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Las Vegas Sphere reports $98.4M loss; CFO quits

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Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#151

Post by brewdad »

reks123 wrote: post #61
falcolas wrote: post #26

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…

I think you’re missing the shear size of the thing (much larger than any IMAX—this is an 18,000 person venue vs ~500 for the largest IMAX), clarity of the interior dome (yes, it’s like IMAX), brightness of the interior dome (it’s a super bright LED screen and provides all lighting in the venue—not projection), and audio (hearing is believing—the “beam forming” tech has the presence of an arena show without the ear fa…

And it's an 18,00 seat venue that only uses half the arena for seating. Picture taking a typical NBA arena and putting everyone on one side of the court without any additional crowding, they didn't shrink the seats down to 12 inches wide or anything.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#152

Post by BOOTRACER »

I_Am_Nous wrote: post #139
jareklupinski wrote: post #129

Earlier quoted context omitted.

the shame of letting a good mind go to waste

The rage of failing to talk to someone about the beautiful thoughts you have because the math to describe it doesn't exist yet so you invent calculus

*re-invent

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#153

Post by etc-hosts »

boeingUH60 wrote: post #36
bsenftner wrote: post #24

Earlier quoted context omitted.

Something tells me there is a tax avoidance scheme whereby these investments are intentionally engineered failures that generate the financial manipulators shockingly high paybacks.

You're reading too many conspiracy theories. Life is more mundane; investors bet money on grandiose stuff and some of their bets fail.

James Dolan is New York City's best tax avoider.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#154

Post by alephnerd »

jonathankoren wrote: post #140
whycome wrote: post #128

Earlier quoted context omitted.

Yeah, but it must have been a giant league with lots of teams. ...Right? (9 teams...) Now, their name is simple "the red-blacks" and is for the colors of their uniforms. Toronto's soccer team in Major League Soccer is called "Toronto FC" or "Toronto Football Club". Calgary: "Cavalry FC" which seems extra confusing when spoken. Sports naming is so weird.

MLS naming is the worst ! Originally, it was perfectly normal North American naming convention, $PLACE $NOUN. Then sometime in the aughts, they started bringing in boring European names, and worse yet, just aping them for no reason. Only the pretentious call soccer “football” in North America, and no one calls themselves a “sports club”. Even the Baseball Club of Seattle, doesn’t call themselves “Seattle BC”. They’re…

> they started bringing in boring European names

Those European style names are because international clubs began investing in MLS.

The Abu Dhabi royal family's fund that owns Man City has 80% ownership of NYCFC, who started the "FC" naming trend in MLS, and plenty of other MLS clubs are owned by people who also own European clubs.

> Half of the league’s names are an insult to North American sports culture

What the hell is "North American sports culture".

Naming conventions in Soccer/Football have always been European based because it is the primary region for prestige Soccer.

It's like complaining about Israeli or Chinese Basketball leagues using NBA style names and jerseys or Mexican College Football (yes that is a very popular thing there, and the Big12 is considering adding them to the conference) using Big10/Big12/Pac12 style branding and stadiums despite soccer being more popular in those places

The aesthetic matters from a branding perspective.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#155

Post by alephnerd »

whycome wrote: post #128
distortedsignal wrote: post #126

Earlier quoted context omitted.

https://en.wikipedia.org/wiki/Saskatchewan_Roughriders https://en.wikipedia.org/wiki/Ottawa_Rough_Riders These teams played in the same league .

Yeah, but it must have been a giant league with lots of teams. ...Right? (9 teams...) Now, their name is simple "the red-blacks" and is for the colors of their uniforms. Toronto's soccer team in Major League Soccer is called "Toronto FC" or "Toronto Football Club". Calgary: "Cavalry FC" which seems extra confusing when spoken. Sports naming is so weird.

FC naming was added as a brand management technique.

When you watch soccer, you expect Tier 1 soccer aesthetics and branding - especially as an owner trying to recoup your investment.

It was Abu Dhabi that started the FC/SC naming conventions in MLS after they were the first international investor in MLS with NYCFC.

After that, the door was opened for plenty of investors who didn't see an RoI or have to ability to invest in Tier 1 European Soccer.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#156

Post by jeffnappi »

chollida1 wrote: post #53
jeffnappi wrote: post #32

Earlier quoted context omitted.

Fascinating, a brand new entity that effectively went public the day it began generating revenue. Are there other examples of this?

> Fascinating, a brand new entity that effectively went public the day it began generating revenue. This isn't correct. THe stock has been public since 2020. It just happens to own the Sphere.

Thank you for pointing that out. Also it was a spinoff of Madison Square Gardens which makes sense how it IPO'd pre revenue-

https://www.sec.gov/Archives/edgar/data/1952073/000119312523...

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#157

Post by whalesalad »

gosub100 wrote: post #18

The vegas strip is full of real estate stories where a major undertaking flops initially but gets turned around. The stratosphere was built, sold at a huge loss, and then flipped for an enormous profit (I'm sure there's way more to the story that others are aware of). I wouldn't be surprised if the Sphere ends up the same. I'm really excited to see it, it's very cool thinking about the potential for promoting visual…

See Formula 1 for an actively unfolding disaster here.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#158

Post by [deleted] »

jstarfish wrote: post #101
yieldcrv wrote: post #75

Earlier quoted context omitted.

I personally don’t understand how to have a phantom like vendetta because of a person’s behavior, following them around with negativity their whole career. 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 stakeh…

Companies already are cancel-proof, unless they're dumb enough to alienate their biggest customers. Then they cancel themselves. The "toxic personality" stuff really does need to die though. Elon Musk is not invited to my birthday party, but I can respect what his companies have done. These parasocial vendettas are on par with cult disfellowshipping behavior. Unless the product is an asshole too, who gives a shit? Li…

[deleted]

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#159

Post by alephnerd »

thazework wrote: post #132
whycome wrote: post #128

Earlier quoted context omitted.

Yeah, but it must have been a giant league with lots of teams. ...Right? (9 teams...) Now, their name is simple "the red-blacks" and is for the colors of their uniforms. Toronto's soccer team in Major League Soccer is called "Toronto FC" or "Toronto Football Club". Calgary: "Cavalry FC" which seems extra confusing when spoken. Sports naming is so weird.

It's all fun and games till you're at a Sheffield pub talking about 'United'

I think being in Sheffield is punishment enough /s

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#160

Post by [deleted] »

whycome wrote: post #124
distortedsignal wrote: post #115

Earlier quoted context omitted.

Eh - the Rangers are doing ok this year. There's a question about if they were going in the right direction a few years ago, but they rebounded. The Knicks are a smoking crater, from what I understand, tho.

I had to look up "which rangers sports team" because the one from Texas just won the world series in baseball and Rangers FC doesn't seem to be doing too bad. Do sports teams really have a limit on available names?

[deleted]
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