The parent company behind the new iPic Theater in the River Oaks District has sued two of the biggest movie theater companies in the U.S., alleging anticompetitive practices in Houston and Dallas.
In Harris County District Court on November 17, Florida-based iPic-Gold Class Entertainment and iPic Texas LLC filed an application for a temporary restraining order and temporary injunction against Tennessee-based Regal Entertainment Group and Kansas-based AMC Entertainment Holdings and related companies.
According to court documents, iPic alleges AMC and Regal have used “their market power to squeeze out iPic’s new theater in Houston and planned theater in Dallas.” iPic alleges the the defendants “threatened film studios with an illegal boycott,” which “forces studios to choose between playing films in defendants’ theaters or iPic’s theaters, despite their preference to play the films at all locations. Defendants’ dominant market power ensures that studios must choose them over iPic, and a number of studios already have succumbed to these demands,” iPic claims.
Full content: Courthouse News Service
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI