London Skyline.
U.K. competition authority determines Viagogo s $4 billion deal to buy StubHub would substantially lessen competition in the secondary ticket market.
LONDON – U.K. regulators have ordered ticketing company Viagogo to offload its StubHub business outside of North America following an investigation into complaints of unfair competition.
Viagogo completed its $4 billion acquisition of fellow resale ticketing site StubHub from former owner eBay last February one month before the coronavirus pandemic brought the global live industry to a standstill.
Now the Competition and Markets Authority (CMA), a U.K. government watchdog, has ruled that the merger “will lead to a substantial reduction in competition” in the U.K. secondary ticketing business, where the two firms collectively represent over 90% of the market (split roughly 60% and 30% between Viagogo and StubHub, respectively).
From platform policy to hardware innovations, we re highlighting our top predictions for the connectivity and tech space for 2021.
Governments around the world are revising their approach to antitrust legislation with a focus on data protection and privacy.
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The mounting antitrust cases brought against Big Tech in 2020 have followed a relatively formulaic and old-school interpretation of anticompetitive behaviors. Governments around the world are revising their approach to antitrust legislation. Insider Intelligence
Currently claims in the FTC and states attorneys general cases focus on buy-copy-kill tactics to stifle competitors, self-preferencing products by gatekeeper platforms, and collusion through exclusionary contract
facilitate the licensing of rights in audiovisual works
to video-on-demand services
4. This is in
response to the lack of EU audio-visual works available on
video-on-demand (
VoD) platforms, despite the
growing popularity of on-demand services (such as Netflix and
Amazon Video). This is partly attributed to the fact that
agreements for online exploitation of such works can be difficult
to conclude due to certain territorial rightsholders not having
sufficient economic incentive to exploit a work online.
Consequently, Article 13 of the DSM Directive requires Member
States to put in place a mediator or neutral body to assist parties
to negotiate and reach contractual agreements related to the
European Lotteries unites with WoTA and ECA to target illegal gambling Share
European Casinos Association (ECA) have joined forces to fight illegal gambling in Europe.
All three bodies have welcomed the
European Commission’s Digital Services Act, which it intends to use to modernise the rules applicable to the online gambling environment.
The Act aims to introduce a notice-and-action mechanism that will enable all years to notify online authorities about possible illegal online content or activities, helping said authorities to react quickly and be more transparent in their actions.
EL is the umbrella organisation of all lotteries operating in European Union member states, the ECA represents all land-based and fully licensed European casinos and WoTA brings together tote operators from around the globe to represent the horse racing industry