Its often like the Marvel Cinematic Universe. The thing that we are looking for is which breakout viral successes from TikTok will turn into a multi-decade career like Taylor Swifts. Just by Googling the name of the song, you can probably find a way to listen to it. They are able to get out of there and cash out on the venture capital model. A lot of songwriters liked that model. Certainly, the most successful are the K-pop groups. Many fans sat in the Ticketmaster queue for hours waiting to get Swift tickets. Ticketmaster has canceled the public sale of Taylor Swift's "The Eras Tour" after high demand in the pre-sales. "You have no idea how much that means.". No, because its the total amount of listening. (Gareth Cattermole/TAS18/Getty Images for TAS / Getty Images). Hes another nuclear, bright talent. You had a whole different set of distributors, given that there were physical goods, but most of them have shut down. The question is, do we keep listening in this way? It's going to happen," Swift said when asked by the host, adding, "We will do it and it will be great.". Honestly, the only one that I would put money on right now is Lil Nas X. The Pennsylvania Attorney General's Office is even getting involved, telling residents experiencing problems with the site tosubmit a complaint. We have to talk about music licensing. ", Taylor Swift's 10th studio album, "Midnights," was released on Oct. 21. 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. Its not the nicest ocean to swim in. 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. It used to be that you sold the music, and all the other stuff was just promotion for the music as this thing you sold. Its something that you already briefly mentioned, which is that people are developing their own audiences before they ever go to a label and sign a deal. I think that middle step of, We need to print CDs, we need to promote CDs, we need to sell CDs, and we need to have a relationship with retailers in order to even have the CDs in the stores, always seemed like a big chunk of revenue that should naturally go to the artist. When I say streaming is on the rocks, what Im getting at is that its still not as valuable to anyone as it should be. I had a boost email from TaylorNation, she wrote. What do you think a label is looking for? It actually does create an opportunity where there are small collectibles that anybody can participate in. You go to the store, you spend $20 to buy the CD. Obviously, with an NFT, you dont have to front the cost of a tour and you dont have to manufacture clocks. The company said the cancelation was triggered by unprecedented demand, with more than 3.5 million people pre-registered to get an access code for purchasing tickets. 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. They are certainly desperate and in need of something at this point. 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. She has mastered the album release cycle. There was like a 10-year dark era, the Middle Ages, where the industry was searching for the next thing. She knows that super fans will buy not only vinyl, but also the super deluxe vinyl version of the collectors thing and blah, blah. 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. Talk to us about the CD era. He creates whole media cycles off of the things that he makes. She has four versions of this album that make a clock, and you have to buy all four copies on vinyl. Many people are arguing for a pay-per-stream model. There is no shortage of stories of artists, musicians, and songwriters being short-shrifted throughout the entirety of the music industry. November 18, 2022 / 1:08 PM Artists and performers didnt get paid off with radio streams unless they were a songwriter. 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. "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.". Walk us through why Taylor wants to re-record her songs, and how this connects to the big catalog sales were seeing from artists like Neil Young, and there was a report about Dr Dre over the weekend. Unfortunately, a lot of them dont then translate into fan bases that will come out and buy tickets to shows. 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. Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. In the 2010s, with each record release, there seemed to be a major dispute with the streamers., Well in the 2010s, with each record release, there seemed to be a major dispute with the streamers. I mean, it is important to note that the entire music catalog is not available. Maybe you buy a movie on iTunes for $20 or $30. "I love music, and I love live music even more. The ticket-selling site paused the Central Standard Time queues, delayed the West Coast times and pushed the Capital One presale to Wednesday to accommodate the demand. You have to find another planet, for other reasons too, unfortunately. Theyre able to get their. My instinct is that theyre like, Yeah, heres this license to see if your little ticky-tockie works, and now theyre at the end of a period and theyre like, Oh, it worked really well. Were talking about crypto. 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. Taylor Swift, interestingly enough, is a great way of looking at the different eras of the music industry, of when they began and when they ended. How did Spotify do at that moment? Sign up for free Patch newsletters and alerts. I think every artist has always thought that their label takes too much money. Right? Selling Taylor Swift ERA tickets on Stubhub - Questions! Shes currently re-releasing all of her old albums. The Midnights singer's loyal listeners have taken the company to task after the ticket-buying process for her upcoming Eras Tour resulted in chaos. She was very hesitant to participate in the new digital era, calling out the ways in which it was set up to exploit artists. I was a collector. I didnt want to rent, and I wasnt into the streaming thing. 4 tickets together to the ERA'S TOUR Taylor Swift on Saturday May 13th (5/13/23)! Theyre just not getting any streams, and by the end, when its all divided out, very little revenue comes to Guns N Roses. From how the chaos ensued to the response it's provoking from lawmakers, here's everything to know about the debacle surrounding Ticketmaster and Taylor Swift's Eras Tour. 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. 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. Section 240 Row 15 Seats 22-25 Transfer from Ticketmaster electronically upon payment : tickets are in hand. She withheld her new releases from Spotify, but now her new releases are on Spotify. "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. LOS ANGELES, CA Trying to buy Taylor Swift tickets for the Eras Tour? She has inhabited a lot of them and been able to go with the changes in a way that many artists have not. 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. At some point, she should go see her family. The tour is set to kick off in Arizona in March and wrap up in Los Angeles in August. 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. I recognize Im a dinosaur and thats fine. Thats why Im saying its way more than TikTok. 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. Metallica: famously unhappy about the internet. The company later said that over 3.5 million users pre-registered for the sale, making it the largest registration in Ticketmaster history. Talk to us about the CD era. You can get your one robot nursery rhyme to go viral on TikTok, but then you dont have any other moves. The master recording represents the largest majority of the revenue in streaming, as it did in the physical goods era as well. Well, yeah. Those fans arent going to stick around forever. Thats very dark. Tickets, $40-$146, Seat Geek. Thats for sure. Are there any other artists that have done it differently or better than she has? Its like he gets human psychology. In addition to a lawsuit filed by over two dozen fans against Live Nation Entertainment, Ticketmaster's parent company, the Swifties are taking their complaints against Ticketmaster all the way to D.C. The next thing, or at least the promise of the next thing from some very motivated members of the industry, is crypto shit. Music listening may be seasonal. ", "It goes without saying that I'm extremely protective of my fans," she said. Your Spotify or Apple Music monthly fee is cheaper than Netflix, HBO Max, or whatever else, and you get more. Most of them are pooling, some of them are doing pay per stream, but most are not. It gets harder and harder to eke more dollars out of the rest of the globe. Did you get your tickets yet? People arent getting paid enough. 1999 was the height and record profits were declining, yet CD sales were still very large at that point. So yes, there are other breakout stars, and there are more and more of them every single day. Its like, How long is this fandom going to last? There has been a financialization of music catalogs, and many people are selling their catalogs for multiples of over 10. I have this theory that music is usually about five years ahead of the rest of media in terms of its relationship to tech whether thats new formats based on new tech, like vinyl to CDs, new business models like streaming, or simply being disrupted by new kinds of artists who use new forms of promotion, like TikTok, in unexpected ways. Here's how it plans to handle selling them. How much of that money went to her as the artist, in general? This is the story of big content creators that has been coming out over the years of how actually truly demanding it is. Its tenuous. That is not what Taylor is doing. There are some very meaningful, projectable revenues that can be made if you own all of your recordings, so she is taking those actions. Please keep in mind: Capital [] Instead, what they do is they give out a proportion of their revenues. That is a monopoly. They get early options in Spotify and they get guaranteed payments per year early on, so theyre certain that many millions of dollars are going to come into their coffers, even if no one listens to the service. Fans are also quite unhappy with a lot of these ticketing issues as well, obviously. So much information is not accessible. I was very budget-constrained at that point in my life, and I used to count the number of songs on an album to think about where I should put my money. Thought that their label takes too much money the things that he makes these ticketing issues as,... I had a whole different set of distributors, given that there were physical era! Rent, and so on largest majority of the revenue in streaming, as did! 20 to buy all four copies on vinyl buy all four copies vinyl... Handle selling them now is Lil Nas X I think theres just and. Into a multi-decade career like Taylor Swifts ANGELES in August of these ticketing issues as well get more out... 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