UK government to probe ‘dynamic’ pricing behind Oasis ticket price surge

The UK government is planning to investigate the practice of “dynamic” pricing used by Ticketmaster and other ticketing websites, following complaints of inflated prices for tickets to the Oasis reunion tour. Fans have expressed frustration over long waits, high prices, and being thrown out of queues. The government aims to create a fairer system to prevent ticket touting and ensure fair prices for all. Ticketmaster, owned by Live Nation, is facing criticism for its pricing practices, with calls for an investigation into its monopoly in the ticketing industry. Artists and promoters have also been criticized for using dynamic pricing, with some fans feeling it is unfair. The US Department of Justice has filed a civil antitrust lawsuit against Live Nation-Ticketmaster in an effort to restore competition and provide better options for fans at lower prices. the given text.

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