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. I mean, you cant take that away. You heard it here first. Image source: taylorswift. At the request of Swift's team, the ticket seller said on Monday that . Yeah. "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. 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. The utility of it, I think, is lacking. "Daily reminder that Ticketmaster is a monopoly, its [sic] merger with LiveNation should never have been approved, and they need to be reigned [sic] in. They dont have exactly that license right now, as far as I understand. Thats where we should come to now. We can talk. You pay them the fee, and then you have access to an all-you-can-eat buffet of all the music in the world. Each of you listening is not going to give them that nice $5. Maybe you buy a movie on iTunes for $20 or $30. So Taylor Swift puts out her first CD in 2006. They want to buy their music. If the point of the big streaming inversion was, Were going to move the $20 transaction from you paying for the song to you paying for the experience, that to me is yet more evidence that this thing is on a precipice. 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. 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. This doesnt make any sense.. It seems the only option is to go find radical alternatives and get into the world of crypto in order to survive in music. "I love music, and I love live music even more. ", 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. I dont mean to say that theres zero money. Colleagues of ours at Vox had a great story about the TikTok to Spotify pipeline. Its 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., 2023 NYP Holdings, Inc. All Rights Reserved, Eminem, Taylor Swift, BTS and more donate items to MusiCares Charity Relief Auction, Taylor Swift is roasted and toasted on a Pop-Tart, Taylor Swift shocks fans with first live performance of Anti-Hero, EmRata curses Ellen DeGeneres after Taylor Swift interview resurfaces, The mega ticket marketplace has apologized. Now theyre saying, You need a following. In total, the company explained, 2.4 million tickets were sold across the Verified Fan and Capital One sales on both Ticketmaster and SeatGeek. There have been 20 years of the streaming business. She said she's "trying to figure out how the situation can be improved moving forward. We were five years into the iTunes era at that point. Taylor Swift released her first album in 2006. . That is ultimately the place where youre most likely to be making your money. Queues for the West Coast tours in Los Angeles, Las Vegas, Santa Clara, and Seattle will open at 2:30 p.m., Ticketmaster reported over Twitter. The series of concerts is . Even though theres more music than ever, there is so much historical music that is not available. Its not happening anymore. I mean, it is important to note that the entire music catalog is not available. Microsoft has failed a few times. Shes in her contract negotiations with Universal, and made sure that part of Universals ownership with Spotify will eventually distribute out to artists if they were to sell it. Do they know theyre navigating it? Now theyre an audio company. Harris dead at 31. There are some very meaningful, projectable revenues that can be made if you own all of your recordings, so she is taking those actions. "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. To get the $20 at the end, we have to front too much money. People dont get that it is this weird pooling model. Streaming is currently very much still a part of that. That is not at all how it works. Right. Just by Googling the name of the song, you can probably find a way to listen to it. 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. "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 . Now, here in 2023, the music is marketing for you selling everything else your concert tickets, your merch, your NFTs, whatever it is. If I had to pick one, I would pick him. I dont have insight into her taxes, but obviously she has done movies and she has brand endorsements. Things that blow up on TikTok go to Spotify, and things that are streamed on Spotify then go onto Billboard charts. Some potential ticket buyers were locked out of the sale when their Verified Fan codes failed to work, while others were initially able to secure tickets, only to lose them and get kicked out of the process once they tried to check out. I want it in bigger places. I dont like this.. 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. Now theres much more. 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. 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. You can find out more and change our default settings with Cookies Settings. And while the inquiry is said to predate the Eras tour disaster, the situation further exacerbated complaints from fans, musicians and politicians alike. Youre already worth a trillion dollars. AI tech companies come at me, fine, whatever, but its not a tech business. 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 was a better option. Then when they ran out of countries, their growth stopped. This is the story of big content creators that has been coming out over the years of how actually truly demanding it is. Are there any other artists that have done it differently or better than she has? If youre Dua Lipa, a lot of people will show up, but there were lots of artists this past summer who had to cancel their tours because they couldnt make the math work. That turned into a weird interstitial revenue moment for the industry. Along with the tour announcement came information about how fans could score tickets. So yes, there are other breakout stars, and there are more and more of them every single day. I dont think we actually know, but if you were an artist at that time, how much of that money was coming to you? The saga started back when Swift first announced she was going on tour following the release of her 10th studio album, Midnights. Then we are compelled to talk about NFTs and other glimmers of change that might be coming. 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. Taylor Swift fans were disappointed in the experience with Ticketmaster. The industry is very mad at Apple for this, but the iPods ascendancy is there. Trouble, trouble, trouble Having trouble using Ticketmaster? First published on November 18, 2022 / 1:42 PM. 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.". In terms of it being a threat, though, I think its more a new pathway to potentially create stars. Yeah, major sigh. It is getting more difficult because there is more content on TikTok than there ever has been before, so it is becoming harder and harder to break out every single day. They keep trying to get somewhere else. All of that was promotion for you to go spend $12 or $13 on a CD, or 99 cents on a song in the iTunes store. Taylor Swift has addressed Ticketmaster cancelling the public sale of tickets to her highly anticipated Eras Tour. 1999 was the height and record profits were declining, yet CD sales were still very large at that point. Very much so. 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. 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. I just need guitar solos. Not just because of this holdup, but because they realize that this is the place where they are going to monetize. Let us know when you do in comments. If music was working, you could keep leaning harder into it, but its not the future of that business. Go make a record. Even if a lot of people listen to our music, were not sure how much we are getting paid.. "Congratulations, you have been selected to participate in a limited-time opportunity to request to purchase 2 tickets to Taylor Swift The Eras Tour," the note read, per Billboard. They had raised the prices when they went from vinyl and cassettes to CDs. Shes an amazing songwriter. What if during the holidays all we do is listen to Mariah Carey, and we listen to her seven times as much as we listen to all other music throughout the rest of the year? Its not the nicest ocean to swim in. 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 want to look at how many Instagram or Twitter followers you have. The price of fuel is an increasing cost. All of the movie streamers do not give you all the movies. The tour, which will be a "journey through the musical eras" of Swift's career, is set to kick off next March in Arizona. The 33-page lawsuit was filed Friday in Los Angeles, attorney Jennifer Kinder told The Post. Many people are arguing for a pay-per-stream model. Over 2 million tickets were sold on Ticketmaster for Taylor Swift | The Eras Tour on Nov. 15 - the most tickets ever sold for an artist in a single day. When I think of the promise of the Metaverse, what I think about is a private equity firm collecting royalty checks on streaming Neil Youngs back catalog to me. (Matt Winkelmeyer/TAS18/Getty Images for TAS / Getty Images). Search. Im off., Nilay, heres the thing: that is the model of streaming. Its just like, Youre going to have to deal with it.. The whole model feels utterly precarious right now. She has mastered the album release cycle. I am curious and skeptical whether or not that simpler model could work. 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. Charlie, this was great. All rights reserved. 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. I was a collector. </p> Its the only way that you can hear these songs. That just seems very untenable to me. 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. One, I think we both very much like Taylor Swifts music and we think shes a good musician. She has not yet had to make that turn, but the midline artist is desperate for the next thing they can sell. 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?. Well, if you were on a label, you were going to be giving the majority of any revenue from that CD back to the label as is still done today. Here's how it plans to handle selling them. It's been a long time coming .". 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. Independent artists can fare well in this ecosystem if they get hundreds of millions of people to go listen to a song which they own the majority of, because then theyre getting the full fraction of a penny, rather than a tiny fraction of the fraction of a penny. 2023 CBS Broadcasting Inc. All Rights Reserved. In 2014, she removed her entire back catalog of music from Spotify. Because its marketing. We definitely live in an era where the actual product is so devalued that all the people that make it are in a state of precarity. Its a little late in this episode. I dont mean to be a firebrand here and bet against it. 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. (Matt Winkelmeyer/TAS18/Getty Images for TAS / Getty Images). 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. To be fair, the big knock on the music industry during the CD era was that CDs were full of filler tracks in order to make them look like a better value than they were. Will Austin Madonna tickets mirror Taylor Swift Ticketmaster . If you are doing well later in your career, you might say to the label, Hey, before I renegotiate a deal with you, I would like to own my masters not only of my current catalog, but also my back catalog, because all my fans still listen to all of that music. Many artists will do this, renegotiate their deals, get better rights, and so on. You just need a safe space of Guns N Roses fans making only Guns N Roses content. You said at the beginning here that streaming feels like its on the rocks. Right. Youre not going to get the US consumer everywhere you go around the world. 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. 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. 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.

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