On Betty Liu's "In the Loop" (Bloomberg TV) Tuesday, October 8, 2013 one can find out about the business and wave of Electronic Dance Music or EDM. The In the Loop video segment about EDM notes that it is now a $4 billion/year business - and seems likely to grow. The report talks about the major promoter of EDM concerts - SFX Entertainment. The report is also timely in that tomorrow, Oct. 9, 2013 SFXE will be going public (link to a report from Seeking Alpha) and has released its SEC S-1 filing form.
In the attached video Tiesto (the second highest paid spinner at about $32 million/year) talks about the World AIDS Day concert in 2012. Tiesto and Deadmau5 are both listed in the Wikipedia (Tiesto and Deadmau5) - and Tiesto seems to be leading with many sold out concerts. Tiesto even shares his music player with you on his website - use the link to have a listen. But what gadgets and equipment do they use in performance? One might visit MEDMA (Michigan Electronic Dance Music Association) and their Equipment/Technology page. You might be able to find some APCs and a Maschine music production piece.
The leading EDM gadgets seem to be coming from Ableton, Akai and Native Instruments (please comment below). You can get started (no guarantees) with a Traktor S2 controller priced "about $499.00". Be warned: your digital dj-ing may expand into speakers, software and other musical EDM equipment! EDM software abounds on YouTube but may not be up-to-date. You might find Dr. Drum, BTV Solo and a video about Magix Music Maker. For smaller EDM sessions Akai offers products for the iPhone and iPad!
What about local venues? Tiesto was recently nearby but does not list anything local in the near future. MEDMA will be appearing at The Necto (734-994-5835) October 10, 2013 at 9:00 P.M.. Should you invest in tickets? - You might try calling The Necto for a description and please be sure to confirm the event and ticketing. Should you invest in EDM equipment and software? Perhaps you should try out the Akai iPhone and iPad products first? Should you invest in SFXE? At a valuation anywhere from $175 million to about "$1 billion" it's anybody's guess. However, at least 2 drug related deaths were allegedly reported at some EDM events - causing loss of life and millions of dollars.