The Sphere in Las Vegas has set a new all-time record for concert venue earnings, generating $420.5 million from 1.3 million tickets sold in 2024. This achievement makes it not only the top-earning venue of the year but also the highest-grossing concert venue in history, becoming the first to surpass both $300 million and $400 million in annual earnings.

The venue's success can be attributed to its unique features, including:

• Floor-to-ceiling wraparound LED screen
• 4D physical effects
• Immersive audio system
• Large capacity (15,000-17,000 tickets per show)

Despite record-breaking revenue, the Sphere reported significant financial losses:

• $341.2 million operating loss for fiscal year ending June 2024
• $125.1 million loss in Q3 2024
• Total revenue of $1.03 billion for fiscal year 2024

U2's residency highlights:

• Earned $244.5 million across 40 shows
• Became fourth highest-grossing residency in Billboard Boxscore history
• Received 90% of ticket sales plus $10 million for visual production

The venue's high operating costs, particularly artist compensation, contribute to its current unprofitability. Following U2's successful run, the Sphere has hosted other major acts including Phish, Dead & Company, and the Eagles, maintaining similar high-cost arrangements with performers.

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