Experience the Future of Entertainment: Venu Holding Corporation Launches 'Fan Founded. Fan Owned' Movement

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Dec 26, 2024--

Venu Holding Corporation (“VENU”) (NYSE American: VENU), a leading premium hospitality and live entertainment company built by music fans for music fans is excited to announce its bold new brand story, "Fan Founded. Fan Owned," a disruptive initiative celebrating VENU’s commitment to elevating the fan experience and empowering its audiences.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241226826084/en/

The message is driven by the unique connection between VENU and the fans who inspire its reimagined, state-of-the-art venues and unforgettable entertainment experiences. Anchored by an engaging video shot at VENU’s iconic new Ford Amphitheater in Colorado Springs, CO, the launch features the song “Wasting Time” from genre defying American country rock band, Red Clay Strays. The centerpiece highlights how VENU’s vision is powered by a fan-first approach, with fans at the heart of it all.

"‘Fan Founded. Fan Owned’ isn’t just a tagline—it’s the core of everything we do!" said J.W. Roth Founder, Chairman, and CEO of VENU. "Our brand is an invitation to the fans who inspire us inviting them to join us in this movement as we completely disrupt the industry. Every fan can now own a piece of all we are doing.”

VENU is transforming live entertainment with unmatched fan experiences. Enjoy performances from luxury fire pit suites, combining comfort and stunning views, relax in exclusive owner’s clubs, offering premium food and beverage options, from handcrafted cocktails to gourmet dining.

The video is now live on our website, YouTube, and all social platforms, provides an inspiring glimpse into VENU's fan-focused philosophy.

For more information and to join the conversation, visit venu.live

About Venu Holding Corporation

Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, experience-driven entertainment destinations. VENU’s campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 8,000-seat Ford Amphitheater. Expanding with new Sunset Amphitheaters in Oklahoma and Texas, VENU’s upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU’s vision of redefining the live entertainment experience.

VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Lager, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit venu.live

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Venu Holding Corporation (NYSE American: VENU) | Fan Founded. Fan Owned. (Photo: Business Wire)

GUAYAQUIL, Ecuador (AP) — A probe into the military's role in the disappearance of four children in Ecuador this month was delayed for almost two weeks, even though police had access to surveillance videos showing soldiers taking two of the children, The Associated Press has learned.

The case of the children, aged 11 to 15, who went missing on Dec. 8 in the coastal city of Guayaquil after playing a soccer, has struck a nerve in Ecuador, with rights groups and the public demanding information about their whereabouts and asking that the case be investigated as a forced disappearance.

The surveillance video was handed in to authorities a day after the children went missing, two persons familiar with the investigation told the AP. But an investigation of the military’s role in the disappearance was not announced until 15 days later.

The two spoke on condition of anonymity to discuss the case. The probe only started after the children's families went on local news channels and social media to demand more action from authorities.

The security footage, showing men in military uniform grabbing two boys and driving off with them in a pickup truck, became public earlier this week. The two children in the video are believed to be among the four who disappeared that night.

On Tuesday, four badly charred bodies were found near an air force base in the city of Taura, officials said, and they were looking into whether the bodies could be of the missing children.

Later that day, 16 soldiers from the base were arrested. Investigators said it could take up to a month to confirm if the bodies are of the children because their fingerprints had been burnt off and forensic workers will have to extract DNA fragments from bones or teeth for identification purposes.

The soldiers are due to appear at a hearing next Tuesday, where they are expected to be charged with the forced disappearance of the children, according to the Attorney General’s Office.

Ecuador’s Defense Minister, Gian Carlo Lofffredo said Thursday that the 16 soldiers will also be questioned by a military tribunal and that the patrol linked to the disappeared children had not been authorized by officers at the Taura base.

Ecuador’s police deferred questions from the AP about the videos to the national prosecutor’s office, which declined to respond. The Ministry of Defense and the Ecuadorean army also did not respond to questions about the footage.

Violence in Ecuador intensified in January after a gang leader escaped from prison amid deadly riots. Two days later, members of another drug gang attacked a television channel and interrupted a live broadcast to make demands to the government.

President Daniel Noboa's government has leaned on the military to curb gang violence . However, the military has now been implicated in several abuses, including the disappearance of two children in August in the central province of Los Rios, and the case of a 19-year-old who was fatally shot by the military at a checkpoint on a road in Guayaquil.

Noboa has promised to reduce violence as he prepares to run for reelection in February.

But many Ecuadorians have expressed their discontent as the homicide rate has tripled in the South American country since 2021, and extortion by drug gangs has forced thousands of people to migrate to the United States.

People protest outside the prosecutor's office against the disappearance of four children who were last seen on Dec. 8 running away from a military convoy in Guayaquil, Monday, Dec. 23, 2024. The sign reads in Spanish "Where are our children? The four from Guayaquil, Ecuador." (AP Photo/Cesar Munoz)

People protest outside the prosecutor's office against the disappearance of four children who were last seen on Dec. 8 running away from a military convoy in Guayaquil, Monday, Dec. 23, 2024. (AP Photo/Cesar Munoz)

A mural of a child and the Spanish message "Where are they?" cover a wall in protest of the disappearance of four children who were last seen on Dec. 8 running away from a military convoy in Guayaquil, Monday, Dec. 23, 2024. (AP Photo/Cesar Munoz)