Smile Radio News

Dance Music Industry Worth $7.1 Billion

Dance Music Industry Worth $7.1 BillionOther news2016-05-26T22:36:40+03:002016-05-27T20:38:42+03:00

Dance Music Industry Worth $7.1 Billion

The 2016 International Music Summit in Ibiza began Wednesday, giving industry members and fans of dance music a detailed look at the inner workings of the business.

 

In a lengthy report published by the summit, the exact growth of the industry was measured and stacked up against jumps from previous years. This time, the results are truly impressive.

 

According to the data, the industry currently sits at a $7.1 billion value, 60% more than it was just three years ago. Despite the record-setting number, however, its growth rate slowed significantly to 3.5%.

 

The future outlook is still positive, reads the chart, as it’s driven by constant growth in the streaming market, new global regions like Asia and South America opening up to the market, and the maturity of the USA market.

 

EDM still has a small market share in the scope of the entire music industry, and we can only hope it’s good enough to continue the snowball that has been this remarkable genre.

Dance Music Industry

Related news

Simon Cowell's Ultimate Dj Show Will Be "World Cup Of Edm"

Simon Cowell's Ultimate Dj Show Will Be "World Cup Of Edm"

It was on, then it was off, and now it's most certainly on. Simon Cowell's Ultimate DJ has officially been announced.   UK music mogul Simon Cowell is continuing to build his 'talent' empire with a new competition called 'Ultimate DJ'.

EDM Thriller ‘Enter the Dangerous Mind’

EDM Thriller ‘Enter the Dangerous Mind’

Some exciting news for fans of EDM and horror as Youssef Delara and Victor Teran’s Enter the Dangerous Mind, starring Jake Hoffman, Nikki Reed (Twilight, Thirteen), Thomas Dekker (A Nightmare on Elm Street), Scott Bakula, and Jason Priestley, is finally getting released!

EDM Struggles: Moby Sued For Not Clearing Samples 22 Years Ago

EDM Struggles: Moby Sued For Not Clearing Samples 22 Years Ago

It seems like we have another court battle in EDM culture, this time being another copyright case!

Surprise: New Study Finds That Dance Fans are Obsessed With Social Media

Surprise: New Study Finds That Dance Fans are Obsessed With Social Media

What makes dance devotees different from those of other genres? We’re incredibly passionate about the music we listen to – and, more than any other fan group, make our opinions known on social media.

Cake vs. Pizza – which is more safe to throw at fans?

Cake vs. Pizza – which is more safe to throw at fans?

Steve Aoki is a pioneer in many ways, most notably he blazed trails in terms of what is socially acceptable to throw at your fans during a performance. He’s known for the classic champagne shower, as popularized by 70′s and 80′s hair-metal bands, but Aoki really developed his calling card when he started throwing cakes. 

More on the topic

Deadmau5

Deadmau5 To Lead A Music Production MasterClass For Students

MasterClass, an online education platform designed to give aspiring artists and creatives the opportunity to learn from top-of-the-line talent, has just announced Deadmau5 as its latest instructor for electronic music.

Glastonbury Introduces First Women-Only Festival Zone

Glastonbury Introduces First Women-Only Festival Zone

After battling a tired lawsuit, Glastonbury Festival is bouncing back to introduce the world’s first fully stocked women’s safe space. Called “The Sisterhood,” Glastonbury’s new attraction will be staffed entirely by females, providing a “revolutionary clubhouse for any who identify as intersectional, queer, trans, or disabled.”

Glastonbury Festival Fined $45,000 For Sewage Leak

Glastonbury Festival Fined $45,000 For Sewage Leak

Glastonbury Festival is a serious beast. You may have heard of the famous UK festival for its insane music lineups, or perhaps you’ve gasped at the appalling amount of trash left behind in recent years. Now, to summon your gag reflex, Glastonbury is being fined for a sewage leak that killed 42 fish in 2014.

This is The New Ministry of Sound Logo

This is The New Ministry of Sound Logo

The Ministry of Sound logo has had an overhaul.

Pasquale Rotella Reveals Massive Plans For This Year’s Circuit Grounds

Pasquale Rotella Reveals Massive Plans For This Year’s Circuit Grounds

This year marks the 20th Anniversary of EDC, and Insomniac and founder Pasquale Rotella are not taking that milestone lightly.