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Ticketmaste Uk
Ticketmaster to Face Probe by Competition and Markets Authority
UK watchdog expresses concerns about online ticket sales
Investigation to assess whether Ticketmaster is operating in a way that stifles competition
The Competition and Markets Authority (CMA) has announced that it will be conducting an investigation into Ticketmaster UK. The investigation will focus on whether Ticketmaster, which is owned by Live Nation Entertainment, has been operating in a way that has prevented or reduced competition in the online ticket sales market.
The investigation will also consider whether Ticketmaster has abused its dominant position in the market by setting unfair prices or making it difficult for other companies to compete.
The CMA's investigation is a result of a number of concerns that have been raised about Ticketmaster's practices. These include:
- High fees charged to customers for online ticket sales
- Lack of transparency about how tickets are allocated
- Exclusive deals with venues that prevent other companies from selling tickets for events
The CMA has the power to impose fines on companies that breach competition law. It could also require Ticketmaster to change its practices or sell off some of its business.
The CMA's investigation is likely to take several months. It is not yet known when the results of the investigation will be published.
In a statement, Ticketmaster said that it “welcomes the CMA's investigation and will cooperate fully.” The company also said that it is “confident that we have complied with all applicable laws and regulations.”