For the international contemporary live music industry
LiveUK

Computicket loses appeal against $1.5 million fine

SOUTH AFRICA                 -
World News
November 4, 2019

ONE OF the world’s first computerised ticketing pioneers, Computicket, has lost its appeal against a 20 million rand ($1.5m) fine for allegedly abusing its dominance in the market.

Earlier this year, The Competition Tribunal found that Computicket “required or induced its customers not to deal with competitors” and the company’s exclusivity contracts had increased significantly following its takeover by local supermarket chain Shoprite in 2005.

The Tribunal notes that the company “enjoyed a near monopoly position at the time it introduced the three-year version of the exclusive contracts in 2005”.

According to Fin24, the appeal court ruled on 23 October that the penalty should stand, upholding the findings of a nine-year Competition Tribunal investigation into the company.

Other Stories

Saudi influence ‘will help boost regional business’

June 4, 2020
VETERAN REGIONAL figure Thomas Oversen, now working with Saudi Arabian government-owned Diriyah Gate Development Authority (DGDA), believes the county’s growing interest in live entertainment will…
Read more

CTS Eventim suffers dramatic Q1 hit

June 4, 2020
PAN-EUROPE ticketing giant and promoter CTS Eventim reports a 34.7 per cent fall in first quarter (Q1) 2020 group revenue to €184.6 million ($203.2m), as…
Read more