportante con respecto al concierto de @sanbenito (#BadBunny) en el @EstadioAzteca", "Ticketmaster deber reembolsar y dar 20% extra a fans de Bad Bunny afectados: Profeco", "Ticketmaster gets grilled: 6 takeaways from hearing over Taylor Swift concert fiasco", "Ticketmaster Plans to Blame Scalpers for Taylor Swift Debacle at Senate Hearing", "Taylor Swift concert fiasco leads to US Senate grilling for Ticketmaster", "Ticketmaster apologises for Taylor Swift tour sales fiasco", "DC organization protests against Ticketmaster and Live Nation outside US Capitol", "With Ticketmaster Lawsuit's First Hearing, Swifties Take to the Streets", "Zach Bryan drops surprise album 'All My Homies Hate Ticketmaster,' vows to combat high ticket prices", "Zach Bryan Wants to Burn Ticketmaster to the Ground", "Drake fans are the latest to hit Ticketmaster with a lawsuit following 'It's All A Blur' tour sale", "Ticketmaster facing lawsuit over Drake pricing now, too", "Drake fan files class-action lawsuit against Ticketmaster over inflated "Official Platinum" prices", "Eurovision 2023: Tickets for Liverpool sell out after huge demand", "Eurovision tickets website crashes moments before sale begins", "Eurovision final 2023 tickets sell out in 36 minutes", "Tickets: Eurovision Song Contest Grand Final - Live Show, Liverpool | Sat, 13 May 2023, 20:00 | Ticketmaster UK", "Eurovision tickets reselling for up to 12,000 as fans hunt for ways to attend contest", "Tickets for all 9 shows at this year's Eurovision Song Contest have now SOLD OUT", "Anger as fans say Coronation Concert ballot 'misleading', "Coronation Concert chaos after tickets sell out in minutes angering ballot holders", "Ticketmaster To Use Next-Generation Venue Software For The NFL", "Scottish Comic Beats Taylor Swift, Ed Sheeran in Ticketmaster UK Fan Vote For 'Ticket of the Year', "Ticketmaster Will Once Again Be the Official Ticketing Partner of SMG's UK Venues", "Taylor Swift announces massive 2018 'Reputation' tour", "Exclusive: Trans-Siberian Orchestra announces 20th-anniversary winter tour", "How to Buy Tickets to Broadway's Harry Potter and the Cursed Child Parts One and Two", "NFL, Ticketmaster renew partnership for at least $200M", "Guarding The Gates: NHL Signs Multiyear Extension Of Deal With Ticketmaster", "NBA Renews Ticketmaster Deal for Two Years", "StubHub Inks NFL Deal for Digital Tickets, Ticketmaster Integration", "New Tech Offerings This Year At The US Open", "Rogers Cup goes digital with Ticketmaster", "Wyndham Championship announces deal with Ticketmaster, new tier pricing", Scam Alert: Entertainment Rewards and Ticketmaster Consumerist, Hollywood Casino Amphitheatre (Maryland Heights, Missouri), Hollywood Casino Amphitheatre (Tinley Park, Illinois), TCU Amphitheater at White River State Park, https://en.wikipedia.org/w/index.php?title=Ticketmaster&oldid=1152102324, Entertainment companies based in California, Companies based in Los Angeles County, California, Entertainment companies established in 1976, CS1 Mexican Spanish-language sources (es-mx), Short description is different from Wikidata, Articles tagged with the inline citation overkill template from January 2023, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 April 2023, at 06:28. Irving Azoff, Ticketmaster CEO at the time, released an apology and stated that the TicketsNow link would no longer be shown for Springsteen's concerts. In 2010, it merged with Live Nation under the name Live Nation Entertainment.[2]. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. 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 None of the information on this page has been provided or approved by Ticketmaster. [16] And finally, in that same January, Ticketmaster acquired TicketsNow, a ticket reseller in the United States, for $265 million. Software developers are coming up with user-friendly interfaces and frequent updates to enhance user experience. Berchtold, despite apologizing for the debacle, denied accusations of monopoly and fraud, but accepted that "there are several things we could have done betterincluding staggering the sales over a longer period of time and doing a better job setting fan expectations for getting tickets" and continued to blame "industrial-scale ticket scalping" and "unprecedented number of bots" in Swift's tour debacle. [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. Ticketmaster, the global leader in live event ticketing, today announced a part acquisition of Thai Ticket Major (TTM), headquartered in Bangkok, Thailand. [23] Live Nation CEO Michael Rapino was named CEO of the new company. Our support available to help you 24 hours a day, five days a week. Rising consumer disposable income, especially in emerging countries, is expected to considerably contribute to market growth. In a single month, Ticketmaster normally makes close to $1.4B in revenue. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Ch Daniel is the co-founder of SignHouse and chairman of the CHGroup. online ticket marketplace where fans can buy and sell tickets to sports, concerts, and Show more Global Rank # 2,592 647 Country Rank # 527 109 United States Category Rank # 5 2 eCommerce & Shopping > Tickets (In United States) Connect this website Total Visits 23.0M Bounce Rate 53.10% Pages per Visit 3.29 Avg Visit Duration 00:02:42 Company TICKETMASTER UK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity . Live Nation Entertainment annual revenue for 2021 was $6.268B, a 236.8% increase from 2020. [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. Ticketmaster revenue is $16.7B annually. Ticketmaster Nederland is an Entertainment company located in The Hague, South Holland with $5.00 Million in revenue and 36 employees. [88] Several US lawmakers took notice of the issue. The cookies is used to store the user consent for the cookies in the category "Necessary". This is an essential cookie for the website live chat box to function properly. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. [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. ", In June 2018, Ticketmaster notified 40,000 U.K. customers that it had identified a hack caused by malicious software on a third-party customer support product it contracted. They give fans fair and safe access to some of the best seats in the house. Free trial, before you make a purchase decision. [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. 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. The word "Ticketmaster" was trending number one worldwide on various social media platforms such as Twitter and TikTok. The rapid growth of Internet users across the globe has provided bright prospects for e-marketers. 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 . Several companies have started using the Internet for cutting marketing costs to stay ahead in a highly competitive market. The VIP package includes various benefits, such as premium food and beverages, back stage access, preferred seats, and VIP rest rooms. India is a lucrative market for movie-ticketing service providers as new movie releases result in long queues at theaters for advanced bookings. 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. Since 1995, Ticketmaster has controlled more than 80% of the market for primary tickets to significant concerts. online dashboard trial. You've accepted analytics cookies. [132] Ticketmaster also works with wrestling promotions World Wrestling Entertainment (WWE) (1994) and All Elite Wrestling (AEW) (2019), In 2017, Ticketmaster announced it would open the TicketExchange platform to allow the sale and validation of tickets on third-party websites, including StubHub. [112] Prior to the ticket booking platform going live, many users complained that the Ticketmaster website had crashed with a 500 error. This website uses cookies to improve your experience while you navigate through the website. Tickets are sold through Ticketmaster at a rate of roughly 18 times per second, with a face value of $202 on average. He hasn't managed a company one-fifth Ticketmaster's size. BookMyShow, a prominent player in India, reportedly carries out over 35,000 transactions in a day and sells over 95,000 tickets in the country. [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. MEA is anticipated to witness considerable growth over the forecast period. Thousands of email sent out to people stating "Congratulations, you have been successful in the ballot for a pair of standing tickets". Now he's eyeing new realms", "Ticket Flap: What Price Convenience? 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. "[63] One month later, a group of customers filed a class action lawsuit against Ticketmaster. [102][103] Live Nation cited several letters of support within its testimony, including one from American country singer Garth Brooks. "[105], On December 26, 2022, American country singer Zach Bryan criticized Ticketmaster for his Burn Burn Burn tour (2023) and listed out non-transferrable tickets to stop scalpers. The increasing trend of using the Internet for bookings and reservations is expected to significantly bolster the market. See for yourself. After two rounds of ticket balloting remaining spare tickets were sent out to people who originally put their name down. [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. RFID tags are useful in multi day events, it includes customer information which is displayed at the time of security check. Its headquarters is located at Beverly Hills, California, USA. [122][128], Ticketmaster has been the ticketing provider for the National Football League (NFL), National Hockey League (NHL) and the National Basketball Association (NBA). Fiscal Year Ended Dec 31, 2022. As of February 2023, the company's market cap has grown to $18.23 billion; a 16% increase in just two months. 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. Your submission has been received! They also offered refunds for the full cost of the tickets. Ticketmaster was founded in Phoenix, Arizona in 1976[3] by college staffers Peter Gadwa and Albert Leffler, as well as businessman Gordon Gunn III. The number of employees ranges from 5.0K to 10K. 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. The company currently specializes in the Entertainment, Application Software, E-commerce areas. The employee data is based on information from people who have self-reported their past or current employments at Ticketmaster. [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. $3.2 Billion in Event-Related Deferred Revenue, Up 2x (vs Q2 2019) Fan Attendance at Operated Venues Grew 13% (vs Q2 2019) to Over 14 Million, with Almost 30 New Venues in Pipeline . What is the annual revenue of Ticketmaster Nederland? [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. We use cookies to make our services work and collect analytics information. The overall process has become easy, reliable, quick, and safe. Vendors are also focusing on providing combination deals to patrons. 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. Ticketmaster's clients include venues, artists and promoters. This cookie is set by GDPR Cookie Consent plugin. Prominent services providers are increasingly developing user-friendly apps for Android and iOS to facilitate hassle-free ticket purchases. We also use third-party cookies that help us analyze and understand how you use this website. The company stated that customers who bought tickets between February and June 2018 may have had data compromised. Stubhub 's estimated revenue per employee is $210,165 . Est. Complimentary 10 hours free analyst time for market review, 3. Although there are still limited tickets on Ticketmaster, seats are also available on verified resale sites, including StubHub, Vivid Seats,. Find out why thousands of people are moving to SignHouse for their digital signatures! Ticketmaster makes $45.7M in a day. Sports events contributed to over 30.0% of the overall online ticket sales in 2016 and the segment is expected to retain its position as a key revenue generator. [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. You can see that with each new investment, there has been more money rasied at Ticketmaster. Hubbard has never run a global business with 3,000 employees, 11,000 clients, and $1.2 billion in annual revenue. The cookie is used to store the user consent for the cookies in the category "Performance". All rights reserved. Ticketmaster has had 2 exits. A large media company with 6,678 employees and an annual revenue of $16.7B, Ticketmaster is headquartered in West Hollywood, CA. 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. Let's now look at the key data about Ticketmaster Entertainment! The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. Copyright 2023 Xperiology. [43][44], As of 2016, ticket resale was Ticketmaster's fastest growing business. //

Samantha Jacques Leaving, M98 Firecracker Vs M80, Lloyd's Baby Back Ribs In Air Fryer, Carbridge Cydia Source, Sam Hazen Wife, Articles T