Beyoncé Performs Las Vegas Sphere, It Could Cost Up To $10M
The Las Vegas Sphere is the new hot spot for live shows. So of course, it wants to book Beyoncé at the venue.
If Beyoncé Performs At Las Vegas Sphere, It Could Cost Up To $10M
Beyoncé Can Earn $10M For Las Vegas Show
The Las Vegas Sphere is the new hot spot for live shows. So of course, industry powerhouses are working double time to book Beyoncé at the venue.
It’s said that wealthy businessman James Dolan is in talks with Queen Bey’s team to get the mega superstar to perform a residency at the Las Vegas Sphere. Following the success of U2’s current residency, Dolan wants to keep the buzz around his new venue hot by securing a stint from Beyoncé herself, NY Post reports.
Beyoncé’s mom Tina Knowles and husband Jay-Z have reportedly toured the $2.3 billion venue to see if it’s up to Bey’s standard. If the show is secured, insiders say Beyoncé wants at least $10,000 to produce the high-tech show. It’s the same amount U2 was paid to perform for their 36-show residency that goes into February 2024.
The “Cuff It” singer just wrapped her Renaissance World Tour last month and is likely resting after performing a series of live shows throughout Europe and the U.S.A. Her “Renaissance: A Film By Beyoncé,” is set to hit theaters on Dec. 1 and will include visuals from her “Renaissance” album and the world tour.
Along with Beyoncé, Dolan, who currently serves as the executive chairman and chief executive officer of Madison Square Garden Sports and Madison Square Garden Entertainment, is also eyeing live shows with Bon Jovi, Paul McCartney, and Lady Gaga.
The Sphere has been garnering heightened attention since its launch earlier this year. While many have been flocking to attend shows at the new tech-based venue, most of the Sphere’s money is made through suite sales and selling advertising on the LED screens that wrap the inside and outside of the ball-shaped arena.
“We’re having conversations with artists across a wide variety of genres, including discussing runs of varying lengths,” Dolan said on an earnings call earlier this month.
“We expect to host two additional residencies in the [first half of 2024] and look forward to sharing more detail.”
The Las Vegas Sphere cost over $1 billion to create and so far came in at $98.4 million for the quarter ending Sept. 30. A live Beyoncé show at The Sphere is sure to help the new venue generate the attention and funds it needs to break even.