Las Vegas Sphere parent company foresees positive quarter

12/07/2023 01:23
Las Vegas Sphere parent company foresees positive quarter

Sphere Entertainment (SPHR), the owner of the Las Vegas Sphere, is expected to post positive adjusted income in its first public quarter since the venue opened. After just two months, the high-tech arena has already generated over $75 million. Originally conceived for concerts, the Sphere's immersive displays and capacities are being leveraged for diverse monetization from advertising to film screenings. Yahoo Finance Entertainment Reporter Alexandra Canal examines the Sphere's multifaceted business model, exploring concert residency talks that could boost bookings further. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Sphere Entertainment (SPHR), the owner of the Las Vegas Sphere, is expected to post positive adjusted income in its first public quarter since the venue opened. After just two months, the high-tech arena has already generated over $75 million. Originally conceived for concerts, the Sphere's immersive displays and capacities are being leveraged for diverse monetization from advertising to film screenings.

Yahoo Finance Entertainment Reporter Alexandra Canal examines the Sphere's multifaceted business model, exploring concert residency talks that could boost bookings further.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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