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
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