The Sphere is the most technologically advanced entertainment venue ever built. But despite its engineering brilliance, the numbers tell a very different story than the visuals.
Yeah, that was my thought too. Highly innovative buildings seldom age gracefully. Seattle found that out with the Experience Music Project, which turns out to get ugly stains if you *touch it with your hands.* (I think they have since coated it with something, but that can't have been cheap.) Just like you can't build it with standard parts, you can't fix it with standard parts. When the LEDs start failing it will look ratty fairly quickly. So no, I don't think it will be sustainable; it will look sustainable for a while but when maintenance comes due it will eat up the profits and then some. Or they won't maintain it, with predictably bad results.
@marykuhner4209 a building like this will have spares. Most people have a spare lightbulb or two in case one goes pop. I would have an option of running a show on the outside that was mostly black in case of failures of the external lights [see the firework displays in the film] or if inside have very bright white lights in the show to dazzle the audience so they can't see the black bits.
@FarCognitions less millennials gambling. Vegas as decided to stop catering to anyone who isn't ultra wealthy. They are becoming to expensive for most people. So they end up with higher vacancy and usage rates. Disneyland is having the same issue, they are trying to price it as something you could only ever experience once in a lifetime, making people have to take out loans for the vacation. Good for short term profits, bad for repeat business.
I can already imagine a dystopian movie set sometime in the near future, where Vegas is a(n even bigger) ruin, half the pixels are burned out, and the rest are just scattered patches running on a loop. And no one's got enough money to fix it so it just stays broken.
When it was under construction I asked a gal who worked for MSG how they intended to use it. Her answer: “We don’t know.” Word also has it they have no interest in advice from or collaboration with the planetarium industry that’s been creating dome shows for decades. So there you have it.
MSG have no experience with cutting edge tech, and has struggled to manage it own core assets. So the question I always had was: why is MSG building this? It’s not a natural fit.
@Ragnarra they were 150 this summer I brought family and friends and there was no way I was paying $150 per person for a movie. There’s way too much fun to be had in Vegas to spend that much for two hours.
Problem 6: Vegas has changed their business model since pandemic. They are now catering only to the rich and super rich, not the regular tourist. You now have hotel rooms with astronomical "resort fees", $9 bottles of water, $60 for a pair of fast food burgers, "surge" pricing to further jack up prices, etc. etc. Heck, even a case of beer for you and your friends at a pool cabana is now $300! The resulting money-grab is collapsing tourism. Vegas is self deleting itself and the Sphere is collateral damage.
The only problem with that idea is that the rich and the super rich will pay $300 for a case of beer, or $500 for a hotel room that should only cost $100... if the overall experience lives up to expectations. And it doesn't. Rich people pick and choose as well, and will discover that their money goes much further in other places, and buy them a much higher class of luxury and exclusivity. And watch the conventions! At some point, companies will decide they can no longer afford to send staff to attend conventions, and the staff will be less eager to go because all of the fun stuff they aren't reimbursed for is now out of reach. Attendance drops, and at some point the organizers of big conventions will up and leave. That'll be the death of Vegas
@kaasmeester5903 That's what I cannot understand. There are plenty of high rollers in the world. But they have options, like Monaco, Macau, etc. If Vegas is betting everything on them, that's a very high risk.
Disneyland is using the same strategy. Their business model is the average person shouldn't be able to afford to go to Disneyland more then once in their lifetime. So they are raising their prices to cater only to the ultra wealthy.
@ericjones3692 when the economy is down like it is people wont go for the once option either because frankly it's dumb. and even the ones who could don't feel like they could. even cheap international tourism is down, going to vegas from another country if you're not a multi millionaire would just feel like being a dumb f.
Hard to believe Sphere pockets only ten percent of the revenue. The investment in the show besides it just being a venue is huge. Sphere creates a show for each show.
They are already extremely rich too. That whole band has more money than they'd ever know what to do with. You'd think they'd set aside the greed to showcase a marvel of engineering achievement, but no, they're just greedy jerks and I've never like their music. Now I know why. Rich asshole vibes
@Bobby0wnz For the sake of technological showcasing. I'm not saying they shouldn't be compensated, but what on earth are they going to do with all that money?
Yes, but the artist and promoters had to pay all the cost of developing the show for that custom venue. For the film, MSG must have commissioned that themselves.
Because they wanna build stadiums and tax tourist to pay for it ….your paying 12 diff taxes when you go to Vegas and it’s all bein subsidized by the ppl who visit 😂
I've heard that the high-end resorts want Vegas to go back to being exclusive. They want the "whales" to come, and they want the middle and working classes to stay home. If you're not playing enough to get your room, parking, and fees comped, you're not profitable enough.
Not to mention that international tourists are reluctant to visit a country with ICE squads targeting anyone who looks "foreign" to them and murdering people in the street without any consequences. That *does* tend to make one rethink their vacation choices.
At the OMNIMAX the experience was immersive enough that I reacted physically to video from the front bumper of a car on a twisty road as if I wore VR goggles. As a motorcycle rider, a sped up video where there's no leaning into corners messed with my head.
U2 was smart they got 90 %😊😂 . It's only a problem for the shareholders and banks who gives the loans😊. It's difficult to sell a sphere concrete brick and the production costs are high😂
They don't do that allready? I'd imagine being able to sell a few thousand first-row-like tickets to any sports event would have been the best use for the venue imaginable.
Not everyone is watching the same game, cant play multiple videos without audio for the videos. That would have terrible characteristics if multiple games are talking over eachother
@DivineRedwood True, but what other corporate friendly band could have opened it? Plenty big enough, Stones, Billy Joel, Elton etc. but they're not renowned for high tech shows. Someone like Bono with his star of David bullshit was needed. Gorillaz? Certainly the tech suits them.. but not big enough or politically compliant to the corporation. U2 made money after 18 months on the 360° tour that cost them $500m to produce. The Sphere was a one off show, exclusive to the venue, they didn't tour it. Most U2 gigs are the same, 3 songs from the new album and bring out the hits but in a different sequence and stage! Unfortunately Michael Jackson and Prince were dead otherwise, I think they would have got the gig.
@stopthehate-nn9su U2 were chosen, because their Concerts already, for three decades since Zoo TV, incorporated and pioneered audio visual concepts and infrastructure including large LED screens, and curved ones at that. They probably already had the tech know how and means to do the show, without a massive lead in time and huge development costs. They were the perfect partner to open, but the downside was they are in the box seats to negotiate a deal. I doubt whether it was as high as 90%, they also did a huge amount of promotion for it, plus they had a museum/bar/cafe/merchandise store running along with it too. That said, which ever way they cut it, they got the deal of century. Also Bono, is a devout Christian. Oh and if you know anything about their tours, their set lists are the opposite of what you profess.
The crazy thing is that Montréal has a similar venue called the Dome (at the SAT), which is basically the same thing on a smaller scale. It's highly successful and regularly sells out - I'm not sure why they didn't use that venue as a blueprint for the Sphere...
10:47 How ironic the audience is too busy recording the experience through the FLAT screen of their phones rather than experiencing it with their own eyes 😵💫🤳
Here’s the problem when you are negotiating with u2 level talent. Raiders Stadium is about 3 miles away and holds 4 times the fans. If you are going to get a major act play for a small group you have no bargaining power.
@darylb5564 Yes, you're assessment rings true. Plus you also have T-Mobile arena in the mix ( 20K capacity). I would be curious what terms these venues offer. Everything is negotiable at this level I would figure.
Feels like the shouldn't have built the screens on the outside and first test if the venue is even able to generate revenue. But they needed the stunning view of a big screen to hype it up. It only cost billions lol.
When I was in Vegas last I checked the price to go inside but that was just ridiculously expensive so I skipped it. They should have put something inside that people actually want
U2 can make a show at any stadium for a price if you want to put them in a smaller sphere you need to pay them the same, and yes it is a larger percentage.
@thecarelost6229 I believe they also have multiple strong fans to simulate the tornado strength and I think I saw they also add smells and particles to the aim to increase immersion. Go look at other videos about the sphere, if you aren't someone who just tries to find the negatives in everything 😉
@TheLute70 Was looking at it's site a couple weeks ago when I was there. Maybe $120 is the low new price now? I'm not there anymore so I won't buy one at this point. I'm good for I did get to see Postcard from Earth and U2 almost a year ago before it grew a large set of Dorothy's legs. They could do far more with such a state of the art thing, but it's a most complex most expensive one.
@jthompson5341 it's true - the million dollar DJ's get the same deal !! My friend built Space in Miami and sold half to Live Nation and for sure that's how it goes.
It’s called loss leading and it’s designed to get people to go to a show. For whatever reason U2 is considered some tier AAA band so they knew it would sell out and then they get free buzz. They aren’t worried about losing $12 million, they were worried about marketing.
The movie they made, specifically for the sphere "post cards from earth", was an attack on humanity and it's excess. In a massive dome of lights, in a city built on excess. I walked out hoping to see it fail.
@silver10188 Las Vegas is the capital of excess: too much alcohol, too much food, too much waste of water and electricity for frivolous reasons. Nothing in Las Vegas helps the earth. So, in the heart of all this wastefulness, the film promotes conservation of the earth in a 2.3 billion megastructure. And the viewers are supposed to feel bad! The irony!
Build a huge expensive project that requires heavily on tourism, tank the economy so no-one from the US can afford it and then start a culture war on foreigners... Who'd have guessed that might create a problem!?
I live here, and I'll probably never even go inside. If I have to pay $300 for a movie, it better come with a "happy ending". It is a pretty cool landmark though.
The seats on the bottom need to Pivot so you can lean backward to look up and they shouldn't sell tickets underneath the balcony under the second floor there's like a hundred 200 seats that cannot see the entire sphere can't even barely see 50% of what's in front of them that section should be a bar or a dancing section
How could you forget about concession sales? 😂 18k people and everyone gets at least one drink and maybe some food. The drinks are $20. Suddenly just drinks give you another $360,000. There is food too. There is merch. And the venue has multiple shows a day where most stadiums have one event a week maybe
I don't really understand why "depreciation" counts as a cost, it's literally just "hypothetical number representing the building's value of it were to be sold right this second" 1. it's hypothetical 2. it's not an actual cost it's a bit dubious to discount wages to staff and similar operating costs, as those are real costs that take a hit to the revenue but any actual profit they make will be purely theirs to keep after it's exceed the cost of building the structure
Depreciation is not so much a cost in it's own right, as a method of accounting for the cost of capital spending. What makes a company profitable anyway? it's NOT a mere manner of being cashflow positive. A company can be cashflow positive, as it's assets slowly decay/wear out/become obsolete. Equally a company can be cashflow negative because they are rapidly acquiring assets and growing using the profits raised from their trading activities. So to get a better picture of a companies profitability, we need to account for capital spending, not all at once when the assets are purchased, but over the lifetime of the purchased asset. That is fundamentally what depreciation is, gradually reducing the value of an asset o a balance sheet as it decays/wears out/becomes obsolete.
@danc2014but why is that relevant? *you* aren't going to sell it, if that was the intention the building would have already been sold the moment it was finished, possibly even before construction began _(fairly common in land development)_ *you* spent 2.4 billion, that *IS* very much a true cost for the business, and you won't make any profit whatsoever until your total revenue has exceeded that number + other expenses *IF* you later choose to sell for whatever reason, the price you sell at will be a final source of income _(which you'd hope would offset the loss)_ but that's only relevant once you do actually sell it makes absolutely no sense to categorise it as an ongoing "expense" because it concerns a hypothetical choice you aren't going to make, uses estimated values that won't reflect the actual sale price, and most importantly, isn't actually loosing you any money *you* already spent 2.4 billion, that's all you're going to spend, because you already did it and the building exists
Bugsy Siegal is rolling in his grave. Was in Las Vegas in 2017, and even before then the developers were destroying the once ambience that made it so special and unique to that area.
You mean the gangster who was shot to death in the 1940s? And you are referring to the ambiance of...the Strip? You mean the patch of Earth that is dotted with nothing but Casinos and lights? That ambiance?
No shade, but there are some key phrases that emerge when running with an AI-generated script. I'm not saying the whole thing is, but many of the downbeats were written by AI.
It's cool tech for some stuff but I hate how dry and predictable it is. And most of them sound similar too unless specifically instructed to have a personality of some type. Even then they become monotone and boring. Very cool for boilerplate code though and other programming tasks that are mindless plus used to take forever.
Partner up with some film production courses, offer up the chance to produce some reels that will be used as post-show displays. Start getting the film makers of tomorrow interested in the tech, and suddenly you're the only place in town that can show the movies they make with it.
@6:45: That right there is what ruined events and concerts for me. Every. single. damn. person there has their phone out like an idiot. No one lives in the moment anymore at these events, instead they are recording it... for whom, exactly?
This video is pretty wild, throwing around numbers and claims about the business model that are essentially guesses or faulty conclusions. Like the claim that this being a "one of a kind experience" gives the artists more leverage on the revenue split. Or that the U2 deal "set a precedent". Or acting like entertainment venues can't work if they don't have "other divisions like casinos or hotels to balance it out". $100 bucks say this was scripted by some guy reading Wikipedia and a WallStreetJournal article and then essentially made things up to "connect the dots".
I don’t really think you can expect a ROI of $2.3B in less than 3 years. This building is a long term shot. Also, you’re wrong, the sphere has been used for conventions, and big ones.
I’d love to see them make a high quality movie touring the universe: black hole-neutron star mergers, solar system evolution, supernovae, galaxy collisions, and so on.
How long until the Sphere becomes a Spirit of Halloween?
I'd actually visit that
Excuse me that would actually be a good idea so its obviously not going to happen
Oof, that stings 😅
Sphere of Halloween
Lol
Sounds like they should have included a casino and restaurant area underneath the stadium seating...
Ticket prices for these shows, and the amount of seating generates a lot of dough per show. Millions.
@sclogse1 And gambling is a license to steal money.
@afroabroad It is, but casinos lose money all the time. Those workers and electricity and water are not free.
Exactly
@sclogse1 its barely paying for the maintenance and electricity.
They built a cinema for 2.5 billion
When the overall population of American is about 350,000,000-400,000,000 😅
Not to mention the severe lack of jobs to fill that number.
@badshootykat5574 2.5 billion dollars. Not people.
@tinachristine4573oh.
I Didn't see any dollar sign tho, but now I see how far Las Vegas has fallen into right now😅
And then booked live concerts!
With nothing to show
You didn't mention it, but the Sphere will consume up to 28 MW of power. Which is the equivalent of a small city. That's just insane.
😬
dood welcome to vegas lol -- anyway thats max for short periods of time not constantly
That's not a problem.The taxpayers will cover the cost, and then the taxpayers will reelect.The same politicians... so it won't be a problem
Wow your country it messed up
Imagine the general maintenance/upkeep on that thing...
Yeah, that was my thought too. Highly innovative buildings seldom age gracefully. Seattle found that out with the Experience Music Project, which turns out to get ugly stains if you *touch it with your hands.* (I think they have since coated it with something, but that can't have been cheap.) Just like you can't build it with standard parts, you can't fix it with standard parts. When the LEDs start failing it will look ratty fairly quickly.
So no, I don't think it will be sustainable; it will look sustainable for a while but when maintenance comes due it will eat up the profits and then some. Or they won't maintain it, with predictably bad results.
In my reasoning since the LED's are custom maintenance is going to shut the building down while parts are made.
At least it's in Nevada. The desert air has low humidity. The desert is also where they parked many of the planes during Covid.
When some LED panel gets a dead pixel...
@marykuhner4209 a building like this will have spares. Most people have a spare lightbulb or two in case one goes pop. I would have an option of running a show on the outside that was mostly black in case of failures of the external lights [see the firework displays in the film] or if inside have very bright white lights in the show to dazzle the audience so they can't see the black bits.
Just in time for the complete collapse of tourism in Las Vegas.
Why’s that?
@FarCognitions less millennials gambling. Vegas as decided to stop catering to anyone who isn't ultra wealthy. They are becoming to expensive for most people. So they end up with higher vacancy and usage rates. Disneyland is having the same issue, they are trying to price it as something you could only ever experience once in a lifetime, making people have to take out loans for the vacation. Good for short term profits, bad for repeat business.
Vegas has moved on to Chinese Bioweapons labs. That’s the new hot trend.
@ericjones3692don’t forget it’s an absolute hell hole in the summer. Not a place fit for human occupation.
@FarCognitions International tourism is also down by 30-40%
I feel like people should be paying me to go to a U2 concert
this lmao
yeah Apple should have paid us all when they forced that shit on our phones...12 years later that shit still plays randomly
yeah, to answer Bono's question... WITHOUT.
And they got 90% of the revenue in a deal with a casino?
Was it witchcraft or Epsteen?
I thought it was called "youtube" and got confused
I can already imagine a dystopian movie set sometime in the near future, where Vegas is a(n even bigger) ruin, half the pixels are burned out, and the rest are just scattered patches running on a loop. And no one's got enough money to fix it so it just stays broken.
Yeah I was wondering about this. The panels are all custom, what happens if/when a storm his vegas and takes a bunch of exterior panels out?
@smalltime0 I'm guessing it'll sit inoperative for 6-8 weeks until they can build new ones from scratch 🤷
When it was under construction I asked a gal who worked for MSG how they intended to use it. Her answer: “We don’t know.” Word also has it they have no interest in advice from or collaboration with the planetarium industry that’s been creating dome shows for decades. So there you have it.
MSG have no experience with cutting edge tech, and has struggled to manage it own core assets. So the question I always had was: why is MSG building this? It’s not a natural fit.
MSG is run by an egotistical idiot....
The astronomy thread is a game changer!
@kevinhorne9643 Planetarium shows have been much more than astronomy for a very long time.
yeah my mind went to planetarum too at first...
maybe just projecting onto the dome would have been the better/cheaper/cost effective solution!
Cool planetarium, dude.
$120 each for a 3 hour movie is pretty stiff. I think I'll pass. The public is under no obligation to subsidize bad corporate decisions.
Great point
For $120 dollars I could buy more plastic minis or even Gundam.
$120?!?! Only if they played the first three "Star Treks" that starred William Shatner
@Ragnarra they were 150 this summer I brought family and friends and there was no way I was paying $150 per person for a movie. There’s way too much fun to be had in Vegas to spend that much for two hours.
They are selling out shows.
Textbook example of how having a plan and having an idea are two very different things
IMAX is enough immersion for me.
Aye. Sans the motion sickness.
Im ok with my phone!
Yall sound old asf
Problem 6: Vegas has changed their business model since pandemic. They are now catering only to the rich and super rich, not the regular tourist. You now have hotel rooms with astronomical "resort fees", $9 bottles of water, $60 for a pair of fast food burgers, "surge" pricing to further jack up prices, etc. etc. Heck, even a case of beer for you and your friends at a pool cabana is now $300! The resulting money-grab is collapsing tourism. Vegas is self deleting itself and the Sphere is collateral damage.
The only problem with that idea is that the rich and the super rich will pay $300 for a case of beer, or $500 for a hotel room that should only cost $100... if the overall experience lives up to expectations. And it doesn't. Rich people pick and choose as well, and will discover that their money goes much further in other places, and buy them a much higher class of luxury and exclusivity. And watch the conventions! At some point, companies will decide they can no longer afford to send staff to attend conventions, and the staff will be less eager to go because all of the fun stuff they aren't reimbursed for is now out of reach. Attendance drops, and at some point the organizers of big conventions will up and leave. That'll be the death of Vegas
@kaasmeester5903 That's what I cannot understand. There are plenty of high rollers in the world. But they have options, like Monaco, Macau, etc. If Vegas is betting everything on them, that's a very high risk.
Disneyland is using the same strategy. Their business model is the average person shouldn't be able to afford to go to Disneyland more then once in their lifetime. So they are raising their prices to cater only to the ultra wealthy.
@ericjones3692 to be fair, Disneyland is overcrowded and they needed to do a price correction to regulate the demand
@ericjones3692 when the economy is down like it is people wont go for the once option either because frankly it's dumb. and even the ones who could don't feel like they could. even cheap international tourism is down, going to vegas from another country if you're not a multi millionaire would just feel like being a dumb f.
A 90-10 split that sets a precedent while being billions in the hole is insane.
I'm not paying $20 for a Coke!
It's more like $100.
Sounds like standard price for that little baggy😂
but you buy a 13 in vibrator for $243
If I am, it’s not the drinking kind!
$20 for line of coke
The outside looks incredible though.
Not me feeling bad for this stupid dome 😢😂 stop giving her a face!
Anything covered in LEDs looks incredible. It’s how San Francisco made a dick shaped skyscraper look nice. Sales Force tower, just the tip though. 😂
LEDs are amazing
I'm kinda glad they made it, so long as I am not financing it. Very impressive bit of technology and engineering.
@ArtDeJour L😂L + 🤣🤣🤣🤣🤣
Hard to believe Sphere pockets only ten percent of the revenue. The investment in the show besides it just being a venue is huge. Sphere creates a show for each show.
They are already extremely rich too. That whole band has more money than they'd ever know what to do with. You'd think they'd set aside the greed to showcase a marvel of engineering achievement, but no, they're just greedy jerks and I've never like their music. Now I know why. Rich asshole vibes
@hegsagawd9839 yeah they suck. But why would they take less pay to showcase a product that isn't theirs? That makes no sense.
@Bobby0wnz For the sake of technological showcasing. I'm not saying they shouldn't be compensated, but what on earth are they going to do with all that money?
Yes, but the artist and promoters had to pay all the cost of developing the show for that custom venue. For the film, MSG must have commissioned that themselves.
10% plus food drinks and merch. Plus....
It's a big deal that in a spherical space, there are 800 seats with sightline problems.
Ha, how does that even happen?!
@mikespearwood3914 they put seats underneath the upper sections, thats why
They also did not count on Las Vegas drying up. Not enough tourists with the economy tanking.
Because they wanna build stadiums and tax tourist to pay for it ….your paying 12 diff taxes when you go to Vegas and it’s all bein subsidized by the ppl who visit 😂
I've heard that the high-end resorts want Vegas to go back to being exclusive. They want the "whales" to come, and they want the middle and working classes to stay home. If you're not playing enough to get your room, parking, and fees comped, you're not profitable enough.
@AcmeRacingagreed …the bums in flip flops and baseball caps should stay home.
I say let it turn to dust...
Not to mention that international tourists are reluctant to visit a country with ICE squads targeting anyone who looks "foreign" to them and murdering people in the street without any consequences. That *does* tend to make one rethink their vacation choices.
Excuse me but how much did you say it cost to go in there? That’s sheer stupidity and nonsense.
Movie avg is $190, Concert is probably over $500
the movie is worth it experience dude. trust me. its mind blowing tech.
@2596mr I don’t care, I’m not going to pay that much or even a quarter that much. I have more solid stuff to blow my money on.
3:05 Has anyone been in the OMNIMAX theater?
At the OMNIMAX the experience was immersive enough that I reacted physically to video from the front bumper of a car on a twisty road as if I wore VR goggles. As a motorcycle rider, a sped up video where there's no leaning into corners messed with my head.
The St. Louis Science Center has had an Omnimax for years. It's a great experience. Tickets are about $12 and well worth it.
I had no idea the Sphere had an internal concert hall and theatre. I thought it was just the outside portion.
Theres no way...
Often artists get ripped, but in this case, maybe the venue should take 20%...
maybe 40%
U2 was smart they got 90 %😊😂 . It's only a problem for the shareholders and banks who gives the loans😊. It's difficult to sell a sphere concrete brick and the production costs are high😂
IDK how U2 even has that leverage.
the entire team of negotiators for that contract should have been taken out to a friendly desert walk. it can't be just an incompetence.
@h8GWI feel like U2 was the only one willing to be the proof of concept special show for the Sphere at the time 😹
I’m patting my past self on the back for predicting something people who have gotten certificates for their positions could not.
They should partner with COSM and do remote sporting event viewing, plenty of content there
They don't do that allready?
I'd imagine being able to sell a few thousand first-row-like tickets to any sports event would have been the best use for the venue imaginable.
Locals in Vegas would rather watch sports at home
@jkr9594wouldn’t sell enough tickets to even cover the operating expenses
too bad the Raiders are trash lol
Not everyone is watching the same game, cant play multiple videos without audio for the videos. That would have terrible characteristics if multiple games are talking over eachother
*OMG! Who agreed to that cut? At worse it should have been 50/50. 90/10 is insane. Fire whoever set that precedence.*
Exactly!
They needed U2 more than U2 needed them. There's few bands big enough or willing enough to charge their fans thousands of dollars for a 2 hour show.
@stopthehate-nn9su 90%? No. Not even close. U2's agent raped them. There is absolutely zero reason to offer that much.
@DivineRedwood True, but what other corporate friendly band could have opened it? Plenty big enough, Stones, Billy Joel, Elton etc. but they're not renowned for high tech shows. Someone like Bono with his star of David bullshit was needed.
Gorillaz? Certainly the tech suits them.. but not big enough or politically compliant to the corporation.
U2 made money after 18 months on the 360° tour that cost them $500m to produce. The Sphere was a one off show, exclusive to the venue, they didn't tour it. Most U2 gigs are the same, 3 songs from the new album and bring out the hits but in a different sequence and stage!
Unfortunately Michael Jackson and Prince were dead otherwise, I think they would have got the gig.
@stopthehate-nn9su U2 were chosen, because their Concerts already, for three decades since Zoo TV, incorporated and pioneered audio visual concepts and infrastructure including large LED screens, and curved ones at that. They probably already had the tech know how and means to do the show, without a massive lead in time and huge development costs. They were the perfect partner to open, but the downside was they are in the box seats to negotiate a deal. I doubt whether it was as high as 90%, they also did a huge amount of promotion for it, plus they had a museum/bar/cafe/merchandise store running along with it too. That said, which ever way they cut it, they got the deal of century. Also Bono, is a devout Christian. Oh and if you know anything about their tours, their set lists are the opposite of what you profess.
The crazy thing is that Montréal has a similar venue called the Dome (at the SAT), which is basically the same thing on a smaller scale. It's highly successful and regularly sells out - I'm not sure why they didn't use that venue as a blueprint for the Sphere...
American stupidity hubris and general i know everything attitude- my source is im an American. Sorry so many of us are dumb.
Looks like a gigantic Jiffy Pop w/ people inside. Yikes
Couldve built a public train or light rail system but they did this instead. Goes to show you how much the actually care about the people.
It was a for-profit corporation, not the government. Since when do corporations care about the people?
@nicemarmot7807 you right
That location used to have an apartment complex.
My best friend from high school lived there.
10:47 How ironic the audience is too busy recording the experience through the FLAT screen of their phones rather than experiencing it with their own eyes 😵💫🤳
What if you just told other bands "You're not U2".
A Complement on SO many levels
@davidpaol1 yeah u2 is garbage
Right? That was the old deal. We're setting a new precedent and the new deal is 50/50. Problem solved.
Here’s the problem when you are negotiating with u2 level talent. Raiders Stadium is about 3 miles away and holds 4 times the fans. If you are going to get a major act play for a small group you have no bargaining power.
@darylb5564 Yes, you're assessment rings true. Plus you also have T-Mobile arena in the mix ( 20K capacity). I would be curious what terms these venues offer. Everything is negotiable at this level I would figure.
I just looked on their website. $205 TO WATCH A MOVIE!!!!!!!!!
Problem is how few people can fit in it vs the high running costs.
Each show has to be specifically designed to the venue. How could it go wrong?
buy 2 tickets or 1 vision pro?
Honestly a really good point lol
It is cool how, just about wherever you are on the strip, it seems the Sphere is right beside you.
Feels like the shouldn't have built the screens on the outside and first test if the venue is even able to generate revenue. But they needed the stunning view of a big screen to hype it up. It only cost billions lol.
Without the outside screens it's just a big ass planetarium
There are no external screens. Its a spaced series of led bulbs in small discs. The appearance as a screen is a illusion
The first question that popped in my mind is, once the technology becomes obsolete, how much money would it cost to update?
2:12 thats mainly because of COVID
Man - you have to wonder how the Borg build their spheres.
Simple. You don't cross the queen...
...isn't it a CUBE?
@steveburke7675They did spheres too
When I was in Vegas last I checked the price to go inside but that was just ridiculously expensive so I skipped it. They should have put something inside that people actually want
They need to remake the movie Twister and another cool one woukd be Aliens the one with Bill Paxton.
It's simple if you're not making money with your concerts you can't give the artist as much
thankyou for simplifying the entertainment industry so easily, truly you are the business and music mogul genius that Las Vegas needs.
U2 can make a show at any stadium for a price if you want to put them in a smaller sphere you need to pay them the same, and yes it is a larger percentage.
$190 low ticket price for Wizard of Oz. Ouch!
91% Cost Overrun = 191% Ticket Price Overrun 😆
Still had one of those unrealistic cgi tornados btw
I just bought 2 for $120. Where did you hear this? Just go online and buy a ticket.
@thecarelost6229 I believe they also have multiple strong fans to simulate the tornado strength and I think I saw they also add smells and particles to the aim to increase immersion. Go look at other videos about the sphere, if you aren't someone who just tries to find the negatives in everything 😉
@TheLute70 Was looking at it's site a couple weeks ago when I was there. Maybe $120 is the low new price now? I'm not there anymore so I won't buy one at this point. I'm good for I did get to see Postcard from Earth and U2 almost a year ago before it grew a large set of Dorothy's legs. They could do far more with such a state of the art thing, but it's a most complex most expensive one.
Why did they ever think giving 90% to the artist would ever work? 50/50 split, and they wouldn't have that problem.
That's complete bullshit, No Band get's 90%, That's Not How It Works! 😆
@jthompson5341 it's true - the million dollar DJ's get the same deal !! My friend built Space in Miami and sold half to Live Nation and for sure that's how it goes.
JimmyNeutron TY for the ➡️ L😂L
@jthompson5341 True
It’s called loss leading and it’s designed to get people to go to a show. For whatever reason U2 is considered some tier AAA band so they knew it would sell out and then they get free buzz. They aren’t worried about losing $12 million, they were worried about marketing.
The movie they made, specifically for the sphere "post cards from earth", was an attack on humanity and it's excess. In a massive dome of lights, in a city built on excess. I walked out hoping to see it fail.
Thanks for pointing out the irony!
can you explain what you mean?
@silver10188it’s like democrat politicians saying climate change while flying in private jets 🎉
@silver10188 Las Vegas is the capital of excess: too much alcohol, too much food,
too much waste of water and electricity for frivolous reasons. Nothing in Las Vegas helps the earth. So, in the heart of all this wastefulness,
the film promotes conservation of the earth in a 2.3 billion megastructure.
And the viewers are supposed to feel bad!
The irony!
@Nedracine1999hypocrites. Use Promo code " Demorats "
Build a huge expensive project that requires heavily on tourism, tank the economy so no-one from the US can afford it and then start a culture war on foreigners... Who'd have guessed that might create a problem!?
They wanted one in London as well. Thankfully the idea was a flop!
Y'all already have the Eye, what makes you think it wouldn't work to add an Eyeball?
Shut up
The tent over there is one money losing venue too many
Why thankfully? It's a beautiful and unique thing.
@LeftyMcP-q4uthe London Eye was originally just supposed to be a temporary installation.
If it's not a right angle it's a ...
"There are people on the outside!"
"Not people, Morty's..."
They should put touch screen slots in the backs of the seats for the concert goers / video goers to use when it gets boring. /s
The biggest problem: letting billionaires with the maturity of 10 year olds make decisions for our civilization.
Kind of like the owner of Tesla that wants to build a space station? 😂
This was seriously well researched 👏 You explained it better than most channels covering this topic.
Try any AI chatbot and you would be amazed - beyond believe, it's not a human, it's AI.🤦🏾
I would love to watch avatar the sphere. Those underwater scenes will be amazing.
They wanted to build one of these in London.
I'm gonna guess that the muzzy's would wrap it up in a scarf.
Did that project get shot down?
@ArtDeJour It was gonna happen but the locals figured the sky would be lit up every weekend and they weren't having it.
A star wars Trench run; an eyeid flicks open and the eye of Sauron looks at you.
One thing is for certain... Bono, The Edge, Adam, and Larry laughed all the way to the bank!
Have you been there? I have never been so amazed in all my life. Every major city is now in line to get one.
That's what I was thinking! It's looks amazing! I'd love to go. Better than more banks of slot machines anyday.
Yup!
It just became the most expensive ad space not even a theatre
I think the AVATAR movies would be spectacular there.
Terminator
The sound is not like wearing headphones all the time.
MGM would sooner go out of business before allowing The Sphere to have "100%" of the revenue from one of their films.
I wonder how expensive it is to fix that? I keep seeing outdoor advertisement screens having like huge blocks broken due to pixel death
the perfect place to play "Vertigo" 😂
They forgot the ancient art of Good Domes.
I live here, and I'll probably never even go inside. If I have to pay $300 for a movie, it better come with a "happy ending". It is a pretty cool landmark though.
Oh your comment made me laugh out loud for the first time today, you win the "make me laugh first" contest.
It’s just a screen? Would you call a billboard a landmark?
Idiocracy would be a good movie for that
:DDD well said
Because it already has a lot of lights on the exterior, that is good enough for most people to view so they will be less likely to go inside.
That sphere thing is pretty cool. It would really be sad for it to fail.
The seats on the bottom need to Pivot so you can lean backward to look up and they shouldn't sell tickets underneath the balcony under the second floor there's like a hundred 200 seats that cannot see the entire sphere can't even barely see 50% of what's in front of them that section should be a bar or a dancing section
Merchandise, restaurant... They'd need to enclose and soundproof that section
"It costs four hundred thousand dollars to turn this on, for 12 seconds"
How could you forget about concession sales? 😂 18k people and everyone gets at least one drink and maybe some food. The drinks are $20. Suddenly just drinks give you another $360,000. There is food too. There is merch. And the venue has multiple shows a day where most stadiums have one event a week maybe
This is actually crazy. Normally I hate companies like this but taking just 10% for a building so expensive is lowkey insane
A square funding a sphere
Everything fits in the square hole
I went for 1 month this summer and wasn't going to spend $150 for one movie
I don't really understand why "depreciation" counts as a cost, it's literally just "hypothetical number representing the building's value of it were to be sold right this second"
1. it's hypothetical
2. it's not an actual cost
it's a bit dubious to discount wages to staff and similar operating costs, as those are real costs that take a hit to the revenue
but any actual profit they make will be purely theirs to keep after it's exceed the cost of building the structure
Depreciation is not so much a cost in it's own right, as a method of accounting for the cost of capital spending.
What makes a company profitable anyway? it's NOT a mere manner of being cashflow positive. A company can be cashflow positive, as it's assets slowly decay/wear out/become obsolete. Equally a company can be cashflow negative because they are rapidly acquiring assets and growing using the profits raised from their trading activities.
So to get a better picture of a companies profitability, we need to account for capital spending, not all at once when the assets are purchased, but over the lifetime of the purchased asset. That is fundamentally what depreciation is, gradually reducing the value of an asset o a balance sheet as it decays/wears out/becomes obsolete.
you think they’ll ever make 2.5 BILLION USD in actual revenue any time soon????
You spend 2.4 billion what is the selling cost in 10 years...
@danc2014but why is that relevant?
*you* aren't going to sell it, if that was the intention the building would have already been sold the moment it was finished, possibly even before construction began _(fairly common in land development)_
*you* spent 2.4 billion, that *IS* very much a true cost for the business, and you won't make any profit whatsoever until your total revenue has exceeded that number + other expenses
*IF* you later choose to sell for whatever reason, the price you sell at will be a final source of income _(which you'd hope would offset the loss)_ but that's only relevant once you do actually sell
it makes absolutely no sense to categorise it as an ongoing "expense" because it concerns a hypothetical choice you aren't going to make, uses estimated values that won't reflect the actual sale price, and most importantly, isn't actually loosing you any money
*you* already spent 2.4 billion, that's all you're going to spend, because you already did it and the building exists
@kithe304absolutely not, but while they haven't, they'll still very much not make any profits
I really want a basketball sized 'the' sphere
It would be great as a new bas shop
The Bass Pro Dome, the sequel to the Bass Pro Pyramid
You're better off in a far smaller sphere.
The sphere is the perfect avatar for vegas.
Yeah daughter did grateful dead. She said it was horrible seating is very important to see the whole screen.
Please consider the reader when you write a comment. Or don't.
@3:25 the only venue that would dare host a band with six left-handed guitar players
Bugsy Siegal is rolling in his grave. Was in Las Vegas in 2017, and even before then the developers were destroying the once ambience that made it so special and unique to that area.
You mean the gangster who was shot to death in the 1940s? And you are referring to the ambiance of...the Strip? You mean the patch of Earth that is dotted with nothing but Casinos and lights? That ambiance?
I’m glad i live in a world with cool things like the sphere
No shade, but there are some key phrases that emerge when running with an AI-generated script. I'm not saying the whole thing is, but many of the downbeats were written by AI.
It's cool tech for some stuff but I hate how dry and predictable it is. And most of them sound similar too unless specifically instructed to have a personality of some type. Even then they become monotone and boring. Very cool for boilerplate code though and other programming tasks that are mindless plus used to take forever.
Partner up with some film production courses, offer up the chance to produce some reels that will be used as post-show displays. Start getting the film makers of tomorrow interested in the tech, and suddenly you're the only place in town that can show the movies they make with it.
4:22 _"This is the most advanced venue on Earth, so they demand the lion's share."_
The absurdity of this video cannot be overstated.
Ikr? The Sphere probably wanted a showcase band for the first one but probably won't do that for future bands.
that claim is straight up contradictory.. makes me question the rest of the video.. voice sounds AI too
re-releasing classics and block buster movies is how most theaters will survive the streaming apocalypse
The state of MD wants to build one in PH County.
@6:45: That right there is what ruined events and concerts for me. Every. single. damn. person there has their phone out like an idiot. No one lives in the moment anymore at these events, instead they are recording it... for whom, exactly?
for themselves and their friends/family, so they can revisit that moment for the rest of their lives
You would never know that Lake Mead is drying up
Without watching the video. WOW who cpuld have forseen that a giant round TV screen with no actual function would be a waste of money
They should have built a cube.
This video is pretty wild, throwing around numbers and claims about the business model that are essentially guesses or faulty conclusions. Like the claim that this being a "one of a kind experience" gives the artists more leverage on the revenue split. Or that the U2 deal "set a precedent". Or acting like entertainment venues can't work if they don't have "other divisions like casinos or hotels to balance it out". $100 bucks say this was scripted by some guy reading Wikipedia and a WallStreetJournal article and then essentially made things up to "connect the dots".
Yeah and the screens are triangles not expensive screens at all ther just rgb not a full lcd screens like a phone
I do t think they used curved screens.. maybe a few but most of the exterior screens are flat. I have seen it very closely
What truly amazes me is that there are that many people who ACTUALLY enjoy U2
I don’t really think you can expect a ROI of $2.3B in less than 3 years. This building is a long term shot. Also, you’re wrong, the sphere has been used for conventions, and big ones.
Ya that whole argument of depreciation was either disingenuous or simply ill-informed.
I’d love to see them make a high quality movie touring the universe: black hole-neutron star mergers, solar system evolution, supernovae, galaxy collisions, and so on.
They should screen Melania the documentary. 😂😂
Great idea simp
on the outside for free, so atleast some ppl are forced to have seen it 😅
nobody gonna watch her documentary movie on sphere her ticket won’t sell 🤣
DONALD TRUMPS BAG SHAVING as the encore
That's a real marvel. Heard its energy consumption is enormous. Even if its full leds.