true IMS Industry Insider | Welcome
15 May 2020
  • Eventbrite announced its Q1 results, with revenue down by almost 35% year-on-year. (CA)
  • Tencent Music Entertainment Group announced its unaudited financial results for the first quarter ended 31 March. (PRNewswire) Online music paying users grew 50.4% year-on-year to 42.7m, and its ARPPU increased by 13.3% year-over-year. Total revenues were US$891m, an increase of 10.0% year-over-year, within which online music subscription revenues grew by 70.0% year-on-year to $170m.
  • Live Nation Entertainment has been hit with a credit rating downgrade from S&P Global Ratings. (HR) "We believe Live Nation revenues could decline by 65% to 80% in 2020 before rebounding significantly in 2021 as live events and attendance return". LN announced plans to raise capital "it intends to offer $800m in aggregate principal amount of senior secured notes". (PRNewswire)
  • Live Nation's Q1 revenues fell by 21% to $1.37bn, including a 25% decline in concerts revenues to $993.4m and a 16% fall in ticketing revenues to $284.3m. (IQ)
  • Sony's Music operations post nearly 40% gain in operating income in financial Q4 to 31 March as streaming revenue surges. (Billboard)
  • Warner Music Group's revenues were down 1.7% year-on-year to $1.07bn in its financial Q2. Streaming revenue jumped 9.1% (11% in constant currency) to $586m. (Billboard)
  • New podcast Bass Culture explores how bass music shaped British society. (RA
  • Cavin Harris is the 16th richest musician in the UK, according to the newest edition of the annual Sunday Times Rich List. (Mixmag)  
  • The Association of Independent Festivals has warned that the UK could face an 'independent festival wasteland' in 2021 and beyond if decisive Government action is not taken to support the sector. (RotD)
  • Frankfurt techno originator Pascal F.E.O.S. has died aged 52. (Mixmag
  • Spotify has launched Group Sessions in beta, allowing a host to share a scannable Spotify code from their app with whomever they want to share playback control, meaning that the host and guests can pause, play, skip, and select tracks in the queue, and add their own picks to the list. (Verge)
  • Apple reveals major update to Logic Pro X. (RA
  • MasterSounds have launched the third generation of their popular Radius mixers. (DJ Mag
  • Moog has announced a new synth called the Subharmonicon which is based on two classic electronic instruments from the ’30s and ’40s. (DJ Mag
  • Craig Richards-curated Houghton Festival has been postponed due to coronavirus pandemic. (RA
  • Primavera Sound is the latest festival to postpone its 2020 edition in light of the global coronavirus pandemic. (RA
  • Barcelona's Sónar Festival and its adjacent event OFFSónar will not be happening this year. (RA
  • David Guetta, Nicole Moudaber, Oliver Heldens, TOKiMONSTA and more will play EDC Las Vegas-themed Virtual Rave-A-Thon. (DJ Mag
  • Creamfields has been officially postponed to 2021. (EDM.com
  • Helsinki's Flow Festival has been postponed to 2021. (RA
  • DJs W&W plan 'worlds first' extended-reality (XR) livestream in partnership with Alda, Twitch and Li-Ning. (IQ
  • SiriusXM has announced the first-ever Virtual DisDance festival hosted by The Chainsmokers and featuring Deadmau5, Kygo, Afrojack and more. (EDM.com
  • The livestreaming sector grew a full 45% between March and April; year over year, the industry is up by 99%. (Verge)
  • The power of smaller playlists. Why big is not always best. (MusicAlly)
  • What are user-centric music streaming payouts? (MusicAlly)
  • Following bars and nightclubs in South Korea reopening, a sudden spike in Covid-19 cases meant they closed again, highlighting the problems venues face. (FirstFloor)
  • Seoul has shuttered nightclubs after a spike in coronavirus infections. (DJ Mag)
  • How countries plan to restart nightclubs and music festivals. (RA
  • ALL Club, Shanghai's epicentre for experimental electronic music, is urgently raising funds as the financial fallout from COVID-19 threatens its future. (RA
  • Luminosity Gaming has signed ZHU as a content creator. (DA
  • DT694 – Anna Tur (DT
  • RA.728 Valesuchi (RA
  • Podcast 644: Adlas (XLR8R
  • FACT mix 757: Lila Tirando a Violeta (Fact
  • Downtime: Louise Chen (Mixmag
  • Solardo in The Lab: Home Sessions (Mixmag
  • Folamour | Boiler Room: Streaming from Isolation (BoilerRoom
  • deadmau5 pres. mau5trap radio 085 (deadmau5
  • Madeon - Secret Sky Set (2020) (Madeon
  • Porter Robinson - Secret Sky Set (2020) (Porter Robinson)  
  • 19 drum 'n' bass and jungle DJs from the 90s who are still at the top of their game. (Mixmag)
  • Label of the month: Anjunabeats (beatportal
  • Label of the month: Suara (iDJ
  • Label Spotlight: Counter Records (Billboard
  • Introducing : Hooversound (DJ Mag
  • Renegade Riddims: DUSHI (DT
  • Meet Gupi: Sonic The Hedgehog fan, Skrillex disciple and son of Tony Hawk. (RedBull
  • On Our Radar: May 2020 (beatportal
  • At home with: Mella Dee (DJ Mag
  • Quarantine Diaries: Nervo (EDM.com
  • The Art Of DJing: Sunil Sharpe (RA
  • A look at the best services for monetising live streamed and on-demand performances. (Synchtank)
  • Video games are our new venues. (KQED
  • Club Quarantine's viral absurdity. (ElectronicBeats
  • The reality of post-lockdown clubbing in China. (ElectronicBeats
  • Manchester’s underground is thriving despite the odds. (beatportal
  • Shallou talks debut album release and spreading hope through music in times of crisis. (EDM.com
  • Paul Woolford looks back at a career spent indulging in all his musical passions. [audio] (RedBull
  • Q&A: NOTD (DA
  • Folamour on his vision of life, singing on his next album and more. (Magnetic
  • Helena Hauff is going stir crazy. (TheFace
  • Maribou State: The five records that changed the way we make music. (beatportal
  • Meet the next generation of Newcastle’s thriving drum & bass scene. (DJ Mag
  • Jyoty Singh on working in music: "Push yourself and don’t be scared". (Mixmag
  • Above & Beyond's Paavo Siljamäki: My coronavirus experience 'Was just terrifying' (Billboard
  • Remembering Mike Huckaby, who delivered Detroit’s music to the world. (Pitchfork
  • Remembering Kraftwerk's Florian Schneider. (RA
  • Human After All: Remembering Kraftwerk's Florian Schenider (Billboard
  • RIP Florian Schneider: Kraftwerk is perhaps electronic music's biggest influence. (Mixmag
  • Matoma drops summertime-ready RYTME EP. (DA
  • FaltyDL's label Blueberry Records is putting out a compilation in June. (RA
  • Roman Flügel and Jörn Elling Wuttke (a.k.a The Primitive Painter) reissue classic IDM album on R&S Records. (XLR8R
  • Porter Robinson has debuted a new track, Look At The Sky, during a live-streamed set at Secret Sky last weekend. (DJ Mag
  • Nightmares On Wax has released 500-plus episodes of Ibiza Sonica Radio. (DA
  • Mr Beatnick will release a new LP called Honeycomb on his own Mythstery Records imprint in June. (RA
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