Sphere Entertainment announces plans to make Abu Dhabi the next Sphere venue

Sphere Entertainment Co. (“Sphere Entertainment”) and the Department of Culture and Tourism – Abu Dhabi (“DCT Abu Dhabi”) announced today that they will work together to bring the world’s second Sphere to Abu Dhabi, United Arab Emirates, bring to. This next-generation entertainment medium is expected to be a groundbreaking addition to this leading international capital, expanding the entertainment offering for residents and visitors alike.

“Sphere’s vision has always included a global network of venues, and today’s announcement is a significant milestone toward that goal,” said James L. Dolan, Executive Chairman and Chief Executive Officer of Sphere Entertainment. “Sphere is redefining live entertainment and expanding the reach of its transformative impact. We are proud to partner with DCT Abu Dhabi to develop Sphere in their city.”

HE Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi, said: “We are delighted to bring Sphere to Abu Dhabi in collaboration with Sphere Entertainment and offer our residents and visitors an exceptional new form of entertainment.” Sphere Abu Dhabi will be progressive Seamlessly blending technology with compelling storytelling, creating unforgettable memories for all visitors. This partnership is in line with our Tourism Strategy 2030 and further establishes Abu Dhabi as a vibrant hub of culture and innovation. By introducing cutting-edge entertainment like Sphere, we are not only raising our global profile, but also setting new standards for immersive experiences and cultural offerings.”

Since opening the first Sphere in Las Vegas in September 2023 to worldwide success, Sphere Entertainment has been actively pursuing its plans to build a global network of Sphere venues. This expansion is expected to provide significant growth potential and create new revenue streams by leveraging Sphere Entertainment’s expertise, proprietary technology and original content.

Located in a prime location in Abu Dhabi, this venue mirrors the size of the 20,000-capacity Sphere in Las Vegas. He promises to redefine entertainment in the region. Sphere in Abu Dhabi is expected to be a major draw for residents and visitors from around the world throughout the year, offering opportunities to experience events, concerts and shows like never before in an unforgettable and revolutionary environment.

Sphere Entertainment and DCT Abu Dhabi, the organization driving the growth of Abu Dhabi’s culture and tourism sector and promoting the city as a global destination, have agreed to collaborate on the construction of the next Sphere venue in Abu Dhabi, which will welcome more than 24 million visitors welcomed 2023. Under the terms of the partnership, which is subject to the execution of definitive agreements, DCT Abu Dhabi will pay Sphere Entertainment a franchise initiation fee for the right to build the venue utilizing Sphere Entertainment’s proprietary designs, technology and intellectual property . The construction will be funded by DCT Abu Dhabi, with Sphere Entertainment’s expert team providing services related to the development, construction and pre-opening of the venue.

Following the venue’s opening, Sphere Entertainment plans to maintain ongoing agreements with DCT Abu Dhabi, which are expected to include annual fees for creative and artistic content licensed by Sphere Entertainment, such as: B. Sphere Experiences; Use of Sphere’s trademark, patents, proprietary technology and intellectual property; and operational services related to venue operations and technology, as well as commercial and strategic advisory support.