Hi MPIX gang! How significant is this line from the Dec. 9th press release?
As noted by UBS analyst John Janedis, "Electronic dance music (EDM) is one of the most popular music and fastest growing music genres in the world, particularly among the millennial generation with a history of 20+ years of mainstream popularity in Europe." He valued the EDM industry to be one worth $4.5 billion, and estimated EDM sponsorship could bring in $150 million worldwide by 2015.
http://finance.yahoo.com/news/mindpix-mpix-pr...00358.html John Janedis is a media analyst. He recently was at the Global Media and Communications Conference on 12-10-13 one day after MPIX announces the Webcast of the (EDM) festival in 2014. So what does this tell us? With the upcoming Wall Street Conference on Thursday I would think that analysts will be there to cover the event. I'm looking forward to knowing how this turns out!
$$ MPIX $$