Sphere Shares Jump 15% on ‘The Wizard of Oz’ Sales Milestone – Billboard

While most music stocks rose in the week ended Oct. 24, the Billboard Global Music Index fell for the fifth consecutive week. Sphere lights up with an advertisement for “The Wizard of Oz at Sphere” ahead of the show’s premiere on August 28, 2025 in Las Vegas, Nevada. Ethan Miller/Getty Images Trending on Billboard Buoyed by news that The Wizard of Oz surpassed 1 million tickets sold and $130 million in sales since its Aug. 28 debut, Sphere Entertainment Co. shares rose 14.5% to a new all-time high closing price of $67.24. The film has helped send Sphere Entertainment’s stock price into a new stratosphere. Shares of the Las Vegas venue’s parent company are up 58.4% year to date and have gained 56.4% since Sphere debuted its revamped version of the classic film.  While some music stocks had big gains this week, the 19-company Billboard Global Music Index (BGMI) fell 1.4% to 2,845.60, marking its fifth consecutive losing week. Three music companies had stock gains over 10%, but they are relatively small compared to the index’s largest companies, Spotify and Live Nation, both of which lost ground this week. Foreign exchange rates also played a role in the BGMI’s poor
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