IMS report reveals electronic music industry down 2%
The latest edition of the annual IMS Ibiza report has been released, showing a levelling off for a maturing business after years of huge growth
News By | 24 May 2018
The International Music Summit (IMS) business report from the annual conference in Ibiza this year has just been released, and after the incredible growth of EDM in the past few years it seems like the electronic music industry is finally slowing down.
The value of the global industry fell 2%, to US$7.2bn, in 2017, down from $7.4bn the previous year.
As the IMS report shows, whilst overall recorded music revenue in North America grew by 12.8% last year, dance/electronic music…
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