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Some truth to that perhaps, but Sheeran is worth some $400,000 million. He could easily told those stadiums that if they feel the need to cancel the shows over Macklemore's statements they could do so. They would have to refund all those tickets to people. Sheeran could then just change the tour to other, smaller venues. Or even arrange free concerts in the affected towns. Instead, he bowed to those billionaire stadium owners and tried to dance around saying it wasn't his fault. Bad choice and not one I'd have made if I had his resources.
As I said earlier, I believe the fault lies with the stadium owner when he chose to not have a discussion with Macklemore. I have no idea what kind of contract Sheeran had with the owner, so it's really hard for me to speculate what Sheeran should or shouldn't have done. Easy enough to judge when we are all outsiders.
Beatles and Green Day managed it without a fraction of Sheeran's wealth and power. Capitulating was Sheeran's choice.
I honestly have no way to compare the situations.