I wouldn't be so sure. Billy Corgan (Smashing Pumpkins) noted that, despite the music industry foresaking everyone but hippity hop rappers, concert venues are still full for rock acts while the favored often get sparse attendance.
So despite the money grab and attempt at audience manipulation discerning fans have been staying loyal to what and who they like - not who they're TOLD to like.
Unfortunately, these fans are very frequently ripped-off by their aging heroes charging exorbitant ticket prices for miming to recorded vocal - and some instrumental - tracks at 'live' shows.
Who does this? The list is long and filled with the most popular and famous bands imaginable. Interested parties should check out Wings of Pegasus on YouTube. The young guitarist who created this channel has devoted much of his effort for the past couple of years to showing how it's done and his conclusions are both objective and irrefutable.