Sphere Stock Flat on Q2 Results, but Up 65% Off April Lows
Sphere Entertainment’s second-quarter financial results showed revenue of $282.7 million, up 3% versus the prior year. It was a tick ahead of S&P Global Market…
Sphere
Sphere Revenue Falls 13% on Fewer Experience Shows, Altice Blackout
Sphere Entertainment reported first-quarter financial results Thursday that had revenue down 13% to $280.6 million, with declines at both its eponymous Las Vegas venue…
Knicks, Rangers Media Rights Cut in $804M MSG Networks Debt Overhaul
The New York Knicks posted a win on the court Thursday night in their first-round playoff series against the Detroit Pistons, but the business took a hit in the ongoing…
Sphere Stock at 14-Mo. Low, Possible MSG Networks Bankruptcy Looms
The stock market has tumbled 10% over the past month with President Donald Trump’s escalating trade war creating uncertainty in the economy and pushing the S&P 500 to…
Sphere Revenue Falls, MSG Networks Bankruptcy on Table
Sphere Entertainment reported financial results for the three months ending Dec. 31 that had revenue down 2% to $308 million. The net loss for the quarter was $126…
Steve Cohen Adds to Sphere Stake During MSG Networks Debt Saga
On Sunday, Juan Soto—the New York Mets’ pricey offseason acquisition—reported to spring training. Mets owner Steve Cohen may have won over Soto from the New York…
MSG Networks, Lenders Agree to Continue Talks on $829 Million Debt
MSG Networks and its Wall Street lenders have agreed to extend through January their negotiations on $829 million debt initially due to have been paid off in…
MSG Networks’ Troubles May Lead to Split With Sphere
The negotiation period between lenders and MSG Networks on its unpaid debt expires Friday, which could bring big news for parent Sphere Entertainment—and not necessarily…
Sporticast 397: FanDuel’s Cavs Odds Show Betting, Marketing Overlap
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including a viral FanDuel…
Vegas Sphere Visits Boom, but Losses Continue for Dolan’s Company
Sphere Entertainment, the holding company of the Las Vegas venue and MSG Networks’ RSN business, reported first-quarter revenue of $227.9 million, nearly double the…
Morgan Stanley Raises Las Vegas Sphere Stake Nearly 300%
Financial services giant Morgan Stanley has added 1.5 million shares to its position in Sphere Entertainment since June 30 and now owns 2.05 million shares, or a 7.2%…
Knicks Jersey Patch Deal Set With Experience Abu Dhabi
The New York Knicks tip off their season next week with high expectations after their best season in more than a decade and the addition of four-time All-Star…
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