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Home EDM News

North American Electronic Music Industry Valued At Nearly $2 Billion

by Matthew Meadow
April 17, 2015
in EDM News
Ultra Music Festival Live Sets With Hardwell, Martin Garrix, Skrillex, Tiesto & More

In a new report by Danceonomics presented at Wednesday’s IMS Engage in Hollywood, it was detailed that the North American electronic music industry is worth approximately $1.9 billion. This accounts for nearly a third of the global electronic music revenue, taking into account “music sales and streams, festival and club income, and other sources including platforms like Soundcloud and DJ technology sales.”

In the public sphere, dance music is quickly rising in the ranks. The report found that “dance music represents the fourth most popular genre for North American streams after R&B/hip-hop, rock and pop, accounting for 7 percent of all US streaming and 10 percent of Canadian.”

Festival growth has also been a significant factor in the increased valuation of the North American electronic music industry. Although US festival growth “held steady at a 1.4 million capacity point with Ultra Music Festival switching back to one weekend,” Canada accounted for 400,000 in attendance this year.

The full report is available for download at Danceonomics.com.

 

Thank you to Billboard for the concise summary of information.

 

Image via Rudgr.com

Tags: $2 billiondanceonomicselectronic music industryIMS Engagenorth americaValuation
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Matthew Meadow

Matthew Meadow

Lover of all bass music. I'm not afraid to speak my mind and put it to paper, and I do it often. I call Los Angeles my home, there's no better place for emerging EDM. Get in touch with me more via email or Twitter.

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