European reside music powerhouse Superstruct Entertainment has reportedly acquired Boiler Room, the long-lasting digital music livestream platform, from UK-based ticketing firm DICE.
The transfer alerts a shift in DICE’s strategic priorities and a brand new chapter for Boiler Room underneath Superstruct’s expansive pageant and reside music umbrella.
DICE initially acquired Boiler Room in 2021 after a $122 million funding spherical and has since secured over $200 million. Information of the ticketing firm’s divestment from the model comes within the wake of a Bloomberg e-newsletter that claimed its valuation might attain “hundreds of millions of dollars.”
Boiler Room, which has streamed occasions throughout 120 markets and amassed over a billion views on-line, will reportedly keep its management staff and distinct id underneath Superstruct.
“As we turn 15 and enter our next stage of growth, we’re excited to be partnering with Superstruct for this chapter,” Boiler Room founder Blaise Bellville stated. “We feel in good company with their roster of brands, they offer us new opportunities to grow, whilst understanding the importance of staying true to the authenticity that, at its core, is what makes Boiler Room special.”
For Superstruct, the acquisition follows its personal buyout by private-equity big KKR in a €1.3 billion deal final 12 months. The deal underscores the corporate’s ambitions to broaden its affect in digital music tradition by leveraging Boiler Room’s community-driven ethos.
“We are proud to welcome the talented team at Boiler Room, who have managed to consistently grow the platform over the last 15 years whilst maintaining a distinct cultural approach,” added Superstruct CEO Roderik Schlösser. “This partnership perfectly aligns with Superstruct’s mission to celebrate and amplify cultures through creativity, collaboration, and live entertainment. Boiler Room is in the best position it has ever been and we are excited to support them in their promising future ahead.”
Observe Boiler Room:
X: x.com/boilerroomtv
Instagram: instagram.com/boilerroomtv
TikTok: tiktok.com/@boilerroomtv
Fb: fb.com/boilerroom.television
