Crossword Genius

London venue millennial's outside, with Dua Lipa playing (9)

Ross

I believe the answer is:

palladium

I'm a little stuck... Click here to teach me more about this clue!

'london venue' is the definition.
Although both the answer and definition are singular nouns, I can't understand how one could define the other.

'millennial's outside with dua lipa playing' is the wordplay.
'outside' means to remove the middle letters.
'with' says to put letters next to each other.
'playing' indicates anagramming the letters.
'millennial' with its middle taken out is 'ml'.
'dua'+'lipa'='dualipa'
'ml' put after 'dualipa' is 'dualipaml'.
'dualipaml' with letters rearranged gives 'PALLADIUM'.

Can you help me to learn more?

(Other definitions for palladium that I've seen before include "Theatre in London; rare metal" , "Misery at own condition" , "London variety theatre - element - safeguard" , "Rare element" , "guarantee of protection" .)

I've seen this clue in The Guardian.
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