There are some very meaningful, projectable revenues that can be made if you own all of your recordings, so she is taking those actions. It actually does create an opportunity where there are small collectibles that anybody can participate in. Theres certainly the value of the music in advertising sync and getting it synced in video and so on. The demand "could have filled 900 stadiums," he said. Shes saying, Heres Speak Now (Taylors Version), off we go, and now her fans have instant access. (Gareth Cattermole/TAS18/Getty Images for TAS / Getty Images), A Live Nation shareholder claimed 14 million people attempted to purchase Taylor Swift presale tickets on Tuesday ahead of the pop star's "The Eras Tour.". There is no shortage of stories of artists, musicians, and songwriters being short-shrifted throughout the entirety of the music industry. So much information is not accessible. If the structure of this episode is, How are they going to ask you for $20? First it was CDs, now its tours and merch. Update: On Thursday, Nov. 17, Ticketmaster tweeted, "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.". The rocky presale era for the "Eras Tour" is finally over.. After a long wait, tickets are available on most platforms for Taylor . Taylor Swift is a beloved performer and getting tickets to her concerts can be a real headache sometimes. They already have leverage. In 2014, she removed her entire back catalog of music from Spotify. There was a better option. "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. It might be undervalued financially, but in terms of value as humans, it is so essential to us. She got into a big fight with Apple Music, which wanted to give Apple Music away to new subscribers for free for three months in order to build a user base. How much of that money went to her as the artist, in general? Willing to separate in pairs of 2 for $1350 each pair! >Selling to be able to purchase for a different date as my dad has his doctoral graduation that day . Thats the baseline expectation I think all of us have of the metaverse. ", "Last week, the competition problem in ticketing markets was made painfully obvious when Ticketmaster's website failed hundreds of thousands of fans hoping to purchase concert tickets," said Klobuchar in a statement, citing how the "high fees, site disruptions and cancellations" customers were faced with showed that Ticketmaster "does not face any pressure to continually innovate and improve. The extra dates officially made Eras her biggest tour to date. Taylor Swift tour tickets listed for as much as $22,000 as Ticketmaster crashes Millions of fans try to snap up presale tickets to singer's 2023 Eras tour in the US, with Ticketmaster's. 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 dont have a streaming service unless you have all the music. 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. 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. There is no shortage of other people that have done so. 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. Get browser notifications for breaking news, live events, and exclusive reporting. 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. Taylor Swift fans are ushering in a new era for Ticketmaster. Now, here in 2023, the music is marketing for you selling everything else your concert tickets, your merch, your NFTs, whatever it is. ", The singer added that she was investigating why the situation unfolded the way it did and how it could be improved in the future. A lot of her actions have helped on the margins. I mean the musicians, yeah. The Post reached out to Ticketmaster for comment on the lawsuit. Tickets, $40-$146, Seat Geek. They are so excellent at turning music into whole worlds. 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.. 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I mean, it is important to note that the entire music catalog is not available. ", 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 like, Ugh. People often want to be mad at Spotify, and there are very reasonable objections to be had, but Spotify is right to say that they pay out billions of dollars per year to rights-holders. Taylor Swift released her first album in 2006. Yeah, major sigh. It is being monetized, and there is a lot of money flowing. 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. As an old-school punk rock guy, there is a part of me that deeply vibes with his ability to be subversive, and it transcends the fact that he broke out on TikTok. There was some amount of value there that you could see as an artist. Then you just have to hope that people are going to show up. Surely. They were the dominant form of revenue. Listen to Decoder, a show hosted by The Verges Nilay Patel about big ideas and other problems. Im sorry, but Im sure its in the models. Image source: taylorswift. Theres a limit on venues and they all seem monopolistically controlled. You can serve them too, by the way. 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. The expectation from the fans now is that youre going to mount a spectacle. In 2020, you could have one breakout song that had hundreds of millions of streams on it on TikTok. Whatever club banger metaverse that you think you might be in, theyre going to have you in it. People want higher payouts per stream, and they want streams that are fair to artists and actually connected to their subscription. 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 . Does streaming keep on working? I dont want to deny that it could come from that ecosystem. People arent getting paid enough. Did you get your tickets yet? Hes another nuclear, bright talent. I actually want to instruct the listener. The Capital One presale was also rescheduled for the following day. I dont think so. On November 15, 2022, the first day of pre-sale of tickets to verified fans for the US leg of the Eras Tour (2023) by American singer-songwriter Taylor Swift, Ticketmaster's official website crashed following "historically unprecedented demand with millions showing up", halting the pre-sale. Mutual Fund and ETF data provided byRefinitiv Lipper. Do you think she, as an artist, understood that this change was coming and was changing her strategy? "Even our competitors want to come on our platform. 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.". Theyre making a really big gamble about their future. No tickets and a card I cant use.. She got into a fight about Apple Music, but now shes one of the faces of Apple Music. She has committed hard to the songwriting and music thing, and this next tour is set to supposedly maybe make her a billionaire. Santigold, Shawn Mendes, Animal Collective, theyre all complaining like, This is too much. A desperate Taylor Swift fan who forked out over $5.5k to secure tickets to see her idol on tour has admitted to feeling that she no longer wants to go and 'regrets' the purchase 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. Well, if you want to do a 20 best guitar solos of all time conversation, we can start a whole new podcast on that. (Fox News Digital / Fox News), A fan who had been sent a verified code was told the Ticketmaster account wasn't linked to the Verified Fan sale. All About Anna Olson, performers who will be joining her onstage. I dont mean to say that theres zero money. Look, I recognize that it is beautifully made music. There are people getting better label deals than ever before because they are building their own fanbases. 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Verified fans were given codes to enter the Ticketmaster pre-sale on Tuesday, but many claimed their codes did not work. Ringtones was one of them. On Nov. 18, Swift spoke out about the fiasco in a message to her fans via her Instagram Story. People are always going to be upset about their contracts in music. The price of fuel is an increasing cost. ", Swift said Friday that the controversy occurred because of a "multitude of reasons," and suggested that the blame for the situation falls on Ticketmaster. I got them throught Ticketmaster. 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. Apples basically saying, Listen, in order to launch a streaming service, we need a ton of users. However, Maffei defended the Live Nation and Ticketmaster merger. We have to add some stipulations before we begin a conversation on Taylor Swift. 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. We have three big labels now, but we had four at the time. Tennessee Attorney General Jonathan Skrmettivowed to investigate Ticketmasterafter his office was flooded with messages fromirate concert hopefuls. Peoples behavior was going in one direction, and that was, I want all the stuff, just give it to me. Now, obviously, there are always going to be collectors. Swifties reported website outages and hours-long waits only to log off empty-handed. I want it in bigger places. The Swifties are seeking $2,500 for each civil violation. We have settled the most important debate: Is David Hasselhoff rich in Germany? Getty Images I would pick Lil Nas X as well. What we can sell them is convenience, as opposed to the chaos of piracy. The Ticketmaster site was not prepared for the volume of Taylor Swift fans logging on for Tuesday's verified fan presale. That is a monopoly. 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. Does that stuff seem viable to you? / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Here's how it plans to handle selling them. 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.. The company did not say whether more tickets would be sold for the tour at a later date. "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.". That revenue was going to the labels, not the artists. 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. 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Please keep in mind: Capital [] Did it seem like the future? Shes very savvy, yes. 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. Harris dead at 31. It didnt work for everybody, but for the biggest artists, it worked really well. 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. The services are built on music, like audio trends, dances, and memes. She was very hesitant to participate in the new digital era, calling out the ways in which it was set up to exploit artists. ", "It goes without saying that I'm extremely protective of my fans," she said. That would be nice and simple, but no, that is not at all how it works. This material may not be published, broadcast, rewritten, or redistributed. She had bumps along the road doing so. The industry crashed out because of piracy. 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. Then when they ran out of countries, their growth stopped. 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 no longer have our Virgin Megastores selling all of our CDs to us, or Tower Records. 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. 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. 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. November 18, 2022 / 1:08 PM Thats usually the best outcome. Amazon Music is going to be fine because Amazon is fine. of residency or put Taylor . 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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. At some point, she met the industry in the middle. 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. They want to buy their music. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Now were in this inversion where the music is effectively free to listen to, and the artist wants your $20 for a concert ticket. 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. You go to the store, you spend $20 to buy the CD. But yes, its just another place where the economics are not in the favor at all of the people producing the material. She didnt want to participate in that model. 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. The next thing, or at least the promise of the next thing from some very motivated members of the industry, is crypto shit. 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. That is not what Taylor is doing. Ive always thought that if you can wrap your head around whats happening to the music industry, you can pretty much see the future of TV or movies or the news or whatever because the music industry just moves that fast. Its like, Thats what I call music. 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. Obviously, with an NFT, you dont have to front the cost of a tour and you dont have to manufacture clocks. 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