Biletix Probed By Turkish Regulators

Turkish antitrust regulators are investigating leading ticket seller Biletix to determine whether it had agreements that restricted competition for sales of music and sporting events, according to Bloomberg.

The investigation is to establish whether Biletix negotiated exclusivity accords with customers in the soccer and concert ticket-sales market, the Ankara-based regulator said on its website Aug. 27.

Rekabet Kumuru, the Turkish competition authority, is looking into whether the company breached Law No. 4054 of the Protection of Competition, which prohibits agreements and practices that restrict competition.

Biletix, the country’s biggest ticket seller with about 90 percent of the contemporary music market, has been wholly owned by Ticketmaster since the U.S. company paid a reported $17 million for it in October 2006.

It wasn’t possible to get comment from Biletix at press time.