If youre the biggest artist in Germany, you should still be rich, even if your share of listening minutes is not. We can talk. 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. It should be more valued, but there is certainly money to be made. The era of the unknown, unsigned person who has not been on social media being discovered by a major label is over, unless youre a famous person or nepo baby. So I think something could happen there. AI tech companies come at me, fine, whatever, but its not a tech business. Theyre like, Great, we know that revenues are growing. Please keep in mind: Capital [] "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.". "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. The most exciting thing in music is that people control more of their destiny. That to me seems like the most opaque part of this entire thing. I just need guitar solos. You get the entire catalog of recorded music, in a way that Netflix doesnt have everything or HBO doesnt have everything. People dont get that it is this weird pooling model. I mean, they would all say they are. of residency or put Taylor . It actually does create an opportunity where there are small collectibles that anybody can participate in. Shes saying, Heres Speak Now (Taylors Version), off we go, and now her fans have instant access. I dont like this.. Its long gone. 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. They were the dominant form of revenue. 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. That means I should be able to sell them no problem here. Im not being fair to Guns N Roses here, but lets just say its only you and three other people listening to them. So moving outside of the $1 million NFT to the $20 NFT, maybe there is an opportunity for more collectible items in this sense. Thats all flipped now. It gets harder and harder to eke more dollars out of the rest of the globe. Theres huge supply strain constraints. It seems to be a mentality of, How can we get this stuff out there so that people can hear it and we can monetize it later down the stream?. I feel like Ticketmaster completely screwed up on this one. 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. When fans eagerly showed up to try and purchase tickets on Nov. 15, however, they were met with a litany of issues on the Ticketmaster website. Maybe you buy a movie on iTunes for $20 or $30. Spotify then launched in the United States in 2011. We were five years into the iTunes era at that point. 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. 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. The first leg of the tour will be in stadiums across the US, with international dates to be announced as soon as we can!" Does that stuff seem viable to you? These streaming platforms, which were valued as tech companies, are actually just digital media companies. That is a huge part of why Apple is betting on Atmos. Haim Sisters Excited for 'Backstage Dance Parties' on Taylor Swift 'Eras' Tour: 'It Is Perfect', Paramore Announces Massive 26-City US Summer Arena Tour in Support of Upcoming 'This Is Why' Album, All About Taylor Swift's Eras Tour Opening Acts, A Timeline of Balenciaga's Ad Campaign Scandal, Anita Baker Announces First Full Tour Since 1995 to Celebrate 40th Anniversary of 'The Songstress', iHeartRadio's Massive 2022 Jingle Ball Tour Lineup Features Dua Lipa, Lizzo, Jack Harlow and More, Who Is Frankie Jonas' Girlfriend? The documents cited the "disaster" that occurred on Nov. 15 and Nov. 16, along with the "cancellation of general sale tickets scheduled for Nov. 18," alleging that Ticketmaster "has effectuated this anticompetitive scheme by forcing fans of musicians to exclusively use Ticketmaster for presale and sales prices, which are above what a competitive market price would be.". Thats really interesting to me, because the thesis of this conversation is that we have had 20 years of streaming and this model seems like its teetering. When there is no competition to incentivize better services and fair prices, we all suffer the consequences.". Thanks for contacting us. </p> The next decade of her life was basically one battle after another with streamers, trying to make things better. Taylor puts out her first record and she wants people to listen to it, so she has to go on radio and on tour. She was upset about the low streaming rates that youre talking about. All rights reserved. I think that piece of it is the thing that makes her the most unusual. 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. Ill bring this back to Taylor Swift, because she did live through these eras. Look, man, I came up in an era where a guitar solo in a small, smokey room with 300 people is perfect. Talk to us about the CD era. In less than an hour of availability, the ticketing platform's servers were "unable to answer", with . David Hasselhoff is still doing well in Germany. You would get a small proportion, 20 percent or less. Steve Aoki told us why hes doing the Aokiverse. 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. However, the sale quickly descended into chaos as fans began reporting site crashes, extremely long waits and other technical glitches. 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.". There are still lots of experiments out there, but it seems like it might have been a little blip in the pan when everyone was bored at their house during the worst parts of lockdown. Here's Everything to Know. Ticketmaster said it saw a "historic demand for tickets" during Taylor Swift's presale Tuesday. 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. 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. She has not yet had to make that turn, but the midline artist is desperate for the next thing they can sell. Maybe its because there are so many different people on the team using it or something, but no, its way off. 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. Fans are also quite unhappy with a lot of these ticketing issues as well, obviously. 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." I think a lot of it has to do with, frankly, mismatches of supply and demand. I wasnt going to buy the nine-song record because CDs at my local Best Buy were very expensive. "UM. 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. 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. I had Loverfest tickets (which supposedly boosted me). 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. The company later said that over 3.5 million users pre-registered for the sale, making it the largest registration in Ticketmaster history. 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. They give you the movies that they have licensed, then things just disappear and you no longer have them. It literally is the same. She wants to own every piece as much as she can, as long as this thing is still working for the rights-holders. Justin Bieber was a YouTuber. What we can sell them is convenience, as opposed to the chaos of piracy. "Even when a high demand onsale goes flawlessly from a tech perspective, many fans are left empty handed. High demand for Taylor Swift concert tickets led Ticketmaster to delay the West Coast pre-sale. Ticketmaster has claimed that demand for Swift's tour was record-setting: More than 3.5 million people signed up for the Verified Fan presale, 1.5 million were given presale codes, and more. Especially smaller artists that cant front the money for a huge spectacular stage show. The tour is set to kick off in Arizona in March and wrap up in Los Angeles in August. Its this massive spectacle, the Future Nostalgia Tour looks amazing, but shes like permanently on tour. Now theres much more. 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. ", Swift said Friday that the controversy occurred because of a "multitude of reasons," and suggested that the blame for the situation falls on Ticketmaster. She is trying to reclaim the rights to all of her master recordings, which were sold without her permission by her former label. What happens after you submit a ticket request? Its both, because she is putting out vinyl. 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. 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. If we had a pay-per-stream model, all of a sudden Spotify would have to pay out seven times more than its used to during that winter season. At last, some good news for Swifties came on Dec. 12, when select fans received emails notifying them that they would get a second chance to purchase Eras tickets. Fans had until Nov. 9 to register for the Eras presale through Ticketmaster's Verified Fan program. In a previous statement, Ticketmaster said more than 3.5 million people pre-registered for verified fan, the largest registration in the companys history. 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. All those folks who had secured really great deals and contracts, and who were making lots of money, were very upset by the piracy that started to take place around 2000. 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. The singer commented on the issue on her Instagram story on Friday, saying that . 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. Dude, music licensing is so freaking complicated. Many fans sat in the Ticketmaster queue for hours waiting to get Swift tickets. 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. 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. The talent scouts whose job it is to go and find new talent are surfing TikTok. 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. Im pulling my back catalog. That was bold, because by 2014, the winds were in the sails of streaming. (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.". "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.". 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. Spotify and others pay billions of dollars to rights-holders, and she is making sure that shes a rights-holder. Its happening at Warner Discovery. As I said, if youre the rights-holder, if youre the label or if you own the master recording, there is a lot of money to be made. That is the big question. If you were a songwriter like Taylor Swift, you would also get a cut of the publishing royalties. Okay, theyre working to sell my product because they have a financial stake in the product too.. As much as this streaming model may not be a good business, music is a really essential part of our culture. It goes without saying that I'm extremely protective of my fans. "Thank you for wanting to be there," she said. Everything has just become more expensive in our world with inflation. I dont think we actually know, but if you were an artist at that time, how much of that money was coming to you? Were looking at Taylor Swift and using her career to chart us through this era. I live in the best city for it," said Amy . The vast majority of Spotifys revenue goes to rights-holders, and yes, rights-holders are a stand-in mostly for labels. The tour, which will be a "journey through the musical eras" of Swift's career, is set to kick off next March in Arizona. They dont have exactly that license right now, as far as I understand. And yet, not all the people are as rich as they should be. If you go back in this episode to when I asked Charlie to explain music licensing, there was a sigh. You have to make it on your own. "It obviously wasn't meant to be if we didn't get tickets but we're upset. High demand for Taylor Swift concert tickets led Ticketmaster to delay the West Coast pre-sale. Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Music is an art creation business, a content creation business. November 18, 2022 / 1:08 PM I mean, you cant take that away. Theyre not a music company anymore. Now theyre saying, You need a following. Does streaming keep on working? 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. You are having to convert people from place to place to place to place, and those platforms dont want you leaving. Taylor Swift Makes Surprise AMAs Appearance in Golden Jumpsuit and Shouts Out Blake Lively! You have to find another planet, for other reasons too, unfortunately. The rocky presale era for the "Eras Tour" is finally over.. After a long wait, tickets are available on most platforms for Taylor . The economics of this dont make sense for us. In this period she withheld albums from streaming at times, and removed her entire back catalog from Spotify. Actually the last half hour of this episode is you just doing a solo. 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. 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. "I never could have imagined how insane this whole process has been," one of Swift's fans, Amber Garis, told CBS Mornings. I want it in bigger places. I mean, it is important to note that the entire music catalog is not available. Its not the nicest ocean to swim in. They cant control their costs. Its just like, Youre going to have to deal with it.. It . Its NFTs, its blockchain tokens, its whatever universe the DJs want to put together. In her case, she doesnt have any ability to do so because it is owned by a financial family fund that doesnt want to give it to her. Everyone knew getting tickets for Taylor Swift's The Eras Tour was going . 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. They got everything for free. First published on November 18, 2022 / 1:08 PM. For all the other people who are listening to playlists and keeping music on in the background forever, those people are potentially diluting the listening of fans who only listen really closely to one artist for an hour or two a day. I mean, its like the bigger internet story, in that you can find more interesting, beautiful, and special little things. I think a lot of folks are looking to K-pop. 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 People want higher payouts per stream, and they want streams that are fair to artists and actually connected to their subscription. "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," read a tweet posted to the official Ticketmaster account. It is fascinating to me that she is able to pull it off in this way, because there is no secondary transaction. That to me is the thing that might change it in the TikTok context. Just to put a cap on this episode, what are the markers you see of positive change? 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