IMS Industry Insider

29 Nov 2022

Business

Sources suggest staff cuts at Utopia Music have primarily come in the central team – including some high-level executives – as well as its tech-focused workforce. (MBW)
beatBread has finalised a $100m institutional funding agreement, which will enable the music funding platform to offer multi-million dollar deals to successful established artists, while continuing to fund developing artists. (RotD)
b2b platform for music events and going-out plans Xceed has raised €2m from a diverse group of European funds and investors in October. (RotD)
Warner Music Group pulled in nearly $6bn, a 16% spike in constant currency over the previous year, thanks to double-digit growth in streaming revenue. (DMN)

News and Features

A new report published BMJ Global Health Journal details how over a billion young people could be at risk of hearing loss. (Mixmag)
The Pete Tong Music Academy launches Future Talent Awards. (DJMag)
A report by Night Time Industries Association and the Association for Electronic Music shows that the nightlife economy accounts for a huge £36.4bn a year, or 1.6% of UK GDP. It also accounts for 425,000 jobs across the UK. (Mixmag)

Web3

The emergence of virtual artists and concerts in the metaverse (MetaverseInsider)
Deadmau5 and Richie Hawtin's Pixelynx has announced that it will begin rolling out its Elynxir music metaverse gaming platform this week with the launch of an AR scavenger hunt set throughout Miami Beach, beginning alongside the annual Art Basel event. (Decrypt)

Live

Finland's Solstice Festival announces 2023 line-up (RA)
DJ Nobu, Bored Lord, Octo Octa and dozens more to play at Croatia's Dekmantel Selectors. (RA)

Comment, Opinion and Analysis

10 years ago, Warner Music’s top 5 superstars generated 15% of its revenue. Today, that number is down to just 5%. (MBW)
Will the recession change Big Tech’s view on entertainment? (Midia - Mark Mulligan)

Beatport

Six Emerging Artists On Our Radar: November 2022 (Beatportal)
Playlist of the Week: Cincity (Beatportal)
Dam Swindle curates an exclusive new pack for Beatport Sounds (Loopcloud)
Introducing: LF System (Beatportal)
7 easy music arrangement tips for better tracks (Loopcloud)

Clubs

Amnesia Ibiza announces line-up for final Pyramid party of 2022 (DJMag)
Manhattan’s Lower East Side gets new Virgo nightclub. (EDMTunes)
UK sex-positive party Crossbreed to close permanently (RA)
London party TRIBES returns next month with its debut edition at The Cause's temporary venue/test site Possibly Maybe. (DJMag)

Deals

Insomniac Music Group have entered into an exclusive global partnership with full-service B2B distributor FUGA. (RotD)

Streams & Podcasts

RA.860 Kai Campos (Mount Kimbie) (RA)
Off-Kilter 008 - Shanti Celeste (Off Kilter)
AC Slater Live @ The Mint, San Francisco (DJMag)
Sama’ Abdulhadi | Seismic Dance Event 5.0 (Seismic Dance Event)

Artist and Music Features

Selections: Peach (DJMag)
Get To Know: Heléna Star (DJMag)
Week-long raves, rare sets and gangland confrontations — Isaac Muk dives into the history of London's trend-setting nautical nightclub, Boat Live. (Mixmag)
How LTJ Bukem's 'Logical Progression' expressed his unique vision for drum & bass (DJMag)
How 2manydjs made their mash-up masterpiece As Heard on Radio Soulwax Pt 2. (Dazed)
How Bicep created one of 2022’s must-see live shows (RollingStoneUK)
Bedouin and the Language of Music (LAWeekly)
Fred P: keep on moving (DJMag)
Honey Dijon steps up from dance music’s underground. (NYTimes)

Artist News

Meute drops Taumel (Forbes)
DJ Eliza Rose will perform at the Mobo Awards next week. (RotD)
Rezz has announced her first B2B with deadmau5 at a mystery festival next year. (EDM)
A posthumous album by i_o has been released by his family two years after his passing. (Mixmag)
Amapiano star DJ Sumbody has been murdered in a drive-by shooting in Johannesburg, his record label has confirmed. (Mixmag)

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