I suspect you mean the latter, though with modern audio tech, well-mic'd and mastered recordings can easily sound ... if not better, then more intense, than live performances.
Though there's nothing like seeing the music being performed live.
To me a philharmonic concert sounds... very different than recorded audio. I'm confident I can double-blindly 100% tell the difference. And so can everyone else. This is one experiment I'd be happy to participate in.
And the obvious difference: live 'rock' etc. is still coming through speakers.
> To demonstrate the veracity of Lyngdorf's "Is it real, or is it Memorex" claim, Birkelund invited the trio to begin performing. After playing for what felt like, at most, 30 seconds, the musicians began to fade out as the volume of a pre-recorded track of the same music was turned up. Although the much too short demo left many in the room a gasp at how remarkably close the live trio and tuned-to-the-room system sounded, Birkelund failed to mention that the Model D system was never silent.
https://www.stereophile.com/content/steinway-lyngdorfs-elega...