Sphere revenue drops, MSG Networks bankruptcy?

All casino stocks are down. The number one foreign visitors to Vegas are from Canada, and they aren't going anymore. My guess is the real money maker for the Sphere is the movie at over a $100 a showing and that just depends on how many people are in Vegas, more people = more money. Vegas is going to slump and might be a long time before it comes back. 

I hope Miriam Adelson feels like she got what she paid for. 

No tear shed here...

I stand with Canada.

The developers of the Sphere don't seem to have taken into account that while we crave new experiences, the shelf life of novelty has shortened tremendously.

There are also only a small number of bands on the schedule for this year so far--The Eagles, D&C, The Backstreet Boys, and Kenny Chesney--plus the $100 movie that Nino mentioned, and there are a lot of open dates on their calendar. Seems like they should have something going every day to keep the place afloat, and to service the loans for the billions it cost to build the place.

https://www.thesphere.com/shows

They need to produce a generic apple visualizer graphics for the screen so they can have one offs in there. The cost of production means they have to have residencies and the type of band that can fill a residency in Vegas is all wrinkle rock. 

I'm certainly looking forward to reading an ad on Craigslist for 36 million "sightly-used full-spectrum, ultra-high resolution LED lights."

Better yet, a couple of those spatially coherent holographic seat speakers would sound really good in the car.

the fuck anyone would pay $100 for a movie?!

It'll make a solid write-off.

insert nelson Ha~Ha

>>>the fuck anyone would pay $100 for a movie?!<<<

In that venue, I figure in Las Vegas that's probably a better and certainty longer use of $100 than using $100 to play at the tables (I'd still use it at the tables). From what I can tell from a distance I'm not a fan of The Sphere, but I'm sure the video experience is pretty damned impressive.

What I don't understand is why they don't run the place every night, using the movie or classic recordings of great shows and albums from many bands, and charge half as much. It seems to me that there is little difference in the room between a live band or a recording anyway, since the live band on stage gets very little attention.

Maybe it just costs too much to open the doors and run the venue at that lower price and attendance, but if that's the case then there are some real dumb-asses involved in the planning of that place.

The Sphere is most likely the future of "live music" venues, but maybe (hopefully?) the future isn't here quite yet.

I remember back in the 80's Hayden Planetarium in NYC would have Laserium, and they probably weren't the only ones. They would play music (David Bowie, Led Zep, etc.) through an enhanced sound system while showing laser patterns on the 'planet' screen that would move to the music. Different nights would highlight different bands, it was pretty popular. I'm surprised The Sphere doesn't at least try something like that. With concessions, you could probably turn a profit at $100 a pop, but that's just a guess.

When the Sphere launched there was financial analysis on what it would be take to make this thing profitable. The general consensus was that it's a challenging model. 

Vegas as a whole is way beyond their skis at the moment. Many casinos are losing money due to high interest payments on their land or having been part of a leveraged buyout. That was all fine when interest rates were low. Now in return they are jacking up prices across the board (parking, food, etc). This then affects visitorship and expendable income. There are a lot of cracks in the foundation of Sin City. 

Oh and poor ole James Dolan. Waaaah.

They already show the U2 concert which you can go to, but yeah you would think some 2 AM trippy show would go over pretty well, but I think part of the problem is that fucked up people and the steepness are things that don't mix. I wonder how much they have already paid out in personal injury lawsuits. People took some pretty horrendous falls during Dead and Co. 

I'm taking a break from Vegas. They have lost their minds. $25 and up minimum bet at all table games. $50 for well drinks. The majority of properties are way long in the tooth and they have cut corners on maintenance for years. It's just tired. It will be interesting to see if the new Hard Rock construction continues on pace or if that gets paused, and there is no way the A's stadium gets built.  

Vegas was hellabetter when the mob owned it.   All they wanted was a place to launder their ill gotten money. Everything was set up to bring folks in. I remember getting King Crab Legs and Prime rib for 5.00.  Drinks were free if you were gambling. Comps (freebees) were everywhere.  Lots of the entertainment was free or very cheap. 

Now?  You couldn't pay me to go there. Well, maybe if it was enough...... But why would they?