Summer Concert Sales Plummet Amid Cancellations and Cooling Demand
The post-pandemic surge in live music, driven by "revenge spending," is showing signs of slowing as major artists cancel tours and consumers balk at high ticket prices. The trend, dubbed "funflation," is cooling off with more artists touring and fans experiencing fatigue. Despite strong demand for top acts like Taylor Swift and Beyoncé, overall ticket sales and resale prices are declining, indicating a return to pre-pandemic norms.