“There is certainly a great deal of interest, and substantive discussions with several markets, none which I can discuss or reveal today, but I will say that it does look like Sphere will be a global brand, and so we should expect expansion globally rather than just in the U.S. “We expect to host two additional residencies in the second half of this fiscal year (January through June) and look forward to sharing more details.”Īll sales of tickets to the “Sphere Experience” and Darren Aronofsky’s “Postcard from Earth” occurred in the current quarter and weren’t reflected in the quarterly financial results.ĭolan said he expects another film to be released about a year after “Postcard” came out and that it could run concurrently with a new show.Īs for new Sphere venues worldwide, Dolan confirmed that more are on the way – but wouldn’t say where. “The incredible response to U2’s run at Sphere has only increased interest from the artist community to play the venue, and we’re having conversations with artists across a wide variety of genres, including discussing runs of varying lengths,” he said. In an earnings call with investors, Dolan said U2’s success has spurred interest in the entertainment world. Dolan said every performance so far sold out, prompting the company to add 11 more shows in January and February, extending the band’s run to 36 performances. It generated revenue of $7.8 million with the venue being open just two days of the quarter that ended Sept. The venue on Wednesday reported a first-quarter operating loss of $98.4 million, primarily due to opening expenses.

(Daniel Pearson/Las Vegas Review-Journal)Įven though the Sphere lost nearly $100 million in its first quarter of operation, Executive Chairman and CEO James Dolan is optimistic that the new Las Vegas entertainment venue will be profitable as the venue presses ahead with more entertainers wanting to play there, more films in production and more Spheres to be built worldwide.ĭolan also hinted that ticket prices may go up but that Las Vegas was the ideal location to open the first Sphere because of the constantly changing tourist market.

Excited fans wait outside of the Sphere on the night of its inaugural performance featuring U2 on Friday, Sept.

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