The Future of Entertainment Lies in the Success of the Sphere – Insider Weekends
Key Insights:
- On March 2nd, U2 ended their 40 sold-out shows residency at the one-of-a-kind entertainment arena Sphere, and investors are eager to see what’s in store next.
- The Sphere has a number of revenue streams, including artist residencies and concerts, screenings of the immersive film Postcard from Earth and advertising on the Sphere’s Exosphere.
- While Phish and Dead & Co have been announced for a short six-week residency in the Sphere in April and from May to June respectively, another, larger artist has also been confirmed but yet to be announced.
Sphere Entertainment Co. (SPHR): $44.29
Market Cap:$1.25B
Enterprise Value: $2.48B
With March 2nd marking the end of U2’s incredibly successful residency at the one-of-a-kind music and entertainment arena, Sphere, all eyes are on the company to see what’s in store for the next few years. We’re no stranger to the unique nature of the Sphere business model or venue, and wrote the following in a C-Suite Transitions article in late December:
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