Learning from Las Vegas: Round 2 | Planning for Activation and Transformational Projects
Learning from Las Vegas is a famous book in architecture studies about post modern architecture
In the past few years the Raiders NFL team moved there, The Sphere attraction opened ("The Sphere mesmerizing Las Vegas months before opening," Courthouse News Service), and the Oakland A's baseball team just got approval to follow the Raiders ("The Oakland A's are relocating to Las Vegas after MLB owners approve the move," NPR).
Then there's Formula 1. Not my thing, but it's the thing for enough people, especially rich people.
It was cool in the beginning, then became a place mostly housing chain establishments. The Baltimore riots didn't help.
Bono, The Edge, Adam Clayton and Bram van den Berg of U2 perform during opening night of U2:UV Achtung Baby Live at Sphere on Sept. 29, 2023 in Las Vegas. Kevin Mazur/Getty Images for Live Nation
U2 wrapped the first leg of the U2:UV Achtung Baby Live at Sphere residency on Nov. 4 with unprecedented box-office results. According to figures reported to Billboard Boxscore, U2’s 17 Sphere shows in Las Vegas grossed $109.8 million and sold 281,000 tickets.Opening night at Sphere was Sept. 29. U2 played another show the next night, 12 more in October and three in the first week of November. The gross and attendance figures average out to $6.5 million and 16,500 tickets per show. The average ticket price across all shows was $390.97.U2 is scheduled to play eight more shows in December, kicking off on Friday night. There are 11 more dates lined up between Jan. 26 and Feb. 18. The 19 shows on the books could generate another $120 million, pushing the residency to about $330 million in less than five months. Only Dion’s A New Day… would remain ahead in terms of all residencies in Boxscore history.
The only thing is few bands can pull this off. U2 is one. Although LV has tons of successful concert residencies. They tend to be in much smaller spaces, and much less multimedia intensive.
Labels: change-innovation-transformation, destination management, gambling-gaming, hotels/accommodations, retail planning, tourism marketing, tourism planning, Transformational Projects Action Planning
6 Comments:
https://vt.co/news/las-vegas-sphere-100-million-loss-finances
https://nypost.com/2023/11/27/entertainment/get-last-minute-tickets-to-see-u2-at-the-sphere-in-las-vegas/
Speaking of attraction management and cultural planning. In Philadelphia
Franklin Institute’s IMAX theater will not be reopening
https://www.inquirer.com/arts/franklin-institute-imax-permanent-closure-20231129.html
The only domed, large-format film venue in Philadelphia was closed down with the rest of the science center at the start of the pandemic in March 2020. When the institute reopened after a few months, the IMAX theater remained shuttered with its fate unclear.
Now, leaders say that after a period of examination, they have decided to close it for good, ending the theater’s three-decade run of movies on subjects ranging from pandas, volcanos, and Mars to the Rolling Stones.
The space will be mothballed for the foreseeable future and turned into something else, said Franklin Institute president and CEO Larry Dubinski.
To keep the theater going, Dubinski said, would have required “a new projection system, screen, and everything else.” Ultimately, the science center concluded that “this was not the way to invest dollars and move forward right now.”
The Franklin Institute also considered the financial returns on showing the kind of first-run movies it has hosted in the past. This summer’s Oppenheimer, for instance, would have been a perfect fit for the Franklin’s IMAX theater.
“So many of the proceeds go back to the distributor before you even see something,” Dubinski said, referring to a cut of ticket revenue.
Another factor in the institute’s decision to close the IMAX theater was today’s easy availability of documentaries and entertainment to almost anyone anywhere.
“Many of the types of films that we would have brought here to the Franklin Institute, now you can get on one of a thousand channels at home. And we’re about creating a phenomenal educational experience that is unique,” he said.
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I don't know, do IMAX theaters have more drawing power than the average stream or movie theater?
Plus, they shouldn't have had to rely solely on their own revenues to do the redo. That's what cultural planning and funding streams are for.
https://www.hollywoodreporter.com/business/business-news/money-sphere-las-vegas-u2-darren-aronofsky-revenue-1235712294/
https://archinect.com/news/bustler/9753/las-vegas-sphere-launches-10-000-design-contest-aimed-at-local-students
Las Vegas Sphere launches $10,000 design contest aimed at local students
3/16/24
https://www.post-
gazette.com/business/tech-news/2024/12/04/sphere-las-vegas-led-eagles-postcard-from-earth/stories/202412050034
How the Sphere in Las Vegas plans to boost profits — and how much you’ll pay
One of the goals is to have something going on in the 17,000-seat venue every day of the year
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