Welcome to our dedicated page for Sphere Entertainment news (Ticker: SPHR), a resource for investors and traders seeking the latest updates and insights on Sphere Entertainment stock.
Sphere Entertainment Co. reports developments in immersive entertainment, venue technology and regional sports media. The company operates Sphere, an experiential medium powered by advanced technologies, with its first venue in Las Vegas, and MSG Networks, which includes MSG Network, MSG Sportsnet and the MSG+ direct-to-consumer and authenticated streaming product.
Recurring news for SPHR includes quarterly results, Sphere Experience programming, venue partnerships and advertising activity, sponsorship agreements, distribution and subscriber trends at MSG Networks, financing or expansion-related updates, and corporate governance or leadership changes.
Sphere Entertainment Co. (NYSE: SPHR) has announced two new productions for The Sphere Experience: The Wizard of Oz at Sphere and From The Edge.
The Wizard of Oz at Sphere, opening August 28, 2025, will transform the 1939 classic into an immersive experience through a collaboration with Warner Bros. Discovery, Google, and Magnopus. The project features an acclaimed creative team including Oscar-nominated producer Jane Rosenthal and Oscar-winning professionals Ben Grossmann and Jennifer Lame.
From The Edge, debuting in 2026, is directed by Oscar winners E. Chai Vasarhelyi and Jimmy Chin. The production will showcase extreme sports athletes including free diver Alenka Artnik, skier Markus Eder, and climber Alex Honnold. Filming is taking place across multiple locations using Sphere's proprietary Big Sky camera system.
Madison Square Garden Entertainment Corp. (NYSE: MSGE) has announced a multi-year integrated marketing partnership with Liquid Death, making it an Official Partner across the MSG Family of Companies. The beverage company will become the Official Sparkling Water Partner across MSG's portfolio, including Madison Square Garden, The Theater at MSG, Radio City Music Hall, Beacon Theatre, Sphere in Las Vegas, the New York Rangers, and the Christmas Spectacular.
The partnership includes significant brand presence on Sphere's Exosphere, the world's largest LED screen. Liquid Death will have the opportunity to create sweepstakes, conduct post-game sampling at Rangers games, and maintain an interactive activation space during select home games. Their products will be available at select concession stands across the venues, with the brand also serving as The Official Iced Tea Partner for several MSG properties.
Sphere Entertainment Co. (NYSE: SPHR) reported financial results for Q4 2024, with revenues of $308.3M, down $5.9M year-over-year, and an operating loss of $142.9M, improving by $16.7M. The Sphere segment generated $169.0M in revenue, up 1% YoY, while MSG Networks revenue declined 5% to $139.3M.
Key highlights include:
- The Sphere Experience's Postcard from Earth surpassed 1,000 shows
- Successful completion of Anyma's electronic music residency
- Extended Eagles residency and new announcements from Dead & Company, Kenny Chesney, and Backstreet Boys
- Continued Formula 1 partnership and Delta Air Lines CES takeover
MSG Networks faces significant challenges with its credit facilities, which matured in October 2024, with approximately $804.1M outstanding. The network operates under a forbearance agreement until March 26, 2025, and may seek bankruptcy protection if refinancing efforts fail.
Sphere Entertainment Co. (NYSE: SPHR) has rescheduled its earnings conference call for the quarter ended December 31, 2024. The call will now take place on March 3, 2025, at 10:00 a.m. Eastern Time, instead of the previously scheduled February 28, 2025, due to a personal scheduling conflict.
The company will release its quarterly results before the market opens. Participants can join via telephone at 800-715-9871 (conference ID: 8089430) or watch the webcast at investor.sphereentertainmentco.com. A replay will be available until March 10, 2025, by calling 800-770-2030 or through the company website.
Sphere Entertainment Co. (NYSE: SPHR) has officially named its iconic emoji character 'Orbi' and launched a new e-commerce website featuring original merchandise.
The character, which has been appearing on the Exosphere (world's largest LED screen) since 2023, has become a cultural phenomenon, displaying various seasonal expressions and participating in major events like the Formula 1 Las Vegas Grand Prix.
The new online store at shop.thesphere.com offers the 'Orbi Collection' featuring apparel and accessories including hoodies, graphic tees, infant onesies, tote bags, and commemorative souvenirs. To celebrate the launch, Orbi will 'take over' Sphere's Instagram handle @SphereVegas with original content and a Q&A session.
MSG Networks and Optimum have announced reaching a new carriage agreement that will result in the relaunch of MSG Networks on Optimum video lineups. The agreement, announced on February 22, 2025, will benefit both fans and Optimum subscribers. The specific terms of the deal were not disclosed.
Sphere Entertainment Co. (NYSE: SPHR) has announced it will host a conference call on February 28, 2025, at 10:00 a.m. Eastern Time to discuss financial results for the quarter ended December 31, 2024. The company will release its earnings report before the market opens on the same day.
Participants can join via telephone by dialing 800-715-9871 (conference ID: 8089430) or watch the webcast at investor.sphereentertainmentco.com under 'Events'. A replay will be available by phone (800-770-2030) and webcast until March 7, 2025, with the phone replay starting at 1:00 p.m. Eastern Time on February 28.
MSG Networks has issued a statement regarding its ongoing negotiations with Altice USA. The company expressed appreciation for Governor Hochul's involvement in ensuring local sports fans' access to MSG Networks' programming. MSG Networks stated they remain prepared to either negotiate with Optimum or enter binding arbitration to restore their games to the air immediately.
MSG Networks issued a statement regarding its ongoing dispute with Altice USA. The company expressed support for Attorneys General who are demanding Altice either provide full refunds to subscribers or immediately reach an agreement to restore MSG Networks to Optimum subscribers. The dispute has resulted in MSG Networks being unavailable to Optimum customers.
Sphere Entertainment Co. (NYSE: SPHR) has appointed Glenn Derry as Executive Vice President of MSG Ventures. Derry, an Academy Award-winning technologist with over 30 years of experience, will oversee technology initiatives for the subsidiary focused on developing advanced technologies for live entertainment.
Derry will support Sphere Studios, the immersive content studio creating multi-sensory experiences for Sphere venues, including the first location opened in Las Vegas in September 2023. He joins from AGBO, where he served as President of Production Technology, and previously led Technoprops, developing innovative visual production technology including an award-winning head-mounted camera system.
His extensive experience includes work on major films like Avatar, Star Wars: Rogue One, and The Jungle Book. Based at Sphere Studios in Burbank, Derry will report to Jim Dolan, Executive Chairman and CEO.