true IMS Industry Insider | Welcome
Pete Tong's Essential New Tune
Sideways (feat. Drake)
Gordo
Ultra Records
out now
Comment
"This week's ENT features on Gordo's mighty new album, 'DIAMANTE', with 16 brand new tracks. Earlier in the year, Gordo hinted at a collaboration with Drake on his Instagram and it was teased by the Keinemusik crew at their Brooklyn Mirage show earlier in the month. Across the 16 tracks, there are actually 2 Drake features, a Rampa feature, &ME feature and a brilliant track from Leon Bridges. But this week's ENT representing this magnificent body of work is 'Sideways' from Gordo and Drake." 
This week's featured Essential New Tune was featured in last week’s Friday show on BBC Radio 1. Listen again and forward to 37.15 here.
Contact
Label: Ultra Records
Management: The Media Nanny
Radio: Mike Burns, Ultra / The Media Nanny
30 Jul 2024
Business
  • Apollo Global Management has provided a $700m "capital solution" to Sony Music Group to help fund music acquisitions. (Billboard) 
  • Universal Music Group saw an 8.7% rise (9.6% in constant currency) in Q2 revenue, with recorded music increasing 5.8% (6.8%). Music publishing revenue was up 10.1% (10.4%) and merchandising 44.6% (43.7%). Subscription revenue jumped 6.5% (6.9%), though streaming revenue was down 4.2% (3.9%). Physical revenue saw a 9.5% increase (14.4%), and licensing and other revenue was up 18% (18%). Adjusted EBITDA gained 10% to €649m. (Variety) 
  • Spotify reported its Q2 2024 financials, pointing to €3.81bn in revenue, up 20% year-on-year, with a net profit of €274m. The numbers were fueled by a 16% drop in operating costs stemming from layoffs and a "lower marketing spend." Monthly active users grew 14% to 626m, subscribers increased 12% to 246m, gross margin hit 29.2% and operating income rose to €266m. The share price rose more than 12%. (MusicAlly) 
News and Features
  • 'So important': UK spiking campaigners and survivors respond to introduction of specific law. (RA) 
  • Barry Can't Swim, Charli XCX and Nia Archives have been nominated for 2024 Mercury Prize list. (RotD)
Digital
  • Spotify expands its Countdown Pages to artists with 5,000 active listeners, more than a year after unveiling the feature. (DMN)  
  • Apple Music for Artists can now track radio spins from more than 40,000 radio stations across the globe. (DMN) 
  • Soundful and SoundCloud partner with artist Kaskade for an AI songwriting competition. (SoundCloud) 
  • TikTok is looking to take on YouTube Music and Shazam with a new feature called 'Sound Search,' which lets you find a sound by singing, humming or playing it. (DMN) 
Live
  • UK Festival Boomtown Fair reveals 450-plus names for 2024. (RA) 
  • EDC is expanding to Thailand in 2025. (EDM) 
Comment, Opinion and Analysis
  • The Top 40 used to bring the UK together. But since the streaming revolution, what we listen to has become increasingly hard to tally. (Guardian) 
Tech
  • Pioneer DJ has announced a new limited-edition fanzine to celebrate the 30th birthday of the iconic CDJ. (DJMag) 
  • Moog’s Labyrinth marks a bold new treaty between east and west coasts: “This feels like a new type of Moog” (MusicTech) 
  • Arturia PolyBrute 12: Possibly the most powerful analogue synthesizer of the modern age. (MusicTech) 
Beatport
  • TOKiMONSTA drops Baile Funk inspired summer jam, "Corazón" (Beatportal)
  • Playlist of the Week: Cinthie (Beatportal)
  • 25 Years of Defected Records: Beatport's tribute to a renowned house music institution (Beatportal)
  • No internet, no problem with our Offline Library. (Beatport)
Clubs
  • Ibiza:
    Beat Hotel announces 2024 Ibiza residency. (RA) 
    Anjunadeep has announced the line-up for one-off party at Club Chinois on Thursday 8 August. (IbizaSpotlight) 
    Sven Väth & Richie Hawtin combine at 528 Ibiza for 25Y Cocoon Ibiza on Wednesday 25 September. (IbizaSpotlight) 
  • 40,000 people attended the “largest hard techno rave ever” in Amsterdam’s Johan Cruijff ArenA. (DJMag) 
  • Club night, label and Berlin-based creative collective PAN have announced the cancellation of a planned party at Berghain next week, amid boycott pressure. (Mixmag) 
  • The Warehouse Project has revealed the bulk of its autumn season at Depot Mayfield in Manchester, with shows from Nia Archives, Patrick Topping, Orbital and more. (RA) 
Deals
  • Armada Music has partnered with Warner Music Africa and Africori to launch 'Ampiano To Ibiza', a concept EP comprising amapiano reinterpretations of classic "Ibiza" house tracks. (RotD)  
Streams & Podcasts
  • RA.947 LYDO (RA) 
  • Gorgon City live from DJ Mag HQ (DJMag) 
  • Yang Bing | Boiler Room: Beijing (Boiler Room) 
  • ANOTR | Boiler Room: Milan (Boiler Room) 
  • Don Diablo live at Parookaville 2024 (Don Diablo) 
  • Kiasmos live for Cercle at Citadelle de Sisteron, France (Cercle) 
  • Charli xcx | Boiler Room & Charli xcx presents: PARTYGIRL Ibiza (Boiler Room) 
  • Swedish House Mafia live at Tomorrowland 2024 (Weekend 1) (Tomorrowland) 
  • Solomun B2B Four Tet live at Tomorrowland 2024 (Tomorrowland) 
  • Alesso live at Tomorrowland 2024 (Mainstage Weekend 1) (Alesso) 
  • Steve Aoki live at Tomorrowland 2024 (Weekend 2) (Tomorrowland) 
  • Armin van Buuren live at Tomorrowland 2024 (Weekend 2) (Armin Van Buuren) 
  • Hardwell live at Tomorrowland 2024 (Mainstage - Weekend 2) (Hardwell)
  • David Guetta live at Tomorrowland 2024 (David Guetta) 
Artist and Music Features
  • Best melodic house music of July 2024 (Magnetic) 
  • Here are the 10 most played tracks at Tomorrowland 2024 weekend one. (DJMag) 
  • How the team behind Deep Tropics Festival infuses EDM into Nashville with a sustainable twist. (EDM) 
  • Producers vs DJs: The big difference between the two sides of the same game. (Magnetic) 
  • Selections: TT (DJMag) 
  • Inside Mexico City's vibrant electronic underground. (DJMag) 
  • Dance music’s elusive duo open up — or are they playing a game in front of our eyes? In a rare interview, Two Shell talk about their stylistic shift away from straightforward club records, resisting the matrix, gamifying dance music, and eyeing up fashion next. (Mixmag) 
  • Developing as a label and event series after the pandemic, Tijolo has become a core meeting point for dance music communities in North and South America. Jamaal Johnson chats to head honcho SIXX4SIXX about creating dedicated spaces for Latin clubbers. (Mixmag) 
  • Raising the Doof: The whirlwind success of DJ Hannah Laing (BBC) 
  • Meduza's Mattia Vitale, Luca De Gregorio and Simone Giani reveal their production philosophy and the love for Italian traditional melodies that inspires their music. (Billboard) 
  • Mochakk is a fully-fledged dance music phenomenon. (Mixmag) 
  • Steve Aoki: core strengths (DJMag) 
  • Numerous tactics, including payola-like deals on Spotify, are promoting artists people haven’t chosen to hear – but the industry refuses to discuss it. (Guardian) 
Artist News
  • SOPHIE releases two more singles from posthumous album. (RA) 
  • Calvin Harris and Ellie Goulding release 'Free'. (EDM) 
  • Dimitri Vegas plays vinyl-only surprise set at Tomorrowland's The Gathering stage. (DJMag) 
  • DJ Archie has become the youngest person to ever DJ at Tomorrowland at the age of nine. (EDM)  
  • Lady of the House announces Tech-House Latino artist CAMZ as its new Brazilian Ambassador. (Mixmag)
  • Carl Cox has released a new club track, called ‘ICE’. (DJMag)  
  • Anyma reports selling 100,000 tickets for six upcoming Las Vegas Sphere shows in less than 24 hours. (Billboard)  
Recent newsletters

22 Oct 2024

Now It's Gone - In Parallel
"It comes from In Parallel and a record we previewed on last week's show. George from the duo initially found...

15 Oct 2024

Neverender - Rampa remix - Justice, Keinemusik, Rampa & Tame Impala
"I previewed it on last week's show and it's been released as part of Justice's Neverender remixes EP. If you...

08 Oct 2024

Shadows Of Love - Ame & Curses
"It's going to be the second time in 2024 that Ame, partners with Dixon in the legendary Innervisions label, have...

01 Oct 2024

Guardian Angel - Henri Bergmann & WENNINK
"It comes from husband and wife duo Henri Bergmann & WENNINK. They said they wanted to do something uplifting, expansive...

24 Sep 2024

Bring My Beat Back - Secret Echoes
"Previewed this last week, it's the first bona fide Mexican electronic music supergroup comprising Estefani Brolo, Diego Cevallos and Marco...

17 Sep 2024

Sun Is Shining - Kaz James
"So firstly let me tell you that the artwork for the track features the American actor and comedian Bill Murray...

About IMS

IMS: International Music Summit is a global educational and motivational thought-leadership platform dedicated to the continued development of electronic music primarily through the presentation of global summits for the industry. 

About Beatport

Beatport is the worldwide home of music for DJs, producers, and their fans. Founded in 2004, the Beatport family of companies includes Beatport, the preeminent store for electronic music DJs, Beatsource for the open-format DJ community, and Loopmasters, Loopcloud and Plugin Boutique for music producers. Follow us on Twitch, Facebook and Twitter, and Instagram.

About AFEM

AFEM: A global voice for electronic music; representing our culture and commerce. AFEM's membership spans all industry sectors, with over 250 company members across 25 countries, the organisation connects its worldwide membership to develop opportunities and enable change.

About ROTD

Record of the Day has produced a subscription-based daily publication for the music industry for over 21 years, featuring all the best news and comment, along with an editorially-chosen future hit. Sign up for a free trial here.
Submit your news stories here.
About Industry Insider | Get in contact | Privacy policy | Terms and conditions
Brought to you by: www.recordoftheday.com