 | |
| Company type | Subsidiary |
|---|---|
| Industry | Online ticketing |
| Founded | 1999 |
| Headquarters | , |
| Owner | Live Nation Entertainment |
| Parent | Ticketmaster Entertainment |
TicketsNow was an online ticket retailer. It was founded in 1992 by Mike Domek and headquartered in Woodstock, Illinois.
Founded by Mike Domek in 1992, the company was originally known as VIP Tour Company before being rebranded as TicketsNow in 1999.
TicketsNow was named in 2004 and 2006 to the Inc. 500, which includes the top 10% of the published Inc. 5000 index of the fastest-growing privately held companies in the U.S. TicketsNow is a founding member of the National Association of Ticket Brokers (NATB), which promotes ethics in the secondary ticketing marketplace. [1] [2]
In February 2008, TicketsNow was acquired by Ticketmaster for $265 million and currently operates as a wholly owned, independently operated subsidiary. [3]
TicketsNow has a few major competitors. These competitors include StubHub, TicketNetwork, Seatgeek, Vivid Seats.
In 2009, suspicion arose when consumers attempting to purchase tickets to a Bruce Springsteen concert were instantly redirected from Ticketmaster.com to TicketsNow and saw the same tickets being sold at premium prices. As a ticket broker owned by Ticketmaster, rumors abounded that Ticketmaster conspired to divert buyers away from the main site at normal prices towards the broker site at inflated prices. [4] Springsteen and the E Street Band referred to the controversy as "a pure conflict of interest". [5]
Ticketmaster Entertainment, LLC is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world. In 2010, it merged with Live Nation under the name Live Nation Entertainment.
Ticket resale is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets. Tickets sold through secondary sources may be sold for less or more than their face value depending on demand, which tends to vary as the event date approaches. When the supply of tickets for a given event available through authorized ticket sellers is depleted, the event is considered "sold out," generally increasing the market value for any tickets on offer through secondary sellers. Ticket resale is common in both sporting and musical events.
Tour promoters are the individuals or companies responsible for organizing a live concert tour or special event performance. The tour promoter makes an offer of engagement to a particular artist, usually through the artist's agent or music manager. The promoter and agent then negotiate the live performance contract. The majority of live performance contracts are drawn up using the American Federation of Musicians (AFM) standard contract format known as the AFM Performance Agreement.
Live Nation is an American events promoter and venue operator based in Beverly Hills, California. Founded in 1996 by Robert F. X. Sillerman as SFX Entertainment, the company's business was built around consolidating concert promoters into a national entity to counter the oversized influence of ticket behemoth Ticketmaster. In 2000, the company was sold to Clear Channel Communications for $4.4 billion and operated as Clear Channel Entertainment until 2005, when it was spun off as Live Nation. In 2010, Live Nation merged with the ticketing firm Ticketmaster to form a larger conglomerate named Live Nation Entertainment.
StubHub is an American ticket exchange and resale company. It provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events. By 2015, it was the world's largest ticket marketplace. While the company does not currently disclose its financials, in 2015 it had over 16 million unique visitors and nearly 10 million live events per month.
Online ticket brokering is the resale of tickets through a web-based ticket brokering service. Prices on ticket brokering websites are determined by demand, availability, and the ticket reseller. Tickets sold through an online ticket brokering service may or may not be authorized by the official seller. Generally, the majority of trading on ticket brokering websites concerns itself with tickets to live entertainment events whereby the primary officially licensed seller's supply has been exhausted and the event has been declared "sold-out". This "sold-out" status increases the ticket's potential market value. Critics of the industry compare the resale of tickets online to ‘ticket touting’, ‘scalping’ or a variety of other terms for the unofficial sale of tickets directly outside the venue of an event.
The Working on a Dream Tour was a concert tour by Bruce Springsteen and the E Street Band, which began in April 2009 and ended in November 2009. It followed the late January 2009 release of the album Working on a Dream. This was the first full E Street Band tour without founding member Danny Federici, who died during the previous tour in 2008, and the final tour for founding member Clarence Clemons, who died in 2011.
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. It also owns and operates entertainment venues and manages the careers of music artists.
SeatGeek is a mobile-focused ticket platform that enables users to buy and sell tickets for live sports, concerts, and theater events. SeatGeek allows both mobile app and desktop users to browse events, view interactive color-coded seatmaps, complete purchases, and receive electronic or print tickets. Originally launched as an aggregator of listings on the secondary ticketing market, the company now operates as both a secondary marketplace and primary ticket outlet for sports teams and live event venues.
In Milgram v. Orbitz Worldwide, LLC, the New Jersey Superior Court held that online ticket resellers qualified for immunity under Section 230 of the Communications Decency Act (CDA), and that such immunity preempted a state law consumer fraud statute. The opinion clarified the court's test for determining whether a defendant is acting as a publisher, the applicability of the CDA to e-commerce sites, and the extent of control that an online intermediary may exercise over user content without becoming an "information content provider" under the CDA. The opinion was hailed by one observer as a "rare defeat for a consumer protection agency" and the "biggest defense win of the year" in CDA § 230 litigation.
TicketNetwork is an online marketplace that provides an outlet for buyers and sellers of tickets to live entertainment events. The company was founded in 2002 by ticket broker Don Vaccaro and software developer Doug Kruse. It operates several retail sites and partners with large name brand travel and media companies.
12-12-12: The Concert for Sandy Relief was a benefit concert that took place at Madison Square Garden in New York City on December 12, 2012.
AXS is an American ticket outlet for sports and entertainment events, founded in 2011 and owned by Anschutz Entertainment Group (AEG), the world's second largest entertainment promoter behind Live Nation Entertainment. AEG operate venues globally, as well as promote events under their AEG Presents banner, meaning these venues and promoted events typically use AXS as their primary ticket outlet.
The High Hopes Tour was a concert tour by Bruce Springsteen and the E Street Band with special guest guitarist Tom Morello of Rage Against the Machine. The tour was seen as a continuation of his previous tour and was in support of eighteenth studio album, High Hopes, which was released in January 2014.
Springsteen on Broadway is a concert residency by Bruce Springsteen held at the Walter Kerr Theatre and St. James Theatre in New York City. The original residency at the Walter Kerr Theatre consisted of Springsteen performing five shows a week, Tuesday through Saturday. Preview performances began on October 3, 2017, followed by the official opening on October 12, 2017. The run was originally expected to conclude on November 26, 2017; however, due to high demand for tickets and issues with scalpers, additional dates were added through June 30, 2018. The show was extended a second time on March 20, 2018, extending the run through December 15, 2018. On June 7, 2021, Springsteen announced a limited 31-show run of Springsteen on Broadway at the St. James Theatre beginning on June 26, 2021, with additional performances through September 4, 2021.
The Better Online Ticket Sales Act of 2016 was signed into federal law by President Barack Obama on December 14, 2016. This act was created to thwart attempts by individuals and organization to automate the process of purchasing tickets en masse using ticket bots. Later, these tickets are often resold on third-party sites for profit at a markup over face value, or at a loss. This activity is also referred to as ticket scalping. The BOTS Act outlawed the resale of tickets purchased using bot technology and set a fine of $16,000 for violations of the act, which is enforced by the U.S. Federal Trade Commission.
Michael Rapino is a Canadian-American businessman and the CEO and president of Live Nation Entertainment, Inc, which was formed in 2010 following the merger of Live Nation and Ticketmaster.
The Springsteen and E Street Band 2023 Tour is an ongoing concert tour by American singer Bruce Springsteen and his backing band the E Street Band. The tour began on February 1, 2023, in Tampa, Florida; it marks the first time since 2017 that Springsteen and the E Street Band have toured together. The tour is currently scheduled to conclude on July 3, 2025, in Milan. Due to band member illnesses and Springsteen suffering his own health issues, twenty-four dates of the tour were postponed and were rescheduled for 2024. Four dates in May and June 2024 were also postponed due to vocal issues suffered by Springsteen.
The American ticket sales platform Ticketmaster and its parent company Live Nation Entertainment were met with widespread public criticism and political scrutiny over blunders in selling tickets to the 2023 United States leg of the Eras Tour, the sixth concert tour by the singer-songwriter Taylor Swift, in November 2022. Media outlets described the demand for the Eras Tour's tickets as "astronomical", with 3.5 million people registering for the Ticketmaster's Verified Fan pre-sale program in the U.S.
United States, et al. v. Live Nation Entertainment, Inc. and Ticketmaster Entertainment, LLC is an antitrust lawsuit brought by the U.S. Department of Justice (DOJ) and twenty-nine states and Washington, D.C., against entertainment company Live Nation Entertainment and its subsidiary Ticketmaster, following the Taylor Swift–Ticketmaster controversy in 2022.
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