TouchTunes Music Company, LLC, the largest in-venue music and entertainment platform, has acquired Arachnid 360, LLC, the pioneer and innovator of soft-tip electronic darts. The deal will create a combined company with nearly 100,000 connected devices, offering a wide range of interactive entertainment options for bars and restaurants in North America and Europe.
TouchTunes plans to invest in the game of darts and support its growth among consumers, venues, and operators. Arachnid will retain its existing brands, including BullShooter and Spider 360.
“We are ecstatic to join forces with the Arachnid team. This acquisition is a huge leap forward in our mission to spark joy and human connection through unforgettable entertainment experiences,” said Ross Honey, CEO of TouchTunes. “Both companies are pioneers in pushing the boundaries of interactive, out-of-home amusement. Together, we will make the in-venue consumer experience even more connected, engaging, and personalized.”
“Arachnid, with our BullShooter connected dartboards and tournaments, is synonymous with soft-tip electronic darts,” said Tony Beall, co-owner of Arachnid, on behalf of the ownership group of Arachnid. “Through our complementary strengths, TouchTunes and Arachnid will deliver even more seamless experiences for consumers and growth for the venue and operator community.”
Sam Zammuto will continue to lead Arachnid, reporting to Dan Hamric, EVP, Operations at TouchTunes.
Trive Capital Partners offers to acquire Ten Entertainment Group for £287 million
Leave a Reply