Beatport Acquires Majority Stake in IMS

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The firm further solidifies their partnership ahead of this year’s Summit, the 14th version ever held.

The Beatport Group, the global leader in music for DJs and producers, announced today that it has acquired a majority stake and formed a partnership with the International Music Summit (IMS) Ibiza, the platform dedicated to creating awareness of, and appreciation for, electronic music. The bond between both parties is expected to enhance and secure the future growth and expansion plans of the IMS business platform.

IMS has been around since 2007, the year in which it was founded by five partners, including Pete Tong and…