Business

No. 43: Jared Smith & Russell Wallach | Power 100

Jared Smith, President, Ticketmaster North America Russell Wallach, President, Media & Sponsorship, Live Nation

43

JARED SMITH, 38

President, Ticketmaster North America
Last Year's Rank: —

 

RUSSELL WALLACH, 50

President, Media & Sponsorship, Live Nation
Last Year's Rank: 44

Wallach had a big year at Live Nation: Sponsorship and advertising, which included ­marketing ­partnerships with Snapchat, Vice and Hilton hotels, was up 19 percent, to $274.9 ­million, through the third quarter of 2015. And even before Smith and Ticketmaster put tickets for Adele's tour on sale in December, ticketing revenue was up 9 percent, to $1.2 ­billion, through the third ­quarter, and primary ticket sales rose 4.7 percent, to 115.4 million. An antitrust lawsuit that fan ticket app Songkick brought against Ticketmaster and Live Nation in January 2016 ­generated headlines -- as did a critical report on ticket scalping issued weeks later by the New York attorney general -- but the developments have yet to affect Ticketmaster's bottom line.