EU Lawmakers Push for Dynamic Pricing Regulations After Oasis Fan Outcry

European Union lawmakers are advocating for new regulations on dynamic pricing for online goods after fans of the British band Oasis faced inflated ticket prices. The push aims to amend the Digital Services Act to prevent future occurrences of price surges. Probes into Ticketmaster's practices are ongoing.

European Union lawmakers are rallying behind efforts to impose new rules on the use of "dynamic pricing" for online sales, following complaints from Oasis fans about exorbitant ticket prices for the band's sell-out shows.

Thousands of fans encountered steep price hikes during checkout for tickets to Oasis reunion concerts in the UK and Ireland, triggering probes into Ticketmaster by British, Irish, and European regulators. In response, eight of Ireland's 14 MEPs have endorsed modifications to the Digital Services Act (DSA) to prevent similar issues in the future.

MEPs including Regina Doherty and Ciaran Mullooly are advocating for tighter regulations, warning that companies breaching the DSA could face fines up to 6% of their global turnover and a potential ban in Europe. Additional support comes from MEPs Barry Cowen, Billy Kelleher, Cynthia Ni Murchu, Kathleen Funchion, Luke Ming Flanagan, and Lynn Boylan. The European Commission is expected to include these considerations in their forthcoming report.

(With inputs from agencies.)