The Sphere
This is the Sphere! It cost $2.3 billion and took 5 years to build. What is it?
sphere = “sfeer” (noun) = ball
It’s the largest spherical structure in the world and they hope it will become a new global landmark
It’s a 18,600 capacity theatre inside a dome
It has 54,000 m2 of LED screens on the outside which usually turn off at 11pm
10,000 of the seats vibrate with the bass and can change scents, temperature and wind to coordinate with the show.
Would you like to watch a show inside the sphere? What do you think it will be like?
The next planned location is in London but local residents are unhappy. How would you feel living near a sphere like this?
People worry the non stop lights and visuals will distract drivers and cause road accidents
Do you think one should be built in Tokyo?
It will host concerts, movies, shows, and sporting events in the future
It also plans to have massive advertisements on the outside of the building. The company will help create a 90 second ad for you and it will run many times.
A one-week campaign costs $650,000.
A one-day campaign will cost $450,000.
Would you like your company to advertise on a sphere like this?
Do you think the cost is worth it?
The company, Sphere entertainment owns 20% of MSG entertainment.
MSG owns other stadiums and theatres including Madison Square Garden, the home stadium of New York’s basketball and ice hockey teams. It regulary hosts WWE wrestling, concerts and boxing
The company is $800 million in debt
The sphere opened in September and the company lost $100 million in that quarter
Do you think this will be a successful business?
Sphere entertainment stock price: