Almost a quarter of a million documents have been examined by Ireland’s competition watchdog as its investigation into the secondary ticketing sector continues.
The Competition and Consumer Protection Commission (CCPC), according to the Irish Examiner, said that as well as the 235,000 items, there have been nine summons hearings with sworn evidence given since its probe was announced in January.
The CCPC began a formal investigation of “suspected breaches of competition law” in the ticketing of live events shortly after an outcry when U2 tickets were being offered at massively inflated prices on Seatwave just moments after the concerts were sold out through parent company Ticketmaster.
Almost nine months after the probe began, the watchdog said it was not in a position to say when it would be completed.
“The CCPC is currently conducting an in-depth analysis of the information gathered as well as continuing with witness summons hearings and contacting industry participants,” the body said, according to the Irish Examiner.
“By their nature, investigations such as these are complex, require the co-operation of companies, as well as in-depth analysis of the information gathered, and so the CCPC cannot provide a definite timeline as to the conclusion of this investigation at this stage.”
Image: U2start
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