Chairman, Global Spectrum
POWER MOVE: Comcast-Spectator’s various units are firing on all cylinders with more than $4 billion in revenue and growth at its facility management and ticketing units.
THE RUNDOWN: “We have a mantra,” says Peter Luukko, president/COO of Philadelphia-based sports and entertainment giant Comcast-Spectacor. “‘How do we do more for you?'"
That approach has helped the combined entities of Comcast-Spectacor bring in more than $4 billion in annual revenue.
Luukko oversees a multifaceted firm that touches every portion of the music fan’s experience, from venue management and concessions to ticketing and sponsorships. It also owns the NHL’s Philadelphia Flyers and the city’s Wells Fargo Center, which ranked ninth on Billboard’s list of the top-grossing arenas of 2012.
“Power is your ability to integrate,” Luukko says, pointing to such like-minded companies as Live Nation and AEG. “It’s not as simple as being really good at one facet of the business.” Luukko is also chairman of Comcast-Spectacor subsidiary Global Spectrum, the fastest-growing business in public assembly facility management. It has a portfolio of around 120 arenas, stadiums and convention centers worldwide.
Its U.S. ticketing division gave the firm an advantage in the highly competitive business. Paciolan had its “greatest marketing success” last year serving more than 500 clients, selling between 100 million and 120 million tickets in the last year.