Tickets, $40-$146, Seat Geek. Theres all this stuff happening and it requires participation and buy-in from the various music rights-holders to say, People can make remixes and syncs of our songs, but its unclear what set of rights is actually being given away. 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. I love having you on the show. There are so many robot nursery rhymes that go viral on TikTok and then they kind of go nowhere. Ticketmaster cancels general public sale of Taylor Swift tour tickets. Its happening at Netflix. "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. Fans are also quite unhappy with a lot of these ticketing issues as well, obviously. "It obviously wasn't meant to be if we didn't get tickets but we're upset. Tennesee Attorney General Jonathan Skrmetti has launched an investigation into Ticketmaster due to the amount of issues raised by customers throughout the Swift pre-sales. I would pick Lil Nas X as well. The tour, which will be a "journey through the musical eras" of Swift's career, is set to kick off next March in Arizona. 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. They already have leverage. Im not going to make excuses for anyone because we asked them, multiple times, if they could handle this time of demand and we were assured they could, Swift said of the ticket fiasco. Please enter valid email address to continue. I think that the worlds in which fandoms are emphasized have definitely done well in this model. Where is Groove? AI tech companies come at me, fine, whatever, but its not a tech business. The supply of music was growing, and the overall proportion of revenues per artist per song had been declining. The saga started back when Swift first announced she was going on tour following the release of her 10th studio album, Midnights. I think its important to say that. They cant control their costs. You could walk into the store and see that your thing was the most billboarded. Charlie, this was great. Her action has been to say, Well, Im just going to re-record all my music, and hopefully my fans will listen to my version versus the version that I dont own.. Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Theres so much. Lets just be more explicit about that to make it really clear for people. The ticket-selling. But the labels, they navigate it. Taylor Swift announced the Eras Tour earlier this month her first since her "Reputation" album tour in 2018 and fans are eager to get their hands on tickets. You want to own the most amount of that master recording as you possibly can. 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! It goes without saying that I'm extremely protective of my fans. In this period she withheld albums from streaming at times, and removed her entire back catalog from Spotify. 2022 CBS Interactive Inc. All Rights Reserved. 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 next thing, or at least the promise of the next thing from some very motivated members of the industry, is crypto shit. You can find out more and change our default settings with Cookies Settings. Shes not going to buy it, so shes just recreating it, and that is an age-old thing that so many different artists have done. I wanted all of my music that Ive ever had. Lets talk about the future of music now, and the new trends were seeing, the things that are coming next. Do they know theyre navigating it? (Gareth Cattermole/TAS18/Getty Images for TAS / Getty Images). The talent scouts whose job it is to go and find new talent are surfing TikTok. I could probably name a bunch of 90s bands here, but I think were already at risk with the Taylor Swift fans. You had a whole different set of distributors, given that there were physical goods, but most of them have shut down. Taylor Swift addressed the recent controversy surrounding Ticketmaster's handling of tickets for her upcoming Eras tour. Along with the tour announcement came information about how fans could score tickets. The economics of this dont make sense for us. Theyre like, Great, we know that revenues are growing. 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. We have seen tech stocks everywhere struggling. I mean Charlie Puth was a YouTuber. Verified fans were given codes to enter the Ticketmaster pre-sale on Tuesday, but many claimed their codes did not work. The iPod is out, but Apple is still saying, Rip. 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. Google does not organize the worlds information and make it universally accessible. The company did not say whether more tickets would be sold for the tour at a later date. I want to start all the way back then, with Taylor Swift in the CD era. "I'm enchanted to announce my next tour: Taylor Swift | The Eras Tour, a journey through the musical eras of my career (past and present! People arent getting paid enough. Trouble, trouble, trouble Having trouble using Ticketmaster? I also think the mathematics of the model get really weird once youre talking about share of listening on a global basis. Does that stuff seem viable to you? 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. Following widespread issues with the sale of tickets to her upcoming Eras Tour, the singer wrote that she hopes "to provide more opportunities for us to all get together and sing these songs." On. Its the same one. A fan who had been sent a verified code was told the Ticketmaster account wasn't linked to the Verified Fan sale. 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. 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. A second presale for Swift tickets set to begin at 2 p.m. this afternoon has now been rescheduled for the same time tomorrow. The price of fuel is an increasing cost. Microsoft has failed a few times. What Im getting at is that they made physical things. While appearing on The Graham Norton Show, the "Bejeweled" singer first teased an upcoming tour tied to the release of her latest album. They dont know how much listening is going to happen during that time, and they dont know exactly how much revenue theres going to be in any given time period either. I dont know if we prepped you for that. There is only so far you can go with user growth in countries that have lower base income and where people have more sensitivity to price fluctuations. If you were a songwriter like Taylor Swift, you would also get a cut of the publishing royalties. I was joking when we were doing our prep for the show that I have been trying to escape Fleetwood Mac since I was a teenager, and they just wont go away. I mean, it puts us a bit more into the world and conversation of content creators. 1999 was the height and record profits were declining, yet CD sales were still very large at that point. (Getty Images / Getty Images), SPOTIFY CROWNS TAYLOR SWIFT'S MIDNIGHTS AS MOST-STREAMED ARTIST, MOST-STREAMED ALBUM. 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. The demand "could have filled 900 stadiums," he said. I remember Steve Jobs saying, People dont want to rent their music. Ticketmaster, based in Beverly Hills, crashed shortly after 10 a.m. Tuesday after reporting historically unprecedented demand, with "millions of fans" showing up to buy tickets for the TaylorSwiftTix Presale event. Shes saying, Heres Speak Now (Taylors Version), off we go, and now her fans have instant access. ", 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. The Pennsylvania Attorney General's Office is even getting involved, telling residents experiencing problems with the site tosubmit a complaint. There was like a 10-year dark era where the industry was searching for the next thing. Many people are arguing for a pay-per-stream model. Thank you so much. Taylor Swift has mastered this inversion, creating demand for her actual physical albums, merch, and her tours. She certainly wants to own this asset for the amount of money that can be made in streaming. I have just not been happy to see how the mad rush of everybody into printing funny little pictures happened. Theyre just like, I dont understand, big tech company. Not just because of this holdup, but because they realize that this is the place where they are going to monetize. Honestly, the only one that I would put money on right now is Lil Nas X. Copyright 2023 CBS Interactive Inc. All rights reserved. ", "I'm not going to make excuses for anyone because we asked them, multiple times, if they could handle this kind of demand and we were assured they could," she said. There are hundreds of people who have been signed now off of the platform to label deals. According to Ticketmaster's recent release, West Coast ticket sales scheduled to begin at 10 a.m. PST would be pushed back to 3 p.m. 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. Economics of this dont make sense for us fandoms are emphasized have definitely done well in this model label.. 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