[1][2] IBMI was established on October 31, 1996 by broadcast veteran Roberto Bacsal and businessman Rene Palma as a media outlet for the then-newly acquired DWWW.
[3] In 2010, Antonio "Tonyboy" Cojuangco Jr. acquired a non-controlling share of IBMI and transferred ownership of ABC Development Corporation's former radio stations, collectively known as Dream FM Network, into the former.
In November 2011, IBMI moved to its new home in Atlanta Center, San Juan, Metro Manila after Radio Mindanao Network took over DWWW's operations.
In 2012, RMN's parent company, EDCanoy Prime Holdings, acquired 49% of IBMI.
[4] On March 7, 2016, Philippine President Benigno C. Aquino III signed Republic Act No.