Green Day in Sydney for $500 – is dynamic pricing reserving live music for the rich?

Ticketmaster and Ticketek claim demand-driven prices mitigate the problem of scalping, when tickets are bought - often by AI bots - and resold at inflated prices

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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.