I think Live Nation has a different approach to these shows than you or I might think
The sheds are there...depreciating every year.. it’s an asset they have to use as long as they can cover variable costs
If they get X people in there they know they can make money on the beer, food, etc
The number of people they need in the shed is not 30,000 or 20,000 or even 10,000
I bet with 5,000 they are good with the Crowes
The guarantee they offer the Crowes for tour is more than the Crowes would get for playing club shows - a nice lump sum for a summer tour- but it’s not like U2 money or something