As the COVID-19 pandemic positions the dance scene in a state of uncertainty, the million dollar question is how this singular moment in history is affecting the overall health and financial viability of the global electronic music industry.
Coming out next Thursday (July 16), the annual IMS Business Report will offer new insights on the topic via an interactive Zoom webinar. Capacity for the webinar, taking place at 9 a.m. PT / 12 p.m. ET, is limited and space can be registered for here. For those unable to secure a spot, the presentation and following panel discussion will be live streamed on both the International Music Summit and Billboard Dance Facebook pages.
Published for the last ten years and considered crucial information on the growth and valuation of the electronic music industry during the previous 12 months, the report has long been a resource in the worldwide scene.
The report was prepared by London-based data analyst Kevin Watson, who will present his findings during an hour-long presentation. For the first time in the 10 year history of the Summit, this presentation will be followed by a panel discussion featuring myriad dance industry experts discussing and debating the findings and their implications. This discussion will be moderated by Billboard Dance director Katie Bain, with panelists to be announced next week.
The report will include findings on artist income, festival and club cancellations, growth markets, DSP’s, the impact of streaming and associated revenue and how electronic music is competing against genres like hip-hop.
“The 2020 edition will reveal the impact of the pandemic and illustrate how the electronic music industry has reacted to this turbulent and unprecedented year,” reads a statement on the event, “helping to steer decisions that will lead to future recovery.
The IMS Report is the highlight of the annual IMS Ibiza conference, which was canceled in 2020 due to the coronavirus pandemic.