", "It goes without saying that I'm extremely protective of my fans," she said. I dont know. Apples basically saying, Listen, in order to launch a streaming service, we need a ton of users. I mean, they would all say they are. The demand "could have filled 900 stadiums," he said. Touring is certainly doing really well for her. Theres huge supply strain constraints. This material may not be published, broadcast, rewritten, or redistributed. "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. A lot of songwriters liked that model. Im not being fair to Guns N Roses here, but lets just say its only you and three other people listening to them. Yes, in the early 2010s, artists like Adele and Coldplay were also saying, Hey, were not down with this. The share of listening minutes is divided by national pools. It seems like in the past two years especially, it has remodeled the music industry. The series of concerts is . 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 She was the product of a Nashville system and she did not have a built-in fan base when she released her first record. That to me seems like the most opaque part of this entire thing. "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. The plaintiffs, who are seeking a penalty of $2,500 against the company for every violation of Business and Professions Code section 17200, additionally claimed that Ticketmaster "intentionally and purposefully mislead ticket purchasers" by permitting "scalpers and bots" to access the presale. 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 The economics of this dont make sense for us. Charlie, I think the algorithm might be better than you think. That is the big question. AP Taylor Swift at the MTV Europe Music Awards Nov. 13 in Duesseldorf, Germany. Everyone knew getting tickets for Taylor Swift's The Eras Tour was going . You can get your one robot nursery rhyme to go viral on TikTok, but then you dont have any other moves. You and some of your listeners can dispute this, but music is not a technology business. They were a manufacturer in a way that a label today is not. That would be nice and simple, but no, that is not at all how it works. Yes, CDs basically tanked because everybody realized, I want to listen to all the music, and I dont really want to pay for it. CDs were expensive. When there is no competition to incentivize better services and fair prices, we all suffer the consequences.". 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.". I love having you on the show. EMI was eventually bought by Universal, so there was a lot of consolidation on the label side. You need to be posting many times a day, and you need to be figuring out how to create whole moments every single week in order to maintain attention when theres so much other material that people could be focused on. Now theres much more. 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. And then Taylor Swift transcends it all. 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.. All Rights Reserved, By submitting your email, you agree to our. Things that blow up on TikTok go to Spotify, and things that are streamed on Spotify then go onto Billboard charts. The queue for those tickets, initially reserved for both Taylor . It was almost like the launch of MTV in terms of a new place for people to be able to make hits with audiences that had been underappreciated, mostly young people hanging out on their phones. Does that stuff seem viable to you? Just to put a cap on this episode, what are the markers you see of positive change? Right. So when everybody wants to do that at the exact same time, all of the venues and all the promoters are now in a place where I mean, I would book Harry Styles for 30 years of residency or put Taylor Swift on tour forever if I were Ticketmaster, because there is so much potential revenue to be made off of ticketing fees in those scenarios. Because its marketing. The next thing, or at least the promise of the next thing from some very motivated members of the industry, is crypto shit. Taylor Swift performs onstage during her "Reputation" stadium tour in Arlington, Texas, on Oct. 5, 2018. It seems as though Ticketmaster should've known that arguably the . Trouble, trouble, trouble Having trouble using Ticketmaster? 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. That is not at all how it works. So, yeah, its no wonder. That is more or less how the streaming model works. 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 think thats the thing that leads to lasting impact. Its still not the entire penny. Now heres the thing. Since she has been listed as Billboard's Top Artist in the Artists 100 chart, with her song Antihero holding the top spot on the Billboard Hot 100 for the third week. Theyre also going to shows and doing their old style stuff as well, but they have more data and tools than ever to figure out what is bubbling up. To get music, you had to go to the store and buy a physical copy of a CD, and that made everybody rich. 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. 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. The whole model feels utterly precarious right now. All presale codes and links sent via text will still work at that time, they said. If youre a music label, youre almost like a venture capitalist. They were smart to follow what the crowd was doing. The first leg of the tour will be in stadiums across the US, with international dates to be announced as soon as we can!" The most exciting thing in music is that people control more of their destiny. 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. If you go back and listen to other Decoder conversations, like the one we had with Steve Boom from Amazon Music, its shocking to me how over and over again music itself is undervalued. Its often like the Marvel Cinematic Universe. Like the streaming model, there is going to be a cap on the amount of concerts that people are going to go to. Well, this is the thing. The supply of music was growing, and the overall proportion of revenues per artist per song had been declining. In less than an hour of availability, the ticketing platform's servers were "unable to answer", with . She didnt want to participate in that model. "We apologized for the difficulties you may have experienced, and have been asked by Taylor's team to create this additional opportunity for you to purchase tickets.". There are all kinds of things that are happening in music to lead into that potential future world in which music will be essential. I think that they were smart to chase what the people were doing. The music that we are able to listen to is music that can be monetized. Pennsylvanians experiencing problems using the site should submit a complaint to my office: https://t.co/ZMqsSY0N2I. 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. Now, Swift herself has addressed how she feels about the . Maybe you buy a movie on iTunes for $20 or $30. So then that era ends and were no longer making all the money on CDs, the revenue for the industry has crashed because of piracy, and for some reason its really hard to get a ringtone on a phone, so people will pay 99 cents for a ringtone. (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. It thinks the Switched on Pop TikTok account is an in-recovery smoker who is really into a bunch of very dated movie references. All fans receiving this opportunity were notified via email on Monday, December 12. Its both, because she is putting out vinyl. That is a huge part of why Apple is betting on Atmos. Im sorry, but Im sure its in the models. Legal Statement. Its not happening anymore. She was very hesitant to participate in the new digital era, calling out the ways in which it was set up to exploit artists. One, I think we both very much like Taylor Swifts music and we think shes a good musician. "The site was supposed to be opened up for 1.5 million verified Taylor Swift fans," he said. Harris dead at 31. It has become the centerpiece of our social media. There are all kinds of new ways to participate. Getty Images Burn. in commercials. Charlie, this was amazing. The musics not valuable. "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. She added, "The first leg of the tour will be in stadiums across the US, with international dates to be announced as soon as we can! Market data provided byFactset. Her albums Fearless and Speak Now came out in this time of big disruption, with early streaming and people still buying records. That set of conditions is one in which it feels to me like were on the precipice of a failed marketplace. Taylor Swift has addressed Ticketmaster cancelling the public sale of tickets to her highly anticipated Eras Tour. So, in this episode, Charlie and I walk through a brief history of the music business which, despite its ever-changing business models, is permanently trying to find something to sell you for $20, whether thats the music itself, all-access streaming, merch, and even NFTs using Taylor Swift as a case study. Now, here in 2023, the music is marketing for you selling everything else your concert tickets, your merch, your NFTs, whatever it is. The royalty rights werent necessarily better, and it just depends on the structure of any given persons deal, but things were much more assured. ``, `` it goes without saying that I 'm extremely protective of my,. Opened up for 1.5 million verified Taylor Swift at taylor swift era tickets ticketmaster MTV Europe music Awards Nov. in. 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