Jennifer Lopez is reportedly at risk of losing a lucrative Las Vegas residency deal worth $90 million due to underwhelming ticket sales for her upcoming tour and poor performance of her new album, This Is Me… Now. According to Page Six and the New York Post, MGM, initially offering $1 million per show, is now considering reducing their offer significantly.
MGM’s Concerns Over Low Ticket Sales
Lopez’s proposed 90-date residency at the MGM in Las Vegas is in jeopardy. MGM and Live Nation offered her a deal to perform 90 shows at $1 million per show. However, the figure seems exorbitant given her struggle to sell tickets. “MGM is watching her not doing well on the road,” a source told Page Six. “They are very nervous. It’s pretty rare you have a poor tour and then go to Vegas.” The source added, “Given the current circumstances, the insider shared that Lopez may see her potential $90 million deal significantly reduced, adding that a Lopez residency might now command just $600,000 to $650,000 per show with fewer performances.”
Lopez’s latest album, This is Me… Now, released in February 2024, marked her first studio album in nearly a decade but has become the worst-selling of her career. Ticket sales for her upcoming This Is Me… Live concert tour are also disappointing. Per the insider, the poor ticket sales have left MGM executives reportedly concerned about Lopez’s declining star power. The Bronx-born star is struggling to sell out the 19,500-seat T-Mobile Arena in Las Vegas for her July 20 tour stop.
Jennifer Lopez’s Historical Success and Current Challenges
Historically, Lopez has been a strong draw for casinos. Her previous residency at Planet Hollywood, which spanned 120 shows between 2016 and 2018, grossed $101.9 million, making it the sixth highest-grossing Las Vegas residency of all time. However, the current tour’s ticket sales issues and canceled dates in cities like Atlanta, New Orleans, and Houston raise concerns about the viability of her new residency.
Lopez’s personal life may also be affecting her professional endeavors. Reports indicate that her marriage to actor Ben Affleck is strained, with the couple living separately and not celebrating Mother’s Day together. Despite the rumors, the famous couple has stayed silent, but an Entertainment Tonight source said, “Jen and Ben’s relationship is not over yet, but the tension has been high.”
Amid these numerous challenges, Lopez remains committed to her fitness and professional commitments. Her trainers have noted that Lopez is in the best shape “she’s ever been,” highlighting her dedication and resilience during this challenging period in her career.