US ticket sales giant Ticketmaster has agreed to more transparent pricing following widespread anger over the exorbitant costs paid by some fans for the Oasis reunion tour, Britain's competition watchdog said Thursday.

The Competition and Markets Authority (CMA) launched an investigation into the company last year over concerns that it had misled fans into buying costly tickets.

"We've voluntarily committed to clearer communication about ticket prices in queues," Ticketmaster said in a statement.

The CMA added that the company will scrap the use of misleading ticket labels.

"The changes we've secured will give fans more information about prices and clear descriptions of exactly what they are getting for their money," said CMA chief executive Sarah Cardell.

"If Ticketmaster fails to de

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