TicketsNow
{{Short description|Online ticket retailer founded in 1992}}
{{Infobox company
| name = TicketsNow
| logo = Ticketsnow logo.png
| logo_alt = TicketsNow Logo
| type = Subsidiary
| industry = Online ticketing
| founded = {{Start date|1999}}
| hq_location_city = Rolling Meadows, Illinois
| hq_location_country = U.S
| 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
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.{{cite web|title=2004 Inc. 5000 List|url=http://www.inc.com/inc5000/list/2004|website=Inc.|publisher=inc.com|accessdate=10 October 2014}}{{cite web|title=2006 Inc. 5000 List|url=http://www.inc.com/inc5000/list/2006|website=Inc.com|publisher=Inc.|accessdate=10 October 2014}}
In February 2008, TicketsNow was acquired by Ticketmaster for $265 million and currently operates as a wholly owned, independently operated subsidiary.{{Cite web|last=|first=|date=15 January 2008|title=TicketMaster Buys Online Scalper TicketsNow For $265 Million|url=https://techcrunch.com/2008/01/15/ticketmaster-buys-online-scalper-ticketsnow-for-265-million/|access-date=1 August 2020|website=techcrunch}}
TicketsNow has a few major competitors. These competitors include StubHub, TicketNetwork, Seatgeek, Vivid Seats.
2009 Controversy
{{ details|Ticketmaster#Prominent lawsuits }}
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.{{Cite web |url=http://www.newswire.ca/en/releases/archive/February2009/23/c3133.html |title=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 |access-date=2010-04-12 |archive-date=2009-02-27 |archive-url=https://web.archive.org/web/20090227091623/http://www.newswire.ca/en/releases/archive/February2009/23/c3133.html |url-status=dead }} Springsteen and the E Street Band referred to the controversy as "a pure conflict of interest".{{cite web |url=https://www.telegraph.co.uk/news/celebritynews/4520960/Bruce-Springsteen-furious-at-Ticketmaster.html |title=Bruce Springsteen 'furious' at Ticketmaster |last=Knapton |first=Sarah |date=Feb 5, 2009 |website=Telegraph |access-date=Aug 24, 2018}}
See also
References
{{reflist}}
{{refbegin}}
- [https://web.archive.org/web/20090301143225/http://uk.reuters.com/article/mnaNewsConsumerGoodsAndRetail/idUKN2619813920090226 Ticketmaster CEO amenable to sale of TicketsNow, Reuters 26 Feb 2009]
- {{Cite web |url=http://news.com.com/Can+the+Net+make+ticket+scalping+legit/2100-1032_3-6079684.html |title=Can the Net make ticket scalping legit?, CNET 05 June 2006 |access-date=2007-07-26 |archive-date=2013-01-20 |archive-url=https://archive.today/20130120020034/http://news.com.com/Can+the+Net+make+ticket+scalping+legit/2100-1032_3-6079684.html |url-status=bot: unknown }}
- [http://business.theglobeandmail.com/servlet/story/RTGAM.20090403.wrticketmaster04/BNStory/Business/home Ticketmaster subpoenaed over reselling, Globe & Mail 3 Apr 2009]
{{refend}}
External links
- {{official website|http://www.ticketsnow.com/}}
{{DEFAULTSORT:TicketsNow}}
Category:Software companies based in Illinois
Category:Online retailers of the United States
Category:Ticket sales companies