Maybe their style is progressive rock and they had one hit that still plays enough to keep the royalties flowing [1]. Decades later, audiences have mostly forgotten about prog rock, but does that mean the band should abandon what they know and enjoy, just to maybe try making a Rihanna-inspired album instead? Nobody wants that either.
It sounds like a chill lifestyle to be honest, doing what you love on your own pace, sometimes delivering something new to a dwindling but dedicated audience. Degrowth is anathema to start-up culture but it might be good for the aging human mind.
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[1] A lot of people who have never actively listened to prog rock could hum “Eye in the Sky…”