Massive demand for Coldplay tickets in India leads to prices soaring up to INR 35 lakh, sparking debates on accessibility and economic impact.
Coldplay
In a massive online rush, over 12.5 million people across India were seen scrambling to buy tickets for Coldplay’s upcoming concert.
The surge in demand occurred on the same day that Prime Minister Modi‘s U.S. visit was widely covered in the media.
Fans experienced long waitlists on platforms like BookMyShow, with some sharing screenshots of their positions, reaching as high as 800,000 in the queue.
Ticket prices for the concert skyrocketed, with reports suggesting some sold for up to INR 35 lakh.
Unconfirmed reports even mentioned prices reaching INR 10 lakh.
This surge in demand and pricing mirrors recent trends seen during other high-profile events, such as Diljit Dosanjh‘s concert, where ticket prices exceeded INR 1 lakh.
Concerts like these are not only fan favorites but also play a significant role in boosting local economies.
Studies show that global tours by artists such as Taylor Swift have positively impacted GDP, with some tours driving substantial economic growth in host cities.
The music industry has moved from album sales to live concerts as the primary source of revenue for artists, further increasing the significance of such events.
As ticket black marketing becomes a growing concern, fans and authorities call for more regulation to make concerts accessible to everyone.
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