NEWS FROM INSIDE THE ELECTRONIC
DANCE MUSIC INDUSTRY

Welcome to the weekly INDUSTRY INSIDER – created by IMS and RECORD OF THE DAY. We've teamed up to create a digest of global electronic industry news, across the full spectrum of the genre, to help you get straight to the stories that matter. INDUSTRY INSIDER will follow the template of Record of the Day but focus on what’s relevant for this genre and demographic…
BEN TURNER
Co-Founder, International Music Summit
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
  • 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) 
  • 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)  
  • 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) 
  • Sony Music Entertainment Germany announced the launch of noted. records, a global electronic music label. (RotD) 
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
  • 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) 
  • 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) 
  • Live Nation said it is investing £2 million in new and enhanced infrastructure for this year’s edition of its Creamfields festival. (AAA) 
Comment, Opinion and Analysis
  • 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. 
  • 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) 
  • Nearly half of DJs say gigs are harder to find and pay less post-Covid, per IMS Business report. (MusicTech) 
  • How much is the global electronic music industry worth? 10 Takeaways from 2024 IMS Report. (Billboard) 
  • 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.
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
  • 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) 
  • RA.934 Simo Cell (RA) 
  • A-Trak on scratching techniques, looping, hot cues & more | How I DJ. (DJMag) 
Artist and Music Features
  • 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) 
  • Meet the winners of The Beatport Awards (IMS Ibiza 2024) (Beatport) 
  • 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) 
  • Is clubbing declining on a global scale? (ElectronicGroove)  
  • 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) 
  • An embracive interview with Heather Shaw, whose subversive design of Quasar pushed the Coachella experience into the future. (EDM) 
  • Justice’s Hyperdrama Coachella show sets the bar for electronic music performances — again. (MusicTech) 
  • 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) 
  • How the potential TikTok ban might influence the music industry and smaller artists. (KillTheDJ) 
  • 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) 
  • Why global demand is soaring for groundbreaking DJ-producer Peggy Gou: "I worked hard to have a glamorous life" (Billboard) 
  • 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) 
  • "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) 
  • 13 questions with Justice: New album 'Hyperdrama', music production and more. [video] (Mixmag) 
  • In creating her deeply personal second album, Becky Hill has become more sure of herself and it’s showing in her music. (RollingStone) 
  • “Everything changed”: How Anetha is powering up her artistry. (Mixmag) 
  • Frank & Tony: "Compression won't make it better" (Attack) 
  • As Spotify amasses power, some artists find success without it. (Bloomberg) 
  • Explore the best 90s house music songs, curated from iconic tracks by legends like Frankie Knuckles. Dive into a nostalgic musical journey! (Magnetic) 
  • What is 'mixed music'? DJ Gilles Peterson on the state of the genre and where it's headed. (Magnetic) 
  • Vinyl will generate over $1 billion this year — so why aren't artists selling limited-edition releases that drop before the streaming date? (Billboard) 
  • Satisfying Liverpool's appetite for global club sounds, Chop.Life is the party that refuses to follow the tried-and-tested recipe. (Mixmag) 
  • 24-hour party people: raving and rebelling in Manchester’s Hulme Crescents. (DJMag) 
  • To commemorate ten years since DJ Rashad's death, collaborators, protégés and family reflect on his life and extraordinary legacy. (RA) 
Artist News
  • Marshmello and PinkPantheress to perform at 2024 MLS All-Star Concert on 21 July. (Billboard) 
  • Overmono have released their highly sought-after edit of The Streets 2002 single, 'Turn the Page'. (Mixmag) 
  • Moby says “there was a sadness” to his feud with Aphex Twin. (NME) 
Recent newsletters

23 Apr 2024

How You Feel - ANOTR
"I am pleased to say that ANOTR return with the highly anticipated single 'How You Feel', hooking up with Erik...

16 Apr 2024

And 1 - Melé
"I'm not picking this just because he's my mate, I was going to sample this tune, I had literally heard...

09 Apr 2024

Time - Carlita
"Carlita started releasing music way back in 2017, but really hit her stride during the past few years with releases...

02 Apr 2024

Ascendance - Elzace
"This week's ENT comes from a brand new act called Elzace. I don't think we played any Elzace music on...

26 Mar 2024

TAKA - Ahadadream, Priya Ragu & Skrillex
"Skrillex is back with his first release of the year collaborating with one of our Radio 1's Dance Future Stars,...

19 Mar 2024

Thandaza (feat. Arabic Piano) - Keinemusik & Alan Dixon
"This week's ENT comes courtesy of Keinemusik's &ME, Adam Port and Rampa. They have been lying low musically since the...

About IMS

IMS: International Music Summit is a global educational and motivational thought-leadership platform dedicated to the continued development of electronic music primarily through the presentation of global summits for the industry. 

About Beatport

Beatport is the worldwide home of music for DJs, producers, and their fans. Founded in 2004, the Beatport family of companies includes Beatport, the preeminent store for electronic music DJs, Beatsource for the open-format DJ community, and Loopmasters, Loopcloud and Plugin Boutique for music producers. Follow us on Twitch, Facebook and Twitter, and Instagram.

About AFEM

AFEM: A global voice for electronic music; representing our culture and commerce. AFEM's membership spans all industry sectors, with over 250 company members across 25 countries, the organisation connects its worldwide membership to develop opportunities and enable change.

About ROTD

Record of the Day has produced a subscription-based daily publication for the music industry for over 21 years, featuring all the best news and comment, along with an editorially-chosen future hit. Sign up for a free trial here.
Submit your news stories here.
About Industry Insider | Get in contact | Privacy policy | Terms and conditions
Brought to you by: www.recordoftheday.com