How much is the EDM industry worth?
How much is the EDM industry worth?
The global economic value of the EDM Industry is currently estimated at $7.1 Billion.
How much money does the EDM industry make?
Even Avicii, who closes the list at number ten, earned an impressive $7 million. As a whole, the EDM industry is worth approximately $4 billion per year. According to the International Music Summer (IMS) Consumer Report 2012, EDM is the fastest growing mainstream genre in the United States.
Is EDM growing?
The Global EDM market is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2026. In 2020, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
What country is EDM most popular?
Some of the world’s top EDM musicians come from Sweden, and their home country is a great place to explore for festivals and raves….It is no surprise that some of the most popular raves are in Sweden, the country that gave us artists like:
- Swedish House Mafia.
- Avicii.
- Alesso.
Is EDM growing in popularity?
We’re here to tell you not to worry because the future of EDM is looking brighter than ever, because the major US EDM festivals expand globally. A good indication of EDM’s increasing vitality is the local and global expansion of major EDM festivals.
Is EDM more popular in Europe?
This is a huge reason techno (now broadly referred to as EDM or electronic dance music) is so popular across all of Europe. The other major reason is that unlike America, the discotheque is still going strong in Europe.
Is EDM becoming more popular?
We’re here to tell you not to worry because the future of EDM is looking brighter than ever, because the major US EDM festivals expand globally. Fueled by popular demand, it is becoming increasingly common for an EDM festival to add an extra day to its schedule.
Is EDM still popular in 2021?
EDM genres like Trap and Future Bass have constantly been trending over the past few years, EDM is currently sitting as the third most popular genre in the world, with Hip Hop and Pop/RnB still in the top.
Is the EDM scene dying?
Yes, EDM is still a thing. But it slowly become more pop-ish and mainstream-friendly genre. EDM was at its peak when the time genres like trance, drum&bass, dubstep and progressive house were popular.
Where is the EDM capital of the world?
An island in Spain called Ibiza is considered the electronic dance music capital of the world. Being the largest dance centered resort, the island contains some of the biggest and most popular night clubs in the world.
Is EDM on the decline?
Anderson says EDM blew up to the point that “the captain of the football team/valedictorian/class president was all of a sudden in neon and attending all these exciting EDM raves.” But the dance music genre has declined in streaming, from 4.4% of the market in 2017 to 3.8% last year, according to MRC Data.
Updated 07/06/2019 EDM club nights generated $965 million in 2018 ~160,000,000 EDM festival tickets were sold annually. YouTube EDM track releases have seen 3.3 billion views 49% of EDM listeners are female. The global economic value of the EDM Industry is currently estimated at $7.9 Billion.
How many electronic dance music (EDM) albums sold in 2016?
In 2014, there were 12 EDM specific albums that were known in the top 100 selling albums during that year. in 2016 there were 36. This means that 12 albums, covered in electronic dance music, sold enough albums to be in the top 100 albums for that year.
Is electronic dance music the future of the music industry?
What is even more peculiar is that electronic dance music is nothing new. What we commonly identify as EDM has been around for nearly 45 years, yet it has only recently been acknowledged as the way forward for the struggling music industry.
What happened to electronic music sales in 2015?
Sales of electronic and dance music were also down relative to the larger music industry. In 2014, Nielsen said, the genre accounted for 4.6% of all music sales in the U.S. In 2015 so far, that number is down to 4.2%. So far in 2015, EDM fans in the United States have purchased 2.7 million albums and 24.7 million tracks.
