Nightclubs
French entrepreneur Yann Pissenem, who controls Ushuaïa, Hï and UNVRS nightclubs in Ibiza, spoke with Pete Tong at the International Music Summit (IMS). He called for balance in the tourist season's length while noting its economic benefits. Pissenem runs an empire accounting for a third of the island's GDP.
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The UK's nightclub sector has criticized the government's recent decision to exclude them from a new business rates relief scheme, despite a U-turn providing support for pubs and live music venues. Industry leaders warn that this oversight could accelerate venue closures amid a 32% drop in nightclubs since 2017. The Night Time Industries Association argues the policy undermines the cultural and economic value of electronic music spaces.