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2024-05-15 13:58:16

Ticketmaster

Ticketmaster: Ticket sales company
Ticketmaster: Ticket sales company
Ticketmaster, based in Beverly Hills, merged with Live Nation in 2010. It operates globally, with fulfillment centers in West Virginia and Texas. The company faces controversies over ticket fees and has been under scrutiny by regulators and the Department of Justice.
1976
Ticketmaster Founded
Ticketmaster was founded in 1976 by two Arizona State University staffers with the initial goal of selling hardware for ticketing systems, laying the foundation for its future ticketing services.
1977-01
Birth of Ticketmaster
In January 1977, Electronic Light Orchestra's tour became the highest-grossing tour of the year, marking the first sale by Ticketmaster, a company that would revolutionize the ticketing industry.
1978
Going Global
In 1978, Ticketmaster expanded beyond North America and launched its first overseas operations, marking a significant milestone in its global reach.
1981
Ticketmaster's Conquest of the Concert Business Under Burton Kanter
In 1981, Ticketmaster came under the control of Burton Kanter, a Chicago tax attorney with connections to various celebrities and underworld figures. Kanter recruited Fredric Rosen to operate the firm, who successfully took on Ticketron by forming exclusive alliances with rock concert promoters.
1982
Jay Pritzker purchases Ticketmaster
In 1982, investor Jay Pritzker, owner of Hyatt hotels, bought Ticketmaster for $4 million and appointed Fred Rosen as the CEO. Rosen focused on the concert industry and introduced innovative strategies to attract venues and promoters.
1988
Formation of the North American Concert Promoters Association (NACPA)
In 1988, 17 concert promoters founded the NACPA, which was later accused of colluding with Ticketmaster to fix service fees. The association aimed to centralize control in their respective territories by brokering exclusive contracts with Ticketmaster.
1990
Acquisition of Ticketron by Ticketmaster
In 1990, D.C. sports mogul Abe Pollin teamed up with Carlyle Group to buy Ticketron, with plans to revitalize it. However, Ticketron was eventually sold to Ticketmaster, marking a significant development in the concert business industry.
1991
Ticketmaster Acquires Old Giant
In 1991, Ticketmaster bought what remained of the old giant, marking a significant acquisition for the company.
1992
Moviefone vs Ticketmaster
In 1992, Moviefone launched a competing service with backing from a British company, only to later discover that the British company had conspired with Ticketmaster to sabotage their efforts. Despite Ticketmaster denying involvement, Moviefone eventually won a $22.7 million settlement in arbitration.
1993
Paul Allen Purchases Controlling Stake in Ticketmaster
In 1993, Paul Allen acquired a controlling stake in Ticketmaster for about $300 million, leading to a change in the company's fate.
1994-06-30
Hearing on Ticketmaster Practices
In June 1994, a hearing was held where witnesses described Ticketmaster as an all-powerful gatekeeper with exclusive contracts and high service charges. The hearing revealed how Ticketmaster controlled ticket prices and distribution, leading to allegations of restricting access to popular culture.
1995-07-05
Justice Department closes antitrust investigation into Ticketmaster
The Justice Department announced the closure of its antitrust investigation into Ticketmaster's contracting practices. The investigation was terminated, but the department stated it would continue to monitor developments in the ticketing industry.
1996-11
Ticketmaster sells first online ticket
In November 1996, Ticketmaster sold its first online ticket for a Seattle Mariners game. This marked the beginning of Ticketmaster's venture into e-commerce, redefining consumer convenience and opening up a new market.
1997-04-11
Supreme Court Dissolves Ticketmaster Monopoly
In April 11, 1997, the Supreme Court dissolved Ticketmaster's illegal monopoly, marking the third dissolution of a monopoly in modern history. This decision came after a series of legal battles and accusations of bribery.
1998-03
Ticketmaster's success in online ticket sales
By March 1998, Ticketmaster was processing 75,000 online ticket transactions daily and earning $7.5 million monthly. This success highlighted the significant impact of e-commerce on Ticketmaster's business.
1999
Ticketmaster Faces Lawsuit Over Monopoly Allegations
In 1999, Ticketmaster faced a lawsuit over alleged monopoly on ticket distribution, which reached the Supreme Court.
2000
Ticketmaster Sells Over 83 Million Tickets Worldwide
In 2000, Ticketmaster sold more than 83 million tickets worldwide, totaling $3.2 billion in sales for its clients.
2001
Ticketmaster Expands Internationally
In 2001, Ticketmaster continued to expand internationally, adopting its technology in various leading organizations.
2002
Ticketmaster Introduces Dynamic Pricing
In 2002, Ticketmaster explored 'dynamic pricing' to address issues caused by scalpers and to sell difficult seats more effectively.
2003
Class Action Lawsuit Against Ticketmaster
In 2003, a class action lawsuit was filed against Ticketmaster for not fully disclosing UPS and order processing fees added to tickets sold online. The case settlement in 2015 resulted in Ticketmaster issuing vouchers and discount codes to fans who purchased tickets online between 1999 and 2013.
2005
Ticketmaster Goes Defunct
In 2005, Ticketmaster went defunct after filing for bankruptcy two years earlier. This marked the end of the company's operations following a significant loss of wealth.
2006-09
Ticketmaster lobbied for laws limiting ticket resale market
In September 2006, Ticketmaster President Sean Moriarty disclosed to NPR that Ticketmaster had influenced several states to pass laws restricting the ticket resale market to authorized companies. Despite concerns from economists about potential negative impacts on competition, Moriarty emphasized the necessity of curbing corrupt scalpers and counterfeit tickets.
2007-02-10
Ticketmaster announces merger with Live Nation
On February 10, 2007, Ticketmaster announced the terms of its merger with Live Nation, a move that could significantly increase its market share in the concert business.
2008-01
Ticketmaster acquisitions of Paciolan Inc., Getmein.com, and TicketsNow
In January 2008, Ticketmaster made significant acquisitions, including Paciolan Inc., a developer of ticketing system applications, the UK-based secondary ticket marketplace Getmein.com, and the U.S.-based ticket reseller TicketsNow for $265 million. These acquisitions expanded Ticketmaster's presence in the ticketing industry.
2009-02
Ticketmaster merges with Live Nation to form Live Nation Entertainment
In February 2009, Ticketmaster and Live Nation agreed to merge, creating Live Nation Entertainment. The merger was approved by the U.S. Justice Department in January 2010, with conditions including the sale of Paciolan and software licensing to AEG. Live Nation CEO Michael Rapino assumed leadership of the new entity.
2010
Merger of Ticketmaster and Live Nation
In 2010, Ticketmaster merged with Live Nation under the name Live Nation Entertainment. This merger combined the ticket sales and distribution services of Ticketmaster with the live entertainment and event promotion capabilities of Live Nation.
2011
Introduction of dynamic ticket pricing by Ticketmaster
Ticketmaster introduced dynamic ticket pricing in 2011 to combat scalping and return lost revenue to the music industry, allowing prices to fluctuate based on market demand.
2013-05
Ticketmaster rewards program settlement
In May 2013, Ticketmaster agreed to a settlement of up to $23 million for enrolling customers in a rewards program that charged $9 per month. Customers took an average of eight months to cancel their enrollment, generating $85 million in fees for Ticketmaster. Approximately 1.12 million customers were eligible for refunds of up to $30.
2015
Ticketmaster acquires Front Gate Tickets and Universe
In 2015, Ticketmaster expanded its portfolio by acquiring Front Gate Tickets, a music festival ticketing service, and Universe, a DIY ticketing platform. These acquisitions strengthened Ticketmaster's presence in the live event ticketing industry.
2016-06
Ticketmaster Settlement for Wrongful Charges
In June 2016, Live Nation Entertainment agreed to a $45 million settlement with customers who were wrongfully charged for Ticketmaster tickets purchased between October 21, 1999, and February 27, 2013. The settlement offered closure to the customers without admitting any wrongdoing.
2017
Ticketmaster Lawsuit Against Scalpers
In 2017, Ticketmaster sued Prestige Entertainment and others for using online bots to buy event tickets, alleging a violation of copyright acts and anti-scalping laws. However, Prestige Entertainment retaliated by accusing Ticketmaster of the same crime.
2018-06
Ticketmaster Data Breach
In June 2018, Ticketmaster notified 40,000 U.K. customers of a hack due to malicious software on a third-party customer support product, potentially compromising data of customers who purchased tickets between February and June 2018.
2018-09
Ticketmaster accused of not enforcing ticket limit rules
In September 2018, the Toronto Star reported that Ticketmaster was allegedly not enforcing ticket limit rules on its resale platform, TradeDesk. Ticketmaster refuted the claims but stated it would review its resale policies. Subsequently, a class action lawsuit was filed against Ticketmaster by a group of customers.
2019-06
Ticketmaster Fine by Canada's Competition Bureau
In June 2019, Ticketmaster was fined $4.5 million by Canada's Competition Bureau for exceeding advertised costs by more than 20%. Ticketmaster also signed a consent agreement to ensure compliance with Canadian advertising laws.
2019-07
Live Nation's strategy to bypass primary market for ticket sales
In July 2019, a report by Billboard uncovered Live Nation's strategy, Ticketmaster's parent company, to circumvent the primary market by directly placing certain tickets on resale sites. This practice bypassed normal sales channels, preventing fans from purchasing tickets at face value.
2020-11
Ticketmaster announced COVID-19 vaccination status checks for ticket buyers
In November 2020, Ticketmaster revealed plans to check the COVID-19 vaccination status of ticket buyers before granting access to events in 2021.
2020-12
Ticketmaster Plea Agreement and Fine
In December 2020, Ticketmaster agreed to pay a $10 million fine after being charged with illegally accessing a competitor's computer systems. Ticketmaster used stolen information to gain a competitive advantage, leading to a plea agreement with federal prosecutors.
2021
Resumption of concerts post-COVID-19 pandemic
Concerts resumed in 2021 after a challenging period during the COVID-19 pandemic, with Ticketmaster implementing strategies like dynamic pricing to aid in the industry's recovery.
2022-11-15
Ticketmaster Website Crash During Taylor Swift's Eras Tour Pre-sale
On November 15, 2022, Ticketmaster's official website crashed due to unprecedented demand during the pre-sale of tickets for Taylor Swift's Eras Tour in the US. Millions of fans attempting to purchase tickets faced server issues, leading to a halt in the pre-sale.
2022-11-16
Rescheduling of Ticket Sales for Taylor Swift's Eras Tour
Following the website crash, Ticketmaster rescheduled the remaining ticket onsales, including the Capital One onsale, to November 16, 2022, due to technical issues experienced during the initial pre-sale.
2022-11-17
Ticketmaster cancels general sale for Eras Tour
Ticketmaster canceled the general sale for Taylor Swift's Eras Tour due to extraordinarily high demands and insufficient ticket inventory. Fans who couldn't secure tickets during previous sales were left disappointed by the announcement.
2022-11-18
Investigations Initiated Against Ticketmaster and Live Nation
On November 18, 2022, the federal Department of Justice began an investigation into Live Nation Entertainment and Ticketmaster following consumer complaints and investigations initiated by state Attorney Generals, including Tennessee and North Carolina, regarding consumer rights violations.
2022-11-22
Congress announces antitrust hearing after Eras Tour fiasco
Senators Amy Klobuchar and Mike Lee reveal that a U.S. Senate antitrust panel will conduct a hearing to address the lack of competition in the ticketing industry, particularly focusing on Ticketmaster. The decision follows Ticketmaster's website failure during the Eras Tour, highlighting issues like high fees and site disruptions.
2022-12-05
Taylor Swift fans sue Ticketmaster's parent company
More than two dozen Taylor Swift fans filed a lawsuit against Live Nation Entertainment, accusing them of violating state laws and engaging in anticompetitive practices by exclusively using Ticketmaster for ticket sales at inflated prices.
2022-12-09
Ticketmaster Controversy at Bad Bunny Concert in Mexico City
During Bad Bunny's first concert of his World's Hottest Tour in Mexico City, an unprecedented number of tickets were cancelled, leading to criticism towards Ticketmaster for confiscating and destroying tickets, causing inconvenience to attendees who were denied entry.
2022-12-12
Select Taylor Swift fans get a second chance at purchasing Eras tickets
Some Taylor Swift fans received emails offering them a second opportunity to purchase Eras tickets, bringing a positive development after the ticketing controversy.
2022-12-15
Ticketmaster has 170,000 remaining tickets to Eras Tour
Ticketmaster still has 170,000 tickets available for Taylor Swift's Eras Tour. The company plans to sell these tickets to fans who previously received emails in the next four weeks.
2022-12-26
Zach Bryan Criticizes Ticketmaster for Burn Burn Burn Tour
American country singer Zach Bryan criticized Ticketmaster for his Burn Burn Burn tour (2023) by implementing non-transferrable tickets to prevent scalping, later releasing a live album titled All My Homies Hate Ticketmaster.
2023-01-18
Senate sets date for Ticketmaster hearing
U.S. Senators have scheduled a Senate Judiciary Committee hearing to address the lack of competition in the ticketing industry. The hearing is set for January 24, 2023.
2023-01-24
United States Senate Committee Hearing on Ticketmaster and Live Nation Merger
A Senate judiciary committee hearing titled 'That's the Ticket: Promoting Competition and Protecting Consumers in Live Entertainment' was held to address dissatisfaction over the 2010 consent decree governing the merger of Ticketmaster and Live Nation. Ticketmaster's monopolistic practices and lack of transparency were questioned by senators.
2023-03-17
Taylor Swift hints at Ticketmaster fiasco during Eras Tour opening night
During the opening night of her Eras Tour in Glendale, California, Taylor Swift subtly alluded to the Ticketmaster issues. She expressed gratitude to the audience for their effort to attend the show.
2023-03-27
Taylor Swift fans first day in court
Taylor Swift fans had their first day in court as part of the Live Nation lawsuit, with some plaintiffs attending the hearing in L.A. to share their Ticketmaster experiences. The lawsuit aims to address the monopoly of Ticketmaster in ticket sales and hopes to bring down ticket prices.
2023-04-27
Coronation Concert Tickets Controversies
Ticketmaster faced criticism for the handling of tickets for the Coronation Concert of Charles III and Camilla. Many recipients of spare tickets were misled by an email, causing inconvenience and frustration.
2023-11-15
Taylor Swift's Eras Tour Ticketmaster Fiasco
The ticket-buying process for Taylor Swift's Eras Tour resulted in chaos, with fans facing issues such as Verified Fan codes not working and losing tickets during the checkout process.
2024-04
Antitrust Lawsuit Against Live Nation
In April 2024, The Wall Street Journal reported that the Justice Department planned to file an antitrust lawsuit against Live Nation. The lawsuit aimed to address concerns related to monopolistic practices and anticompetitive behavior in the live entertainment industry.
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