Whereas previewing the brand new digitally-augmented presentation of The Wizard of Oz at Sphere in Las Vegas, Sphere Leisure Co. CEO James Dolan instructed press that the mission had gone method over its authentic finances. “We went method over the finances. What we had been initially considering, we ended up nearly two occasions what we had been initially considering,” Dolan mentioned. “We’re getting up fairly near that $100 million mark — it was value it.” And he might have been proper, because it’s been revealed that it could possibly be a billion-dollar income generator for Sphere.
Lucas Shaw at Bloomberg experiences that with followers paying roughly $200 a ticket, The Wizard of Oz is presently producing gross sales of roughly $2 million a day, which means that it might earn greater than $1 billion throughout its run — which might stretch on indefinitely, whereas additionally being proven at extra Sphere places as nicely.
Get Wizard of Oz at Sphere Tickets Right here
Dolan instructed analysts that “Finally, we’ll run The Wizard of Oz perpetually… It’s onerous for me to think about a greater product.” That mentioned, Dolan has additionally approached Warner Bros. and Disney about doubtlessly giving Harry Potter and Star Wars the Sphere remedy.
Associated Video
This curiosity in increasing the Sphere film catalog is sensible, as whereas Sphere has rapidly change into a premiere location for concert events, Shaw notes that the corporate truly makes more cash from displaying motion pictures than it does from dwell performances, because the bands maintain nearly all the cash from ticket gross sales. Whereas Sphere will earn about $200 million from concert events in 2025, the quantity it’s going to earn from motion pictures like The Wizard of Oz in addition to Darren Aronofsky’s long-running Postcard from Earth is nearer to $400 million.
Sphere will nonetheless proceed to host concert events, although — whereas Taylor Swift gained’t be doing a residency anytime quickly, Backstreet Boys will resume their residency of the globe-shaped venue starting December 2025. Right here’s tips on how to get tickets.
