IMS Industry Insider

Pete Tong's Essential New Tune

Dum Dum

Patrice Bäumel

Kompakt

out now

Comment
This is an absolute beast. I got to road test this before I got to Miami but when I got to my pool party Kolsch had already played it, although I played it again anyway. It comes from Patrice Bäumel and it really is a standout tune. It's out on the excellent Kompakt label and is called Dum Dum. If you've been out on the dance floor recently you may well have already heard it…
This week’s Essential New Tune is featured in last week’s Friday show on BBC Radio 1. Listen again and forward to 32:00 mins here.

Contact
Label: Kompakt
Management: Nathan Thursting, Alt-Management
Publishing: Copyright Control
PR: Felix Göllner, Kompakt
Worldwide: Bruno Vecchio, Kompakt
North/South America: Cara Daley, Liaison
Netherlands: Kelly Peelen, We Are E

01 Apr 2016

Business

7digital Group posted an operating loss of £3.1m for the year to the end of December - down from £4.5m the prior year. Net loss increased from £2.6m to £7.9m. Revenues of £10.4m were up from £10.2m in 2014 and gross profits increased to £7.1m from £6.0m. Content sales of digital downloads were down 44% to £2m in 2015. (II, 7Digital)
Spotify has raised $1bn in convertible debt from investors, a deal that extends its runway but comes with some strict guarantees, sources said. (WSJ, Billboard, TechCrunch) Spotify indicated to new investors it plans to go public in the next two years. WSJ claims Spotify has $600m in the bank.
SoundCloud, with 175m registered users, is launching its long-planned subscription service, but for now the $9.99-a-month service will only be available in the US. SoundCloud Go will have a catalogue of more than 125m tracks. (Guardian, Billboard, TechCrunch)
A row over the future of music streaming service Pandora has led to the departure of its CEO Brian McAndrews and the return of the company's founder Tim Westergren to the position. (Pandora, Register, Billboard)

News and Features

The British Phonographic Industry (BPI) has passed the milestone of 200m infringing URLs sent to Google for removal from search results since its first notice in July 2011. (RotD, Guardian) The BPI’s Geoff Taylor said: “We are calling on Google and Bing to show their undiluted commitment to artists and the creative process by implementing a more pro-active solution to illegal sites appearing in search results. This will avoid the cost for both of us in dealing with hundreds of repeated notices for the same content on the same illegal sites”.
Legendary synthesizer manufacturer Moog has taken a stand against new laws passed in North Carolina that eliminate anti-discrimination protections for members of the lesbian, gay, bisexual, transgender, and queer population. (EDM.com)
Trax & Wax is the first vinyl subscription service focused on sub-genres within electronic dance music. (TechCrunch)
Space Ibiza announced as the No.1 club in the world, according a DJMag poll. (RotD)
SFX discloses festival line-ups in connection with artist deal. (WSJ)
Robert Sillerman's frank farewell letter to SFX staff as he steps down as CEO, but remains Chairman. (Billboard)
IMS Engage 2016 announces first speaker pairings: Marc Geiger, James Barton, Lee Anderson and more. (Billboard)

Digital

Spotify may be planning to give playlist creators on its platform more feedback on how their collections are being listened to and enjoyed. (Musically)
In its first year, Tidal claims to have passed 3m paid subscribers globally, adding about 2.5m subs to the approximately 540,000 it had when it launched in the US. (Billboard) Around 45% have signed up for its hi-fidelity, lossless audio/video tier, which costs $19.99pm as opposed to its regular $9.99 tier. According to Tidal, Kanye West’s Life of Pablo album surpassed 250m streams in its first 10 days of release.
Vevo’s recommendations get more personalised, thanks to integrations with Spotify, Twitter and YouTube. (TechCrunch)

Live

Has TomorrowWorld hinted at a possible return in the climax of their 2015 after-move? (EDM.com)

Comment, Opinion and Analysis

Why we need an Open Source music industry. (Midem - Grant Bussinger, Warp Records' Head of Digital) Has the industry still "not come to terms with the core concepts behind the root of its own disruption?"
The best way to prevent drug-related deaths at festivals. (EDM.com)
Where are the female record producers? (Star)
Spotify’s billion dollar challenge. (Mark Mulligan)
What does Spotify’s billion dollars of debt mean for labels and artists? (MTS - Chris Castle)
What does Spotify want to buy with a billion dollars? Will it get in to video? (Recode)
SFX sinks, Miami Music Week attendance is down, Vegas has had enough and everything is just fine. (Magnetic Mag)
Quick take: SoundCloud goes premium. (Mark Mulligan)
SoundCloud's next move will change the streaming game (again). (Billboard)
Is SoundCloud Go a serious streaming contender? Hands-on with the long-awaited subscription service rival. (Fact)

Clubs

Pacha Ibiza announces Hot Since 82 residency. (Mixmag)
Hyte Ibiza reveals details of 2016 Amnesia residency. (Mixmag)

Artist and Music Features

Harangue The DJ: Bullion (Guardian)
Breaking Through: SØS Gunver Ryberg. (RA)
Q&A: Andy C. (Mixmag)
Label of the month: Unknown To The Unknown. (RA)
PC Music's cunning shift from internet fad to major label hit factory. (Noisey)
The rise and fall of Mo'Wax founder James Lavelle - and the record industry that fell with him. (Verge)
'He was like the Messiah': Larry Levan, the DJ who changed dance music forever. (Guardian)
The new paradigm: The majors now believe that Spotify will begin to experiment with windowed paid-tier exclusives; labels reduce costs, but publishing companies suffer decline in mechanicals; the problems of a coordinated global rollout. (Hits)
Pop goes the sofa. (Times) Can’t make it to the gig? Then catch it at home. Live concert streaming is an idea whose time has come.
New Las Vegas nightclubs “for cool people” say EDM isn’t cool anymore. (ChartAttack)
NYC beatsmith the Range has used unwatched YouTube performers to voice his new album. He tells why the nobodies do it better. (Guardian)
10 times electronic music ruled Glastonbury. (Pulse)
EDM YouTube comments might restore your faith in humanity. (Vice)
Bring it like a superhero: London's Vogue scene is rising. (Mixmag)

Artist News

Gareth Emery recently took to Facebook to share his secrets to success in the EDM world. (EDM.com)
Laidback Luke discusses how EDM is changing and names his favourite current producers. (EDM.com)
New Kygo track, Fiction, will be used as the theme for the Sims game and app, Build It. (Your EDM)
Ten Walls is seeking redemption from homophobic comments made last year with the announcement of a tour across Europe and Asia starting in April. (EDM.com)
LA producer Pumpkin has passed away in a tragic car accident. (EDM.com)
Roy Davis Jr. has been diagnosed with MS (Multiple Sclerosis). (DJMag)
Avicii announces retirement from music. (Data Transmission) A feature film dedicated to his life is reportedly in the works. (Pulse)

Albums

The Range (FT – 4* Ludovic Hunter Tilney, Observer – 3* Killian Fox)

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