European live music giant Superstruct Entertainment has acquired music platform Boiler Room from independent ticketing company DICE.
British-born ticketing platform DICE acquired UK-based electronic music-focused livestream platform Boiler Room in 2021, just one week after announcing it had raised $122 million in Series C funding.
DICE has raised more than $200 million in funding to date, including a $65 million round in August 2023 led by MUSIC, an investment firm co-founded by Matt Pincus and Liontree. It will be done. Other investors in the round were Structural Capital and Ahdritz Holding LLC, the investment vehicle of Kobalt Music founder and chairman Willard Ahdritz.
DICE’s Boiler Room sale comes six months after Bloomberg reported that DICE was in talks to sell a significant stake in the company, which could be valued at “hundreds of millions of dollars.” Ta.
Boiler Room’s sale to Superstruct also comes six months after Superstruct was acquired by investment giant KKR from private equity firm Providence Equity Partners, with the Financial Times reporting a deal valued at $13. billion euros (US$1.39 billion).
KKR made the investment in Superstruct through its European Fund VI, an $8 billion fund that invests in the growth of “leading companies.”
As part of the deal, Providence had the option to invest 250 million euros (approximately $267 million) in Superstruct.
In October, investment firm CVC also invested in Superstruct, joining European festival operator KKR’s ownership.
Boiler Room said its team will continue to assume leadership of the business under Superstruct’s ownership.
According to an official announcement, the platform plans to “maintain its identity by actively supporting development through Superstruct’s global resources and expertise.”
Additionally, DICE remains Boiler Room’s official ticketing partner.
Founded by Blaise Bellville, Boiler Room reportedly broadcast events in 120 markets in 2024 and received more than 1 billion views online.
Blaise Bellville, founder of Boiler Room, said: “As we turn 15 and enter our next phase of growth, we are excited to partner with Superstruct on this chapter.”
“As we turn 15 and enter our next phase of growth, we are excited to partner with Superstruct on this chapter.”
Blaise Belleville, boiler room
Mr Belleville added: “We feel in good company with their range of brands. They offer us new opportunities to grow, while providing us with the authenticity that inherently makes Boiler Room special. I understand the importance of staying true to your sexuality.”
“We are proud to welcome the talented team at Boiler Room, who have consistently grown the platform over the past 15 years while maintaining a distinctive cultural approach.”
Roderick Schlosser, Superstruct Entertainment
Roderik Schlösser, CEO of Superstruct Entertainment, said: “We are proud to welcome the talented team at Boiler Room, who have consistently grown the platform over the past 15 years while maintaining a unique cultural approach.
“This partnership aligns perfectly with Superstruct’s mission to celebrate and amplify culture through creativity, collaboration, and live entertainment. Boiler Room is in its best situation ever, and we are proud of their up-and-coming We are excited to support them in the future.”
“Boiler Room is a great brand and our team is outstanding, creating culture-defining moments time and time again.”
Phil Hutcheon, DICE
Phil Hutcheon, CEO and Founder of DICE, said: “Boiler Room is a great brand and our team is exceptional, creating culture-defining moments time and time again.
“The last three years have been a huge success and they have a great future ahead with Superstuct, a company we know very well.” Global Music Business
