Sphere Entertainment Co. (SPHR)
Sphere Entertainment Co. (SPHR) is a media and entertainment company involved in the creation, production, and distribution of content across various platforms. It focuses on delivering immersive experiences, including live entertainment, and operates in segments such as media, entertainment, and venue management. The company aims to innovate in the entertainment industry through its diverse portfolio of assets and creative content.
Company News
The carriage dispute between Optimum and MSG Networks could negatively impact MSG Networks' financials, but potentially benefit Sphere Entertainment by reducing its debt. The analyst sees the loss of Optimum carriage as a net positive for Sphere Entertainment.
Disney and Sphere Entertainment are both entertainment giants undergoing strategic changes. Disney's stock looks more affordable and stable, while Sphere Entertainment's ambitious growth plans come with heavy financial risks.
Smart Beta ETF report for FYX
The success of U2’s residency at the Sphere in Las Vegas and Sphere Entertainment Co.’s announcement of a $225 million convertible note this week spell opportunity for investors, analysts say.