What is the Online Event Ticket Sales industry?
The industry is characterised by a high level of concentration with the two largest players, Ticketek and Ticketmaster, accounting for an estimated 73.0% of revenue. Market share concentration has declined marginally as falling barriers to entry and low capital requirements enable smaller new operators to enter the industry. Despite this, major players have continued to consolidate their operations and, due to their size, secure significant long-term contracts with sporting and entertainment venues and major promoters.
Noteworthy changes in the industry over the past five years include the merger of US-based Live Nation Entertainment with Ticketmaster's parent entity in 2010. After acquiring Moshtix in 2006, News Limited has now sold the business to the CEO of Moshtix... purchase to read more