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The EDM Business Is Worth $6.2 Billion

As per a new report issued at the International Music Summit in Ibiza, Spain on Wednesday May 21st, Electronic Dance Music is said to be a $6.2 billion global industry.

The Association for Electronic Music (AFEM) said that festivals were worth $1.03 billion, Las Vegas club dates were worth $800 million, global club gigs were worth $2.4 billion, traditional record music sales were worth $800 million, streaming/video services were worth $600 million, sales of DJ software and hardware were worth $360 million, SoundCloud was worth $140 million and finally DJ earnings from other ventures was worth $60 million.
Electronic Music 6.2 Billion

[Source: Billboard]

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