The ‘funflation’ economy is dying as a consumer attitude of ‘hard pass’ takes over and major artists cancel concert tours

(Credit: Ollie Millington/Redferns)

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.