Wall Street Values Dance Music Industry At $20 Billion

[yizzle]

We all know that the EDM scene is one of the biggest markets in the music scene to date. If you ever wondered how successful it is, let this following article put you in shock and disbelief.

Former Wall Street investigator and John Langdon and his company Massive Advisors, compiled The Digital Pangea, the first annual Massive White Paper showing the current reach, influence, and true value of the global EDM scene. In simple terms, “It’s an econometric market study of the global electronic dance music market and culture.”

The findings in this study are rather remarkable to say the least.

The EDM market is a $15.0 to $20.0 billion global industry, with the major players in the global festival market achieving $4.5 billion in sales for 2012. Digital music revenues grew an impressive 9.8% in 2012. This compares to a 17% increase in festival attendees at [the] five top dance music newsglobal festivals and an increase of 33% in the total number of festivals thrown yearly worldwide. The attendance at [the] 20 top global festivals evaluated by Massive Advisors, LLC increased from 1.9 million in 2009 to an estimated 3.4+ million for 2013.

This shows that the value of the EDM scene has nearly doubled in size since the last report on the study of the dance music scene has been released. Not only is the EDM scene making the music industry money, but we are one of the biggest music scenes in the world to date.

While the EDM scene is stimulating the music industry to such a degree, we are still ignored by major facets of the music industry.

Not to say that it is completely off put. With the dance music scene having such a negative perception with the rampant drug use and deaths, it is understandable that some people want to stay away. But after this report reaches the ears of those executives, you can best believe that these people who have been ignoring us for so long will be jumping at the opportunity to get involved.

Source: mixjunkies.com