At the “International Music Summit” facts and figures came on the table

01/07/2018

About the summit

As in previous years, the annual music fair “International Music Summit” (IMS) brought together the most important players in the international music industry at the start of the party season.

In numerous lectures, discussions and networking rounds, representatives from the field of electronic music met at the Hard Rock Hotel in Ibiza to pursue their business. As every year, an IMS report on the current business and market situation was subsequently published.

Some excerpts: The genre “Dance / Electronic” is classified as the third most popular music genre in the world after pop and rock. Pitchfork showed that in 2018 only 19 percent of festival artists were female. However, there is an upward trend in the number of female techno DJs. Overall, the overall value of the industry remains stable and has only decreased by one percent compared to 2018.

For the past few months, the pace of declines in nightclubs has been accelerating, due to a number of closings of high-profile companies around the world.

Numbers and statistics

Global music revenue (for all genres) grew 9.7 percent in 2018, due to new streaming offerings in many regions, with Latin and North America experiencing the biggest growth.

The proportion of music recorded in the U.S. and the United Kingdom decreased significantly in 2018 compared to 2017, but recovered in both Germany and Canada.

In a survey, 32 percent of respondents said they listen to dance / electronic regularly. If you translate this into the global population of 16 to 64 year olds, that is an estimated 1.5 billion people.

A Forbes report shows that the average pay for the highest paid DJs has dropped significantly. The top 10 total (USD 261 million in 2018) was the lowest since 2013. The report provides important statistics on the development of the electronic music business and is therefore a barometer for the entire industry. It is valued by professionals from across the industry and is also used for market research reports.