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'Dynamic pricing' by Ticketmaster faces European Commission scrutiny
The Guardian
|September 04, 2024
Ticketmaster's ability to raise the price of concert tickets based on demand is being investigated by the European Commission, the Guardian has learned, as the UK's competition watchdog launched an "urgent review" into the Oasis concerts fiasco.
The US-owned ticketing giant has been warned it may have breached laws in the UK and Europe for inflating the price of some Oasis tickets from £135 to £350.
Ticketmaster has compared its use of so-called "dynamic pricing" to airlines and hotels, which increase costs based on demand, and said it was artists and their management who set the prices.
The UK's Competition and Markets Authority (CMA) said yesterday it was "urgently reviewing" the use of dynamic pricing after Oasis fans criticised the "scandalous" inflation of ticket prices.
Denne historien er fra September 04, 2024-utgaven av The Guardian.
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FLERE HISTORIER FRA The Guardian
The Guardian
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1 mins
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1 min
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