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

EDM News

We recently saw someone ask ChatGPT who were the worst rappers of all time and while we didn't want to find who they think...

#EDM Articles

Marcus432 is a rising star in the music industry, originally from the Bay Area in California. Despite having a background in construction management, Marcus...


With the growth of the electronic music scene, raves have become increasingly popular in recent years. There's something about the combination of pulsing music,...


EDM Sauce Guides

Portable Speaker
Best 2 Person Tents
Best EDM Outfits

Artist of the Week

Artist of the Week

Good afternoon and welcome to our next Artist of the Week, InteliDey. Hypnotic AI is a hypnotic LoFi hiphop music track created by an...