The annual IMS Business Report was presented today at IMS Ibiza. The dance industry conference annually presents the report, which breaks down notable growth sectors of the scene and also provides a yearly valuation of the worldwide industry., who presented it today to a packed room. These are eight of the key findings.1. The Global Dance Music Industry Grew By 34% In 2022, Reaching a Value Of $11.
This number is 16% higher than it was before the pandemic, during which the value of the global industry reached historic lows as live events shut down. But, the report states, “2022 saw festivals and clubs rebound, finally shaking off most of the effects of the pandemic, representing nearly half of all dance industry revenues.”
The report notes that hardware and software combined were the next largest revenue source, but also the slowest growing. Music rights around recording and publishing grew by 14,% representing just under a fifth of the overall total. 2. The U.S., Germany & U.K. Have the Three Biggest Spotify Monthly Listener Bases for Electronic Music
This makes sense, given that these countries are also three of the world’s biggest music markets. But while Netherlands and Australia are smaller, they are multiple times higher as a share of the total population . This means that electronic music simply has more cultural reach and impact here in these two countries.Electronic music’s fanbase growth is happening most powerfully on social platforms, and TikTok especially. Here it’s growing 10 times faster than hip hop.
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