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According to The New York Post, the venue is in talks with Warner Bros. Discovery to adapt the 1939 classic into a format that could be screened within the state-of-the-art, all-encompassing, LED-covered arena. In addition to expanding the visuals, the process would cut the film’s runtime from 102 minutes to 80. The whole production would likely cost around $80 million. (Notably, when adjusted for inflation, the original budget of The Wizard of Oz was just $25 million.)
While the price tag seems high (though, not in comparison to Sphere’s $2.3 billion construction cost), an anonymous source explained to The New York Post that the venue makes substantially more profit on original content than concerts. For example, should the Wizard of Oz deal go through, Warner Bros. Discovery will receive about 5% of the gross profit, according to The Post’s sources. ...
See the full story here: https://consequence.net/2024/08/sphere-the-wizard-of-oz/amp/