Published
Wed, Feb 1, 2023, 12:50
- The acquisition is part of a plan "to expand the Beatport brand around the world," said CEO Robb McDaniels.
The Beatport Group has acquired a majority stake in International Music Summit (IMS) Ibiza.
Announced in a statement yesterday, January 31st, Beatport said the partnership "will enhance and secure the future growth and expansion plans of the IMS business platform."
The acquisition consolidates a longstanding relationship between Beatport and IMS. Most recently, Beatport powered the IMS College platform alongside Microsoft Surface and Point Blank Music School at IMS 2022.
"We look forward to partnering with Pete, Ben 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," said Beatport CEO Robb McDaniels.
The IMS founders added: "We're 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."
Cofounded by Pete Tong and Ben Turner in 2007, the annual IMS Ibiza conference consists of seminars, keynote interviews, technology masterclasses, live performances and industry networking opportunities. IMS Ibiza 2023 will take place from April 26th through 28th at Destino. Head to the website for more information.
Read Beatport's statement in full.
Photo: David Holderbach