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Live or not, they will distribute the same way as today: 1 source to leak it. All he have to do is rip the live show and then make it available for others.
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To rip means to make a copy of it and distribute it. Until we develop an instant cloning process to clone the performer I don't see that happening.
What you are talking about must either be leaking passwords or recording the show.
While the first is something you can stop at the source the latter is not a live show.
Since live is the main attraction of it, I don't see the harm in ripping it. In fact if its any good it might even entice more to go see the live show
I don't see that as a bad thing at all, in fact if I were hosting live shows I'd be giving away recordings of it myself :D