The EDM Industry is now worth $6.2 Billion

A recent article by Huffington Post highlighted the changing face of music over the years, progressing from vinyls to 8-track to cassettes to CD’s and now to digital downloads. The article also touched upon the emergence of EDM, stating that it’s an industry worth $6.2 billion!

“People finally realize that electronic music isn’t a fad- it’s a new epoch that’s here to stay. ecause electronic sounds are becoming more the norm, infusing dance music with live sounds has a more exotic feel than ever. The guitar riff in Avicii’s “Wake Me Up” is so catchy precisely because, now, it stands out. I have a sense success will go to those who best fuse intoxicating electronic with unique live sounds.” said DJ Don Vaughn.

The advent of downloading music digitally or streaming it on various streaming services available online, while also heavily relying on social media to promote music has really driven music sales, making it more accessible to fans.

Dance music has come a long way after getting mainstream popularity in late 2012 and 2013, with artists like Avicii, Swedish House Mafia, David Guetta, Tiesto etc all hitting the jackpot, and with multiple festivals like Ultra Music Festival, Tomorrowland and EDC going places, it sure shows that dance music is getting bigger by time.

Source: Huffington Post