Dance Music Industry Continues To Climb, Now At $7.4 Billion Dollar Valuation

Posted at May 25th, 2017 | by Yash Vikram Singh | in Dance Music, Entertainment, Featured, News

The Dance Music industry may not be the biggest but it’s rise is commendable. It continues to grow and climb at an incredible rate. Every year the IMS business report comes out and it portrays how much the industry has actually grown.

This year it is set to be valued at $7.4 billion dollars. These stats come out right after the International Music Summit held in Ibiza. This report disseminates that there has been a rise in streaming subscriptions, 65% precisely pursuant to Spotify.

Other stats include; millennials are 40% more likely to attend a DJ club gig in the US. another take from the report was that DJ’s are gaining followers on Instagram 11 times faster than on Facebook.

IMS 2017 is still going on and there will be more facts presented in the next 3 days.

Source: YourEDM

Yash Vikram Singh

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