IMS Business Report 2022: Recorded music industry tops $26 billion in continued growth
The IMS Business report 2022 reveals continued growth driven by a rise in streaming as well as physical music sales. The yearly IMS (Internation Music Summit) business report for 2022 has just taken place, seeing hundreds of musical and industry experts gather to hear exactly what's currently shaping the industry and how well it's doing as a whole. The 2022 IMS
IMS Business Report 2022: DJ Software & Hardware value up 14%
The IMS Business Report 2022 is finally out and has provided the hard numbers and fact-based statements on trends within the electronic community. While there are a plethora of keynotes from the report, an interesting trend is seeing how DJ software & hardware have a year-over-year increase of 14% leading with a valuation of $1.2bn. It is speculated that the monstrous
IMS Business Report 2022: Dance music on the rise again in German and UK markets
The German and UK Dance shares have accelerated over the past year, as detailed by the IMS Business Report that has just been issued. Since 2015, the UK has seen a gradual decline in the number of dance singles sales and streams, with hip-hop and R&B numbers on the rise instead. However, the recent IMS Business Report for the past year
IMS Business Report 2022: 3LAU, Don Diablo, Steve Aoki & more in top list of NFT sellers
There's no secret that electronic artists have dominated the NFT space, and according to findings published by the IMS Business Report 2022, this is more evident than ever. 64% of all identified music NFT issues worth $55.4m were issued by electronic artists. By a long shot, the most successful artist in this space was 3LAU. Early on, he released NFTs to
IMS Business report 2022: Less than 1.2% of electronic artist catalogues make more than $65k per year
According to the IMS Business Report 2022, only 1,650 artists make over $65,000 annually from their streaming catalogue. “It has been brutally difficult for artists to make a living from making and playing music,” says Silvia Montello, Association for Electronic Music Although the true number of this is actually lower when you factor in that a lot of these artists split
IMS Business Report 2022: Electronic Music is small on social, compared to other genres
According to the recently announced IMS Business Report 2022, Electronic Music is 6th out of 7th for social media shares and actions compared to other genres such as R&B and Hip-Hop music. IMS partnered with Shareablee to provide an understanding of how the Top 100 Spotify Electronic Music artists perform across social media platforms. Every year the International Music Summit (IMS) presents the annual IMS
What is the state of racial justice in the industry?
The annual IMS Business Report arrived full of highly relevant topics. Especially after all the transformations brought by the pandemic, it becomes even more pertinent to stop and analyze the data, to better understand the impact that the events of the collective everyday life have on the industry. Racial issues have always been present, even if in some hushed way,
How electronic artists dominated the world of NFTs
In the 2021 IMS Business Report which has just come out, it explores everything from livestreaming trends to social media trends and much more in the world of electronic music over the course of the past year. We're diving into it over the course of a few articles and this one is all about how electronic music has dominated the
Electronic music explodes in popularity on social media
The annual IMS Business Report has just been unveiled, and in it is a lot of interesting facts and figures about the music industry, streaming and much more. We Rave You is looking more in depth into this report, sharing the interesting facts and figures featured within. In one particular section, it details how electronic music has exploded in popularity across social media
IMS Report shows rebound for high-earning DJs across 2019
2020 may have been a bit of a shocker to say the least, but the newly released IMS Business Report 2020 shows that the industry was in a state of rebound throughout 2019, based on the earnings of the highest paid DJs, along with the sheer number of festivals touring DJs played across the year. In terms of earnings, 2018 saw
IMS Business Report looks at festival cancellations and income losses
it's no secret that pretty much every festival across the world has been cancelled, and festival season for 2020 is non-existent. It seems like every day people wake up to a new festival cancellation, but how many exactly have been cancelled in each country? The new IMS Business Report looks at this in depth and explores the affects of what this has
The electronic music industry falls in value due to COVID-19
As we know, COVID-19 has messed up a lot of things within the music industry, especially financially. With an influx of cancelled tours, festivals and more, many industry workers are at risk of losing jobs due to the loss of income and nothing else to do. It's a sad time, and it came at an extremely bad time as research
IMS Report: Streaming Statistics – A take on the global division of online Dance music streaming
The International Music Summit, which is a multi-day electronic music conference in Ibiza, just finished taking place this week. Today, the Pete Tong-founded conference released their annual IMS Business Report, which features new information regarding the business side throughout the entire industry. Over the past half-decade, Latin America has played a crucial role in the development of the electronic music scene.