Astead Herndon

But it does, as you mentioned, also raise expectations of what fans expect to experience at the concert.

I wonder, in your opinion, are fans getting more for their money at these shows since they're more expensive now?

Honestly, not really.

I guess I wanted to know, does this model work for smaller artists?

Like, what limits artists outside of the Adele's or Harry Styles from adopting this residency model?

I mean, one question I have is how do you see these residencies having an influence on the way the live event industry operates as a whole?

You know, part of what we've been looking at are the changes that have occurred in the industry post-pandemic.

Where do you see this piece as fitting in?

Yeah, yeah, yeah.

It's not if Kelly Rowland was doing concerts, I would be moving in the same way, right?

Like it's specific to that artist.

And I can kind of see your point being that, you know, that has what has made this shift be more permanent than folks expect.

Robert Levine writes the Follow the Money column for Billboard.

Today's show was produced by Ariana Espudu, edited by Jenny Lawton, engineered by Patrick Boyd and David Tadishore, and fact-checked by Andrea Lopez Cruzado.

The rest of the team includes Hadi Mawagdi, Miles Bryant, Peter Balanen-Rosen, Danielle Hewitt, Kelly Wessinger, Dustin DeSoto, Noelle King, and Sean Ramos-Furham.

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I'm Astead Herndon, and tune in tomorrow for Today Explained Saturday.

This week, we're untangling the web of conspiracies and lies surrounding Jeffrey Epstein.