That's completely wrong. The reason why old bands are so popular and bankable for promoters is because the people with the most expendable income are the ones still pinning for the good ol days.
Young people can't afford to go to gigs anymore. They've been priced out by 30-40 yr olds paying overs for big names to fly over from the US.
Add in the fact that those bands would also charge less to play because they are well past their peak and promotors would be stupid to bring out any smaller bands. Why risk it when you don't need to.
You're blaming the wrong people for this. It's people who have stood still and can't find any new music to enjoy that are killing the scene more than music execs making sound financial decisions.






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