Top earning DJs net worth lowest since 2013
Although top earning DJs are making less, they’re still pocketing millions.
Ah, the plight of the rich and famous; To not make as many millions as you did before. Although, it does paint a bigger picture of supply and demand within the dance music industry.
According to a report from the 2019 International Music Summit in Ibiza (IMS Ibiza), the world’s highest-paid DJs are earning the lowest amount since 2013.
The top 10 highest-paid DJs in the most current Forbes list saw an overall decline in earnings, bringing in a combined total of $261 million- the lowest since 2013.
The decline may have something to do with attendance numbers in Las Vegas- the world’s most financially significant club market- where a mere 7% of visitors attended a dance event last year, less than half the number in 2016.
The bigger picture
A decline in earnings points to a decline in interest, doesn’t it?
This can be seen through the general decline of dance music’s share in the global music market over the previous 12 months to December 2018.
The UK suffered the biggest decline, from 11.6% to 9.5%.
In the US, dance music’s slice of the pie dropped from 3.5 to 3%.
On the other hand, Germany and Canada saw dance music genre’s grow between the same months.
Is dance music in danger? Probably not. It’s still ranked as the 3rd most popular music style, garnering 1.5 billion listeners worldwide.
There’s also the dance music crossover into mainstream pop which is dominating airwaves and then there’s a relatively new market seeing growth- Dance Music’s crossover into the video game kingdom, which in itself is worth 7 times more than the dance music industry.
Top earning DJs may be making less than in 2013, but they’re still cashing in big time.