I think that piece of it is the thing that makes her the most unusual. You and some of your listeners can dispute this, but music is not a technology business. 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 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. Theyre making a really big gamble about their future. Fans who weren't able to secure tickets during the Verified Fan or Capital One presales were shocked when Ticketmaster announced that the general sale planned for Friday, Nov. 18 was officially canceled. Its the future of music. Again, it stood as an admission of, We cant sell this stuff. The tour, which will be a "journey through the musical eras" of Swift's career, is set to kick off next March in Arizona. "We had 14 million people hit the site, including bots, which are not supposed to be there.". 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. 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. GettyTaylor Swift is set to release more tickets for her The Eras Tour after thousands of fans missed out on Ticketmaster[/caption] Fans were left . She said she's "trying to figure out how the situation can be improved moving forward. We have settled the most important debate: Is David Hasselhoff rich in Germany? 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. Now before we completely turned to streaming, the revenue model for touring and all the other stuff that artists did was inverted at that time. 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. Fourteen million people attempted to buy Taylor Swift pre-sale tickets on Tuesday, the CEO of Ticketmaster's largest shareholder has claimed. 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. So much information is not accessible. 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. Fans are also quite unhappy with a lot of these ticketing issues as well, obviously. Taylor Swift performs on stage during her "Reputation" stadium tour at Wembley Stadium in London on June 23, 2018. In less than an hour of availability, the ticketing platform's servers were "unable to answer", with . / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. According to Billboard, Ticketmaster still has 170,000 remaining tickets for the Eras tour and the company is gearing up to sell them to the lucky fans who previously received emails in the next four weeks. There are hundreds of people who have been signed now off of the platform to label deals. The extra dates officially made Eras her biggest tour to date. A general sale was then planned for Nov. 18 for fans who didn't receive a Verified Fan code or have a Capital One card. Since that time, hundreds of thousands registered for the right to purchase tickets days earlier than otherwise available through Ticketmaster. People do not want it to be taken away from them and big tech companies know that. Its happening at Netflix. November 18, 2022 / 1:08 PM 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. A podcast from The Verge about big ideas and other problems. The saga started back when Swift first announced she was going on tour following the release of her 10th studio album, Midnights. It gets harder and harder to eke more dollars out of the rest of the globe. That is the big question. I was a verified fan. 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. Heres how I think most people think their streaming subscription works. The musics not valuable. TikTok is profound, and it has very meaningfully shifted what is happening in music. This doesnt make any sense.. Ticketmaster cancels Taylor Swift public ticket sales due to demand and 'insufficient' supply. The singer commented on the issue on her Instagram story on Friday, saying that . "Even when a high demand onsale goes flawlessly from a tech perspective, many fans are left empty handed. From the listeners and the artists point of view, its like, What? We know were going to get a proportion of that. Taylor Swifts dispute over her masters in 2019 and 2020, is another attempt for her to wrestle back control over her music, and get more money for it. People are always going to be upset about their contracts in music. Then thats why she ends up crashing Ticketmaster, because she understands exactly how to leverage those fans into tickets. The big difference is that the whole industry was a physical goods business; as you said, people were buying CDs in stores. Thank you for wanting to be there. It fuels trends that are observed by billions of people within days. If chosen for the presale, fans were sent. The ticket-selling. She is unusual in that the length of her career spans from the end of the CD era into the streaming era. EMI was eventually bought by Universal, so there was a lot of consolidation on the label side. Invites will also be staggered by tour dates in each city. This is just part of a much larger trend of the financialization of music catalogs. Theres huge supply strain constraints. Theyre just like, I dont understand, big tech company. What you do is you say, Hey, were going to give you a little bit of an advance. That dynamic, where you expect more but pay less and the artists are openly struggling, is the most unusual thing about music to me. That just seems very untenable to me. Did it seem like the future? Taylor Swift fans are ushering in a new era for Ticketmaster. Over time, as more music ended up on Spotify and people diversified their listening, there was more competition. So, critically, Spotify is just deeply linked to the major labels. Are there going to be another 20? All of the movie streamers do not give you all the movies. Potential ticket buyers shared their frustrations on social media, comparing their experience to The Hunger Games and calling on Ticketmaster and Swift to address the debacle. 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. Certainly, the most successful are the K-pop groups. 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. Lets say Spotify has 100 subscribers, just to make it easy. Like everybody else, she has all those things, but she leans the hardest into music. 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. 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. Spotify and others pay billions of dollars to rights-holders, and she is making sure that shes a rights-holder. The industry crashed out because of piracy. It was probably on her terms, but even Taylor Swift could not get people to pay higher fees or subscribe to a music streaming service while also paying for CDs. Thats why they want to do podcasts and why they have original videos. The demand "could have filled 900 stadiums," he said. Justin Bieber was a YouTuber. Talk to us about the CD era. Taylor Swift tour tickets listed for as much as $22,000 as Ticketmaster crashes Millions of fans try to snap up presale tickets to singer's 2023 Eras tour in the US, with Ticketmaster's. I live in the best city for it," said Amy . Theyre able to get their. 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. Like the streaming model, there is going to be a cap on the amount of concerts that people are going to go to. I want to start all the way back then, with Taylor Swift in the CD era. The expectation from the fans now is that youre going to mount a spectacle. No, because its the total amount of listening. 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. You use TikTok to get someone to follow your Spotify, then they eventually go to your merch page, then they buy some merch, then they go buy a ticket, and then they eventually show up at your tour, et cetera. They are able to get out of there and cash out on the venture capital model. I mean, we are putting that in the metaverse right away. 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.. It is being monetized, and there is a lot of money flowing. I think every artist has always thought that their label takes too much money. Thats all flipped now. He doesnt just get the TikTok platform. That is ultimately the place where youre most likely to be making your money. 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. "Tennessee Attorney General Jonathan Skrmetti is concerned about consumer complaints related to @Ticketmaster. They were the dominant form of revenue. Now we live in a world where people can blow up on TikTok overnight and negotiate very favorable terms with a label because they have already built an audience. We've received your submission. You would get a small proportion, 20 percent or less. It met more needs for a smaller slice of people that were less discerning, and then it just took over everything because it was more convenient. Then she was like, I have a new record, but if you want to listen to it, you have to pay for it.. Additionally, less than 5% of tickets had been sold or posted on the secondary market. Were looking at Taylor Swift and using her career to chart us through this era. What was the structure of the industry in the 2000s? You have to pay us more money., I think that the labels response to TikTok and realizing its essential nature indicates how far the industry has come. The Capital One presale was also rescheduled for the following day. She has inhabited a lot of them and been able to go with the changes in a way that many artists have not. The queue for those tickets, initially reserved for both Taylor . Look, I recognize that it is beautifully made music. Its like, Thats what I call music. 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. She has mastered the album release cycle. 2023 CBS Broadcasting Inc. All Rights Reserved. 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. 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. Spotify has to make it on its own. 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. of residency or put Taylor . "We strive to make ticket buying as easy as possible for fans, but that hasn't been the case for many people trying to buy tickets for Taylor Swift | The Eras Tour," Ticketmaster began in the statement. Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. How did that war play out in the beginning? Well, it was similar yet different in many ways. 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