International Music Summit (IMS) is the leading platform for business, culture and education in global electronic music.
The organisation will present and publish the findings of the annual IMS Business Report on Monday 28 June at 17.00 BST in an interactive broadcast live on Beatport’s streaming channels. The report will feature full and detailed data on the last year in the electronic music industry, highlighting key trends and providing analysis into the impact of the global pandemic, including how it has affected the total value of the industry.
For the first time in its ten year history, the report has a new author, data analyst David Boyle, who will present an abridged version of the full updated format report, after which the findings will be examined and analyzed in a live discussion featuring Bart Cools, (Warner Music Group, EVP Global A&R and Marketing for Dance Music), Mark Lawrence (Sentric Music, Director of Electronic Music) and Susan Gloy-Kruse (Beatport, Director, Industry Relations), moderated by Katie Bain (Billboard Dance, Editor).
The IMS Business Report is an annual leading study that provides vital statistics on the growth of the electronic music industry across the previous year. Used by professionals across the industry and referenced in widespread news reports and studies, it is an essential tool for the electronic music business. The 2021 edition presents a new format report and aims to be the definitive account of electronic music in 2020 and the trends shaping 2021 so far, covering key themes including:
• Recorded Music: Electronic music market share in the face of the continued growth of Hip Hop.
• Festivals & Clubs: Bearing the brunt of the impact of COVID-19, many clubs and festivals were not able to operate. We take a look at who went successfully virtual.
• Livestreaming: A year into being forced into livestreaming, there are still more questions than answers about the biggest topic in the music industry. The report examines key case studies which illustrate three distinct pillars around which the answers will coalesce: Enroll, Engage and Excite.
• Monetizing Fans: NFTs captured the headlines but they’re only the hottest of the direct-to-fan technologies that helped artists to engage and monetize their fans during the pandemic. The report looks at three technologies that each hold lessons and examine how NFTs are only the tip of the iceberg for our industry.
• Good Causes: Whether raising money for PPE for healthcare workers, non-profits or artists and industry workers devastated by the pandemic, electronic music stepped up in 2020. We recap and salute the dedication and impact of this great work.
• The Metaverse: 2020 saw record growth in gaming, an industry that is well used to expansion. The metaverse has arrived and the opportunities for electronic music are unlimited.
• Industry Value: Revealing the all-important estimated value of the global electronic music industry, which in 2019 was $7.3bn.
The presentation and discussion will be live on Beatport’s Twitch, Facebook and YouTube pages and on the IMS Facebook and Billboard Dance Facebook pages, viewers will be able to share their opinions and ask questions to the panel via these platforms. Immediately after the stream the IMS Business Report 2021 will be available for download from the IMS website.
Streamed today at 17.00 BST / 18.00 CEST / 12.00 EDT / 09.00 PDT, you can watch via HERE
