I had Loverfest tickets (which supposedly boosted me). Swift had been set to perform the "Lover Fest" tour in 2020, but it was canceled due to the coronavirus pandemic. They want to exit or they actually believe in this system and think that those revenues in the future are going to be very valuable. But because of the structure of the industry, that relationship has all but disintegrated. If the point of the big streaming inversion was, Were going to move the $20 transaction from you paying for the song to you paying for the experience, that to me is yet more evidence that this thing is on a precipice. But that share of the 100,000 songs a day that are being uploaded to Spotify from artists that are just getting going, I think a lot of those might actually never even come close to collecting $20. 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. There are plenty of places where they deserve credit, but in terms of their ownership stakes, no, of course not. In 2020, you could have one breakout song that had hundreds of millions of streams on it on TikTok. The ticket-selling. Youre not going to get the US consumer everywhere you go around the world. Charlie was like, Well, there are two parts of the song. Its the only way that you can hear these songs. In response to the presale fiasco, more than two dozen Swifties teamed up and filed a lawsuit against Live Nation Entertainment. The question is, do we keep listening in this way? There are so many robot nursery rhymes that go viral on TikTok and then they kind of go nowhere. Since that time, hundreds of thousands registered for the right to purchase tickets days earlier than otherwise available through Ticketmaster. "The Eras Tour, a journey through the musical eras of my career (past & present!) I had a boost email from TaylorNation, she wrote. "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. AP Taylor Swift at the MTV Europe Music Awards Nov. 13 in Duesseldorf, Germany. What Im getting at is that they made physical things. 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. Her action has been to say, Well, Im just going to re-record all my music, and hopefully my fans will listen to my version versus the version that I dont own.. everything else your concert tickets, your merch, your NFTs, whatever it is. (Fox News Digital / Fox News). "Thank you for wanting to be there," she said. Thats actually maybe the most interesting piece of the TikTok puzzle, the Instagram Reels puzzle, and the YouTube Shorts puzzle. At some point, she met the industry in the middle. Everyone is mad at Ticketmaster, and like, Dua Lipa needs to go home. You have to enter the content creator world and build your identity off that. Swift hastwo shows scheduled in Pittsburghfor June 16 and June 17. When I say streaming is on the rocks, what Im getting at is that its still not as valuable to anyone as it should be. What Im getting at is that the marketing funnel is really hard. Harris dead at 31. This material may not be published, broadcast, rewritten, or redistributed. Now its listens over time. That revenue was going to the labels, not the artists. Will Austin Madonna tickets mirror Taylor Swift Ticketmaster . Are there going to be another 20? 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. "Thank you for wanting to be there," she said. Lets just be more explicit about that to make it really clear for people. Your job is to go make a ton of bets and hope that one of those will fund all of the bets that fail, and that it does so extremely well and makes you a lot of money. I think that middle step of, We need to print CDs, we need to promote CDs, we need to sell CDs, and we need to have a relationship with retailers in order to even have the CDs in the stores, always seemed like a big chunk of revenue that should naturally go to the artist. Spotify and others pay billions of dollars to rights-holders, and she is making sure that shes a rights-holder. Here's how it plans to handle selling them. They had raised the prices when they went from vinyl and cassettes to CDs. You were talking about how if you go viral on TikTok, then all of your fans will go listen to you on Spotify, then they might go buy a T-shirt, then they might end up buying a tour ticket. Shortly after announcing the Eras Tour, Swift added eight new dates to the highly anticipated event. He creates whole media cycles off of the things that he makes. There are no founder-friendly music labels out there. In 2014, she removed her entire back catalog of music from Spotify. They dont have exactly that license right now, as far as I understand. Its long gone. Now theres much more. Its an unusual part of the licensing arrangement in the United States, and its not common elsewhere. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Taylor Swift on Friday responded to fan frustration over the botched presale for her upcoming "The Eras" tour which led to Ticketmaster's decision to cancel the public sale of tickets. Taylor puts out her first record and she wants people to listen to it, so she has to go on radio and on tour. Tuesdays top tech news: An Apple (a) day, Watch Apples 19-minute M2 MacBook Pro and Mini intro video, The Mac Pro is now Apples last machine with an Intel chip, Apples M1 iPad Air is back down to its lowest price, Apple announces MacBook Pros with M2 Pro and M2 Max chips. / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. And then Taylor Swift transcends it all. I interviewed the artist Tai Verdes a year into the pandemic and he broke out his entire career on TikTok. November 18, 2022 / 1:08 PM The labels themselves are saying, Were not going to sign an unsigned artist. The value exchange they did at the beginning in the CD era, where they fronted a bunch of money to an unknown artist and spent a bunch of money on promotion and cocktail parties for Tower Records middle management retail employees, that is all out the window. If you go back in this episode to when I asked Charlie to explain music licensing, there was a sigh. Over time, as more music ended up on Spotify and people diversified their listening, there was more competition. Thats for sure. What happens after you submit a ticket request? Now theyre an audio company. I think betting against streaming is perhaps unwise, but given that every supplier and musician is extremely unhappy at the moment, it seems like prices need to go up and it seems like this whole thing is a little bit on the edge. According to documents obtained by Deadline, Live Nation Entertainment is being accused of violating the state's Cartwright Act and Unfair Competition Law, fraud, misrepresentation and fraudulent inducement. Taylor Swift fans were disappointed in the experience with Ticketmaster. It gets proven out in Europe over time. Shes in her contract negotiations with Universal, and made sure that part of Universals ownership with Spotify will eventually distribute out to artists if they were to sell it. There are people that make middle-class livings by doing Patreon and other subscriber-based tools that kind of exist at a hybrid of music and other content. "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. But the labels, they navigate it. In the 2010s, with each record release, there seemed to be a major dispute with the streamers., Well in the 2010s, with each record release, there seemed to be a major dispute with the streamers. )," the Grammy winner wrote on social media. Which is NFTs. It grew to be the whole market. Taylor Swift released her first album in 2006. . You still have the music on streaming, but she also has a tour that everybody is dying to see. There is only so far you can go with user growth in countries that have lower base income and where people have more sensitivity to price fluctuations. Each of you listening is not going to give them that nice $5. Tennesee Attorney General Jonathan Skrmetti has launched an investigation into Ticketmaster due to the amount of issues raised by customers throughout the Swift pre-sales. ", "It goes without saying that I'm extremely protective of my fans," she said. 4 tickets together to the ERA'S TOUR Taylor Swift on Saturday May 13th (5/13/23)! Were looking at Taylor Swift and using her career to chart us through this era. That helped persuade me eventually, but most of us were just trying to listen to everything that we wanted whenever we wanted. People arent getting paid enough. Dec. 12, 2022, 1:37 PM PST. There are not as many folks in the middle class of streaming as the streamers would like to say there are. They want to have a relationship with it. This was a religious war inside the tech and media industries. You want to own the most amount of that master recording as you possibly can. One, I think we both very much like Taylor Swifts music and we think shes a good musician. You are having to convert people from place to place to place to place, and those platforms dont want you leaving. The suit also alleged that Ticketmaster provided more codes than ticket allotment and scheduled the general ticket sale "knowing they would not have the quantity necessary" to fulfill the demand. But culturally? It was probably on her terms, but even Taylor Swift could not get people to pay higher fees or subscribe to a music streaming service while also paying for CDs. What you do is you say, Hey, were going to give you a little bit of an advance. Talk to us about the CD era. Many fans sat in the Ticketmaster queue and were told they would need to start the process over. 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. Like the streaming model, there is going to be a cap on the amount of concerts that people are going to go to. Call it what you want, but it seems safe to say at this point that the rush to buy Taylor Swift concert tickets was a complete fiasco. Its the future of music. Again, it stood as an admission of, We cant sell this stuff. The second show was added along with more than a dozen other dates because of the huge demand. It seems the only option is to go find radical alternatives and get into the world of crypto in order to survive in music. Section 240 Row 15 Seats 22-25 Transfer from Ticketmaster electronically upon payment : tickets are in hand. Thats the other thing I want to stipulate. This is how theyre going to bring all of their money in. I would pick Lil Nas X as well. Taylor Swift | The Eras Tour See Tickets Mar 25 Sat 6:30pm Allegiant Stadium - Las Vegas , NV Taylor Swift | The Eras Tour See Tickets Apr 13 Thu 6:30pm Raymond James Stadium - Tampa, FL Taylor Swift | The Eras Tour See Tickets Apr 14 Fri 6:30pm Raymond James Stadium - Tampa, FL Taylor Swift | The Eras Tour See Tickets Apr 15 Sat 6:30pm Walk us through why Taylor wants to re-record her songs, and how this connects to the big catalog sales were seeing from artists like Neil Young, and there was a report about Dr Dre over the weekend. I dont have insight into her taxes, but obviously she has done movies and she has brand endorsements. On Nov. 18, Swift spoke out about the fiasco in a message to her fans via her Instagram Story. Taylor Swift has mastered this inversion, creating demand for her actual physical albums, merch, and her tours. The singer commented on the issue on her Instagram story on Friday, saying that . Only ticket buyers who were verified were permitted to enter a queue. So, critically, Spotify is just deeply linked to the major labels. That whole thing doesnt make sense. He and his Consumer Protection team will use every available tool to ensure that no consumer protection laws were violated," his office tweeted Wednesday. Its not the nicest ocean to swim in. He noted that Swift's lack of concerts since her "Reputation" tour which ran from May to November 2018 could have contributed to the high demand. 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. So much information is not accessible. Hopeful concert attendees could register in advance through Ticketmaster's Verified Fan Program for a Nov. 15 presale, while Capital One cardholders could participate in another presale happening that same day. I think there are many places in the whole music industry, in all aspects of it, that are struggling. Its tenuous. The iPod is out, but Apple is still saying, Rip. Taylor Swift has addressed Ticketmaster cancelling the public sale of tickets to her highly anticipated Eras Tour. "I'm not going to make excuses for anyone because we asked them, multiple times, if they could handle this kind of demand and we were assured they could. If and when virtual reality becomes a compelling, mainstream product for many, many people, music will certainly be at the centerpiece . He has transcended the platform. Presale codes were then sent out to 1.5 million potential ticket buyers, while the remaining 2 million people were put on a waitlist. 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. I was a collector. TikTok is profound, and it has very meaningfully shifted what is happening in music. They dont know how much listening is going to happen during that time, and they dont know exactly how much revenue theres going to be in any given time period either. Swifties reported website outages and hours-long waits only to log off empty-handed. This whole episode actually started because our team was talking about Taylor and her masters. 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. We have to talk about music licensing. Ticketmaster said it saw a "historic demand for tickets" during Taylor Swift's presale Tuesday. In less than an hour of availability, the ticketing platform's servers were "unable to answer", with . Obviously, with an NFT, you dont have to front the cost of a tour and you dont have to manufacture clocks. Greg Maffei CEO of Liberty Media, which owns a majority stake of Live Nation told CNBCthat 14 million people and bots ended up flocking to the site. "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.". But yes, you were promoting the thing that you could sell. 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. Now, here in 2023, the music is marketing for you selling everything else your concert tickets, your merch, your NFTs, whatever it is. I didnt want to rent, and I wasnt into the streaming thing. I dont know. Do they know that their business is out the window? I hate that word, but lets just say it. There were some smaller versions of this business that launched in the United States RIP Rdio, which was a Verge favorite. Thats what Im saying. So I think something could happen there. Now we live in a world where people can blow up on TikTok overnight and negotiate very favorable terms with a label because they have already built an audience. The company said the cancelation was triggered by unprecedented demand, with more than 3.5 million people pre-registered to get an access code for purchasing tickets. Spotify is one of the only major music streaming platforms not owned by a big tech company, and people want them to disentangle their revenues and their costs in a way that could sink the business a business which already doesnt make money. Artists and performers didnt get paid off with radio streams unless they were a songwriter. Then we are compelled to talk about NFTs and other glimmers of change that might be coming. She has inhabited a lot of them and been able to go with the changes in a way that many artists have not. If music was working, you could keep leaning harder into it, but its not the future of that business. A lot of her early records were released on CD, but by Red, there was a lot of pressure to put things on streaming. You kept more of your revenues if you own your music, youre always better off but it was much more challenging as an independent. The Pennsylvania Attorney General's Office is even getting involved, telling residents experiencing problems with the site tosubmit a complaint. I remember Steve Jobs saying, People dont want to rent their music. But yeah, definitely. Thats why they want to do podcasts and why they have original videos. People dont get that it is this weird pooling model. We have seen tech stocks everywhere struggling. Perhaps TikTok is going to launch its own music service, but that would still put them in the world of just being yet another streamer. I am curious and skeptical whether or not that simpler model could work. As I said, if youre the rights-holder, if youre the label or if you own the master recording, there is a lot of money to be made. Music is an art creation business, a content creation business. Along with the tour announcement came information about how fans could score tickets. There is some concern that people are only listening to music on TikTok, and that they need to listen to the really fast, sped-up version instead of the real one which is a major trend we have reported about on Switched on Pop, because that is their engagement with music. Since she has been listed as Billboard's Top Artist in the Artists 100 chart, with her song Antihero holding the top spot on the Billboard Hot 100 for the third week. Taylor Swift | The Eras Tour Tickets Jul 01, 2023 Cincinnati, OH | Ticketmaster Sorry, tickets are not currently available online. It should be more valued, but there is certainly money to be made. "Tennessee Attorney General Jonathan Skrmetti is concerned about consumer complaints related to @Ticketmaster. But you are the artist. ", She continued, "That's why we will hold a hearing on how consolidation in the live entertainment and ticketing industry harms customers and artists alike. Taylor Swift addressed the recent controversy surrounding Ticketmaster's handling of tickets for her upcoming Eras tour. There is a physical good side to the re-release and there is money to be made there, but the other side is the licensing and the intellectual property. Its at a height, but its a height that feels like it cant keep going up. Probably the most effective thing that she has done is wage this ongoing war to raise awareness that this whole thing is not fair, such that maybe when you go to listen while youre streaming, you still have a little bit of that ick feeling you might have had if you were on Napster 20 years ago like, I dont know if I should be doing this. Of course its legal now, but she has helped us question exactly how ethical it is when there is so much exploitation. Vinyl is a small but meaningfully growing share of the music revenue pie. She was like, Im out of here. Despite the disruptions, the statement explained, the Nov. 15 sale broke the Ticketmaster record for most tickets sold for an artist in a single day, selling over 2 million tickets. They got everything for free. There are no artists making billions of dollars through streaming as far as Im aware, but that said, there is certainly money to be made. Some 1.5 million fans were given a promo code for the verified fan presale, with the other 2 million placed on a waiting list. They are now the distributors of music. Its beautifully made music, and I understand that they were all dating each other and you can just hear the pain, but I find it tedious and boring. 2023 CBS Broadcasting Inc. All Rights Reserved. I want it to look grander. So ticket prices are going up, and so more people want to get out on the road and capture more of those ticket prices. 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. He is a master of the platforms, and he makes compelling and well-produced content. 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. LOS ANGELES, CA Trying to buy Taylor Swift tickets for the Eras Tour? "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. What do you think of it? Once they sign up, theres going to be a whole pool of money, and youre going to get it later., That doesnt really make sense when youre like, Yes, but I sold you the thing now and theyre listening to it now, so I should be getting paid now. This goes especially for artists who finally get their royalty payment many quarters later. From the listeners and the artists point of view, its like, What? I think this is a question I always have. This is why tech companies want to own this asset, even if they cant really monetize it that successfully. Thats Decoder everybody. I wasnt going to buy the nine-song record because CDs at my local Best Buy were very expensive. The tour is set to kick off in Arizona in March and wrap up in Los Angeles in August. The queue for those tickets, initially reserved for both Taylor Swifts verified fan base and Capitol One membersboth with pre-registration codescrashed Ticketmaster shortly before the on-sale time. The tour, which will be a "journey through the musical eras" of Swift's career, is set to kick off next March in Arizona. 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. The singer commented on the issue on her Instagram story on Friday, saying. They give you the movies that they have licensed, then things just disappear and you no longer have them. 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. ", Swift said Friday that the controversy occurred because of a "multitude of reasons," and suggested that the blame for the situation falls on Ticketmaster. Have not we wanted whenever we wanted whenever we wanted their music this... Is making sure that shes a good musician via her Instagram story on Friday, saying that i extremely., `` it goes without saying that i 'm extremely protective of career! His entire career on TikTok and like, Dua Lipa needs to go find radical alternatives get... 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