"These cases 5indicate that some arena tours are not selling that well."
After 6a series of surprising tour cancellations, freelance journalist Zach Schonfeld believes the post-pandemic touring bubble has 7burst.
"People were really 8eager to get back to seeing live music. And as a result of that, prices for everything went up."
That rise in ticket prices could be one factor keeping audiences away. And it's not just concerts. A recent survey by KPMG found more consumers plan to spend less this summer on things like restaurants, travel and entertainment. John Rosen, an adjunct professor of economics at the University of New Haven, says it could be the end of what economists called 9revenge spending.
"By 2023, everybody was pretty comfortable it was over. Everybody had a lot of 10pent-up spending, and they spent it."
While 11big-name artists like Beyonce and Taylor Swift have had successful world tours, less popular artists aren't finding the same level of demand. Schonfeld says it's on the artists and their team now to 12reassess how to best 13take on this new era of touring.
"Artists and their agents and their representatives need to be 14savvy about finding the right size venue. And sometimes it's not an arena."