European live music giant Superstruct Entertainment has acquired music platform Boiler Room from independent ticketing company DICE.
British-born ticketing platform DICE acquired British electronic music-focused live streaming platform Boiler Room in 2021, just a week after the platform announced it had raised $122 million in Series C funding.
DICE has raised over US$200 million Funding to date includes $65 million This round of financing was conducted in August 2023 and was funded by musicthe investment company consists of Matt Pincus and lion tree. Other investors in the round include structural capital and ADRITZ HOLDINGS LIMITED.investment tools Willard AdritzFounder and Chairman kobart music.
DICE’s boiler room divestment complete after six months Burundi DICE is reportedly in advanced talks to sell a large stake in its company, which could value it at “hundreds of millions of dollars.”
boiler room for sale to superstructure It also comes six months after the latter was acquired by the investment giant KKR A deal from private equity firm Providence Equity Partners financial times report worth 1.3 billion euros ( $1.39 billion).
KKR invested in Superstruct through its European Fund VI, US$8 billion A fund that invests in the growth of “leading companies”.
As part of the deal, Providence has the option to invest 250 million euros (approximately $267 million) Enter Superstruct.
Investment firm CVC also invested in Superstruct in October, joining KKR’s ownership of the European festival operator.
Boiler Room said its team will continue to lead the Superstruct business.
According to the official announcement, the platform will also “actively support Superstruct’s development and preserve its identity through its global resources and expertise.”
Additionally, DICE will remain the official ticketing partner of Boiler Room.
Founder: bryce bellevilleBoiler Room will broadcast live events in 120 markets in 2024 and has reportedly been viewed more than 1 billion times online.
“As we turn 15 and enter the next phase of our growth, we’re excited to partner with Superstruct on this chapter,” said Boiler Room founder Blaise Bellville.
“As we turn 15 and enter the next stage of our growth, we are excited to complete this chapter with Superstruct.”
Bryce Belleville, Boiler Room
Bellville added: “We feel like we have a great relationship with their brand and they provide us with new opportunities to grow while also understanding the importance of maintaining authenticity, which is what makes Boiler Room unique.”
“We are honored to welcome Boiler Room’s talented team, who have successfully continued to grow the platform over the past fifteen years while maintaining a unique cultural approach.”
Roderik Schlösser, Superstruct Entertainment
Roderik Schlösser, CEO of Superstruct Entertainment, said: “We are honored to welcome the talented team at Boiler Room, who have successfully continued to grow the platform over the past fifteen years while maintaining a unique cultural approach.
“This partnership fits perfectly with Superstruct’s mission to celebrate and amplify culture through creativity, collaboration and live entertainment. The Boiler Room has never been in a better position and we’re excited to support their bright future.
“Boiler Room is an incredible brand with an incredible team that creates culture-defining moments time and time again.”
Phil Hutcheon, DICE
Phil Hutcheon, CEO and founder of DICE, said: “Boiler Room is an incredible brand with an incredible team that creates culture-defining moments time and time again.
“It’s been a very successful three years and they have a great future with Superstuct, a company we know very well.”global music business
