November 16th 2023.
If reports are to be believed, wealthy businessman James Dolan is making moves to book one of the most powerful performers in the industry - Beyoncé - for a residency at the Las Vegas Sphere.
The Las Vegas Sphere has been gaining traction since its launch earlier this year, with many people flocking to attend shows at the new tech-based venue. It has become a hot spot for live shows, and many industry powerhouses are working to secure performances there.
Beyoncé's mom Tina Knowles and husband Jay-Z have reportedly toured the $2.3 billion venue to see if it meets her standards. If Beyoncé does perform at the Las Vegas Sphere, it is said that she would want at least $10 million to produce the high-tech show. This is the same amount U2 was paid to perform for their 36-show residency that goes into February of 2024.
Beyoncé just wrapped her Renaissance World Tour last month and is likely resting after performing live shows throughout Europe and the US. Her “Renaissance: A Film By Beyoncé,” is set to hit theaters in December of this year and will include visuals from her “Renaissance” album and the world tour.
Dolan, who currently serves as the executive chairman and chief executive officer of Madison Square Garden Sports and Madison Square Garden Entertainment, is said to be also eyeing live shows with Bon Jovi, Paul McCartney, and Lady Gaga.
The Sphere has been making most of its money from suite sales and selling advertising on the LED screens that wrap the inside and outside of the ball-shaped arena. On an earnings call earlier this month, Dolan said they are having conversations with artists across a wide variety of genres, including discussing runs of varying lengths.
A live Beyoncé show at The Sphere is sure to help the new venue generate the attention and funds it needs to break even. It would surely be a spectacle for fans of the Queen Bey, and a lucrative deal for the venue. We'll just have to wait and see if the negotiations are successful.
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