Always a bit of doubt when an artist updates an old and favourite track - this is well worth it. Jeff Lynne is a perfectionist producer and this modern version is really good - especially the baseline riff.
I read umpteen reviews of these and other headphones before taking the plunge and spending this much money. Many of the reviews provided far more technical appraisal and comparative information than I am able to do. All I can do is quote my experience with my hearing, my music and spoken word recordings on my travels. They are superb. They provide a new world of listening on a plane trip and cut out all the squawking from the many families that seem to gravitate to me anytime, any trip.
I can't say if cheaper sets do as good a job but these are great.