MSG reacts after London Sphere plans rejected
Madison Square Garden (MSG) Entertainment’s plans for a Sphere venue in London have today been rejected by the Mayor of London.
The company behind the recently launched $2.3 billion Sphere in Las Vegas, US had hoped to build a 21,500-capacity replica in Stratford, east London, but local residents complained that the venue, which is lit on the outside by millions of LED lights, would affect their quality of life.
A spokesperson for the Mayor of London, Sadiq Khan, said: “London is open to investment from around the world and Sadiq wants to see more world-class, ambitious, innovative entertainment venues in our city. But as part of looking at the planning application for the MSG Sphere, the Mayor has seen independent evidence that shows the current proposals would result in an unacceptable negative impact on local residents.”
The project was first announced more than five years ago and was approved in principal by the London Legacy Development Corporation (LLDC) in March last year, despite objections from various parties. Further “significant concerns” were raised about the building’s height, bulk, massing and that it is “not a sustainable building due to high energy usage”.
“There are many forward-thinking cities that are eager to bring this technology to their communities. We will concentrate on those”
A spokesperson for MSG tells IQ: “While we are disappointed in London’s decision, there are many forward-thinking cities that are eager to bring this technology to their communities. We will concentrate on those.”
MSG’s futuristic Las Vegas Sphere launched in September to rave reviews with U2’s U2:UV Achtung Baby Live At Sphere residency. The proposed London spin-off, designed by architect Populous, would be covered in LED panels and stand almost 100m (300ft) high and 120m (360ft) wide. Recent reports suggested that developers had offered locals blackout blinds to make up for the glowing images they would be broadcasting via the structure’s external LED panels.
The venue would have been located four miles from AEG Europe’s The O2 (20,000-cap) in North Greenwich. A spokesperson for AEG, which has been a vocal opponent of the scheme and called on levelling up secretary Michael Gove to block the proposal, said it welcomed the decision.
“We welcome the Mayor of London’s decision to direct refusal of the Sphere’s planning application today,” says the firm. “We do not oppose competition in the live entertainment industry, and specifically do not oppose another large music venue in London. However, this proposal had fundamental flaws from the beginning. It was the wrong design, in the wrong location, and this was the right call.”
Today’s rejection comes a month after MSG boss James Dolan insisted the development – along with other potential spinoffs outside North America – was “still very much moving forward”.
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Sphere expects two more residencies for H1 ’24
James Dolan has revealed the Sphere in Las Vegas expects to host two more residencies in the first half of 2024 in the wake of U2’s acclaimed run.
The Sphere Entertainment executive chair and CEO addressed investors this week during the company’s first earnings call since the opening of the futuristic $2.3 billion venue on 29 September.
According to the filing for fiscal Q1 2024 – covering the three-month period ending 30 September 2023 – the first two U2:UV Achtung Baby Live At Sphere dates earned a total of $4.1m. The band’s residency was recently extended to 36 shows, running until 18 February 2024, and Dolan reported that discussions were ongoing with other artists regarding runs of varying lengths.
“Every U2 show so far has been sold out,” said Dolan. “The incredible response to U2’s run at Sphere has only increased interest from the artist community to play the venue, and we’re having conversations with artists across a wide variety of genres. We expect to host two additional residencies in the second half of this fiscal year and look forward to sharing more detail.”
The Madison Square Garden spin-off posted revenue of $118 million for the quarter, as well as an operating loss of $69m and an adjusted operating loss of $57.9m, but Dolan said its long-term prospects were very positive.
“While it will take some time for Sphere to realise its full potential, we’re off to a great start,” he said. “We are already seeing Sphere’s ability to inspire all and wonder, and the venue has become a landmark destination in Las Vegas, but we’ve only just begun to scratch the surface and are excited by how much further we can take this new entertainment media in the future, including to new markets.
“While you should not expect the venue to reach its full economic potential right away, our momentum is building with artists, promoters, sponsors and guests from across the globe, and we remain confident in the long-term outlook for Sphere.”
Dolan outlined the plan to make the Sphere a 365-day-a-year venue, hosting “multiple events per day on many days”. He added that the “Sphere Experience” concept, which debuted on 6 October with the Darren Aronofsky-directed immersive production Postcard from Earth, was a “core component” of that strategy.
“Through the end of October, we have grossed over $1 million in average daily ticket sales each day”
“We’ve been very pleased with the reception of the Sphere Experience from our guests as well as the critical claim Postcard from Earth has received for its captivating visuals and use of the venue’s immersive technologies to engage the senses and enchant our audiences,” he said.
“This has translated into strong ticket sales to date. Through the end of October, we have grossed over $1 million in average daily ticket sales each day. As we learn more about our audiences and the venue, we’re already planning ways to continue enhancing the signature content category.
“This is the first of what will be different iterations of the Sphere experience. That includes populating the atrium with additional technology exhibits and at time introducing new cinematic content as we keep Sphere at the forefront of innovative experiences.”
Both the U2 residency and Sphere Experience will take short breaks while Formula 1 begin’s a planned multi-day takeover of Sphere in the run-up to the inaugural Las Vegas Grand Prix on 19 November.
Earlier this week, Madison Square Garden Entertainment (MSGE) reported revenue of $142.2m in its fiscal 2024 first quarter, down 3% ($4.2m) year over year. The financial results were MSGE’s first as a standalone live entertainment company after it spun off from MSG’s Sphere and MSG Networks businesses in April.
MSGE – which owns venues including New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre and The Chicago Theatre – said the decrease “primarily reflected a lower number of concerts”, compared to the prior year quarter.
Meanwhile, Sphere Entertainment has acknowledged the departure of CFO Gautam Ranji, who stepped down on 3 November. An SEC filing said his exit was “not a result of any disagreement with the company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure or internal controls”.
“We thank him for all of his contributions during his time at the company and wish him well in his future endeavours,” added Dolan.
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IQ 123 out now: Alex Bruford, Louis Tomlinson, The Sphere
IQ 123, the latest issue of the international live music industry’s favourite magazine, is available to read online now.
The November 2023 edition sees Gordon Masson talk to Alex Bruford about his first 20 years in music and the philosophies behind his ATC Live agency and, elsewhere, the IQ editor goes behind the scenes of Louis Tomlinson’s Faith in the Future world tour.
In addition, the issue offers a deep dive into the growing live music cruise business, as well as a health check on the Danish market. Plus, the IQ team reflects on the recent International Festival Forum (IFF) and looks ahead to the ‘out-of-this-world’ 36th edition of ILMC.
For this edition’s comment and columns, IQ passes the mick to Nick Morgan for some key takeaways from a decade of producing and organising festivals, while Rachel Flaszczak explains how MVT’s Own Our Venues helped save her grassroots music venue for future generations.
As always, the majority of the magazine’s content will appear online in some form in the next four weeks.
However, if you can’t wait for your fix of essential live music industry features, opinion and analysis, click here to subscribe to IQ from just £8 a month – or check out what you’re missing out on with the limited preview below:
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Star-studded kick-off event set for F1 Las Vegas
The inaugural Formula 1 Las Vegas Grand Prix will kick off with a star-studded showcase, featuring artists including J Balvin, Journey, Keith Urban, and Steve Aoki.
Set for Wednesday, 15 November, the jam-packed event will precede the first-ever Vegas GP weekend. The opening ceremony will span seven stages and include performances from will.i.am, Thirty Seconds to Mars, Bishop Briggs, Swedish House Mafia, along with appearances by the Blue Man Group and Cirque du Soleil.
“It was important for us to create an opening ceremony that balances the spirit of Las Vegas with the global excitement that Formula 1 and these incredible drivers bring to each host city,” says Renee Wilm, Las Vegas Grand Prix, Inc. CEO.
The opening ceremony is expected to garner 30,000 attendees, will be broadcast nationally, and will be streamed globally on F1’s YouTube channel. An estimated 300,000 people will attend the maiden three-day event in Nevada.
“We are proud to be able to work with the very best in the entertainment production space”
“We are proud to be able to work with the very best in the entertainment production space to offer one of the most diverse line-ups of beloved musical superstars, which will officially launch the race week festivities,” says Wilm.
The Wednesday celebration adds to the F1 weekend’s entertainment lineup, with performances from Mark Ronson, Kylie Minogue, Nile Rogers & Chic, and Major Lazer to take place at the T-Mobile Zone at Sphere. The track will encircle the new 18,600-cap MSG venue, which will have a dedicated fan zone during the event weekend.
Breaking from the traditional weekend calendar, the race will take place on the evening of Saturday (18 November) instead of the Sunday. The third race held in the US this year, following races in Miami and Austin, the Las Vegas GP will transform the iconic Las Vegas Boulevard into a high-impact race course.
Expected to be “one of the biggest sporting events of the year”, according to F1, the flurry of entertainment corresponds with a new venue boom in Sin City.
The $2.3bn Sphere, which opened in September, will see U2 play 11 more dates during their U2:UV Achtung Baby residency. Additionally, the new luxury resort Fontainebleau will launch its intimate 3,600-cap BleauLive Theatre with two nights from Post Malone later this year.
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U2 add 11 Sphere shows amid ‘unprecedented demand’
U2 have added a further 11 nights to their acclaimed U2:UV Achtung Baby Live At Sphere residency, prompted by “unprecedented demand”.
The extension brings the overall total of dates at the next-generation venue to 36, with the additional shows announced for 26-27 & 31 January and 2-3, 7, 9-10, 15 & 17-18 February.
The Irish rockers have completed the first nine shows of the run, which launched to rave reviews on 29 September to open Sphere Entertainment’s $2.3 billion, 20,000-cap Sphere in Las Vegas. Dutch musician Bram van den Berg has stepped in as a temporary replacement for drummer Larry Mullen Jr, who is taking time out due to surgery.
Tickets start at US$140 (€132), with 60% of tickets priced under $300. In an effort to help minimise resale and keep ticket prices at face value, general admission floor tickets are restricted from transfer and may only be resold at the original purchase price. Hospitality packages via LN’s music-led destination experience company Vibee include premium concert seating with priority entry to Sphere and hotel rooms at The Venetian Resort.
At each performance, 50 tickets to experience the show from an exclusive VIP riser will be made available for purchase benefitting (RED), the organisation founded by Bono and Bobby Shriver in 2006 to fight AIDS.
“We’re so grateful once again to U2 for their generosity”
“We’re so grateful once again to U2 for their generosity. And we’re very excited that each U2:UV Achtung Baby Live At Sphere performance will feature an iconic (RED) Zone, which lets fans choose (RED) and save lives while enjoying the show with an excellent view of the stage,” says Jennifer Lotito, president and COO of (RED).
“Over the years, U2’s generosity has delivered nearly $23 million for (RED)’s fight to end AIDS. Thanks to U2 and U2 fans everywhere for helping (RED) make preventable and treatable disease preventable and treatable for everyone.”
MSG Entertainment boss James Dolan recently offered an update on the company’s contentious plans for MSG London Sphere, saying the scheme was “moving forward”.
Elsewhere, Post Malone has been confirmed as the opening act at another new Las Vegas venue, the BleauLive Theater. The rapper will play two shows at the 3,800-cap venue from 30-31 December, while Kylie Minogue will be the first headliner of The Venetian Resort Las Vegas’ intimate 1,000-seat venue, Voltaire, which opens on 3 November.
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Vegas venue boom intensifies with BleauLive launch
Just weeks after the launch of MSG’s groundbreaking Sphere at The Venetian in Las Vegas, Post Malone has been confirmed as the opening act at another new venue in the US city later this year.
The rapper, who recently headlined the inaugural edition of The Town festival in São Paulo, Brazil, will play two shows at the BleauLive Theater over New Year’s Eve weekend, from 30-31 December.
The 3,800-cap hub will be located on the second floor of the long-delayed $3.7 billion luxury resort Fontainebleau Las Vegas, which opens its doors on 13 December.
“We’re incredibly proud to have Post Malone – one of the most sought-after and show-stopping entertainers of his generation – make history as the first artist to perform for our guests following our December 13 grand opening,” says Fontainebleau Development chairman and CEO Jeffrey Soffer.
Tickets go on sale tomorrow (20 October), priced from $150 (€142). Fountainbleau Las Vegas is also offering a New Year’s Eve package that includes a two-night stay in one of the resort’s rooms and suites. Starting at $3,700, the package also includes a pair of row-A tickets to the concert on either night, in addition to a $250 resort food and drink credit.
Speaking to Billboard, Fontainebleau Development president Brett Mufson says the BleauLive Theater is close to finalising agreements with more than half a dozen acts, but indicates the venue will stick to limited engagements rather than the multi-year residencies favoured by its neighbours.
“Las Vegas is probably the most competitive market in the world for talent”
“We will do two to six shows or two to eight shows,” reveals Mufson. “That’s the right thing to dip our toe in.”
Mufson says Live Nation assisted with the design of the venue, which can also run events with a lower tier configuration of 1,500-cap.
Fontainebleau SVP of entertainment and special events Fedor Banuchi adds that Las Vegas is “probably the most competitive market in the world for talent”.
“This theatre will represent the newest, best place for an artist who wants to be associated with a luxury brand,” suggests Banuchi. “Post is an arena — borderline stadium act — and in this size venue he will bring exactly the energy we want.”
U2 opened the $2.3bn Sphere at The Venetian last month, ushering in “a new era in live entertainment” by kicking off their 25-date residency at the 20,000-cap venue on 29 September.
Elsewhere, Kylie Minogue will be the first headliner of The Venetian Resort Las Vegas’ intimate 1,000-seat venue, Voltaire, which opens on 3 November. Other ongoing Vegas residencies include Lady Gaga at Dolby Theatre, Park MGM, Usher at the same venue and Adele at the Colosseum, Caesar’s Palace.
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U2’s Las Vegas Sphere premiere wows critics
U2 have won widespread critical acclaim after ushering in “a new era in live entertainment” with the premiere of their U2:UV Achtung Baby Live At Sphere residency.
The Irish legends launched the 25-show run on Friday (29 September) to open Sphere Entertainment’s $2.3 billion Sphere at The Venetian in Las Vegas, US.
Based around U2’s classic 1991 album Achtung Baby, the residency at the cutting-edge 17,500-seat/20,000-cap venue marks the band’s first live concerts since 2019. Dutch musician Bram van den Berg has stepped in as a temporary replacement for drummer Larry Mullen Jr, who will miss the gigs as he takes time out due to surgery.
The fully-immersive show, which sees the group reunite with longtime creative collaborator and show director Willie Williams, utilises every part of Sphere’s LED screen – showcasing bespoke art from renowned artists including Es Devlin, John Gerrard, Marco Brambilla and Industrial Light & Magic, while performing on a Brian Eno-inspired turntable stage.
Variety‘s Chris Willman lauded the performance as “the greatest-show-on-earth”, concluding that it “marks the apotheosis of a bigger-is-better ethos that has regularly occurred throughout the band’s career”.
“What U2 are doing in the Sphere is going to have an impact on the whole of live entertainment”
“Not to take any credit away from U2, but the most impressive moment of the Sphere show may be when you first walk in the room,” added Willman. “And that happens on two levels, literally. Above you, that massive domed ceiling has been made to look like you are in some industrial grain silo that has been constructed sky-high.
“It’s an immediate indication of some of the offbeat photorealism you will be in for. But at the same time, if you’re on one of the lower levels of the multi-tiered auditorium, looking out over the general-admission SRO floor, and block out what’s hovering over you (which is surprisingly easy to do), you suddenly feel like you’re in the world’s coolest nightclub.”
The Telegraph‘s Neil McCormick rated the show 5/5, adding: “In the wrong hands, this technology could be quite nauseating. But U2 are past masters when it comes to the emotional dynamics of a show… The focus (for the most part) remained very much on the band on a surprisingly spartan stage, with nothing between them and the audience. They may have been high-definition on the vast screen, but they were also right there in the flesh.
“They say what happens in Vegas stays in Vegas. Not this time, I think. What U2 are doing in the Sphere is going to have an impact on the whole of live entertainment.”
“It works so well that, like Abba’s Voyage show, you leave feeling confident this is an idea others are going to copy”
In another five-star review, the Guardian‘s Alexis Petridis concluded: “This cocktail of eye-popping visuals and slightly unruly performances absolutely works, allaying any concerns that a band from the post-punk era and the old showbiz connotations of a residency in Las Vegas constitute a slightly uncomfortable fit, regardless of how many millions of records the band has sold, or how mainstream an audience they’ve attracted in the interim. Indeed, it works so well that, like Abba’s Voyage show, you leave feeling confident this is an idea others are going to copy.”
NME also awarded the gig full marks, with Damian Jones writing: “Despite the early onslaught of breathtaking visuals, surprisingly the band almost abandon them for a good middle section of the show.
“Edge previously pointed out that U2 are taking the live concert experience ‘to the next level’ and this opening night does a fine balancing act of doing just that while also ensuring their music remains very much at the forefront.”
The New York Times‘ Jon Caramanica was rather less complimentary, writing: “Impressively detailed and lightly shocking, Sphere registers in intensity if not scale — at 366 feet, it is not even one of the 40 tallest buildings in Las Vegas. But on some level, its power is grounded simply in the novelty of the shape, even in a town that already has a pyramid and a palace and a castle.
“But inside it is, simply, a concert venue, albeit one with distinct advantages and challenges. In dry stretches, when the space between the band and the huge screen and the crowd was palpable, the result paralleled the airy emptiness of a corporate convention gig. In a stadium show, you can almost obscure a low-enthusiasm performance — here there was nowhere to hide.
“That’s because, despite the visual ambition the space demands, little of that burden falls on the band itself, which is largely confined to the size of stage one might find in any regional theatre across the country. It is a strangely vulnerable and inelegant setup for what is essentially a sinecure gig for a still-craved band.”
“I’ll tell you who is one hard worker: James Dolan… Thank you for this wondrous place”
Ticket prices started at $140 for the residency, which runs until 16 December, with 60% of tickets priced under $300 and more than one million ticket requests received. Celebrities in attendance on the opening night included Paul McCartney, Dr Dre, Snoop Dogg, Katy Perry, Jimmy Iovine, Lars Ulrich, Oprah, Matt Damon and Orlando Bloom.
The Sphere boasts the first 16K screen that wraps up, around, and behind the audience, plus Sphere Immersive Sound and 4D technologies. The 580,000 sq ft fully programmable LED screen comprises approximately 1.2 million LED pucks, each containing 48 individual LED diodes that can display 256 million different colours. Further live music headliners are yet to be announced.
The Sphere is the brainchild of Madison Square Garden Entertainment boss James Dolan, whom Rolling Stone reports earned a special shout out from Bono at the show, alongside Irving and Jeffrey Azoff, Arthur Fogel, Michael Rapino, and U2’s former managers Paul McGuinness and Guy Oseary,
“I’ll tell you who is one hard worker: James Dolan,” said the frontman. “Thank you for the Sphere. You’re one mad bastard. Thank you for this wondrous place.”
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First look inside MSG Sphere Las Vegas
A first look at the inside of the new $2.3 billion MSG Sphere venue in Las Vegas has been shared.
The venue is set to open on 29 September with U2’s residency, U2:UV Achtung Baby Live At The Sphere, which elicited a million ticket request registrations for its on-sale.
Also opening at the Sphere on 6 October is a new nature film from director Darren Aronofsky titled Postcard From Earth.
The director shared the first look at the interior of the venue and its Exosphere, the largest LED screen on earth.
The 580,000 sq ft fully programmable LED screen comprises approximately 1.2 million LED pucks, each containing 48 individual LED diodes that can display 256 million different colours.
“My iPhone can’t come close to capturing the definition on the screen,” said Aronofsky. “At times you forget where you are and you’re transported to the other side of our home.”
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Earlier this summer, the exterior of the new venue was lit up for the first time to celebrate the Fourth of July in the US.
Earlier this year, U2 gave Apple Music’s Zane Lowe a sneak preview tour of the Sphere and a glimpse into their ideas as they began to create the production.
The band’s Bono and The Edge shared several key details about the Sphere, noting that it was built specifically for live performances and the arts, rather than a typical arena that’s built for sports. The venue boasts Sphere Immersive Sound and 4D technologies.
“There are no speakers. The entire building is a speaker. So wherever you are, you have perfect sound is the plan,” said Bono.
“There’s nothing else like it in the world and won’t be for many, many years,” added The Edge.
This is what the Las Vegas Sphere looks like on the inside 😯
Who would you want to see perform here?? pic.twitter.com/3mXLKan5XP
— edmtrain (@edmtrainapp) July 24, 2023
U2’s special run of concerts – based around the group’s classic 1991 album Achtung Baby, marks their first live outing in four years, following The Joshua Tree 30th anniversary stadium tour, which was seen by 3.28 million fans worldwide from 2017-19, and grossed US$390.8 million.
Another Sphere has been proposed for east London but has hit significant delays.
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Ed Sheeran show axed last minute due to venue issues
Ed Sheeran’s Saturday concert at the Allegiant Stadium in Las Vegas was called off at the last minute due to “flooring issues”.
The 65,000-capacity venue initially warned fans shortly before the concert was due to start that it would be “significantly delayed” but it ended up being cancelled altogether.
The British singer revealed on social media on Sunday that he and his team battled for 24 hours to save the Mathematics Tour show after a “flooring problem” was identified.
The post explained that when the crew were bringing in their equipment ahead of the soundcheck, “rubber tiling had become unstuck – causing two tall towers to slip overnight by about a foot each”.
“We really tried to do the best we could to make the show happen but I’m not gonna risk the safety of my fans for anything”
“It was a safety issue, and we really tried to do the best we could to make the show happen but I’m not gonna risk the safety of my fans for anything,” wrote Sheeran. “I really am gutted, this was very much out of my control but I do take full responsibility for everyone that was put out from the cancellation.”
With temperatures over 90 degrees, some fans required medical attention for heat-related issues, the Clark County Fire Department told 8 News Now, with one person transported to a local hospital.
Allegiant Stadium said in a statement that “stadium doors were opened at 5:05 PM to get fans out of the heat and we ensured that anyone requiring assistance received it”.
Sheeran apologised for the lateness of the cancellation: “Nothing will take away from the effort people went to get to Vegas though and I’m sorry it wasn’t communicated sooner to the people waiting outside. We really thought the show was going to happen up until the very last moment but it just couldn’t for safety reasons.”
The show has been rescheduled for 28 October, pushing back the conclusion of the Mathematics Tour. The third and final leg of the 88-date tour had been due to finish at SoFi Stadium on 23 September.
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Sphere Entertainment posts 2023 financials
James Dolan’s Sphere Entertainment has posted revenue of US$573.8 million (€531m) and an operating loss of $273m for the 2023 financial year ahead of next month’s launch of its next-generation Las Vegas venue.
The Madison Square Garden (MSG) spin-off encompasses the first Sphere venue – the 17,500-seat/20,000-cap Sphere at The Venetian in Las Vegas – as well as MSG Networks MSG Networks and Tao Group Hospitality businesses.
For the fiscal 2023 fourth quarter, Sphere Entertainment reported revenues of $129.1m, plus an operating loss of $70.3m and an adjusted operating loss of $59.8m.
Its Q4 results included the spin-off of approximately two-thirds of the firm’s traditional live entertainment business plus the sale of its 66.9% majority interest in Tao Group.
“Our company completed a number of transactions this past year, including the live entertainment spin-off, that have supported our growth plans,” says executive chairman and CEO Dolan. “As we look ahead to our next chapter with the opening of Sphere in Las Vegas, we are confident that our company is well-positioned to generate long-term value for shareholders.”
The Sphere segment reported revenues of $0.7 million and direct operating expenses of $1.1m for Q4, which reflected “advertising and marketing costs related to Sphere in Las Vegas”. An operating loss of $95.2m was reported for the quarter – up $2.8m on the prior year quarter – primarily reflecting the increase in selling, general and administrative expenses.
“Throughout fiscal 2023, we saw robust demand for our portfolio of live entertainment offerings”
The venue is set to open on 29 September with U2’s residency, U2:UV Achtung Baby Live At The Sphere, which elicited a million ticket request registrations for its on-sale.
MSG Sphere will introduce the first 16K screen that wraps up, around, and behind the audience, and also boasts Sphere Immersive Sound and 4D technologies. In May, Sphere increased the estimated construction cost of the venue to $2.3 billion.
Last week, the separate MSG Entertainment business reported revenues of $851.5m for fiscal 2023, up 30% on the pandemic-impacted previous year. It also reported operating income of $105m, and adjusted operating income of $175m.
MSG Entertainment includes New York City’s 20,000-cap Madison Square Garden, The Hulu Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre, along with the firm’s entertainment and sports bookings business and long-term arena licence agreements with the NBA’s New York Knicks and NHL’s New York Rangers. The statement notes the company sold its controlling interest in Boston Calling Events in December 2022.
“Throughout fiscal 2023, we saw robust demand for our portfolio of live entertainment offerings,” adds Dolan. “Looking ahead, we see this momentum carrying into fiscal 2024 and believe we are well positioned to generate ongoing growth and value creation for shareholders.”
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