Lady Gaga is set to kick off a residency in Las Vegas at the MGM Park Theater. The deal closed over the weekend and will bring the pop star to the city starting in late 2018.
According to a source, Gaga will perform 74 dates with the possibility of a longer run. The deal is said to be potentially valued at nearly $100 million, with the pop star clearing a million-plus dollars per show to lock in $75 million over two years. Comparatively, Britney Spears’ two-year re-up at Planet Hollywood was in the range of $30 million. That show, “Piece of Me,” has grossed more than $135 million since Dec. 2013.
Gaga’s last touring run, of 37 shows, saw an average box office gross of $2.5 million, according to concert industry trade Pollstar.
The deal was negotiated by CAA’s Christian Carino and attorney Kenny Meiselas of Grubman Shire Meiselas & Sacks with Sonya Guardo.
Additional headliners at the MGM’s 5,200-seat Park Theater include Bruno Mars and Cher, both of whom are scheduled for multiple shows at the top of the year.
An announcement of the residency was posted on Gaga’s social media channels, along with photos of the deal being signed and a toast with Bill Hornbuckle, president of MGM Resorts International (bottom left), as well as with Chris Baldizan SVP of entertainment booking and development MGM Resorts and Richard Sturm, president and COO of sports and entertainment (top right).