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That's from Sphere Entertainment Company, the State of Maryland, Prince George's County, and real estate developer Peterson Companies. The idea is to build a replica of the original immersive entertainment arena to seat 6,000 people and treat them to the same tech that you'll find in the Las Vegas bubble.
Fun fact: despite what the name will have you believe, the Sphere is actually a geodesic dome.
The space is designed to host music performances, film screenings, and keynotes, with a ginormous wraparound display enhancing the spectacle. The Las Vegas one, which has standing room for 20,000 people, has a 16K-resolution interior LED screen measuring 160,000 sq ft (15,000 sq m) designed and manufactured by Montreal, Canada-based Saco Technologies. This is paired with 167,000 beamforming and wave field synthesis speakers that can precisely direct sound around the arena, as well as 4D physical effects and haptics you can feel in the seats.