Key Takeaways from the IMS Report 2019
International Music Summit’s annual study reveals state of play in the electronic music industry
Unveiled during the International Music Summit in Ibiza, the IMS Business Report 2019 gives an insight into the state of the electronic music industry. Compiled by Kevin Watson, it pulls together facts and statistics from numerous sources to give an industry overview. Here are 12 key takeaways from this year’s report.
An IFPI survey ranks dance/electronic music as the world’s third most popular genre, behind pop and rock. Dance pegged 32% of the market share – that’s equivalent to 1.5 billion people worldwide listening to electronic music.
Nina Kraviz dominated the festival circuit in 2018. With 35 gigs, Kraviz played twice as many festivals as the top performing band, The Killers.
Festivals in the USA enjoyed a 5% jump in attendance from 2017 to 2018.
According to Berlin Club Commission, 40% of Berlin’s clubs play techno. The city’s 280 venues generated €168 million last year and employed over 9000 people.
Globally, the value of the electronic music industry dipped 1% in 2018/19 to $7.2 billion. Which is still not to be sniffed at.
Festival Gender Diversity
Only 19% of festival artists were female in 2018, according to Pitchfork analysis. However, more than 150 events have signed up to achieve a 50:50 gender balance by 2022.
The video games industry is worth 7x more than music and represents a huge opportunity for electronic DJs and artists.
With a 10% increase in unique users and a 17% rise in the number of tracks sold, Beatport enjoyed strong year-on-year growth.
Techno remains the best-selling Beatport genre, followed by tech-house and house. The site’s ‘melodic house and techno’ category was Beatport’s fifth best-seller just a year after launch.
73% of independent music makers have experienced negative emotions such as stress, anxiety and/or depression in relation to their music creation. Over half of those surveyed admitted to feeling lonely.
The number of nightclubs in Great Britain fell by a staggering 21% in the 12 months to December 2018.
Up 67% in three years, Mixmag’s official YouTube channel – The Lab – generated 74 million views in 2018. Its print magazine now equates just 10% of the business. Well played, Mixmag.