Probably a bunch of factors... Tier 1 city RE prices have made live entertainment venues harder to run profitably. GenZ studies have found a lower participation in "risky behavior" which late night clubbing may or not be considered. Mobile internet & smartphones seem to be killing all forms of live in person interaction. And finally electronic music of various forms used to be a niche, and now it's mainstream. In the…
I think this is definitely the biggest reason.
The average YouTube video probably has serious electronic music going for it.
Back in the '80s and '90s you felt rebellious listening to that stuff. Now it's so common it borders on proverbial.
I'd probably go to a public venue that plays 90s and 2000s electronic music but for me it would be the equivalent of my boomer mom going to a Fleetwood Mac concert in the '90s. Just more nostalgia than a desire to relive the rave days. There's no way I could dance the way I used to in the '90s. There would need to be seating there for my old Xennial butt.