They have been growing and they are listening in this way. Here we go! You can make an entire business of curation in that way. Theyre just not getting any streams, and by the end, when its all divided out, very little revenue comes to Guns N Roses. Things that blow up on TikTok go to Spotify, and things that are streamed on Spotify then go onto Billboard charts. You see why theres interest there. I remember Steve Jobs saying, People dont want to rent their music. Thank you for your patience as we continue managing this huge demand.. Along with the tour announcement came information about how fans could score tickets. The suit also alleged that Ticketmaster provided more codes than ticket allotment and scheduled the general ticket sale "knowing they would not have the quantity necessary" to fulfill the demand. The royalty rights werent necessarily better, and it just depends on the structure of any given persons deal, but things were much more assured. I have to say, Im not following it too closely because its such a complex ecosystem. Taylor Swift has found the $20 in selling clocks, shoes, and all of the other stuff that shes managed to sell, and now very expensive tour tickets. Okay, theyre working to sell my product because they have a financial stake in the product too.. Lets talk about the future of music now, and the new trends were seeing, the things that are coming next. Now, Swift herself has addressed how she feels about the . Do Guns N Roses get $0? Here's Everything to Know. Get browser notifications for breaking news, live events, and exclusive reporting. Please enter valid email address to continue. She points it at her own music and she points it obviously at this tour, which has enough demand to bring down Ticketmaster and to set off a series of antitrust investigations into whether Ticketmaster is a monopoly, which is incredible. If you go back in this episode to when I asked Charlie to explain music licensing, there was a sigh. I cover pop, but I also love to shred on the guitar. Its beautifully made music, and I understand that they were all dating each other and you can just hear the pain, but I find it tedious and boring. Li Cohen is a social media producer and trending reporter for CBS News, focusing on social justice issues. They want to buy their music. 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. And while the inquiry is said to predate the Eras tour disaster, the situation further exacerbated complaints from fans, musicians and politicians alike. Her albums Fearless and Speak Now came out in this time of big disruption, with early streaming and people still buying records. David Hasselhoff is still doing well in Germany. High demand for Taylor Swift concert tickets led Ticketmaster to delay the West Coast pre-sale. Ticketmaster no longer wants to be the "Anti-Hero" to Taylor Swift fans. When you are a young artist trying to come up, and youre like, I need to build an audience on TikTok so I can go to a label and have some leverage to get back from the label what I want, how big of an audience do you need? While it's impossible for everyone to get tickets to these shows, we know we can do more to improve the experience and that's what we're focused on," it concluded. She is the centerpiece of actual demand from a very passionate fan base, and instead of pointing that fan bases demand at merch or whatever, she points it at music making. You went on tour to promote your CD sales and you let radio stations in this country play the music, effectively for free, because that would lead to CD sales. Thats what Im saying. This whole episode actually started because our team was talking about Taylor and her masters. 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. What Spotify is going to figure out is how much money came in from all of those subscriptions every single time period, and then theyre going to take that and divide it by all of the listening of everybody, such that Taylor Swift is going to get paid based on, Does she command the highest amount of listening on Spotify overall? Nilay, I know you love Guns N Roses. 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. We now live in a world where you make the thing and give it away for basically free in the hopes that people will come and join you on your tour, and thats where youre going to make all your money. She has four versions of this album that make a clock, and you have to buy all four copies on vinyl. The utility of it, I think, is lacking. I mean, depending on what happens in the stock market in the coming year, I think its very possible that they become an acquisition target for a tech company that needs a streamer. That is more or less how the streaming model works. She has inhabited a lot of them and been able to go with the changes in a way that many artists have not. You have to enter the content creator world and build your identity off that. Just to put a cap on this episode, what are the markers you see of positive change? Theyre past their prime. Only ticket buyers who were verified were permitted to enter a queue. It might be undervalued financially, but in terms of value as humans, it is so essential to us. Search. She said she's "trying to figure out how the situation can be improved moving forward. 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. The 33-page lawsuit was filed Friday in Los Angeles, attorney Jennifer Kinder told The Post. The whole model feels utterly precarious right now. Swift hastwo shows scheduled in Pittsburghfor June 16 and June 17. TikTok is profound, and it has very meaningfully shifted what is happening in music.. The series of concerts is . 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. Oftentimes you can buy greatest hits records, and its not actually the greatest hits, its re-recordings of the greatest hits. I interviewed the artist Tai Verdes a year into the pandemic and he broke out his entire career on TikTok. It actually does create an opportunity where there are small collectibles that anybody can participate in. GettyTaylor Swift is set to release more tickets for her The Eras Tour after thousands of fans missed out on Ticketmaster[/caption] Fans were left . You said at the beginning here that streaming feels like its on the rocks. Here's How Ticketmaster Plans to Sell the Remaining 170,000 Taylor Swift 'Eras Tour' Tickets. Theyre able to get their. Then she was like, I have a new record, but if you want to listen to it, you have to pay for it.. Lets just be more explicit about that to make it really clear for people. At some point, she should go see her family. Taylor Swift Makes Surprise AMAs Appearance in Golden Jumpsuit and Shouts Out Blake Lively! Presale codes were then sent out to 1.5 million potential ticket buyers, while the remaining 2 million people were put on a waitlist. At some point, she met the industry in the middle. She has committed hard to the songwriting and music thing, and this next tour is set to supposedly maybe make her a billionaire. 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.". 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. She was acting as a voice for a number of quite unhappy folks at that time. 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. This doesnt make any sense.. Music listening may be seasonal. She wanted to get better terms, and she was able to use her clout to bring a lot of attention to areas where other artists were also unhappy about some of these streaming arrangements. The share of listening minutes is divided by national pools. No, no, no. The extra dates officially made Eras her biggest tour to date. "You were selected for this opportunity because you have been identified as a fan who received a boost during the Verified Fan presale but did not purchase tickets," it continued. Justin Bieber was a YouTuber. Ringtones was one of them. )," the Grammy winner wrote on social media. Its all the best stuff. There are all kinds of new ways to participate. 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. 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. 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.". 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. At the end of the month, Spotify looks at all the stuff I listened to and says, Okay, you listened to $10 of Taylor Swift and $5 of Guns N Roses, and then takes my $15 and gives to those artists in proportion to how much I listened to their music that month. The site was supposed to open up for 1.5 million verified Taylor Swift fans," Maffei said. Then theres the next stuff, like the actual threats. Peoples behavior was going in one direction, and that was, I want all the stuff, just give it to me. Now, obviously, there are always going to be collectors. Taylor Swifts recently released Midnights album crashed Spotify and other streaming services shortly after the album's October release. Since then, Swift has released three new albums: "Folklore," "Evermore" and "Midnights. Touring is certainly doing really well for her. Everyone was putting their albums on streaming, and people were having a great time exploring Spotify. Spotify has to make it on its own. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. 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. Mix. Im off., Nilay, heres the thing: that is the model of streaming. You dont have a streaming service unless you have all the music. You just need a safe space of Guns N Roses fans making only Guns N Roses content. 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. I think thats the thing that leads to lasting impact. It literally is the same. 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. "It obviously wasn't meant to be if we didn't get tickets but we're upset. 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. 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. "This exceeded every expectation," Maffei explained. 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. I have to say, theres something very dystopian in a business context about saying she wants to own the whole fraction of a penny. I did everything the way they asked. Now theyre saying, You need a following. I just need guitar solos. Im pulling my back catalog. That was bold, because by 2014, the winds were in the sails of streaming. Greg Maffei CEO of Liberty Media, which owns a majority stake of Live Nation told CNBCthat 14 million people and bots ended up flocking to the site. There was some amount of value there that you could see as an artist. When there is no competition to incentivize better services and fair prices, we all suffer the consequences.". 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 They keep trying to get somewhere else. I was talking about this with my friend Charlie Harding, the co-host of Switched on Pop, and he said that he thinks the upcoming Taylor Swift The Eras Tour is itself the end of an era in music that the age of cheap streaming services is coming to an inevitable conclusion and that something has to change in order for the industry to sustain itself in the future. We've been doing this for decades together and over the years, I've brought so many elements of my career in house. Well, the most important thing was Spotify getting the buy-in from the entire industry. I live in the best city for it," said Amy . Taylor Swift's 10th studio album, "Midnights," was released on Oct. 21. If you got 15 songs, well, thats a lot more than the nine-song record. ", "Last week, the competition problem in ticketing markets was made painfully obvious when Ticketmaster's website failed hundreds of thousands of fans hoping to purchase concert tickets," said Klobuchar in a statement, citing how the "high fees, site disruptions and cancellations" customers were faced with showed that Ticketmaster "does not face any pressure to continually innovate and improve. Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. Thats the baseline expectation I think all of us have of the metaverse. If youre the biggest artist in Germany, you should still be rich, even if your share of listening minutes is not. I think every artist has always thought that their label takes too much money. Microfiches do that. All 2 million tickets for the Verified Fan onsale were sold to Verified Fans. Its really hard to change behavior. 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