Surviving the Live Industry Overload

Is there an oversupply in today’s live industry, and how do we deal with its effects? Where does this come from? Is it because more acts from different genres and disciplines are gaining popularity, or is it due to the shift towards live performances as the main source of income, causing more artists to want to tour? What are the pros and cons of this trend, and where does the pressure come from? And how do stay true to your identity as an organizer while finding a balance between ticket sales and artistic quality?