Around a dozen publicly traded music companies are reporting earnings in the weeks stretching from late July into August — and early results show that from the major labels to music streamers, satellite radio to live events, consumers are still spending on music.
On the label front, as of July 31, both Universal Music Group (UMG) and Sony Music both showed solid results, with overall revenue at the latter surging by 20% year-over-year. In Korea, HYBE saw strong results in the second quarter from K-pop supergroup BTS‘ world tour and sales of its fifth studio album, ARIRANG.
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In live music, Live Nation managed to increase its total quarterly revenue by a significant margin despite competition from FIFA World Cup games at stadiums. And over at Sphere Entertainment, the company managed a revenue increase on showings of The Wizard of Oz at Sphere despite suffering an overall operating loss.
Satellite radio giant SiriusXM Holdings, the dominant in-vehicle entertainment and podcasting company, has been on a journey to figure out a winning strategy, and CEO Jennifer Witz said Sirius found it with low-cost companion plans and premium channels run by Morgan Wallen and Green Day.
Elsewhere, on the streaming front, Deezer reported that revenue and adjusted gross profit edged slightly higher in the first half of 2026.
On Tuesday (Aug. 4), Spotify reports before the stock exchanges open in New York, while Warner Music Group (WMG) reports on Thursday (Aug. 6) after markets close. Those results and more will be updated here as earnings season progresses.
See below for more detail from the season’s results, listed in alphabetical order.
https://i0.wp.com/neztelinc.com/wp-content/uploads/2020/10/station.nez_png.png?fit=943%2C511&ssl=1511943Yvetohttps://neztelinc.com/wp-content/uploads/2020/10/nez_png.pngYveto2026-08-01 03:03:342026-08-01 03:03:34What Every Music Company Made in Q2 2026 (Updating)
The SOCAN Polaris Song Prize has revealed its second-ever short list.
This year’s edition features songs by Angine de Poitrine, Charlotte Cornfield, PUP, Patrick Watson & Martha Wainwright and Charlotte Day Wilson, featuring Saya Gray.
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In partnership with the performing rights organization Society of Composers, Authors and Music Publishers of Canada (SOCAN), the winner of the Prize will receive $10,000 split between the song’s Canadian performers and the credited Canadian songwriter(s).
The recipient will be revealed alongside the Polaris Music Prize and the Slaight Family Polaris Heritage Prize at the concert and award ceremony at Massey Hall on Sept. 22, hosted by musician and broadcaster Odario Williams.
Here is this year’s short list:
Angine de Poitrine – “Fabienk”
Charlotte Cornfield – “Hurts Like Hell”
PUP – “Hunger For Death”
Patrick Watson & Martha Wainwright – “House on Fire”
Charlotte Day Wilson, featuring Saya Gray – “Lean”
“Sometimes, a song is so powerful it stands on its own and demands to be heard, and the SOCAN Polaris Song Prize Short List honours five such unforgettable Canadian songs,” said Jennifer Brown, CEO of SOCAN.
The short list selections were whittled down from a 20-song long list that included tracks from Begonia, Les Louanges, Aquakultre, Rochelle Jordan and more.
Of the five short-listed artists, two have secured their spot on the Polaris Music Prize album short list: Angine de Poitrine’s Vol. II, and Charlotte Cornfield’s Hurts Like Hell.
Since its inception, both the long list and the short list have been curated and voted on by a 205-person Canada-wide Polaris Music Prize jury, spanning music critics, academics, journalists and other relevant industry members. In its inaugural edition, the prize was awarded to Mustafa’s “Gaza is Calling.”
In an interview about the Polaris organization’s recent changes, executive director Amber Still told Billboard Canada that the SOCAN Polaris Song Prize was created to acknowledge “a whole new group of artists” who weren’t necessarily releasing full albums or bodies of work.
It’s the organization’s first new award since the Slaight Family Polaris Heritage Prize, introduced in 2015 to award albums released before the Polaris Music Prize launched in the mid 2000s. Past winners include Alanis Morrisette, Peaches and Beverly Glenn-Copeland — the latter two of whom are on this year’s Polaris Music Prize album short list, with their respective albums No Lube So Rude and Laughter In Summer.
SOCAN Acquires Canadian Musical Reproduction Rights Agency (CMRRA)
Two Canadian music rights organizations are coming together to bring the distribution of performance and mechanical royalties under one umbrella.
SOCAN is acquiring the Canadian Musical Reproduction Rights Agency (CMRRA).
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The Canadian company dedicated to the administration of performance rights is set to purchase the CMRRA, which has handled the distribution of reproduction rights in Canada for over five decades. SOCAN has made an agreement for acquisition from current owner, neighbouring rights company SoundExchange. The CMRRA, which celebrated its 50th anniversary last year, was purchased by SoundExchange in 2017.
“Bringing CMRRA and SOCAN together is an investment in the future of Canadian music. United, we’ll strengthen rights administration for publishers, songwriters and composers.” Jennifer Brown, CEO of SOCAN, tells Billboard Canada. “We’re grateful for SoundExchange’s leadership, and we’re excited to work with CMRRA to shape the next chapter of how music rights are supported and delivered.”
Both SOCAN and the CMRRA are key players in the licensing and rights distribution fields, helping to fairly distribute hundreds of millions of dollars in royalties to their members. Last year, SOCAN reached an all-time revenue record of $587 million, distributing over $511 million to its rightsholders. Meanwhile, CMRRA distributed $94 million in royalties to its clients, celebrating its 50th anniversary while also welcoming 477 new client affiliations.
SOCAN CMO Cameron Kennedy and CMRRA president Paul Shaver both landed on the Billboard Canada Power Players 2026 list this year, earning their spot among the most powerful and influential executives in the Canadian music business.
The acquisition of CMRRA marks a major centralization of performance and reproduction rights under one umbrella, uniting two leaders in the broader rights handling sector. SOCAN has been dealing with CMRRA for nearly a decade, since acquiring the SODRAC in 2018 (Society for Reproduction Rights of Authors, Composers and Publishers in Canada). SOCAN is now set to own the biggest handler of reproduction rights, adding to its own stewardship of public and performance rights.
“When SoundExchange acquired CMRRA nearly a decade ago, we saw an opportunity to strengthen its foundation, invest in its future, and enhance the services it provides to music publishers and songwriters,” says Michael Huppe, president and CEO of SoundExchange. “Together, SoundExchange and CMRRA have built a strong, innovative and thriving organization. We are proud of the progress achieved and believe SOCAN is the right organization to build on that success. This transaction benefits creators, publishers and the broader music community while allowing SoundExchange to continue advancing our core mission of delivering value to artists and rights owners around the world.”
https://i0.wp.com/neztelinc.com/wp-content/uploads/2020/10/station.nez_png.png?fit=943%2C511&ssl=1511943Yvetohttps://neztelinc.com/wp-content/uploads/2020/10/nez_png.pngYveto2026-08-01 03:03:342026-08-01 03:03:34In Canada: Angine de Poitrine, PUP & More Make SOCAN Polaris Song Prize Short List
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Netflix’s KPop Demon Hunters continues to expand its growing lineup of collectibles with a new blind box featuring phone huggers. The CultureFly release is the latest mystery-box merchandise inspired by the breakout animated musical hit, joining previous collectibles, like instant noodle-themed blind boxes, Funko Pops! and keychain charms. Now, fans have another chance to test their luck with a new series of miniature accessories that display their favorite heroes (and rivals) on phones and other electronic devices.
KPop Demon Hunters has become one of Netflix’s biggest success stories, with its soundtrack dominating streaming charts and “Golden” winning an Oscar, not to mention HUNTR/X emerging as a genuine K-pop phenomenon. Momentum shows no signs of slowing down, especially as the fictional musical trio is set to embark on a global concert tour that will bring the movie’s music to live audiences.
One mystery silicone minifigure chosen from nine possible designs in every blind box.
The collection features all three members of HUNTR/X (Rumi, Zoey and Mira), the Saja Boys (Jinu, Romance, Mystery, Abby and Baby), plus the fan-favorite blue tiger, Derpy. Each figure is made from flexible silicone and is designed to grip the edge of a phone, tablet, computer monitor or other flat surface without leaving sticky residue when removed or repositioned. The figures are intended as decorative accessories rather than functional phone grips or stands.
Because this is a blind box, buyers can’t choose which character they receive, and duplicates are possible when purchasing multiple boxes, but that’s part of the fun of collecting them. My advice? Start a collection with friends and swap minifigures until everyone has each character.
A collapsible grip that sticks to the back of a phone or case.
Give yourself a more secure and comfortable grip on your phone when texting and taking photos, or watch videos hands-free. This MagSafe-compatible PopWallet holds up to three cards and can snap on or off your phone with ease. An adaptor ring is included to attach to your phone case for wireless charging. Also available in a magnetic PopGrip and an adhesive PopGrip. All three products feature a swappable top to change the artwork. The adhesive PopGrip attaches to most smooth, hard plastic phone cases but is not compatible with wireless charging.
Karol G understands that her fans value her honesty and that her success lies in her vulnerability as an artist.
The Grammy winner announced Wednesday (July 29), while onstage, that her forthcoming studio album, No Me Arrepiento de Sentir Tanto (I Don’t Regret Feeling So Much), will arrive Aug. 7.
The album is G’s sixth studio set and has already sparked speculation about whether the artist is planning a full rebrand following her Tropicoqueta era, which was coded with an upbeat, vibrant and celebratory style, accompanied by reds, yellow and orange sunset tones and an obvious display of Latin and Colombian pride. That influence is also visible in the performances on her Viajando Por El Mundo Tropitour, which kicked off this month in Chicago.
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The album’s baby blue cover features the artist posing with a serious, pouty expression — drawing comparisons to Britney Spears’ 2003 album In the Zone — along with a glittery title that follows the silhouette of her body, clearly indicating that she’s entering a moodier moment in her journey. She spoke about the intentions behind the project with Elle, stating that fans will see her in a more “alternative realm” that she hasn’t fully dipped her feet into before.
“This is an album that opens a door for my fans to a more intimate Carolina — in my room, I have a ritual: I put up little lights, I burn candles and incense. I want people to listen to this new album that’s coming, in their own rooms, and see what comes up for them,” said the artist, who released the album’s first single, “Matadora,” onstage during the opening night of her tour July 24.
In the interview, the singer confessed that she’s a very sentimental person and hasn’t always liked that sensitive side of herself, but in the end, she prefers to feel deeply than not at all.
“I’d rather suffer because I lived too much — because I loved too much, because I had too much fun — than to not have had those experiences, you know? I’m inviting everyone to be a little more dramatic, a little more extra.”
No Me Arrepiento de Sentir Tanto arrives a little more than one year after the Colombian artist released Tropicoqueta in June 2025. The album debuted at No. 1 on the BillboardTop Latin Albums chart and No. 3 on the all-genre Billboard 200.
https://i0.wp.com/neztelinc.com/wp-content/uploads/2020/10/station.nez_png.png?fit=943%2C511&ssl=1511943Yvetohttps://neztelinc.com/wp-content/uploads/2020/10/nez_png.pngYveto2026-08-01 03:03:322026-08-01 03:03:32Karol G Invites ‘Everyone To Be A Little More Dramatic, A Little More Extra’ With New Album ‘No Me Arrepiento de Sentir Tanto’
All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes.
Halloween is still a few months away, but Old Navy is getting a head start with a new Disney collaboration. While the calendar still says summer, we’re seeing some spooky themes regardless, with hits like Dracula by Jennie and Tame Impala becoming a summer favorite (as evidenced by its appearance in this week’s Hot 100) and “Summerween” spreading across retailers.
Now, Disney is jumping on the early Halloween bandwagon. Adding to the existing Old Navy x Disney collaboration, the Haunted Harvest collection is an autumnal lineup inspired by Mickey & Friends. The assortment includes over 40 pieces for adults, kids, toddlers, babies and pets featuring cardigans, pajamas, tote bags, slippers, socks, baby onesies, pet sweaters and more in fall colors, classic plaid prints and playful Halloween-inspired designs. Items start at just $7.99 and go up to $49.99. The collection is exclusive to Old Navy, and the store’s cardmembers get early shopping access on July 30 before the collection goes public the following day.
This brown Fair Isle cardigan is designed with a garland of Mickey Mouse-shaped pumpkins.
The Old Navy x Disney Mickey Mouse Cardigan is available in regular, tall and petite adult sizes, plus toddler and kids sizes. This relaxed-fit sweater is finished with a crew neck, button front and rib-knit trim. It hits below the waist and is made from a soft cotton blend and recycled materials. Core and Premier Members receive free shipping on qualifying orders.
UNISEX FLANNEL SHIRT
Old Navy x Disney Mickey Mouse Flannel Shirt for Adults
A fall plaid shirt with mini orange Mickey Mouse heads all over.
Available in regular and tall adult sizes plus toddler and kids options, this Mickey Mouse flannel shirt is designed with a loose unisex fit using Old Navy’s standard men’s sizing. It features a spread collar, full-button front, buttoned cuffs and a chest pocket. Made from 100% cotton, it hits at the hip and works well for layering throughout the season.
PET CLOTHES
Old Navy x Disney Mickey Mouse Cozy Sweater for Pets
Dogs and cats can join the Disney fun with this Mickey Mouse pet sweater, available in sizes S-XL.
Created from recycled material, the rib-knit trim at the collar, front leg cuffs, and hem provides a comfortable, secure fit. The textured knit includes a Mickey Mouse pumpkin head graphic on the back with a convenient keyhole opening at the neck that allows easy attachment of a harness and leash.
MINNIE MOUSE TEE
Old Navy x Disney Minnie Mouse Boxy Cropped T-Shirt for Women
Available in regular, tall and petite adult sizes along with matching kids options.
This Minnie Mouse graphic T-shirt has an oversized boxy fit, sits at the waist and features elbow-length sleeves with a rib-knit crew neck. Made from 100% cotton, it’s a simple way to add Disney style to casual outfits.
Available in regular, tall and petite sizes, this Disney pajama set includes a long-sleeve crew neck top with matching pull-on shorts.
The relaxed-fit shirt falls below the waist while the shorts hit high on the thigh with an elastic waistband. Matching kids styles make family movie nights even more fun. Pair it with the coordinating fuzzy socks to complete the look.
This packable tote comes in two Disney-inspired designs.
One of the designs includes a fall plaid print with Mickey pumpkin icons throughout, and the other is a black tote featuring one oversized orange Mickey pumpkin graphic. The lightweight bag includes sturdy straps, an interior pocket and folds into itself for easy storage. Available in one size and made from machine-washable polyester.
SLIPPERS
Old Navy x Disney Mickey Mouse Sherpa Slippers for Women
These slippers feature a black exterior with a soft orange lining and a Mickey pumpkin design across the front. The slip-on style includes a cozy sherpa upper and textured outsole for indoor wear. Pair them with the Mickey Mouse crew socks available in a brown Fair Isle design or gray from the Haunted Harvest collection.
Shaped like a Mickey Mouse pumpkin, this mini bucket bag features Mickey’s smiling face on the front with his signature ears on each side.
Inside, the lined interior is finished with an orange and white gingham print for an extra seasonal detail. It works as an everyday pochette or a playful trick-or-treat bag when Halloween arrives.
ALSO FROM OLD NAVY
Old Navy x Disney Mickey Mouse Logo-Graphic Jean Jacket
Part of the existing Disney x Old Navy collection.
This unisex jean jacket is available in regular and tall adult sizes plus matching kids styles. The front features Old Navy embroidery with Mickey’s signature peace sign while the back showcases a large smiling Mickey stencil. Finished with button-flap chest pockets, welt pockets and classic denim jacket details.
Another Disney x Old Navy collab from their year-round collection.
This Disney x Old Navy T-shirt features a pumpkin-inspired Jack Skellington graphic with spooky ghosts flying through his oversized eye sockets. Available in regular and tall sizes, the relaxed unisex fit uses Old Navy’s standard men’s sizing. Finished with a rib-knit crew neck and soft cotton jersey, it’s an easy option for Halloween season and beyond.
https://i0.wp.com/neztelinc.com/wp-content/uploads/2020/10/station.nez_png.png?fit=943%2C511&ssl=1511943Yvetohttps://neztelinc.com/wp-content/uploads/2020/10/nez_png.pngYveto2026-07-31 03:03:232026-07-31 03:03:23Disney and Old Navy Are Back With Another Fan-Favorite Halloween Collection Starting at $8
Julieta Venegas reflected on how memory, migration and creative instinct shaped her latest album and her new memoir, both titled Norteña, during LAMC on Thursday (July 30). In a Q&A with Rolling Stone deputy music editor Julyssa López, the Mexican singer-songwriter spoke about returning to Mexico, revisiting her Baja California roots and building the emotional world behind her recent work.
The Tijuana-raised musician explained that the project began while she was living in Buenos Aires and missing both Mexico and her family. As she immersed herself in literature and history about Baja California — sparked in part by a photography and memoir project connected to her twin sister and grandfather — the ideas for both the album and book began to converge. “It made sense to write a memoir about my relationship to music, about my family,” she said. “I started building this little 3D world where I could just kind of sit and read and write and do these songs.”
That process ultimately pulled her back home. “It actually brought me back to Mexico,” Venegas said, framing the work as both a creative and personal reckoning. She described the album as a celebration of “norteño-inspired music,” though not a traditional norteño record, but rather one filtered through memory, longing and place.
Some of the session’s highlights came as Venegas reflected on her early years — first learning piano almost by accident, then joining the Tijuana scene with Chantaje as a teenager and discovering songwriting before she fully saw herself as a singer. “I started considering myself a songwriter before I considered myself a singer,” she said, recalling the freedom and chaos of those early band experiences.
She also spoke candidly about authenticity, saying she found her voice less through strategy than through instinct. “I knew what I didn’t want,” Venegas said. “It was all very intuitive.”
Later in the conversation, the singer-songwriter touched on collaborating across generations, including her appearance on Tainy and Bad Bunny’s “Lo Siento BB:/” — which reached No. 51 on the Billboard Hot 100 — while also speaking emotionally about songs rooted in the U.S.-Mexico border and family separation. Of one such song “La Línea” with Yahritza y Su Esencia, she said she wanted to capture “the emotional point of view of what happens. It wasn’t a statistic.”
On Wednesday (July 29), the night before her LAMC appearance, Venegas performed at New York City’s SummerStage.
https://i0.wp.com/neztelinc.com/wp-content/uploads/2020/10/station.nez_png.png?fit=943%2C511&ssl=1511943Yvetohttps://neztelinc.com/wp-content/uploads/2020/10/nez_png.pngYveto2026-07-31 03:03:222026-07-31 03:03:22Julieta Venegas Turns Memory Into ‘Norteña’ at LAMC: ‘It Made Sense to Write a Memoir About My Relationship to Music’
All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes.
Guns N’ Roses, with Axl, Duff, Izzy and Slash, hits the road this summer, with the tour scheduled to end in the United States on Sept. 19 at Truist Park in Atlanta, Georgia. The legendary rock band will then travel to Asia, Australia and New Zealand for the rest of 2026.
A rotating lineup of artists are set to support, with Public Enemy, The Barbarians of California, The Black Crowes, Ice Cube, Pierce the Veil and XCOMM all set for opening slots across the tour.
However, many of the dates have either sold out, or are very close to selling out, so one of the best ways to find last-minute Guns N’ Roses tickets online is through third-party sites, such as StubHub, SeatGeek, Vivid Seats, TicketNetwork, Gametime, Event Tickets Center and others. All online retailers guarantee authentic tickets in time for your concert. Prices may be above or below face value at times.
StubHub has Guns N’ Roses tickets available. The retailer ensures that all tickets are valid and authentic, but for whatever reason, if they’re not, you’ll get your money back. And, if your concert is canceled and not rescheduled, you’ll receive 120% in credit, or a full refund without the extra 20% credit. As of this writing, tickets start at $11.
One of the lowest prices we’re seeing for Guns N’ Roses tickets is at SeatGeek. We’re seeing tickets starting at only $10, as of publication. Use our discount code BILLBOARD10 to save an additional $10 at checkout.
You can find Guns N’ Roses tickets online at Vivid Seats, which lets you search by price, location and “Super Sellers,” which denotes reputable sellers with the best deals on tickets. You can even get 10% off your first purchase when you sign up for the company’s newsletter. On Vivid Seats, tickets start as low as $11, as of this publication date. As a bonus, you can use our exclusive promo code BB30 to take $30 off your purchase.
TicketNetwork has tickets to Guns N’ Roses’ concerts with all-in pricing that lets you see exactly what you’ll pay up front (fees included). Tickets start at just $11, as of this writing. You can use our exclusive code BILLBOARD150 to save $150 off $500 or BILLBOARD300 to save $300 off orders of $1000 and up.
Guns N’ Roses 2026 Tour Dates
Aug. 1: Hersheypark Stadium in Hershey, PA (Buy tickets online here)
Aug. 8: Mystic Lake Amphitheater in Shakopee, MN (Buy tickets online here)
Aug. 12: MetLife Stadium in East Rutherford, NJ (Buy tickets online here)
Aug. 16: Busch Stadium in St. Louis, MO (Buy tickets online here)
Aug. 19: Morton Amphitheater in Kansas City, MO (Buy tickets online here)
Aug. 22: Allegiant Stadium in Las Vegas, NV (Buy tickets online here)
Sept. 2: Snapdragon Stadium in San Diego, CA (Buy tickets online here)
Sept. 5: Rose Bowl in Pasadena, CA (Buy tickets online here)
Sept. 9: Globe Life Field in Arlington, TX (Buy tickets online here)
Sept. 12: Thunder Ridge Nature Arena in Ridgedale, MO (Buy tickets online here)
Sept. 16: Alamodome in San Antonio, TX (Buy tickets online here)
Sept. 19: Truist Park in Atlanta, GA (Buy tickets online here)
https://i0.wp.com/neztelinc.com/wp-content/uploads/2020/10/station.nez_png.png?fit=943%2C511&ssl=1511943Yvetohttps://neztelinc.com/wp-content/uploads/2020/10/nez_png.pngYveto2026-07-31 03:03:222026-07-31 03:03:22Here’s Where to Get Last-Minute Guns N’ Roses Tour Tickets Online
After pressing pause on its flagship festival for 2026, Desert Hearts is making a smaller-scale return this fall.
The dance music collective has announced Microfest, a new five-day gathering set for the beginning of October at Deloro Valley in Northern California. This comeback is designed to encapsulate the intimate ambience that helped launch Desert Hearts more than a decade ago, and it’s meant to bring fans back to the community-focused dancefloors that first defined the brand.
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This announcement comes after the pause of Desert Hearts Festival 2026, the news of which was shared in an Instagram post this past November. The crew’s statement read that “After 13 years of magic, love, and dancing under the stars, we’ve made the tough call to pause Desert Hearts Festival in 2026. This isn’t goodbye – but it’s time to reset, refocus, and rebuild so the heartbeat of DH can keep going strong for years to come.”
With today’s news, Desert Hearts has kept their promise to come back better than ever, with the Microfest lineup featuring house and techno veterans alongside longtime Desert Hearts favorites. DJ Minx, Stacey Pullen, Danny Daze, Doc Martin, Justin Martin, DJ Holographic, Kevin Knapp, Shaded (Live), Toy Tonics (Barbara Boeing & Cody Currie) and Life On Planets are among the artists scheduled to perform, with Desert Hearts founders Mikey Lion, Lee Reynolds, Marbs and Porky also taking the stage throughout the weekend.
Additional performances will come from B Rose, Brunch Life, Caleb Jackson, Groovewell, Issac Carter, Jake Mora, Justin Campbell, Maitreya, Rob Grega, Sprout, Stacy Christine and Techno Tupac. See the complete lineup below.
The lineup reveal also arrives alongside new music from the collective’s founders. Mikey Lion and Marbs have released “A Place For Us” under their newly unified Desert Hearts artist project, with the song reflecting the sense of connection and belonging that has long been central to the Desert Hearts community.
Microfest takes place Oct. 1-5 in Deloro Valley, Calif. Tickets are available now.
https://i0.wp.com/neztelinc.com/wp-content/uploads/2020/10/station.nez_png.png?fit=943%2C511&ssl=1511943Yvetohttps://neztelinc.com/wp-content/uploads/2020/10/nez_png.pngYveto2026-07-31 03:03:222026-07-31 03:03:22Desert Hearts Returns With Intimate Microfest After Pausing Flagship Festival
Sphere Entertainment reported Thursday (July 30) that second-quarter revenue rose 11% to $313.6 million, as the company’s flagship Las Vegas venue added more viewings of its popular adaptation of The Wizard of Oz.
However, the company recorded an overall $61.3 million operating loss, $11.1 million more than the year-ago quarter, due in part to a 30% increase in the Sphere segment’s selling, general and administrative expenses, which totaled $125.6 million for the second quarter ending June 30.
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Sphere Entertainment had an adjusted operating income of $50.9 million, down 17% from a year ago. Notably, this figure was adjusted to strip out the impact of share-based compensation, depreciation and amortization costs related to a merger with MSG Networks and other costs the company says are not related to its fundamental business operations.
The Sphere segment, which generates revenue from Sphere Experience film showings, brand events, concert residencies and sponsorship and suite licensing fees, generated revenue of $226.4 million, up 29% compared to the year-ago quarter, mainly on more “per-performance” revenue from The Wizard of Oz at Sphere.
“We’re not shy of demand from artists to come play the Sphere, and we have some great artists coming up,” executive chairman and CEO James Dolan said when asked during an earnings presentation about Oz and where additional growth will come from. “But the whole business strategy behind the creation of Sphere is utilization of the venue, and that’s where we look at the growth to come.”
From its opening last August to mid-June, The Wizard of Oz at Sphere has sold more than three million tickets and generated over $400 million in ticket sales. The company said 220 “performances” of Oz in the second quarter exceeded the 215 showings of Postcard from Earth and V-U2 An Immersive Concert Film in the year-ago quarter. That translated to Sphere Experience-related revenue growing by $53.8 million in the second quarter from a year ago.
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The company announced earlier this quarter that it is working on the production of a new Sphere Experience — The Rocky Horror Picture Show at Sphere — which is expected to open in 2027. Dolan said earlier this year that the company also expects to debut From The Edge, a film about extreme sports, later in 2026.
Sphere event-related revenue fell $11.7 million due to two fewer brand events compared to the year-ago quarter, but that was partially offset by higher revenue from concerts, according to the company. While there were six more concerts held in the second quarter at Sphere this year compared to a year ago, the concerts held in April, May and June had lower per-concert revenue compared to the same period last year.
The company did not disclose an overall event-related revenue figure in its initial second-quarter financials, making it difficult to determine the share of revenue contributed by The Sphere Experience and concerts. However, the company said it generated $150 million in ticketing and venue licensing fees from Sphere in Q2 overall.
Dolan compared Sphere’s ability to capitalize on concerts to Madison Square Garden, which he also owns.
“The Garden does approximately 200 or something events a year, and it is hamstrung by the fact that you have to load in, you have to load out,” Dolan said. “When we created Sphere, it was all about increasing utilization through our own IP and our own content. I don’t think that we have refined the model to the point where we’ve maximized the revenue potential there, and I think we have new products, some of which we haven’t talked about.”
The Sphere segment generated a nearly $70 million operating loss. That’s around $14 million less than the loss notched in the year-ago quarter thanks to higher revenue.
The company continues to develop plans for additional Sphere venues, and Dolan said the company will likely announce plans for a new Sphere later this year. Construction on the Sphere on Yas Island in Abu Dhabi is expected to be completed in 2029, with the company saying in a statement that “plans to bring Sphere to National Harbor also continue to move forward.”
MSG Networks generated revenue of $87.3 million, down 18% from the year-ago quarter, primarily due to distribution revenue falling $13.7 million on a 16.5% decline in total subscribers.
https://i0.wp.com/neztelinc.com/wp-content/uploads/2020/10/station.nez_png.png?fit=943%2C511&ssl=1511943Yvetohttps://neztelinc.com/wp-content/uploads/2020/10/nez_png.pngYveto2026-07-31 03:03:202026-07-31 03:03:20Sphere Entertainment Revenue Rises 11% in Q2 on ‘Wizard of Oz’ Success
The latest offering from Disney’s fruitful fantasy franchise Descendants casts a spell on the charts, as the Descendants: Wicked Wonderland soundtrack debuts on multiple rankings (dated Aug. 1). The film, which premiered on Disney Channel July 16 and hit the Disney+ streaming service a day later, is the sequel to Descendants: The Rise of Red (2024) and the fifth film in the Descendants series.
The new musical fantasy comedy movie stars Kylie Cantrall and Malia Baker, and was directed by Kimmy Gatewood. Also on board in the cast and on the soundtrack: Billboard chart-toppers Brandy and Rita Ora, who play Cinderella and the Queen of Hearts, respectively, in the film.
On the Kid Albums chart, Wicked Wonderland debuts at No. 1 and is the fifth leader from the Descendants world.
Kid Albums ranks the week’s most popular kid albums in the United States, by equivalent album units, according to Luminate. The latest chart reflects the tracking week ending July 23.
Meanwhile, on the Soundtracks chart the new album starts at No. 2, following four No. 1 debuts for the series.
On the Billboard 200, the new album enters at No. 88, marking the fifth from the Descendants-verse series to start in the top half of the chart. The first three soundtracks (in 2015, 2017 and 2019) all debuted in the top 10, with the first bowing at No. 1. Also notable, Descendants: Wicked Wonderland is just the third TV soundtrack to debut on the Billboard 200 in 2026, following Heated Rivalry and Stranger Things 5.
Lastly, on the Independent Albums chart, the new project bows at No. 13.
https://i0.wp.com/neztelinc.com/wp-content/uploads/2020/10/station.nez_png.png?fit=943%2C511&ssl=1511943Yvetohttps://neztelinc.com/wp-content/uploads/2020/10/nez_png.pngYveto2026-07-30 03:03:392026-07-30 03:03:39‘Descendants: Wicked Wonderland’ Debuts at No. 1 on Kid Albums Chart
