So yes, there are other breakout stars, and there are more and more of them every single day. Following widespread issues with the sale of tickets to her upcoming Eras Tour, the singer wrote that she hopes "to provide more opportunities for us to all get together and sing these songs." On. You would get a small proportion, 20 percent or less. It didnt work for everybody, but for the biggest artists, it worked really well. <p>Taylor Swift | Era's Tour | 1st Floor Ticket | With It's Been A Long Time Coming VIP Package| Los Angeles 8/8. They are certainly desperate and in need of something at this point. Notified fans will receive their individual invite to submit their purchase request prior to Friday, December 23. 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. I dont think so. She has not yet had to make that turn, but the midline artist is desperate for the next thing they can sell. Yes, in the early 2010s, artists like Adele and Coldplay were also saying, Hey, were not down with this. 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. However, I am worried at at some point the transferrable button will be unavailable. For the labels, its very clear. Spotify and others pay billions of dollars to rights-holders, and she is making sure that shes a rights-holder. Copyright 2023 CBS Interactive Inc. All rights reserved. Her albums Fearless and Speak Now came out in this time of big disruption, with early streaming and people still buying records. Verified fans were given codes to enter the Ticketmaster pre-sale on Tuesday, but many claimed their codes did not work. 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. 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. My instinct is that theyre like, Yeah, heres this license to see if your little ticky-tockie works, and now theyre at the end of a period and theyre like, Oh, it worked really well. 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. "If Chick Fil A was in charge of the Ticketmaster queue I would've had Taylor Swift tickets within MINUTES just saying," a Twitter user wrote. 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. Here's Everything to Know. Get browser notifications for breaking news, live events, and exclusive reporting. Please enter valid email address to continue. I am here for it. We've received your submission. Many people are arguing for a pay-per-stream model. We've been doing this for decades together and over the years, I've brought so many elements of my career in house. No offers below $2500. One, I think we both very much like Taylor Swifts music and we think shes a good musician. I have to say, Im not following it too closely because its such a complex ecosystem. How much of that money went to her as the artist, in general? 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. We have to see how big your TikTok is before we ever sign the deal.. Over time, as more music ended up on Spotify and people diversified their listening, there was more competition. 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. We have seen tech stocks everywhere struggling. Everybody gets it. I dont want to deny that it could come from that ecosystem. I think that the worlds in which fandoms are emphasized have definitely done well in this model. Thats why Im saying its way more than TikTok. "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. It is being monetized, and there is a lot of money flowing. 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. Then she was like, I have a new record, but if you want to listen to it, you have to pay for it.. Powered and implemented byFactSet Digital Solutions. Well, it was similar yet different in many ways. We should just do a mashup of that sigh across all episodes. It was almost like the launch of MTV in terms of a new place for people to be able to make hits with audiences that had been underappreciated, mostly young people hanging out on their phones. You just need a safe space of Guns N Roses fans making only Guns N Roses content. 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. But I dont know if the music industry understood that it was gambling away its future in that way. 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. 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. "I love music, and I love live music even more. Shes very savvy, yes. I also think the mathematics of the model get really weird once youre talking about share of listening on a global basis. Its an unusual part of the licensing arrangement in the United States, and its not common elsewhere. Li Cohen is a social media producer and trending reporter for CBS News, focusing on social justice issues. For example: based on the volume of traffic to our site, Taylor would need to perform over 900 stadium shows (almost 20x the number of shows she is doing)that's a stadium show every single night for the next 2.5 years. There is no shortage of other people that have done so. I hope those things can also survive so that whoever has been able to have the time to develop that talent can keep on doing it. You have to enter the content creator world and build your identity off that. 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. Theres certainly the value of the music in advertising sync and getting it synced in video and so on. People want higher payouts per stream, and they want streams that are fair to artists and actually connected to their subscription. Shes saying, Heres Speak Now (Taylors Version), off we go, and now her fans have instant access. They just get put out for digital distribution. Go make your little startup, and when it starts selling, were going to take 90 percent. If its anything like venture capital, its that venture capital doesnt get terms as good as the music labels do. There are people getting better label deals than ever before because they are building their own fanbases. 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 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. Barfuss said she also tried the following day for the Capital One presale event, only to have my card declined because SeatGeek had charged over 40 transactions totaling $14,286.70 the day before. Ringtones was one of them.. Search. However, Maffei defended the Live Nation and Ticketmaster merger. 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. Swifties reported website outages and hours-long waits only to log off empty-handed. I mean, it is important to note that the entire music catalog is not available. Even though theres more music than ever, there is so much historical music that is not available. ", Taylor Swift's 10th studio album, "Midnights," was released on Oct. 21. A few days later, Swift confirmed she was going back on tour in 2023. Lets just be more explicit about that to make it really clear for people. 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. It is not easy. 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. 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There has been a realization that many of these streaming platforms, which had been valued as tech companies, are actually just digital media companies, and theyre trying to figure out how to pull in revenue after a decade of growth that has been funded by low interest rates and the natural business cycle of streaming. Things that blow up on TikTok go to Spotify, and things that are streamed on Spotify then go onto Billboard charts. There was some amount of value there that you could see as an artist. I mean, they would all say they are. If you want to listen to the most popular songs from the 30s and 40s something that I have to do in my job oftentimes the only place to find them is from vinyl collectors who are on YouTube, to your point, and have uploaded themselves playing the vinyl. Sign up for free Patch newsletters and alerts. It was hard to get national or global distribution without a label. Did it seem like the future? We were looking at the number of legacy artists that are selling off their catalogs for huge amounts of money to private equity companies, who all think theyre going to make massive returns on owning those catalogs of music. I wasnt going to buy the nine-song record because CDs at my local Best Buy were very expensive. So, yeah, its no wonder. One is the sound recording, called the master, which Taylor wants to own. 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. Santigold, Shawn Mendes, Animal Collective, theyre all complaining like, This is too much. The queue for those tickets, initially reserved for both Taylor . Invitations will be staggered by tour dates in each city. 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. I think its important to say that. The sudden cancellation comes after Ticketmaster said Thursday that more than two million tickets were sold Tuesday for her upcoming tour the most ever sold for an artist in a single day. They still dont. LOS ANGELES, CA Trying to buy Taylor Swift tickets for the Eras Tour? 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. Its a little late in this episode. They give you the movies that they have licensed, then things just disappear and you no longer have them. She is unusual in that the length of her career spans from the end of the CD era into the streaming era. She withheld her back catalog from Spotify and Apple Music, but now theyre on Spotify and Apple Music. A lot of her early records were released on CD, but by Red, there was a lot of pressure to put things on streaming. I wasnt going to make playlists. Weve had some guests on to talk about why theyre doing it. It seems as though Ticketmaster should've known that arguably the . She didnt want to participate in that model. There are no founder-friendly music labels out there. Music is an art creation business, a content creation business. Will Austin Madonna tickets mirror Taylor Swift Ticketmaster . Whatever club banger metaverse that you think you might be in, theyre going to have you in it. I know we have to talk about the power of TikTok and why it has been the most profound, radical, and fastest change I have ever seen in the music industry, but I also think that the algorithm is overblown. I could probably name a bunch of 90s bands here, but I think were already at risk with the Taylor Swift fans. Im off., Nilay, heres the thing: that is the model of streaming. There are plenty of places where they deserve credit, but in terms of their ownership stakes, no, of course not. Right. 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. Taylor Swift performs onstage during her "Reputation" stadium tour in Arlington, Texas, on Oct. 5, 2018. The rocky presale era for the "Eras Tour" is finally over.. After a long wait, tickets are available on most platforms for Taylor . That means I should be able to sell them no problem here. The services are built on music, like audio trends, dances, and memes. The economics of this dont make sense for us. I dont think we actually know, but if you were an artist at that time, how much of that money was coming to you? 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've done this SPECIFICALLY to improve the quality of my fans' experience by doing it myself with my team who care as much about my fans as I do," she wrote. 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. That revenue was going to the labels, not the artists. Many fans sat in the Ticketmaster queue and were told they would need to start the process over. That to me seems like the most opaque part of this entire thing. 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. Yeah, major sigh. Selling Taylor Swift ERA tickets on Stubhub - Questions! They are able to get out of there and cash out on the venture capital model. 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. Were done. Shes not asking them to buy the record again. I mean, depending on what happens in the stock market in the coming year, I think its very possible that they become an acquisition target for a tech company that needs a streamer. We dont need a bunch of 90s alternative band stans coming after us, but you could throw a dart at your average radio smash 90s act and their album would be full of a bunch of filler. He has transcended the platform. The Capital One presale was also rescheduled for the following day. Thats Decoder everybody. Lisa Marie Presley's net worth: Losses, lawsuits and Graceland, Marie Osmond says her kids won't get an inheritance, Former "American Idol" contestant C.J. There are still cracks in the model, right? That is going to be very, very lucrative for her. But the model of getting that $20 from touring isnt working for everyone. And yet, not all the people are as rich as they should be. 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. But because of the structure of the industry, that relationship has all but disintegrated. There are some very meaningful, projectable revenues that can be made if you own all of your recordings, so she is taking those actions. I actually want to instruct the listener. Instead, what they do is they give out a proportion of their revenues. If were at this moment in a 20-year cycle where everyone is unhappy with how this model is working, outside of probably the labels, then there is opportunity for someone to do something very creative and disruptive. Nov. 11, 2022: Taylor Swift announces an additional 17 dates. 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. The last thing I want is the Fleetwood Mac army coming for me. Ticketmaster has canceled the public sale of Taylor Swift's "The Eras Tour" after high demand in the pre-sales. At the request of Swift's team, the ticket seller said on Monday that . Theyre just not getting any streams, and by the end, when its all divided out, very little revenue comes to Guns N Roses. Its the same one. Shes doing things that are pro-artist and pro-songwriter, but they are a bit more on the margins. Even if a lot of people listen to our music, were not sure how much we are getting paid.. / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. The logic of it makes sense. Right. 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. Mix. Thats usually the best outcome. Do Guns N Roses get $0? 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. Youre not going to get the US consumer everywhere you go around the world. "The site was supposed to be opened up for 1.5 million verified Taylor Swift fans," he said. Like everybody else, she has all those things, but she leans the hardest into music. In total, the company explained, 2.4 million tickets were sold across the Verified Fan and Capital One sales on both Ticketmaster and SeatGeek. Ish? I think a lot of folks are looking to K-pop. Now theres much more. They are now the distributors of music. Theres publishing and this, et cetera Its the exact same sigh when people have to explain NFT copyright. Theres a limit on venues and they all seem monopolistically controlled. November 18, 2022 / 1:42 PM It grew to be the whole market. David Hasselhoff is still doing well in Germany. The vast majority of Spotifys revenue goes to rights-holders, and yes, rights-holders are a stand-in mostly for labels. They should be able to sell them no problem here but she has all but disintegrated all. Buying records do a mashup of that money went to her as the music labels do wants to.... Not following it too closely because its such a complex ecosystem venues and they all seem monopolistically controlled give... Take 90 percent thats why Im saying its way more than TikTok going back on tour in,... 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