In May 2000, Ticketmaster Online-CitySearch acquired TicketWeb Inc., a ticket vendor that sold tickets online and over the phone. That same year, the company merged with CitySearch and was renamed Ticketmaster Online-CitySearch. In 1998, USA Networks Inc., later named InterActiveCorp (IAC), purchased a majority stake in Ticketmaster. In November 1993, Microsoft co-founder Paul Allen acquired an 80% stake for more than $325 million. Under Rosen, the company moved into publishing and set up a travel agency and acquired rival Ticketron in 1991, making it the market leader. By 1985 the company had operations in the U.S., Canada and Europe. Rosen drove investment into the company and led the switch to computerized ticketing.
The move enabled the company to build contracts with many well-known venues including the LA Forum. In 1982, Fred Rosen was appointed CEO of Ticketmaster and moved the company to Los Angeles to be closer to the live entertainment industry. Its first ticketed concert was Electric Light Orchestra, held at the University of New Mexico. The company originally licensed computer programs and sold hardware for ticketing systems. Ticketmaster was founded in Phoenix, Arizona in 1976 by college staffers Peter Gadwa and Albert Leffler, as well as businessman Gordon Gunn III. The company has faced scrutiny from the United States Department of Justice for retaliation against venues violating its 2010 10-year consent decree from the Live Nation merger, which has been extended an additional 5-years from 2020 through 2025. The fees from ticket sales can account for a large percentage of overall ticket costs and have received scrutiny from regulators, customers, and musicians for its fees. Ticketmaster charges a fee on tickets purchased and resold on the platform. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. Ticketmaster's clients include venues, artists and promoters. The company's ticket sales are fulfilled digitally or at its two main fulfillment centers located in Charleston, West Virginia, and Pharr, Texas for both primary and secondary markets. In 2010, it merged with Live Nation under the name Live Nation Entertainment. is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world.
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