A shot captured during a Boiler Room event in Cologne, Germany. Photo Credit: Valentin Bolder
Less than one year removed from its own sale to KKR, Superstruct Entertainment has acquired dance-focused concert broadcaster Boiler Room.
The reported Boiler Room buyout just recently entered the media spotlight, after Providence Equity Partners sold Superstruct to KKR in June 2024. (On top of serving as Superstruct’s CEO, Roderik Schlosser remains Providence’s MD, per his LinkedIn profile.)
Then, October of the same year saw CVC take a minority interest in the European concert giant – with KKR remaining the majority stakeholder.
(The Wasserman stakeholder Providence and its subsidiaries aren’t abandoning crowd-based entertainment; Providence’s ATG bought Madrid-headquartered theatre business SOM Produce earlier in January.)
Meanwhile, it was only in 2021 that ticketing platform DICE scooped up London’s Boiler Room. This past summer, reports suggested that DICE was exploring a sale. But six months later, no such announcement has arrived.
In other words, especially in Europe, the live entertainment space has brought a number of ownership-related twists and turns during the past year. Now, Boiler Room’s selloff can be added to the list.
According to outlets including Pollstar, DICE has sold 15-year-old Boiler Room to Superstruct “for an undisclosed sum.” The ticketing platform is expected to continue providing related services for Boiler Room moving forward.
Elaborating on the transaction, Superstruct head Roderik Schlosser touted the “distinct cultural approach” of Boiler Room, which founder and CEO Blaise Bellville will seemingly keep on leading.
All told, Boiler Room per its website has over 8,000 performances, delivered by north of 5,000 artists across some 200 cities, in its archive. On YouTube, the relevant uploads have generated a cumulative 1.56 billion views.
Bigger picture, it remains to be seen whether DICE has strategically timed the divestment ahead of a sale. For reference, besides the multiple deals rattled off above, 2024 also saw Germany’s CTS Eventim buy See Tickets and other assets from Vivendi.
Subsequently, CTS posted double-digit Q3 2024 revenue growth as well as record nine-month revenue.
Most recently, though the announcement has largely flown under the stateside-media radar, CTS Eventim in December 2024 closed its purchase of another 17 percent of French ticketing company France Billet. With the deal’s formal wrap, CTS became the business’s majority owner.