Sphere Entertainment

Sphere Entertainment Co.

Company type	Public
Industry	Entertainment
Founded	2020
Headquarters	New York City , United States
Key people	James L. Dolan (CEO), Jennifer Koester (President and COO)
Products	Sphere event facility, MSG Networks
Owner	Family of Charles Dolan

Sphere Entertainment Co. is a United States-based entertainment holding company headquartered in New York City, under the control of the family of Charles Dolan. Its assets include the Sphere event facility located in Paradise, Nevada, as well as the regional sports network group MSG Networks, which operates out of New York.

Established in 2020 as Madison Square Garden Entertainment, the company originated as a spin-off focusing on the non-sports divisions of the Madison Square Garden Company. In 2023, Madison Square Garden Entertainment separated its live events segment under the same brand, while the original organization was rebranded as Sphere Entertainment.

History

Madison Square Garden Entertainment was formed in 2020 from the non-sports components of the Madison Square Garden Company, which itself transitioned to Madison Square Garden Sports. The following year, it acquired its affiliate, MSG Networks, which had been divested in 2015.

In March 2023, the board of MSG Entertainment approved a spin-off of its traditional live entertainment operations, maintaining ownership of its regional sports networks along with the Sphere venue in Las Vegas. CEO James L. Dolan emphasized that this restructuring would establish two entities better positioned to generate sustained value for shareholders.

The separation was completed through a tax-exempt stock split, distributing shares of the newly formed events company to existing MSG Entertainment shareholders while preserving a 33% ownership interest. Finalized on April 20, 2023, the live entertainment division adopted the Madison Square Garden Entertainment name, and the original firm assumed the Sphere Entertainment identity.

For a short period, Sphere held nearly 67% of MSGE’s stake in Tao Group Hospitality, which was divested in April 2023 to Mohari for $550 million.

In November 2023, CFO Gautam Ranji stepped down; subsequently, Jennifer Koester was elevated to president and COO in June 2024.

By late 2023, Sphere sought to expand internationally with plans for a K-pop dedicated venue in Hanam, South Korea; however, negotiations there and in Saudi Arabia encountered delays. Following this, Sphere initiated discussions with developers in the United Arab Emirates for a second venue situated in Abu Dhabi, officially confirmed by October 2024. In July 2025, Sphere secured a development agreement with Abu Dhabi’s Department of Culture and Tourism.

In March 2025, Dolan expressed interest in launching smaller Sphere venues accommodating roughly 5,000 attendees.

During 2025, Sphere issued a cease and desist order against Beyonce for unauthorized usage of Sphere-related visuals during her Cowboy Carter Tour.

In August 2025, Sphere collaborated with Magnopus, Warner Bros. Pictures, Google, and producer Jane Rosenthal to offer an immersive 4D presentation of The Wizard of Oz at the Sphere venue, scheduled through March 2026.