Britain is experiencing a resurgence of interest in iconic bands such as Oasis and Black Sabbath, notably with the highly-anticipated reunion of the Gallagher brothers. Their music, particularly the hit 'Wonderwall', holds a special place in UK culture. Fans are spending an average of £766 each to attend the shows, indicating a strong financial contribution to the local economy. Meanwhile, nostalgia-driven events and merchandise are proliferating, yet grassroots music venues face closures and financial struggles, highlighting a paradox in the vibrant music market.
The reunion of Noel and Liam Gallagher has caused most excitement. Ever since the Britpop brothers announced themselves with their 1994 debut Definitely Maybe, their anthemic sounds have become part of the UK music canon.
With the Manchester indie rockers' first shows in 16 years, more than 1 million fans will feel justified in splashing out about 766 on average (tickets, travel, hotels) in a total projected to crest 1bn.
For those who were priced out or who couldn't get tickets, the culture industry has sagely transformed into Nostalgia Inc around the gigs.
In 2023, 125 grassroots gig venues closed. Last year, 43.8% reported an operating loss. Just 11 of the 34 venues that Oasis played on their first tour exist today.
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