By BACKLINE MAGAZINE
Yesterday, (May 21), the International Music Summit (IMS) in Ibiza, Spain, reported that Electronic dance music aka EDM is a lucrative $6.2 billion global industry
The trade group, Association for Electronic Music (AFEM), as reported by Andrew Hampp, for Billboard Magazine, compiled the figures. This includes "revenue from festivals ($1.03 billion); Las Vegas club dates ($800 million) and miscellaneous global club gigs ($2.4 billion); traditional recorded music sales ($800 million) and streaming/video services ($600 million); sales of DJ software and hardware ($360 million); DJ earnings from other ventures ($60 million) and value from other platforms like Soundcloud ($140 million)".
The trade group, Association for Electronic Music (AFEM), as reported by Andrew Hampp, for Billboard Magazine, compiled the figures. This includes "revenue from festivals ($1.03 billion); Las Vegas club dates ($800 million) and miscellaneous global club gigs ($2.4 billion); traditional recorded music sales ($800 million) and streaming/video services ($600 million); sales of DJ software and hardware ($360 million); DJ earnings from other ventures ($60 million) and value from other platforms like Soundcloud ($140 million)".
In addition, IMS reported that electronic/dance music sales in the U.S. is the only genre to post year-over-year sales gains in 2013, as well as DJs’ earnings, with the top 10 DJs on Forbes’ 2013 Electronic Cash Kings list, earning a combined $225 million, almost twice the $114 million earned by the top 10 in 2012.
source: billboard
source: billboard
No comments:
Post a Comment