The event was initially known as the Lipton International Players Championships. In 2000, there was a change of title sponsor and the event was renamed the Ericsson Open. In 2002, the event became known as the NASDAQ-100 Open. In 2007, the tournament was renamed the Sony Ericsson Open in a deal where the company will pay US$20 million over the next four years. It is sometimes called the Miami Masters.
In 2010, a record 300,000 visitors attended matches at the 12-day Sony Ericsson Open. The event is the world's fifth-largest tennis tournament