Connect with us

Hi, what are you looking for?

EDM News

Global EDM Market Hits $7.4 Billion, IMS Reports

The overall EDM market grew 3% last year, according to the latest IMS Business Report.

The global EDM business as a whole was worth $6.9 billion last year, but the new IMS Business Report states the dance music industry is now worth a staggering $7.4 billion (£5.7bn). The United States and UK claim a good portion of the market and account for the highest number of EDM streams on music platforms.

According to the report, streaming subscriptions have jumped up by 65% overall but it was lead by dance and electronic genres. As a whole, electronic dance music makes up roughly 12 billion monthly streams on all of the platforms.

According to the IMS Business Report, brands also provided a huge source of revenue for the EDM industry. The iconic Ministry of Sound Recording was acquired by Sony Music UK for $87 million in August 2016 while the Pacha Group sold to Trilantic Capital Partners for $391 million.

Read the full report here.

You May Also Like

New Music

Teddy Swims and Illenium joined forces for the emotive masterpiece, “All That Really Matters,” a melodic classic that blends Swims's soulful vocals with Illenium's...

New Music

Grammy-winning artist and Brainjack Records founder, Damon Sharpe, teams up with the exceptionally talented Viiq for their latest release, “Wherever You Go.” Released through...

House

“Arcade” the infectious tune that swiftly ascended to popularity on TikTok, has now etched its mark on the prestigious Billboard dance charts. With a...

EDM Sauce Guides

Portable Speaker
Best 2 Person Tents
Best EDM Outfits