Ticketmaster’s controversial “dynamic pricing” model, which dramatically raises ticket prices in line with demand, is facing a backlash from European regulators after a string of complaints. oasis ticket prices. Both the European Commission, which represents the European Union, and the UK’s Competition and Markets Authority (CMA) said they were investigating whether they could ban or restrict the practice after fans complained about extortionate prices. Oasis reunion dates.
UK Prime Minister Keir Starmer called the practice “disheartening” and said the regulator was launching an “urgent review”. Similar failure Around Taylor Swift’s Eras Tour, British fans complained of website outages and hours-long queues that sometimes dragged on as they were mistaken for bots and kicked out.
Although dynamic pricing is currently legal, Dutch MEP Lara Wolters said The Guardian: that he will pursue new laws to protect European consumers. “The only winners in this situation are the big ticket platforms at the expense of fans who see their prices below the concerts,” he said. “This is not a system that seeks to maximize joy by filling the stadium with the artist’s biggest fans, but to maximize profit from music like any other product. As a music fan I find this soulless and want to put an end to it, so I’m glad to see the UK Government looking into this issue and I expect the new European Commission to follow suit so we can finally adopt : new rules against unfair tickets”.
Ticketmaster likens dynamic pricing to selling hotel rooms and selling airline tickets, and says prices are set by artists and management. The Guardian: reports. A CMA spokesperson said: “Consumer law requires businesses to be fair and transparent in their dealings with consumers, and businesses must provide clear and accurate information about the price people have to pay. Failure to do so may violate the law.” Many Oasis ticket buyers complained that the prices, many times the original cost, were not revealed until they reached the box office.
In late 2022, around the time Taylor Swift announced the Eras Tour, the European Union introduced: Digital Services Act regulate advertising by requiring resellers to provide proof of identity and contact information and publicly identify themselves. United States Department of Justice currently suing The owner of Ticketmaster Live Nation Entertainment, claiming that the company has a monopoly on the concert market.
