Looks like the EDM bubble is bursting according to Music Business Worldwide the Dutch label is up for sale and 2 major labels want their hands on it. Now this was expected to happen since major labels like Ministry of Sound sold to Sony music on march last year and with EDM movement not being as strong as previous years there has been a slight decline on streaming and online sales. Whispers suggest that both Sony and Warner are currently contenders to acquire Spinnin’, and that the indie is also being perused by private equity organizations. BMG, on this occasion, is not believed to be interested in joining the fray. The pricetag, we hear, is expected to be in the region of $100m.
Source: Music Business Worldwide.
