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Pete Tong has expressed his concern in the dance music 'boom', saying the influx of corporate money could in fact "destroy the scene".
Writing for Music Week magazine, he said: "Success inevitably attracts attention – and now numerous extremely wealthy individuals, big business and VC funds are eager to buy into the EDM action.
“If allowed to run riot with their corporate machinery, these same people will destroy the scene. Wikipedia the word ‘stampede’ and I think you’ll get the picture.”
He adds: “Dance music’s history should come as a warning shot to all about selling the genre short and being seduced by chequebook-waving billionaires with no care or vision for the long-term game.”
Like what he's saying? Catch Pete Tong speaking more words of wisdom at Ibiza International Music Summit, where he'll be joining other dance music figureheads, all speaking about the electronic music bizz.
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