IMS Business Report 2020 - Techno has been most popular genre for the past four years

We already wrote about this report but we found more info, in case you want to follow what will happen with electronic music industry. 

Pandemic greatly impacted global dance music industry, according to IMS Business Report 2020 staff, 20 hours ago  2 min read It’s all bad news for the global electronic music industry this year, according to the data-driven IMS Business Report 2020.

About 350 electronic festivals had been cancelled or rescheduled.

The most hurt countries include Germany, France, the Netherlands, the UK and the USA. Almost 9 million fans were unable to attend scheduled festivals due to restrictions and cancellations.

Clubs and festivals lose 75% of income.

Partying a huge role in Ibiza. In Ibiza last year, party-animals spent €260 million, which contributed about €0.5 billion to the economy. For perspective, a “musical tourist” spends double in comparison to a normal tourist.

Techno still the most popular electronic dance music - the fourth year in a row.

Over the past five years, dance has lost out to hip-hop/rap in the UK. Dance's share almost halved, while hip-hop’s doubled. While dance still has a high share in the UK versus other countries, it has dropped from being third most popular in 2015 to fifth overall in 2019. In contrast, hip-hop/rap has doubled share in the UK over this time, rising from the 4th to 2nd most popular genre.

Electronic Music brands have switched to live streaming in 2020 and raised millions of dollars for good causes.

More info about this report, you can find HERE. 

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