Competition watchdog probes Ticketcorner merger
Thursday, February 16, 2017
Weko says the proposed merger of Starticket and CTS Eventim's Ticketcorner could create a monopoly in Switzerland
By Jon Chapple on 16 Feb 2017 --
The Swiss Competition Commission (Wettbewerbskommission, Weko) is to investigate the merger of the country’s leading ticket agencies, Ticketcorner and Starticket, over concerns the combined company would have a monopoly on ticketing in Switzerland.
Ticketcorner and Starticket, which between them control around 85% of the live entertainment ticket market, announced their intention to merge in November, with 75% of the shares in the new operation held by Ticketcorner’s parent companies, CTS Eventim and Ringier, and 25% by Starticket parent Tamedia.
“Following a preliminary examination,” says a statement from the commission, “Weko has found evidence of the creation or strengthening of a dominant market position, in particular in the distribution of tickets to third parties and software solutions offered to event promoters. For this reason, Weko will consider what consequences the proposed merger will have on competition.”
The commission adds its investigation will be concluded by 13 June.
Click here to view original article