Resorts World lost money on Katy Perry’s ‘underperforming’ Vegas residency

Many years ago, the whole idea of an artist doing a Las Vegas residency was pretty much an announcement that the artist had given up and no longer had any cultural or musical relevance. That has changed significantly in the past twenty years, especially because so many top-tier musical talents would much rather have their fans come to them, rather than touring all over the world. Celine Dion, Adele, Britney Spears, Usher, Bette Midler, Cher, and on and on, they’ve all gotten paid huge sums for multi-year residencies in Vegas. Katy Perry did it too – she had a three-year residency at Resorts World, a residency which ended last year. Apparently, no one in Las Vegas wants to ever see Katy again:

It’s a good thing Katy Perry is on the road — because she no longer has a home in Las Vegas. The bubblegum popster had called the entertainment capital of the world her second home after sealing a residency deal at Resorts World for over three years, ending in 2024 — and at first, hopes were high.

”There was a bidding war between Resorts World and Caesars … and Caesars technically lost out — but in the end, Caesars won,” a source said. “The residency was a disaster for Resorts World, a complete failure.”

The source added, “Katy was getting paid between $750,000 and $900,000 a show because of the bidding war and the entire run she underperformed and Resorts World lost money.”

While Perry does have a show planned for Vegas in this tour, it’s considered a one-off. Not a coveted residency, which my source says won’t happen again. The pop singer had a failed album last year, was the center of ridicule after the Blue Origin space flight and her tour has had lagging sales — none of which has endeared her to any future Vegas endeavors.

”At the end of the day, Caesar’s won by losing the (Perry) residency,” the source added. “No one wants to lose money like that in Vegas.”

[From NewsNation]

It feels like a national pastime at this point, dunking on Katy Perry. But some of it is deserved. Maybe most of it is deserved. Katy had an excellent run, hit after hit, she was a one-woman pop factory. But something really shifted – the culture shifted away from Katy, as she tried to churn out the same old stuff with the same old problematic producers. There are plenty of pop stars who figure out what’s next after their audience grows up and grows out of their music. Katy isn’t one of them. Anyway, this NewsNation piece feels like a much-delayed gloat from Caesar’s because they lost their bid. It’s also worth pointing out that with artists’ residencies, it’s not purely about ticket sales – it’s about getting people to travel to Vegas and getting them to gamble at the casino. You can’t judge any residency purely on ticket sales.

Photos courtesy of Backgrid, Avalon Red, Cover Images.

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19 Responses to “Resorts World lost money on Katy Perry’s ‘underperforming’ Vegas residency”

  1. Deering24 says:

    Yeesh. Watching MAGA women scrambling to be the Fourth Reich Aryan Princess is as grimly hilarious a spectacle as it gets. 😈😈😈

  2. Mandy says:

    Is it just me or has her soul left her body and she’s turned into a cyborg? Seriously asking…

  3. Joe says:

    The problem is that the ticket prices are astronomical.

  4. LOLA says:

    The excellent Kayleigh Donaldson over at pajiba did a deep dive on this. Worth a read. It’s more complicated than just ‘Katy Perri is persona non grata’. A lot more was going on.

    https://www.pajiba.com/celebrities_are_better_than_you/was-katy-perrys-vegas-residency-really-a-complete-failure-the-real-story-is-more-complicated.php

    I’m no Katy fan by the way.

  5. Jais says:

    It was working with that one producer again that really bothered me. That was a very bad choice. Even if the music was great, it would still be a bad choice.

  6. Amy Bee says:

    I didn’t even know Katy had a Las Vegas residency until those photos of Harry and Meghan going to her last show came out.

  7. Jaded says:

    I’d rather stick sharp needles in my eyes than attend a katy Perry concert. She can’t sing, she can’t dance, she had her 15 minutes of pop star fame, it’s long over.

    • Deering24 says:

      Heh. She’s the pop equivalent of a one-hit-book author. And a textbook example of letting image management swamp your talent.

    • Sasha says:

      Err I’m no Katy Perry fan at all but 15 minutes? Lol. Come on.

      • Jaded says:

        My comment is related to a famous quote, not to be taken literally, which was incorrectly attributed to Andy Warhol — it was actually from a program for a 1968 exhibition of his work at an art gallery in Stockholm, Sweden…”In the future, everyone will be world-famous for 15 minutes.”

  8. Robert Wright says:

    Katy Perry’s downfall was being a judge on American Idol. She may have made millions of dollars doing it, but the constant presence on tv showed everyone who she really was. It was constantly “Me. Me. Me.” And she had such disregard for the contestants. From forcing a never been kissed boy to kiss her on the show to humiliating a woman about having children.

    • Deborah says:

      She did a one episode turn as a guest judge on a past season of Australia Masterchef (one of her songs is their theme). And wow, she made it about herself and her (then) pregnancy at every damn turn, including trying to start a sing-a-long of the theme while these contestant chefs were heads down in a cooking challenge. Her inability to read the room is legend.

  9. SJI says:

    She has become increasingly strange-looking and acting over the years.

    I dated a guy who built sets for video productions. One of them was for a video she made for one of her singles years ago. He said she was one of the rudest artists he’d met through his job.

  10. Lau says:

    I mean, she was literally coming out of a giant toilet, singing with a giant piece of poo while dressed as a roll of toilet paper (completed with a turban of course). Why are we surprised that the show thanked ?

  11. Meredith says:

    Most pop stars have a short career. Katy had a few hot years and a Superbowl gig post-prime. Tastes change— newer people come along— and hot pop stars easily go out of style. It’s not a dig, it’s just reality.

  12. Jferber says:

    The music icon did not like Kate Perry’s music. That says a lot and he was really prophetic about her. She has the hustle but not the talent imo.

  13. Jferber says:

    Sorry, Prince didn’t like Perry’s music.

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