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In the last 10 years, live music – from ­supergroups rocking world-famous festivals to kids thrashing it out in dive bar basements – has grown to replace the CD as the dominant force in making money from melodies.

Besides the headliners what do you see at your Sonar, your Fuji Rock? An array of familiar but foreign names on guitars, keyboards and drum kits that aren’t the same names that make your stereo, TV or laptop but must be huge in their field. And what about the horn ­section and the lights and mics? Monocle investigates the multi-million…

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