A report produced by the Association for Electronic Music (AFEM) values the Electronic Music Industry at a massive $6.2 billion dollars. The report was issued during the International Music Summit (IMS) in Ibiza, Spain and produced this number based on revenue from recorded music sales, global club gigs, streaming/video services, DJ software/hardware sales, value from social music platforms (e.g. Soundcloud), DJ earnings from “other ventures”, festival revenue, and even Las Vegas club dates, alone, adding $800 million to the pot. IMS also reports that in the U.S., the electric/dance genre is the” only genre to post year-over-year sales gains in 2013.” DJs’ earnings have nearly doubled since 2012, if you reference the top 10 DJs on Forbes’ 2013 Electronic Cash Kings. Some say that EDM market has ballooned and will undoubtedly pop soon. I guess we will have to wait and see, but that one expensive balloon.
above chart presented at the conference
view the entire presentation here: http://www.internationalmusicsummit.com/img/stand_alone_files/file/original/ims-business-report-2014-vfinal-12.pdf
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