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UPDATED: The U.K.’s Competition and Markets Authority (CMA) has formally opened an investigation into Ticketmaster’s compliance with consumer protection law in relation to the sale of Oasis ...
Dynamic pricing is when ticket prices are increased on primary selling sites – such as Ticketmaster – based on demand. In the case of the recent Oasis ticket sales, customers queued for hours ...
Long the subject of consumer complaints, angst toward the two companies reached a crescendo in 2022 when Bruce Springsteen fans were confronted with so-called “dynamic pricing” that saw face ...
The dynamic pricing system used by Ticketmaster is something artists could choose to opt into, with artists such as Robert Smith of The Cure highlighting this in 2023. [132] On 5 September 2024 the UK Competition and Markets Authority (CMA) announced it was launching an investigation into Ticketmaster over Oasis concert ticket sales. The CMA ...
Ticketmaster was the subject of several controversies, such as anti-competition claims, deceitful relationships with scalpers, data breach, deceptive pricing, and dynamic pricing. [13] According to consumer organizations, Ticketmaster and Live Nation control over 70% of the primary ticketing and live event venues market. [14]
A statement from Oasis‘ management said: “Ticketmaster’s dynamic pricing model will not be applied to the forthcoming sale of tickets to Oasis concerts in North America.
Some Springsteen tickets have gone for as much as $5,000, but Ticketmaster claims that's the exception. Ticketmaster, Bruce Springsteen’s Manager Defend “Dynamic Pricing” Tickets [Updated ...
The complaint claims that the company has a monopoly on ticketing, and that it illegally uses its power to dominate the ticketing business and quash competition, and says the two companies, which ...