For the past few years, live music has enjoyed an explosive post-pandemic revival, as “revenge spending” fans itching to get back into concert venues post-pandemic paid top dollar for massive stadium tours such as Taylor Swift’s Eras Tour and Beyoncé’s Renaissance Tour.
But a recent spate of tour cancellations and changes by well-known artists indicate that consumers’ appetite for live music may be slowing.
On Friday, Live Nation announced that Jennifer Lopez was canceling her “This Is Me…Live” tour to spend more time with her family, a week after the Black Keys said they were scrapping an arena tour scheduled for this fall in favor of smaller venues, even after the single from their new album topped Billboard’s Alternative Airplay chart in March.
The announcements are the most recent signs that at least one facet of the “funflation” or economy…
