Ticketmaster Under Fire: Dynamic Pricing Hikes Oasis Ticket Costs in 'Ticketflation' Scandal

have you your favorite band only to find the prices skyrocketing right before your eyes Oasis fans know this feeling all too well but what's really Behind These jaw-dropping ticket prices is it just market demand or is there something more Sinister at play today we're diving deep into ticket Master's controversial Dynamic pricing system that is fans fuming stick around to find out why buying tickets now feels like booking an Uber ride one that's getting more expensive by the second Oasis fans woke up to a shock this morning as ticket prices for the band's highly anticipated reunion tour hit an astonishing 355 lbs more than double the original face value but what's causing this Spike it's Ticket Masters Dynamic pricing system a method that's drawing comparisons to Uber search pricing and has already enraged fans of Taylor Swift Bruce Springsteen and Harry Styles so what exactly is dynamic pricing essentially it's a strategy where ticket prices fluctuate based on demand the higher the demand the higher the price it's a model we've seen before in the airline industry and with ride sharing services but applying it to concert tickets is a relatively new phenomenon in the UK and it's leaving many fans feeling like they're being priced out of the very events they've been eagerly waiting to attend Ticket Master defends this approach claiming it's a way to keep ticket prices close to their market value while while also preventing scalpers from profiting off resales but here's the catch many fans and Industry experts argue that this so-called market value is no different from what touts would charge in fact some say it's even worse because it's coming directly from the official ticket vendor take the case of Oasis tickets fans reported that standing tickets on Ticket Master were listed at over 350 despite their original price being £125 the same happened with Harry Styles concert at slain Castle last year where tickets were sold for nearly double their face value Rebecca mcgallen a Super Fan shared her frustration after seeing the price of her selected tickets jump from 155 to 386 lb just before checkout it's experiences like these that are fueling the backlash against Ticket Masters pricing practices and it's not just Oasis fans who are angry when tickets for Bruce Springsteen's 2023 tour Rose to nearly $5,000 for a floor seat even the iconic rocker couldn't escape criticism while Springstein defended the dynamic pricing model saying it was a way to finally align his ticket prices with the market after years of underpricing the outrage from his fans was palpable on social media the fury is spreading X formerly Twitter users have been vocal about their discontent with one journalist sharing his frustration after waiting in a queue for one 105 minutes only to find that the remaining tickets were official Platinum seats priced at $ 490.50 more than double the face value others compared Ticket Master to touts arguing that the company is simply incorporating resale pricing into its official offerings making it harder for everyday fans to afford tickets to make matters worse the resale Market is equally brutal on platforms like viagogo and StubHub prices for Oasis tickets are reaching astronomical levels with some tickets going for over 14,000 the original price for these seeds just £74 25 the disparity is staggering and adds to the growing frustration among fans who feel they're being taken advantage of Ticket Master however continues to defend its practices the company argues that Dynamic pricing is essential for maintaining the vibrancy and creativity of the live music industry they claim that it allows them to price tickets closer to what people are willing to pay while also ensuring that the total price including fees is transparent from the start but many fans aren't buying it especially in light of the recent controversy surrounding Taylor Swift's ears tour in the US where the justice department opened an antitrust investigation into Ticket Masters parent company Live Nation entertainment the investigation is looking into whether Live Nation has abused its power over the live music industry particularly after the chaotic sale of Swift's concert tickets Ticket Master blamed bot attack for the issues but the damage was already done fans were left frustrated and the incident highlighted the growing concerns over the company's dominance in the ticketing Market as the backlashed against Dynamic pricing grows one thing is clear fans are fed up with feeling like they're being priced out of the concerts they love whether it's Oasis Taylor Swift or Bruce Springsteen the message is the same ticket buying shouldn't be this complicated or this expensive and that's a wrap for today's video what do you think about ticket Master's Dynamic pricing are fans right to be outraged or is this just a new reality of Live Events let us know your thoughts in the comments below don't forget to give us a thumbs up and subscribe for more updates I'm from Au news and we'll see you next time