'Fans are less engaged': Cost, over-supply and transport stifle demand for big gigs this summer

Michael Lewis, a renowned author known for his insightful books on finance and economics, has expressed concerns about the current state of the music industry. In a recent statement, Lewis pointed out that the high cost of concert tickets, an oversupply of big gigs, and transportation costs are all contributing to a decline in fan engagement.

Lewis believes that these factors are making it increasingly difficult for artists to connect with their audiences, ultimately stifling demand for big concerts. He emphasized the need for the industry to reassess its pricing strategies and explore alternative solutions to make live music more accessible to fans.

For fans, the high cost of concert tickets can be a significant barrier to attending live events, with many feeling priced out of the market.