TAYLOR Swift is set to release more tickets for her The Eras Tour after thousands of fans missed out on Ticketmaster. Its like he gets human psychology. Thats going to happen. This is what I keep coming back to. Theyre not a music company anymore. 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. 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. Justin Bieber was a YouTuber. One is the sound recording, called the master, which Taylor wants to own. People want higher payouts per stream, and they want streams that are fair to artists and actually connected to their subscription. 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. I would pick Lil Nas X as well. David Hasselhoff is still doing well in Germany. Its like, Thats what I call music. Its not just which artists you listened to, its how much you listened. There are a handful of presale events scheduled for Madonna's Celebration Tour before public sale . Did you get your tickets yet? / CBS News, Taylor Swift is speaking out amid the controversy surrounding Ticketmaster's handling of her upcoming "Eras" tour. The most exciting thing in music is that people control more of their destiny. Spotify is the only major streamer that is not subsidized by a larger tech company. We've been doing this for decades together and over the years, I've brought so many elements of my career in house. Now, here in 2023, the music is marketing for you selling everything else your concert tickets, your merch, your NFTs, whatever it is. Oftentimes you can buy greatest hits records, and its not actually the greatest hits, its re-recordings of the greatest hits. I wasnt going to make playlists. Swift reported over Twitter. 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. Okay, theyre working to sell my product because they have a financial stake in the product too.. For some of us, they even created tools that would help you export your music, so that you could grab your entire MP3 library and all your ripped CDs and carry them with you. Im not being fair to Guns N Roses here, but lets just say its only you and three other people listening to them. Youre not going to get the US consumer everywhere you go around the world. You can be paid out in hundreds of millions, billions of dollars. It was just three years later that streaming became the predominant revenue source for recordings. Does streaming keep on working? I think that the worlds in which fandoms are emphasized have definitely done well in this model. 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. Its NFTs, its blockchain tokens, its whatever universe the DJs want to put together. The first leg of the tour will be in stadiums across the US, with international dates to be announced as soon as we can!" 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. To be fair, the big knock on the music industry during the CD era was that CDs were full of filler tracks in order to make them look like a better value than they were. "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. How did Spotify do at that moment? In her case, she doesnt have any ability to do so because it is owned by a financial family fund that doesnt want to give it to her. "It obviously wasn't meant to be if we didn't get tickets but we're upset. I love talking about the business of music with you, even though I just want it to be guitar solos. How much of that money went to her as the artist, in general? (Matt Winkelmeyer/TAS18/Getty Images for TAS / Getty Images). 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. 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She knows that super fans will buy not only vinyl, but also the super deluxe vinyl version of the collectors thing and blah, blah. The services are built on music, like audio trends, dances, and memes. You kept more of your revenues if you own your music, youre always better off but it was much more challenging as an independent. Theyre also going to shows and doing their old style stuff as well, but they have more data and tools than ever to figure out what is bubbling up. Thats for sure. Ish? She is unusual in that the length of her career spans from the end of the CD era into the streaming era. Many people are arguing for a pay-per-stream model. I think there are many places in the whole music industry, in all aspects of it, that are struggling. 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. And while the inquiry is said to predate the Eras tour disaster, the situation further exacerbated complaints from fans, musicians and politicians alike. It didnt work for everybody, but for the biggest artists, it worked really well. Then inside of that, you might make some ancillary deals to re-record or whatever. . I feel like Ticketmaster completely screwed up on this one. The Ticketmaster site was not prepared for the volume of Taylor Swift fans logging on for Tuesday's verified fan presale. I dont know. She got into a big fight with Apple Music, which wanted to give Apple Music away to new subscribers for free for three months in order to build a user base. Is the music on streaming still just marketing for that stuff, or is that valuable to her now as well? Just by Googling the name of the song, you can probably find a way to listen to it. 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. Maybe you buy a movie on iTunes for $20 or $30. 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. everything else your concert tickets, your merch, your NFTs, whatever it is. 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. You were talking about how if you go viral on TikTok, then all of your fans will go listen to you on Spotify, then they might go buy a T-shirt, then they might end up buying a tour ticket. 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. Presale codes were then sent out to 1.5 million potential ticket buyers, while the remaining 2 million people were put on a waitlist. Most of them are pooling, some of them are doing pay per stream, but most are not. Powered and implemented byFactSet Digital Solutions. It literally is the same. But the labels, they navigate it. Mix. You dont have a streaming service unless you have all the music. "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," read a tweet posted to the official Ticketmaster account. There are still cracks in the model, right? Spotify and others pay billions of dollars to rights-holders, and she is making sure that shes a rights-holder. That is true. Even though theres more music than ever, there is so much historical music that is not available. The talent scouts whose job it is to go and find new talent are surfing TikTok. Dude, music licensing is so freaking complicated. Let us know when you do in comments. Where is Zune? Theyre making a really big gamble about their future. According to Billboard, Ticketmaster still has 170,000 remaining tickets for the Eras tour and the company is gearing up to sell them to the lucky fans who previously received emails in the next four weeks. (The Associated Press / AP Newsroom), GET FOX BUSINESS ON THE GO BY CLICKING HERE. Theres a limit on venues and they all seem monopolistically controlled. You see why theres interest there. The logic of it makes sense. The sudden cancellation comes after Ticketmaster said Thursday that more than two million tickets were sold Tuesday for her upcoming tour the most ever sold for an artist in a single day. 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