The Competition and Consumer Protection Commission (CCPC) of Ireland has initiated an investigation into Ticketmaster Ireland's ticket-selling practices following the recent surge in tickets for Oasis's upcoming shows. This inquiry closely follows a similar move by the UK's Competition and Markets Authority (CMA), which has also been scrutinizing the ticketing giant's operations.
Oasis, the iconic British rock band, recently announced additional dates for their highly anticipated concerts at Wembley Stadium. The addition of these shows was met with an overwhelming demand that has raised concerns regarding Ticketmaster's handling of dynamic pricing and ticket allocation.
Reports have surfaced indicating that some fans faced significant challenges in securing tickets, with many expressing frustration over resale prices reaching astronomical levels. These high resale rates have drawn criticism, prompting the CCPC to review whether Ticketmaster's practices align with consumer protection laws in Ireland, where the resale of tickets has been outlawed since 2021.
This latest investigation highlights ongoing concerns regarding ticketing transparency and consumer rights within the live entertainment sector, particularly as the industry rebounds from pandemic-related disruptions. Industry analysts note that both the CCPC and CMA's inquiries could lead to intensified regulatory scrutiny over ticketing companies' business practices.
For more information on the situation and updates on the CCPC's investigation, visit IQ Magazine.