SBI Holdings eyes Sphere arena in new Tokyo entertainment push

The Sphere lights up in Las Vegas
SBI Holdings is exploring plans to build a Tokyo arena modeled on the iconic immersive venue
| GETTY IMAGES / VIA BLOOMBERG
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SBI Holdings is exploring plans to build a large-scale immersive arena in Tokyo aiming to replicate the Sphere in Las Vegas as part of a broader push by the group into media and entertainment.At a media briefing on Tuesday, the Tokyo-based financial group said it has entered into negotiations with U.S
company Madison Square Garden (MSG) Entertainment to develop a Japan version of the spherical arena, known for its wraparound LED dome and immersive visual experiences.SBI is considering the Odaiba waterfront district as a potential site for the project, with total construction costs currently estimated at about ¥350 billion ($2.2 billion), though Chairman and President Yoshitaka Kitao indicated the final price could rise closer to ¥500 billion depending on global conditions and construction costs.

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