You just need a safe space of Guns N Roses fans making only Guns N Roses content. Image source: taylorswift. The industry is very mad at Apple for this, but the iPods ascendancy is there. And then Taylor Swift transcends it all. Given the success of Midnights, Swift's overall popularity and the fact that the singer-songwriter's previous tour had been canceled due to the pandemic, Eras was immediately projected to be the hottest ticket of the year. You can serve them too, by the way. Now she has a massive fan base that she commands. It . 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. She knows that super fans will buy not only vinyl, but also the super deluxe vinyl version of the collectors thing and blah, blah. The most exciting thing in music is that people control more of their destiny. It's going to happen," Swift said when asked by the host, adding, "We will do it and it will be great.". Do we have a sense of how that works and if the labels are happy with that? If you go see an Avengers movie, you might spend $20 on a ticket plus popcorn, or if you watch it on streaming, you might spend an enormous amount of money for those streaming services. 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. ", "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," she said. In their suit, Swifties claim Ticketmaster tacitly encourages scalpers because the company gets paid fees every time tickets are resold. "Due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand, tomorrow's public on-sale for Taylor Swift | The Eras Tour has been cancelled," Ticketmaster shared Thursday on Twitter. Taylor Swift announced the Eras Tour earlier this month her first since her "Reputation" album tour in 2018 and fans are eager to get their hands on tickets. To get music, you had to go to the store and buy a physical copy of a CD, and that made everybody rich. Ticketmaster later chalked the disaster up to "historically unprecedented demand," though Swift had some choice words for the company in her response, noting that she and her team had "asked them, multiple times, if they could handle this kind of demand and we were assured they could." In. To be fair, the big knock on the music industry during the CD era was that CDs were full of filler tracks in order to make them look like a better value than they were. Theres a limit on venues and they all seem monopolistically controlled. 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. First published on November 18, 2022 / 1:42 PM. Its both, because she is putting out vinyl. The Midnights singer's loyal listeners have taken the company to task after the ticket-buying process for her upcoming Eras Tour resulted in chaos. Swift had been set to perform the "Lover Fest" tour in 2020, but it was canceled due to the coronavirus pandemic. "You have no idea how much that means.". Are there any artists that jump out to you that have pulled this off besides the Justin Biebers and Charlie Puths of the world? FOX Business Flash top headlines for November 17. The idea is that you have to just accept that people want access to everything all the time. Thats all flipped now. "UM. 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. 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. There are so many robot nursery rhymes that go viral on TikTok and then they kind of go nowhere. "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.". Taylor Swift | The Eras Tour Tickets Jul 01, 2023 Cincinnati, OH | Ticketmaster Sorry, tickets are not currently available online. A few days later, Swift confirmed she was going back on tour in 2023. She is unusual in that the length of her career spans from the end of the CD era into the streaming era. She certainly wants to own this asset for the amount of money that can be made in streaming. 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. The publishing royalties were smaller then, but you got them for every single song, whereas today, you only get publishing royalties when someone actually listens to a song. Thats amazing. . 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. Thats the other thing I want to stipulate. Youre not going to get the US consumer everywhere you go around the world. Taylor Swift performs on stage during her "Reputation" stadium tour at Wembley Stadium in London on June 23, 2018. 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. "Thank you for wanting to be there," she said. When there is no competition to incentivize better services and fair prices, we all suffer the consequences.". Yes, in the early 2010s, artists like Adele and Coldplay were also saying, Hey, were not down with this. I mean Charlie Puth was a YouTuber. 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. Apple Music is going to be fine because the iPhone is fine, right? Taylor Swift Finally Addressed the Ticketmaster Debacle. Thats where we should come to now. That to me is the thing that might change it in the TikTok context. Im not being fair to Guns N Roses here, but lets just say its only you and three other people listening to them. Everyone is mad at Ticketmaster, and like, Dua Lipa needs to go home. It gets proven out in Europe over time. They had raised the prices when they went from vinyl and cassettes to CDs. Its obvious. 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. Selling Taylor Swift ERA tickets on Stubhub - Questions! Please enter valid email address to continue. I was a collector. "I Waited 5+ Hours In The Ticketmaster Queue": Teen Is Accused Of Ruining Wedding After She Refused To Give Her Ticket To Taylor Swift's Concert To The Bride . AI tech companies come at me, fine, whatever, but its not a tech business. She said she's "trying to figure out how the situation can be improved moving forward. Currently, in Ticketmaster, they are showing as transferrable. (Gareth Cattermole/TAS18/Getty Images for TAS / Getty Images). What do you think a label is looking for? 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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. It actually does create an opportunity where there are small collectibles that anybody can participate in. If you go back and listen to other Decoder conversations, like the one we had with Steve Boom from Amazon Music, its shocking to me how over and over again music itself is undervalued. The next thing, or at least the promise of the next thing from some very motivated members of the industry, is crypto shit. Taylor Swift fans who are registered as "verified" may have a second shot at tickets to her "Eras Tour" as Ticketmaster tries to make things right after its website crashed last month amid an onslaught of orders. But I dont know if the music industry understood that it was gambling away its future in that way. They want to have a relationship with it. This was a religious war inside the tech and media industries. The mega ticket marketplace has apologized but its not enough for these diehard Swifties, who are claiming Ticketmaster purposefully misled presale ticketbuyers when it could not satisfy ticket demand.. Theyre making a really big gamble about their future. You said at the beginning here that streaming feels like its on the rocks. Were talking about crypto. Music is an art creation business, a content creation business. ", "It goes without saying that I'm extremely protective of my fans," she said. Welcome to the business show, Charlie. On Thursday, Ticketmaster canceled its general sale of the tour tickets that was supposed to debut on Friday after hours of complaints about pre-sale site complications and glitches. Nov. 11, 2022: Taylor Swift announces an additional 17 dates. According to a Ticketmaster release, fans who received the email will receive a separate invitation where they can submit a purchase request to Ticketmaster by Dec. 23. ", Swift concluded her note with a sign-off to her fans who weren't able to get tickets: "All I can say is that my hope is to provide more opportunities for us to all get together and sing these songs. 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. Ticketmaster canceled last months general public sale of Swift tour tickets after seeing historically unprecedented demand at its presale events. When you are a young artist trying to come up, and youre like, I need to build an audience on TikTok so I can go to a label and have some leverage to get back from the label what I want, how big of an audience do you need? Ringtones was one of them. 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. Fourteen million people attempted to buy Taylor Swift pre-sale tickets on Tuesday, the CEO of Ticketmaster's largest shareholder has claimed. Trouble, trouble, trouble Having trouble using Ticketmaster? Thats usually the best outcome. There is a sense that, Okay, if I cant go on tour forever, I can still find something to sell digitally for $20 that might be worth money and the secondary sales might return royalties to me. Theres a lot of promise there. Well, I want my money to go to the artist as directly as possible. Okay, theyre working to sell my product because they have a financial stake in the product too.. There are still some bonus songs where you have to go buy a thing at a retailer. For some of us, they even created tools that would help you export your music, so that you could grab your entire MP3 library and all your ripped CDs and carry them with you. Its not clear who listens to it and how, it devalues fans, there were all kinds of ways that people were very unhappy with how they got paid out. Thats to get you all the way down to, Okay, now Im just handing you $20 again. Or in the case of Taylor Swift, $6,000 for a ticket for a floor seat or whatever. "The Eras Tour, a journey through the musical eras of my career (past & present!) I interviewed the artist Tai Verdes a year into the pandemic and he broke out his entire career on TikTok. The singer commented on the issue on her Instagram story on Friday, saying that . Now heres the thing. We now live in a world where you make the thing and give it away for basically free in the hopes that people will come and join you on your tour, and thats where youre going to make all your money. It seems as though Ticketmaster should've known that arguably the . Yeah, major sigh. Taylors attempts to remake the music industry in the middle streaming period, as you might call it, all basically came to nothing, besides maybe a little more money or clout with the industry. Yes, CDs basically tanked because everybody realized, I want to listen to all the music, and I dont really want to pay for it. CDs were expensive. Taylor Swift performs onstage during her "Reputation" stadium tour in Arlington, Texas, on Oct. 5, 2018. Its often like the Marvel Cinematic Universe. We have to see how big your TikTok is before we ever sign the deal.. Mutual Fund and ETF data provided byRefinitiv Lipper. She has mastered the album release cycle. It wasnt at its lowest, but it was dropping quickly. If you got 15 songs, well, thats a lot more than the nine-song record. They would have to figure out how to succeed on the streaming side. Then thats why she ends up crashing Ticketmaster, because she understands exactly how to leverage those fans into tickets. 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. I mean, its like the bigger internet story, in that you can find more interesting, beautiful, and special little things. 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. And that is true; I am on guitar solo TikTok. By Kaetlyn Liddy. 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. I wanted all of my music that Ive ever had. 2023 FOX News Network, LLC. He and his Consumer Protection team will use every available tool to ensure that no consumer protection laws were violated," his office tweeted Wednesday. So I think something could happen there. Do Guns N Roses get $0? 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. 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. Right, because Ticketmaster is owned by Live Nation, which owns all the venues, and that is all part of the same company that owns SiriusXM, which promotes the things on the radio. These streaming platforms, which were valued as tech companies, are actually just digital media companies. The services are built on music, like audio trends, dances, and memes. But because of the structure of the industry, that relationship has all but disintegrated. I didnt want to rent, and I wasnt into the streaming thing. Does that stuff seem viable to you? She was upset about the low streaming rates that youre talking about. I pay Spotify $15 a month. 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. The marketplace of music is strange, in that the consumers are pretty happy, the distributors are doing great, and the suppliers are extremely unhappy in general. The question is, do we keep listening in this way? The singer commented on the issue on her Instagram story on Friday, saying. In the CD era, you wanted to buy a greatest hits record because it was all killer, no filler, right? We can probably model some churn based on if theyre listening to great music from the 50s or 60s. Talk to us about the CD era. One is the sound recording, called the master, which Taylor wants to own. There was like a 10-year dark era where the industry was searching for the next thing. Thank you so much. The company noted that although they only gave out 1.5 million presale codes, the site was overwhelmed on the day of the sale due to fans who showed up without a code and a "staggering number of bot attacks.". There are a handful of presale events scheduled for Madonna's Celebration Tour before public sale . A few hours after the sale's planned start time, Ticketmaster tweeted that the issues were due to "historically unprecedented demand" and announced it was pushing back the start times for some West Coast venues. <p>Taylor Swift | Era's Tour | 1st Floor Ticket | With It's Been A Long Time Coming VIP Package| Los Angeles 8/8. Its like, Thats what I call music. The extra dates officially made Eras her biggest tour to date. I have this theory that music is usually about five years ahead of the rest of media in terms of its relationship to tech whether thats new formats based on new tech, like vinyl to CDs, new business models like streaming, or simply being disrupted by new kinds of artists who use new forms of promotion, like TikTok, in unexpected ways. 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. So when everybody wants to do that at the exact same time, all of the venues and all the promoters are now in a place where I mean, I would book Harry Styles for 30 years of residency or put Taylor Swift on tour forever if I were Ticketmaster, because there is so much potential revenue to be made off of ticketing fees in those scenarios. Its a part of their portfolio to help them sell phones, or to help them sell everything in cardboard boxes or whatever it might be. 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. Ish? Honestly, the only one that I would put money on right now is Lil Nas X. Yeah. You can just make a copy of a digital object and sell it again. She points it at her own music and she points it obviously at this tour, which has enough demand to bring down Ticketmaster and to set off a series of antitrust investigations into whether Ticketmaster is a monopoly, which is incredible. In 2020, you could have one breakout song that had hundreds of millions of streams on it on TikTok. 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. You are entering a deal where you are hopefully successful and then funding all of the other things that are not successful. I just need guitar solos. At some point, she met the industry in the middle. We've received your submission. Several pre-sales events are planned ahead of Madonna's holiday tour before the public sale begins, which Becker considers a bad sign. Look, I recognize that it is beautifully made music. Taylor Swift's 10th studio album, "Midnights," was released on Oct. 21. 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. Its at a height, but its a height that feels like it cant keep going up. 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. When things cant keep going up in business cycles, investors take note and disruptors take note, and there will be something else at some other point. So yes, there are other breakout stars, and there are more and more of them every single day. I have just not been happy to see how the mad rush of everybody into printing funny little pictures happened. Well, the most important thing was Spotify getting the buy-in from the entire industry. Cookies collect information about your preferences and your device and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. The site was supposed to open up for 1.5 million verified Taylor Swift fans," Maffei said. We were five years into the iTunes era at that point. Right. I think every artist has always thought that their label takes too much money. Because all the way up to Midnights, she has been a master of marketing an album, but nobody knew at the time that this was going to happen. The Pennsylvania Attorney General's Office is even getting involved, telling residents experiencing problems with the site tosubmit a complaint. There was a better option. Your Spotify or Apple Music monthly fee is cheaper than Netflix, HBO Max, or whatever else, and you get more. People are still buying songs for 99 cents on iTunes, and people are still buying CDs in order to rip them onto their computers. The statement wrapped up by saying Ticketmaster is working on improving its technology for future sales, before offering some perspective on the scope of the demand for Era tickets. There are plenty of places where they deserve credit, but in terms of their ownership stakes, no, of course not. The vast majority of Spotifys revenue goes to rights-holders, and yes, rights-holders are a stand-in mostly for labels. 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