The Mexican live entertainment and events empire Corporación Interamericana de Entretenimiento (CIE) has publicly confirmed it has received official notice from the country’s competition regulator, COFECE, of an investigation to be carried out over concerns of possible monopolistic practices in the Live Entertainment production and promotion sector, among other entertainment industry related businesses.
This is the first time the regulator has probed this salient sector, where CIE dominates the pre-sale of tickets through their TicketMaster franchise, which charges a premium of up to 15% per ticket and, according to critics, operates as a virtual monopoly pushing out other ticket-booking outfits.
CIE has handed over the requested documentation, and has said it will cooperate fully with COFECE’s investigators. The agency is currently carrying out 25 simultaneous investigations, with this latest probe adding to a very active competition season.
Full Content: Dinero en Imagen
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Subscribers Defend $4.7 Billion Antitrust Verdict Against NFL in Court Filings
Jul 19, 2024 by
CPI
Von der Leyen Calls for Competition Policy to Boost EU Companies’ Growth
Jul 19, 2024 by
CPI
Vermont AG Sues Pharmacy Benefit Managers Over Drug Prices
Jul 18, 2024 by
CPI
Australians Face Increased Stamp Prices Following ACCC Approval
Jul 18, 2024 by
CPI
Live Nation Seeks Dismissal of DOJ Antitrust Allegations
Jul 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI