UK Opens Probe Into Ticketmaster's Dynamic Pricing Over Oasis Ticket Sales

1 week ago

7 Highlights

  • The Competition and Markets Authority (CMA) in the UK has launched an investigation into Ticketmaster's pricing.

  • Fans faced ticket price increases up to £200 ($265) due to 'dynamic pricing' for Oasis's reunion tour.

    • Oasis stated they were unaware of dynamic pricing, a system that hikes ticket prices with increased demand.

    • The CMA will gather consumer evidence and engage with Ticketmaster on consumer protection compliance.

    • UK culture minister Lisa Nandy pledged to address inflated ticket prices and "rip-off resales."

    • The European Commission has also started an investigation into dynamic pricing practices.

    • Meanwhile, Oasis will hold additional shows and a ballot process for fans who missed out on tickets.

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