IMS Industry Insider

Pete Tong's Essential New Tune

By Myself

Chris IDH & Adassiya

Three Six Zero

out now

Comment
"This week's ENT is coming out of Greece. Mykonos to be precise, because Chris & Adassiya are both residents at Scorpios in Mykonos - a very influential club for the organic Afro House sound. This track features additional production from Adam Port. Adam and Keinemusik have been big champions of the record for the past twelve months. So if you've been to any Keinemusik shows, if you've seen Chris at Scorpios or heard me play it, the wait is over it is out now."
This week's featured Essential New Tune was featured in last week’s Friday show on BBC Radio 1. Listen again and forward to 35.05 here.

Contact
Label: Sam Hutt, Three Six Zero

30 Apr 2024

Business

Sony Music Entertainment Germany announced the launch of noted. records, a global electronic music label. (RotD)
Believe reported strong first-quarter revenues of €230.3m despite foreign exchange fluctuations that led to slower organic growth compared to the final quarter of last year. (Billboard)
The board of Hipgnosis Songs Fund have recommended a $1.57bn offer for Hipgnosis from Lyra Bidco, "a newly-formed company indirectly wholly-owned by investment funds advised by affiliates of Blackstone Inc". The new offer values each Hipgnosis share at $1.30 in cash. (CityAM)
Spotify published its Q1 2024 results, showing monthly active users (MAUs) up 19% to 615m, including 239m premium subscribers, up 14%. Revenues were up 20% year-on-year to €3.64bn, with an operating profit of €168m compared to an operating loss of €156m, while net profit of €197m was well up on a net loss of €225m. Premium revenues grew by 20% to €3.25bn, advertising revenues up 18% to €389m. The company predicted it will add 16m net new MAUs in Q2, as well as adding 6m net new premium subscribers. (MusicAlly)

News and Features

Hï Ibiza voted World’s No.1 Club in DJ Mag Top 100 Clubs poll 2024. (DJMag)
Black Lives In Music (BLiM) has responded to the government 'falling short’ in helping to protect women in the music industry against harassment and discrimination, despite hearing strong evidence from women, experts and organisations in the sector. (RotD)
The Women and Equalities Committee (WEC) held a follow-up session on its Misogyny in music report. Live session replay parliamentlive.tv

Digital

Spotify CEO talks growth, bundle royalties and short-video plans. (MusicAlly)
TuneCore has rolled out a comprehensive suite of music publishing services to help independent songwriters increase their earnings in over 200 countries. (RotD)

Live

Live Nation said it is investing £2 million in new and enhanced infrastructure for this year’s edition of its Creamfields festival. (AAA)
Gary Roden, the general manager of Manchester’s new £365 million Co-op Live Arena, has resigned just days after the venue was scheduled to open and his comments about grassroots venues are "poorly run". (Mixmag)
UK festival Field Maneuvers reveals 2024 line-up. (RA)
Neopop announces Reinier Zonneveld, Jennifer Cardini, Joseph Capriati, and more for 2024 festival. (DJMag)
The London Borough of Barking and Dagenham cancelled the We Are FSTVL 2024 festival for health & safety reasons after record levels of rainfall. Eric Prydz and Chase & Status were due to headline over the 25-26 May weekend. (AAA)

Comment, Opinion and Analysis

IMPF has launched the fourth edition of the Global Market View for Independent Music Publishing. (RotD, report) Among the key findings wer that the independent music publishing sector continued to grow with a rate of 16.8% in value to €2.43bn, and revenues of the sector doubled in the five years up to 2022, from €1.25bn to €2.43bn.
How much is the global electronic music industry worth? 10 Takeaways from 2024 IMS Report. (Billboard)
Nearly half of DJs say gigs are harder to find and pay less post-Covid, per IMS Business report. (MusicTech)
IMS Business report: From the adrenaline-fueled spectacle of massive festivals to the intimate energy of pop-up raves, today's electronic music scene remains an escapist's paradise with global appeal. (EDM)
IMS Ibiza released its tenth annual IMS Business Report 2024, covering the global dance music industry. (RotD, DJMag, MW, RA) A post-pandemic revenue rise of 17% in 2023 over 2022 and a total industry valuation reaching $11.8bn with notable growth particularly across festivals/clubs, recordings, and publishing were noted.

Tech

IK Multimedia’s iRig Stream Mic Pro is a hassle-free solution for all recording artists. (MusicTech)

Beatport

Miller & Beatport announce six nation tour + DJ/Producer competition, 'Miller Mix' (Beatportal)
Playlist of the Week: Rebekah (Beatportal)
Durante: "I try to make music that can stand the test of time" (Beatportal)
No internet connection? No problem with Offline Library (Beatport)

Clubs

Ibiza:
David Guetta reveals Future Rave line-ups at Hï Ibiza. (IbizaSpotlight)
Ibiza Rocks has unveiled that from the start of June Mondays will host Radio 1 Dance X Pool Party, which features Radio 1 Dance DJs and artists like LF System and Jax Jones. (IbizaSpotlight)

Streams & Podcasts

A-Trak on scratching techniques, looping, hot cues & more | How I DJ. (DJMag)
RA.934 Simo Cell (RA)
Paul Kalkbrenner @ Sónar Lisboa 2024 (DJMag)
Arca | Boiler Room: Caracas (BoilerRoom)
Sarz & Friends | Boiler Room x Ballantine's True Music 10: London (BoilerRoom)
Brutalismus 3000 | Boiler Room: Berlin (BoilerRoom)
Alesso presents BODY HI (Live DJ Set From The Do Lab Stage Coachella 2024) (Alesso)

Artist and Music Features

To commemorate ten years since DJ Rashad's death, collaborators, protégés and family reflect on his life and extraordinary legacy. (RA)
24-hour party people: raving and rebelling in Manchester’s Hulme Crescents. (DJMag)
Satisfying Liverpool's appetite for global club sounds, Chop.Life is the party that refuses to follow the tried-and-tested recipe. (Mixmag)
Vinyl will generate over $1 billion this year — so why aren't artists selling limited-edition releases that drop before the streaming date? (Billboard)
What is 'mixed music'? DJ Gilles Peterson on the state of the genre and where it's headed. (Magnetic)
Explore the best 90s house music songs, curated from iconic tracks by legends like Frankie Knuckles. Dive into a nostalgic musical journey! (Magnetic)
As Spotify amasses power, some artists find success without it. (Bloomberg)
Frank & Tony: "Compression won't make it better" (Attack)
“Everything changed”: How Anetha is powering up her artistry. (Mixmag)
In creating her deeply personal second album, Becky Hill has become more sure of herself and it’s showing in her music. (RollingStone)
13 questions with Justice: New album 'Hyperdrama', music production and more. [video] (Mixmag)
"There are more safe spaces for women to be themselves." Nia Archives discusses the diversity of the jungle scene and her new album, 'Silence Is Loud'. (RA)
Porter Robinson left behind the club scene for pop stardom. He opens up about sobriety, his ‘meltdown’ in Australia, and why he used to fantasise about ‘alienating all my rave fans’. (Independent)
Why global demand is soaring for groundbreaking DJ-producer Peggy Gou: "I worked hard to have a glamorous life" (Billboard)
Steve Aoki has no problem using artificial intelligence to build tracks: ‘You can’t stop AI… you just have to ride the wave’. (Billboard)
Steve Aoki on his new music, big bets and becoming the ‘Loud’ Asian American hero he always wanted. (Billboard)
How the potential TikTok ban might influence the music industry and smaller artists. (KillTheDJ)
From the BPI’s ‘In Tune With Tomorrow’ conference -
Louis VI on the climate emergency: ‘We need to speak to those left out’. (MusicAlly)
Music Declares Emergency climate movement: ‘Everyone has a role to play’. (MusicAlly)
Justice’s Hyperdrama Coachella show sets the bar for electronic music performances — again. (MusicTech)
An embracive interview with Heather Shaw, whose subversive design of Quasar pushed the Coachella experience into the future. (EDM)
This year's Coachella showcased an array of transformative performances and unexpected musical alliances, solidifying the festival's pivotal role in shaping the future of dance music. (EDM)
Is clubbing declining on a global scale? (ElectronicGroove)
Explore the Future Talent Awards 2024, a pivotal platform under the Pete Tong DJ Academy that propels budding DJs and producers to global prominence. It features industry partnerships and advanced training opportunities. (Magnetic)
Meet the winners of The Beatport Awards (IMS Ibiza 2024) (Beatport)
IMS conference 2024:
Day one: Rebuilding our community (IbizaSpotlight)
Day two: The old and the new (IbizaSpotlight)
Five lessons on superfans from IMS Ibiza 2024: ‘Something as simple as a WhatsApp Group can be amazing’ (Billboard)

Artist News

Moby says “there was a sadness” to his feud with Aphex Twin. (NME)
Overmono have released their highly sought-after edit of The Streets 2002 single, 'Turn the Page'. (Mixmag)
Marshmello and PinkPantheress to perform at 2024 MLS All-Star Concert on 21 July. (Billboard)

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