UK-born ticketing, livestream and music discovery platform DICE has acquired U-based electronic music live streaming platform, Boiler Room.
The acquisition of Boiler Room comes just a week after DICE announced that it has raised $122 million in Series C funding.
Boiler Room’s history began over a decade ago in the UK “as a webcam taped to a wall” and since 2010, the platform has built an archive spanning over 8,000 performances by more than 5,000 artists across 200 cities.
According to a statement announcing the acquisition, the two platforms will work together to “enhance Boiler Room’s offering and drive additional revenue to artists, rights holders, collectives, festivals and clubs”.
A new Boiler Room board has been formed with Terry Weerasinghe, Blaise Bellville, Ibtisam Omer and Phil Hutcheon, and over time this will be grown with new member appointments.
The merger will also see the expansion of both teams across a number of locations.
DICE introduced livestreaming to its platform last year and has supported over 6,400 artists and selling tickets in 147 countries.
“The combination of Boiler Room with the distribution and technology of DICE creates substantial opportunities in a sustainable, transparent and fair model.”
Phil Hutcheon, DICE
Phil Hutcheon, Founder and CEO of DICE, said: “I’ve been a fan of Boiler Room for years and they’re world leading in bringing incredible experiences to fans.
“Blaise [Boiler Room CEO] and I have been discussing for over a year how to support artists better and the more we spoke, the more excited we were to work together.
“The combination of Boiler Room with the distribution and technology of DICE creates substantial opportunities in a sustainable, transparent and fair model.”
“My experience when talking to Phil was inspiring and he immediately recognised how important Boiler Room is, and how much potential we have.
Blaise Belville, Boiler Room
Blaise Belville, Boiler Room founder, added: “DICE has built an incredible platform by being laser-focused on creating the best possible experience for fans and event partners – their app now has millions of music fans accessing live music around the world.
“My experience when talking to Phil was inspiring and he immediately recognised how important Boiler Room is, and how much potential we have.
“I believe deeply that the best way for Boiler Room to evolve is by partnering with a company that values what we are today, and provides the tools we need to grow into the future – we play to our strengths and they to theirs.
“DICE’s belief in ‘powering’ us but allowing Boiler Room to remain our own independent entity, all of this will enable us to move into a new era and be the best version of ourselves.”Music Business Worldwide