Ticketmaster is one of the world’s largest ticket sales and distribution companies, serving clients in the entertainment, sports, arts, and live events industries. It is best known as a primary ticket outlet that sells tickets online and by phone. Ticketmaster is part of Live Nation Entertainment, the world’s largest live entertainment and ecommerce company.
Who owns Ticketmaster?
Ticketmaster is a subsidiary of Live Nation Entertainment, which was formed in 2010 after the merger of Live Nation and Ticketmaster. Live Nation Entertainment is the parent company that owns Ticketmaster.
What is Live Nation Entertainment?
Live Nation Entertainment is an American global entertainment company that was formed from the merger of Live Nation and Ticketmaster in 2010. Headquartered in Beverly Hills, California, Live Nation Entertainment owns Ticketmaster and is the world’s largest live entertainment company. It promotes, operates and manages ticket sales for live events on behalf of its clients across concerts, sports, arts and theater. Some key facts about Live Nation Entertainment:
- It is the world’s leading live entertainment company.
- Generated over $11 billion in revenue in 2019.
- Promotes over 40,000 live events annually for over 4,500 artists.
- Has operations in over 40 countries worldwide.
- Owns over 200 entertainment venues and festivals globally.
- Its businesses include Ticketmaster, Live Nation Concerts, and Live Nation Sponsorships.
What are the key businesses of Live Nation Entertainment?
Live Nation Entertainment operates through the following key businesses segments:
Ticketmaster
This is Live Nation’s primary ticketing operation that provides ticketing services for live events on behalf of clients. It sells tickets online and by phone through its websites and call centers. Ticketmaster serves over 12,000 clients worldwide across concert, sport, arts and theater events.
Live Nation Concerts
This segment involves promoting concerts and operating venues for events. Live Nation Concerts produces over 40,000 shows annually for more than 4,500 artists globally. It owns major venues like House of Blues and operates over 200 venues worldwide.
Live Nation Sponsorships
This division manages the sponsorship relationships between brands and live entertainment events and venues. It creates tailored partnership programs that cater to specific brands and connects them with events and artists that fit their marketing goals.
Live Nation Media and Advertising
This branch oversees the company’s media and advertising platforms that provide artists and venues with strategic services to market live events. It involves digital advertising, social media, apps, websites, and other online channels.
So in summary, Live Nation Entertainment is the parent company that fully owns and operates Ticketmaster. As the world’s largest live events company, it promotes thousands of events every year through its Ticketmaster platform and also owns major concert venues across the globe.
What other ticketing companies does Live Nation Entertainment own?
In addition to the Ticketmaster brand, Live Nation Entertainment also fully owns several other ticketing services and platforms through its Ticketmaster segment. These include:
- TicketWeb – An independently operated ticket outlet that allows venues to sell directly through their website.
- Universe – A self-service ticketing platform for venues.
- Ticketmaster Resale – A secondary ticket marketplace for resale of tickets.
- TM+ – A platform that enables simple ticketing integration.
- Ticketmaster Presence – A digital ticketing technology service.
So in total, Live Nation Entertainment owns over a dozen ticketing platforms and services globally in addition to its primary Ticketmaster website and call centers.
What are some major entertainment companies related to Live Nation Entertainment?
Some of the major entertainment companies related to or affiliated with Live Nation Entertainment include:
AXS
AXS is a digital marketing platform for ticketing events and entertainment founded by Anschutz Entertainment Group (AEG) and entertainment company AECom. It provides ticketing services to over 300 premier venues globally.
Anschutz Entertainment Group (AEG)
AEG is a sporting and music entertainment presenter that owns and operates a collection of venues, teams, and platforms worldwide. Some of its major assets include the Staples Center, LA Galaxy, Los Angeles Kings, LA Live entertainment complex, and stakes in the Los Angeles Lakers.
Dogstar
A music marketing company that promotes events and concerts. Live Nation Entertainment owns a controlling stake in Dogstar.
Cream Holdings Limited
Cream Holdings is an electronic dance music company that organizes festivals and events. Live Nation Entertainment acquired a majority stake in Cream Holdings Limited in 2019.
Academy Music Group
AMG owns and operates major music venues in the UK. Live Nation Entertainment bought AMG in 2018 and continues to operate the company independently.
So Live Nation collaborates or has ownership interests in various other players across the live entertainment, events management and ticketing industries. But its core ticketing business remains centered around the Ticketmaster brand and platform.
Conclusion
In summary:
- Ticketmaster is fully owned by Live Nation Entertainment, which was formed from the merger of Live Nation and Ticketmaster in 2010.
- As the world’s largest live entertainment company, Live Nation owns Ticketmaster and several other ticketing brands and services.
- Live Nation Entertainment promotes thousands of live events every year through Ticketmaster as its primary ticketing outlet.
- The company also owns major concert venues across North America, Europe, Asia and Australia.
- Live Nation has partnerships or ownership interests in various other players in the entertainment and events industries.
So Live Nation Entertainment is the parent enterprise that owns Ticketmaster outright as its primary ticketing platform. Ticketmaster continues to serve as the major ticketing service for Live Nation’s portfolio of concerts, venues and live entertainment events worldwide.
