28: Why has the festival bubble burst?

With festival season over, it's time we investigated a story that’s been on our minds all year: has the bubble burst? In March it was reported that 21 UK festivals had already cancelled, postponed or closed in 2024. By the end of summer that number had risen to over 50.Industry bodies blame rising costs, which is doubtless a factor – but what else might be at play here? A small cluster of dominant companies contributing to an oversaturated festival landscape, perhaps? Or are festivals simply falling foul of the strategy they’ve employed for years: pushing up live fees to price out their competition?More importantly, how many of these events are actually any good?For positivity’s sake we also spend some time shouting out the festivals we loved this year. Turns out that with clever booking and some attention to detail, you can still put on events that offer an alternative to the homogeny.If you enjoyed this episode of No Tags, we’d love you to spend a minute rating, reviewing and subscribing on your podcast app of choice. We’d also ask you to consider subscribing to our paid tier – cheaper than cheesy chips. Get full access to No Tags at notagspodcast.substack.com/subscribe