|
Article: EDM is the new American bubble
|
View this Thread in Original format
| 72hrpartyanimal |
http://www.deathandtaxesmag.com/199...merican-bubble/
Pretty Good but Longgg read about but what else... the "scene". But this talks about the economics and other smart people stuff that I don't understand. But most importantly the "bubble bursting".
Eat Molly, YOLO, Bitches. |
|
|
| pnutttty |
Bubble? He doesn't provide a very strong argument. I would consider his post more of a general 'rant'. lol
I think the dance music industry will continue to grow and evolve. (Prior to EDM, industry called it Electronica.) And I appreciate the capital investment in US dance market - smart move imo -- see the long term success in European market.
I'm wearing my COMME des DOWN hat as I type this. |
|
|
| 72hrpartyanimal |
| rant is definitely probably a better term. But has anyone noticed that there has been A LOT more "rants" about the "EDM Scene"? |
|
|
| pnutttty |
As the industry continues to grow, more people get involved, that means that many more opinions.
Also, don't forget the "it's not like it used to be" argument aka "back in the day" rants. |
|
|
| jonmitz |
| i dont even have to click on the article to know the author doesnt know what he's talking about/what a bubble is (because there isnt one and this is one of the stupidest headlines i have ever read) |
|
|
| Sadface |
I'm hesitant to really call this the new "American bubble" in the same sense as housing or tech stocks because it's not something that will have significant impacts on a national scale. The only people who will be hurt by this "bubble" bursting are the people buying festival brands and nightclubs. Furthermore, the fuel for those previous bubbles was somewhat different as investors were essentially buying homes/tech stocks to flip them. Today's EDM investors are buying clubs/festivals to actually own/operate them as businesses. They're buying into the medium-longterm viability of the EDM audience as a whole, expecting to keep selling tickets/drinks for a while instead of hoping to capitalize off the appreciation of their assets.
Of course, the longterm viability of the EDM audience is obviously worth questioning, but overall it feels like more of a culture bubble than an asset bubble.
Personally I think it's here to stay. The music might change somewhat as people get tired of "EDM", but people still love to party, and EDM is the best music for it. We will certainly see some festivals fail, but I think our future looks much more European overall. |
|
|
| bucky |
| blah blah blah about three people with a lot of money have invested buying up big companies. I stopped reading after a few paragraphs. People talk like electronic music was just created in 2010 and it never existed before. Do those few guys make a bubble? No. |
|
|
| bstorm |
| quote: |
Eat Molly, YOLO, Bitches. |
LOL....but that is certainly the "mass" attraction for those who aren't yet aware that there was a culture before Afrojack.
I spoke to a friend's 22 year old cousin the other night for about an hour (newbie who has come up with electro/pop/dubstep/trouse).
After a few minutes he was actually quite taken with the history of this thing that we all love and share.
Every chance I get, I pay homage to those who brought me in. I would venture to say that most of us here are 2nd generation and like some of you, the people who introduced me were from the 1989-1992 era.
I guess my point here is: The kids aren't all bad...they just need to be shown that its not all about the party. Music has soul and passion...there is a whole other world that the kids need to explore. Get small, get out of the festival hype...go to a UG or darker club for the music. |
|
|
| bucky |
| Nailed it. Everyone blasts the kids but we need to educate them. Many won't listen, many will. |
|
|
|
|
