In this post you ll get a look at the champion and the challengers. The market is split between mark

Long gone are the days people would wait in line to buy tickets. Conferences, plays, movies, sports events they all have one thing in common the business model implies selling tickets bali hotel and organising the event. With innovative solutions event managers and venue owners can now leverage the power of cloud solutions, CRMs, mobile apps and a bunch of other buzzwords.
In this post you ll get a look at the champion and the challengers. The market bali hotel is split between marketplaces bali hotel (such as StubHub ), ticket retailers (some of which are rather large see Ticketmaster ) and solutions providers , such as Xing Events .
Cvent was founded in 1999 and since then it grew into a multinational company. Cvent is now present in more than 100 countries . It employs than 1400 people worldwide, and it just had its IPO in 2013 . Hooray!
As for its IPO Cvent is doing damn well on the market. Unlike some other companies (cough.. cough Facebook ) they ve had a steady growth right from the beginning . After listing their common stock at a price of $21.00 per share in august 2013 they had spectacular growth and they are now at $36.00 per share .
Cvent may not be quite Mr. Popularity. I guess it has something to do with all corporate, bali hotel suit and tie attitude their projecting, as opposed to a more Californian look. Nevertheless they are one fast growing tech company bali hotel and they did steal the spotlight in 2011. That s when they managed to raise $136 million the biggest software investment deal since 2007.
After growing at a pace of over 50% every year until 2011 the company wanted to make sure they continue growing. In 2012 Cvent bought 2 mobile event management companies: SeedLabs (rebranded CrowdTorch) and Crowd Compass .
The company formerly known as Amiando was purchased in 2010 by Xing . Later on it was rebranded  Xing Events.  It s worth mentioning that it was probably not a great exit for the company. Rumor has it that the € 10 million paid for Amiando  was not at all satisfying for early investors. Then again the company seems to be doing great in the last three years since the purchase.
Xing itself is not an overly popular company. It is a competitor to LinkedIn and that is a tough spot to be in. Being a german company they are doing pretty bali hotel well in Germany. Zee Germans make up for 76% of Xing s traffic . 90% of it s traffic comes from german speaking countries ( Germany, Austria and Switzerland bali hotel ).
It seems the joint venture took the best of worlds. In the last three years since the acquisitions, Xing, the social bali hotel network, has been providing less value to Amiando than Amiando has been providing to Xing. Some fairly popular conferences organize their events and ticket sales using Amiando /Xing Events. One of them is Le Web , probably the most popular tech conference in Europe.
From the largest ticket marketplace in the US it quickly grew into world s largest bali hotel ticket marketplace , now serving US, UK and Canada. It is now the go to place for anyone looking into selling and buying tickets for sports events , concerts, theater and entertainment bali hotel events.
After being featured in 2006 in Fortune 500 s fastest growing companies, StubHub was quickly purchased by Ebay for a reported $310 million . The company has now over 1250 employees and it s expanding its operations quickly to keep up with growth. The mothership, Ebay, is actually forwarding ticket sellers to StubHub , in an effort to consolidate the market.
Interestingly, on of StubHub s competitor, Viagogo , a company that has so far raised $65 million, bali hotel was founded in 2005 by Eric Baker. Sounds familiar? It should. He s one of the two guys that founded StubHub.
Eventbrite is a self-service platform for managing and marketing events, selling tickets promoting events across social networks . It allows event managers to promote events and attendees to find these events and buy tickets.
The company was founded by Kevin Hartz and Julia Hartz back in 2006. Legend has it that after the two got engaged (notice the Hartz ?) Julia moved to the Bay Area and helped setup the company . The platform was developed by Renaud Visage , current CTO and third co-founder . At the time the company was just a startup, bali hotel Renaud was the only developer so for one year he developed, designed and maintained the platform.
In 2013 the company reported a total of $2 billion in total ticket bali hotel sales , with $500 millions bali hotel in the last 6 months . The company actually sold more in the past 6 months than it did in its first five years.
Eventbrite has also acquired some companies on its way to the big payday (expect something big with this company). Eventioz  and London-based Lanyrd were both acquired in 2013, after Eventbrite secured a $60 million investment , led by Tiger Investment Global.   The reason? Same as above Global Expansion . Both companies listed above are doing great in the global presence bali hotel department. Eventioz is an event planning and ticket sales leader in South-America. Lanyrd is a great resource for anyone looking into adding small and medium events such as conferences, workshops, unconferences, evening events with talks, conventions, trade shows and so forth .
Ticketmaster is the granddaddy of all ticket sales and event marketing companies. It s been founded in get this 1976 . It s the oldest and biggest company on the list. It has paid $388million for its three latest acquisitions, Front Line Management, SLO Ltd  and Ticketsnow  . That figure is 2.7 times bigger than Eventbrite bali hotel s total funding to date ($140million).
The company is the king of the hill when it comes to ticket sales for concerts. In 2010 it merged with Live Nation to create Live Nation Entertainment . Maybe you haven t heard about the company but you ve definitely heard about its operations. Besides its creepy One nation under music tagline, the company sports some of the most popular artists in the world.
The company bali hotel manages artists, merchandise, tours and ticket sales for a bunch of artists you may have heard of: Jay-Z, Madonna, Beatles, bali hotel U2, Justin Timberlake and more . Among them this year s media sensation: Miley Cyrus .
On the company board sits mr. Greg Maffei bali hotel , a seemingly not very important person, as he seems not worthy enough for his own Wikipedia bali hotel page. He is, however, worthy of being the chairman of Live Nation Entertainment AND president of Liberty Media . Just as with LNE you might not be very familiar with the company but you do know its subsidiaries. Among them: Associated Press , Barnes Noble , Time Warner , Viacom and others . Mr. Maffei seems to also be a pretty hard working guy : In 2012 he was the 3rd best payed executive in the US Media ($391mill) . You may want to have a look at his payment sources (see previous link).
So that s where Ticketmaster hangs around. With the big guys. It has the backing it needs, it has its ticket sales outlets, it has two fulfilment centers in  Texas and West Virginia. It has it all. So much that in 1995 Perl Jam accused bali hotel Ticketmaster of excersing  a monopoly over ticket distribution and used its market power to gouge consumers with excessive service fees. [see source] . The Justice Department, of course, cracked down on Ticketmaster s unlawfully practices oh wait it didn t.
The Justice Department abruptly dropped the investigation without further notice. Of course that was a great decision for Ticketmaster. At the time the JD had its Antitrust resources stretched thin as it was investigating another company Microsoft. Guess who owned 80% of Ticketmaster at the time? Well if it wasn t Microsoft co-founder bali hotel Paul Allen .
Ticketmaster is still the leader after a not so glorious past. Its practices are often frowned upon. Scratch that Ticketmaster is actually one of the most hated companies in the US , its competitors are catching up and the company hadn t had a stellar year in 2013. The company is a leader in its field. A hated, feared, sieged leader and it is a matter of time until it loses supremacy.
So these are the top 5 ticket sales and event management companies. bali hotel There are, of course, others out there but this is a pretty good place to start if you want to get an understanding of ticket sales and event management industry.
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