Our Story - Ticketmaster Business (2024)

FAQs

What is the Ticketmaster slogan? ›

Ticketmaster's slogan is “Let's make live happen,” and it lives up to the tagline.

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Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It promotes, operates and manages ticket sales for live entertainment internationally.

Live Nation Entertainment

Ticketmaster / Parent organization

Ticketmaster Mission Statement

Ticketmaster is a company built by fans, for fans. We're the #1 ticketing company in the world and we sell nearly 465 million tickets annually, support more than 145,000 events, and service 12K+ clients in 21 countries. It takes a lot of talent and cutting-edge technology to do all that.

Ticketmaster's success is rooted in strong partnerships, constant innovation and industry leadership. We work with clients worldwide, to connect them with their fans, helping to make more live memories, everyday.

Justice Department Sues Live Nation-Ticketmaster for Monopolizing Markets Across the Live Concert Industry. The Justice Department, along with 30 state and district attorneys general, filed a civil antitrust lawsuit against Live Nation Entertainment Inc.

The Better Online Ticket Sales Act, known as the BOTS Act, passed in 2016, made it illegal for ticket buyers to use bots to circumvent online ticket restrictions, or to sell tickets purchased using bots on the secondary market. It also gave the Federal Trade Commission authority to enforce the law.

All-in-all, Ticketmaster is a safe and secure site to purchase tickets, but scammers can take advantage of their legitimacy by impersonating them through phishing tactics or fraudulent websites. Remember, staying vigilant and cautious when dealing with online transactions is crucial in protecting yourself from scams.

What is an interesting fact about Ticketmaster? ›

Its first ticketed concert was Electric Light Orchestra, held at the University of New Mexico. In 1982, Fred Rosen was appointed CEO of Ticketmaster and moved the company to Los Angeles to be closer to the live entertainment industry.

Andrew Parsons

In this role, Andrew oversees the strategy for both UK and Ireland, and is responsible for the day–to–day operation of the UK, responsible for a staff of more than 500 based across offices in London, Manchester and Glasgow.

Michael Rapino was born in Thunder Bay, Ontario, to a Catholic-Italian family and earned a bachelor of business administration degree from Lakehead University in 1989. While attending Lakehead, Rapino promoted bands at local bars and signed his first artist, Jeff Healey.

Live Nation Entertainment, the concert giant that owns Ticketmaster, faces a fight that could reshape the multibillion-dollar live music industry. David McCabe reports on tech policy from Washington. Ben Sisario reports on the music industry from New York.

How does Ticketmaster make money? Ticketmaster and its parent company, Live Nation Entertainment, make money by charging customers a service charge, which can be as high as 75% or more of the base price of the ticket. 18 Those fees are split among the venues, promoters, artists, and Ticketmaster itself.

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Ticketmaster is the Official Ticket Marketplace for thousands of the world's biggest events, performers, teams and sports leagues including the NFL, NBA and NHL.

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Pearl Jam ended up canceling its summer tour in 1994. In response, Pearl Jam made a complaint in a May 6 memo to the Justice Department, accusing Ticketmaster of being a monopoly that uses its long-term contracts with venues to “cement control over the distribution of tickets to concerts.”