Martin Kjellberg's questions to Venu Holding (VENU) leadership • Q3 2024
Question
Asked about the partnership strategy for new venues in Oklahoma and Texas, specifically whether AEG would continue as the exclusive partner or if new partners would be secured for each location.
Answer
The company plans to operate the new venues in Tulsa, McKinney, and El Paso as "open rooms," allowing both Live Nation and AEG to book shows, rather than having an exclusive partner like they do with AEG in Colorado. The actual operations will be managed either through a direct operating partner agreement or an ASM-style agreement.