The wave of festival cancellations in 2024 marks a significant downturn for the music industry, with over 60 music festivals canceled just in the UK alone.
Surging production costs, high ticket prices, and a decrease in consumer demand have fueled the so-called festival recession, impacting both new and established events.
Technological shifts in music consumption are shaping a new generation's attitudes towards festivals, which may lack the same excitement that previous generations experienced.
Once thriving festivals are facing ticket sales declines, like Coachella, which saw a 15 percent drop this year compared to last, signaling a broader industry challenge.
Collection
[
|
...
]