Ticketflation Scandal EXPOSED: Ticketmaster’s Dynamic Pricing Hits Oasis Fans Hard

Published: Aug 31, 2024 Duration: 00:03:28 Category: Education

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have you ever wondered why getting a concert ticket these days feels like trying to book a last minute flight or hailing in Uber during a surge what if I told you that the same Dynamic pricing system that inflates your ride home on a Friday night is now affecting your favorite concert tickets welcome to the world of Ticket Masters Dynamic pricing where the price of those precious seats can Skyrocket in seconds today we're diving deep into the controversy surrounding this practice from outraged Oasis hands to the Justice Department's investigation following Taylor Swift chaotic ticket sales Ticket Masters Dynamic pricing is a system that adjusts ticket prices based on demand much like how Uber fairs increase during peak times while the idea is to keep scalpers at Bay and ensure more profits for artists the reality for fans has been far from Rosie this morning Oasis fans found themselves staring at ticket prices as high as355 pounds more than double the original face value this isn't the first time Dynamic pricing has sparked outrage fans of Taylor Swift Bruce Springsteen and Harry Styles have also experienced The Sting of inflated prices imagine seeing a ticket for 151b 25 only to watch it jump to 350 lb in a matter of minutes that's what happened with Oasis tickets today on Ticket Master leaving fans like Rebecca mwan frustrated and out of pocket the backlash isn't limited to the UK across the pond Bruce Springsteen's use of dynamic pricing for his 2023 tour caused tickets to sort to nearly $5,000 for a single floor seat Springsteen defended the move saying he wanted to align his prices with industry standards but the confusion and frustration it caused among fans were undeniable social media has been buzzing with complaints with some comparing Ticket Masters prices to those charged by scalpers Dublin City councelor Dara morard didn't mince words saying there's no difference between Ticket Master and touts screenshots shared online showed in demand standing tickets for £350 while resale sites listed them for as much as 4,14 and astronomical leap from the original 7425 starting price Ticket Master has tried to justify Dynamic pricing claiming it keeps the live music industry vibrant and creative they argue that the face value is set by event organizers not them and that they're simply reflecting the market value however this hasn't stopped the criticism especially after the Fiasco with Taylor swiftz Eris tour which was so chaotic it led to an antitrust investigation by the US justice department and there you have it ticket Master's Dynamic pricing is more than just a controversial strategy it's a system that's reshaping how we experience live music often to the detriment of fans whether it's Oasis Taylor Swift or Bruce Springsteen one thing is clear this pricing model isn't going away anytime soon that's a wrap for today's video don't forget to give us a thumbs up and share your thoughts in the comments below

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