A Film Engineering Feat
Sphere Entertainment's engineering team used AI-powered "outpainting" to reimagine the Judy Garland classic, digitally expanding its frames to envelop the venue's 16K wraparound screen. The $2.3 billion venue near the Las Vegas Strip, opened in September 2023, features 167,000 speakers and 4D effects, including seat vibrations and tailored scents to realize Dolan's vision of making the audience "feel present during the original filming."
A restoration team, including Oscar winners and film historians, spent 18 months enhancing archived footage to reveal details lost in traditional screenings. While Dolan acknowledged the project's high costs, he emphasized AI's critical role in achieving the "groundbreaking" result. He predicts the experience could boost Sphere's share of Vegas tourists to 10%.
Solidifying Ambitions
Sphere's iconic exterior now features the Wicked Witch of the East's legs and 22-foot ruby slippers as homage to the cinematic venture. The Venetian Resort adjacent to the venue has launched exclusive Wizard of Oz-themed stay packages from August 28.
With ticket sales selling through March 2026 and the documentary "From the Edge" slated for 2026, Dolan asserts the model will inspire more filmmakers to work with the venue. Concert programming is also busier for the venue with 100 shows booked for 2025 compared to 70 in 2024. The company also intends to expand internationally, with plans underway for an Abu Dhabi Sphere.
Analysts Eye Growth
Wall Street analysts project Sphere's Wizard of Oz screenings will drive record revenues. Wolfe Research forecasts $110 million in Q4 2025, surpassing Q1's $101 million benchmark. Sphere shares surged 4.5% Tuesday despite the mixed bag of Q2 revenue results, as Earnings Per Share (EPS) outperformed expectations, but company revenue fell short of expectations.