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The Party Bubble: Too Many Nightclubs?
The Party Bubble: Too Many Nightclubs?

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AIR DATE: May 2, 2013

Hakkasan Las Vegas is one of the biggest nightclubs in the United States, and the latest testament to the importance of electronic dance music and nightlife to major hotel-casinos. But how much larger can the nightclub industry get? As DJ fees get bigger and bigger, industry observers are increasingly wondering whether electronic dance music may be experiencing a bubble. We'll talk to one expert on the business of entertainment on what the new club means for the dance music industry.

Annual Income For Top Ten Highest Paid DJs (Forbes)

 1. Tiesto -- $22 million

 2. Skrillex -- $15 million

 3. Swedish House Mafia -- $14 million

 4. David Guetta -- $13.5 million

 5. Steve Aoki -- $12 million

 6. Deadmau5 -- $11.5 million

 7. DJ Pauly D -- $11 million

 8. Kaskade -- $10 million

 9. Afrojack -- $9 million

10. Avicii -- $7 million

GUEST

Ryan Mac, writer, Forbes

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    COMMENTS:
    Leave to the government to kill the Golden Goose. The existing entertainment tax--in the "Entertainment Capital of the World", no less--has already killed opportunities for young people to gain the necessary experience to develop professional bands, dance groups, etc. because most venues cannot afford to let them play: The entertainment tax on all food and liquor sales is a killer. In the future the "Entertainment Capital" will have to seek talent elsewhere. Now the government is out to kill the Clubs and the EDC--the most dynamic sector of Las Vegas' economy! And for what? To channel still more money into the least productive sector of the economy: government bureaucrats.
    Edmund UehlingMay 7, 2013 09:23:08 AM
    Have faith that the free market will shake things out and determine which clubs and how many people want and need. It's the owners that are risking their own money in an attempt to make good returns on their investment. So, ss long as taxpayers are not going to be asked to bail them out, who cares?
    Tom HurstApr 26, 2013 16:39:18 PM
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