Ticketmaster is still known as Ticketmaster, operating as a key subsidiary of Live Nation Entertainment. While there was a significant merger between Ticketmaster and Live Nation in 2010, Ticketmaster retained its brand identity and continues to function as the ticketing arm under the larger Live Nation Entertainment umbrella.
The Relationship Between Ticketmaster and Live Nation Entertainment
In 2010, Live Nation, a major concert promoter, merged with Ticketmaster, the dominant ticketing service. This created Live Nation Entertainment, a global entertainment company that encompasses various aspects of the live music industry, from concert promotion and artist management to venue operation and, notably, ticketing through Ticketmaster. This strategic consolidation aimed to streamline operations and provide a more integrated experience for fans and artists alike.
Key Facts About Live Nation Entertainment
As the parent company, Live Nation Entertainment is a significant player in the global entertainment landscape. Below are some financial and operational highlights:
| Metric | Value (2023) |
|---|---|
| Total Assets | US$19.1 billion |
| Total Equity | US$–17 million |
| Number of Employees | 14,700 |
Note: Live Nation Entertainment was formerly known as Live Nation, Inc.
Live Nation Entertainment's Portfolio of Subsidiaries
Beyond Ticketmaster, Live Nation Entertainment manages a diverse portfolio of companies that cover various facets of the music and entertainment industry. This broad reach allows the company to manage events from conceptualization to ticketing and execution.
Its notable subsidiaries include:
- Live Nation Concerts: Focuses on promoting live music events globally.
- Front Line Management Group: Specializes in artist management, representing numerous well-known musicians.
- Live Nation Network: Engages in media and sponsorship opportunities.
- C3 Presents: Known for producing major music festivals like Lollapalooza and Austin City Limits.
- AC Entertainment: A premier concert promoter and festival producer.
- Live Nation Merchandise: Handles merchandise sales for artists and events.
- Live Nation Tero: Contributes to the company's various entertainment endeavors.
This integrated structure means that while Ticketmaster continues its role in ticketing, it is part of a much larger ecosystem that orchestrates a vast array of live entertainment experiences worldwide.
