ticketmaster annual revenue

52% of Ticketmaster employees are women, while 48% are men. Yes, Ticketmaster is bringing its advanced digital ticketing technology to South Africa, with headquarters in Cape Town. "[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. By keeping a price cap in place, you're really just driving the [resale] business into the shadows. [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. [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. The most common ethnicity at Ticketmaster is White (52%). [89] The Tennessee Attorney General, Jonathan Skrmetti, began an investigation into "consumer complaints about chaos during the presale of tickets" to the tour. [23] Live Nation CEO Michael Rapino was named CEO of the new company. Ticketmaster is registered under the ticker NASDAQ:TKTM . ticketmaster.com is ranked #1 in the eCommerce & Shopping > Tickets category and #317 Globally according to March 2023 data. 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. Alternative entertainment may include pre-recorded programs as well as live sports programs, concert events, the Metropolitan Opera, gaming events and other special presentations. Risk Factors" of the company's most recent Annual Report filed on Form . Market Data powered by QuoteMedia. By clicking Accept, you consent to the use of ALL the cookies. "[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. By continuing past this page, you agree to our terms of use. Ticketmaster is the world's largest ticket marketplace and the global market leader in live event ticketing products and services. This continued expansion in Asia . 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. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. Ticketmaster has a total of 62 apps, including 31 iOS apps, and 31 Android apps. Ticketmaster provides ticketing services in 31 countries and in 2019 delivered 115 million tickets internationally. Moreover, factors such as strong economic growth and prosperity, shift towards western oriented lifestyle, rising broadband penetration, and the launch of new age multiplexes, are expected to drive the market growth in countries, such as India and China, over the forecast period. [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. [43][44], As of 2016, ticket resale was Ticketmaster's fastest growing business. Ticketmaster has over 10 million Android app downloads. 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. This cookie is set by GDPR Cookie Consent plugin. The VIP package includes various benefits, such as premium food and beverages, back stage access, preferred seats, and VIP rest rooms. Annual return made up to 13 November 2015 with full list of shareholders Statement of capital on 2015-11-23 Includes data on revenue, valuation, investments, acquisitions, number of employees, and more. [26] The same year, the company acquired Universe, a DIY ticketing platform. The first valuation was in 2009, at just under $1 billion. [129][130][131] In 2008, Ticketmaster entered into an agreement with the National Football League (NFL) to manage its resale market on NFL TicketExchange. [28], Ticketmaster sells tickets that its clients make available to them. [4][5] The company originally licensed computer programs and sold hardware for ticketing systems. Tickets are sold through Ticketmaster at a rate of roughly 18 times per second, with a face value of $202 on average. 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 The peak quarterly revenue was $6.2B in 2022(q3). Earnings Webcast. [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. [7][8], In November 1993, Microsoft co-founder Paul Allen acquired an 80% stake for more than $325 million. Ticketmaster makes $45.7M in a day. It entertains more than 1 billion digital visitors annually and offers over 500 million tickets through the website and official app! The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Ticketmaster's revenue growth from 2010 to 2022 is 229.43%. [60][61] In the mid-2000s, Ticketmaster engaged in primary market auctions that reduced the rents involved in secondary market scalping however, Ticketmaster ended these primary market auctions, opting instead to enter into the secondary market. Then, there's Canada with a share of 5.28% of all tickets. Hubbard has never run a global business with 3,000 employees, 11,000 clients, and $1.2 billion in annual revenue. Their most recent investment was on Sep 12, 2008, when Active Network raised $92.3M. [118][119] The email also said "You will have until 12:00 on 27th April to claim your tickets. These cookies ensure basic functionalities and security features of the website, anonymously. Thank you! We value your investment and offer free customization with every report to fulfil your exact research needs. 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. 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. [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. There are Ticketmaster locations in Stoke-On-Trent, Manchester, Glasgow, and London.Ticketmaster sells tickets to approximately 70,000 events annually. Anonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. Michael Rapino, president and chief executive of Live Nation, said: Ticketmaster continues to lead the ticketing industry, both operationally and in digital ticketing. He hasn't managed a company one-fifth Ticketmaster's size. "[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. RT=Real-Time, EOD=End of Day, PD=Previous Day. [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. ", 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. It does not store any personal data. The overall process has become easy, reliable, quick, and safe. Ch Daniel is the co-founder of SignHouse and chairman of the CHGroup. For the three months ended March 31, 2022, net cash provided by operating activities was $1.2 billion and free cash flow adjusted was $89.1 million. Vendors are also focusing on providing combination deals to patrons. Event-related deferred revenue was $3.5 billion as of March 31, 2022 compared to $1.5 billion as of March 31, 2021. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. This cookie is set by GDPR Cookie Consent plugin. Various technological advancements have changed the way consumers buy services and products. In addition to the required payment, Ticketmaster signed a consent agreement to ensure its advertising policies abide by Canadian law. Additionally, offering seating preference to viewers, providing mobile tickets in the form of a barcode, and portraying a view of the screen/stage/ground from viewers preferred seat are some of the features offered to enhance customer experience and their position in the market. Rapino added: The strength of our business is continuing in 2020, with concert tickets sold through mid-February for 2020 shows up 10% to 38 million, and a pipeline of 4,700 confirmed arena, stadium and amphitheatre shows, up 30% from the same time last year. [29] In 2009, Ticketmaster released a digital ticketing system that required customers to prove their identity prior to purchase. [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. However, it does not generate profit the way many people believe! 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 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. . India is a lucrative market for movie-ticketing service providers as new movie releases result in long queues at theaters for advanced bookings. Rising consumer disposable income, especially in emerging countries, is expected to considerably contribute to market growth. Ticketmaster is a California-based ticket marketplace that allows individuals to buy and sell tickets for concerts, sports, theater and family events. To make the Ticketmaster weekly e-shot more relevant to the recipient, it is distributed to over 9 million subscribers and divided by location. 100%-off invitations: access paid products for $0, Statistics &Research for Tech Companies, Ticketmaster Revenue and Growth Statistics (2023). Prominent services providers are increasingly developing user-friendly apps for Android and iOS to facilitate hassle-free ticket purchases. In 2022, Ticketmaster sold most tickets in the US, with 84.33% of the tickets. Ticketmaster's peak revenue was $16.7B in 2022. Ticketmaster Nederland is an Entertainment company located in The Hague, South Holland with $5.00 Million in revenue and 36 employees. 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 . [7] By 1985 the company had operations in the U.S., Canada and Europe. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 100%-off invitations to access paid products for $0, value-packed emails + more. Over here, at SignHouse, we're producing more of what you just read. Ticket purchases through smartphones and tablets are expected to witness a CAGR of over 7.0% over the course of the forecast period. Addition or alteration to country, regional, and segment scope. Stubhub 's estimated revenue per employee is $210,165 . 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. Fans that either failed to verify their vaccination status or tested positive would be denied access to the event. Movies, music concerts, sports events, and stand-up comedy can be considered the backbone of the entertainment industry. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. [27] In 2018, Ticketmaster acquired UPGRADED, a company which converts physical tickets into digital ones, utilising blockchain. The company believed this would help circumvent brokers and scalpers. 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. Live Nation reports revenue growth in 2019 to $11.5bn - TheTicketingBusiness News 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. Its first ticketed concert was Electric Light Orchestra, held at the University of New Mexico. Supplemental Operational and Financial Information, First Quarter 2023 Live Nation Entertainment Earnings Conference Call. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. 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. Discounted price for multiple reports across domains, 2. North American . A significantly higher number of theaters and exhibitors have started accepting m-tickets and e-tickets to prevent wastage of paper. The U.S. Senate Judiciary Committee examined the merger with a hearing in January 2023. [35] In addition to the face value price, venues and Ticketmaster add fees to pay for their services. Ticketmaster Help, "How are ticket prices and fees determined?". 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. View contact profiles from Ticketmaster Popular Searches Ticketmaster 9% of Ticketmaster employees are Black or African American. https://www.theticketingbusiness.com/2020/02/28/live-nation-reports-revenue-growth-2019-11-5bn/. Get documents signed as fast (and simple) as possible. While offering preferred seating choices to patrons is usually an optional service for providers in the U.S., it is a basic necessity in markets such as India and China. The move enabled the company to build contracts with many well-known venues including the LA Forum. You also have the option to opt-out of these cookies. [62] Ticketmaster denied the allegations, saying it would examine its resale policies on TradeDesk, and that it "never allows ticket scalpers to buy tickets ahead of fans. Electronic signature software built specifically for you. [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. Market Data copyright 2023 QuoteMedia. Terms of Use. 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 average monthly active Ticketmaster users are 115,900,000. A large media company with 6,678 employees and an annual revenue of $16.7B, Ticketmaster is headquartered in West Hollywood, CA. Let's now look at the key data about Ticketmaster Entertainment! Key Ticketmaster user stats. 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. Employees 1.0-5.0K Agree? [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. Industry eCommerce & Shopping > Tickets. [41], Fee amounts vary between events and are dependent on the venue, available delivery methods, and preferences of the artist. 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. None of the information on this page has been provided or approved by Ticketmaster. After Smith expressed his outrage, Ticketmaster refunded a portion of the fees to the purchasers. Mobile booking is perceived as a simpler task compared to traditional online booking via computers. 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 Sponsorship. 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. On average, there are more mobile users than desktop users on Ticketmaster. 1.12 million customers were eligible to claim up to a $30 refund. This, in turn, is increasing discretionary spending on entertainment and leisure services. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. 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. In a single month, Ticketmaster normally makes close to $1.4B in revenue. Explore purchase options. To connect with Ticketmaster employee register on SignalHire. US congresswoman Alexandria Ocasio-Cortez tweeted that Ticketmaster is a monopoly and that it must be unmerged from Live Nation Entertainment. [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. Ticketmaster, which is owned by the entertainment giant, has seen operating income rise by 15% and AOI by 11%. "[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. You can change your cookie settings at any time. All rights reserved. The 2022 FIFA World Cup is scheduled to be staged in Qatar; this is likely to provide an impetus to service providers in the country. 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. The cookie is used to store the user consent for the cookies in the category "Performance". 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). 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.

American Flyer Train Set Worth, Galaxy Fold 3 Refurbished, What To Soak, Dry Cracked Hands In, Articles T