The Sphere is getting a second location following Las Vegas success
FILE-The Sphere lights up for the first time in celebration of Independence Day on July 04, 2023 in Las Vegas, Nevada. (Photo by Greg Doherty/Getty Images)
With the success of The Sphere in Las Vegas last year, another location is coming soon.
The world’s second Sphere will be built in the capital of the United Arab Emirates.
Abu Dhabi's Department of Culture and Tourism, who partnered with Sphere Entertainment Co., announced plans for the new structure on Tuesday.
The Associated Press noted that under the terms of the deal, Abu Dhabi will pay a franchise fee to Sphere Entertainment to build the second location using its designs. Abu Dhabi's government will pay to build the structure, and annual fees to Sphere Entertainment.
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News of the construction of a second Sphere is part of Abu Dhabi’s efforts to enhance its economy, while marketing itself as a premiere destination for relaxation and entertainment.
The original Sphere debuted in Las Vegas in July 2023 as the city’s most expensive entertainment center. Standing at 366 feet tall and 516 feet wide with a huge LED screen, it is the world’s largest structure and has hosted concerts and sporting events.
This massive entertainment venue is also the creation of James Dolan, the executive chair of Madison Square Garden and the owner of the New York Knicks and Rangers.
The AP noted that stock in Sphere closed more than 6% higher Tuesday on the New York Stock Exchange to $48.91 a share.