Here we look at the growth of the Electronic Dance Music industry, its success among millennials, how the SFX debacle will effect it, and whether it has begun to plateau.
___________________________________________
In this recent piece, shared from MusicThinkTank, Matt Mannino takes a close look at the world of EDM and how it has been influenced by the SFX Entertainment’s decline.
“It is thus foolhardy to dismiss the future of EDM based on the early record of SFX. An indicator of the resilience and strength of the genre is, for that matter, the global DJ product market, which is thriving and moving $350 million in gear annually.8 Moreover, Soundcloud, where the EDM music maker culture lives, reported having 175 million unique listeners monthly and 10 million users creating music every year — many if not most of these are EDM fans.9″