Sphere Entertainment Plans Smaller Venues

Sphere Entertainment Co. is exploring smaller versions of its massive Las Vegas Sphere, aiming for venues capable of holding around 5,000 people. The original Sphere, a $2.3 billion behemoth, boasts the world's highest-resolution LED screen and a 20,000-person capacity. However, the high production costs limit artist participation. Smaller venues will open the doors to a wider range of artists and offer more cost-effective immersive film and music experiences. Despite a slight revenue dip in Q4 2024, the company remains optimistic, viewing the mini-Spheres as a key driver for future growth.