Beatport

Last updated
Beatport
Beatport 2021.svg
Developer LiveStyle
Launch dateJanuary 7, 2005;19 years ago (2005-01-07)
Platform(s) Cross-platform (web-based application)
Website beatport.com

Beatport is an American electronic music-oriented online music store owned by LiveStyle. The company is based in Denver, Los Angeles, and Berlin. Beatport is oriented primarily towards DJs, selling full songs as well as resources that can be used for remixes. [1] It also operates a specialized music streaming service oriented towards DJs.

Contents

Established in 2004, the service was acquired in 2013 by Robert F. X. Sillerman's company SFX Entertainment for a reported price of slightly over $50 million. [2] In 2014, as part of an effort to widen its audience, Beatport expanded into original content oriented towards fans of electronic dance music, covering EDM news and culture, and offering on-demand music streaming from its catalog and live streaming events.

SFX Entertainment filed for chapter 11 bankruptcy on February 1, 2016, and Beatport was subsequently put up for sale. However, in May 2016, SFX suspended its proposed auction of the company, and cut its streaming and original content operations in order to focus on its core music sales business. SFX has since emerged from bankruptcy as LiveStyle. Beatport emerged from the bankruptcy debt free and profitable and continues to operate as an online music store.

History

Previous Beatport logo used from 2004 to 2021. Beatport-logo.svg
Previous Beatport logo used from 2004 to 2021.

2004–2009: Founding

The first version of Beatport's web store, Beatport 1.0, was released on January 7, 2004, and consisted of 79 electronic music record labels in its catalog. Half a year later, Beatport was beginning to become recognized after a few collaborations with well-known DJs and partnerships with the technology company Native Instruments. [3] In January 2005, a revised Beatport 2.0 was released, with a catalog of over 100,000 tracks supplied by 2,700 signed labels. Beatport was also made accessible through a scaled-down GUI embedded within DJ software: Traktor DJ Studio by Native Instruments. On August 7, 2006, Beatport released Beatport 3.0 Fully Loaded, the third version of its original store, which featured improvements to navigation, customized content subscription via My Beatport, and new payment options.

2007–2008: Beatport Player

In February 2007, Beatport launched the Beatport Player, a viral marketing web widget to play back relevant content by Artist, Label, Genre, and Chart. Built using Adobe Flash and HTML, the player gives users the ability to create custom, dynamic playlists from song previews of Beatport's catalog to be embedded into nearly any HTML website.

In August 2007, Beatport launched a community-oriented music site, Beatportal, whose stated mission is "...to provide music lovers with up-to-date information about the world of electronic music". Following up on the idea of the community-oriented site, Beatport introduced the Beatport Music Awards [ permanent dead link ] on March 18, 2008. Each year Beatport users can vote for the best electronic music artists in an effort to trace the progress of these artists over the years or determine which has the largest growing fan base. The BMAs are broken down into 19 categories, including Best Artist categories from each genre, Best Remix, and Best Single. The nominees for the BMAs are based solely on unit sales at Beatport.

2009–2012: The New Beatport

The third version of the online store, named "The New Beatport", was released on January 21, 2009. [4] Multiple features were added to the site including embedded artwork in purchased music, a new user-preference system named "My Beatport", keyboard shortcuts and sitewide multilingual support. [5] As a newer version of the store, it integrated the use of an Adobe Flex 3 web application provided by RealEyes Media. [5] On July 14, 2011, Beatport launched their HTML5 website with new features, designs and a new platform. Beatport officially added AIFF downloads as an option on their platform on September 9, 2011. [6]

The annual revenue of Beatport for 2012 was reportedly around $15–18 million, with losses of $2 million. [7]

2013–2015: SFX, pivot towards original content

In February 2013, Beatport was acquired by Robert F.X. Sillerman's SFX Entertainment, a conglomerate focusing on EDM properties such as festivals and promoters. [8] Additionally, Beatport announced that it would partner with the music recognition service Shazam to index its catalog. [9] In December 2013, the company laid off 20 employees in the Denver office and six in San Francisco, reportedly leaving the site's technical infrastructure supported by only a skeleton crew. [10] [11]

Under SFX ownership, Beatport began to reposition itself towards the overall electronic dance music culture. On January 6, 2014, Clear Channel Media and Entertainment (now known as iHeartMedia) announced that as part of a wider marketing partnership with SFX, it would syndicate a Beatport top 20 countdown show to its major-market contemporary hit radio stations beginning later in the year. Clear Channel staff, including John Sykes, believed that the deal (particularly the Beatport countdown show) would help provide a higher level of national exposure to current and up and coming EDM artists. [12] [13] [14]

In December 2014, Beatport revamped its website to extensively target mainstream fans of electronic music, adding original content (such as news articles), as well as live streaming shows and festival coverage. Additionally, Beatport launched a free music streaming service, which allowed users to stream full-length songs from Beatport's library, as well as curated playlists and charts. Beatport CEO Greg Consiglio and executive creative director Clark Warner explained that only 300,000 of the site's 50 million unique users had actually purchased music from the service, and that the majority of users were using the Beatport store's time-limited samples of tracks for music discovery instead. [15] In March 2015, the site launched a mobile app, featuring the streaming service, and a "Beatport Shows" feature which highlights upcoming events and provides integrated access to ticket purchases. [16] The streaming service is subsidized by Beatport's store, which was re-branded as Beatport Pro (in concert with the service's desktop client software) and remained primarily focused towards professionals. [15] [17] [18]

2016–present: SFX re-organization, LiveStyle

Beatport incurred US$5.5 million in losses for 2015. [19] In March 2016, as part of SFX's bankruptcy, the company announced that it planned to auction off Beatport and digital firm Fame House (the latter eventually sold to Universal Music Group) [20] to focus more on its live events business. [21] On May 10, 2016, Beatport announced that the auction of the company had been suspended, and that it would instead cut back its operations to focus solely on its music sales business—resulting in the discontinuation of Beatport's streaming, live and original content operations. [22] The company also announced layoffs as it underwent restructuring, with as many as 49 employees departing the workforce. [22]

In September 2016, Italian record label Art & Music Recording called for an investigation into allegations that third-parties had artificially inflated the download counts of several of its songs ("juicing") on Beatport, which caused Beatport to remove the songs under policies prohibiting labels from making purchases of tracks to increase their chart performance. [23] [24] [25]

In December 2016, SFX emerged from bankruptcy under new leadership, and renamed LiveStyle. The company's CEO, Randy Phillips (formerly of AEG Live) stated that Beatport had returned to profitability. [26]

In October 2017, Robb McDaniels was announced as CEO of Beatport. [27] In February 2019, Beatport announced a joint venture with digital music record pool company DJcity, forming Beatsource, a digital music retail platform aimed at open-format DJs. [28] Around that time, Beatport had 450,000 active DJ customers and 35 million unique visitors per year. [28] In August 2019, producer and DJ A-Trak joined the board of managers as an advisor. [29]

In May 2019, Beatport announced two new subscription services tailored towards professional DJs: Beatport Link is a streaming service allowing music from the platform's library to be streamed directly into supported DJ software. Pioneer DJ served as a launch partner, offering integration through its newly developed mobile app WeDJ, and announcing that Rekordbox would support Link later in the year. Beatport also announced Beatport Cloud, which features full track playback, a management interface, and unlimited redownloads of purchased songs. [30] [31] [32] In March 2021, Beatport launched a web-based DJ application known as Beatport DJ for Link subscribers, which offers support for Bluetooth and USB-based DJ controllers from major manufacturers. [33]

Beatport stated that it had sold approximately 25.5 million songs in 2022, which accounted for approximately 12% of worldwide digital music sales. While the International Federation of the Phonographic Industry (IFPI) estimated in a 2023 report that global revenue from digital music sales had declined by 43.75% due to increased use of consumer-oriented music streaming services, [34] Beatport had an increase of 35% over the same period, due primarily to its targeting of a captive market of DJs. At the same time, its streaming services had increased by 60% in the past two years. CEO Robb McDaniels cited familiarity with the streaming model among its customers, as well as a decision to lower the prices of its music downloads amid the onset of the COVID-19 pandemic in order to attract new and returning users. [35]

In May 2022, Beatport acquired the music discovery portal LabelRadar. [36]

In February 2023, it was announced that Beatport had acquired a majority stake in International Music Summit in Ibiza. [37]

Music catalog

At launch, Beatport offered tracks from 79 electronic music labels to customers worldwide. Over the years, the company has grown and expanded its music catalog to include more artists and differentiations of the electronic genre such as house, techno, drum & bass, and dubstep.[ citation needed ]

Sales of sample packs and remix stems, in the "Beatport Sounds" section, grew from an annual revenue of $600,000 in 2010 to $39.1 million in 2015. [1]

Music on Beatport is distributed without digital rights management (DRM); songs are distributed in MP3 format, with the ability to upgrade purchases to lossless AIFF or WAV format for an additional fee.

Awards

International Dance Music Awards (IDMA)

See also

Related Research Articles

<span class="mw-page-title-main">Above & Beyond (band)</span> English electronic music group

Above & Beyond are an electronic music group consisting of English DJs Jono Grant, Tony McGuinness and Finnish DJ Paavo Siljamäki. Formed in 2000, they are the owners of London-based electronic dance music labels Anjunabeats and Anjunadeep, and also host a weekly radio show titled Group Therapy Radio. The trio has been consistently ranked among DJ Magazine's Top 100 DJs Poll, having placed at No. 6 in 2007, No. 4 in 2008 & 2009, No. 5 in 2010 & 2011, No. 51 in 2018, No. 22 in 2019, No. 19 in 2020, No. 21 in 2021, No. 30 in 2022, and most recently No. 40 in 2023.

<i>DJ Mag</i> British monthly magazine dedicated to electronic dance music and DJs

DJ Magazine is a British monthly magazine dedicated to electronic dance music and DJs. Founded in 1991, the magazine is adapted for distribution in the United Kingdom, the United States, Spain, France, Italy, Latin America, China, South Korea, Brunei, Indonesia, India, Sri Lanka, Oman, Saudi Arabia, United Arab Emirates, Canada, Russia, Belarus, and the Netherlands.

<span class="mw-page-title-main">David Guetta</span> French DJ and record producer (born 1967)

Pierre David Guetta is a French DJ and record producer. He has sold over 10 million albums and 65 million singles globally, with more than 14 billion streams. In 2011, 2020, 2021 and 2023, Guetta was voted the number one DJ in the DJ Mag Top 100 DJs poll. In 2013, Billboard ranked his song "When Love Takes Over" as the number one dance-pop collaboration of all time.

Electronic dance music (EDM) is a broad range of percussive electronic music genres originally made for nightclubs, raves, and festivals. It is generally produced for playback by DJs who create seamless selections of tracks, called a DJ mix, by segueing from one recording to another. EDM producers also perform their music live in a concert or festival setting in what is sometimes called a live PA. Since its inception EDM has expanded to include a wide range of subgenres.

<span class="mw-page-title-main">Steve Angello</span> Greek-Swedish DJ, record producer, remixer and record label owner (born 1982)

Steven Patrik Josefsson Fragogiannis, better known by his stage name Steve Angello, is a Greek–Swedish DJ, record producer, remixer and record label owner. He is a member of Swedish House Mafia, together with Axwell and Sebastian Ingrosso.

Uroš Umek, better known as DJ Umek or simply UMEK, is a Slovenian dance music producer and DJ. Musically active since 1993, he is the owner of several techno record labels. In 1999 he founded Consumer Recreation and Recycled Loops, the former of which he co-runs with Valentino Kanzyani. Recycled Loops formed the sublabel Earresistible Musick in 2001, and in 2007 Umek founded the large techno label 1605.

Lawrence Vavra is an American Media Entrepreneur and Private Equity Investor. Vavra is best known for co-founding music management company SFX Entertainment and Deckstar.

<span class="mw-page-title-main">Arty (musician)</span> Russian musician

Artem Stolyarov, known professionally as Arty and ALPHA 9, is a Russian DJ, record producer, and musician. He has collaborated with Armin van Buuren, Above & Beyond, BT, Paul van Dyk, Mat Zo, OneRepublic and Matisse & Sadko. His debut album, Glorious (2015), peaked at number 14 on the US Dance/Electronic Albums charts.

<span class="mw-page-title-main">Alesso</span> Swedish DJ and music producer (born 1991)

Alessandro Renato Rodolfo Lindblad, better known by his stage name Alesso, is a Swedish DJ and music producer.

<span class="mw-page-title-main">TomorrowWorld</span> Annual electronic music festival

TomorrowWorld was an electronic music festival, held in the Atlanta metropolitan area within the town of Chattahoochee Hills, Georgia. Held from 2013 to 2015, the festival was a spinoff of the Belgian festival Tomorrowland. The festival was owned by LiveStyle, Inc. and organized and produced by EDM promoter ID&T, a wholly owned subsidiary of LiveStyle. In its inaugural year, TomorrowWorld received a nomination for Best Music Event at the International Dance Music Awards. The festival did not return in 2016 due to the bankruptcy of the SFX entertainment and also the backlash event organizers received due to weather-related and logistical issues during the 2015 edition.

LiveStyle, Inc. is a Los Angeles-based live events conglomerate founded by media entrepreneur Robert F. X. Sillerman. The company was formed in June 2012 as SFX Entertainment—the new incarnation of Sillerman's previous company of the same name, which was sold to Clear Channel Communications in 2000 and later spun-off as Live Nation in 2005.

Life in Color was a United States-based EDM event company, best known for their "paint party" Life in Color concert tours. The company was founded by Sebastian Solano, Paul Campbell, Lukasz Tracz and Patryk Tracz as Committee Entertainment and the concert tour Dayglow in 2006. Billed by its organizers as the "world's largest paint party", the tour features performances by electronic musicians, joined by artistic performers and the tour's signature spraying of the audience with paint throughout the show. The company changed to its current name shortly after it was acquired by Robert F. X. Sillerman's SFX Entertainment in late 2012, with the original founders remaining as partners.

<span class="mw-page-title-main">DJ Snake</span> French music producer and DJ (born 1986)

William Sami Étienne Grigahcine, known by his stage name DJ Snake, is a French music producer and DJ, first achieving international recognition in 2013 by releasing an instrumentation-oriented single called "Turn Down for What".

<span class="mw-page-title-main">Nicole Moudaber</span> Musical artist

Nicole Moudaber is a Lebanese/British event promoter, record label founder, radio personality, and DJ/producer. She is the head of her own imprint MOOD Records and runs an award-winning weekly radio show, In The MOOD.

Future house is a house music genre that emerged in the 2010s in the United Kingdom, described as a fusion of deep house, UK garage and incorporating other elements and techniques of other EDM genres. It is high in energy, generally consisting of big drops, 4/4 beats and is sonically bass heavy.

Anjunabeats is a British record label started in 2000 by producers Jonathan "Jono" Grant and Paavo Siljamäki of Above & Beyond. Initially Anjunabeats was only a trance music label, and started releasing trance-edged house in 2011. The name Anjuna comes from the name of a beach in Goa, India.

Russell Faibisch is an American music festival producer and concert promoter. He is the co-founder of the Ultra Music Festival, an outdoor electronic music festival in Miami, and creator of the Ultra Worldwide brand. He is CEO, President, and Executive producer of the Ultra organization, and is also the chairman of the board, upon which and Adam Russakoff serve. Currently, Faibisch presides over an international chain of branded music festivals, concerts, and events, which include editions spanning across Europe, Australia, Asia, Africa, South, and North America, plus globally syndicated radio broadcasts, an online YouTube channel, music films, and premieres. In April 2016, Ultra Music Festival won the DJ Mag award for “World’s Number 1 Festival,” which was voted on by over 500,000 fans worldwide. In 2008, Ultra was also given the DJ Award for “International Dance Music Festival"." In 2014, Faibisch was ranked #6 on Rolling Stone’s “Most Important People in EDM List." Later that year, Billboard named Faibisch and business partner Adam Russakoff on the “EDM Power Players - Executives List. In 2016 and 2017, both Faibisch and Russakoff were again named on Billboard’s annual “Power List of DJs and Executives." In 2017, Magnetic Magazine named Faibisch the "Industry Person of the Year."

<span class="mw-page-title-main">Gordo (DJ)</span> American DJ

Diamanté Anthony Blackmon, known professionally as Gordo and formerly known as Carnage, is a Nicaraguan-American DJ, record producer, and former rapper. Blackmon was initially known for his live performances at major music festivals such as Tomorrowland and Ultra Music Festival, also releasing his own EDM singles "Incredible" and "Toca" in 2015. His debut album, Papi Gordo was released the same year. He also occasionally performed as recording artist with close affiliation with rapper G-Eazy, although he ditched doing so with his previous stage name in favor of Gordo in 2022, where he's since worked solely as a producer.

Dancing Astronaut is an American media platform founded in 2009 that primarily covers the electronic dance music industry. The website covers concerts and festivals, reports on entertainment news, reviews music, and publishes original content syndicated across on-demand audio platforms.

References

  1. 1 2 "Beatport's Revenue Dropped By $7.5 Million Last Year". Mixmag.net. 2016-02-18. Retrieved 2016-02-18.
  2. ↑ Sisario, Ben (26 February 2013). "SFX Entertainment Buys Electronic Dance Music Site". The New York Times.
  3. ↑ "Beatport". Sonic Vista Academy. Archived from the original on 2012-06-02. Retrieved 2012-11-19.
  4. ↑ "The new Beatport puts the power back in your hands". Beatport Buzz. 2011-01-14. Archived from the original on 2015-09-30. Retrieved 2015-09-29.
  5. 1 2 "Case Study: Beatport Website". RealEyes Media Blog. 2011-01-15. Archived from the original on 2016-03-04. Retrieved 2015-09-29.
  6. ↑ Siciliano, Peter. "Introducing AIFF format". Beatport News. Archived from the original on 2013-03-11. Retrieved 24 August 2022.
  7. ↑ "Robert F. X. Sillerman Continues to Grow EDM Empire With Purchase of Beatport". The Hollywood Reporter.
  8. ↑ Sisario, Ben (26 February 2013). "SFX Entertainment Buys Electronic Dance Music Site". Media Decoder. The New York Times. Retrieved 16 April 2013.
  9. ↑ "Beatport's Matthew Adell on Shazam Deal, Why Music Biz Is a 'Disaster Model'". Billboard.biz. Archived from the original on 8 October 2016. Retrieved 21 September 2013.
  10. ↑ Constine, Josh (8 December 2013). "Beatport "Bloodbath" As Dance Music Startup Lays Off Engineers". TechCrunch . Retrieved 14 November 2019.
  11. ↑ Cameron, John (2016). "Investigating How SFX Entertainment Destroyed Beatport". We Got This Covered. Retrieved 2016-04-03.
  12. ↑ "SFX and Clear Channel Partner for Digital, Terrestrial Radio Push". Billboard.biz. Archived from the original on 11 January 2014. Retrieved 6 January 2014.
  13. ↑ "John Sykes, Robert Sillerman on New Clear Channel, SFX Partnership: 'We Want to Be the Best'". Billboard.biz. Archived from the original on 10 January 2014. Retrieved 6 January 2014.
  14. ↑ Clear Channel and SFX Strike Electronic Dance Music Marketing Deal from The Wall Street Journal (January 6, 2014)
  15. 1 2 "Beatport Aims to Be the One-Stop Streaming Shop for DJs with New Strategy". Billboard. 19 December 2014. Retrieved 9 March 2016.
  16. ↑ "Dance music service Beatport finally launches an app". The Verge. 26 March 2015. Retrieved 10 March 2016.
  17. ↑ "First Look At Beatport's Free Dance Music Streaming Service". TechCrunch. Retrieved 9 March 2016.
  18. ↑ "How Beatport hopes to become the home of electronic music". The Next Web. 24 May 2015. Retrieved 9 March 2016.
  19. ↑ McDermott, Matt (2016-03-01). "SFX to sell off Beatport". Resident Advisor. Retrieved 2016-04-03.
  20. ↑ "Universal Music buys digital marketing agency Fame House". L.A. Biz. American City Business Journals. Retrieved 2016-08-19.
  21. ↑ "SFX to Auction Off Beatport in May, Looks to Sell Fame House". Beatport. March 2016. Retrieved 9 March 2016.
  22. 1 2 "Beatport Suspends Auction and Shuts Down Streaming, News and Events Divisions". Billboard. 10 May 2016. Retrieved 11 May 2016.
  23. ↑ "Beatport "Juicing" Claims Popup in SFX Bankruptcy". Amplify. Archived from the original on 11 October 2016. Retrieved 10 October 2016.
  24. ↑ "Dance Label Wants Beatport to Prove It 'Juiced' the Charts: Report". Billboard. 14 September 2016. Retrieved 10 October 2016.
  25. ↑ Corrigan, Tom (13 September 2016). "AMR Seeks Probe of SFX Entertainment Over Digital Music Charts". Wall Street Journal. Retrieved 10 October 2016.
  26. ↑ "SFX Emerges From Bankruptcy with a New Name, LiveStyle, and New Leader in Randy Phillips". Billboard. 7 December 2016. Retrieved 9 February 2017.
  27. ↑ Iasimone, Ashley (17 October 2017). "Robb McDaniels Named CEO of Beatport". Billboard . Retrieved 14 November 2019.
  28. 1 2 Stutz, Colin (13 February 2019). "Beatport & DJcity Team Up to Form Beatsource for Open-Format DJs". Billboard . Retrieved 13 April 2020.
  29. ↑ Bain, Katie (19 August 2019). "A-Trak Joins Board of Managers at Beatsource: Exclusive". Billboard . Retrieved 13 April 2020.
  30. ↑ "Beatport reveals new DJ subscription service, Beatport LINK". Mixmag. Retrieved 2019-05-16.
  31. ↑ "Beatport Announces DJ Subscription Service 'Beatport LINK'". Billboard. 14 May 2019. Retrieved 2019-05-16.
  32. ↑ Sanchez, Daniel (2019-05-14). "Aimed at Professional DJs, Beatport Unveils Two Subscription Services — Link and Cloud". Digital Music News. Retrieved 2019-05-16.
  33. ↑ "Beatport DJ allows you to mix tunes on your internet browser". Mixmag. Retrieved 2023-11-30.
  34. ↑ Smirke, Richard (2023-03-22). "Five Takeaways From the 2023 IFPI Global Music Report". Billboard. Retrieved 2023-11-30.
  35. ↑ Narozniak, Rachel (2023-04-14). "As Music Downloads Tank, DJs' Favorite Platform Beatport Is Selling More Than Ever". Billboard. Retrieved 2023-11-30.
  36. ↑ "Beatport acquires music discovery portal LabelRadar". Music Business Worldwide. 2022-05-26. Retrieved 2022-05-26.
  37. ↑ "Beatport acquires majority stake in Ibiza's International Music Summit". Mixmag. Retrieved 2023-02-01.
  38. ↑ "30th Annual International Dance Music Awards - Winter Music Conference 2015 - WMC 2015". Wintermusicconference.com. Archived from the original on 2016-08-18. Retrieved 2015-05-08.
  39. ↑ "30th Annual International Dance Music Awards - Winter Music Conference 2015 - WMC 2015". Wintermusicconference.com. Archived from the original on 2016-08-21. Retrieved 2015-05-08.
  40. ↑ "30th Annual International Dance Music Awards - Winter Music Conference 2015 - WMC 2015". Wintermusicconference.com. Archived from the original on 2016-03-08. Retrieved 2015-05-08.
  41. ↑ "30th Annual International Dance Music Awards - Winter Music Conference 2015 - WMC 2015". Wintermusicconference.com. Archived from the original on 2018-09-02. Retrieved 2015-05-08.
  42. ↑ "30th Annual International Dance Music Awards - Winter Music Conference 2015 - WMC 2015". Wintermusicconference.com. Archived from the original on 2012-03-25. Retrieved 2015-05-08.
  43. ↑ "30th Annual International Dance Music Awards - Winter Music Conference 2015 - WMC 2015". Wintermusicconference.com. Archived from the original on 2012-01-29. Retrieved 2015-05-08.
  44. ↑ "30th Annual International Dance Music Awards - Winter Music Conference 2015 - WMC 2015". Wintermusicconference.com. Archived from the original on 2013-03-07. Retrieved 2015-05-08.
  45. ↑ "30th Annual International Dance Music Awards - Winter Music Conference 2015 - WMC 2015". Wintermusicconference.com. Archived from the original on 2014-03-12. Retrieved 2015-05-08.
  46. ↑ "30th Annual International Dance Music Awards - Winter Music Conference 2015 - WMC 2015". Wintermusicconference.com. Archived from the original on 2017-04-06. Retrieved 2015-12-23.

Further reading

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.