TicketsNow
TicketsNow, established in 1999 and based in Rolling Meadows, Illinois, is a marketplace for event tickets.
 | |
| Type | Subsidiary |
|---|---|
| Industry | Online ticketing |
| Founded | 1999 |
| Headquarters | , |
| Owner | Live Nation Entertainment |
| Parent | Ticketmaster Entertainment |
History
TicketsNow was named in 2004 and 2006 to the Inc. 500, which includes the top 10% of the published Inc. 5000 index of the fastest-growing privately held companies in the U.S. TicketsNow is a founding member of the National Association of Ticket Brokers (NATB), which promotes ethics in the secondary ticketing marketplace.[1][2]
In February 2008, TicketsNow was acquired by Ticketmaster for $265 million and currently operates as a wholly owned, independently operated subsidiary.[3]
TicketsNow has a few major competitors. These competitors include Stubhub, TicketNetwork, Seatgeek, Vivid Seats.
2009 Controversy
In 2009, suspicion arose when consumers attempting to purchase tickets to a Bruce Springsteen concert were instantly redirected from Ticketmaster.com to TicketsNow and saw the same tickets being sold at premium prices. As a ticket broker owned by Ticketmaster, rumors abounded that Ticketmaster conspired to divert buyers away from the main site at normal prices towards the broker site at inflated prices.[4] Springsteen and the E Street Band referred to the controversy as "a pure conflict of interest".[5]
See also
References
- "2004 Inc. 5000 List". Inc. inc.com. Retrieved 10 October 2014.
- "2006 Inc. 5000 List". Inc.com. Inc. Retrieved 10 October 2014.
- "TicketMaster Buys Online Scalper TicketsNow For $265 Million". techcrunch. 15 January 2008. Retrieved 1 August 2020.
- http://www.newswire.ca/en/releases/archive/February2009/23/c3133.html
- Knapton, Sarah (Feb 5, 2009). "Bruce Springsteen 'furious' at Ticketmaster". Telegraph. Telegraph. Retrieved Aug 24, 2018.