Ticket Sales: Dynamic Pricing
Debate between Baroness Twycross and Lord Hannan of Kingsclere(3 weeks, 4 days ago)
Lords ChamberRead Full debate Read Hansard Text
Baroness Twycross (Lab)
If I understand my noble friend’s question correctly, this is about people starting out, at the beginning of their career. He is shaking his head so I will try again. We are committed to live music. We will do everything we can to make sure that live music is accessible to everybody but that there is that connection between artists and their fan base.
Lord Hannan of Kingsclere (Con)
My Lords, I am very grateful to the Minister for confirming a moment ago that dynamic pricing is not illegal. Will she also take the opportunity to remind the House that when more people want something than there is of that something —in this case, more people wanting tickets than there are tickets—the price will naturally rise? That is not a market failure; it is what is meant to happen.
Baroness Twycross (Lab)
There is an ongoing investigation by the CMA and it would not be appropriate for me to comment on the specifics of the case. However, we need to look into whether there might be a different pricing system.