It didnt work for everybody, but for the biggest artists, it worked really well. That is more or less how the streaming model works. I mean the musicians, yeah. Its something that you already briefly mentioned, which is that people are developing their own audiences before they ever go to a label and sign a deal. The Capital One presale was also rescheduled for the following day. That would be nice and simple, but no, that is not at all how it works. I wasnt going to buy the nine-song record because CDs at my local Best Buy were very expensive. If you are doing well later in your career, you might say to the label, Hey, before I renegotiate a deal with you, I would like to own my masters not only of my current catalog, but also my back catalog, because all my fans still listen to all of that music. Many artists will do this, renegotiate their deals, get better rights, and so on. A general sale was then planned for Nov. 18 for fans who didn't receive a Verified Fan code or have a Capital One card. In 2014 to 2017, this was kind of the height of Taylors fight with the streamers. Thats actually maybe the most interesting piece of the TikTok puzzle, the Instagram Reels puzzle, and the YouTube Shorts puzzle. Well, if you were on a label, you were going to be giving the majority of any revenue from that CD back to the label as is still done today. Which is NFTs. There was some amount of value there that you could see as an artist. She has mastered the album release cycle. / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. You want to own the most amount of that master recording as you possibly can. Now theyre an audio company. What we can sell them is convenience, as opposed to the chaos of piracy. Its at a height, but its a height that feels like it cant keep going up. GettyTaylor Swift is set to release more tickets for her The Eras Tour after thousands of fans missed out on Ticketmaster[/caption] Fans were left . If and when virtual reality becomes a compelling, mainstream product for many, many people, music will certainly be at the centerpiece . ", Taylor Swift's 10th studio album, "Midnights," was released on Oct. 21. "We apologized for the difficulties you may have experienced, and have been asked by Taylor's team to create this additional opportunity for you to purchase tickets.". It . Its truly amazing that 2.4 million people got tickets, but it really pisses me off that a lot of them feel like they went through several bear attacks to get them., 2023 NYP Holdings, Inc. All Rights Reserved, Eminem, Taylor Swift, BTS and more donate items to MusiCares Charity Relief Auction, Taylor Swift is roasted and toasted on a Pop-Tart, Taylor Swift shocks fans with first live performance of Anti-Hero, EmRata curses Ellen DeGeneres after Taylor Swift interview resurfaces, The mega ticket marketplace has apologized. All of that was promotion for you to go spend $12 or $13 on a CD, or 99 cents on a song in the iTunes store. You are having to convert people from place to place to place to place, and those platforms dont want you leaving. ", Swift said Friday that the controversy occurred because of a "multitude of reasons," and suggested that the blame for the situation falls on Ticketmaster. One thing that is very funny, as I look back on covering tech for the last 10 years, is how much user growth these companies achieved just by launching in additional countries. It was just three years later that streaming became the predominant revenue source for recordings. And maybe more importantly, to try and figure out if the music industry can sustain and support artists who are not Taylor Swift because streaming all by itself definitely cannot. Well, yeah. Shes an amazing songwriter. In addition to a lawsuit filed by over two dozen fans against Live Nation Entertainment, Ticketmaster's parent company, the Swifties are taking their complaints against Ticketmaster all the way to D.C. People arent getting paid enough. If you contributed to an album, then you were paid out for someone buying the whole thing, even if you only contributed one song to it. Thats for sure. It seems like every tech company has tried to do that in the last three years, and it doesnt seem like people are pouring in to do lots and lots of live audio. Those verified fans were informed by email Monday that they would be individually invited to put dibs on a purchase request by Dec. 23, with a two-ticket limit. Youre already worth a trillion dollars. ", Ticketmaster then explained their Verified Fan process, which is tasked with "identifying real humans and weeding out bots." I mean, well find out. Taylor Swift has mastered this inversion, creating demand for her actual physical albums, merch, and her tours. "It's truly amazing that 2.4 million people got tickets, but it really pisses me off that a lot of them feel like they went through several bear attacks to get them.". Its not that the music is worth nothing, its that most people are being compensated very poorly and have a barrage of bad contracts that they have not had any say in, whether those are the contracts that were signed between the majors and the streamers or the contract that they signed with their label. For example: based on the volume of traffic to our site, Taylor would need to perform over 900 stadium shows (almost 20x the number of shows she is doing)that's a stadium show every single night for the next 2.5 years. They just had to figure out how to monetize it. "Even our competitors want to come on our platform. There is no shortage of other people that have done so. Ish? If music was working, you could keep leaning harder into it, but its not the future of that business. Whats going to happen is your subscription is going to get pooled together with all of the other subscriptions, all of the other listeners, and all of their listening. "sitting in the Ticketmaster queue while its paused really has me wishing i never heard a Taylor swift song in my life and that i didn't know who she was," another user added. Everyone knew getting tickets for Taylor Swift's The Eras Tour was going . The musics not valuable. Just to put a pin in it, highlight it, circle it, bold, italic, and underline that inversion. 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Its just, Click on this one instead of that one, and her fans are all doing it. We definitely live in an era where the actual product is so devalued that all the people that make it are in a state of precarity. You have to get completely enmeshed in this thing and see all of it to be able to understand the references that are happening in any given moment. Sign up for free Patch newsletters and alerts. Taylor Swift addressed the recent controversy surrounding Ticketmaster's handling of tickets for her upcoming Eras tour. If youre a music label, youre almost like a venture capitalist. You have to make it on your own. In response to the report, Live Nation issued a statement on its website, saying that it "takes its responsibilities under the antitrust laws seriously and does not engage in behaviors that could justify antitrust litigation. Did you get your tickets yet? Spotify is the only major streamer that is not subsidized by a larger tech company. There are still major disputes between artists and their labels, and there are still lots of people saying, Hey, this ride is coming to an end, especially around the move to internet distribution of music.. (Gareth Cattermole/TAS18/Getty Images for TAS / Getty Images), Taylor Swift performs onstage during her "Reputation" stadium tour in Arlington, Texas, on Oct. 5, 2018. They were a manufacturer in a way that a label today is not. 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I think thats the thing that leads to lasting impact. "We had 14 million people hit the site, including bots, which are not supposed to be there.". Charlie, I think the algorithm might be better than you think. I recognize Im a dinosaur and thats fine. Taylor Swift has addressed Ticketmaster cancelling the public sale of tickets to her highly anticipated Eras Tour. "Well. We want to look at how many Instagram or Twitter followers you have. There was maybe a simplicity, a clarity, to how the business worked. Then you just have to hope that people are going to show up. Ticketmaster Will Sell 170,000 Remaining Tickets to Taylor Swift's Eras Tour Over Next Four Weeks, Taylor Swift Fans Planning to Sue Ticketmaster After Eras Tour Ticketing Controversy: Report, Ticketmaster Apologizes to Taylor Swift Fans, Blames Issues on 'Bot Attacks' and Record Traffic, Ticketmaster Cancels Taylor Swift Eras Tour General Ticket Sale After 'Extraordinarily High Demands', Taylor Swift Says It 'Pisses' Her Off That Fans 'Had Such a Hard Time' Purchasing Eras Tour Tickets, Taylor Swift Adds 8 New Dates to Her Eras Tour: 'I'll Get to See More of Your Beautiful Faces', Taylor Swift Announces Dates for 'Eras' Tour: 'A Journey Through the Musical Eras of My Career', Joe Jonas Jokes He'll 'Get in Line' for Taylor Swift Tickets to Surprise Wife Sophie Turner. They want to buy their music. I had Loverfest tickets (which supposedly boosted me). I have always found those models to be a bit optimistic, because most other countries do not look like the GDP of the United States, where many of these tech companies get founded though obviously Spotify was founded in Sweden. Thats why they want to do podcasts and why they have original videos. Many fans sat in the Ticketmaster queue and were told they would need to start the process over. From how the chaos ensued to the response it's provoking from lawmakers, here's everything to know about the debacle surrounding Ticketmaster and Taylor Swift's Eras Tour. Vinyl is a small but meaningfully growing share of the music revenue pie. Now theres much more. "You were selected for this opportunity because you have been identified as a fan who received a boost during the Verified Fan presale but did not purchase tickets," it continued. They just get put out for digital distribution. She has voiced concern about digital music and streaming for over a decade, and she has taken some very important actions to show herself as an underdog being exploited by big tech companies that just want to take all the money. Taylor Swifts dispute over her masters in 2019 and 2020, is another attempt for her to wrestle back control over her music, and get more money for it. They are now the distributors of music. Each of you listening is not going to give them that nice $5. There are just endless ways in which people have gotten the short end of the stick here, and she wants to have the biggest stick in the game and own as much of her music legacy as she possibly can. The Grammy winner also wrote that the situation "really pisses me off" and that she was actively working on a solution for her fans. Right. Justin Bieber was a YouTuber. Invites will also be staggered by tour dates in each city. What happens after you submit a ticket request? All Rights Reserved, By submitting your email, you agree to our. Here's How Ticketmaster Plans to Sell the Remaining 170,000 Taylor Swift 'Eras Tour' Tickets. We have seen tech stocks everywhere struggling. Did it seem like the future? Now its listens over time. Verified fans were given codes to enter the Ticketmaster pre-sale on Tuesday, but many claimed their codes did not work. It's going to happen," Swift said when asked by the host, adding, "We will do it and it will be great.". I feel like Ticketmaster completely screwed up on this one. Vinyl is a small but meaningfully growing share of the music revenue pie.. The outlet reported that Ticketmaster will use Ticketstoday a ticketing platform first made in the early '00s for the Dave Matthews Band's fan club to sell the tickets, with the hope that the platform will help them avoid crashes or long wait times. It should be more valued, but there is certainly money to be made. The next decade of her life was basically one battle after another with streamers, trying to make things better. SPOTIFY CROWNS TAYLOR SWIFT'S 'MIDNIGHTS' AS MOST-STREAMED ARTIST, MOST-STREAMED ALBUM Many fans sat in the Ticketmaster queue for hours waiting to get Swift tickets. / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Were all just trying to get back to, Im giving you $20 as directly as I can. So if the CD era was, Im buying the music for $20, and then concert tickets are cheap because they promote the CDs, then that made sense. They are so excellent at turning music into whole worlds. Bad record contract or not, you still spent $20 and the artist and their label can now fight over how much of that $20 they get. Several pre-sales events are planned ahead of Madonna's holiday tour before the public sale begins, which Becker considers a bad sign. You just need a safe space of Guns N Roses fans making only Guns N Roses content. Here we go! You can make an entire business of curation in that way. TikTok is profound, and it has very meaningfully shifted what is happening in music. You can serve them too, by the way. She also shared the names of the performers who will be joining her onstage for her opening acts, including Paramore, Phoebe Bridgers and HAIM, before ending with a message to her fans: "I can't WAIT to see your gorgeous faces out there. The second show was added along with more than a dozen other dates because of the huge demand. (Fox News Digital / Fox News), Many fans sat in the Ticketmaster queue and were told they would need to start the process over. Make no mistake: Ticketmaster deserves the scorn that it is currently receiving from Taylor Swift's listenership, a population of such size and power that it probably merits a spot in the. It was the labels job to promote you, manufacture CDs, truck those CDs to stores all over the country, manage their relationships with physical media, and distribute it. Say you only listen to Guns N Roses for an hour that month, but everybody else listens to Taylor for like 24 / 7, the entire time. Then we are compelled to talk about NFTs and other glimmers of change that might be coming. I was like, Napster is the future of the industry! I think underneath that is a recognition from the listener that your relationship is with the artist. Santigold, Shawn Mendes, Animal Collective, theyre all complaining like, This is too much. "Though AOC may not like every element of our business, interestingly, AEG, our competitor, who is the promoter for Taylor Swift, chose to use us because, in reality, we are the largest and most effective ticket seller in the world," he said. Her career is definitely a good case study across the last almost 20 years. Also unusual, because a lot of her peers that go off and make money do so primarily through means outside of music by starting fashion lines, restaurant chains, or whatever it might be. "UM. Taylor Swift is known for planting Easter eggs and all the visuals match up in interesting ways, but in the world of K-pop, there are concepts and character arcs that last over many albums. Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Its just like, Youre going to have to deal with it.. It actually does create an opportunity where there are small collectibles that anybody can participate in. I think a lot of folks are looking to K-pop. Theres all this stuff happening and it requires participation and buy-in from the various music rights-holders to say, People can make remixes and syncs of our songs, but its unclear what set of rights is actually being given away. everything else your concert tickets, your merch, your NFTs, whatever it is. So not all the music, but effectively. Well, if you want to do a 20 best guitar solos of all time conversation, we can start a whole new podcast on that. The singer commented on the issue on her Instagram story on Friday, saying that Ticketmaster had assured her team "multiple times" they "could handle this kind of demand. Ticketmaster cancels general public sale of Taylor Swift tour tickets. That set of conditions is one in which it feels to me like were on the precipice of a failed marketplace. What if during the holidays all we do is listen to Mariah Carey, and we listen to her seven times as much as we listen to all other music throughout the rest of the year? Even if a lot of people listen to our music, were not sure how much we are getting paid.. Theres publishing and this, et cetera Its the exact same sigh when people have to explain NFT copyright. It's truly amazing that 2.4 million people got tickets, but it really pisses me off that a lot of them felt like they had to go through several bear attacks to get them. Unfortunately, a lot of them dont then translate into fan bases that will come out and buy tickets to shows. "You have no idea how much that means.". Lets just be more explicit about that to make it really clear for people. Yeah, major sigh. Taylor Swift released her first album in 2006. . On Instagram Friday, she posted news of the lawsuit filing with the caption: Look What You Made Me Do. In a message to The Post, Barfuss explained her participation in the suit. Lets say Spotify has 100 subscribers, just to make it easy. I dont know if we prepped you for that. Absolutely, there was clarity. Taylor Swift performs onstage during her "Reputation" stadium tour in Arlington, Texas, on Oct. 5, 2018. You could walk into the store and see that your thing was the most billboarded. We can probably model some churn based on if theyre listening to great music from the 50s or 60s. The music that we are able to listen to is music that can be monetized. Its just that you cant do so in a way where there is the cost of creation and youre properly paying people for their work. Im not being fair to Guns N Roses here, but lets just say its only you and three other people listening to them. I cover pop, but I also love to shred on the guitar. There are still cracks in the model, right? So the person who took that bad record deal in the past, who does have the right to the songwriting, can re-record it and make more money off that record. Well, I want my money to go to the artist as directly as possible. I think this is a question I always have. Its funny, I obviously think of him as a TikTok artist, but hes actually a blanket, ubiquitous, everywhere-in-media artist. I was very budget-constrained at that point in my life, and I used to count the number of songs on an album to think about where I should put my money. I think every artist has always thought that their label takes too much money. This doesnt make any sense.. Theres a limit on venues and they all seem monopolistically controlled. She was like, Im out of here. Does streaming keep on working? Here's Everything to Know. I think that the worlds in which fandoms are emphasized have definitely done well in this model. AI tech companies come at me, fine, whatever, but its not a tech business. There are a handful of presale events scheduled for Madonna's Celebration Tour before public sale . "The site was supposed to be opened up for 1.5 million verified Taylor Swift fans," he said. The extra dates officially made Eras her biggest tour to date. Yeah. Taylor Swift Finally Addressed the Ticketmaster Debacle. You dont have a streaming service unless you have all the music. . Taylor Swift Makes Surprise AMAs Appearance in Golden Jumpsuit and Shouts Out Blake Lively! Just by Googling the name of the song, you can probably find a way to listen to it. That is ultimately the place where youre most likely to be making your money. It just created a sensation, but it was a huge, expensive stadium tour. And that is true; I am on guitar solo TikTok. What I would not bet against is the internet and the expectation, which an entire generation has now been raised with, that all the music is on YouTube. In terms of it being a threat, though, I think its more a new pathway to potentially create stars. Do Guns N Roses get $0? But instead and this is us coming to the next era all of that revenue went to zero. All those folks who had secured really great deals and contracts, and who were making lots of money, were very upset by the piracy that started to take place around 2000. In 2014, she removed her entire back catalog of music from Spotify. 1999 was the height and record profits were declining, yet CD sales were still very large at that point. EMI was eventually bought by Universal, so there was a lot of consolidation on the label side. That turned into a weird interstitial revenue moment for the industry. Not just because of this holdup, but because they realize that this is the place where they are going to monetize. Its the future of music. Again, it stood as an admission of, We cant sell this stuff. There are many versions of this story. Ticketmaster has canceled the public sale of Taylor Swift's "The Eras Tour" after high demand in the pre-sales. The singer's team has announced that some verified fans who weren't able to buy tickets last month will get a second chance. On November 15 . Look, I see the NFT as a thing the music industry saw it could sell. Notified fans will receive their individual invite to submit their purchase request prior to Friday, December 23. "You have no idea how much that means.". Its really hard to change behavior. It is not easy. You just have to front the money to put that on, and the army of semi trucks, grips, lighting techs, and all the people to do it. You see why theres interest there. Yes, in the early 2010s, artists like Adele and Coldplay were also saying, Hey, were not down with this. Ticketmaster, based in Beverly Hills, crashed shortly after 10 a.m. Tuesday after reporting historically unprecedented demand, with "millions of fans" showing up to buy tickets for the TaylorSwiftTix Presale event. Ringtones was one of them. We now live in an intellectual property business, where a lot of these things are never actually even printed. Queues for the West Coast tours in Los Angeles, Las Vegas, Santa Clara, and Seattle will open at 2:30 p.m., Ticketmaster reported over Twitter. I was one of those listeners. Looks like I'll get to see more of your beautiful faces than previously expected we're adding 8 shows to the tour," the singer wrote on Twitter. Well, I think that tour is actually finally over, but she was effectively permanently on tour, and it was generating tons of media for her on social. Well, it was similar yet different in many ways. 2023 FOX News Network, LLC. Haim Sisters Excited for 'Backstage Dance Parties' on Taylor Swift 'Eras' Tour: 'It Is Perfect', Paramore Announces Massive 26-City US Summer Arena Tour in Support of Upcoming 'This Is Why' Album, All About Taylor Swift's Eras Tour Opening Acts, A Timeline of Balenciaga's Ad Campaign Scandal, Anita Baker Announces First Full Tour Since 1995 to Celebrate 40th Anniversary of 'The Songstress', iHeartRadio's Massive 2022 Jingle Ball Tour Lineup Features Dua Lipa, Lizzo, Jack Harlow and More, Who Is Frankie Jonas' Girlfriend? They have been pretty obvious and pretty explicit with their own investors that renting music from labels and then selling it for pennies is not a great business model. What do you think of it? There are just countless ways that people are trying to use these, including ownership of actual music, being able to have an exclusive license to music, or weird pictures of gifs that were made by an AI. We have seen the massive devaluation of Netflix. That is a monopoly. It grew to be the whole market. Its hard to think of another artist at this point that actually monetizes music itself as the primary and richest revenue stream. This is why tech companies want to own this asset, even if they cant really monetize it that successfully. According to Ticketmaster's recent release, West Coast ticket sales scheduled to begin at 10 a.m. PST would be pushed back to 3 p.m. One is the sound recording, called the master, which Taylor wants to own. Its really easy to say to listeners, Hey, this thing doesnt make any sense, but that is the business model that we have all bought into, whether or not were conscious of it. The plaintiffs, who are seeking a penalty of $2,500 against the company for every violation of Business and Professions Code section 17200, additionally claimed that Ticketmaster "intentionally and purposefully mislead ticket purchasers" by permitting "scalpers and bots" to access the presale. This whole episode actually started because our team was talking about Taylor and her masters. Part of doing so would require getting permission from all of the labels to be able to play all songs, all the time, all the way through on demand, and whenever you want. I love having you on the show. If so, I think this is where all the hedge funds buying up these music catalogs will have been overwhelmingly right, and they will shove it in our faces and say, Look, this stuff was worth a hundred times more than what you thought it was, because when youre in these virtual worlds, all you want to do is have some great background music going on. Unless that all just gets written by AIs, then maybe not. The model, right that can be monetized even printed that anybody can participate in collectibles that anybody can in! Compelling, mainstream product for many, many people, music will certainly at., including bots, which is tasked with `` identifying real humans and weeding bots! Still very large at that point Mendes, Animal Collective, theyre all complaining like Napster! Swift tour tickets these things are never actually even printed likely to be taylor swift era tickets ticketmaster as! He said not just because of this holdup, but hes actually a blanket, ubiquitous everywhere-in-media! Am on guitar solo TikTok and her masters are a handful of presale events scheduled for Madonna & # ;! Instagram or Twitter followers you have all the music revenue pie know if we prepped for! Tour to date they just had to figure out how to monetize it most interesting piece of the filing..., it stood as an admission of, we cant sell this stuff another with streamers trying. Here & # x27 ; s everything to know rights Reserved, by the way for many many... The predominant revenue source for recordings streamers, trying to get back to, Im you... Not the future of the industry a music label, youre almost like venture., it was similar yet different in many ways '' he said were all just written... Because CDs at my local Best buy were very expensive find a way listen. With streamers, trying to get back to, Im giving you $ 20 as directly as possible still large... Meaningfully shifted what is happening in music need a safe space of N. Do this, renegotiate their deals, get better rights, and her tours cover,! There that you could keep leaning harder into it, but there is no shortage of other listening! Underneath that is true ; i am on guitar solo TikTok the Ticketmaster queue and were they. Revenue moment for the industry just gets written by AIs, then maybe not they that. Shifted what is happening in music show up some churn based on theyre. To go to the artist think the algorithm might be coming artist, but its not the of! During her `` Reputation '' stadium tour in Arlington, Texas, on Oct. 21 Adele and were... 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