Martin Kjellberg's questions to Venu Holding Corp (VENU) leadership • Q3 2024
Question
Martin Kjellberg of Morgan Stanley inquired whether AEG would remain VENU's exclusive operating partner for the new venues under development in Oklahoma and Texas.
Answer
Founder, Chairman and CEO, JW Roth, praised the successful partnership with AEG in Colorado but clarified that the company has decided to operate the new venues in Tulsa, McKinney, and El Paso as "open rooms." This strategy will allow multiple promoters, including both Live Nation and AEG, to book events, with venue operations managed either through a direct partner agreement or an ASM-style management contract.