What's at Stake for UFC and The Sphere Ahead of the Venue's First Live Sporting Event [Yahoo! Finance]
Sphere Entertainment Co. Class A (SPHR)
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Source: Yahoo! Finance
The fight could be the first instance of a new source of revenue for the Sphere, while the venue's giant immersive screen gives UFC a chance to make a splash with a first-of-its-kind event. The UFC expects record-setting ticket sales, and CEO Dana White has said the event will be a "game changer" The UFC is taking a step into new territory Saturday, hosting the first live sporting event at the Sphere in Las Vegas. The event, titled "Noche UFC" and themed around Mexican Independence Day, is an experiment for the UFC. The combat sports league owned by TKO Group TKO ) is holding the event at the Sphere, run by Sphere Entertainment ( SPHR ). after a scheduling conflict prevented it from hosting at MGM Resorts' ( MGM ) T-Mobile Arena. UFC Expects Record Ticket Revenue Despite Soaring Costs The UFC has said it expects Saturday's event to break its 2016 ticket sales record of $17.7 million, which was set in New York's 19,500-seat Madison Square Garden. UFC projected sales at the S
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- Sphere Entertainment Co. (NYSE: SPHR) had its price target raised by analysts at Guggenheim from $58.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
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- Sphere Entertainment Co. (NYSE: SPHR) had its price target lowered by analysts at Bank of America Co. from $45.00 to $43.00. They now have a "neutral" rating on the stock.MarketBeat
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- Jim Cramer Says He's Concerned About Sphere Entertainment Co. (SPHR)'s Ability To Expand Into Other Cities [Yahoo! Finance]Yahoo! Finance