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Speaker 1: Hey, I'm going to be fascinated to see what comes

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Speaker 1: of the Oasis ticketing for fiasco in the UK at

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Speaker 1: the moment, and I would bet probably nothing will come

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Speaker 1: of this. What happened is that the tickets went on

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Speaker 1: sale I think it was on Saturday night. It was

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Speaker 1: basically over the weekend New Zealand time for as low

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Speaker 1: as people will be expecting to be able to pick

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Speaker 1: up tickets for as low as two hundred and eighty dollars,

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Speaker 1: But then what was happening was they were spending hours

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Speaker 1: in the queues online to get to those tickets and

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Speaker 1: when they finally got to the ticket, two hundred and

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Speaker 1: eighty dollars was now seven hundred and ten dollars plus

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Speaker 1: fees on top of it. And people were furious because

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Speaker 1: of this. Because of course, what people don't realize and

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Speaker 1: people don't realize this happens in New Zealand as well,

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Speaker 1: is that ticket Master uses what is called dynamic pricing,

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Speaker 1: and it basically is like Uber's surge pricing, where no

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Speaker 1: one wants to buy the tickets they're really cheap, like

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Speaker 1: where nobody wants to drop to catch an Uber you

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Speaker 1: can get it for like nine bucks right, But when

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Speaker 1: everyone wants to buy these tickets from around the world,

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Speaker 1: they jack up the price at ticket Master. It's basic

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Speaker 1: supply and demand stuff. The government over the in the

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Speaker 1: UK heard how upset people are about it, so now

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Speaker 1: promising a review of it. And this is where I

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Speaker 1: think it's gonna get interesting, because when they finish the review,

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Speaker 1: what are they gonna find that ticket Master has done

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Speaker 1: something wrong here? Plenty of businesses do this uber I

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Speaker 1: just name them as one. Hotels do it. You're gonna

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Speaker 1: pay more at the weekend, then you're gonna pay during

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Speaker 1: the weekday. Results in Fiji do it. The prices go

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Speaker 1: up during the school holidays. Airlines do it. The prices

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Speaker 1: go higher and higher the fewer seats they have left

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Speaker 1: on the plane. It's basically, the more people want, the

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Speaker 1: fewer of the things are available, they jack up the price.

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Speaker 1: So probably you can't argue that ticket Master is doing

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Speaker 1: anything wrong when it's jacking up the Oasis ticket price prices.

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Speaker 1: There may be an argument here, though, that they are

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Speaker 1: doing something wrong by not being transparent about this. So

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Speaker 1: by not telling you they're doing it, or not telling

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Speaker 1: you how they're doing it, maybe you can argue there.

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Speaker 1: But then all you're gonna do is you're going to

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Speaker 1: force them to be transparent. Is that going to bring

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Speaker 1: the price down? I'm not so sure. The fact is

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Speaker 1: people from around the world, around the world try to

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Speaker 1: buy a limited number of Oasis tickets over the weekend.

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Speaker 1: It was demand. So as much as I hate being

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Speaker 1: ripped off and sometimes I feel like I am by

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Speaker 1: ticket prices, can we really argue that ticket Master actually

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Speaker 1: did anything wrong.

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Speaker 2: Here for more from Hither Duplessy Allen Drive. Listen live

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