There were some very positive statistics on show in this years IMS Business Report.
As part of the IMS Conference in Ibiza, Kevin Watson from danceonomics reveals an annual report on the current state of the dance music industry. There was some big headlines in this years report, check out just some of them below..
– Electronic music industry is now worth 7.1 billion dollars (60% increase from 3 years ago)
– In the UK, streaming of dance music grew at a faster rate than any other genre in 2015
– Dance music is the 5th most popular genre streamed in the US
– Techno is now the best selling genre on Beatport in 2016 overtaking tech house
– Venezuela, China and Argentina are the top three countries with massive growth in music revenue.
– Asian clubs dominate new entries in the 2016 DJ Mag Top 100 poll. 4 clubs out of 20 are from China.
– Electronic music dominated Spotify in 2016
– Major Lazor – Lean On is the most streamed track with 540 million streams.
Read the full report now by clicking here
Find out more about the IMS conference by clicking here.