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Tag: Sphere Entertainment

  • How much money and jobs would a Sphere at National Harbor generate? New figures are out – WTOP News

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    There are new estimates of how much a planned Sphere entertainment venue in Prince George’s County, Maryland, would benefit the D.C. region.

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    How are DC-area locals reacting to National Harbor Sphere news?

    There are new estimates of how much a planned Sphere entertainment venue in Prince George’s County, Maryland, would benefit the D.C. region.

    The project, announced last month, would bring a smaller version of the Las Vegas Sphere to National Harbor.

    Results of a comprehensive study conducted by Ernst & Young released Wednesday found the project would have an economic impact of $1.3 billion a year.

    It also determined the project would create about 3,350 jobs during the construction phase, and about 7,100 jobs once it opens. The permanent jobs would be at the venue itself and at businesses in the nearby area.

    Those are increases from earlier estimates of $1 billion a year in economic impact, 2,500 construction jobs and 4,750 permanent jobs.

    The study also estimated that more than 2 million people a year would attend events at the Sphere at National Harbor.

    “We continue to see just how transformational this is going to be, not just for Prince George’s County and not just for the state of Maryland, but truthfully for the entire region,” Maryland Gov. Wes Moore said Wednesday.

    It was initially announced that the project would involve about $200 million in incentives from the county and state, and that amount has not changed, Prince George’s County Executive Aisha Braveboy said Wednesday.

    Braveboy said tax revenues alone from the new project would more than triple what the county has been getting from the Six Flags amusement park in Bowie that closed late last year, and Northwest Stadium in Landover where the Washington Commanders play. The Commanders expect to start playing in a new stadium in D.C. in 2030.

    “I feel really good about getting this project up, hopefully before the Commanders leave. That would be our goal,” Braveboy said.

    Prince George’s County is not Las Vegas, she said, but it is “the destination of the East Coast.”

    She added that the project will solidify her county as the area’s “entertainment (and) tech capital.”

    “We already have quantum computing. We have a thriving aerospace and cybersecurity industry here … and now, we’ll be the center for entertainment tech in the region,” Braveboy said.

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    Michelle Basch

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  • ‘Mini-Sphere’ planned for National Harbor in Maryland – WTOP News

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    Maryland Gov. Wes Moore’s office said Sunday that a “mini-Sphere” — a little brother to the famous Sphere in Las Vegas — is planned for National Harbor.

    Maryland Gov. Wes Moore’s office said Sunday that a “mini-Sphere” — a little brother to the famous Sphere in Las Vegas — is planned for National Harbor in Oxon Hill.

    Sphere Entertainment Co. is working with Maryland, Prince George’s County and Peterson Companies. This venue would be the second in the U.S., after the Las Vegas venue which opened in 2023.

    The proposed venue would be the first smaller-scale Sphere with capacity of 6,000 seats, and feature an Exosphere — the exterior LED display of Sphere that showcases both artistic and branded content, according to a release.

    The venue would also include the world’s highest-resolution LED screen, as well as all of Sphere Entertainment’s other technologies such as immersive sound and 4D effects.

    “Our focus has always been on creating a global network of Spheres across forward-looking cities,” James L. Dolan, executive chairman and chief executive officer of Sphere Entertainment said.

    “Sphere is a new experiential medium. With a commitment to bringing innovative opportunities to residents and visitors, Gov. Moore, County Executive Braveboy, the State of Maryland, and Prince George’s County recognize the potential for a Sphere at National Harbor to elevate and advance immersive experiences across the area.”

    This project would use a combination of public and private funding in the order of $200 million. The release said Sphere would also support nearly 2,500 jobs during the construction phase, and 4,750 jobs once the venue opens, as well as generate millions in additional revenue for the county and state.

    The economic impact of Sphere National Harbor is expected to be greater than $1 billion annually.

    “Maryland has a long history of providing world-class entertainment and we could not be more excited to work with Sphere Entertainment to bring this cutting-edge project to life,” Gov. Wes Moore said in a release.

    “This will be one of the largest economic development projects in Prince George’s County history — proving once again our state is the best place in the country to bring dreams to life. We’re excited for what this means for our people, and how it will showcase the best of what Maryland has to offer to everyone who visits.”

    The proposed venue is still being negotiated on and awaiting approvals from Sphere, Prince George’s County and the State of Maryland.

    A completion date has not yet been announced.

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    Zsana Hoskins

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  • Sphere Follows Yellow Brick Road to Record Profits – Casino.org

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    Posted on: October 21, 2025, 03:59h. 

    Last updated on: October 21, 2025, 03:59h.

    According to Sphere Entertainment Co. (NYSE: SPHR), its reimagining of “The Wizard of Oz” is generating blockbuster returns, with over $130 million in receipts from 1 million tickets sold as of October 17, just seven weeks after its August 28 premiere.

    The Wicked Witch of the West seems to envision a sphere in her future. (Image: Rich Fury/Sphere Entertainment)

    The company had previously announced on September 15 that it had sold 500,000 tickets, earning $65 million, suggesting a consistent monthly revenue pace of $2 million per day.

    Shares of SPHR surged for two days on the good news. On Tuesday, the company’s stock climbed 5.5% to $66.54, following a 7.5% gain on Monday.  Year-to-date, SPHR is up 56.5%, significantly outperforming the S&P 500’s 14.5% rally.

    They’re Off to See the Wizard

    While its estimated $100 million production cost was a gamble, “The Wizard of Oz” has more than paid off. (Analysts at Wolfe Research project that the production could cross the $500 million revenue threshold sometime next year.)

    In fact, if current demand can be sustained, it could very well single-handedly turn the company’s financial fortunes around.

    Though Sphere Entertainment has not disclosed its total debt load in recent filings, pre-opening reports from Bloomberg and Reuters cited approximately $1.8 billion in debt, largely tied to the venue’s $2.3 billion construction and tech infrastructure costs. Operating costs were estimated at $20 million per quarter in 2024, though recent profitability suggests that the venue’s financial trajectory is improving.

    And there is every reason to believe that that demand for this production can be sustained, since it is only playing on one screen on Earth and there are hundreds of millions of “Wizard of Oz” fans who haven’t seen it yet.

    The 75-minute experience — trimmed by 20 minutes from the 1939 original to allow up to eight daily screenings — was rebuilt using advanced AI and CG technology to fit Sphere’s 160,000-square-foot wraparound LED screen, the largest of its kind.

    The production also includes immersive enhancements including wind, lighting effects, custom scents and haptic seat feedback.

    “The Wizard of Oz” at the Las Vegas Sphere plays multiple times per day. The cheapest seats ($129-$137) are weekday morning and afternoon showings, while evening seats go for between $170-$182. Tickets are available at the Sphere website.

     

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    Corey Levitan

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  • Tesla, Rivian, Discover, Sphere Entertainment, Nvidia, and More Stock Market Movers

    Tesla, Rivian, Discover, Sphere Entertainment, Nvidia, and More Stock Market Movers

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