I understand filming a rare event, like a dive bar acoustic set, or reunion event, or a lesser known band who you want to help get out there on the youtubes and who could actually use the exposure from a limited fanbase. The right kind of show in the right venue can work on average recording devices. Outdoor shows are less bass-y on the audio so it can work if the crowd is tame (which is why it can work with indie/folk artists).
But I think if you're going paying big dollars to go to Rogers place to record the entirety of a Beyonce or Taylor Swift concert (know people who have) then it is both cringey and wasteful for sure.
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