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. People are always going to be upset about their contracts in music. 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. I got them throught Ticketmaster. The last thing I want is the Fleetwood Mac army coming for me. 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. "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. You can be paid out in hundreds of millions, billions of dollars. Streaming is currently very much still a part of that. It literally is the same. Yeah. I think thats the thing that leads to lasting impact. Its too hard and theres no guarantee of return. That seems like that conversion funnel works for the artists it works for, but then for everyone else its too expensive to even make the thing that is worth asking for the money for. The one place of hope that I see is that the value of most digital products at this moment, the NFTs, has declined so much. Its at a height, but its a height that feels like it cant keep going up. A lot of her early records were released on CD, but by Red, there was a lot of pressure to put things on streaming. She was upset about the low streaming rates that youre talking about. 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. A bunch of Tower Records managers got to go to parties, so they would put your CDs at the front of the store instead of the back. She was like, Im not doing that. TikTok is profound, and it has very meaningfully shifted what is happening in music.. She had bumps along the road doing so. "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. Thats actually maybe the most interesting piece of the TikTok puzzle, the Instagram Reels puzzle, and the YouTube Shorts puzzle. Ticketmaster cancels Taylor Swift public ticket sales due to demand, 'insufficient' supply. No, no, no. That revenue was going to the labels, not the artists. 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. There are still some bonus songs where you have to go buy a thing at a retailer. By suppliers, you mean the musicians themselves? All About Anna Olson, performers who will be joining her onstage. 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. . Now every single time that people stream these songs, she gets more of the share of that stream if they listen to Taylors version. "Its a function of Taylor Swift. So Spotify launches in Europe, and what they sell you is convenience. 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. The question is, do we keep listening in this way? I mean, well find out. Fans are also quite unhappy with a lot of these ticketing issues as well, obviously. I dont mean to be a firebrand here and bet against it. Then theres the next stuff, like the actual threats. / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Please keep in mind: Capital [] It grew to be the whole market. Its not happening anymore. Powered and implemented byFactSet Digital Solutions. We can probably model some churn based on if theyre listening to great music from the 50s or 60s. In the case of touring, there are way more artists than ever that want to tour at the moment because they had to hold back during COVID-19. 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. 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 is very online herself, for better or worse, and she understands the rhythms and the dynamics of her fandom and how it interacts with other fandoms. 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. Its still not the entire penny. 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. A group of 25 incensed Taylor Swift fans from across the country are suing Ticketmaster for fraud and intentional misrepresentation after last month's Eras tour debacle. On Nov. 18, Swift spoke out about the fiasco in a message to her fans via her Instagram Story. The services are built on music, like audio trends, dances, and memes. Here's how it plans to handle selling them. That is ultimately the place where youre most likely to be making your money. Talk to us about the CD era. Ticketmaster no longer wants to be the "Anti-Hero" to Taylor Swift fans. Then you just have to hope that people are going to show up. We've received your submission. 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. Its the future of music. Again, it stood as an admission of, We cant sell this stuff. Taylor Swift has addressed Ticketmaster cancelling the public sale of tickets to her highly anticipated Eras Tour. Even if a lot of people listen to our music, were not sure how much we are getting paid.. You cant put that genie back in the bottle. Shes doing things that are pro-artist and pro-songwriter, but they are a bit more on the margins. 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.. "You have no idea how much that means.". It goes without saying that I'm extremely protective of my fans. 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. "UM. 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 Spotify is the only major streamer that is not subsidized by a larger tech company. David Hasselhoff is still doing well in Germany. Shes very savvy, yes. So, critically, Spotify is just deeply linked to the major labels. 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. With music, the expectation is that it is effectively free. If chosen for the presale, fans were sent. It seems like in the past two years especially, it has remodeled the music industry. I think that the listening might shift towards the people who are less interested in music, but, Hey, Im going to put on a chill playlist, and the chill playlist is background to help me study. I think a meaningful amount of revenue could be lost there. It is not easy. 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. She withheld her new releases from Spotify, but now her new releases are on Spotify. Oftentimes you can buy greatest hits records, and its not actually the greatest hits, its re-recordings of the greatest hits. She was the product of a Nashville system and she did not have a built-in fan base when she released her first record. 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. Surely. If and when virtual reality becomes a compelling, mainstream product for many, many people, music will certainly be at the centerpiece . As much as this streaming model may not be a good business, music is a really essential part of our culture. Colleagues of ours at Vox had a great story about the TikTok to Spotify pipeline. In this period she withheld albums from streaming at times, and removed her entire back catalog from Spotify. If 20 years ago there was a, No streaming ever, were only ever going to sell CDs, to the, I dont want to hear a minute-long test version of a song, before you buy it on iTunes, there was a lot of holding back of their intellectual property. 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. Shawn Mendes was a Vine star. 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. Get browser notifications for breaking news, live events, and exclusive reporting. News / Jan 17, 2023 / 10:23 PM CST. The second show was added along with more than a dozen other dates because of the huge demand. Onsale Dates and Times TaylorSwiftTix powered by Verified Fan Starts Tue, Nov 15 @ 10:00 am EST Ends Thu, Nov 17 @ 10:00 pm EST 55 days ago Aisle Seat Verified Fan Presale Starts Tue, Nov 15 @ 10:00 am EST The first leg of the tour will be in stadiums across the US, with international dates to be announced as soon as we can!" Taylor Swift addressed the recent controversy surrounding Ticketmaster's handling of tickets for her upcoming Eras tour. She knows that super fans will buy not only vinyl, but also the super deluxe vinyl version of the collectors thing and blah, blah. I mean, come on, Blockbuster? But yeah, definitely. She just wont stop. <p>Taylor Swift | Era's Tour | 1st Floor Ticket | With It's Been A Long Time Coming VIP Package| Los Angeles 8/8. 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.. Yeah, I mean Metallica was also unhappy at the time, but they didnt have the same amount of clout. 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. He has transcended the platform. Now theyre an audio company. She has certainly raised awareness, but yeah, all of her music is on the streaming platforms. 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. "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. 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. 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. You have to find another planet, for other reasons too, unfortunately. There are so many robot nursery rhymes that go viral on TikTok and then they kind of go nowhere. We know that we own over 70 percent of all the listening that happens on Spotify. From the labels perspective, they can predict what kind of money theyre going to hopefully bring in each quarter. Thank you for your patience as we continue managing this huge demand.. You said at the beginning here that streaming feels like its on the rocks. They keep trying to get somewhere else. 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. Each of you listening is not going to give them that nice $5. He creates whole media cycles off of the things that he makes. Theres a limit on venues and they all seem monopolistically controlled. (Getty Images / Getty Images), SPOTIFY CROWNS TAYLOR SWIFT'S MIDNIGHTS AS MOST-STREAMED ARTIST, MOST-STREAMED ALBUM. That just seems very untenable to me. I was very budget-constrained at that point in my life, and I used to count the number of songs on an album to think about where I should put my money. 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.". Im not going to make excuses for anyone because we asked them, multiple times, if they could handle this time of demand and we were assured they could, Swift said of the ticket fiasco. There is no shortage of other people that have done so. (Gareth Cattermole/TAS18/Getty Images for TAS / Getty Images), Taylor Swift performs onstage during her "Reputation" stadium tour in Arlington, Texas, on Oct. 5, 2018. I hate that word, but lets just say it. You get the entire catalog of recorded music, in a way that Netflix doesnt have everything or HBO doesnt have everything. Theyre just not getting any streams, and by the end, when its all divided out, very little revenue comes to Guns N Roses. Getty Images 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. 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