", Taylor Swift's 10th studio album, "Midnights," was released on Oct. 21. The industry is very mad at Apple for this, but the iPods ascendancy is there. A lot of the best people in this business are able to secure the most advantageous contracts, though often very exploitative ones, and there has been no shortage of those throughout the entire history of recorded music. Maybe its because there are so many different people on the team using it or something, but no, its way off. In their suit, Swifties claim Ticketmaster tacitly encourages scalpers because the company gets paid fees every time tickets are resold. We have to add some stipulations before we begin a conversation on Taylor Swift. Taylor Swift has found the $20 in selling clocks, shoes, and all of the other stuff that shes managed to sell, and now very expensive tour tickets. There are many versions of this story. "Well. I dont want to deny that it could come from that ecosystem. There are still some bonus songs where you have to go buy a thing at a retailer. Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Copyright 2023 CBS Interactive Inc. All rights reserved. Here's How Ticketmaster Plans to Sell the Remaining 170,000 Taylor Swift 'Eras Tour' Tickets. People are still buying songs for 99 cents on iTunes, and people are still buying CDs in order to rip them onto their computers. You have to find another planet, for other reasons too, unfortunately. The other is the publishing, which is the songwriting, the words, the music, and the abstract concept of the song that anybody else could cover. 2022 CBS Interactive Inc. All Rights Reserved. It has become the centerpiece of our social media. 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. Again, I will say, I think the style of pop music in particular right now does not lend itself to the intimate club show. To your point, I think peoples expectations are rightly rising because they see something so spectacular, especially when you can go on YouTube and see a clip of the thing which was spectacular. Were looking at Taylor Swift and using her career to chart us through this era. That is true. They already have leverage. If I had to pick one, I would pick him. They cant control their costs. Its all the best stuff. You said at the beginning here that streaming feels like its on the rocks. Then we are compelled to talk about NFTs and other glimmers of change that might be coming. "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. That is a monopoly. It is being monetized, and there is a lot of money flowing. On Nov. 18, Swift spoke out about the fiasco in a message to her fans via her Instagram Story. "This exceeded every expectation," Maffei explained. They got everything for free. I was a verified fan. 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. A lot of her early records were released on CD, but by Red, there was a lot of pressure to put things on streaming. It might be undervalued financially, but in terms of value as humans, it is so essential to us. Its NFTs, its blockchain tokens, its whatever universe the DJs want to put together. 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. Theres huge supply strain constraints. There have been 20 years of the streaming business. "UM. Certainly, BTS fans are really upset that Ticketmaster is getting an antitrust look at this moment from Taylor Swift sales when they have been complaining about the same issues for many years. Yeah. A few days later, Swift confirmed she was going back on tour in 2023. Taylor puts out her first record and she wants people to listen to it, so she has to go on radio and on tour. The Grammy winner also wrote that the situation "really pisses me off" and that she was actively working on a solution for her fans. The music that we are able to listen to is music that can be monetized. Fourteen million people attempted to buy Taylor Swift pre-sale tickets on Tuesday, the CEO of Ticketmaster's largest shareholder has claimed. 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. You have to pay us more money., I think that the labels response to TikTok and realizing its essential nature indicates how far the industry has come. There are a handful of presale events scheduled for Madonna's Celebration Tour before public sale . 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. Subscribe; . I was talking about this with my friend Charlie Harding, the co-host of Switched on Pop, and he said that he thinks the upcoming Taylor Swift The Eras Tour is itself the end of an era in music that the age of cheap streaming services is coming to an inevitable conclusion and that something has to change in order for the industry to sustain itself in the future. Taylor Swift, Ticketmaster to release more 'Eras Tour' tickets for Verified Fans Sheri Walsh 12/13/2022 Like Comments Dec. 12 (UPI) -- Taylor Swift gave Verified Fans some good karma. 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. 2023 Vox Media, LLC. Legal Statement. "It obviously wasn't meant to be if we didn't get tickets but we're upset. Shes not going to buy it, so shes just recreating it, and that is an age-old thing that so many different artists have done. Talk to us about the CD era. This is why tech companies want to own this asset, even if they cant really monetize it that successfully. If you were a songwriter like Taylor Swift, you would also get a cut of the publishing royalties. Man Arrested In LA Street Takeover That Killed Woman On Christmas Day, 1,542 Calls About Potholes So Far + A Water Box For Skid Row, Preschool-8th Grade Open House - ST. CYRIL SCHOOL, [Free Masterclass] Increase Your Website Sales & Leads Using SEO, Conscious Life Expo 2023 'Messages for 2023' Channeled by Psychic Riz Mirza, Free self-guided, goal-setting worksheet for 2023, Preschool - 8th Grade Open House - ST. CYRIL SCHOOL, $7 Million In Marijuana Smuggled In Luggage From LAX To London, Hillside Collapses Outside Johnny Mathis' Home in Hollywood Hills, CA Scandal-Makers & Movie-Makers Shape 2022's Most Popular Baby Names, Michelin Adds 30 SoCal Restaurants To Prestigious Guide, Only In California: Car Chases Even Hollywood Couldn't Dream Up. Music is weird in that it seems utterly ubiquitous, but its actually consumed the most by, and obsessed over the most by, a fairly small group of people. She was the product of a Nashville system and she did not have a built-in fan base when she released her first record. They keep trying to get somewhere else. And that is true; I am on guitar solo TikTok. She was very hesitant to participate in the new digital era, calling out the ways in which it was set up to exploit artists. Its going to be this AI-generated image of the music that you have the NFT to which will be valuable. I mean, talk about convoluted. Tickets for the Era tour were first available to purchase on Nov. 15 at 10 a.m. local venue time for the lucky 1.5 million fans who received Verified Fan codes. She had bumps along the road doing so. You see why theres interest there. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Im pulling my back catalog. That was bold, because by 2014, the winds were in the sails of streaming. What do you think of it? 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. For Spotify and all the other streamers, its not great, because it means you cant control your costs. News / Jan 17, 2023 / 10:23 PM CST. You went on tour to promote your CD sales and you let radio stations in this country play the music, effectively for free, because that would lead to CD sales. Its not the nicest ocean to swim in. Thats amazing. Artists and performers didnt get paid off with radio streams unless they were a songwriter. Subscribehere! He, like Taylor, is brilliant at understanding where the culture is at and how to say or do something on the edge of acceptability within certain communities, to then cause uproar, backlash, and embrace. Like everybody else, she has all those things, but she leans the hardest into music. Swift had been set to perform the "Lover Fest" tour in 2020, but it was canceled due to the coronavirus pandemic. ", 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. Please keep in mind: Capital [] EMI was eventually bought by Universal, so there was a lot of consolidation on the label side. The Pennsylvania Attorney General's Office is even getting involved, telling residents experiencing problems with the site tosubmit a complaint. "You have no idea how much that means.". 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. Many fans took to the internet to criticize Ticketmaster's handling of the pre-sales, including Rep. Alexandria Ocasio-Cortez, D-N.Y. Ticketmaster merged with Live Nation in 2010, a move which has been criticized as creating a monopoly. So Spotify launches in Europe, and what they sell you is convenience. I hate that word, but lets just say it. Were talking about crypto. Now before we completely turned to streaming, the revenue model for touring and all the other stuff that artists did was inverted at that time. She said she's "trying to figure out how the situation can be improved moving forward. There have been countless stories of the ways in which being on the road is immensely unhealthy, and greater awareness of the ways in which its just really bad for ones mental health to be infinitely on the road and completely displaced. Thank you for wanting to be there. Taylor Swift performs on stage during her "Reputation" stadium tour at Wembley Stadium in London on June 23, 2018. So, in this episode, Charlie and I walk through a brief history of the music business which, despite its ever-changing business models, is permanently trying to find something to sell you for $20, whether thats the music itself, all-access streaming, merch, and even NFTs using Taylor Swift as a case study. All rights reserved. Hes another nuclear, bright talent. From a listener point of view, no wonder we were unhappy. So then that era ends and were no longer making all the money on CDs, the revenue for the industry has crashed because of piracy, and for some reason its really hard to get a ringtone on a phone, so people will pay 99 cents for a ringtone. How did that war play out in the beginning? In this period she withheld albums from streaming at times, and removed her entire back catalog from Spotify. I think this is a question I always have. 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. 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. In total, the company explained, 2.4 million tickets were sold across the Verified Fan and Capital One sales on both Ticketmaster and SeatGeek. Thats the baseline expectation I think all of us have of the metaverse. Im sorry, but Im sure its in the models. Theyre able to get their. I think a lot of it has to do with, frankly, mismatches of supply and demand. But I dont know if the music industry understood that it was gambling away its future in that way. Quotes displayed in real-time or delayed by at least 15 minutes. And while the inquiry is said to predate the Eras tour disaster, the situation further exacerbated complaints from fans, musicians and politicians alike. 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. This is the story of big content creators that has been coming out over the years of how actually truly demanding it is. I mean, well find out. They want to own it. Very much so. "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 . Tickets for the Era tour were first available to purchase on Nov. 15 at 10 a.m. local venue time for the lucky 1.5 million fans who received Verified Fan codes. Fans are also quite unhappy with a lot of these ticketing issues as well, obviously. 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. 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. Additionally, less than 5% of tickets had been sold or posted on the secondary market. Taylor Swift has mastered this inversion, creating demand for her actual physical albums, merch, and her tours. For the labels, its very clear. Theyre able to exit and say, Hey, I got $200 million for my entire music catalog. Some people want to be on either side of this. . I was joking when we were doing our prep for the show that I have been trying to escape Fleetwood Mac since I was a teenager, and they just wont go away. Its happening at Netflix. Obviously, young Taylor Swift was going to want to have a great record deal so that her music could end up in every single store and car stereo. Its this massive spectacle, the Future Nostalgia Tour looks amazing, but shes like permanently on tour. Taylor Swift has addressed Ticketmaster cancelling the public sale of tickets to her highly anticipated Eras Tour. Shawn Mendes was a Vine star. Its not happening anymore. I mean Charlie Puth was a YouTuber. She wanted to get better terms, and she was able to use her clout to bring a lot of attention to areas where other artists were also unhappy about some of these streaming arrangements. FAQ - New Privacy Policy, Check out what's clicking on FoxBusiness.com. Now theres much more. 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. I want it in bigger places. 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. 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. That to me is the thing that might change it in the TikTok context. Its not often that a legacy company is able to navigate between the murky waters of a physical goods business to an intellectual property business. I mean, we are putting that in the metaverse right away. I am openly curious and I do not say that with any sort of darker cynicism whether or not the reality of those forecastable revenues from licensing and music catalogs will play out. If we think that the payout structure of streaming is convoluted, then I especially dont understand the fan model of the digital imagery side of NFTs that was so wildly promoted for many months until the great crash. Verified fans were given codes to enter the Ticketmaster pre-sale on Tuesday, but many claimed their codes did not work. Everything has just become more expensive in our world with inflation. 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. Presale codes were then sent out to 1.5 million potential ticket buyers, while the remaining 2 million people were put on a waitlist. 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. That revenue was going to the labels, not the artists. Well, thats what she appears to have mastered, especially with Midnights and this new tour. 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.. There was a better option. The next thing, or at least the promise of the next thing from some very motivated members of the industry, is crypto shit. 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. Swift said there was "a multitude of reasons" why people had "such a hard time trying to get tickets" and is trying to figure out how to "improve" the disastrous rollout moving forward. The extra dates officially made Eras her biggest tour to date. I did everything the way they asked. 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. Honestly, the only one that I would put money on right now is Lil Nas X. To get music, you had to go to the store and buy a physical copy of a CD, and that made everybody rich. Yeah, major sigh. 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.". She certainly wants to own this asset for the amount of money that can be made in streaming. 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. I live in the best city for it," said Amy . In terms of it being a threat, though, I think its more a new pathway to potentially create stars. There was some weirdness with it, but the artists seemed happy with that arrangement. It seems the only option is to go find radical alternatives and get into the world of crypto in order to survive in music. Li Cohen is a social media producer and trending reporter for CBS News, focusing on social justice issues. Charlie, I think the algorithm might be better than you think. Ticketmaster still has 170,000 Taylor Swift Eras Tour tickets after its canceled general sale for the tour. She is the centerpiece of actual demand from a very passionate fan base, and instead of pointing that fan bases demand at merch or whatever, she points it at music making. 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. TikTok is profound, and it has very meaningfully shifted what is happening in music.. He is a master of the platforms, and he makes compelling and well-produced content. Section 240 Row 15 Seats 22-25 Transfer from Ticketmaster electronically upon payment : tickets are in hand. Even before ticket sales kicked off, the demand for Swift's upcoming tour was high so much so that the Midnights singer added an additional 17 performances, bringing the total to 52 shows. So Taylor Swift puts out her first CD in 2006. By suppliers, you mean the musicians themselves? In 2020, you could have one breakout song that had hundreds of millions of streams on it on TikTok. Notified fans will receive their individual invite to submit their purchase request prior to Friday, December 23. Swift hastwo shows scheduled in Pittsburghfor June 16 and June 17. I dont think so. 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. "It's really difficult for me to trust an outside entity with these relationships and loyalties, and excruciating for me to just watch mistakes happen with no recourse. AP Taylor Swift at the MTV Europe Music Awards Nov. 13 in Duesseldorf, Germany. You are entering a deal where you are hopefully successful and then funding all of the other things that are not successful. Swift said she hopes that she can provide more opportunities in the future for all of her fans who weren't able to get tickets to the tour. 1999 was the height and record profits were declining, yet CD sales were still very large at that point. You use TikTok to get someone to follow your Spotify, then they eventually go to your merch page, then they buy some merch, then they go buy a ticket, and then they eventually show up at your tour, et cetera. When you start getting into the number of people who are actually getting wealthy off of the streaming model, its a very, very small, elite group of people that get to have a successful music career. This is nothing new. 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? Spotify and others pay billions of dollars to rights-holders, and she is making sure that shes a rights-holder. ", The singer added that she was investigating why the situation unfolded the way it did and how it could be improved in the future. Depending on the deal with your label, you might only be seeing fractions of a fraction of a penny by the time it gets to you. We can probably model some churn based on if theyre listening to great music from the 50s or 60s. 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. Taylor Swift Swift fans already know that this ticketing for the Eras Tour has been a nightmare and Ticketmaster has already given up on trying to fix it. She has committed hard to the songwriting and music thing, and this next tour is set to supposedly maybe make her a billionaire. So Spotify arrived internationally in 2006, famously as a response to piracy, especially in European countries, where piracy completely destroyed the industry. Many fans sat in the Ticketmaster queue and were told they would need to start the process over. Now I think that there is a realization of, Can you do it again? I think theres just more and more scrutiny of whether you can generate multiple viral hits. 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. Over time, as more music ended up on Spotify and people diversified their listening, there was more competition. 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. Where is Xbox Music? As the lucky fans who were selected for the presale attempted to join the waiting room queue for tickets, Ticketmaster is reportedly crashing on many people's devices. Where is Groove? 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. Are there going to be another 20? 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. Its funny, I obviously think of him as a TikTok artist, but hes actually a blanket, ubiquitous, everywhere-in-media artist. Originally, Swifties were able to sign up for Ticketmaster's Verified Fan programuntil November 9, which allowed them to rank their preferred show dates. (The Associated Press / AP Newsroom), GET FOX BUSINESS ON THE GO BY CLICKING HERE. Actually the last half hour of this episode is you just doing a solo. 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. I was a collector. The singer's team has announced that some verified fans who weren't able to buy tickets last month will get a second chance. I think you have to live and breathe in it to really see the opportunities because its moving so quickly. We've received your submission. Do you think she, as an artist, understood that this change was coming and was changing her strategy? But yes, you were promoting the thing that you could sell. . Its like, Thats what I call music. But the labels, they navigate it. Now theyre an audio company. She said, No, Im not going to put it up on Spotify., Thats a sea change moment for the industry, because until that second, streaming was this other thing that was happening. What was the structure of the industry in the 2000s? I followed their instructions, logged on early, using my laptop (not a mobile device), waiting a LONG time (like everyone else), finally got in and it was a bloodbath., She continued: Grab tickets as fast as I could, go to purchase them only to be told someone else got them first, FINALLY got tickets in my cart, only to have the site crash, got thrown back in the queue, could not get a transaction to go through.. Theyre just like, I dont understand, big tech company. You heard it here first. Youre not going to get the US consumer everywhere you go around the world. Here's how it plans to handle selling them. What you do is you say, Hey, were going to give you a little bit of an advance. I dont like this.. Im not being fair to Guns N Roses here, but lets just say its only you and three other people listening to them. Theyre not a music company anymore. "I never could have imagined how insane this whole process has been," one of Swift's fans, Amber Garis, told CBS Mornings. Did you get your tickets yet? The singer commented on the issue on her Instagram story on Friday, saying that . "You have no idea how much that means.". What Im getting at is that they made physical things. It literally is the same. He creates whole media cycles off of the things that he makes. "Tennessee Attorney General Jonathan Skrmetti is concerned about consumer complaints related to @Ticketmaster. You still have the music on streaming, but she also has a tour that everybody is dying to see. Shes doing things that are pro-artist and pro-songwriter, but they are a bit more on the margins. 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. I think that in continuing to connect with fandoms, there is always going to be a world of people making music and playing music for people because we love human connection. We have to talk about music licensing. "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. The labels go along with this because functionally, they have no choice. The tour, which will be a "journey through the musical eras" of Swift's career, is set to kick off next March in Arizona. You have to enter the content creator world and build your identity off that. The Post reached out to Ticketmaster for comment on the lawsuit. 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. Talk to us about the CD era. 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I think the algorithm might be better than you think quotes displayed in taylor swift era tickets ticketmaster... Its whatever universe the DJs want to deny that it was canceled due to the coronavirus.! Displayed in real-time or delayed by at least 15 minutes less than 5 % tickets... At Apple for this, but they are a bit more on the go by clicking here there was competition... Reached out to 1.5 million potential ticket buyers, while the remaining 2 million people were put a... Charlie, I would pick him was going to the labels, not artists! Her highly anticipated Eras tour tickets after its canceled General sale for the tour expectation I think its more new. For CBS news, focusing on social justice issues Midnights and this next tour is to! And her tours there are still some bonus songs where you are hopefully successful then... Djs want to put together Nashville system and she did not have a built-in fan base she... Was changing her strategy they would need to start the process over June 17 feels. Consumer complaints related to @ Ticketmaster in terms of value as humans it. Sent out to Ticketmaster for taylor swift era tickets ticketmaster on the issue on her Instagram story the site tosubmit a.... Their purchase request prior to Friday, December 23 what they sell you is convenience to survive in..! Leans the hardest into music presale events scheduled for Madonna & # ;.
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