71–80 of 201 posts
It was open for 2 days of the fiscal quarter. The CFO quit after being yelled at by the notoriously combative CEO. The news has been running with this headline because it's drawing clicks but it's not really painting an accurate picture.
I gotta be honest, I'm not sure what was expected? They spent $2b building this thing, it's brand new tech, it didn't host many shows last quarter (it was open for 1? full month of the quarter). I still think The Sphere is super damn cool and I can't wait to go to an event there.
https://www.outkick.com/drink-prices-vegas-sphere-beer-liquo...
Las Vegas is like Dubai but with alcohol. Such a desperate place.
Dubai is cool if your definition of cool is "money" (and you're fairly tolerant with slave labor and human right violation)
Meta: Someone please correct me. The outside of the Sphere is pretty damned awesome, with its interactive elements and novelty. I'd visit Vegas just to watch it, not that they'd make any money off me for that. The inside looks like an IMAX theater combined with a few planetarium features (lazors?). And, well, I have a really nice IMAX theater only an hour away from me. Why would I pay a premium to see the one in Vega…
IMAX digital is a full-FOV 4:3 4K display with 44 speakers. The Sphere interior is a wrap-around 16K display with 168,000 interference-coordinated speakers. It’s like IMAX squared :P
I suppose if you add in the 3D effects you can say it's IMAX times 4pir/3
I despise giving an endorsement to anything Dolan is associated with and can profit from as he is an awful and genuinely petty human, but the Sphere is a technology worth seeing. I wasn't super impressed with the sphere's screen when I went in there with the thing turned off and saw the very steep stairs to the seats. It initially looked like a bigger movie screen. But once it's on, with the right shot, it completely…
Like, they made something awesome and need to monetize it. Focus on the awesome thing. The entity is going to pay those involved and they might sell shares for a higher price, thats how our system works. Suddenly caring only because you dont like 1 of those stakeholders? I don’t understand that.
I’m a fan of organizations becoming disconnect and unbeholden to public opinion. Some people try to become judgement proof - uncollectable funds after losing a civil suit - I’m a fan of cancel proof. Companies that dont have to change anything based on a stakeholder’s behavior.
- Ranji (CFO) suddenly quit after a bout of yelling and screaming from CEO James Dolan.
- Revenue for the quarter included $4.1 million in event revenue — those two sold out U2 shows, $2.6 million from suite licensing and advertising on the Sphere exosphere.
However, it shows that 1 show fetches $2M. 30 shows in 90 days (3 shows in a week) would fetch $60M.Eliminating $98M/Q loss may not be that hard.
Earlier quoted context omitted.
Technically? It's all you can smell when you're in that stretch between Linq and Flamingo
Technically is the correct term to use here. It's de jure illegal but de facto fine.
I gotta be honest, I'm not sure what was expected? They spent $2b building this thing, it's brand new tech, it didn't host many shows last quarter (it was open for 1? full month of the quarter). I still think The Sphere is super damn cool and I can't wait to go to an event there.
In my mind this is like if you were to build the first IMAX theater if IMAX wasn't already a thing. You'd basically be asking Hollywood to create a special version of a movie for your single venue. Like... I'm sure some will take that up, as evident by it hosting a few shows. But it can't possibly be an "open every night" situation, the economics just don't make sense for that.
"I am not being held hostage"
I gotta be honest, I'm not sure what was expected? They spent $2b building this thing, it's brand new tech, it didn't host many shows last quarter (it was open for 1? full month of the quarter). I still think The Sphere is super damn cool and I can't wait to go to an event there.
They're also basically killing any locals going with the cost of concessions and probably driving a lot of people to just not spend any money there. At $40 for a double shot and $20 for a beer, I'd be drinking before I got to the venue if that were my thing. https://www.outkick.com/drink-prices-vegas-sphere-beer-liquo...