-
Supporters' group file lawsuit against 'excessive' World Cup ticket prices
-
Gas shortages push India's poor back to wood and coal
-
'Plundered': Senegal fishers feel sting of illegal, industrial vessels
-
Iran hits Israel with missiles after denying Trump talks
-
Stocks rise on Trump U-turn but unease sees oil bounce
-
Trans community alarmed as India moves to curb LGBTQ rights
-
Families' nightmare fight for justice in Austria child sex cases
-
Tiger Woods to return to action in TGL with Masters looming
-
Australia, EU agree sweeping new trade pact eight years in the works
-
Back to black: facing energy shock, Asia turns to coal
-
Iran fires new wave of missiles at Israel after denying Trump talks
-
Manila's jeepney drivers struggle as Mideast war sends diesel cost soaring
-
The contenders vying to be next Danish leader
-
India's historic haveli homes caught between revival and ruin
-
Denmark votes in close election, outgoing PM tipped to win
-
N. Korea's Kim vows 'irreversible' nuclear status, warns Seoul of 'merciless' response
-
Pressure on Italy as play-off hopefuls eye 2026 World Cup
-
Malinin and Sakamoto seek solace at figure skating worlds as Olympic champions absent
-
'Perfect Japan' posts spark Gen Z social media backlash
-
Asian stocks rise on Trump U-turn but unease sees oil bounce
-
Pistons halt Lakers streak while Spurs, Thunder win
-
Silence not an option, says Canadian Sikh activist after fresh threats
-
Rennie shakes up All Blacks backroom team as 2027 World Cup looms
-
Australia, EU agree to sweeping new trade pact after eight years
-
Too old? The 92-year-old US judge handling Maduro case
-
Australia, EU agree sweeping new trade pact
-
Sinner, Sabalenka march on in Miami as more seeds crash out
-
US social media addiction trial jury struggles for consensus
-
EU 'concerned' by reports Hungary leaked information to Russia
-
IXOPAY and Zip US Introduce Unified Trust Layer Framework to Help Merchants Reduce Risk in Agentic Commerce
-
BioNxt Enters Commercialization Phase with Global Patent Protection and U.S. Fast Track Strategy for Sublingual Drug Delivery Platform
-
EU chief meets Australian PM as trade talks enter 'last mile'
-
Israel pounds south Beirut, says captured Hezbollah members
-
EU chief to meet Australian PM as trade talks enter 'last mile'
-
Champion Mensik, Medvedev dumped out of Miami Open
-
Jury at US social media addiction trial reports 'difficulty' in finding consensus
-
Stokes eager to lead England recovery after 'hardest period of captaincy'
-
Venezuela protesters demand end to 'hunger' level wages
-
Eight people arrested in Brazil for 'brutal' attack on capybara
-
Audi Q9 – how likely is it to become a reality?
-
Oil slides, stocks rebound on Trump's Iran remarks
-
On Iran, Trump executes his most spectacular U-turn yet
-
Trump announces 'very good' Iran talks denied by Tehran
-
Bill Cosby ordered to pay $19m over sex abuse claim
-
Dodgers eye 'threepeat' as new MLB season welcomes robot umpires
-
Dacia Striker: Stylish and sturdy?
-
Skoda Peaq: New all-electric seven-seater
-
Medvedev ousted by Cerundolo at Miami Open
-
Runway collision kills two pilots at New York airport
-
Bosnian truckers blocked EU freight terminals for a day over visa rules
Oasis: from clash to cash
Fifteen years after their explosive split, British music legends Liam and Noel Gallagher are reuniting for an Oasis tour that promises not only Britpop nostalgia but also staggering revenues.
While Liam has insisted that money is "way down the list" of reasons for the feuding brothers' reunion, British press reports have suggested that each sibling could pocket around £50 million ($67 million).
Matt Grimes, a music industry expert at Birmingham City University, offered a slightly more conservative estimate of around £40 million per Gallagher for the 17 UK dates alone.
Oasis, whose hits include "Wonderwall", "Don't Look Back in Anger" and "Champagne Supernova", kick off the reunion tour on July 4 in Cardiff before playing several dates in their home city of Manchester the following week.
Almost 1.4 million tickets have been sold for the UK shows, generating an estimated £240 million, according to Barclays bank.
And that's just the beginning.
Merchandise sales, from T-shirts and puzzles to baby clothes and tableware, plus six pop-up shops across the UK and Ireland could push total revenue to around £400 million, Grimes said.
The 24 concerts outside the UK, including in Buenos Aires, Chicago, Sydney, Tokyo and Toronto, will drive revenues even higher.
- Comeback tour-
Still, the money from the return of Oasis is dwarfed by Taylor Swift's record-breaking Eras Tour, which grossed $2.2 billion from ticket sales alone across 149 shows worldwide.
It was "a much bigger logistical event or sets of events than Oasis are proposing", Grimes said.
There was a chaotic scramble for prized Oasis tickets when they went on sale in August last year.
But fans were left outraged by exorbitant ticket costs that saw sudden price hikes -- known as dynamic pricing -- based on overwhelming demand, in some cases from £150 to £350.
Ticketmaster, one of the official sales websites, said the pricing decision was made by the "tour organiser".
Oasis pointed the finger at their promoter.
The Gallagher brothers' promotional plan, however, was minimal: two posts on social media -- one to tease, the other to confirm.
"The fact that they announced a reunion after many, many years of 'will they, won't they' is enough to make the press interested," Chris Anderton, professor of cultural economics at the University of Southampton, told AFP.
- £1 bn economic boost -
For Oasis there's no new album to promote, just classics to revive.
"In the 1970s, even maybe the 1980s, you went on tour to sell albums," Anderton said.
"Now you go on tour to make money and the album is something on the side -- if you make one at all."
"Definitely Maybe", released 30 years ago, climbed back to the top of UK sales charts on the back of the reunion tour announcement.
Each Oasis concertgoer will spend an average of £766 on tickets and outgoings such as transport and accommodation, according to Barclays.
That is set to inject £1 billion into the British economy.
Two key shifts help explain the rise of mega-tours, said Cecile Rap-Veber, managing director at the French artists' rights group Sacem.
On one hand, streaming "doesn't bring in as much money as the CD era", prompting artists to look at how to make money elsewhere, she said.
On the other, "the public's appetite for live shows" surged after the lockdown years of the Covid-19 pandemic.
Those factors make fans more willing to spend big.
Grimes sums up the choice: "Do I go to... Spain or maybe the south of France for a week's holiday that's going to cost me £600? Or do I go and see my favourite band?"
L.Janezki--BTB