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Re: The future of television
The article didn't mention it - you did.
The difference is between reselling and clubbing together to agree/reduce the amounts bid for the sports rights (" reduce these potential costs both for the streamers") - two different things….
https://www.nibusinessinfo.co.uk/content/what-cartel
Quote:
What is a cartel?
Guide
A business cartel is a group of businesses working together to increase their profits. This includes:
Price fixing - two or more competing businesses directly or indirectly fixing prices.
Output quotas - limiting or preventing supply or production between competing businesses.
Market sharing - dividing up customers or prospective customers between competing businesses. This is where two or more businesses agree not to poach each other's customers or compete against each other in certain areas.
Bid rigging - an agreement between businesses as to whether or not to bid for certain tenders eg an agreement that one or more of them will not bid or that one will put in an falsely high price so another business can win the contract.
These agreements may be written or verbal and don't need to be formal for the law to apply. Cartels are illegal under both civil and criminal law.
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There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
Last edited by Hugh; 10-02-2024 at 17:30.
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