", Swift said Friday that the controversy occurred because of a "multitude of reasons," and suggested that the blame for the situation falls on Ticketmaster. Theres publishing and this, et cetera Its the exact same sigh when people have to explain NFT copyright. The talent scouts whose job it is to go and find new talent are surfing TikTok. "This exceeded every expectation," Maffei explained. Is the music on streaming still just marketing for that stuff, or is that valuable to her now as well? That is going to be very, very lucrative for her. Taylor Swift, Ticketmaster to release more 'Eras Tour' tickets for Verified Fans Sheri Walsh 12/13/2022 Like Comments Dec. 12 (UPI) -- Taylor Swift gave Verified Fans some good karma. (Gareth Cattermole/TAS18/Getty Images for TAS / Getty Images). A lot of her actions have helped on the margins. Some 1.5 million fans were given a promo code for the verified fan presale, with the other 2 million placed on a waiting list. High demand for Taylor Swift concert tickets led Ticketmaster to delay the West Coast pre-sale. EMI was eventually bought by Universal, so there was a lot of consolidation on the label side. There are so many robot nursery rhymes that go viral on TikTok and then they kind of go nowhere. There are all kinds of new ways to participate. Verified fans were given codes to enter the Ticketmaster pre-sale on Tuesday, but many claimed their codes did not work. The one place of hope that I see is that the value of most digital products at this moment, the NFTs, has declined so much. And its getting harder because all of these things are marketing funnels for other places. What we can sell them is convenience, as opposed to the chaos of piracy. Youre already worth a trillion dollars. Charlie, I think the algorithm might be better than you think. While they estimated that only 15% of users experienced issues, Ticketmaster recognized "that's 15% too many, including passcode validation errors that caused fans to lose tickets they had carted." 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. She has mastered the album release cycle. Earlier that morning, Liberty Media CEO Greg Maffei (Liberty owns part of Live Nation, of which Ticketmaster is a subsidiary), had blamed the situation on the "massive demand" for Swift tickets during an interview with CNBC. Over time, as more music ended up on Spotify and people diversified their listening, there was more competition. Ticketmaster Will Sell 170,000 Remaining Tickets to Taylor Swift's Eras Tour Over Next Four Weeks, Taylor Swift Fans Planning to Sue Ticketmaster After Eras Tour Ticketing Controversy: Report, Ticketmaster Apologizes to Taylor Swift Fans, Blames Issues on 'Bot Attacks' and Record Traffic, Ticketmaster Cancels Taylor Swift Eras Tour General Ticket Sale After 'Extraordinarily High Demands', Taylor Swift Says It 'Pisses' Her Off That Fans 'Had Such a Hard Time' Purchasing Eras Tour Tickets, Taylor Swift Adds 8 New Dates to Her Eras Tour: 'I'll Get to See More of Your Beautiful Faces', Taylor Swift Announces Dates for 'Eras' Tour: 'A Journey Through the Musical Eras of My Career', Joe Jonas Jokes He'll 'Get in Line' for Taylor Swift Tickets to Surprise Wife Sophie Turner. She was like, Im out of here. They would have to figure out how to succeed on the streaming side. 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. 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. Swifties reported website outages and hours-long waits only to log off empty-handed. 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 just wont stop. Even before ticket sales kicked off, the demand for Swift's upcoming tour was high so much so that the Midnights singer added an additional 17 performances, bringing the total to 52 shows. Yeah, major sigh. They wont stop being around me, and its TikTok. 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Santigold, Shawn Mendes, Animal Collective, theyre all complaining like, This is too much. That just seems very untenable to me. 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. Which is NFTs. The company did not say whether more tickets would be sold for the tour at a later date. To get music, you had to go to the store and buy a physical copy of a CD, and that made everybody rich. They want to own it. Well, this is the thing. The era of the unknown, unsigned person who has not been on social media being discovered by a major label is over, unless youre a famous person or nepo baby. 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. In response to the report, Live Nation issued a statement on its website, saying that it "takes its responsibilities under the antitrust laws seriously and does not engage in behaviors that could justify antitrust litigation. 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. 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. Not just because of this holdup, but because they realize that this is the place where they are going to monetize. Call it what you want, but it seems safe to say at this point that the rush to buy Taylor Swift concert tickets was a complete fiasco. 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. Well, I think that tour is actually finally over, but she was effectively permanently on tour, and it was generating tons of media for her on social. 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. In 2020, you could have one breakout song that had hundreds of millions of streams on it on TikTok. Streaming is currently very much still a part of that. She got into a fight about Apple Music, but now shes one of the faces of Apple Music. I have always found those models to be a bit optimistic, because most other countries do not look like the GDP of the United States, where many of these tech companies get founded though obviously Spotify was founded in Sweden. Ticketmaster canceled last months general public sale of Swift tour tickets after seeing historically unprecedented demand at its presale events. I want it to look grander. So ticket prices are going up, and so more people want to get out on the road and capture more of those ticket prices. That is a monopoly. On the day the canceled general ticket sale was supposed to occur, Ticketmaster issued an apology to Swift fans along with a lengthy explanation about what went wrong during the presale. Thats where we should come to now. Then you just have to hope that people are going to show up. YouTube is going to be fine because Google exists. I dont know. "It obviously wasn't meant to be if we didn't get tickets but we're upset. I think you have to live and breathe in it to really see the opportunities because its moving so quickly. TikTok isnt like, Hey, heres the link to a page to be able to easily go and check out all this other stuff. Its not going to do that until it has to. She was very hesitant to participate in the new digital era, calling out the ways in which it was set up to exploit artists. ", "It goes without saying that I'm extremely protective of my fans," she said. The series of concerts is . 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. Powered and implemented byFactSet Digital Solutions. Now theyre saying, You need a following. 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. Leading the charge is Utah interior designer Julie Barfuss, who tweeted last month that she spent more than nine hours on the SeatGeek site attempting to buy Swift tickets. In the CD era, you wanted to buy a greatest hits record because it was all killer, no filler, right? "Even when a high demand onsale goes flawlessly from a tech perspective, many fans are left empty handed. Obviously, with an NFT, you dont have to front the cost of a tour and you dont have to manufacture clocks. The Capital One presale was also rescheduled for the following day. There was like a 10-year dark era, the Middle Ages, where the industry was searching for the next thing. 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. Several pre-sales events are planned ahead of Madonna's holiday tour before the public sale begins, which Becker considers a bad sign. I didnt want to rent, and I wasnt into the streaming thing. The price of fuel is an increasing cost. Since that time, hundreds of thousands registered for the right to purchase tickets days earlier than otherwise available through Ticketmaster. It thinks the Switched on Pop TikTok account is an in-recovery smoker who is really into a bunch of very dated movie references. You cant put that genie back in the bottle. Its going to be this AI-generated image of the music that you have the NFT to which will be valuable. I mean, talk about convoluted. He doesnt just get the TikTok platform. Now theres much more. ", Ticketmaster then explained their Verified Fan process, which is tasked with "identifying real humans and weeding out bots." Taylor Swift performs on stage during her "Reputation" stadium tour at Wembley Stadium in London on June 23, 2018. Especially smaller artists that cant front the money for a huge spectacular stage show. I followed their instructions, logged on early, using my laptop (not a mobile device), waiting a LONG time (like everyone else), finally got in and it was a bloodbath., She continued: Grab tickets as fast as I could, go to purchase them only to be told someone else got them first, FINALLY got tickets in my cart, only to have the site crash, got thrown back in the queue, could not get a transaction to go through.. I want it in bigger places. 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. 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. 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. We have three big labels now, but we had four at the time. "It's really difficult for me to trust an outside entity with these relationships and loyalties, and excruciating for me to just watch mistakes happen with no recourse. I was like, Napster is the future of the industry! I think underneath that is a recognition from the listener that your relationship is with the artist. 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. Oftentimes you can buy greatest hits records, and its not actually the greatest hits, its re-recordings of the greatest hits. There was some amount of value there that you could see as an artist. Like everybody else, she has all those things, but she leans the hardest into music. It was an interesting era to launch a music career, because it really was towards the death of the CD era. Im pulling my back catalog. That was bold, because by 2014, the winds were in the sails of streaming. Its like, Ugh. People often want to be mad at Spotify, and there are very reasonable objections to be had, but Spotify is right to say that they pay out billions of dollars per year to rights-holders. However, Maffei defended the Live Nation and Ticketmaster merger. I mean, we are putting that in the metaverse right away. Li Cohen is a social media producer and trending reporter for CBS News, focusing on social justice issues. SeatGeek handled primary ticketing for a few stadiums. 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. The musics not valuable. "We will sometime soonish. Microfiches do that. That turned into a weird interstitial revenue moment for the industry. The last thing I want is the Fleetwood Mac army coming for me. "Though AOC may not like every element of our business, interestingly, AEG, our competitor, who is the promoter for Taylor Swift, chose to use us because, in reality, we are the largest and most effective ticket seller in the world," he said. She has voiced concern about digital music and streaming for over a decade, and she has taken some very important actions to show herself as an underdog being exploited by big tech companies that just want to take all the money. That is not at all how it works. Im so sorry. A lot of the best people in this business are able to secure the most advantageous contracts, though often very exploitative ones, and there has been no shortage of those throughout the entire history of recorded music. There are many versions of this story. You have to get completely enmeshed in this thing and see all of it to be able to understand the references that are happening in any given moment. 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. 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. We were five years into the iTunes era at that point. The Post reached out to Ticketmaster for comment on the lawsuit. Ringtones was one of them. You and some of your listeners can dispute this, but music is not a technology business. That whole thing doesnt make sense. I dont have insight into her taxes, but obviously she has done movies and she has brand endorsements. Are there any other artists that have done it differently or better than she has? 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. Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. One is the sound recording, called the master, which Taylor wants to own. The second show was added along with more than a dozen other dates because of the huge demand. I mean, its like the bigger internet story, in that you can find more interesting, beautiful, and special little things. Tuesdays top tech news: An Apple (a) day, Watch Apples 19-minute M2 MacBook Pro and Mini intro video, The Mac Pro is now Apples last machine with an Intel chip, Apples M1 iPad Air is back down to its lowest price, Apple announces MacBook Pros with M2 Pro and M2 Max chips. You want to own the most amount of that master recording as you possibly can. I think that the listening might shift towards the people who are less interested in music, but, Hey, Im going to put on a chill playlist, and the chill playlist is background to help me study. I think a meaningful amount of revenue could be lost there. It was probably very difficult for an indie artist, because distribution was more challenging then. I have to say, Im not following it too closely because its such a complex ecosystem. I dont know if we prepped you for that. In a previous statement, Ticketmaster said more than 3.5 million people pre-registered for verified fan, the largest registration in the companys history. The first leg of the tour will be in stadiums across the US, with international dates to be announced as soon as we can!" Its really hard to change behavior. Theyre just not getting any streams, and by the end, when its all divided out, very little revenue comes to Guns N Roses. Its all the best stuff. Getty Images This is nothing new. Once again, probably best not to get your hopes up. They have been pretty obvious and pretty explicit with their own investors that renting music from labels and then selling it for pennies is not a great business model. TikTok is profound, and it has very meaningfully shifted what is happening in music.. All About Anna Olson, performers who will be joining her onstage. Spotify is one of the only major music streaming platforms not owned by a big tech company, and people want them to disentangle their revenues and their costs in a way that could sink the business a business which already doesnt make money. Search. Those fans arent going to stick around forever. Thats very dark. Taylor Swift fans were disappointed in the experience with Ticketmaster. Theyre just like, I dont understand, big tech company. The singer commented on the issue on her Instagram story on Friday, saying that Ticketmaster had assured her team "multiple times" they "could handle this kind of demand. Maybe I dont know myself. November 18, 2022 / 1:42 PM Go make a record. 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. The labels themselves are saying, Were not going to sign an unsigned artist. The value exchange they did at the beginning in the CD era, where they fronted a bunch of money to an unknown artist and spent a bunch of money on promotion and cocktail parties for Tower Records middle management retail employees, that is all out the window. 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. That means I should be able to sell them no problem here. If you go see an Avengers movie, you might spend $20 on a ticket plus popcorn, or if you watch it on streaming, you might spend an enormous amount of money for those streaming services. Politicians even got involved, with House Rep. Alexandria Ocasio-Cortez tweeting that Ticketmaster has become a "monopoly" after its merger with Live Nation and that "they need to be reigned in.". "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. It used to be that people spent $20 on an album, and if we sold a lot of albums, then we made a lot of money. Swift reported over Twitter. Nov. 11, 2022: Taylor Swift announces an additional 17 dates. In their suit, Swifties claim Ticketmaster tacitly encourages scalpers because the company gets paid fees every time tickets are resold. So is everyone else. They want to have a relationship with it. This was a religious war inside the tech and media industries. Shes a great musician, shes also just very good at making money. 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. "First, we want to apologize to Taylor and all of her fans especially those who had a terrible experience trying to purchase tickets. They have been growing and they are listening in this way. I am here for it. 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. "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 was upset about the low streaming rates that youre talking about. 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. And while the inquiry is said to predate the Eras tour disaster, the situation further exacerbated complaints from fans, musicians and politicians alike. Because its marketing.
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