TicketsNow

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TicketsNow
TypeSubsidiary
IndustryOnline ticketing
Founded1999 (1999)
Headquarters,
OwnerLive Nation Entertainment
ParentTicketmaster Entertainment

TicketsNow, established in 1999 and based in Rolling Meadows, Illinois, United States, is a marketplace for event tickets.

History[edit]

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[edit]

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[edit]

References[edit]

  1. ^ "2004 Inc. 5000 List". Inc. inc.com. Retrieved 10 October 2014.
  2. ^ "2006 Inc. 5000 List". Inc.com. Inc. Retrieved 10 October 2014.
  3. ^ "TicketMaster Buys Online Scalper TicketsNow For $265 Million". techcrunch. 15 January 2008. Retrieved 1 August 2020.
  4. ^ http://www.newswire.ca/en/releases/archive/February2009/23/c3133.html
  5. ^ Knapton, Sarah (Feb 5, 2009). "Bruce Springsteen 'furious' at Ticketmaster". Telegraph. Telegraph. Retrieved Aug 24, 2018.

External links[edit]