From Universal Music Group to Sphere Entertainment, a roundup of the most impressive and surprising stats from the latest round of music companies’ earnings.
Sphere Entertainment Co. wants the singer to remove the video segment from future tour stops, arguing it amounts to unauthorized use of the company's intellectual property.
The regional sports network, a subsidiary of Sphere Entertainment Co., has been granted an extra week of forbearance.
Shows by the Eagles and Anyma as well as Formula 1's Las Vegas Grand Prix helped generate operating income of $32.9 million.
Benchmark downgraded Sphere Entertainment to a "sell" rating with a $40 price target. The share price fell 4.4% to $44.55 on Tuesday (Sept. 3).
The 20-company Billboard Global Music Index rose 3.3% to a record 1,847.64 and brought its year-to-date gain to 20.4%.
Dolan also suggested The Eagles will perform at the Las Vegas venue, although no official announcement has been made.
The NYC-based company says its venues hosted more than 1.5 million guests at over 200 events in its fiscal third quarter.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
The Billboard Global Music Index dropped 1.5% to 1,355.65 this week, bringing its year-to-date gain to 16.1%.
