All that caused is a big shift in income from record labels to venues and concert promoters, the artists did not end up any better off than they were before.
I've seen quotes about 60% of gross for artists with the rest being split between the ticket processor, promoter, taxes, etc. That 60% has to cover the artists' costs (not the venue but roadies, sound engineers, lighting crew, catering, tour manager, backing singers, extra musicians, dancers and so on
https://www.theguardian.com/music/2017/jan/30/where-does-con...
http://www.wisebread.com/how-much-a-breakdown-of-concert-tic...