On-line dance music retailer The Beatport Group has acquired a majority stake in Worldwide Music Summit (IMS), which owns the annual digital dance music pageant IMS Ibiza.

Monetary phrases of the acquisition, introduced Tuesday (January 31), weren’t disclosed. It got here three months earlier than the IMS Ibiza 2023 hits the stage at Destino Pacha in Ibiza.

IMS Ibiza was launched in 2007 by DJ, A&R exec and BBC Radio 1 presenter Pete Tong MBE and trade govt and artist supervisor Ben Turner, together with three different companions. Tong is being credited for taking part in a essential position within the rise of Calvin Harris.

IMS Ibiza is a three-day immersive occasion that options reside seminars, keynote interviews, expertise masterclasses, performances, and trade networking alternatives.

It was created to encourage debate and dialogue throughout the digital music trade, says Beatport.

“IMS has turn out to be some of the impactful gatherings for the worldwide DJ and dance music industries, and everybody at Beatport is worked up to take this model to the subsequent degree.”

Robb McDaniels, Beatport

“IMS has turn out to be some of the impactful gatherings for the worldwide DJ and dance music industries, and everybody at Beatport is worked up to take this model to the subsequent degree,” Beatport CEO Robb McDaniels stated.

“We stay up for partnering with Pete, Ben and the whole IMS crew to broaden the IMS footprint as a serious part of our plan to develop the Beatport model world wide by way of group, training, and thought management initiatives,” McDaniels added.

IMS additionally publishes its annual IMS Enterprise Report, which presents knowledge, evaluation and annual valuations in regards to the music trade,

Following Beatport’s acquisition of a controlling stake in IMS, IMS Ibiza will proceed to function underneath the path of its co-founders, with assist from Beatport. Tong with fellow BBC Radio 1 dance presenter Jaguar will proceed to host the annual occasion.

“We’re very pleased with what we’ve constructed at IMS over these previous 16 years, driving the narrative and agenda of the tradition ahead from the style’s non secular house of Ibiza.”

IMS founding companions

“We’re very pleased with what we’ve constructed at IMS over these previous 16 years, driving the narrative and agenda of the tradition ahead from the style’s non secular house of Ibiza,” stated IMS founding companions Ben Turner, Danny Whittle, Mark Netto, Pete Tong & Simeon Pal.

“Aligning with Beatport, who’ve been supporters of IMS from our inception, will allow us to motion lots of our concepts on the right way to proceed to develop the platform all yr spherical; to additional educate and mentor the subsequent technology; and to assist focus the trade’s consideration on the problems that matter. It would assist enhance our skill to have extra influence for the style,” they added.

The deal between Beatport and IMS follows a string of acquisitions by Beatport in latest months.

In Could 2022, the corporate acquired music discovery portal LabelRadar, which introduces artists and their music to labels, two months after Beatport purchased UK-born music trade expertise firm, Ampsuite.

Music Enterprise Worldwide