What kind of business is Ticketmaster?

distribution company
U.S. Ticketmaster Entertainment, Inc. 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.

How does Ticketmaster make its money?

Ticketmaster generates its revenue by paying venues a specific percentage of service fees they collect for selling the ticket to the users who are interested to buy the same. Ticketmaster helps event organizers to sell tickets in the most accurate way compared to any other ticket-selling platform.

Is Ticketmaster a SaaS?

Resurrecting a 40-year-old tech company: Ticketmaster’s new experiential philosophy. Founded in 1976, the primary ticket selling platform is one of the oldest SaaS companies in the world and was widely regarded as a tech dinosaur.

Is Ticketmaster a CRM?

Ticketmaster’s season ticket sales application Archtics has integrated the first Customer Relationship Management (CRM)-based transaction and payment processing through sports and entertainment business management solutions, KORE Software.

What does Ticketmaster actually do?

Ticketmaster is the world’s largest ticket marketplace, and we partner with Event Organizers to make their tickets available through our marketplace, which includes websites, apps and Fan Support centers across 29 countries.

Who does Ticketmaster own?

Live Nation Entertainment
Ticketmaster/Parent organizations

How profitable is Ticketmaster?

Third-quarter revenue was about $154 million in 2020 compared to over $3 billion in 2019, with the company — which operates both Live Nation and Ticketmaster — reporting a $173 million loss for its concert business and a $142 million loss for ticketing.

What CRM does Ticketmaster use?

Using Salesforce, Ticketmaster can connect its customer data across its organization so it can meet customers’ expectations.

Why is Ticketmaster so terrible?

For all its clout, Ticketmaster has two major problems. Most obviously, it gouges ticket buyers. But less talked about is its lack of flexibility. With an old codebase, a huge customer roster, and a long-established way of doing things, Ticketmaster is notoriously slow to innovate.

What can Ticketmaster do for your business?

Personalize Ticketmaster’s marketplace and ticket management solutions to enhance the fan experience in your branded websites and native apps. Leverage Ticketmaster’s growing affiliate network, pricing tools and services, and self-service event creation and inventory management tools.

How long has Ticketmaster been around?

We’ve been building a community of fans, venues, event organizers and artists since 1976. Trusted ticketing and over 40 years of live entertainment innovation, backed by decades of industry knowledge. We were the first to sell tickets online and we haven’t stopped since.

How does targetticketmaster make money?

Ticketmaster makes money by paying venues a percentage of the service fees they collect on tickets sold to users. The fees vary based partially on how high the percentage of venue rebate is.

What is experienceleverage Ticketmaster?

Leverage Ticketmaster’s growing affiliate network, pricing tools and services, and self-service event creation and inventory management tools. Know every fan and patron that enters your building with Ticketmaster’s award-winning identity-based access control and fan engagement platform.