Calling all DJs/Producers: Watch this keynote interview with Bob Lefsetz

Bob Lefsetz is a veteran in the music business that has garnered a lot of attention by his provocative email newsletter called the Lefsetz letter. He may be new to the whole electronic dance music scene but he delivered a no-holds barred talk with Pete Tong at IMS Ibiza that is well worth watching. Bob Lefsetz offers up solid advice for DJs/Producers who are trying to make it in the music business. His no filtered approach to public speaking is a lot of fun to watch, check it out:

Read the most enlightening tweets from day 1 of IMS Ibiza

The International Music Summit (IMS) is an annual conference set in Ibiza each May that attracts some of the brightest minds in electronic dance music to discuss a variety of topics of interest. For those like myself who didn't get the chance to attend live, IMS Ibiza provided a means to catch the most notable quotes via Twitter using the hashtag #IMSibiza. Here are the most enlightening tweets from day 1 of the summit that could be of interest to anyone interested in the industry side of the EDM world:

Dance music industry is worth $4.5 billion annually according to #IMSibiza business report :O 💰💰💰

— MOX (@MOX_TV) May 22, 2013

2011-2012 saw a 36% growth in digital sales of dance / electronic tracks - highest of any genre. #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

u.s. dance music festi capacity up 50% every year since '07 - 1.4m in 2012 #imsibiza vegas clubs $645m revenue @ibizarre

— ade ibiza (@blogibiza) May 22, 2013

"You're seeing the cultural plotting of electronic music now; the 'boom boom' is just the beginning." -Marc Geiger, William Morris #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

dance industry needs to clean up their meta data - general consumer is not having a good experience on spotify, youtube etc #imsibiza

— ade ibiza (@blogibiza) May 22, 2013

"DJs started out as the everyman, but they're not anymore - they're stars. We need more stars; interest goes up." -Marc Geiger #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

As an industry, we gotta clean up our shit. We need to build good filters. @imsibiza #IMSibiza Show us your filter @sebmixmag

— BridgetMixmag (@BridgetMixmag) May 22, 2013

"It was a struggle to get where we are, let's enjoy that we have access to the highest levels... but let's keep the authenticity." #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

"Forget the arms race of the light show. We need to see the DJ that turns into David Bowie & wows us creatively." -William Morris #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

A first for IMS!! @cnn are in attendance interviewing for an electronic music documentary! #BeyondTheBoomBoom #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

"Artists shouldn't charge the same as Vegas pays. Vegas has huge income streams of hotels, casinos, and food/bev." -Shelly Finkel #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

^ Could this be one of the reason for $400 early bird GA pricing for the Ultra Music Festival?

Shelly Finkel hints that SFX will soon announce more acquisitions over the course of the next several weeks. #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

"If you're not getting hate mail, you're a nobody." -@lefsetz #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

"Play to your core audience. Don't try so hard to get new people - your core will get them for you!" -@lefsetz #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

"If you're watching TV and you're relaxing, you'll never be successful." -@lefsetz #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

"Forget piracy... downloads... STREAMING WON!" -@lefsetz #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

"Facebook has become passé. Get a website and Wikipedia." -@lefsetz #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

"@google entering the streaming market last week was like somebody building a stadium - the game just got big." -@lefsetz #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013

"Forget the arms race of the light show. We need to see the DJ that turns into David Bowie & wows us creatively." -William Morris #IMSibiza

— IMS Ibiza (@IMSibiza) May 22, 2013