other material
confidence high
sentiment neutral
materiality 0.50
Venu signs exclusive ticketing agreement with Ticketmaster for three amphitheaters
Venu Holding Corp
- Ticketmaster becomes exclusive ticketing agent for Venu's Sunset Amphitheaters in Broken Arrow, OK, McKinney, TX, and El Paso, TX.
- Initial term runs 5 years after last amphitheater opens (anticipated openings 2026, 2027, 2028); auto-renews in 5-year periods.
- No minimum ticket sales guaranteed; Venu retains box office, group sales (15+), and house seat rights.
- Ticketmaster pays annual Sponsorship Allowance in quarterly installments, subject to ticket sales thresholds; Venu gets TM+ resale revenue share.
- Service commitment requires 99.5% monthly uptime; two failures in 12 months constitutes material breach.