South Korea complained about Frozen 2 monopoly
In South Korea, the Walt Disney company was convicted of violating antitrust laws, due to the total dominance of the cartoon "Frozen 2" in the national box office. According to The Hollywood Reporter, the complaint was filed with the local prosecutor's office on behalf of the Public Welfare Committee, a non-governmental organization based in Seoul. The organization claims that Frozen 2 was shown on 88 percent of screens on release day for hire, which the complainants believe falls under a provision that defines any person or company with more than 50 percent stake as a “market dominant enterprise.” “Disney has attempted to monopolize screens and generate more profit in the short term by restricting consumer rights to choose from ", - the document says. Note that in South Korea the cartoon has shown impressive results, earning at the time of publication of this article more than $ 60 million with a population of only 51 million people. The sequel's top performers were only in North America and China - $ 287 and $ 90 million, respectively. Frozen 2 is likely to become Walt Disney's sixth billionaire in 2019. The Topic of Article: South Korea complained about Frozen 2 monopoly. |
