Ticketmaster Settles
Ticketmaster L.L.C., TNow Entertainment Group, Inc. and Ticketmaster Canada LP has agreed to pay $4.5 million dollars to settle the Competition Bureau’s case against them for misleading prices, according to a news release that was issued today by the bureau:
“As part of a consent agreement registered with the Competition Tribunal, the companies will also establish a compliance program to ensure their advertising complies with the law and will implement new procedures to prevent advertising issues in the future.”
The Bureau had concluded that Canadian consumers were paying 20% to 60% more than the advertised price due to fees, which were mandatory. And had decided to sue Ticketmaster and several other associated companies on January 25th, 2018 (PDF).
Universal EMI Merger Approved In Canada
The Competition Bureau approved the Universal and EMI merger proposal last Friday, with no objections.
The merger proposal has cleared regulators in Japan and New Zealand but is still under review in Europe and the United States, where decisions are expected in September.