The Beatport Group Acquires Majority Stake In IMS Ibiza

Acquisition

THE BEATPORT GROUP has acquired a majority stake in the INTERNATIONAL MUSIC SUMMIT (IMS) IBIZA, the annual three-day EDM event hosted by BBC RADIO 1's PETE TONG and JAGUAR.

IMS has become one of the most impactful gatherings for the global DJ and dance music industries, and everyone at BEATPORT is excited to take this brand to the next level,” said BEATPORT CEO ROBB MCDANIELS. “We look forward to partnering with PETE, (founding partner) BEN (TURNER) and the entire IMS team to broaden the IMS footprint as a major component of our plan to expand the BEATPORT brand around the world through community, education, and thought leadership initiatives.”

TURNER, TONG, and fellow founding partners DANNY WHITTLE, MARK NETTO, and SIMEON FRIEND issued a joint statement saying, “We are very proud of what we’ve built at IMS over these past 16 years, driving the narrative and agenda of the culture forward from the genre’s spiritual home of IBIZA. Aligning with BEATPORT, who have been supporters of IMS from our inception, will enable us to action many of our ideas on how to continue to grow the platform all year round; to further educate and mentor the next generation; and to help focus the industry’s attention on the issues that matter. It will help increase our ability to have more impact for the genre.”

The event will be held for the fourteenth time this APRIL 26-28 at DESTINO PACHA IBIZA.

« see more Net News