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Venu Holding Corporation entered into a Ticketing Agreement with Ticketmaster L.L.C., appointing Ticketmaster as the…
VENUVenu Holding Corp
Venu Holding Corporation entered into a Ticketing Agreement with Ticketmaster L.L.C., appointing Ticketmaster as the exclusive ticketing agent for its developing amphitheaters in Broken Arrow, Oklahoma; McKinney, Texas; and El Paso, Texas. The agreement has an initial term lasting five years after the latest amphitheater opening date, with automatic five-year renewals. Key commercial terms include a one-time Hardware Credit from Ticketmaster, an annual Sponsorship Allowance paid quarterly contingent on sales thresholds, and a revenue share for secondary market ticket sales via Ticketmaster's TM+ platform. The company retains rights to sell tickets at the box office and to groups of 15 or more. Venu Holding Corporation operates in the live entertainment industry, developing and managing outdoor amphitheater venues.