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re: The new Las Vegas Sphere is not doing well at all

Posted on 11/10/23 at 9:11 am to
Posted by Earnest_P
Member since Aug 2021
3516 posts
Posted on 11/10/23 at 9:11 am to
It’s a gigantic waste of resources. We deserve to crash, building stupid shite like that.
Posted by baldona
Florida
Member since Feb 2016
20457 posts
Posted on 11/10/23 at 9:14 am to
quote:

almost has to be a residency. It's not a venue where a touring band can throw up their stage and speaker stacks. It takes some preparation to integrate that screen. The U2 show was spectacular in that regard. I was there last week.


It’s not like integrating a screen requires a band on site though? I mean there are professional audio visual guys that can do this while the bands are elsewhere?
Posted by MrJimBeam
Member since Apr 2009
12306 posts
Posted on 11/10/23 at 9:14 am to
All they need to do is add Taylor Swift and they'll get their money back.
Posted by CatfishJohn
Member since Jun 2020
13429 posts
Posted on 11/10/23 at 9:15 am to
quote:

I don’t think many people are traveling to Las Vegas due to the current economic downturn.



Had a business professor once tell me there are 3 recession proof industries: drugs (alcohol), sex, gambling.

Vegas has all 3.
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
84860 posts
Posted on 11/10/23 at 9:16 am to
quote:

Less than two months after its grand opening, MSG Sphere in Las Vegas has reported losses of $98.4 million.


How is this possible?
Posted by viv1d
Member since Aug 2017
1617 posts
Posted on 11/10/23 at 9:49 am to
quote:

How is that possible?


Because it's a fake statistic. The reported losses of 98.4 million only accounts for 2 days before the quarter ended. It generated 7.8 million in 2 days before the quarter closed.
Posted by CajunAlum Tiger Fan
The Great State of Louisiana
Member since Jan 2008
7873 posts
Posted on 11/10/23 at 12:31 pm to
quote:

almost has to be a residency. It's not a venue where a touring band can throw up their stage and speaker stacks. It takes some preparation to integrate that screen. The U2 show was spectacular in that regard. I was there last week.


It’s not like integrating a screen requires a band on site though? I mean there are professional audio visual guys that can do this while the bands are elsewhere?


They don’t need to be there, but It’s a lot of work for a team of audio/video/lighting engineers, so the costs are too much for a single show.
Posted by Tasty Thrill
Member since Oct 2023
809 posts
Posted on 11/10/23 at 12:47 pm to
quote:

I’m sure when they book Florida Georgia Line you and your boyfriend while be rocking out in the front row

You are assuming that since you date other men, all the men in the forum do. I don't swing that way, but...hey...if that is your thing. It is 2023.

I am more of a Pink Floyd or ZZ Top type guy.

I'll bet you would fight one of those KarTrashian bitches to suck Kanye or Tyga's dick.
Posted by Fishwater
Carcosa
Member since Aug 2010
5830 posts
Posted on 11/30/23 at 8:08 am to
Phish has announced a four night run in April over 4-20...
Posted by bayouvette
Raceland
Member since Oct 2005
4735 posts
Posted on 11/30/23 at 8:39 am to
It's a great concept and could be huge. But U2? And some earth show is all they have. Nobody going to that crap.

Do some pink Floyd, big arse raves. Dana white said ufc is going soon.

U2. I mean what you expect
Posted by Damone
FoCo
Member since Aug 2016
32785 posts
Posted on 11/30/23 at 8:47 am to
That will sell out instantly
Posted by diat150
Louisiana
Member since Jun 2005
43556 posts
Posted on 11/30/23 at 8:49 am to
Cant wait for the ufc show. Ufc does an excellent job with production and no doubt dana is going to go all out for this show and set a new bar for combat sports.
Posted by supatigah
CEO of the Keith Hernandez Fan Club
Member since Mar 2004
87439 posts
Posted on 11/30/23 at 8:50 am to
my wife went a few weeks ago, tickets were $450 and up, if you could even get a ticket. All they had left were single tickets

the financials in the article are misleading
Posted by Damone
FoCo
Member since Aug 2016
32785 posts
Posted on 11/30/23 at 8:51 am to
I mean it was a massive investment, they will be operating at a loss for a while but the shows they have there are doing quite well. Not sure why people want this to fail, is it "Libturd" in some type of way?
Posted by fr33manator
Baton Rouge
Member since Oct 2010
124251 posts
Posted on 11/30/23 at 8:54 am to
Who could imagine that people wouldn't be spending as much in a during the worst economy in over a decade!?
This post was edited on 11/30/23 at 8:56 am
Posted by Dire Wolf
bawcomville
Member since Sep 2008
36642 posts
Posted on 11/30/23 at 8:59 am to
quote:

Phish has announced a four night run in April over 4-20...



not even a huge phish guy and i'd love to go
Posted by Godfather1
What WAS St George, Louisiana
Member since Oct 2006
79692 posts
Posted on 11/30/23 at 9:30 am to
quote:

Vegas is always playing the long game. They are willing to take the short term loss for the long term profit.


The town was essentially founded on that premise.
Posted by TJG210
New Orleans
Member since Aug 2006
28340 posts
Posted on 11/30/23 at 9:38 am to
quote:

Who could imagine that people wouldn't be spending as much in a during the worst economy in over a decade!?


Um, a lot of the U2 were over $1000 get in on the secondary, I don’t think any have been less than $500 or so for good seats.
Posted by teke184
Zachary, LA
Member since Jan 2007
95633 posts
Posted on 11/30/23 at 9:42 am to
quote:

Anything they report before year 5 is strictly for tax purposes.


Tax purposes likely play a part but if they are having significant problems with getting revenue, which certainly can happen in a bad economy, they may end up in a really bad spot.

The oil state economies were so bad in the mid-80s due to oil prices bottoming out that all entertainment started avoiding the area. No music, no pro wrestling, even all the escort agencies in New Orleans went bust.


When people aren’t buying hookers in New Orleans, things are bad.
Posted by GreasyCracklin
Lafayette
Member since Apr 2005
466 posts
Posted on 11/30/23 at 9:43 am to
I was there last week. Was able to take some awesome pictures and videos in front of the sphere without going in for $300 per person.
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