The British government has launched an investigation into surge pricing after Oasis fans experienced massive price increases for tickets to the band’s highly anticipated reunion. Sales websites crashed due to overwhelming demand, leaving many fans frustrated. Those who managed to secure tickets hours later were shocked to find prices had more than doubled.
Culture Secretary Lisa Nandy condemned the inflated prices as “depressing” and announced plans to review the practice as part of an upcoming consultation on consumer protections in ticket sales. The issue of dynamic pricing, where ticket values fluctuate based on demand, will be included in the investigation.
With Ticketmaster selling standing tickets for over £350, complaints have been filed against the company for misleading claims about availability and pricing. Dynamic pricing, commonly used by airlines, has drawn criticism from fans who view it as greedy and a rip-off.
Despite concerns about touts reselling tickets at higher prices, Oasis has warned of cancelling tickets sold in violation of terms and conditions. Ireland’s Deputy Prime Minister has also denounced price gouging due to surge pricing.
As Oasis prepares for their reunion tour, fans eagerly anticipate the band’s performances after 15 years since Liam and Noel Gallagher last shared the stage.