In February 2009, Ticketmaster entered into an agreement to merge with event promoter Live Nation to form Live Nation Entertainment. Front Line CEO Irving Azoff became CEO of the new company, which was renamed Ticketmaster Entertainment. Later in 2008, Ticketmaster acquired Front Line Management, an artist management firm that worked with artists such as Aerosmith, Christina Aguilera and Jimmy Buffett. IAC spun off Ticketmaster as its own company in the summer of 2008. And finally, in that same January, Ticketmaster acquired TicketsNow, a ticket reseller in the United States, for $265 million. Also in January, Ticketmaster acquired the UK-based secondary ticket marketplace,. In January 2008, Ticketmaster acquired Paciolan Inc., a developer of ticketing system applications and hosted ticketing systems, after litigation over the potential breach of antitrust laws. Economists worried these laws would harm competition, but Moriarty expressed the need to reduce corrupt scalpers and counterfeit tickets. 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. In 2003, IAC repurchased the remaining Ticketmaster stock that it had previously sold off. In May 2000, Ticketmaster Online-CitySearch acquired TicketWeb Inc., a ticket vendor that sold tickets online and over the phone. That same year, the company merged with CitySearch and was renamed Ticketmaster Online-CitySearch. In 1998, USA Networks Inc., later named InterActiveCorp (IAC), purchased a majority stake in Ticketmaster. In November 1993, Microsoft co-founder Paul Allen acquired an 80% stake for more than $325 million. Under Rosen, the company moved into publishing and set up a travel agency and acquired rival Ticketron in 1991, making it the market leader. By 1985 the company had operations in the U.S., Canada and Europe. Rosen drove investment into the company and led the switch to computerized ticketing. The move enabled the company to build contracts with many well-known venues including the LA Forum. In 1982, Fred Rosen was appointed CEO of Ticketmaster and moved the company to Los Angeles to be closer to the live entertainment industry. Its first ticketed concert was Electric Light Orchestra, held at the University of New Mexico. The company originally licensed computer programs and sold hardware for ticketing systems. Ticketmaster was founded in Phoenix, Arizona in 1976 by college staffers Peter Gadwa and Albert Leffler, as well as businessman Gordon Gunn III. Senate Judiciary Committee examined the merger with a hearing in January 2023. The company has also faced scrutiny from the United States Department of Justice for retaliation against venues violating its 2010 10-year consent decree from the Live Nation merger, which has been extended an additional five years from 2020 through 2025.įollowing the widespread criticism of the company's handling of the pre-sale of Taylor Swift's The Eras Tour in November 2022, the Department of Justice began a formal investigation into Live Nation Entertainment on the grounds of monopoly, antitrust law and consumer rights violations. 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. The platform charges a fee on tickets purchased and resold on the platform. Ticketmaster is subject to numerous controversies and lawsuits, alleging violations of various laws. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. Ticketmaster's clients include venues, artists and promoters. The company's ticket sales are fulfilled digitally or at its two main fulfillment centers located in Charleston, West Virginia, and Pharr, Texas for both primary and secondary markets. In 2010, it merged with Live Nation under the name Live Nation Entertainment. is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world.
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