Seeing the trailer for the film reminded me of this quote from the book by Ernest Cline:
"I burned the midnight oil.
Did you know that Midnight Oil was an Australian band, with a 1987 hit titled "Beds Are Burning"?"
I read the book a few years ago. There's so much 1980s film/music/games in it, the film couldn't include them all. Even if, as someone pointed out, they could get licences for it. So, I suspect the chances of Midnight Oil being on the soundtrack are slim.