Fans Waited Hours Only to Find Tickets at Doubled Prices
- UK regulators investigate Ticketmaster’s dynamic pricing for Oasis reunion tour
- Fans waited over 10 hours only to find ticket prices doubled
- CMA probing potential unfair commercial practices
- Dynamic pricing used by companies during high demand periods
- Ticketmaster facing scrutiny in the US over ticketing monopoly concerns
The UK’s Competition and Markets Authority (CMA) is investigating Ticketmaster over its use of dynamic pricing for the Oasis reunion tour, following complaints from fans who waited hours to find tickets priced at more than double their original value. The CMA will gather evidence from various sources, including the band’s management and event organizers. Dynamic pricing is used by some companies during periods of high demand, such as Uber’s surge pricing. Ticketmaster faces scrutiny in the US over allegations of a ticketing monopoly.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the investigation into Ticketmaster’s dynamic pricing practices during the Oasis reunion tour, includes relevant background information on the band and their history, and references related legal actions against Live Nation. It also presents a balanced view of dynamic pricing by mentioning its use in other industries.
Noise Level: 6
Noise Justification: The article provides relevant information about the investigation into Ticketmaster’s dynamic pricing practices during the Oasis reunion tour and mentions a related lawsuit in the U.S., but it also includes some irrelevant details about the band’s history and unrelated information about Taylor Swift’s concert tickets.
Public Companies: Live Nation Entertainment (LYV), Uber ()
Key People: Liam Gallagher (Member of Oasis), Noel Gallagher (Member of Oasis)
Financial Relevance: Yes
Financial Markets Impacted: Ticketmaster and Live Nation Entertainment
Financial Rating Justification: The article discusses an investigation by the Competition and Markets Authority into Ticketmaster’s use of dynamic pricing for Oasis reunion tour tickets, which could impact the company’s business practices and reputation. It also mentions a lawsuit against Live Nation Entertainment in the U.S. related to ticketing monopoly concerns.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Move Size: No market move size mentioned.
Sector: Technology
Direction: Down
Magnitude: Large
Affected Instruments: Stocks
www.wsj.com 
