Venu Holding Corporation (NYSE American: VENU) has announced the launch of its “Artist 280” travel services, aimed at providing first-class travel services to the music industry’s biggest stars. The initial launch will cover venues in the Colorado, Oklahoma, and Texas markets and is expected to bring significant cost efficiencies for Venu.
The estimated number of annual shows from the initial four amphitheaters is projected to exceed 200 per year when fully operational in 2027. Through its relationship with an FAA-certified air charter operator, Venu will be able to provide access to first-class private air and travel services to leading music acts performing at its iconic venues, such as the Pollstar-nominated Ford Amphitheater in Colorado Springs, the Sunset Amphitheater in Tulsa, and Venu’s initial Texas collection of amphitheaters in McKinney (Dallas) and El Paso.
J.W. Roth, founder, chairman, and CEO of Venu, emphasized the company's commitment to providing performers with first-class amenities in a cost-effective manner. Roth highlighted the strategic move to bring in-house the capability to provide expected amenities required by many leading music acts, with the expectation of resulting in significant cost efficiencies for Venu and, in turn, benefiting the company's bottom line.
Venu Holding Corporation, founded by Colorado Springs entrepreneur J.W. Roth, is a premier owner, developer, and operator of luxury, experience-driven entertainment destinations. The company has been recognized nationally for its innovative and disruptive approach to live entertainment and continues to shape the future of the entertainment landscape through strategic partnerships with industry leaders such as AEG Presents, Troy Aikman, Aramark Sports + Entertainment, and Tixr. Following these announcements, the company's shares moved -3.33%, and are now trading at a price of $13.07. If you want to know more, read the company's complete 8-K report here.
