Its not happening anymore. They were a manufacturer in a way that a label today is not. LOS ANGELES, CA Trying to buy Taylor Swift tickets for the Eras Tour? Go make a record. 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. 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. It gets proven out in Europe over time. In this period she withheld albums from streaming at times, and removed her entire back catalog from Spotify. Taylor Swift's Eras Tour is on track to sell $591 . 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. For the labels, its very clear. 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. 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. There are just endless ways in which people have gotten the short end of the stick here, and she wants to have the biggest stick in the game and own as much of her music legacy as she possibly can. ", She continued, "That's why we will hold a hearing on how consolidation in the live entertainment and ticketing industry harms customers and artists alike. Some potential ticket buyers were locked out of the sale when their Verified Fan codes failed to work, while others were initially able to secure tickets, only to lose them and get kicked out of the process once they tried to check out. Its like, Thats what I call music. I was a verified fan. Its simple, it makes sense, its great for indie artists who are often devalued, and its great for fandoms to make sure that their money is really going to the people that theyre listening to. <p>Taylor Swift | Era's Tour | 1st Floor Ticket | With It's Been A Long Time Coming VIP Package| Los Angeles 8/8. Thats what Im saying. 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 Market data provided byFactset. She has inhabited a lot of them and been able to go with the changes in a way that many artists have not. I remember Steve Jobs saying, People dont want to rent their music. Section 240 Row 15 Seats 22-25 Transfer from Ticketmaster electronically upon payment : tickets are in hand. Taylor Swift fans who are registered as "verified" may have a second shot at tickets to her "Eras Tour" as Ticketmaster tries to make things right after its website crashed last month amid an onslaught of orders. The Ticketmaster site was not prepared for the volume of Taylor Swift fans logging on for Tuesday's verified fan presale. 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. "Even when a high demand onsale goes flawlessly from a tech perspective, many fans are left empty handed. 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. The company noted that although they only gave out 1.5 million presale codes, the site was overwhelmed on the day of the sale due to fans who showed up without a code and a "staggering number of bot attacks.". Sign up for free Patch newsletters and alerts. Let us know when you do in comments. You said at the beginning here that streaming feels like its on the rocks. Look, I recognize that it is beautifully made music. Does streaming keep on working? She didnt want to participate in that model. I dont think so. Hes another nuclear, bright talent. They just get put out for digital distribution. Fans are also quite unhappy with a lot of these ticketing issues as well, obviously. Haim Sisters Excited for 'Backstage Dance Parties' on Taylor Swift 'Eras' Tour: 'It Is Perfect', Paramore Announces Massive 26-City US Summer Arena Tour in Support of Upcoming 'This Is Why' Album, All About Taylor Swift's Eras Tour Opening Acts, A Timeline of Balenciaga's Ad Campaign Scandal, Anita Baker Announces First Full Tour Since 1995 to Celebrate 40th Anniversary of 'The Songstress', iHeartRadio's Massive 2022 Jingle Ball Tour Lineup Features Dua Lipa, Lizzo, Jack Harlow and More, Who Is Frankie Jonas' Girlfriend? Dec. 12, 2022, 1:37 PM PST. High demand for Taylor Swift concert tickets led Ticketmaster to delay the West Coast pre-sale. Here we go! You can make an entire business of curation in that way. Its this massive spectacle, the Future Nostalgia Tour looks amazing, but shes like permanently on tour. FAQ - New Privacy Policy, Check out what's clicking on FoxBusiness.com. 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. She has mastered the album release cycle. You have no idea how much that means.". I mean, they would all say they are. It . You are entering a deal where you are hopefully successful and then funding all of the other things that are not successful. Harris dead at 31. ", Swift said Friday that the controversy occurred because of a "multitude of reasons," and suggested that the blame for the situation falls on Ticketmaster. Swift reported over Twitter. First published on November 18, 2022 / 1:42 PM. Were done. It just created a sensation, but it was a huge, expensive stadium tour. A lot of her early records were released on CD, but by Red, there was a lot of pressure to put things on streaming. 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. Theres so much. 2022 CBS Interactive Inc. All Rights Reserved. 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. Selling Taylor Swift ERA tickets on Stubhub - Questions! Thats actually maybe the most interesting piece of the TikTok puzzle, the Instagram Reels puzzle, and the YouTube Shorts puzzle. The company did not say whether more tickets would be sold for the tour at a later date. What you do is you say, Hey, were going to give you a little bit of an advance. Those with Capitol One on-sale codes were rescheduled to buy tickets Wednesday at 2 p.m. local venue time. Her career is definitely a good case study across the last almost 20 years. Then she was like, I have a new record, but if you want to listen to it, you have to pay for it.. There have been countless stories of the ways in which being on the road is immensely unhealthy, and greater awareness of the ways in which its just really bad for ones mental health to be infinitely on the road and completely displaced. 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. Microfiches do that. 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 outlet reported that Ticketmaster will use Ticketstoday a ticketing platform first made in the early '00s for the Dave Matthews Band's fan club to sell the tickets, with the hope that the platform will help them avoid crashes or long wait times. Taylor Swift addressed the recent controversy surrounding Ticketmaster's handling of tickets for her upcoming Eras tour. 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. Its NFTs, its blockchain tokens, its whatever universe the DJs want to put together. Theres huge supply strain constraints. Certainly, BTS fans are really upset that Ticketmaster is getting an antitrust look at this moment from Taylor Swift sales when they have been complaining about the same issues for many years. She was like, Im not doing that. We now live in an intellectual property business, where a lot of these things are never actually even printed. Do they know that their business is out the window? Onsale Dates and Times TaylorSwiftTix powered by Verified Fan Starts Tue, Nov 15 @ 10:00 am EST Ends Thu, Nov 17 @ 10:00 pm EST 55 days ago Aisle Seat Verified Fan Presale Starts Tue, Nov 15 @ 10:00 am EST You go to the store, you spend $20 to buy the CD. ", Swift said that the Eras Tour would kick off on March 18, 2023, in Glendale, Arizona, and conclude on Aug. 5, 2023, in Los Angeles. Ticketmaster has claimed that demand for Swift's tour was record-setting: More than 3.5 million people signed up for the Verified Fan presale, 1.5 million were given presale codes, and more. Well, the most important thing was Spotify getting the buy-in from the entire industry. When you start getting into the number of people who are actually getting wealthy off of the streaming model, its a very, very small, elite group of people that get to have a successful music career. It should be more valued, but there is certainly money to be made. I mean, you cant take that away. What happens after you submit a ticket request? At the current moment, there is a lot of unrest about how much people are getting paid, especially when the average rate per song in streaming is declining for artists, and has been for many years. In many ways, she is at her height and shes still breaking records on charts. 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. Whatever club banger metaverse that you think you might be in, theyre going to have you in it. She was acting as a voice for a number of quite unhappy folks at that time. "I Waited 5+ Hours In The Ticketmaster Queue": Teen Is Accused Of Ruining Wedding After She Refused To Give Her Ticket To Taylor Swift's Concert To The Bride . "Thank you for wanting to be there," she said. Theyre not a music company anymore. Please enter valid email address to continue. A Live Nation shareholder claimed 14 million people attempted to purchase Taylor Swift presale tickets on Tuesday ahead of the pop star's "The Eras Tour." "It obviously wasn't meant to be if we didn't get tickets but we're upset. "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. 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. It wasnt at its lowest, but it was dropping quickly. Update 11/16/22 Taylor Swift Eras Tour Capital One Cardholder Presale Wednesday, November 16 | 2 p.m. local venue time To best access the Taylor Swift Eras Tour Capital One Cardholder Presale ticket queues, fans should log into their Ticketmaster account and click on the link for your preferred dates below. Im off., Nilay, heres the thing: that is the model of streaming. Everybody gets it. Taylor Swift fans were disappointed in the experience with Ticketmaster. Along with the tour announcement came information about how fans could score tickets. But culturally? But the model of getting that $20 from touring isnt working for everyone. 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. The industry crashed out because of piracy. ", Taylor Swift's 10th studio album, "Midnights," was released on Oct. 21. He and his Consumer Protection team will use every available tool to ensure that no consumer protection laws were violated," his office tweeted Wednesday. Charlie, this was amazing. You can be paid out in hundreds of millions, billions of dollars. 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. These streaming platforms, which were valued as tech companies, are actually just digital media companies. Now theyre saying, You need a following. The rocky presale era for the "Eras Tour" is finally over.. After a long wait, tickets are available on most platforms for Taylor . The company later said that over 3.5 million users pre-registered for the sale, making it the largest registration in Ticketmaster history. You can just make a copy of a digital object and sell it again. Well, thats what she appears to have mastered, especially with Midnights and this new tour. Very much so. Well, this is the thing. One is the sound recording, called the master, which Taylor wants to own. No offers below $2500. Invites will also be staggered by tour dates in each city. This doesnt make any sense.. 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. ", Taylor Swift fans were disappointed in the experience with Ticketmaster. Where is Groove? I love having you on the show. of residency or put Taylor . Now were in this inversion where the music is effectively free to listen to, and the artist wants your $20 for a concert ticket. They had raised the prices when they went from vinyl and cassettes to CDs. 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. Invitations will be staggered by tour dates in each city. Everyone was putting their albums on streaming, and people were having a great time exploring Spotify. 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. Even before ticket sales kicked off, the demand for Swift's upcoming tour was high so much so that the Midnights singer added an . Okay. Google does not organize the worlds information and make it universally accessible. ", The singer added that she was investigating why the situation unfolded the way it did and how it could be improved in the future. Now theyre an audio company. Just by Googling the name of the song, you can probably find a way to listen to it. There are no founder-friendly music labels out there. 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. "This exceeded every expectation," Maffei explained. 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. Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. So is everyone else. 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. FOX Business Flash top headlines for November 17. Sometimes the music disappears. Now its listens over time. I want to talk about that conversion funnel real quick. People do not want it to be taken away from them and big tech companies know that. But yeah, definitely. If the songs are just marketing for tour tickets, then you should put the songs everywhere you can all the time. As the lucky fans who were selected for the presale attempted to join the waiting room queue for tickets, Ticketmaster is reportedly crashing on many people's devices. She withheld her new releases from Spotify, but now her new releases are on Spotify. Thats for sure. Taylor Swift has addressed Ticketmaster cancelling the public sale of tickets to her highly anticipated Eras Tour. When things cant keep going up in business cycles, investors take note and disruptors take note, and there will be something else at some other point. Li Cohen is a social media producer and trending reporter for CBS News, focusing on social justice issues. Lets talk about the future of music now, and the new trends were seeing, the things that are coming next. She got into a fight about Apple Music, but now shes one of the faces of Apple Music. That to me is the thing that might change it in the TikTok context. Streaming is currently very much still a part of that. Tickets for the Era tour were first available to purchase on Nov. 15 at 10 a.m. local venue time for the lucky 1.5 million fans who received Verified Fan codes. They just had to figure out how to monetize it. First published on November 18, 2022 / 1:08 PM. We have to add some stipulations before we begin a conversation on Taylor Swift. There are just countless ways that people are trying to use these, including ownership of actual music, being able to have an exclusive license to music, or weird pictures of gifs that were made by an AI. So the person who took that bad record deal in the past, who does have the right to the songwriting, can re-record it and make more money off that record. 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. 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