U.S. music streaming services surpassed 100 million subscribers in 2024 [PDF] while industry revenue hit a record $14.9 billion, up 4% from the previous year, according to the Record Industry Association of America (RIAA). Physical media sales outpaced digital growth, with vinyl records increasing 7% to $1.4 billion, outselling CDs ($541 million) for the third consecutive year. Digital downloads plummeted 14.9%, now representing just 2% of industry revenue.

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Sphere Entertainment Co, the company behind the Las Vegas Sphere, said they are considering opening scaled-down versions of the immersive venue in other cities. AV Magazine reports: While this has been been feasible for its high-profile residencies such as U2, the Eagles, Dead & Company and Anyma, smaller venues could attract a broader range of artists who might not have the budget or demand to fill the flagship Las Vegas location. By scaling down the size while retaining the signature technology, Sphere Entertainment Co can offer a similar spectacle at a more sustainable cost for artists and spectators. The possibility of mini-Spheres follows news that a full-scale venue will open in the UAE as a result of a partnership between Sphere Entertainment Co and the Department of Culture and Tourism -- Abu Dhabi. Beyond concerts, the Las Vegas Sphere has proven successful with immersive films such as V-U2: An Immersive Concert Film and the Sphere Expeience featuring Darren Aronofsky's Postcard from Earth, which In January passed 1,000 screenings. "As we enter a new fiscal year, we see significant opportunities to drive our Sphere business forward in Las Vegas and beyond," said Dolan. "We believe we are on a path toward realizing our vision for this next-generation medium and generating long-term shareholder value."

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