UK government to investigate Ticketmaster's "dynamic pricing" following Oasis reunion tour sale

Undoubtedly one of the most in-demand reunions of our time; the comeback of Oasis has caused quite the stir. Tickets were officially listed as up to £135, but after many fans had waited for hours in online queues, they were then offered the opportunity to buy a ticket for the 'in-demand' price of £337.50. The tickets eventually sold out, and unsurprisingly were listed on ticket reselling websites, with one even being listed for almost £6,000.

Thanks to much disappointment shared online, the UK government has said that they will be looking into this. Lucy Powell, current leader of the House of Commons, revealed to BBC that she bought two tickets for £350, which is more than double face value.

The UK Government is set to investigate 'dynamic pricing' following public outrage over Oasis ticket prices. Entertainment editor @newmrpford has more.#TMS7 – Straight after Sunrise, weekdays on Channel 7 and 7Plus pic.twitter.com/IY7KW76K8S

— The Morning Show (@morningshowon7) September 2, 2024

"It's depressing to see vastly inflated prices," said culture minister Lisa Nandy. “This government is committed to putting fans back at the heart of music. So we will include issues around the transparency and use of dynamic pricing, including the technology around queueing systems which incentivise it, in our forthcoming consultation on consumer protections for ticket resales. Working with artists, industry and fans, we can create a fairer system that ends the scourge of touts, rip-off resales and ensures tickets at fair prices.”