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Switched on Pop

Taylor Swift and the music industry's next $20

Switched on Pop

Vox Media Podcast Network

Music Interviews, Music History, Music, Music Commentary

4.62.7K Ratings

🗓️ 20 January 2023

⏱️ 79 minutes

🧾️ Download transcript

Summary

Streaming feels like it's both at its height and on a precipice. Musicians are fed up at getting paid fractions of a penny, and the whole business model seems precarious. Switched On Pop co-host Charlie Harding was talking about the challenges for streaming future with my friend Nilay Pattel, editor in chief of The Verge and host the podcast Decoder - a show about big ideas. And they taped a conversation about what’s next for streaming through the case study of Taylor Swift who has deftly navigated the transition from CDs to streaming, and whose era tour may mark the end of an era in music. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, it's Charlie. I've been thinking a lot about this moment where streaming feels like it's both at its height

0:08.5

and simultaneously on the top of a precipice about to fall off.

0:12.8

So many musicians are fed up with the music streaming model getting fractions of a fraction of a penny and

0:19.2

The whole business model just seems precarious. I was talking about this idea with my friend Neely Patel

0:25.2

He's the editor in chief of the verge and host of the podcast decoder to show about big ideas

0:31.9

And so we taped a conversation about what's going on in music streaming through the case study of Taylor Swift

0:38.5

Who has definitely navigated the transition from the CD era into streaming and whose era tour may mark the end of an era in music

0:48.4

Here's my chat with Neely on decoder. I hope you enjoy it

0:51.5

Hello and welcome to decoder. I'm Neely Patel editor in chief of the verge and decoder is my show about big ideas and other problems

1:00.5

So I have this theory about the music industry. I think music is usually about five years ahead of the rest of the media in terms of its relationship to tech

1:11.1

Whether that's new formats based on new technology like vinyl to CDs new business models like streaming or

1:17.6

Or simply being disrupted by new kinds of artists who use new forms of promotion like TikTok and unexpected ways

1:25.6

I've always thought that if you can wrap your head around what's happening to the music industry

1:29.6

You can pretty much see the future of TV or movies or the news or whatever it is because the music industry just moves that fast

1:37.6

I was talking about this with my friend Charlie Harding

1:39.9

He co-hosts the podcast switched on pop and he said something really interesting to me

1:44.5

He thinks the Taylor Swift eras tour is itself the end of an era in music that the age of cheap streaming services is coming to an

1:53.6

Inevitable conclusion and it's something has to change in order for the industry to sustain itself in the future

2:01.2

Charlie's theory is that Taylor is the one artist who is managed to seamlessly and successfully

2:05.9

Transition between the different eras of the music business. She started out selling CDs like everyone else and she fought against the streaming model in the mid 2010s

2:14.6

But now she's not only embrace streaming but she's thriving in it

2:18.1

And she's one of the few artists committed to her music itself being valuable not just as marketing for a universe of other products

...

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