US NOW IS DAVID SEE THIS SEE
THE CEO STAN
CHIA STANDING YOU FOR BEING
CONGRATULATIONS ON GOING PUBLIC
UH LET'S JUST START WITH WHY
NOW IN PARTICULAR WAS THE RIGHT
TIME TO GO PUBLIC.
>> YEAH GOOD MORNING AND THANK
YOU FOR HAVING ME ON THE SHOW
THIS MORNING LOOK I THINK WE
ARE WE'RE STARTING TO EXCITED
ABOUT THE MILESTONE AS AS WE
LOOK AT IT YOU KNOW I THINK
WHEN WE LOOK TO TO COME TO THE
PUBLIC MARKETS IT WAS
REALLY ABOUT YOU KNOW TRYING
HIT AT A TIME WHEN I THINK WE
SAW A LOT OF CONSUMER PENT-UP
DEMAND BUT PROBABLY MORE
IMPORTANTLY BEING ABLE TO DO SO
WITH A WONDERFULLY STRATEGIC
PARTNER AND WE WERE ABLE TO DO
THAT THERE ARE TRANSACTION
PARTNERING WITH TODD BOLEY AND
THE HORIZON ACQUISITION
CORPORATION IN THE OUTAGE TEAMS
TO BRING THAT IT'S IT'S TO THE
PUBLIC MARKETS.
>> WE KNOW SUSPECT KILLS ARE
KIND OF YOU KNOW IN FAVOR AND
ALL THE RAGE RIGHT NOW, BUT I
WONDER FROM YOUR INSIGHT AND
YOUR PERSPECTIVE. YOU KNOW WHY
WAS GOING PUBLIC THE U.S.
BACKED THE RIGHT ROUTE TO GO
FOR YOU GUYS WHAT OPPORTUNITIES
DOES IT
ON LOCK.
>> YEAH I I THINK THAT THE
BIGGEST THING FOR US YOU KNOW
AS AS WE LOOK AT IT WAS
BEING ABLE TO FIND A TRULY
STRATEGIC PARTNER FOR THAT
WOULD REALLY HELP DRIVE SOME OF
THE GROWTH THAT WE SEE SEE YOU
KNOW IN THE INDUSTRY AND IN
THE BUSINESS AND FROSTY THIS
BACK PROCESS THAT CONNECTED AS
TO TODD BOL AND HIS TEAM WHEN
YOU LOOK AT THE PORTFOLIO THAT
ELDRIDGE AS WHETHER THAT'S YOU
KNOW OWNERSHIP IN THE DODGERS
WEATHER NOW IT'S A MORE RECENT
OWNERSHIP IN THE LAKERS.
THEIR INVESTMENT AND DRAFTKINGS
OR INVESTMENTS AND PENSKE MEDIA
I THINK YOU'LL HEAR
A LOT OF SPECS TALK ABOUT
FINDING STRATEGIC PARTNERS FOR
US THIS WAS TRULY STRATEGIC
ACROSS
EVERY DIMENSION BEING A
TICKETING MARKET PLACE YOU KNOW
HAVING THE CONNECTIONS THAT
TODD HAS WITH HIS TEAM
OWNERSHIP. WHEN YOU LOOK AT
DRAFTKINGS OF WHAT WE'VE DONE
THERE, YOU KNOW WE'VE ALWAYS
BELIEVED BUT THE SPORTS LIVE
EVENT GORE AND THE SPORT'S
BETTOR THERE'S CERTAINLY SOME
AFFINITY THERE BETWEEN THOSE 2
GROUPS AND IF YOU LOOK AT OUR
MORE RECENTLY LAUNCHED
LOYALTY PROGRAM ENHANCED IT AND
RELEASE THAT IN JULY OF THIS
YEAR, OUR LOYALTY PROGRAM NOW
COMES COMBINED WITH A NEW DRAFT
KINGS PARK AS WELL AS YOU SPEND
MORE ON VIVID SEATS. YOU'LL
EARN FREE DRAFTKINGS DOLLARS AS
WELL. SO YOU LOOK AT AT ALL OF
THOSE THINGS AND FOR US THIS
WAS REALLY A STRATEGIC ELEMENT
FOR US WHERE WE FOUND
A WONDERFUL PARTNER THAT WE
BELIEVE CAN TRULY ACCELERATE
OUR GROWTH IN THE FUTURE.
>> WE KNOW FOR THE BETTER PART
OF WHAT THE LAST 18 MONTHS OR
SO WE HAVE NOT FOR THE MOST
UNABLE TO GO TO CONCERTS
CERTAINLY NOT TO THE LEVEL OF
THE EXTENT THAT THAT WE HAD
PREPANDEMIC WHAT'S YOUR GAUGE
ON THE LEVEL OF PENT-UP DEMAND
THAT IS
OUT THERE BEYOND THE ANECDOTAL
OF LIKE MAN, I CANNOT WAIT TO
HER CONCERT.
>> YEAH, LIKE COULD I COULD I
JUST SAY LOOK I CAN'T WAIT TO
GO YOU KNOW I YOU KNOW LIVE
EVENTS JUST BRING OUT.
>> AMAZING THINGS AND AMAZING
EXPERIENCES,
YOU KNOW OUR BELIEF HERE YOU
KNOW THAT LIFE HAPPENS LIVE
RIGHT AND WHEN YOU LOOK AT THE
INDUSTRY SIGNS THAT ARE OUT
THERE YOU KNOW
WE'RE COMING TOWARDS THE END OF
THE SUMMER HERE BUT CERTAIN
THAT POINT YOU BACK TO YOU KNOW
I THINK THE FESTIVALS THIS YEAR
HAD AMAZING TURNOUT, YOU KNOW
WE LAUNCHED OUR NEW BRAND THE
WEEK OF LOLLAPALOOZA IN CHICAGO
AND I THINK YOU HAD
384,000 PEOPLE OVER THE
COLLECTIVE WEEKEND THEIR LAWFUL
AND IF YOU LOOK NOW I THINK IT
CURRENTLY WHAT'S HAPPENING.
IN THE BASEBALL PLAYOFFS HOUR.
THE DODGERS
GAME TONIGHT. YOU KNOW IN THE
NLCS AS WE LOOK AT SOME OF THE
DATA THAT WE HAVE IS THE MOST
IN DEMAND AND ALL CS GAME THAT
WE'VE SEEN IN THE PAST 5 YEARS
RIGHT SO I THINK YOU'VE GOT A
LOT OF INDICATORS OUT THERE.
YOU KNOW THERE IS PENT-UP
DEMAND I THINK FOLKS ARE REALLY
READY TO GET BACK TO LIVE
EVENTS.
>> STAN I'M RUNNING OUT OF TIME
HERE SO JUST REALLY LOOK LIKE
20 SECONDS MAYBE HE JUST TALK
ABOUT HOW YOU PLAN TO
CAPITALIZE ON THIS NEW ERA OF
LIVE EVENTS.
>> YEAH I THINK FOR US IT'S ALL
ABOUT CONTINUING TO DELIVER
GREAT VALUE
TO CONSUMERS. IN THE FORM OF
YOU KNOW WE'VE GOT VIVID SEATS
REWARDS 10% OF VALUE OF EVERY
SINGLE TICKET FOR EVERY FAN.
WE'VE GOT DRAFTKINGS PARTS
WE'VE GOT SURPRISE AND DELIGHT
SO FOR US WE'RE REALLY GOING TO
LOOK TO BUILD ON THE TICKET
BUYING TRANSACTION WITH
INCREMENTAL EXPERIENCES AND
REALLY CONTINUE TO BUILD BRAND
AWARENESS TO FOLKS AROUND THE
COUNTRY TO WHAT VIVID