Sunday, 22 March 2015

CTS Evetim face competition enquiry but anti-trust claims against LNE dismissed

Germany's competition regulator is invetsigating CTS Eventim's dominant position in the market. Eventim has received a request for information from Bundeskartellamt (Federal Cartel Office) following the announcement of its recent joint venture with Netherlands-based Stage Entertainment. Eventim is also planning to acquire Arena Management, manager of the 19500 capacity Lanxess Arena in Cologne. CTS Eventim turnover was  E711 in last financial year and it own See Tickets, TicketsOne (Italy) and Ticketcomer (CH) as well as part owning FKP Scorpio which itself promotes numerous European festivals incuding Hurricane, Southside, Deichbrand, Highfield-Festival, Chiemsee Summer und M’era Luna Festival, Elbjazz, A Summer's Tale, die beiden Indoor Festivals, Metal Hammer Paradise und Rolling Stone Weekender in Germany:  NorthSide (Dänemark), Tinderbox (Dänemark), Getaway Rock Festival (Schweden), Bråvalla Festival (Schweden), Where's The Music? (Schweden), Provinssirock (Finl;and), Indian Summer Festival (Niederlande), Best Kept Secret (Niederlande) Greenfield Festival (CH).

In the USA, accusations that Live Nation Entertainment (LNE) violated federal and state anti-trust laws, interfered with contracts and used unfair competition tactics has been thrown out by a federal court in Maryland. The court dismissed all claims in a lawsuit filed in 2009 by promoter Seth Hurwitz’s companies It's My Party (IMP) and It's My Amphitheatre (IMA). 

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