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
Big Tech Braces for Potential Changes Under a Second Trump Presidency
Nov 6, 2024 by
CPI
Trump’s Potential Shift in US Antitrust Policy Raises Questions for Big Tech and Mergers
Nov 6, 2024 by
CPI
EU Set to Fine Apple in First Major Enforcement of Digital Markets Act
Nov 5, 2024 by
CPI
Six Indicted in Federal Bid-Rigging Schemes Involving Government IT Contracts
Nov 5, 2024 by
CPI
Ireland Secures First €3 Billion Apple Tax Payment, Boosting Exchequer Funds
Nov 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI