Music London discusses capping ticket prices after Oasis case
A few months ago, exploding ticket prices for the reunion tour of the band Oasis caused outrage among fans. On Friday, the British government announced that it wanted to cap resale prices.
10.01.2025, 09:44
SDA
The government stated that it had noticed a "worrying increase in the number of fans" who want to attend concerts, sporting events or other events and "are encountering professional sellers hoarding tickets and reselling them at vastly inflated prices."
There is also concern about the "lack of transparency of the dynamic pricing system". In this practice, prices are adjusted to demand. The government now wants to scrutinize this.
15 years after their split, brothers Liam and Noel Gallagher announced last August that they wanted to reunite their band for a tour next summer. In the days that followed, Oasis fans looking to buy tickets encountered dynamic pricing on the official websites. Prices skyrocketed, sometimes reaching thousands of francs on unofficial resale sites.
According to the government, this is not an isolated case: "From sporting competitions to Taylor Swift, all too often major events have been followed by customers who have been taken advantage of by ticket sellers," the British Minister for International Trade and Business, Jonathan Reynolds, was quoted as saying in the statement.
London is launching a public consultation on a number of proposals on Friday. One of these is the setting of an upper limit for the price of tickets on resale. A maximum increase of 30 percent or a limit on the number of tickets that resellers are allowed to offer will be discussed.
