Fans of Oasis express disappointment and anger after Ticketmaster cancels tickets for the band's reunion tour, accusing some of bot usage, leaving many without their dream concert experience.
Andrew Parsons, the UK boss of Ticketmaster, defended the company's pricing practices during a parliamentary hearing, stating tickets are 'very fairly priced' and determined by event organizers. This follows criticism over the 'dynamic pricing' system used in the Oasis reunion tour ticket sales, with the CMA investigating potential breaches of consumer protection laws.
Live Nation, the parent company of Ticketmaster, is experiencing significant financial growth with an increase in global ticket sales and profitability, despite facing technological failures and legal battles. The company has achieved impressive milestones in concert attendance and stock valuation, primarily driven by high-demand tours like Taylor Swift's. However, challenges persist as fans express dissatisfaction over technical glitches during ticket sales for popular events. Adding to the scrutiny, a lawsuit alleging fraud and negligence in ticket sales, as well as a recent data breach involving Ticketmaster, compounds the hurdles faced by the company. Despite these issues, Live Nation remains focused on enhancing the fan experience through strategic initiatives.