Dynamic ticket pricing helps combat ticket scalpers, the company behind $500 Green Day tickets claims – but music industry insiders and consumer groups dispute that, with some concerned the controversial practice skews live events to the rich.Dynamic pricing – when the cost of products rise and fall according to demand – is well established in Australia, from Uber’s surge prices to utilities and airline fares.It’s increasingly prevalent in entertainment, with Australian fans of Pearl Jam and now Green Day paying variously inflated amounts depending on when they bought their concert tickets. The Australian Grand Prix and Australian Open are also onboard, with seats at the 2024 men’s final fetching between $2,000 and $6,000.On Wednesday, it was possible to buy “in demand” tickets to Green Day’s Sydney show for $399.60 to $499.60. Set price tickets started at $217.16, despite being advertised at $135.60. Tickets for the band’s Melbourne and Gold Coast shows were…
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