Sphere Entertainment Co.

Sphere Entertainment Co. is a live entertainment and media company based in the United States. Its business is organized into two main segments: Sphere and MSG Networks. The Sphere segment offers a unique entertainment medium powered by advanced technologies to create multi-sensory experiences, such as immersive concerts and events. The MSG Networks segment provides regional sports and entertainment networks, along with direct-to-consumer and authenticated streaming products, delivering live local games and sports programming to audiences. The company was formerly known as Madison Square Garden Entertainment Corp. before rebranding in April 2023.

Sphere Entertainment Co. is listed on the New York Stock Exchange (NYSE) under the ticker symbol SPHR. The company trades in US Dollars (USD), as it is headquartered in the United States and its financial reporting is conducted in USD. Investors can buy and sell shares of SPHR on the NYSE during regular trading hours.

Sphere Entertainment Co. operates in the Communication Services sector, specifically within the Entertainment industry. This classification reflects the company's focus on providing live entertainment experiences and media content. The Entertainment industry includes companies that produce and distribute movies, television shows, live events, and other forms of amusement. Sphere Entertainment's dual focus on immersive venue experiences (Sphere) and regional sports broadcasting (MSG Networks) aligns with this industry.

Sphere Entertainment Co. is headquartered in New York, New York, United States. The company was founded in 2006 and has its corporate offices in New York City. As a US-based company, it primarily serves the American market, with its MSG Networks segment focusing on regional sports and entertainment in the New York area, while the Sphere segment operates a venue in Las Vegas, Nevada.

Sphere Entertainment Co. generates revenue through two primary segments. The Sphere segment earns money by hosting live events, concerts, and immersive experiences at the Sphere venue in Las Vegas, leveraging advanced technology to create multi-sensory shows. The MSG Networks segment generates revenue through cable and satellite distribution fees for its regional sports and entertainment networks, as well as direct-to-consumer streaming subscriptions. Additionally, the company sells advertising and sponsorship opportunities across both segments. The company was formerly known as Madison Square Garden Entertainment Corp. and rebranded in April 2023 to reflect its focus on the Sphere.