Sign in

    Sphere Entertainment Co (SPHR)

    You might also like

    Sphere Entertainment Co. (SPHR) is a live entertainment and media company that delivers innovative experiences through cutting-edge technology and immersive content. The company operates iconic venues and regional sports networks, offering multi-sensory entertainment and exclusive sports programming. Its offerings include immersive productions, concerts, sports events, and streaming services.

    1. MSG Networks - Operates regional sports and entertainment networks, providing live local games and programming for NBA and NHL teams, as well as coverage of NFL teams. Includes a direct-to-consumer streaming service, MSG+, integrated into the Gotham Sports streaming product.

      • Sub-products: MSG Network and MSG Sportsnet.
    2. Sphere - Develops and operates next-generation entertainment venues, hosting immersive productions, concerts, and marquee events. Features the Exosphere, the world's largest LED screen, and Sphere Studios for content development.

      • Sub-products: The Sphere Experience, Sphere Studios.
    NamePositionExternal RolesShort Bio

    James L. Dolan

    ExecutiveBoard

    Executive Chairman and CEO

    Director at MSGE, MSGS; Former Chairman Emeritus at AMC Networks

    Extensive experience in media and entertainment; instrumental in strategic planning and corporate governance across multiple companies.

    Andrea Greenberg

    Executive

    President and CEO of MSG Networks

    Director of Garden of Dreams Foundation

    Over 40 years of experience in sports, entertainment, and media; instrumental in MSG Networks' strategic direction and growth.

    David Granville-Smith

    Executive

    Executive Vice President

    EVP at MSGS and AMC Networks; Trustee of Parrish Art Museum

    Former COO and CFO at A+E Networks; extensive experience in financial and operational leadership.

    Gregory Brunner

    Executive

    SVP, Controller, and Principal Accounting Officer

    Mentor for buildOn and National Retail Federation; Leadership role at American Heart Association

    Former Partner at KPMG LLP; oversees financial reporting and compliance at SPHR.

    Jennifer Koester

    Executive

    President and COO of Sphere

    None

    Leads strategy and execution for Sphere; previously Managing Director at Google LLC; holds a J.D. from St. John's University School of Law.

    Laura Franco

    Executive

    EVP and General Counsel

    Board member at Virgin Voyages

    Oversees legal functions at SPHR and MSG Entertainment; holds a J.D. from St. John's University School of Law.

    Robert Langer

    Executive

    EVP, CFO, and Treasurer

    Board member at Ravensburger AG

    Former financial leader at Disney; oversees financial planning and strategy at SPHR.

    Brian G. Sweeney

    Board

    Class B Director

    Director at MSGS, AMCX

    Former President and CFO at Cablevision; extensive experience in strategy and financial management.

    Carl E. Vogel

    Board

    Class A Director

    Director at AMCX, UEIC, SIRI; Executive Partner at Mill Point Capital

    Former President of Dish Network; extensive experience in media and communications.

    Isiah L. Thomas III

    Board

    Class B Director

    CEO of Isiah International; CEO of One World Products; Director at UWM Holdings

    Former NBA player; extensive experience in business leadership and philanthropy.

    Joel M. Litvin

    Board

    Class A Director

    Founder of Calumet Consulting; Lecturer at Columbia University; Trustee at Naismith Memorial Basketball Hall of Fame

    Former President of League Operations at NBA; extensive experience in sports management and legal affairs.

    John L. Sykes

    Board

    Class A Director

    President of Entertainment Enterprises at iHeartMedia; Board member at VH1 Save the Music, Robin Hood Foundation, Rock and Roll Hall of Fame, and others

    Co-founder of MTV Networks; extensive experience in media and entertainment.

    Joseph J. Lhota

    Board

    Class A Director

    EVP, Vice Dean, and Chief of Staff at NYU Langone Health

    Former Chairman and CEO of NYC Metropolitan Transportation Authority; extensive experience in governance and public service.

    Marianne Dolan Weber

    Board

    Class B Director

    Director at MSGE, MSGS, AMCX; President of Heartfelt Wings Foundation

    Member of Cablevision’s founding family; extensive experience in governance and philanthropy.

    Vincent Tese

    Board

    Class B Director

    Director at MSGS, AMCX, Claros Mortgage Trust; Chairman of ICE Clear Credit LLC

    Former NY State Superintendent of Banks; extensive experience in financial services and governance.

    Program DetailsProgram 1
    Approval DateMarch 31, 2020
    End Date/DurationNot specified
    Total Additional Amount$350 million
    Remaining Authorization$350 million as of 2025-03-11
    DetailsRe-authorized on March 29, 2023; no shares repurchased to date

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Broadcast station owners such as Sinclair may have a competitive advantage over the company's networks in obtaining distribution through the bundling of agreements to carry programming networks with agreements giving Distributors the right to carry broadcast stations owned by or affiliated with the network.

    YES

    The New York Yankees have an ownership interest in YES, which gives them an advantage in obtaining telecast rights for teams or sports.

    ABC

    ABC is part of the increasing amount of sports programming available on a national basis, which may adversely impact the company's competitive position as its programming networks compete for distribution and viewers.

    ESPN

    ESPN is part of the increasing amount of sports programming available on a national basis, which may adversely impact the company's competitive position as its programming networks compete for distribution and viewers.

    TNT

    TNT is part of the increasing amount of sports programming available on a national basis, which may adversely impact the company's competitive position as its programming networks compete for distribution and viewers.

    Max

    Max is part of the increasing amount of sports programming available on a national basis, which may adversely impact the company's competitive position as its programming networks compete for distribution and viewers.

    NBC

    NBC is part of the increasing amount of sports programming available on a national basis, which may adversely impact the company's competitive position as its programming networks compete for distribution and viewers.

    Peacock

    Peacock is part of the increasing amount of sports programming available on a national basis, which may adversely impact the company's competitive position as its programming networks compete for distribution and viewers.

    Amazon is part of the increasing amount of sports programming available on a national basis, which may adversely impact the company's competitive position as its programming networks compete for distribution and viewers.

    NBA TV

    NBA TV is part of league-controlled sports programming networks that may adversely impact the company's competitive position as its programming networks compete for distribution and viewers.

    NHL Network

    NHL Network is part of league-controlled sports programming networks that may adversely impact the company's competitive position as its programming networks compete for distribution and viewers.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    HOLOPLOT GmbH

    2024

    Sphere Entertainment Co. completed the acquisition on April 25, 2024, paying an initial $11.2M (net of $2.6M in cash) to acquire the remaining equity interest, thereby making HOLOPLOT a wholly owned subsidiary. This strategic move, which also involved eliminating an €18.8M convertible loan and recognizing significant intangible assets and goodwill, aims to enhance Sphere’s immersive experiences and 3D audio capabilities.

    MSG Networks Inc.

    2021

    Madison Square Garden Entertainment Corp. completed an all-stock, fixed exchange ratio transaction on July 9, 2021, exchanging 0.172 shares of its Class A or B common stock for each share of MSG Networks' stock. The tax-free merger was structured to build a stronger, diversified entertainment and media company with enhanced financial flexibility for growth opportunities including legalized sports gaming.

    No recent press releases or 8-K filings found for SPHR.