Las Vegas brand-new multi-billion dollar venue, the MSG Sphere, has reported a $98.4 million loss this quarter.
The sphere, which officially opened on September 29 with the first of U2’s residency shows, initially predicted revenues around $117.3 million, but a report from The New York Post on Tuesday indicates that the venue’s revenue streams are now down 71 percent.
The New York Post also reported The Sphere’s Chief Financial Officer, Gautam Ranji has quit his job, following a spat with MSG CEO James Dolan, who was allegedly “yelling and screaming” at Ranji.
In a Securities…
