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29 May 2020
Business
  • Warner Music Group has officially launched its initial public offering. It will sell a 14% stake, or 70m shares, targeting a price of between $23 and $26 a share, giving a valuation of between $11.7bn and $13.3bn - well above the $3.3bn that Len Blavatnik paid for it in 2011. His investment company, Access Industries, will retain all the proceeds of the sale and will keep majority voting power of Warner Music’s outstanding common stock. (MusicAlly, Billboard) 
News and Features
  • Ibiza to allow international visitors from July. (DJ Mag) 
  • Police have shut down a rave on Botany Bay beach in Kent (UK) this weekend. (DJ Mag) 
  • Ultra Music Festival faces a class action lawsuit on behalf of ticket holders over refusal to issue ticket refunds. (RollingStone) 
Digital
  • Festival Republic, promoters of Wireless have teamed up with virtual reality firm MelodyVR to develop a three-day virtual festival set in July. (TTB) 
  • Pioneer DJ has added a new feature that analyses tracks and detects where vocals are on the waveform. (DJ Mag) 
  • Beatsource, the music streaming service for open format DJs created by Beatport, and promotional record pool DJcity, are bringing streaming integration to Pioneer DJ's rekordbox. The latest rekordbox update will allow DJs access to millions of songs. (PRNewswire)
  • Spinnin’ Records shared a playlist of over 50 songs in 360° Reality Audio, a groundbreaking, immersive music experience that uses Sony’s spatial audio technology. (EDM.com) 
  • Instagram is reportedly warning users who play more than 90 seconds of copyrighted songs to stop or risk having their livestream shut down. (DJ Mag) 
  • Spotify has removed the Appears On section from artists’ profiles. The feature directs users to other artists and collaborations an artist has appeared on, many of which don’t come up on their own main profile, especially true for frequent remixers and vocalists. (YourEDM)
  • New app AiMi is using AI technology to turn existing tracks from artists into adaptive experiences for electronic music listeners. (MusicAlly) 
  • Facebook’s experimental app division has a new product named Collab that promises to deliver a new approach to collaborative music making. (Verge) 
  • Amazon Music has announced deadmau5 as the next featured artist in its weekly performance series taking place tonight (Friday 29 May). (RotD) Fans can also ask questions.
Live
  • Serbia's Prime Minister Ana Brnabic has urged Exit festival to occur in some capacity this August. (RA) 
  • HARD Summer Music Festival 2020 has been officially postponed until 2021 because of COVID 19. (DA) 
  • Electronic music conference Dancefair has announced an online edition to be held 5-6 September. The offline conference is planned for 31 October in Utrecht in the Netherlands. (RotD)
  • This weekend, Ministry of Sound will present Ministry Weekender, a two-day virtual party streamed live in aid of the WHO Solidarity Fund. (YouTube) Confirmed artists include Diplo, Pete Tong, A-Trak, DJ EZ, MJ Cole, and Paul Woolford. 
News Update from AFEM
(Association for Electronic Music)
  • AFEM Membership: New AFEM members for May include - Lex Luca / In Tune, Make Some Noise, MUSO, Syndicast, Volta Audio. Please contact membership@afemorg.net if you would like to know more about joining. (AFEM)
  • Your Music Industry Podcast: an interview with AFEM's Regional Manager Tristan Hunt on the AFEM Members COVID-19 Hardship Fund, Beatport's Re-Connect Live-Stream events, mental health and industry conferences. Listen to the podcast here.
  • AFEM Member Thought Piece: Music industry life coach, Olympia Coaching, shares insights whilst offering guidance and support in this recently published blog - Covid-19: How to cope with the uncertainty of your future in music
  • Masks For Music: an innovative opportunity offering all global music industry professionals a way to help relieve pandemic financial insecurity - helping to put money back into the music industry while also supporting a number of charities. Offering three different mask packs for sale online, businesses and artists can register and read more about Masks for Music here.
  • AFEM Mental Health Guide for the Electronic Music Industry in Japanese: AFEM recently launched a Japanese version of the acclaimed AFEM Mental Health Guide for the Electronic Music Industry(translated by AFEM members Soundmain). The Japanese electronic music community can read more at RA Japan and download the guide from the AFEM website.
  • AFEM & MUSO - Anti-Piracy Support 2020: AFEM will be working with MUSO as an anti-piracy partner for 2020 to provide advice and significant discounts on anti-piracy services for members to help ensure revenue streams for electronic music creators and rights holders are maximised and the pirate operators are disrupted. Click to read more.
Comment, Opinion and Analysis
  • The music industry’s next five growth drivers. (Midia)
  • Spotify CEO Daniel Ek talks about about how he expects Apple to further open up its platform a year after Spotify filed an antitrust complaint with the EU. He also speaks about the company's Covid-19 efforts to help musicians and the $18bn opportunity in advertising sales. (Bloomberg)
  • A Festicket survey of 110,000 festivalgoers from countries including the UK, France, Germany and the Netherlands found that 82% of fans would feel confident attending a festival within one to six months post lockdown. (Pollstar)
  • The global entertainment sector is set to "lose $160 billion of growth" as a result of the novel coronavirus pandemic over the next five years, research suggests. (Billboard)
  • Could the pandemic burst Ibiza's bubble? (RA) 
Tech
  • Review: d16 Punchbox (Magnetic) 
  • Make an album in six weeks!: How to boost your productivity during lockdown. (iDJ) 
  • InMusic has acquired Stanton: here’s what the acquisition could mean for DJs (DJTechTools)
Clubs
  • Offenbach club, Robert Johnson, is launching a fundraising campaign called SEE YOU SOON. (RA) 
  • Gerd Janson played a socially distanced open-air party in Germany at the outdoor venue Coconut Beach in Münster. Only 100 €70 tickets were sold for the 2000 capacity venue. (RA) 
  • The latest on club reopenings, closings and music festivals affected by COVID-19. (RA) 
Deals
  • Lotic has announced she has signed to Houndstooth. (Mixmag) 
Streams & Podcasts
  • DT696 – Javi Bora (DT) 
  • RA.730 Mike Servito (RA) 
  • Magnetic Mix 100: Anakim (Magnetic) 
  • FACT mix 759: J. Albert (Fact) 
  • Podcast 646: Sepehr (XLR8R) 
  • Carl Cox Cabin Fever 90s Rave (Carl Cox)
  • The Lockdown Mixtapes: Sound in Motion (Bassnectar) 
Artist and Music Features
  • The 15 best techno tracks of May 2020 (Magnetic) 
  • The 15 best house tracks of May 2020 (Magnetic) 
  • Artist tips: Rafael Anton Irisarri (XLR8R) 
  • Renegade Riddims: Defraction (DT) 
  • Introducing: Magit Cacoon, the Israeli artist who connects cultures and blurs boundaries. (beatportal) 
  • Patch notes: Lucrecia Dalt (Fact) 
  • Q&A: So Dope (DA) 
  • DJ Almad was trapped at an airport for 17 days due to coronavirus travel restrictions, this is his story. (DJ Mag) 
  • MixCloud - The business of music (Attack) 
  • The other side of Ibiza (DJ Mag)  
  • A look at music marketing campaigns — including song exclusivity to specific music streaming platforms, and how music metadata fields are handled by such platforms can make stream counts vary wildly. (Medium)
  • With her Oasis Festival in Marrakech, Marjana Jaidi is bringing global dance music stars (and their fans) to Morocco. (Billboard) 
  • Shoffy talks quarantine plans, leaving finance for music, and new remix competition. (EDM.com) 
  • David Morales talks gear, crate digging, and his favourite rotary mixer (DJTechTools) 
  • EX.511 Junkie XL (RA) 
  • Berlin musician Bad Conscience on techno, club culture and quarantine. (Forbes) 
  • Mella Dee opens up in Red Bull's Fireside Chat. 
  • Tinlicker serve up a towering mix of deep house, trance, and progressive. (beatportal) 
  • The future of music releases. Albums vs EP’s vs playlists vs mixtapes. (MusicAlly)
  • Kraftwerk’s robotic rhythms resonated loudest in deindustrialising 1970s Detroit and gave rise to techno – starting a cultural feedback loop that continues today. (Guardian)
  • London's nightlife venues are more at risk than ever. Here’s what we need to do to save them. (TimeOut)
  • How a mediocre record by a toff, an investment banker, a real estate magnate and a socialite property developer epitomises the co-opting of underground electronic music by a wealthy elite. (Quietus) 
Artist News
  • Disclosure's third album, ENERGY, will be out on 28 August and feature Kelis, Common and Channel Tres. (RA) 
  • Romare's third album is being released on 31 July through Ninja Tune. (RA) 
  • Eric Prydz has dropped two brand new tracks under his Cirez D alias. (DJ Mag) 
  • Nicolas Jaar previews third album of 2020, Telas. (DA) 
  • Pinch announces Reality Tunnels, his first solo album in 13 years. (Mixmag) 
  • Carl Craig and Deena Abdelwahed contribute to name-your-price InFiné compilation. (RA) 
  • Jayda G to release new EP in collaboration with Fred again..(XLR8R) 
  • Avicii's legacy is 'very solid' as his foundation works to prevent suicides, says dad Klas Bergling. (Billboard) 
  • Oliver Heldens debuts on Toolroom with Rave Machine. (DT) 
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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.

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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.
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