Published on: November 4, 2025, 04:40h.
Updated on: November 4, 2025, 04:40h.
How do you elevate an iconic spectacle like the revamped “The Wizard of Oz” at the Las Vegas Sphere? By presenting an even more innovative version!
During the third-quarter earnings presentation on November 4, Sphere Entertainment’s executive chairman and CEO James Dolan hinted at a possible release of “an upgraded version” of the popular immersive show on August 28, 2026, coinciding with the first anniversary of the original performance. Although details remain sparse, Dolan indicated that the upgrade would introduce new elements.
“We might take you for a ride on a witch’s broom during the show,” he commented. “I’m not entirely sure how much vitality that might bring to ‘Wizard of Oz,’ but I have a good feeling about it.”
Dolan didn’t provide information on how such a broom ride could be integrated, but it’s likely that AI-generated additional footage from the Wicked Witch’s perspective could enhance the experience.
Sphere Segment Thrives, Losses Narrow
Fueled by “Oz,” the Sphere division of Sphere Entertainment — which also encompasses the MSG Network — reported $174.1 million in revenue for Q3 2025. This reflects a remarkable 37% growth compared to the same period last year. Key drivers of this growth include:
- “The Wizard of Oz,” exceeding 1 million ticket sales and generating $130 million in revenue by mid-October
- Expanded concert residencies featuring renowned artists like the Eagles and Backstreet Boys
- Increased advertising and sponsorship agreements for the Sphere
Even with the revenue rise, the Sphere sector faced an operating loss of $84.4 million, though this marks a 32% improvement from the $125.1 million loss reported in Q3 2024.
Dolan emphasized his intention to wait for a drop in demand for the current “Oz” before introducing a new version.
“That might take longer than a year,” he said. “Looking at shows like ‘O,’ they made significant capital investments initially, and they’re still going strong.”
He noted that some variation of “Oz” could potentially run for ten years, referencing the resilience of Las Vegas mainstays and the Sphere’s capability to host multiple events daily.
“It wouldn’t surprise me,” he added.