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"Why bother going to the live show when I can sit at home watching a Youtube video instead?" is something I don't think many people think. The video doesn't replace the experience.

It does increase costs, and not everyone will want to do it or have the means. But it doesn't have to be a full on video production. It can just be a phone mounted near the soundboard, plugged into the soundboard, so you can actually get great sound. I love listening to "live" music on YouTube, but it's not a replacement for actually attending a show.

Well, I think YouTube for stage acts is just like Streaming is to musicians. Most of them make the majority of their income by live performances, but the streaming is where its at otherwise.