Sphere Entertainment Co. (NYSE: SPHR) announced today that Mr. David F. Byrnes, the Company’s Executive Vice President, Chief Financial Officer, and Treasurer, will be leaving the Company. Mr. Byrnes has served in these roles since December 2023 and will continue in his current role for an interim period to facilitate a smooth transition. The Company will begin the search for a new Chief Financial Officer and Treasurer.
During Mr. Byrnes’ tenure, several strategic transactions took place, including the spin-off of MSG Entertainment from the Company in April 2023, the sale of the Company’s majority interest in Tao Group Hospitality in May 2023, and two secondary stock offerings in June 2023 and September 2023, where the Company sold its remaining shares in MSG Entertainment.
Sphere Entertainment Co. is a premier live entertainment and media company. It includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies, with the first Sphere venue opening in Las Vegas in September 2023. Additionally, the Company includes MSG Networks, operating two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming.
Today the company's shares have moved -3.6% to a price of $43.45. If you want to know more, read the company's complete 8-K report here.
