Related-Party Transactions

6 Months Ended

Jun. 30, 2022

Related Party Transactions [Abstract]

Related-Party Transactions

13. Related-Party Transactions

Vivid Cheers Inc. (“Vivid Cheers”) was incorporated as a non-profit organization within the meaning of Section 501(c)(3) of the Internal Revenue Code. Vivid Cheers’ mission is to support causes and organizations dedicated to healthcare, education, and support of workers in the live events industry during times of need. We have the right to elect the board of directors of Vivid Cheers, which is currently formed by our executives. We do not have a controlling financial interest in Vivid Cheers, and accordingly, do not consolidate Vivid Cheers’ statement of activities with our financial results. We made charitable contributions to Vivid Cheers of less than $0.1 million and $0.6 million for the three and six months ended June 30, 2022, respectively, and $0.4 million and $1.0 million for the three and six months ended June 30, 2021, respectively. We had no accrued charitable contributions payable as of June 30, 2022 and had $1.3 million of accrued charitable contributions payable as of December 31, 2021.