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The Inquiry
How did music megatours become such a money spinner?
The Inquiry
Dec 30, 2025

Taylor Swift’s Eras Tour shattered records, becoming the highest-grossing concert tour of all time, redefining what’s possible and confirming a new era in the business of touring.

As streaming transformed how we listen to music, selling records is no longer the financial centrepiece it once was for artists. Instead, exclusivity has been transferred to the live experience. But staging shows on this scale requires enormous investment and complex production. At the same time, ticket scarcity fuels extraordinary demand and rising prices, which mean big ticket prices.

Tanya Beckett explores how technology, fandom and economics turn modern concert tours into multi-billion-dollar ventures.

This week on The Inquiry, we’re asking: How did music megatours become such a money spinner?

Contributors

Kevin Kim, Head of Asia at music distribution company Route Note, Seoul, South Korea

Serona Elton, professor at the Frost School of Music at the University of Miami, United States

Adam Behr, Reader and Head of Music at Newcastle University, United Kingdom

Poppy Reid, music journalist and founder of Curious Media, Sydney, Australia

Presenter: Tanya Beckett Producers: Maeve Schaffer and Matt Toulson Researcher: Evie Yabsley Production Management Assistant: Liam Morrey Technical Producer: Craig Boardman Editor: Tom Bigwood

(Photo: Taylor Swift during The Eras Tour. Credit: Erika Goldring/TAS24/Getty Images)

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Jun 23, 2026
Is technology ruining sport?

This year, technology has more influence in officiating sports than ever before.

At the men's World Cup, the role of virtual assistant referee technology (VAR) has been extended to include two more on-pitch scenarios while in tennis, umpires use electric line calling systems (ELC) to make final decisions.

Both bits of kit aim to improve the accuracy. It’s become easier to consider match-defining moments through these tracking and review systems’ specialised cameras. But, this information takes human officials valuable time to analyse.

Football fans criticise VAR for this reason, saying it delays match momentum. Top ranking tennis players Aryna Sabalenka and Alexander Zverev have also complained as these systems are not yet infallible. If technology is as imperfect as a human referee or umpire and can interrupt the fan experience too, why do elite sports rely on it?

This week on The Inquiry we’re asking, ‘Is technology ruining sport?’

Contributors Carlo de Marchis, independent advisor in sports and media technology in Italy

Dr Otto Koblinger, former sports scientist, Munich Technical University, Germany and senior data manager, Saudi Pro League

Professor Odilon Roble, sport philosopher and psychoanalyst, University of Campinas (UNICAMP), Brazil

Matt Moore, associate dean, University of Kentucky’s college of social work, US

Presenter: Tanya Beckett Producer: Evie Yabsley Researcher: Amelia Cox Editor: Tom Bigwood Technical Producer: Nicky Edwards Production Management: Phoebe Lomas and Liam Morrey

(Photo: VAR check. Credit: Dan Mullan/Getty Images)


23min 04sec



Jun 2, 2026
Is Portugal’s drugs policy in need of reform?

In 2001, Portugal decriminalised the possession and use of all illicit drugs. It was a move designed to mitigate the country’s public health crisis, which at the time meant Portugal had one of the worst rates of overdose deaths in Europe, as well as the highest rate of HIV among drug users. Whilst drugs remained illegal, users did not receive a criminal record but were instead referred to rehabilitation and treatment programmes. It was an approach that proved so successful, that it has remained in place for a quarter of a century.

But just over 10 years after its introduction, Portugal’s drugs policy started to come under strain as the country’s economic crisis and subsequent austerity measures led to budget cuts for drug services. More recently the rising cost of living has diverted people’s attention from investment in this field. On top of this, the trafficking of cocaine and newer substances into the country along with changing demographics is putting decriminalisation under strain.

So, on The Inquiry this week, we’re asking ‘Is Portugal’s drugs policy in need of reform?’

Contributors: Joana Teixeira, President of the Board of Directors, Institute for Addictive Behaviours and Dependencies (ICAD), Lisbon, Portugal Luís Mendão, Director General, Grupo de Ativistas em Tratamentos (GAT), Lisbon, Portugal António Leitão da Silva, Chief of Police, Braga, Portugal Keith Humphreys, Esther Ting Memorial Professor of Psychiatry and Behavioral Sciences at Stanford University, California, USA

Presenter: David Baker Producer: Jill Collins Sound engineer: Toby James Editor: Tom Bigwood

(Photo: Discarded syringes and drug paraphernalia. Credit: Andy Buchanan/AFP)


23min 21sec

How did music megatours become such a money spinner?

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