Sphere Entertainment Shares Up 11% as Music Stocks Have a Rare Winning Week

Warner Music Group finished the week ended Nov. 28 down 8% — but the loss came before news of the licensing agreement with AI music platform Suno.  Eagles perform at the Sphere on Sept. 20, 2024 in Las Vegas. Rich Fury/Sphere Entertainment Trending on Billboard Sphere Entertainment Co. shares jumped 11.2% to $76.04 in the week ended Nov. 28. Despite frequent news reports that tourism in down in Las Vegas, the Sphere venue’s growth has propelled shares of its parent, Sphere Entertainment Co., to a 99.2% gain in 2025. While no market-moving news was released this week, a steady stream of news has painted a positive picture for the venue. The company announced in October that its remake of The Wizard of Oz surpassed $130 million in sales and more than 1 million tickets. Earlier this month, Sphere announced additional shows in The Eagles residency, bringing the band’s run to a venue record of 56 shows. Earlier this week, Sphere Entertainment Co. announced that Christopher Winters was appointed senior vice president, controller and principal accounting officer.  Related Music stocks had a rare positive week as the 19-company Billboard Global Music Index (BGMI) gained 1.0% to 2,597.30. With 14 of the
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