Las Vegas (Klas) – SPHERE should announce the successor to the “land postcard” in March, and he works on plans for a smaller sphere that could start to appear in more places.
The president and chief executive officer of Sphere, Jim Dolan, did not want to “let the cat come out of the bag” while he was talking about the next major show, describing it as emblematic.
“The new experience, which we will not name, will benefit from the different features, etc., which we have integrated into the sphere, more than anything we have done in the past. Thus, its immersive nature, its experiential nature, will be considerably improved from the experience of the postcard that we have formed, “said Dolan.
And imagine a reduced sphere – a sphere that can accommodate around 5,000 people, compared to the original of 18,600 places in Las Vegas – which could one day be built in more cities in the United States and in the world. Dolan said that the company is working on architecture now, in order to have more places to use the “persistent” content that it records while more and more residences move in Las Vegas.
Sphere welcomed U2, Anyma, Dead & Company, The Eagles, the upcoming dates for Kenny Chesney and a Backstreet Boys Residence this summer.
This is part of the attraction of Sphere for acts that want to play it. Dolan explains: “The best sound in the world. So the groups who appreciate that, which is, honestly, most groups, really want to come and play the sphere. »»
The company continues to work with the Abu Dhabi Culture and Tourism Department on the next sphere, but will not publish the design of the place, the site or a target opening date until the plans are finalized, said Dolan.
Sphere leaders continue to focus on the future, understandable given the business report, which Continue to show losses While companies are increasing.
“It’s a whole new business. No one has ever exploited a company like this before, “Droan told investors on Monday during a profits call that has shown the last three months: $ 308.3 million in income and total loss of $ 142.9 million. Overall, including the company’s MSG networks segment, Sphere calculates a total adjusted operational benefit of $ 32.9 million.
Dolan expects Sphere’s results to improve during the coming year, noting that the company is more effective with content creation, operations and the way the emissions are planned.
He also rejected speeches according to which there could be a war of tenders to appoint the rights of sphere. “I don’t really think, to be honest, that you will see a name in front of the sphere,” he said.
“The value of the brand capital is too high to sacrifice this to an opportunity for name,” said Dolan.
The company also presented Robert Langer, who joined Sphere after 25 years in Disney, where he directed financial planning and business strategy. Changing was hired in January.