Something went wrong while submitting the form. The majority of visitors are between the ages of 25 and 34. Congressman Bill Pascrel, who had previously petitioned US Attorney General Merrick Garland in support of "strong antitrust enforcement by the Biden Administration" and criticized the merger of Ticketmaster and Live Nation, stated that he attempted to purchase tickets but was placed on the waitlist. Ticketmaster's peak quarterly revenue was $6.2B in 2022(q3). 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. For additional information, India is a lucrative market for movie-ticketing service providers as new movie releases result in long queues at theaters for advanced bookings. . [58], Ticketmaster secretly partners with scalpers to drive up prices for consumers. Ticketmaster is registered under the ticker NASDAQ:TKTM . 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. Live Nation Entertainment annual revenue for 2022 was $16.681B, a 166.11% increase from 2021. Supplemental Operational and Financial Information. 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. This cookie is set by GDPR Cookie Consent plugin. [40] Utilizing such subterfuge to extract additional revenue from fans without arousing direct backlash towards themselves has become increasingly important for artists. The audience of Ticketmaster.com is made up of 49.68% women and 50.32% men. "[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. They also focus on forming tie-ups with banks and mobile wallet providers to lure customers into buying tickets from their portals. The average employee at Ticketmaster makes $36,195 per year. All venue types have strong show count growth, led by North America stadium and arena concerts.. [20], In February 2009, Ticketmaster entered into an agreement to merge with event promoter Live Nation to form Live Nation Entertainment. Free upgrade to enterprise license (allows to share across all company locations), 5. Ticketmaster.com receives 115.9 million monthly unique visitors on average. 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. (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. TICKETMASTER SPORT LIMITED - UK.GlobalDatabase.com [59] Economists characterize the secondary market in tickets as socially wasteful rent-seeking. They are re-designing their websites and developing mobile applications and enhanced online event ticketing software to offer a user-friendly booking experience. The world of eCommerce for entertainment will be connecting, in-person at our 11th annual TheTicketingBusiness Forum on 18-19 April in Manchester, UK. [45], In 2022, Ticketmaster was experimenting with a demand-based, dynamic pricing which would vary the ticket price based upon demand. Stubhub's estimated annual revenue is currently $232.2M per year. 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. Software developers are coming up with user-friendly interfaces and frequent updates to enhance user experience.