Your EDM
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord
No Result
View All Result
Your EDM
No Result
View All Result
Home Editorial

IMS Shares The Most Important Factors For EDM’s Success

by Timmy Kusnierek
May 31, 2016
in Editorial, EDM News, Featured, Music
Woman Stabbed At Art Basel; Patrons Think It’s Art

IMS just shared their yearly business report, and apart from being a treasure trove of important analytics, they’ve outlined the biggest factors regarding electronic dance music’s continued growth.

More than 90% of the focus group’s respondents said that structuring a revenue model for streaming was the most important factor for the EDM industry. We couldn’t agree more, as Warner Music Group already claims their streaming sector is their highest grossing segment, and considering Apple’s stream-focused fortification.

More surprising, however, is the second most important factor as elected by the focus group: harm reduction regarding drug use.

For an industry to acknowledge drug related deaths as being associated with its music is a pretty big deal. We can only hope to see festivals and events implement more precautionary and educational measures, and no that doesn’t mean more security (we already know how that goes).

Appropriate coordination with government officials to work out proper regulation and legislation regarding electronic dance music was the third most important factor. This likely means a likely re-visit of the much talked about RAVE act as well as noise ordinances (looking at you Red Rocks).

Screen Shot 2016-05-27 at 5.32.10 PM

These figures were drawn from industry 163 respondents, 32 of which were female. It should be noted that of the female respondents, incorporating a higher percentage of females into the industry was reported as the second most important factor. However, because of the women’s minority presence in the focus group, this particular factor only weighed in as the sixth most important factor.

Screen Shot 2016-05-27 at 5.29.48 PM

 

H/T IMS Business Report 2016 by KevinWatson.net

Tags: drugsFemale DJsHarm Reductionims business reportrave actrevenueStreaming
Previous Post

Everyone Wants Hodor To DJ Their Club

Next Post

Kanye West’s Personal Studio Robbed of $20,000 Worth of Equipment

Timmy Kusnierek

Timmy Kusnierek

I'm beyond thankful to give back to this incredible community which has given me so much. Dance, smile, and don't be a stranger!

Next Post
Kanye West Tries To Defend His Lyrics Against Taylor Swift In “Famous”

Kanye West's Personal Studio Robbed of $20,000 Worth of Equipment

No Result
View All Result

Facebook Twitter Instagram Twitch

Our Company

  • Contact Us
  • Join the community

Our Policies

  • Privacy Policy
  • Cookie Policy
  • Terms of Use
© 2020 Your EDM, LLC - All Rights Reserved
No Result
View All Result
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord

© 2020 Your EDM, LLC - All Rights Reserved