❗️European festival giant losses surge as Israel boycott hits its events

European live-music and festival operator Superstruct took on an additional $122.4 million in debt in 2025, bringing its total borrowing to $440.7 million, as several of its events faced anti-Israel boycotts.

Losses rose to $125 million from $87.1 million the previous year, according to financial accounts reported by The Telegraph.

Superstruct, which operates UK festivals including Field Day, Cross the Tracks and Boiler Room, has faced a campaign targeting its ownership by US private-equity firm KKR, which acquired the company in October 2024.

Pro-Palestine campaigners have called for boycotts of its events, citing KKR's investments in companies with links to Israel.

The boycotts have included artist withdrawals and protests at several Superstruct events, while the company said in its financial accounts that geopolitical issues had influenced artists and audiences in countries where its festivals operate.