Acquisition Expands Sphere Entertainment's
Capabilities And Enables Further Innovation Across Immersive
Experiences And 3D Audio Technology
NEW
YORK and BERLIN,
May 13,
2024 /PRNewswire/ -- Sphere Entertainment Co.
(NYSE: SPHR) ("Sphere Entertainment") today announced that it
has acquired all of the remaining shares it did not previously own
of HOLOPLOT GmbH ("HOLOPLOT"), a global leader in 3D audio
technology. Sphere Entertainment made its first investment into
HOLOPLOT in 2018 when the two companies partnered to develop
Sphere Immersive Sound, powered by HOLOPLOT, which revolutionized
the live audio experience when Sphere opened in Las Vegas in September
2023.
In a joint statement on behalf of Sphere Entertainment,
David Dibble, CEO, MSG Ventures and
Paul Westbury, EVP, Development and
Construction, said: "HOLOPLOT is at the forefront of audio
innovation, and their custom-designed technology has already
transformed what is possible for concert-grade sound. This
acquisition reflects our Company's commitment to staying on the
cutting-edge of immersive experiences as we explore growth
opportunities for both Sphere and HOLOPLOT."
"We have worked alongside the Sphere team for many years in
developing our technology, and together we have forever changed the
live sound experience," said Roman
Sick, CEO and Co-Founder of HOLOPLOT. "As a result of this
transaction, HOLOPLOT can accelerate its mission to bring its
technologies to more applications and markets, and continue to push
audio innovation to new bounds."
The world's largest, fully integrated concert-grade audio
system, Sphere Immersive Sound powers unparalleled listening
experiences at Sphere in Las
Vegas. Sphere Immersive Sound was first introduced in 2022
at the Beacon Theatre in New York,
which is operated by Madison Square Garden Entertainment Corp. and
part of the MSG Family of Companies along with Sphere
Entertainment.
Berlin-based
HOLOPLOT has enabled a new generation of audio
experiences with its proprietary audio
technology. HOLOPLOT's proprietary technology is focused on
sound control, intelligence and quality to transform how
audio is delivered. By enabling precise and digital control of
sound propagation and localization, the resulting audio is highly
targeted, consistent, and immersive, providing audience members
with an outstanding listening experience.
The transaction has closed. HOLOPLOT will remain based in
Berlin and operate as a wholly
owned subsidiary of Sphere Entertainment as it continues to grow
its business and serve its customers and clients.
About Sphere Entertainment Co.
Sphere Entertainment
Co. is a premier live entertainment and media company. The Company
includes Sphere, a next- generation entertainment medium powered by
cutting-edge technologies to redefine the future of entertainment.
The first Sphere venue opened in Las
Vegas in September 2023. In
addition, the Company includes MSG Networks, which operates 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. More information is available at
sphereentertainmentco.com.
About HOLOPLOT
HOLOPLOT is a pro audio company from Berlin, driven by enabling the next generation
of audio experiences and transforming the way society engages with
sound. HOLOPLOT technology enables users to provide pristine sound
quality for all, with integrated immersive capabilities for
increased creative freedom.
The company's technology is science-based,
software-driven, and hardware-enabled — granting users unparalleled
tools for ultra-precise control over sound propagation and
localization. Its products offer a host of advantages for customers
across a broad spectrum of applications such as live entertainment,
immersive and experiential environments and corporate
applications.
HOLOPLOT has received numerous awards, including
the prestigious industry AV Award "Audio Technology of the Year"
and the PLASA "Innovation Award," as well as "Best in Show" awards
from both ISE ('22, '23 & '24) and InfoComm 2022 and featured
in the TIME Best Inventions list of 2022.
Contact:
Sphere: SpherePR@thesphere.com
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SOURCE Sphere Entertainment Co.