Business

IMI Launches Top 20 International Singles Charts India

IMI Launches Top 20 International Singles Charts India

The IMI charts are the first ever formal launch by the Indian Music Industry to provide a concise, factual and real time chart system for its stakeholders to refer to.

The Indian Music Industry (IMI), the organisation that represents the recorded music industry in India, today released its first-ever International Top 20 Singles Chart India. The charts which are formulated using streaming figures of international singles are compiled by global music technology leaders BMAT will be updated weekly on Mondays by sundown. Every week from Friday to Thursday BMAT aggregates and consolidates the data from three leading international DSPs (Digital Service Providers) in the country – Spotify, Apple Music, and Amazon Music. The Top 20 chart is reviewed by the IMI Charts committee comprised of experts from record labels such as Universal Music Group, Sony Music Entertainment, Times Music, and Warner Music Group. The aim of the IMI International Top 20 Singles Chart is to make it easy for music enthusiasts to discover fresh and exciting music. “Launching an official chart based on actual streaming data is an important step towards bringing the Indian music market in line with the rest of the world. Indian music fans are some of the most engaged listeners in the world, known for embracing music from all genres, languages and countries. With the testing phase successfully behind us, we are grateful to our global partners BMAT for helping to make this happen and while we start out with an international chart, we look forward to seeing mixed national charts.", shared Devraj Sanyal, Managing Director & CEO, Universal Music Group, India & South Asia Rajat Kakar, Managing Director India, Sony Music Entertainment , said,  “Sony Music India is delighted at the launch of the first ever official Indian Music Industry charts. This is a landmark moment as music listeners can now get unbiased International Music Charts which are based on actual consumption data across leading streaming service providers. This will pave the way for growth of global music amongst Indian fans with significantly higher engagement and also put India firmly on the Global Music map!.” “The IMI charts are the first ever formal launch by the Indian Music Industry to provide a concise, factual and real time chart system for its stakeholders to refer to. The mechanism to arrive at the charts is industry grade and is collated from data analysed across all verticals and as such will be the definitive charts for Indian consumers and global stakeholders. Times Music is proud to be part of this initiative, “ shared, Mandar Thakur, COO, Times Music Jay Mehta, Managing Director, Warner Music Group   added, “Warner Music Group India is excited to be involved with this project. Exponential growth of smart phones coupled with a plethora of streaming services has taken international recorded music to the remotest part of India. International music today is no longer a metro or city centric genre its pan India, and the IMI International Charts will be a true representation of what India listens to. “ Blaise Fernandes, CEO & President, IMI said,  “I am delighted to launch the International Charts - an inaugural consumer-centric foray by IMI, which is largely a recorded music trade body. The charts represent what consumers in India are listening to. Globally charts are an effective search and discovery tool, I expect the same to happen in India. Given our country’s socio-eco-cultural diversity, the charts roll out will be in phases. Phase two will see the launch of regional charts in two Indian regional languages. Once we get the operations and formulae right, we plan to launch the IMI NATIONAL CHARTS - our endeavour to highlight the music consumers in India enjoy - on a weekly basis.” – “IMI is proud to present the first phase of our IMI India charts roll out, we have outsourced the entire process to BMAT, a recognised global brand in the music ecosystem, associated with music charts in over 22 countries. The DSP’s or streaming platforms share consumer data with BMAT. The data is then processed, as per international norms, giving the charts 100% transparency and accuracy” said, Dema Therese Maria, Lead Charts & Certifications, IMI . “The introduction of the IMI International Top 20 Singles Chart is a great milestone for music in India and is an important step in the development of further charts to capture the full extent of India’s unique music culture and the vibrant and growing music industry in the market”, shared, Lewis Morrison, Head of Global Charts and Certifications, IFPI "As the official charts compilers for 22 countries alongside IFPI, we’re excited to be partnering with IMI to do India's charts. It’s a pleasure to be using our technical expertise to keep India up to date on their huge streaming market as well as help them make their culture more accessible to international consumers”, said  Enric Calabuig, VP Charts, BMAT. The members of IMI Charts Committee include--Rajat Kakar, Managing Director India, Sony Music Entertainment Arjun Sankalia, Sr. Director, Sony Music Entertainment Mandar Thakur, COO, Times Music Vinit Thakkar, Chief Operating Officer, Universal Music India Jay Mehta, Managing Director, Warner Music Group Blaise Fernandes, CEO & President, IMI Dema Therese Maria, Lead Charts & Certifications, IMI.

Related News

TIPS Industries Records 29% Revenue Growth And 66% PAT Surge

The report showcases significant growth across various financial metrics, underlining the company's robust performance amidst a dynamic market landscape.

April 29, 2024

Warner Music Group Unveils Warner Music South Asia Under Jay...

Operating from Dubai, Warner Music South Asia will be led by Jay Mehta, in collaboration with Alfonso Perez Soto, the....

April 15, 2024

TuneCore Teams Up With PreSonus Studio For Seamless Music Distribution

Through its distribution services, artists can sell their on major stores and streaming platforms while retaining full ownership.

April 03, 2024

YouTube Expands 'Music AI Incubator' To Japan: Pioneering Collaboration In...

Their inaugural partner was Universal Music Group, which enlisted a steering group of artists and producers to guide the initiative's....

March 27, 2024