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Resonance of Billions: 24/7 Market News Covers VENU's Expanding Amphitheatre Empire
Globenewswire· 2025-09-26 13:56
DENVER, Sept. 26, 2025 (GLOBE NEWSWIRE) -- 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and corporate information, reports that VENU (NYSE American: VENU), a growing operator of premium hospitality and live entertainment venues across the U.S., is spearheading a multi-billion-dollar expansion of modern amphitheaters that is projected to generate tens of billions in community impact, assets, and ticket sales. Independent research from Younger Asso ...
24/7 Market News: VENU to Build About $3B Worth of Venues over the Next 3 to 4 Years
Newsfile· 2025-06-18 10:55
Core Viewpoint - Venu plans to invest approximately $3 billion in building venues over the next 3 to 4 years, with a focus on innovative financing models and public-private partnerships [1][3]. Company Developments - The company is set to break ground on a $350 million amphitheater in McKinney, Texas, which will be the largest fully seated, multi-seasonal amphitheater ever constructed [2]. - Currently, Venu is constructing about $1.2 billion worth of amphitheaters and aims to scale this to $3 billion in the coming years [3]. Financing Strategy - Venu's financing model includes 35% to 45% of funding coming from municipal partnerships, which may involve real estate, cash, and tax incentives [3]. - The company employs a fractional ownership model similar to condominium sales, which contributes to 35% to 45% of its overall financing [4]. Recent Financial Activity - Venu closed a $10.25 million equity investment with an institutional investor, issuing a new series of preferred stock with a stated value of $15,000 per share, convertible into common stock at an effective rate of $15 per share [6].