After decades bubbling in the underground, electronic dance music -- or EDM, its loved/hated acronym -- finally went corporate in 2013, with a speed usually reserved for sports cars and Silicon Valley. Informed by American youth's intense love affair with big beats, the rapid-fire acquisitions, underwritings, partnerships and mergers have not only made overnight millionaires of formerly struggling rave promoters, they've changed the landscape of the industry forever, drawing clear battle lines in the lucrative festival market in particular.

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