Tuesday, 21 April 2015
EDM worth $6.2 billion globally
The EDM business in North America is worth about $1.9 billion according to research presented at IMS Engage in LA. That figure includes recorded music sales and streams, DJ technology sales, and festival and club income. Kevin Watson of Danceonomics said that North America now accounts for about 30% of the wider EDM industry, which he values at $6.2 billion. Watson said that his research showed that dance track sales accounted for 4.6% of overall track sales in North America last year, an all time high, while EDM was now the fourth most popular genre on streaming platforms, accounting for 7% of streams in the US and 10% in Canada. You can download the report in return for an email address at www.danceonomics.com.