Being an EDM fanatic, an EDM Festival would be one of the top most to-do things on your list, which includes watching your favorite artists play live & the whole crowd jumping off their feet when the bass drops. The only downside to this is that it comes at a price, a very very high price.
The rising popularity of EDM and EDM festivals have led to the rising rates of concert tickets. The artists charge a bomb just to make an appearance and press the “play” button, fans are spoiled for choice with fests having multiple stages where more often than not, the good artists perform at the same time. But the common raver is only limited to his bank account, and this is the reason why many festivals don’t make a profit.
ID&T Founder Duncan Stutterheim , in a recent press conference said :
“The most popular 10% receive 90% of the pie. Of course, they make music and do it well. But it must remain in balance, which is now gone. It now is about so much money, that everything has changed. It also comes at the expense of the festival experience. At those high wages remains less over for good sound, lighting and decoration. That makes festivals less attractive. “
With EDM being at its peak, and the music getting generic, many people have started to lose interest, and this growing bubble may finally burst, says Mr. Stutterheim.
If you ever wondered , this is how much it costs to book your favorite DJ:
Calvin Harris: $350,000 – $550,000
David Guetta: $350,000
Hardwell: $100,000 +
Martin Garrix: $100,000
Afrojack: $50,000 – $100,000
Armin van Buuren: $50,000 – $100,000
Oliver Heldens: $10,000 – $30,000
Too many digits in one post!