Michael Hann

Why I love the Hold Steady

The Hold Steady perform in New York, May 2023. Photo: Rob Kim / Getty Images for The Recording Academy

Live music is thriving right now. According to the US trade magazine Billboard, Taylor Swift’s Eras tour has so far grossed an estimated $838m, and that’s just from 66 shows in the Americas. It’s already the second highest-grossing tour in pop history, and she hasn’t had to cross an ocean yet.

At the top end, live music is indeed awash in cash. But at the grassroots end, it really isn’t: December began with one of the UK’s best loved small venues, Moles, in Bath, announcing its bankruptcy – one more historic room set to shut down. Bands complain about venues taking a third of their merchandise revenues, a recent practice that eats into one of the few areas where musicians really can make some money.

International touring has become harder and harder. For UK bands, getting into Europe after Brexit has become an administrative nightmare.

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