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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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U.K. Competition Regulator Launches 'In-Depth' Investigation Into Viagogo StubHub Merger
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billboard.comLONDON -- Viagogo’s $4 billion acquisition of StubHub faces further scrutiny after the U.K.’s competition watchdog opened an “in-depth investigation” into the merger.
The Competition and Markets Authority (CMA) announced on Thursday (June 25) that Viagogo has failed to address its concerns that the merger could result in a substantial lessening of competition, leading to music fans paying more for tickets.
As a result, the regulator has launched a "Phase 2" inquiry into the deal before deciding what, if any action, should be taken.
Phase 2 investigations by the CMA are conducted by an independent panel and can last up to 24 weeks (extended by up to eight weeks in special circumstances).
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