Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

World News

Coldplay tickets for $11,000? Uproar in India after tickets sold out in minutes and resold for outrageously high prices

by October 1, 2024
October 1, 2024
Coldplay tickets for $11,000? Uproar in India after tickets sold out in minutes and resold for outrageously high prices

Fans eagerly awaiting the return of Coldplay to India were shocked to find tickets being resold online for as much as $11,000, prompting police to seek a statement from the CEO of the shows’ vendor over allegations of fraud.

The British rock band is playing three shows in Mumbai in January as part of its hugely popular Music Of The Spheres tour, its first concerts in the country since 2016.

Tickets were scheduled to go on sale by the official vendor, BookMyShow (BMS), at 12 p.m. local time on September 22. But for many users, the website and app crashed amid the demand.

When fans were able to get into the virtual queue to buy tickets priced from 2,500 to 35,000 rupees ($30 to $417), they said they were behind hundreds of thousands of users.

Within minutes, the tickets were sold out and reappeared on other platforms for as much as 960,000 rupees ($11,458), sparking anger over the purchase process and the suspected use of bots to scoop up seats. To put that into perspective, the World Bank says India’s current GDP per capita is $2,500 a year.

Amit Vyas, a lawyer and founding partner of Mumbai law firm Vertices Partners, was among fans waiting for tickets on the vendor’s website when he was suddenly locked out.

He filed a complaint with police, alleging the online ticketing platform made tickets available to scalpers and third-party websites for resale on the black market.

On Monday, the founder and CEO of BookMyShow, Ashish Hemjarani, was summoned by Mumbai police’s Economic Offences Wing for questioning over the alleged black marketing of tickets for the concerts, a Mumbai police official said.

“Scalping is strictly condemned and punishable by law in India. We have filed a complaint with the police authorities and will provide complete support to them in the investigation of this matter,” the vendor said.

Arkatapa Basu, a 26-year-old journalist based in the southern city of Bengaluru, said she was waiting behind 130,000 people to buy tickets when she learned a third show had been added.

When she went to join the third show’s waitlist, she found there were 700,000 people waiting ahead of her. “That’s when I decided to give up,” she said.

Ishaan Jhamb, a 22-year-old engineering student from Delhi, said the tickets being resold were so expensive, he and his friends decided to fly nearly four hours to go see the band in Abu Dhabi instead, because it would be more economical.

The ticket-buying process for big concert events has often drawn angst from buyers globally.

Last month, the British rock band Oasis announced a reunion tour, sparking a frenzy of criticism over Ticketmaster’s so-called dynamic pricing, where businesses adjust prices based on factors such as demand.

Ticketmaster also faced public scrutiny in November 2022 for its handling of the massively popular Taylor Swift Eras Tour, for which the company says there was “historically unprecedented demand.”

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
Hamas leader killed in Lebanon was UN employee, agency confirms
next post
Xi vows ‘reunification’ with Taiwan on eve of Communist China’s 75th birthday

You may also like

Three feared dead as India deploys divers, helicopters...

January 7, 2025

France says Palestinian Authority makes ‘unprecedented commitments’ to...

June 10, 2025

Doctor accused of criticizing Russia’s war in Ukraine...

November 12, 2024

Children of UK couple detained in Afghanistan appeal...

February 24, 2025

Thousands of liters of chemicals dumped into Brazilian...

December 25, 2024

‘Made in Russia’ goods are the new craze...

March 16, 2025

Doctor admits attempting to kill mother’s partner with...

October 7, 2024

Romania in shock after far-right populist enters presidential...

November 25, 2024

India’s Bollywood star Saif Ali Khan out of...

January 16, 2025

China’s glacier area shrinks by 26% over six...

March 27, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Top federal Minnesota prosecutors officially terminated after dispute over ICE shooting probe

      January 15, 2026
    • Japan’s Prime Minister Takaichi plans to dissolve Parliament and call early election to strengthen coalition

      January 15, 2026
    • Key Republicans flip, kill effort to restrain Trump’s policing power over Venezuela

      January 15, 2026
    • Iran allegedly airs 97 ‘coercive confessions’ amid record-breaking North Korea-style internet blackout

      January 15, 2026
    • Top Iranian official downplays death toll, blames ‘Israeli plot’ as US considers strikes

      January 15, 2026
    • DHS at center of progressive revolt as House advances $80B spending package

      January 15, 2026

    Categories

    • Business (839)
    • Investing (661)
    • Politics (7,030)
    • World News (3,213)

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 whalelargecapital.com | All Rights Reserved