The Nederlander Theatre Group: What They Own
If not, they could lose their biggest Broadway client and then may face the ultimate Broadway closing, obsolescence. Status Quo, For Nowįollowing the acquisition, Nederlander promised "a continued working relationship" with Ticketmaster for Broadway ticket sales, but they will likely replace Ticketmaster with their own TixTrack solution in due course.Īccording to industry sources, Ticketmaster is then expected to drop their commission rates to historic lows to hold on to the business. In August of 2022, the Nederlander Organization purchased TixTrack, a ticketing software company, for $22 million in cash.Ĭurrently Nederlander outsources all their Broadway theatre ticket sales to Ticketmaster, so the acquisition of TicTrack may spell the end of the Nederlander/Ticketmaster relationship. The Nederlander Group Acquires TixTrack and Puts Ticketmaster in Peril
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