Ticketmaster UK boss tells MPs prices are very fair
“We work closely with event organisers to be able sell tickets at the prices that they’ve determined,” he told the committee.
“There’s no technology-driven change to those prices.
“They are the prices which humans have agreed to.
“There’s not a computer or a bot behind it.”
The band themselves had also hit out at the system, saying: “It needs to be made clear that Oasis leave decisions on ticketing and pricing entirely to their promoters and management.”
But Mr Parsons told the committee: “If we’re not able to [capture] that value, which the artist is doing in those instances, then that money is just going to go, and the tickets are going to be captured and gobbled up by touts.”
The MPs did not ask about the Oasis sale specifically, as the Competitions and Markets Authority (CMA) is looking into whether Ticketmaster breached consumer-protection law.
Related
What would a UK-US economic deal really look like?
When Boris Johnson flew to meet Donald Trump for the first time at the Biarritz G7 summit in 2019, he boasted en route to reporters about the huge benefits a po
Business confidence in the East of England rises sharply
Companies in the region reported higher confidence in their own business prospects month-on-month, up 25 points at 74pc. When combined with their optimi
UK: DfT Extends EV Grant for Businesses
The Department for Transport (DfT) has announced a year-long extension to its Plug-in van grant in order to aid businesses in their transition to zero em
US-UK trade deal: Would an agreement change anything?
The US-UK trade deal warmly suggested by President Donald Trump should help insulate the UK from the direct impact of global trade tensions.It signals that the
