TKTM Ticketmaster Entertainment, Inc. featured news, full reports, and detailed charts
Ticketmaster Entertainment, Inc. (TKTM) Wrap Up:
Unless the context otherwise requires, references to "Ticketmaster" or the "Company" include Ticketmaster (the company formerly known as Ticketmaster Online-Citysearch, Inc.; "TMCS") and Ticketmaster Group, Inc. ("TGI") and their predecessors, wholly-owned subsidiaries, majority-owned or controlled subsidiaries and ventures and their licensees. Ticketmaster as currently organized was formed in January 2001, pursuant to the consummation of the provisions of a contribution agreement, under which TMCS, the predecessor to Ticketmaster, acquired TGI's businesses from USA Networks, Inc. ("USA Networks") in exchange for 52,000,000 new shares of TMCS's Class B common stock (the "Combination"). As a result of the Combination, TGI and the former subsidiaries of Ticketmaster Corporation ("TM Corp") whose equity interests were contributed to TMCS became direct subsidiaries of TMCS and TM Corp became an indirect subsidiary of TMCS. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2002%2f04%2f01%2f0000912057-02-013057.html#FIS_BUSINESS"Ticketmaster Entertainment, Inc. (TKTM:NASDAQ)
Snapshot of Ticketmaster Entertainment, Inc. (TKTM)
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OPEN
$10.60
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PREVIOUS CLOSE
$10.69
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DAY HIGH
$10.95
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DAY LOW
$10.50
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52 WEEK HIGH
09/22/09 - $12.90
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52 WEEK LOW
11/26/08 - $3.33
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MARKET CAP
611.7M
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AVERAGE VOLUME 3 mo
213.2K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
57.4M
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TKTM Does Not Pay Dividends
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P/E TTM
NM
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related news
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Citing a threat to competition in tickets for live entertainment, British regulators have blocked the mega-merger pending concessions from the companies
Citing a threat to competition in tickets for live entertainment, British regulators have blocked the mega-merger pending concessions from the companies
In three-and-a-half years, the investment firm's quarterly stock picks have soundly beaten the S&P 500. Coca-Cola is part of the current lineup
related news
TKTM Top Compensated Officers
Executives, Board Directors
Key developments for Ticketmaster Entertainment, Inc. (TKTM)
Ticketmaster Entertainment, Inc. announced a new contract to provide ticketing and membership services for the Brisbane Lions AFC. The multi-year agreement with Ticketmaster will provide several critical elements of ticketing for the Brisbane Lions and their fans including: provision of daily ticketing for all Brisbane Lions matches held at the Gabba including Ticketfast(R) online ticket delivery; installation of upgraded venue entry and box office equipment to support all ticketed events and; introduction of Archtics(R) Customer Relationship Management (CRM) Software to enhance the Brisbane Lions Membership experience including readily accessible online member services.
Ticketmaster Entertainment, Inc. - Conference Presentation Calls
Ticketmaster Entertainment, Inc. reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues of $348.5 million, 3% higher than the prior-year quarter compared to $339.2 million. Adjusted EBITDA was $59.8 million compared to $57.3 million for the third quarter of 2008. The increase in Adjusted EBITDA was primarily a result of the Front Line acquisition. Excluding Front Line, Adjusted EBITDA was $40.2 million. Adjusted net income attributable to the company was $17.2 million or $0.29 per share compared to $9.6 million or $0.17 per share for the same quarter last year. Operating income was $21.2 million, earnings before income taxes and noncontrolling interests was $11.5 million, net income attributable to the company was $13.1 million or $0.22 per diluted share compared to operating income of $26.9 million, earnings before income taxes and noncontrolling interests of $23.1 million, net income attributable to the company of $9.6 million or $0.17 per diluted share, respectively reported for the same quarter last year. Free cash out flow was $5.0 million, compared to $54.2 million of free cash flow in the third quarter of 2008. The decrease in free cash flow was driven primarily by an increase in interest expense paid due to the semiannual interest payment on the Senior Notes in the third quarter of 2009 which was not paid in the prior-year period, an increase in contract deposit payments, and unfavorable changes in working capital. These decreases in free cash flow were partially offset by contributions from front line and lower income tax payments. For the nine months, the company reported net income attributable to the company of $27.2 million or $0.46 per diluted share on total revenue of $1,077.4 million compared to net income attributable to the company of $65.3 million or $1.16 per diluted share on total revenue of $1,070.6 million for the same period last year. Operating income was $61.5 million, earnings before income taxes and noncontrolling interests was $25 million, net cash provided by operating activities was $189.8 million and purchases of property and equipment was $36 million compared to operating income of $113.8 million, earnings before income taxes and noncontrolling interests of $107 million, net cash provided by operating activities of $200.8 million and purchases of property and equipment was $37 million, respectively reported for the same period last year.
TKTM Competitors
| Company | Last | Change |
| Genova Biotherapeutics Inc | $0.04 USD | +0.001 |
| Global Entertainment Corp | $0.30 USD | 0.00 |
| Paid Inc | $0.33 USD | -0.01 |
| Pro Travel Network Inc | $0.10 USD | 0.00 |
| YTB International Inc | $0.07 USD | -0.0021 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TKTM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.4x |
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| Price/Book | 3.0x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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TKTM |
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TKTM transactions
| Type Date |
Target |
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Merger/Acquisition
August 19, 2009 |
iLike, Inc. |
More Recent News About Ticketmaster Entertainment, Inc.
More news for TKTM
Deal costs lower Live Nation, Ticketmaster profits
LOS ANGELES (AP) -- Proposed merger partners Live Nation Inc. and Ticketmaster Entertainment Inc. both said Monday that their earnings were hurt by costs related to the deal, which is expected to drag into 2010 as regulators explore antitrust concerns. The companies are awaiting a U.S. Justice Department ruling on their plan to create a concert-promoting and ticketing giant. British authorities came out against the deal last month and plan to issue a final report by Jan. 19 that could force the companies to sell divisions or make other concessions.Live Nation said Monday that its net income fell by half to $69 million, or 78 cents per share. Better sales of concert tickets sent revenue up 14 percent to $1.81 billion.Ticketmaster's net income increased more than a third to $13 million. Revenue rose 3 percent to $349 million.Combined, the companies spent nearly $12 million in merger expenses in the quarter. Ticketmaster's legal fees and other deal costs cut 7 cents per share off its earnings, which came to 22 cents per share. Without the expense, its earnings would have beat analysts' average forecast of 25 cents, according to Thomson Reuters.Live Nation, which is based in Los Angeles, would have earned 87 cents per share without merger costs, above analysts' average forecast for earnings of the 80 cents per share, on $1.62 billion in revenue.Ticketmaster Chief Executive Irving Azoff said he is optimistic about the regulatory review, although the deal is not expected to close until the first quarter of next year. When the merger was announced in February, the companies expected to close it by the end of this year.Azoff told analysts on a conference call that regulators are "doing a very thorough job -- they gave us more questions today. It's not a process that has defined dates and deadlines."Live Nation C...Click here to read the whole Article (external link)
TicketsNow Celebrates the Season with a Show-Stopping FansChoice Poll and Amazing Cyber Monday Giveaway
ROLLING MEADOWS, Ill., Nov. 10 /PRNewswire/ -- With Thanksgiving just two weeks away and only 44 shopping days till Christmas, TicketsNow is getting into the holiday spirit by offering amazing deals in the new FansChoice poll and fantastic prizes in a spectacular multi-day giveaway that culminates with a Cyber Monday grand prize worth $1,000! The new TicketsNow FansChoice poll features three of the season's most-popular shows: Radio City Christmas Spectacular; Trans-Siberian Orchestra; and Nutcracker. To cast your vote for your favorite holiday show, simply go to TicketsNow.com and select the show you'd most like to see. If your holiday show captures the most votes, you'll have the opportunity to purchase tickets for 50% off the listed price! Even if your selected show doesn't receive ...Click here to read the whole Article (external link)
Live Nation, Ticketmaster profits hurt by merger costs
Live Nation Inc. and Ticketmaster Entertainment Inc. have reported third-quarter earnings that were impacted by costs related to the proposed merger of the two companies. Live Nation earned $69.2 million, or 78 cents a share, down more than 50 percent from last year's third-quarter earnings of $138 million, or $1.66 a share. Analyst estimates predicted a loss of 24 cents a share. Quarterly revenues in the quarter came in at $1.81 billion, up 14 percent from $1.59 billion a year ago. Better sales of concert tickets was cited as the key in the upturn in revenue. Ticketmaster saw an increase in third-quarter profits, earning $13.1 million, or 22 cents a share, up from $9.6 million, or 17 cents a share a year ago. Ticketmaster also topped analyst estimates, which called for earnings of 18 cents a share. Revenues came in at $347.9 million, up from $336.4 million a year ago. The two companies spent a combined $12 million on merger-related costs in the quarter. Ticketmaster knocked off 7 cents a share due to costs and Live Nation took 9 cents a share off of their earnings due to costs. Regulators continue to examine the deal, and the shareholders of the two companies will vote on the deal on Jan. 8, 2010. Through the first nine months, Los Angeles-based Live Nation (NYSE: LYV) has lost $60.7 million, or 74 cents a share, on revenues of $3.4 billion. Through the same period a year ago, the company had earned $100.1 million, or $1.31 a share, on revenues of $3.3 billion. West Hollywood-based Ticketmaster (NASDAQ: TKTM) has earned $27.2 million through the first nine months ...Click here to read the whole Article (external link)
NFL Ticket Exchange by Ticketmaster Ranks New England Patriots Vs. Indianapolis Colts #1 Most In-Demand Matchup on Week 10 "NFL Ticket Exchange Buzz Index"
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--The New England Patriots (6-2) travel to Indianapolis to face the unbeaten Colts (8-0) in a classic contest between two of the decade’s elite franchises. Behind quarterback Tom Brady, the Patriots have won three Super Bowls this decade, while quarterback Peyton Manning has guided the Colts to one Super Bowl win. Both quarterbacks have led their teams to mid-season division dominance this year, and look to establish their team as the squads to beat in the AFC. The Patriots/Colts matchup ranks #1 on the “NFL Ticket Exchange Buzz Index†for Week 10 according to the NFL Ticket Exchange by Ticketmaster.The Patriots defeated a division rival in Miami last week to provide some cushion in the AFC East, while the Colts dodged a bullet to win in Houston. Patriots head coach Bill Belichick will look to stall a Manning-led offense and to find holes in the increasingly aggressive defense of rookie head coach Jim Caldwell. The Colts defense has held up against tough teams during critical moments; but this Patriots team has won three straight on the strength of big plays by receivers Randy Moss and Wes Welker.WEEK 10 – TOP 5 MOST POPULAR NFL MATCHUPS BY DEMAND*According to the “NFL Ticket Exchange Buzz Indexâ€1. ...Click here to read the whole Article (external link)
NFL Ticket Exchange by Ticketmaster Ranks New England Patriots Vs. Indianapolis Colts #1 Most In-Demand Matchup on Week 10 "NFL Ticket Exchange Buzz Index"
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--The New England Patriots (6-2) travel to Indianapolis to face the unbeaten Colts (8-0) in a classic contest between two of the decade’s elite franchises. Behind quarterback Tom Brady, the Patriots have won three Super Bowls this decade, while quarterback Peyton Manning has guided the Colts to one Super Bowl win. Both quarterbacks have led their teams to mid-season division dominance this year, and look to establish their team as the squads to beat in the AFC. The Patriots/Colts matchup ranks #1 on the “NFL Ticket Exchange Buzz Index†for Week 10 according to the NFL Ticket Exchange by Ticketmaster.The Patriots defeated a division rival in Miami last week to provide some cushion in the AFC East, while the Colts dodged a bullet to win in Houston. Patriots head coach Bill Belichick will look to stall a Manning-led offense and to find holes in the increasingly aggressive defense of rookie head coach Jim Caldwell. The Colts defense has held up against tough teams during critical moments; but this Patriots team has won three straight on the strength of big plays by receivers Randy Moss and Wes Welker.WEEK 10 – TOP 5 MOST POPULAR NFL MATCHUPS BY DEMAND*According to the “NFL Ticket Exchange Buzz Indexâ€1. ...Click here to read the whole Article (external link)
TICKETMASTER ENTERTAINMENT, INC. Files SEC form 8-K/A, Results of Operations and Financial Condition, Other Events
ITEM 8.01. OTHER EVENTS See Item 2.02 above. Forward-Looking Statements This Current Report on Form 8-K may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include statements relating to the Company's anticipated financial performance, business prospects, new developments and similar matters, and/or statements that use words such as "anticipates," "estimates," "expects," "intends," "plans," "believes" and similar expressions. As such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that may cause actual performance or results to differ materially from those in the forward-looking statements, including those risks and uncertainties related to the Company's pending merger (the "Merger") with Live Nation, Inc. ("Live Nation"); the Company's ability to operate effectively as a public company following its recent spin-off from IAC; changes in economic conditions generally or in the live entertainment industry; the ability of the Company to retain existing clients and obtain new clients; Ticketmaster's ability to maintain Ticketmaster's brand recognition and attract and retain customers in a cost-effective manner; integration of historical and future acquisitions, including the Front Line acquisition; the Company's ability to expand successfully in international markets; changing customer requirements and industry standards; regulatory changes; and the other risks detailed from time to time in the Company's SEC reports, including the most recent reports on Forms 10-K, 10-Q and 8-K, each as it may be amended from time to time. The Company assumes no obligation to update these forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as re...Click here to read the whole Article (external link)
TICKETMASTER ENTERTAINMENT, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue348,526 355,056 373,816 383,974 Cost of Revenue205,589 220,807 232,560 241,625 Gross Profit142,937 134,249 141,256 142,349 Operating ExpensesResearch Development - - - - Selling General and Administrative89,968 84,291 88,498 86,991 Non Recurring - - - 1,094,091 Others31,798 34,936 27,458 29,232 Total Operating Expenses - - - - Operating Income or Loss21,171 15,022 25,300 (1,067,965)Income from Continuing OperationsTotal Other Income/Expenses Net4,836 4,457 450 (15,371)Earnings Before Interest And Taxes26,707 20,024 27,093 (1,082,725)Interest Expense15,243 15,419 18,156 8,476 Income Before Tax11,464 4,605 8,937 (1,091,201)Income Tax Expense2,193 1,520 4,201 (17,383)Minority Interest3,822 3,792 2,513 2,985 Net Income From Continuing Ops13,793 7,422 8,592 (1,070,833)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes ...Click here to read the whole Article (external link)
