Sphere Entertainment Co Stock Price, News & Analysis

Sphere Entertainment will mark the one-year anniversary of the Exosphere's first illumination with a special Fourth of July show and the launch of 'XO Stream' and 'XO Audio' presented by Verizon. The show will feature immersive content, including a tribute to America in six acts, and highlight Sphere's architectural impact. 'XO Stream,' a 24/7 livestream of the Exosphere, will be accessible via thesphere.com and YouTube, while 'XO Audio' will provide synced audio experiences online and onsite. A pre-show ceremony will honor student artists from Las Vegas.

Sphere Entertainment Co. (NYSE: SPHR) has appointed Carolyn Blackwood as the Head of Sphere Studios, which specializes in creating multi-sensory entertainment experiences. Blackwood, with over 25 years of experience in the media and entertainment sector, will manage the Burbank-based Sphere Studios. She will oversee creative, production, and technological teams and work closely with MSG Ventures to enhance production capabilities. Blackwood's prior roles include Chief Operating Officer at Warner Bros. Pictures Group and President and Chief Content Officer at New Line Cinema, where she managed blockbuster projects and contributed to over $1 billion in global box office earnings annually for three consecutive years.

Sphere Entertainment announced the expansion of Jennifer Koester's role to President and Chief Operating Officer of Sphere. Koester, who joined the company in February 2024 from Google, will now oversee Sphere Studios and lead strategic business initiatives across various entertainment categories. Her new responsibilities include maximizing venue utilization, driving strategic partnerships, and growing Sphere as a premium global brand. With 30 years of experience in technology, media, and entertainment, Koester brings a wealth of expertise to her expanded role.

Sphere Entertainment Co. (NYSE: SPHR) has launched the Sphere XO Student Design Challenge, allowing the public to vote on art to be displayed on the Exosphere, the world's largest LED screen in Las Vegas. This event marks the first time the public will choose artwork for the Exosphere and the first public-created art display. Voting is open until June 5, 2024, at thesphere.com/xo-student-design-challenge. Over 100,000 students from Clark County participated, with 100 finalists chosen. Four winners from each student group (elementary, middle, high school, and college) will be selected by public voting and professional artists. Winners will have their art displayed on July 4, 2024, and receive educational scholarships or donations towards their school’s art programs.

Sphere Entertainment Co. (NYSE: SPHR) has acquired HOLOPLOT GmbH, a global leader in 3D audio technology, after their successful partnership in developing Sphere Immersive Sound. This acquisition aims to enhance immersive experiences and audio technology, showcasing Sphere Entertainment's dedication to innovation in live audio experiences.

Sphere Entertainment Co. reported fiscal 2024 third quarter results, highlighting successful concert runs, revenue generation, and corporate events. The company reported revenues of $321.3 million and an operating loss of $40.4 million, an improvement of $61.5 million compared to the prior year. The Sphere segment had revenues of $170.4 million, while MSG Networks reported revenues of $151.0 million.

Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss its fiscal third quarter results on May 10, 2024. The call will be accessible via telephone and webcast, with a press release issued prior to the market opening. Call replay and webcast available until May 17, 2024.