Ticketmaster

Ticketmaster

Ticketmaster Entertainment, Inc. is an American ticket sales and distribution company based in West Hollywood, California, USA, with operations in many countries around the world. In 2010 it merged with Live Nation to become Live Nation Entertainment. As a primary ticket outlet, most US ticket sales for US venues are fulfilled at Ticketmaster's two main fulfillment centers located in Teays Valley, West Virginia, and Pharr, Texas. Typically, Ticketmaster's clients (promoters) control their events, and Ticketmaster acts as an agent, selling the tickets that the clients make available to them.

On 10 January 2008, Ticketmaster completed the acquisition of Paciolan Inc. after the deal was subject to months of litigation over the potential breach of antitrust laws. Paciolan is a developer of ticketing system applications and hosted ticketing systems. Ticketmaster sold Paciolan to Comcast-Spectator in 2010. In January 2009, Ticketmaster acquired a UK ticket exchange site, Getmein.com. Getmein is a ticket exchange site that allows sellers to list the tickets at whatever price they choose. It claims to have over 500,000 tickets listed at any one time.

On 10 February 2009, Ticketmaster and Live Nation, the largest concert promoter, officially announced their merger deal. After almost a year of review, the two companies merged on 25 January 2010, under the name Live Nation Entertainment (NYSE: LYV).

Read more about Ticketmaster:  Service Fees, Ticket Sales Market, Privacy, Issues and Hearings Regarding Anti-competitive Practices, Prominent Lawsuits, Key Staff