“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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