Las Vegas Sphere Charges $450,000 Per Day for Advertising, According to Journalist
A Twitter post from journalist PitchDeckGuy has revealed that the Las Vegas Sphere reportedly charges $450,000 per day for advertising. The post reported that $1 million was spent on advertising for the Sphere over the course of one week.
This news has sparked a debate online, with some people questioning whether the price is too high or too low, while others are wondering how the Sphere will recoup its $2.3 billion construction cost.
One Twitter user calculated that it would take 14 years for the Sphere to pay back its investment if it was booked every day and charged $450,000 per day. However, another user pointed out that the Sphere is already booked every day, so it is likely to see a return on its investment sooner than that.
It is unclear how much U2 spent to advertise their 25-day residency at the Sphere. However, PitchDeckGuy’s post suggests that U2’s residency is a “key in-market event,” meaning it is already hugely popular and is attracting a lot of consumer interest.
The Sphere is a unique advertising platform that offers businesses the opportunity to reach a large audience with their messages. It is unclear whether the high price tag will deter businesses from advertising on the Sphere, but it is clear that the Sphere is a valuable asset for Las Vegas.