Venu Holding Corporation ("Venu" or the "Company") recently announced the launch of its "Artist 280" travel services, catering to the music industry's biggest stars. This service will provide first-class private air and travel services to artists performing at the company's iconic venues in Colorado, Oklahoma, and Texas.
The initial launch will cover venues in the Colorado, Oklahoma, and Texas markets, including the Ford Amphitheater in Colorado Springs, the Sunset Amphitheater in Tulsa, and Venu's initial Texas collection of amphitheaters in McKinney (Dallas) and El Paso.
Venu anticipates that the estimated number of annual shows from these initial four amphitheaters will exceed 200 per year when all are fully operational in 2027. The company aims to provide access to private air and other travel services through Artist 280, allocating certain service costs incurred under agreements with its operating partners and performance contracts.
J.W. Roth, Founder, Chairman, and CEO of Venu, emphasized the company's commitment to providing first-class amenities in a cost-effective manner, replacing costly third-party travel providers. Roth highlighted the potential for significant cost efficiencies for Venu, which is expected to benefit the company's bottom line. Additionally, Roth noted that artists performing at Venu's venues appreciate the premium service provided by Artist 280.
Venu Holding Corporation, listed on NYSE American under the ticker symbol "VENU," is a premier owner, developer, and operator of luxury, experience-driven entertainment destinations. The company has a portfolio of premium brands and venues operating and in development across Colorado, Georgia, Oklahoma, and Texas, with a nationwide expansion underway.
Venu has received national recognition from publications such as The Wall Street Journal, The New York Times, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. The company continues to shape the future of the entertainment landscape through strategic partnerships with industry leaders.
This launch of "Artist 280" travel services marks a significant development for Venu as it seeks to enhance its offerings for artists while driving cost efficiencies and further solidifying its position as a leader in the live entertainment industry. The market has reacted to these announcements by moving the company's shares 0.54% to a price of $13.14. Check out the company's full 8-K submission here.
