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European Commission Raided Companies Involved in Sports Broadcasting Rights Including Rupert Murdoch’s Fox

European Commission Raided Companies Involved in Sports Broadcasting Rights Including Rupert Murdoch’s Fox

The European Commission had raided companies involved in sports broadcasting rights Including a business unit of media mogul Rupert Murdoch’s 21st Century Fox.  The raid is part of an investigation into a possible cartel (maintaining high price) of the sports broadcasting in Europe.  Billions are spent to secure exclusive rights to sports broadcasting, which can attract millions and tens of millions of viewers, translating into subscription & advertising revenues.

” European Commission Raided Companies Involved in Sports Broadcasting Rights Including Rupert Murdoch’s Fox “

The European Commission had conducted unannounced inspections, in numerous companies including Fox Networks Group, 21st Century Fox.  The European Commission have concerns these companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices.

Sources: Reuters, BBC

 

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