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  • Sphere Rakes In $170M Revenue Last Quarter — CEO Eyes Second Market ‘Soon’


    Ravebot

    The Las Vegas Sphere is quickly becoming one of the strips most in demand venues since its launch last year. The lone Sphere venue in Las Vegas, which cost $2.3 billion to build through delays and cost overruns during the COVID-19 pandemic, generated revenue of $170.4 million in its fiscal third quarter ended March 31, the parent company, Sphere Entertainment Co, reported Friday. With hype and demand up, along with strong upward trend in revenue, CEO James Dolan is determined to open another Sphere in a second market. According to billboard, the company is “in discussions with several markets” and has encountered “plenty of interest all around the world,” Dolan said, “but not until we launched the product in September did people really get to see what it was and began to see how it could perform.” Dolan claims that an agreement is set to be inked soon, however declined to provide a timeline. What location would you want to see? And which EDM artists do you think deserves a spot on that stage?

    The post Sphere Rakes In $170M Revenue Last Quarter — CEO Eyes Second Market ‘Soon’ appeared first on EDMTunes.


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