"This exceeded every expectation," Maffei explained. We map her big moves against the business of music over time to try to see if this really is the end of an era. ", Swift said Friday that the controversy occurred because of a "multitude of reasons," and suggested that the blame for the situation falls on Ticketmaster. They still dont. "I never could have imagined how insane this whole process has been," one of Swift's fans, Amber Garis, told CBS Mornings. There are so many robot nursery rhymes that go viral on TikTok and then they kind of go nowhere. People are always going to be upset about their contracts in music. 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. Taylor Swift fans sue . Taylor Swift has mastered this inversion, creating demand for her actual physical albums, merch, and her tours. Its happening at Netflix. The talent scouts whose job it is to go and find new talent are surfing TikTok. Its obvious. If and when virtual reality becomes a compelling, mainstream product for many, many people, music will certainly be at the centerpiece . It seems like in the past two years especially, it has remodeled the music industry. What do you think a label is looking for? Ticketmaster cancels Taylor Swift public ticket sales due to demand and 'insufficient' supply. 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.". 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. I pay Spotify $15 a month. I am curious and skeptical whether or not that simpler model could work. From a listener point of view, no wonder we were unhappy. Its tenuous. Dude, music licensing is so freaking complicated. If music was working, you could keep leaning harder into it, but its not the future of that business. She got into a fight about Apple Music, but now shes one of the faces of Apple Music. They want to have a relationship with it. This was a religious war inside the tech and media industries. 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You get the entire catalog of recorded music, in a way that Netflix doesnt have everything or HBO doesnt have everything. There are no founder-friendly music labels out there. Currently, in Ticketmaster, they are showing as transferrable. In this period she withheld albums from streaming at times, and removed her entire back catalog from Spotify. "The site was supposed to be opened up for 1.5 million verified Taylor Swift fans," he said. The economics of this dont make sense for us. I dont want to deny that it could come from that ecosystem. Bad record contract or not, you still spent $20 and the artist and their label can now fight over how much of that $20 they get. 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. By Kaetlyn Liddy. Certainly, the most successful are the K-pop groups. The music that we are able to listen to is music that can be monetized. 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. 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. Youre not going to get the US consumer everywhere you go around the world. 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. They want to exit or they actually believe in this system and think that those revenues in the future are going to be very valuable. And that is true; I am on guitar solo TikTok. Hes another nuclear, bright talent. But because of the structure of the industry, that relationship has all but disintegrated. The expectation from the fans now is that youre going to mount a spectacle. Theres huge supply strain constraints. Thats Decoder everybody. The greatest hits record is a really interesting example. We have three big labels now, but we had four at the time. Again, I will say, I think the style of pop music in particular right now does not lend itself to the intimate club show. "Its a function of Taylor Swift. Several pre-sales events are planned ahead of Madonna's holiday tour before the public sale begins, which Becker considers a bad sign. Absolutely, there was clarity. We should just do a mashup of that sigh across all episodes. Charlie was like, Well, there are two parts of the song. of residency or put Taylor . 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. 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. "You have no idea how much that means.". There have been 20 years of the streaming business. / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Those verified fans were informed by email Monday that they would be individually invited to put dibs on a purchase request by Dec. 23, with a two-ticket limit. (Matt Winkelmeyer/TAS18/Getty Images for TAS / Getty Images). Do they know that their business is out the window? The company did not say whether more tickets would be sold for the tour at a later date. At the request of Swift's team, the ticket seller said on Monday that . Taylor Swift will release additional tickets for The Eras Tour, one month on from the Ticketmaster sales debacle which crashed the site and saw thousands of fans miss 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. 2023 Vox Media, LLC. 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. They dont know how much listening is going to happen during that time, and they dont know exactly how much revenue theres going to be in any given time period either. And maybe more importantly, to try and figure out if the music industry can sustain and support artists who are not Taylor Swift because streaming all by itself definitely cannot. . Its all out there. The mega ticket marketplace has apologized but its not enough for these diehard Swifties, who are claiming Ticketmaster purposefully misled presale ticketbuyers when it could not satisfy ticket demand.. Its beautifully made music, and I understand that they were all dating each other and you can just hear the pain, but I find it tedious and boring. Well, if you want to do a 20 best guitar solos of all time conversation, we can start a whole new podcast on that. 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. So Spotify arrived internationally in 2006, famously as a response to piracy, especially in European countries, where piracy completely destroyed the industry. 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. A few days later, Swift confirmed she was going back on tour in 2023. The musics not valuable. She also shared the names of the performers who will be joining her onstage for her opening acts, including Paramore, Phoebe Bridgers and HAIM, before ending with a message to her fans: "I can't WAIT to see your gorgeous faces out there. And the U.S. Senate subcommittee that handles antitrust and consumer rights matters revealed it plans to hold a hearing to discuss concerns about Ticketmaster in the wake of the Eras errors. "I never could have imagined how insane this whole process has been," one of Swift's fans, Amber Garis, told CBS Mornings. High demand for Taylor Swift concert tickets led Ticketmaster to delay the West Coast pre-sale. There was maybe a simplicity, a clarity, to how the business worked. People use these platforms to hopefully up-level off of those platforms into places where they can secure more acclaim, revenue, et cetera. Its all the best stuff. 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. It might be undervalued financially, but in terms of value as humans, it is so essential to us. Those fans arent going to stick around forever. Thats very dark. He and his Consumer Protection team will use every available tool to ensure that no consumer protection laws were violated," his office tweeted Wednesday. Its hard to think of another artist at this point that actually monetizes music itself as the primary and richest revenue stream. There are all kinds of new ways to participate. She has mastered the album release cycle. 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. Thats actually maybe the most interesting piece of the TikTok puzzle, the Instagram Reels puzzle, and the YouTube Shorts puzzle. Were done. Many people are arguing for a pay-per-stream model. What you do is you say, Hey, were going to give you a little bit of an advance. The way you make more money is often either by getting your stuff to more people or by being some middleman who gets a better, stronger contract. Taylor puts out her first record and she wants people to listen to it, so she has to go on radio and on tour. I didnt want to rent, and I wasnt into the streaming thing. (Getty Images / Getty Images), SPOTIFY CROWNS TAYLOR SWIFT'S MIDNIGHTS AS MOST-STREAMED ARTIST, MOST-STREAMED ALBUM. 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. 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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 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. I feel like I always force you into this every time youre on our show. Theyre making a really big gamble about their future. Taylor Swift Finally Addressed the Ticketmaster Debacle. 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. When you see how she has made that shift, are there any other artists who have managed to pull that off? Theres certainly the value of the music in advertising sync and getting it synced in video and so on. What I would not bet against is the internet and the expectation, which an entire generation has now been raised with, that all the music is on YouTube. She is the centerpiece of actual demand from a very passionate fan base, and instead of pointing that fan bases demand at merch or whatever, she points it at music making. Sometimes the music disappears. Vinyl is a small but meaningfully growing share of the music revenue pie. Now, Swift herself has addressed how she feels about the . Ticketmaster said it saw a "historic demand for tickets" during Taylor Swift's presale Tuesday. Ringtones was one of them. Right. You heard it here first. The idea is that you have to just accept that people want access to everything all the time. / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Is the music on streaming still just marketing for that stuff, or is that valuable to her now as well? Subscribehere! 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. Even before ticket sales kicked off, the demand for Swift's upcoming tour was high so much so that the Midnights singer added an . She is unusual in that the length of her career spans from the end of the CD era into the streaming era. Do they know theyre navigating it? "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.". Okay. She wants to own every piece as much as she can, as long as this thing is still working for the rights-holders. Ticketmaster no longer wants to be the "Anti-Hero" to Taylor Swift fans. News / Jan 17, 2023 / 10:23 PM CST. The industry is very mad at Apple for this, but the iPods ascendancy is there. Look, man, I came up in an era where a guitar solo in a small, smokey room with 300 people is perfect.
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