The Madison Square Garden Company (NYSE:MSG) today announced that
it has engaged AECOM (NYSE:ACM) to serve as general contractor for
MSG Sphere at The Venetian, MSG’s state-of-the-art entertainment
venue currently under construction in Las Vegas.
AECOM is known nationwide as a leading builder of stadiums and
entertainment facilities, such as T-Mobile Arena in Las Vegas, NV;
Mercedes-Benz Stadium and State Farm Arena in Atlanta, GA; and the
USTA Billie Jean King National Tennis Center in Queens, NY.
Jayne McGivern, MSG’s Executive Vice President of Development
and Construction, said, “We are making important progress in Las
Vegas and are pleased to have added another world-class company to
our team. AECOM’s experience creating bold, innovative projects
makes them the ideal partner for bringing MSG Sphere at The
Venetian to life. We look forward to working with them to deliver a
truly groundbreaking experience for Las Vegas, one that will
ultimately redefine the entertainment industry and serve as a
long-term investment in the city’s role as a leading international
tourist destination.”
“We’re excited to partner with The Madison Square Garden Company
to deliver a next-generation venue in the heart of the world’s most
celebrated entertainment capital,” said Michael S. Burke, AECOM’s
Chairman and Chief Executive Officer. “We’re thrilled about this
opportunity to leverage our unrivaled construction management
capabilities and expertise on the world’s most complex projects to
help transform an ambitious vision into a destination venue unlike
any that exists today.”
Located on an 18-acre site on Sands Avenue between Manhattan
Street and Koval Lane, MSG Sphere at The Venetian will feature an
iconic spherical shape, with a fully programmable LED exterior.
This first-of-its-kind venue will be 360-feet tall and 516-feet
wide, and will connect to Las Vegas Sands’ Venetian Resort, the
largest resort under one roof in North America, via an
approximately 1,000-foot long pedestrian bridge.
With a scalable capacity of approximately 17,500 seated, MSG
Sphere at The Venetian will be the first venue to deliver a fully
immersive experience on such a large scale. Inside the venue,
guests will be surrounded by the largest and highest resolution LED
screen on Earth. More than 160,000 square ft. of display surface
(equal to three football fields) will wrap up, over and behind the
stage and audience, delivering a totally immersive visual
environment – at a resolution 100 times better than today’s HD
televisions.
Every guest will enjoy crystal clear audio with an advanced
acoustics system that features beamforming technology, enabling
audio to be directed to specific locations in the bowl at a volume
that remains constant – from point of origin to destination.
Beamforming technology also allows multiple forms of content to be
delivered simultaneously, which means two people -- sitting five
feet apart – could hear completely different things, adding to the
possibilities for a truly customized experience.
To awaken the sense of touch, an infrasound haptic system will
use deep vibrations so that guests can “feel” the experience –
whether it’s a volcano erupting or a motorcycle roaring by. And MSG
Sphere at The Venetian will also ignite one of the most powerful
human senses – the sense of smell – through evocative scents that
truly transport audiences.
Additionally, the ground-breaking venue will introduce a new
architecture for connectivity that will deliver 25 megabits per
second for every guest, enabling a broader range of content and
greater interaction.
These technologies will come together to create a powerful
platform, making MSG Sphere at The Venetian the venue of choice for
a wide variety of content -- including attractions, concerts,
residencies, family shows, corporate events, award shows, product
launches and select sporting events. In addition, the venue will
feature an array of first-class amenities – from luxurious seating
and hospitality offerings for a wide range of audiences, to deluxe,
dedicated areas designed specifically for artists.
The world-class team tasked with helping MSG realize its vision
also includes Populous, one of the world’s leading design firms,
and Rider Levett Bucknall, who will serve as Project Manager. MSG’s
goal is to open MSG Sphere at The Venetian in calendar 2021.
About The Madison Square Garden
CompanyThe Madison Square Garden Company (MSG) is a world
leader in live sports and entertainment experiences. The
company presents or hosts a broad array of premier events in its
diverse collection of iconic venues: New York’s Madison Square
Garden, Hulu Theater at Madison Square Garden, Radio City Music
Hall and Beacon Theatre; the Forum in Inglewood, CA; and The
Chicago Theatre. Other MSG properties include legendary
sports franchises: the New York Knicks (NBA) and the New York
Rangers (NHL); two development league teams – the Westchester
Knicks (NBAGL) and the Hartford Wolf Pack (AHL); and esports teams
through Counter Logic Gaming, a leading North American esports
organization, and Knicks Gaming, MSG’s NBA 2K League franchise.
In addition, the Company features the popular original
production – the Christmas Spectacular Starring the Radio
City Rockettes – and through Boston Calling Events, produces New
England’s preeminent Boston Calling Music Festival. Also
under the MSG umbrella is TAO Group, a world-class hospitality
group with globally-recognized entertainment dining and nightlife
brands: Tao, Marquee, Lavo, Avenue, Beauty & Essex and
Vandal. More information is available
at www.themadisonsquaregardencompany.com
About AECOM AECOM (NYSE:ACM) is
built to deliver a better world. We design, build, finance and
operate critical infrastructure assets for governments, businesses
and organizations. As a fully integrated firm, we connect knowledge
and experience across our global network of experts to help clients
solve their most complex challenges. From high-performance
buildings and infrastructure, to resilient communities and
environments, to stable and secure nations, our work is
transformative, differentiated and vital. A Fortune 500 firm, AECOM
had revenue of approximately $20.2 billion during fiscal year 2018.
See how we deliver what others can only imagine at aecom.com and
@AECOM.
All statements in this press release other than statements of
historical fact are "forward-looking statements" for purposes of
federal and state securities laws including statements relating to
the expected term and performance of the MSG Sphere at the Venetian
contract, the timing of the Sphere opening and future economic
and industry conditions. Important factors that could cause actual
results to differ materially from forward-looking statements are
set forth in MSG’s and AECOM’s filings with
the U.S. Securities and Exchange Commission, including
the sections titled “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations”
contained therein. MSG and AECOM disclaim any
obligation to update any forward-looking statements contained
herein except required by applicable law.
Contacts:Maire
Griffin
The Madison Square Garden
Company
212-465-6672
maire.griffin@msg.com
Brendan Ranson-Walsh AECOM
213-996-2367brendan.ranson-walsh@aecom.com
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