Sphere releases more info on the plans for its Abu Dhabi venue [Seeking Alpha]
Sphere Entertainment Co. Class A (SPHR)
Company Research
Source: Seeking Alpha
The new Sphere venue will be located in a prime spot in Abu Dhabi and is anticipated to echo the scale of the 20,000-capacity Sphere in Las Vegas. The venue is expected to be a major year-round draw for both residents and visitors from around the world, offering opportunities to experience events, concerts, and shows in a unique setting. Following the venue's opening, Sphere Entertainment plans to maintain ongoing arrangements with DCT Abu Dhabi that are expected to include annual fees for creative and artistic content licensed by Sphere Entertainment, such as Sphere Experiences; use of Sphere's brand, patents, proprietary technology, and intellectual property; and operational services related to venue operations and technology, as well as commercial and strategic advisory support. CEO James Dolan said the vision for Sphere has always included a global network of venues, and called the Abu Dhabi announcement a significant milestone toward that goal. "Sphere is redefining live ente
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