4 ms·

Ticketmaster has exclusive contracts with venues and usually owns the venues outright, so it doesn't matter where the money goes, it's all back into their coffe

Ticketmaster has exclusive contracts with venues and usually owns the venues outright, so it doesn't matter where the money goes, it's all back into their coffers. http://www.livenationentertainment.com http://www.livenationentertainment.com

chinathrow 10y ago
Indeed, look at their filings: https://www.sec.gov/Archives/edgar/data/1335258/000119312512075895/d277780d10k.htm https://www.sec.gov/Archives/edgar/data/1335258/000119312512... LOL: "Competition in the live entertainment industry is intense. We believe that we compete primarily on the basis of our ability to deliver quality music products, sell tickets and provide enhanced fan and artist experiences. We believe that our primary strengths include: [...] • ticketing software and services; [...] "
- treehau5 10y ago
  Wow what did they do in 2009 to 2010 to increase their customer database from 25 million to 96 million?
  - Bartweiss 10y ago
    Merged with Live Nation.
- Bartweiss 10y ago
  "Competition... is intense", hah. TicketMaster's big advantage is that competition between venues isn't intense. Smaller cities will generally only have 1-2 venues of a decently large size, especially if you require things like alcohol licenses and permission to stay open late at night. In any market where opening a new competitor was easy, someone would be fighting TicketMaster on prices and services. But since they deal in heavy venue lock-in, and opening new venues is essentially impossible (hi there, zoning laws), they get to gouge basically everyone involved.
dopamean 10y ago
> usually owns the venues outright Really? "Usually?" I don't believe that.
- Bartweiss 10y ago
  Usually is a bit strong, yeah. Here's their ownership map: http://www.livenationentertainment.com/map/venues http://www.livenationentertainment.com/map/venues They do have far more exclusive-license venues than that, though.
  - jarjoura 10y ago
    That map is only their large stadium sized venues. http://www.houseofblues.com http://www.houseofblues.com is one of the biggest conglomerates for small size venues, also owned by Live Nation.
    - dopamean 10y ago
      House of Blues was actually what I was thinking of when I commented. Again though... > one of the biggest conglomerates House of Blues is 10 locations in 9 states.
      - jarjoura 10y ago
        Hmmm, do you know of a larger small venue group that is owned by a single entity? (or more specially not owned by Live Nation and requires TicketMaster tickets)
        dopamean 10y ago
        "Biggest" and "conglomerate" make it sound like something that it is not. There may not be larger small venue groups but if someone told me that there was a large "conglomerate" operating in the small venue space I'd assume it was more than 10 venues.
    - Bartweiss 10y ago

chinathrow 10y ago

Indeed, look at their filings: https://www.sec.gov/Archives/edgar/data/1335258/000119312512075895/d277780d10k.htm https://www.sec.gov/Archives/edgar/data/1335258/000119312512... LOL: "Competition in the live entertainment industry is intense. We believe that we compete primarily on the basis of our ability to deliver quality music products, sell tickets and provide enhanced fan and artist experiences. We believe that our primary strengths include: [...] • ticketing software and services; [...] "

treehau5 10y ago
Wow what did they do in 2009 to 2010 to increase their customer database from 25 million to 96 million?
- Bartweiss 10y ago
  Merged with Live Nation.
Bartweiss 10y ago
"Competition... is intense", hah. TicketMaster's big advantage is that competition between venues isn't intense. Smaller cities will generally only have 1-2 venues of a decently large size, especially if you require things like alcohol licenses and permission to stay open late at night. In any market where opening a new competitor was easy, someone would be fighting TicketMaster on prices and services. But since they deal in heavy venue lock-in, and opening new venues is essentially impossible (hi there, zoning laws), they get to gouge basically everyone involved.

dopamean 10y ago

> usually owns the venues outright Really? "Usually?" I don't believe that.

Bartweiss 10y ago
Usually is a bit strong, yeah. Here's their ownership map: http://www.livenationentertainment.com/map/venues http://www.livenationentertainment.com/map/venues They do have far more exclusive-license venues than that, though.
- jarjoura 10y ago
  That map is only their large stadium sized venues. http://www.houseofblues.com http://www.houseofblues.com is one of the biggest conglomerates for small size venues, also owned by Live Nation.
  - dopamean 10y ago
    House of Blues was actually what I was thinking of when I commented. Again though... > one of the biggest conglomerates House of Blues is 10 locations in 9 states.
    - jarjoura 10y ago
      Hmmm, do you know of a larger small venue group that is owned by a single entity? (or more specially not owned by Live Nation and requires TicketMaster tickets)
      - dopamean 10y ago
        "Biggest" and "conglomerate" make it sound like something that it is not. There may not be larger small venue groups but if someone told me that there was a large "conglomerate" operating in the small venue space I'd assume it was more than 10 venues.
  - Bartweiss 10y ago