Canada's antitrust regulator wins case against Cineplex over alleged misleading ticket prices (updated)

Cineplex

24/09/2024 02:55

(Adds Cineplex's statement in paragraphs 3-4, background in
paragraph 5)
       Sept 23 (Reuters) - Canada's competition regulator on
Monday said the Competition Tribunal found that Cineplex
 CGX.TO  engaged in drip pricing by adding a mandatory $1.50
online booking fee.
    Cineplex was ordered to pay a penalty of nearly $39 million
dollars, the Competition Bureau said in a release. 
    The Canadian cinema chain said it will appeal the
competition tribunal's decision.
        "This ruling has no impact on the continuation of
offering this value-added service to consumers," Cineplex said
in a separate statement.
  
        The antitrust regulator had sued Cineplex in 
    2023
     for advertising movie tickets at a lower price than what
many consumers actually had to pay.
  

 (Reporting by Disha Mishra in Bengaluru; Editing by Rashmi
Aich)
 ((Disha.Mishra@thomsonreuters.com;))