TicketsNow
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Online ticketing |
| Founded | 1999 |
| Headquarters | , |
| Owner | Live Nation Entertainment |
| Parent | Ticketmaster Entertainment |
TicketsNow was an online ticket retailer. It was founded in 1992 by Mike Domek and headquartered in Woodstock, Illinois.
History
[edit]Founded by Mike Domek in 1992, the company was originally known as VIP Tour Company before being rebranded as TicketsNow in 1999.
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]- ^ "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.
- ^ "CNW Group | SUTTS, STROSBERG LLP BARRISTERS & SOLICITORS | Class Action Lawsuit Commenced in Alberta Against Ticketmaster Entertainment, Inc., Ticketmaster Canada LTD., TNOW Entertainment Group, Inc. And Premium Inventory, Inc". Archived from the original on 2009-02-27. Retrieved 2010-04-12.
- ^ Knapton, Sarah (Feb 5, 2009). "Bruce Springsteen 'furious' at Ticketmaster". Telegraph. Retrieved Aug 24, 2018.
- Ticketmaster CEO amenable to sale of TicketsNow, Reuters 26 Feb 2009
- "Can the Net make ticket scalping legit?, CNET 05 June 2006". Archived from the original on 2013-01-20. Retrieved 2007-07-26.
{{cite web}}: CS1 maint: bot: original URL status unknown (link) - Ticketmaster subpoenaed over reselling, Globe & Mail 3 Apr 2009