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We’ve all seen clubs and restaurants that were white hot for a while and suddenly petered out after the sheen had worn off. That’s what’s happening with EDM at the moment as the scene is slowly winding down on a number of fronts.
Although some big festivals like Ultra Music can still command large crowds, they’re not the instant sellouts that they once were. In fact, many formerly successful festivals like TomorrowWorld have been cancelled this year.
Why is this happening? There are a number of reasons why the scene is said to have peaked (some say back in 2013).
Both Las Vegas and South Beach, the respective ground zero for the genre, have seen mass club closings in the last year, and SFX Entertainment, who bet heavily on investing in EDM, has declared bankruptcy.
It looks like we’re ready for a new trend. Do you see it on the horizon?