Company Profile For Ticketmaster Entertainment, Inc.

Ticketmaster Entertainment, Inc. (TKTM.O) (Nasdaq)
sector: Cyclical Consumer Goods & Services · industry: Retail - Catalog & Internet Order ·
As of  27 Nov 2009
10.58USD
Price Change
-0.07
Percent Change
-0.66%
 
 
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Overview

Ticketmaster Entertainment, Inc. (Ticketmaster Entertainment) is a live entertainment ticketing and marketing company. As of December 31, 2008, the Company operated in approximately 20 countries worldwide, providing ticket sales, ticket resale services, marketing and distribution through www.ticketmaster.com, an e-commerce sites on the Internet, and related Internet and mobile channels, approximately 7,100 independent sales outlets and 17 call centers worldwide. The Company operates in two segments: Ticketing and Artist Services. In February 2008, the Company acquired GET ME IN! Ltd. On August 20, 2008, IAC/InterActiveCorp completed the spin-off of Ticketmaster Entertainment. On October 29, 2008, the Company acquired an additional equity interest in Front Line Management Group, Inc. (Front Line), there by increasing its interest from 39.4% to 82.3%. During the year ended December 31, 2008, the Company acquired Paciolan, Inc. and SLO Limited, Inc.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Ticketmaster Entertainment, Inc.'s revenues decreased less than 1% to $728.9M. Net income decreased 75% to $14.1M. Revenues reflect a decrease in interest on funds held for clients. Net income also reflects an increase in general & administrative expenses, higher amortization of intangible assets, an increase in depreciation expenses and lower interest income.

Company Address

Ticketmaster Entertainment, Inc.
8800 Sunset Blvd
West Hollywood   CA   90069
P: +1310.3603300

Total Employees

3900

Find Out More About TKTM.O

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