-

Sphere Entertainment Co. Completes Sale of Its Majority Interest in Tao Group Hospitality

NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) (the “Company” or “Sphere Entertainment”) today announced it has completed the sale of its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury lifestyle and hospitality sectors.

The completion of the sale follows a successful bidding process with multiple parties, which reflects that since the Company acquired a majority interest in 2017, Tao Group Hospitality has transformed into a global powerhouse in entertainment dining and hospitality. As previously disclosed, in connection with the sale, Sphere Entertainment has also entered into a multi-year agreement with Tao Group Hospitality for ongoing consulting, marketing, and support services.

About Sphere Entertainment Co.
Sphere Entertainment Co. is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue is currently under construction in Las Vegas. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a companion streaming service, MSG GO, delivering a wide range of live sports content and other programming. More information is available at www.sphereentertainmentco.com.

Contacts

Mikyl Cordova
Communications & Marketing
(212) 631-4337

Ari Danes, CFA
Investor Relations, Financial Communications & Treasury
(212) 465-6072

Justin Blaber
Financial Communications
(212) 465-6109

Industry:

Sphere Entertainment Co.

NYSE:SPHR
Release Versions
English

Contacts

Mikyl Cordova
Communications & Marketing
(212) 631-4337

Ari Danes, CFA
Investor Relations, Financial Communications & Treasury
(212) 465-6072

Justin Blaber
Financial Communications
(212) 465-6109

More News From Sphere Entertainment Co.

Sphere Entertainment Co. to Host Fourth Quarter and Year-End 2025 Conference Call

NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) will host a conference call to discuss results for its fourth quarter and full-year ended December 31, 2025 on Thursday, February 12, 2026 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 888-800-3155 with the conference ID number 8089430 approximately 10 minutes prior to the call. The call will also be available via webc...

Sphere Entertainment, the State of Maryland, Prince George’s County, and Peterson Companies Announce Intent to Develop a Sphere at National Harbor

NEW YORK & NATIONAL HARBOR, Md.--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR), the State of Maryland, Prince George’s County, and Peterson Companies announced today their intent to develop a new Sphere venue – which would be the second in the U.S. and first to utilize a smaller-scale design model – at National Harbor, a premier destination in the Washington, D.C. metropolitan area. The addition of Sphere would create a new Maryland landmark that drives significant economic, cultural a...

Sphere Entertainment Names Felicia Yue Executive Vice President, Chief Technology Officer, Sphere

BURBANK, Calif.--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) announced today that Felicia Yue, a seasoned entertainment technology leader, has joined the Company as Executive Vice President, Chief Technology Officer, Sphere. Ms. Yue’s work has impacted how millions of people consume content, and includes developing the Emmy Award–winning National Football League 1st-down line (“the yellow line”), Major League Baseball’s virtual strike zone (“K Zone”), and CNN’s “Magic Wall” used duri...
Back to Newsroom