Kilimanjaro Live senior promoter Steve Tilley believes talk of a financial power shift from the record industry to the live sector is “an urban myth”.

Tilley, who has worked with Ed Sheeran for the past five years and is promoting the singer’s upcoming sold out shows at Wembley Stadium in July, said margins were still tight in the live music business.

“I think [a power shift] might just be an urban myth to be honest,” said Tilley (pictured ...