14 Years Of Ads: This Is How Long It Will Take Las Vegas' $2.3B Sphere To Recoup Mega Investment
Portfolio Pulse from Sudhanshu Singh
The MSG Sphere, a part of Sphere Entertainment Co (NYSE:SPHR) and Madison Square Garden Entertainment Corp (MSG), recently debuted in Las Vegas. The venue, which cost $2.3B to build, charges $450k for one day of advertising. It would need to run ads for approximately 5,111 consecutive days, or roughly 14 years, to recover its construction cost solely through advertising revenue. SPHR's stock saw an increase of 12.04% at $41.64, while MSG's stock dipped slightly by 0.60% at $175.23.
October 03, 2023 | 4:33 pm
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POSITIVE IMPACT
Sphere Entertainment Co's stock saw an increase of 12.04% at $41.64 after the debut of the MSG Sphere.
The debut of the MSG Sphere, a significant investment for Sphere Entertainment Co, likely contributed to the increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Madison Square Garden Entertainment Corp's stock dipped slightly by 0.60% at $175.23 after the debut of the MSG Sphere.
Despite the debut of the MSG Sphere, Madison Square Garden Entertainment Corp's stock experienced a slight dip. This could be due to a variety of factors, including market conditions and investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100