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Is Electronic Music An Attractive Magnet For Investors?

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Electronic music is not just a rapidly growing genre, but it has also become an increasingly attractive investment opportunity. Rhapsody, a streaming service, recently acquired a stake in Dubset Media, a platform that streams dance music and helps manage royalties for DJ content.

According to Rhapsody CEO Edran Rudin, the global popularity of electronic music played a significant role in their decision. As a global company available in 33 countries, they cannot overlook a genre that has gained worldwide appeal.

Rhapsody is not the only one investing in electronic music. The industry already generates an annual revenue of 56.2 billion dollars, as reported by the International Music Summit Business Report. Over the past seven months, there has been a surge in new investments in the industry. For instance, the electronic music-focused iPad magazine, Electronic Sound, secured $293,000 from the Low Carbon Innovation Fund. JustGo, a social media management tool for the electronic music market, raised $1.7 million from Rosemont Group Capital Partners and Jonas Tempel, co-founder of Beatport. Additionally, Mixify, a developer of streaming tools for DJs, received a $1.8 million investment from CMB Capital, Ministry of Sound Australia, and Australian DJ Tommy Trash.


The increase in venture capital can be attributed to the potential for Western creators and companies to tap into untapped or underserved markets, according to Jamie Olsen, managing partner at CMB Capital. The global nature of electronic music allows artists to quickly scale their reach.

David Moricca, CEO of Mixify, concurs with this view. His company operates Clubcast, a product that enables DJs to perform remotely for audiences in different parts of the world. Moricca explains that while most of the talent is concentrated in the Western hemisphere, the demand for electronic music is surging in the eastern half of the world.

Hi, my name is Erick Ycaza. I have a BA in Advertising & Graphic Design. This blog is to provide you with daily music news and share my personal style.

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