News about Chris Terrio

Composer Andrew Lloyd Webber has condemned dynamic pricing for show tickets as 'racketeering' after the outcry over amounts paid by fans for Oasis concerts. Fans of the rock band were shocked by standard tickets for the reunion tour more than doubling on Ticketmaster last month, prompting the Government and the UK's competition watchdog to pledge to look into the use of surge pricing. The practice of increasing or decreasing prices based on demand has been compared to the way airline tickets and hotel rooms are sold. Asked about dynamic pricing potentially being used for theatre tickets, Lord Lloyd-Webber told The Sundays Times magazine: 'I don't think theatres should be in the business of trying to push prices up.