Is 2024, the year the music festival died?
Sierra Nevada World Music Festival in Northern California kickoff jam, a country music festival in Florida.
Blue Ridge Rock Festival in Virginia.
The list of recent cancellations just goes on and on.
Even big name festivals that used to sell out in minutes struggled to sell tickets.
This year, burning man fell to sell out for the first time in over a decade.
Coachella, the most attended annual music festival in North America, saw a decline of around 15% in ticket sales.
And it's not just America.
By one count, over 60 music festivals were canceled in the UK this year alone.
In Australia, so many festivals were canceled that one newspaper there recently asked, are the nation's music festivals extinction?
This is the indicator for planet money.
I'm Greg Rosalski.
And I'm Waylon Wong.
Today on the show, the music festival recession.
What's behind it?
And is it temporary or a permanent cultural shift?
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