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New Era Tickets history
New Era Tickets company history timeline
In 1920, his dream came true when he borrowed money from his sister, Rose to start New Era Cap Co.
Our first manufacturing plant was located in a rented back room on Genesee St, Buffalo, NY until 1932
In 1932, Ehrhardt’s son, Harold, joined him in the business.
The first New Era® professional baseball cap was produced in 1934 for the Cleveland Indians’ uniforms.
In 1972, Harold’s son, David, was named president - 14 years after he began working for the company.
In 1978, the two budding entrepreneurs developed a solution to the pr oblem.
Nevertheless, Ticketmaster, wit h its unique computer-based vending system, managed to increase its t icket sales to about $1 million annually by 1981.
Ticketmaster's fate was changed in 1982, when Chicago investor Jay Pr itzker purchased it.
In 1989, Ticketmaster made a loan and credit line guarantee valued at & #36;500,000 to two of the area's top promoters.
1991: Main rival Ticketron is acquired, giving the company mar ket dominance.
Ticketmaster sold a whopping 52 million tickets to entertainment and sporting events in 1994 and captured about $200 million in revenu es.
1998: Diller's USA Networks acquires the remainder of Ticketma ster; the online operations are spun off.
A lawsuit over Ticketmaster's alleged monopoly on ticket distribution reached the Supreme Court in 1999.
By the end of 2000, when the high-tech market had crashed, Ticketmast er Online-Citysearch's stock had gone from a high of more than $8 0 to less than $12 a share.
2001: The company buys back a controlling stake in Ticketmaste r Online-Citysearch, and the merged companies begin to operate as Tic ketmaster Corporation.
The company also formed a new unit in 2005 called TicketmasterA rts, dedicated specifically to ticketing and fundraising for arts org anizations.
The parent company had projected 2005 sales of $5.7 billion.
• In 2006 the company moved its corporate offices from Derby back to downtown Buffalo where it all started 86 years earlier.
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New Era Tickets competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Etix | 2000 | $48.1M | 200 | - |
| TicketWeb | 1995 | $1.2M | 750 | - |
| ShowClix | 2007 | $10.0M | 52 | - |
| eDriving | 1996 | $18.3M | 350 | - |
| Customer Lobby | 2007 | $55.0M | 30 | - |
| Gubagoo | 2012 | $35.0M | 341 | - |
| United Credit Union | 1935 | $10.0M | 42 | - |
| Vivid Seats | 2001 | $775.6M | 500 | 17 |
| American Safety Council | 1993 | $3.0M | 50 | - |
| US Search.com | 1994 | $300,000 | 6 | - |
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