Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Anonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services. Event Tickets - Worldwide | Statista Market Forecast Copyright 2023 Xperiology. 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 29% of Ticketmaster employees are Hispanic or Latino. 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. Yes, Ticketmaster is bringing its advanced digital ticketing technology to South Africa, with headquarters in Cape Town. [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. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Prominent sports events such as the National Football League (NFL), the FIFA World Cup, the Olympics Games, ICC Cricket World Cup, and the Premier League (PL) have a massive fan following. Funding $2.7M Acquisitions 5 News Latest News Dec 14, 2022 Pressbee The increasing trend of using the Internet for bookings and reservations is expected to significantly bolster the market. 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. [15] Also in January, Ticketmaster acquired the UK-based secondary ticket marketplace, Getmein.com. In a single month, Ticketmaster normally makes close to $1.4B in revenue. Stubhub: Revenue, Competitors, Alternatives - Growjo The movie ticketing segment is also characterized by a high degree of competition among service providers. It costs you nothing to try SignHouse! Find out why thousands of people are moving to SignHouse for their digital signatures! To make the Ticketmaster weekly e-shot more relevant to the recipient, it is distributed to over 9 million subscribers and divided by location. In 2022, Ticketmaster reported an incredible success, with revenue of $12.3 billion - a staggering increase from the $6.3 billion reported in 2021. 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 . Ticketmaster Nederland: Contact Details and Business Profile This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. The overall process has become easy, reliable, quick, and safe. Over 2 million tickets were sold on Ticketmaster for Taylor Swift's The Eras Tour, which was the most tickets ever sold for an artist in a single day. It entertains more than 1 billion digital visitors annually and offers over 500 million tickets through the website and official app! [59] Economists characterize the secondary market in tickets as socially wasteful rent-seeking. 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. The peak quarterly revenue was $6.2B in 2022(q3). Furthermore, it includes linked bank account which provide cashless transactions. Your submission has been received! TICKETMASTER ENTERTAINMENT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS Years Ended December 31, 2008 2007 2006 (In thousands, except per share data) Revenue 1,438,282 1,221,798 1,047,380 Interest on funds held for clients 16,243 18,679 15,292 Total revenue 1,454,525 1,240,477 1,062,672 You've rejected analytics cookies. [34], The face value of Ticketmaster tickets is determined by the artist or client. The number of employees ranges from 5.0K to 10K. [CDATA[ [113] Tickets for the contest's final sold out in 36 minutes, with the remaining available shows selling out around an hour later. Social media has positively impacted event marketing and promotions, as customers build communities and pages, and share their experiences worldwide. Annual Revenue $1.0-5.0B Agree? window.__mirage2 = {petok:"OIlyItzY6v9IlPgiuldRvuqrphTBo17ERGcGXSXaXi8-1800-0"}; 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. For additional information, TICKETMASTER SPORT LIMITED - UK.GlobalDatabase.com This is an essential cookie for the website live chat box to function properly. Mobile booking is perceived as a simpler task compared to traditional online booking via computers. Ticketmaster Overview | SignalHire Company Profile The audience of Ticketmaster.com is made up of 49.68% women and 50.32% men. 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). [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. This cookie is set by GDPR Cookie Consent plugin. Ticketmaster was founded in Phoenix, Arizona in 1976[3] by college staffers Peter Gadwa and Albert Leffler, as well as businessman Gordon Gunn III. Rosen drove investment into the company and led the switch to computerized ticketing. Event organizers across the globe are forming new ways to offer exclusive passes for catching attention of audiences growing appetite for customization. [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. Industry eCommerce & Shopping > Tickets. Launched in 2013, TheTicketingBusinessNews is owned and delivered by Xperiology the UK-based events, publishing and marketing agency dedicated to sports, arts and entertainment. "[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. Economists worried these laws would harm competition, but Moriarty expressed the need to reduce corrupt scalpers and counterfeit tickets. She concluded that she is taking the necessary measures to resolve the issue and resume the sale. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. 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. Complimentary 10 hours free analyst time for market review, 3. Choose reports from a database of more than 10,000 reports. [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." Ticketmaster covers numerous events in various industries. vividseats.com Market Share, Revenue and Traffic Analytics - SimilarWeb Ticketmaster has a revenue model that makes money in just one way; by collecting a percentage of all tickets sold on their platform. Ch Daniel is the co-founder of SignHouse and chairman of the CHGroup. Ticketmaster's clients include venues, artists and promoters. Vendors are also focusing on providing combination deals to patrons. "[40] In other words, "Ticketmaster is effectively paid to be a punching bag" for consumer frustration with opaque add-on fees, and then some of the fees find their way back to the artist or venue. [32], The company reported nearly 500 million tickets sold for 400,000 events in 2018. [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. Event-related deferred revenue was $3.5 billion as of March 31, 2022 compared to $1.5 billion as of March 31, 2021. Then, there's Canada with a share of 5.28% of all tickets. He hasn't managed a company one-fifth Ticketmaster's size. Many service providers offer loyalty programs to users to retain them for a longer period through their mobile platforms as well. At the moment, Ticketmaster dominates the market for ticketing and live events and is by far the industry leader. Ticketmaster is available on Google Chrome (download latest), Microsoft Edge (download latest), and Mozilla Firefox. The cookie is used to store the user consent for the cookies in the category "Performance". Media - Ticketmaster On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. 9% of Ticketmaster employees are Black or African American. . [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. [102][103] Live Nation cited several letters of support within its testimony, including one from American country singer Garth Brooks. Ticketmaster made $85 million in fees, from customers who took about eight months on average to cancel their enrollment in the program. Software developers are coming up with user-friendly interfaces and frequent updates to enhance user experience. Ticketmaster makes $45.7M in a day. Suppliers across the globe are opting for various measures to stay competitive in the emerging market. [93], Swift released a statement on November 18, 2022, via her Instagram story; she asserted that she is protective of her fans and wanted to assure a quality experience for them, but found it difficult to "trust an outside entity with these relationships and loyalties". Live Nation Entertainment annual revenue for 2021 was $6.268B, a 236.8% increase from 2020. Everybody starts on a free plan, and you can stick to it forever. [83], On November 15, 2022, the first day of pre-sale of tickets to verified fans for the US leg of the Eras Tour (2023) by American singer-songwriter Taylor Swift,[84] Ticketmaster's official website crashed following "historically unprecedented demand with millions showing up", halting the pre-sale. [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. 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. [25], In 2015, Ticketmaster acquired Front Gate Tickets, a music festival ticketing service that provided services for festivals including Lollapalooza and Austin City Limits. Although there are still limited tickets on Ticketmaster, seats are also available on verified resale sites, including StubHub, Vivid Seats,. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. The annual revenue of Ticketmaster varies between 1.0B and 5.0B. Overview Competitors Acquisitions News & Insights President Mark Yovich CEO Approval Rating 76/100 Weigh In 1976 Beverly Hills California Los Angeles Metropolitan Area Private Independent Company Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. [112] Prior to the ticket booking platform going live, many users complained that the Ticketmaster website had crashed with a 500 error. Please fill out the form below for a free PDF report sample & Prominent services providers are increasingly developing user-friendly apps for Android and iOS to facilitate hassle-free ticket purchases. Various media outlets reported that both the Democrat and Republican senators "grilled" Ticketmaster's representative, Joe Berchtold, the company's chief financial officer. Free business intelligence platform with subscription, 4. They also focus on forming tie-ups with banks and mobile wallet providers to lure customers into buying tickets from their portals. Free upgrade to enterprise license (allows to share across all company locations), 5. [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. This, in turn, is increasing discretionary spending on entertainment and leisure services. 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. Fans that either failed to verify their vaccination status or tested positive would be denied access to the event. Ticketmaster employees are most likely to be members of the democratic party. [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. Hey! Annual return made up to 13 November 2015 with full list of shareholders Statement of capital on 2015-11-23 HERE'S How Ticketmaster Makes Money [Full Business Model] - Wealthy Byte [28], Ticketmaster sells tickets that its clients make available to them. 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 use cookies to make our services work and collect analytics information. Looking at 2020, I am confident in Ticketmasters ability to extend that leadership position globally as we add more customers, ticket more events and expand our digital ticketing footprint.. New and enhanced programming alternatives is expected to expand the industrys customer base and increase patronage for exhibitors. [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. Digital projection combined with satellite delivery allows exhibitors to expand their product offerings, including the presentation of 3-D content and alternative entertainment. Their most recent investment was on Sep 12, 2008, when Active Network raised $92.3M. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Ticketmaster's revenue growth from 2010 to 2022 is 229.43%.
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