REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Action on Stadium Manager's Request to Negotiate and Execute a Licensed User Agreement with Ticketmaster for Ticket Sales Services for Non-NFL Events at Levi's Stadium
Report
BOARD PILLAR
Ensure Compliance with Measure J and Manage Levi's Stadium
BACKGROUND
Ticketmaster L.L.C (Ticketmaster) is a ticket sales and distribution company that has provided exclusive ticket sales services for Levi's Stadium Non-NFL Events since 2014. On August 12, 2014, the Forty Niners Stadium Management Company LLC (Stadium Manager) and Ticketmaster entered into a Licensed User Agreement for an initial five-year term, from March 1, 2014 through February 28, 2019. The Licensed User Agreement allowed for the automatic renewal of one successive one year period after the initial term. Additionally, on February 21, 2018, the Stadium Manager and Ticketmaster entered into a Levi's Stadium Ticketing Term Sheet that provided terms of an amendment to the Licensed User Agreement for a five-year term from April 1, 2018 through March 31, 2023.
Through the original Licensed User Agreement and Levi's Stadium Ticketing Term Sheet, the Stadium Authority generates revenue from ticket platform fees per order, (e.g. a shopping cart that contains one or more tickets), for Non-NFL Events. The ticket platform fees have generated revenue for the Stadium Authority in the amount of $22,667,119 between Fiscal Years (FY) 2014/15 and 2023/24 and approximately $3,764,577 so far in FY 2024/25 (through the July 2, 2024 Non-NFL Event) in ticket platform fee revenue. This information is included in the Stadium Authority's quarterly financial status reports to the Stadium Authority Board.
The table below summarizes the Stadium Authority's ticket platform fee revenue by FY:
* No revenue was generated in FYs 2020/21 and 2021/21 due to the COVID-19 Pandemic.
** FY 2024/25 revenue is for Non-NFL Events that occurred between April 1-July 2, 2024.
The Stadium Manager...
Click here for full text