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Sphere Reports $30M in Revenue From U2 Shows, But Debt Funding Plan Causes Stock Tumble

Sphere Entertainment provided the first inside glimpse at the finances of James Dolan‘s $2 billion Sphere project in Las Vegas in a new Securities and Exchange Commission filing on Tuesday (Dec. 5).

Spun off from Madison Square Garden Entertainment in April and now trading on the NYSE as SPHR, the company is expected to report positive adjusted income this quarter thanks to the opening of the venue and a successful run of shows including U2:UV’s Achtung Baby Live At Sphere.

According to Billboard Boxscore, U2‘s 17-show run beginning in September at Sphere generated nearly $110 million in ticket sales. The SEC filing notes that those shows generated a total of $30.7 million in revenue for Sphere Entertainment through Nov. 30. Meanwhile, Sphere Entertainment’s own content offering, Darren Aronofsky’s Postcard from Earth, has generated approximately $44.5 million in total revenue from ticket sales from 111 showings.

U2 played its first show at Sphere on Sept. 29, 2023, kicking off a multi-month run at the venue. Due to the strong demand, 15 more shows have been added in January, February and March 2024, bringing the band’s planned number of performances to 40.

Also in the SEC filing, the company announced plans to raise money through the sale of $225 million in convertible senior notes that are due to mature in 2028, as well as the option for purchasers to buy an additional $33.75 million in notes.

Sphere Entertainment plans to use a portion of the proceeds from the notes sale to fund capped call transactions designed to reduce the potential dilution of its common stock from the conversion of debt into equity. The remainder of the net proceeds will be used for general corporate purposes, including capital for Sphere-related growth initiatives, according to a release announcing the offering. The initial conversion rate, interest rate and certain other terms of the notes will be negotiated between Sphere Entertainment and the initial purchasers.

Sphere Entertainment began the quarter (starting Sept. 30) with $433.5 million in cash on hand, with $123 million coming from advance ticket sales. The principal balance of the company’s total debt at the beginning of the quarter was approximately $1.2 billion, including $932.3 million of debt under the MSGN Credit Facilities. Under the terms of the MSGN deal, $103.1 million in required quarterly amortization payments are due between Sept. 30, 2023, and Oct. 11, 2024.

Shares of Sphere Entertainment dropped nearly 20% in trading after the company announced the debt offering, but bounced back slightly and were down 15.5% to $28.41 at the market’s close.

Juan Luis Guerra Talks ‘Radio Güira’ EP, ‘Capitán Avispa’ Film, Writing Music for His Wife & More | Billboard News

Latin music legend Juan Luis Guerra spoke with Billboard Español deputy editor Sigal Ratner-Arias about his latest EP ‘Radio Güira,’ his upcoming animated film ‘Capitán Avispa,’ writing music for his wife, finding inspiration, the key to his long career and more!

Juan Luis Guerra:
It was part of what ‘Radio Güira’ is. To bring joy and a message of peace, of love.

Hi, I’m Juan Luis Guerra, and you’re watching Billboard News.

Sigal Ratner-Arias:
Don Juan Luis Guerra, welcome to Billboard News. What an honor to have you here. Thanks for coming.

Juan Luis Guerra:
Thank you for the invitation.

Sigal Ratner-Arias:
“Radio Güira,” 6 songs merengue, son, bachata and more.

Juan Luis Guerra:
Yes.

Sigal Ratner-Arias:
Tell me a little to start. How did the – I know the radio concept and everything, but how did the name ‘Radio Güira’ come about? Why ‘Radio Güira’?

Juan Luis Guerra:
I was looking for a name that would attract attention and within them, Güira emerged. The güira is my favorite folk instrument and we thought ‘Radio Güira’ was going to attract a lot of attention. And we wanted to make a new concept with practically new music that we would not have done before. That’s where the name came from. Also, I used to have in the Dominican Republic a radio called ‘Radio Viva’ that had kind of the same concept this ‘Radio Güira’ has.

Sigal Ratner-Arias:
How did the EP idea arise? The idea of doing it as if presenting each song on a radio.

Watch the full video above!

Juan Luis Guerra Reveals Details of His Animated Movie ‘Capitán Avispa,’ With Voice Cast Including Juanes and Luis Fonsi: Exclusive

In mid-November, Juan Luis Guerra shared on his social media a sneak peek of a new project that has him very excited: An animated movie called Capitán Avispa. The film, scheduled to hit theaters in the United States and Latin America sometime in 2024, according to Guerra, will feature old and new songs by the Dominican music master.

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“In addition to the fact that I am going to write songs specifically for the character, you will hear everything from ‘Rosalía’ to ‘La Bilirrubina’,” Guerra told Billboard Español in a recent interview in New York, in which he revealed details of the movie for the first time. “He is a very beautiful character,” he added enthusiastically about Capitán Avispa (Captain Wasp in English). “He is a Latin hero, we could say, and everyone will like him.”

“Strong and brave, he never lies!” the insect declares in the teaser that Guerra published last month on his Instagram account, without identifying the voice behind the courageous and sweet character.

“The main voice of the Captain is done by my dear [Luis] Fonsi,” Guerra told Billboard Español in the interview recorded for Billboard News, adding that “Joy [Huerta, from Jesse & Joy] does the voice of Honey Bee, who is Capitán Avispa’s companion.” He also excitedly announced that they both sing a “beautiful song together — they are the most beautiful voices you can ever hear.”

Helmed by his son Jean Gabriel Guerra (who has directed many of his father’s music videos) along with animation director Jonathan Meléndez, Capitán Avispa was created by Juan Luis, who has recruited other friends and colleagues to give life to the different characters: Juanes provides the voice of Sargento Picadura, he revealed, and the Colombian rocker’s wife, actress Karen Martínez (also known as Chechi) plays Jimena. Additionally, Dominican actor José Guillermo Cortinez provides the voice of a character named Jacques Puasón, and Dominican actress Amelia Vega — Miss Universe 2003, as well as Guerra’s niece — voices Bolivia.

A four-time-Grammy and 24-time-Latin Grammy winner, Guerra has had a fruitful four-decade career, in which he’s placed dozens of songs and albums on the Billboard charts — from “Ojala Que Llueve Café,” his first entry on Hot Latin Songs, which reached No. 21 in Nov. 1989, and his iconic Bachata Rosa, which topped the Tropical Albums chart for 12 weeks in 1991; to “Mambo 23,” which reached No. 1 on the Tropical Airplay just last week (Nov. 25).

The latter song is part of his most recent production with his group 4.40, Radio Güira, a six-track EP full of humor, love and poetry, over mambo, bachata and merengue rhythms, very much in the style of Juan Luis Guerra. Each of the songs is presented as if it’s being played on the radio, with supposed calls from listeners and even a special cooking recipe.

“We wanted to put a smile on the faces of people who listened to Radio Güira,” Guerra said. “It was part of what Radio Güira is, bringing joy, bringing a message of peace, of love.”

Watch more of the interview above in the Billboard News video.

Of Course Travis Scott Made Merch for his Audemars Piguet Collaboration

Travis Scott is one of the most successful musical artists of his generation. But in his heart of hearts, he’s really a product person. He relishes creating new things and finding new ways to express his artistic desires. It’s why he told GQ that he’s “going to Harvard for architecture school.” He just wants to make things at the highest level. So, after partnering with Nike, Sony’s PlayStation, McDonald’s, Dior and Fortnite, it wasn’t a shock to hear that he partnered with the Swiss luxury watchmaker Audemars Piguet to produce a small batch of the Royal Oak Perpetual Calendar.

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Afterall, he mentioned it on “Meltdown” off his latest album Utopia when he rapped, “Wrappin’ the cheese, wrap around me ’cause I’ve got property/ Chocolate AP and chocolate the Vs.” The watch is the final project overseen by Audemars Piguet CEO François-Henry Bennahmias, who has run the company since 2013, and was announced at an event on Nov. 30.

The super-limited 41MM timepiece, encased in a chocolate ceramic case with a brown calfskin strap and “Utopia Is a State of Mind” engraved on the back, was limited to 200 pieces, and, like most Scott collabs, completely sold out.

The Cactus Jack x Audemars Piguet Collection

Cactus Jack

If you didn’t have $200,000 to drop on a brown watch but still want to rep Cactus Jack and AP, Scott has you covered. On Tuesday (Dec. 5), the “K-Pop” rapper released a capsule collection featuring everything from sweatshirts and T-shirts to robes and slippers. Prices range from $60 for a dad hat to $1,850 for a leather bomber jacket. Every piece is bathed in a familiar brown hue that Scott has used on everything from his Mercedes-Benz G-Wagen to his infamous Batman halloween costume, and now his very own Royal Oak.

The Cactus Jack x Audemars Piguet Collection

Cactus Jack

“Watchmaking, to me, is the ultimate combo of engineering, fashion, tech and design — a harmony of precision, craftsmanship and perfect timing,” Travis Scott said via press release. “I approached this collaboration similar to sampling or starting a beat, taking inspiration from classics while introducing innovation to push them into the future.”

The Cactus Jack x Audemars Piguet Collection

Cactus Jack

The entire collection is currently available at Travis Scott’s web shop.

Paul McCartney Mourns Ex-Bandmate & ‘Great Talent’ Denny Laine: ‘It Was a Pleasure to Know You’

Following the news of rock legend Denny Laine’s death, his former bandmate Paul McCartney took to Instagram to mourn the loss.

“I have many fond memories of my time with Denny: from the early days when The Beatles toured with the Moody Blues,” he wrote alongside a throwback picture of Laine. “Our two bands had a lot of respect for each other and a lot of fun together. Denny joined Wings at the outset. He was an outstanding vocalist and guitar player. His most famous performance is probably ‘Go Now’ an old Bessie Banks song which he would sing brilliantly. He and I wrote some songs together the most successful being ‘Mull of Kintyre’ which was a big hit in the Seventies. We had drifted apart but in recent years managed to re-establish our friendship and share memories of our times together.”

He continued, “Denny was a great talent with a fine sense of humour and was always ready to help other people. He will be missed by all his fans and remembered with great fondness by his friends. I send my condolences and best wishes to his wife, Elizabeth and family. Peace and love Denny. It was a pleasure to know you. We are all going to miss you.”

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Laine — who co-founded The Moody Blues and Wings alongside Paul and Linda McCartney — died on Tuesday, Dec. 5. His wife Elizabeth Hines announced the news on Facebook, less than three months after she started a GoFundMe to help with Laine’s “critical” health issues following a serious bout of COVID-19 followed by a bacterial infection.

The Rolling Stones 2024 ‘Hackney Diamonds’ Tour: Where to Get Tickets for Less Online

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The Rolling Stones are hitting the road for the Stones 2024 tour supporting their new album, Hackney Diamonds. The band will perform in 16 cities including Las Vegas, Houston, Seattle, Orlando, Atlanta, Philadelphia, Cleveland, Vancouver, and Los Angeles. The 16-date tour launches in Houston on April 28, 2024 and ends in Santa Clara, Calif. on July 17, 2024.  

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Pre-sale tickets went on sale on Nov. 29 and general admission passes went on sale on Dec. 1. Per to the Stones’ Instagram account, “A limited number of tickets will be sold at $39.50 plus service charges.”

How much are the cheapest tickets to the tour? From what we’ve found online, the cheapest tickets are priced as low $68+ at SeatGeek. Ticketmaster, Vivid Seats and StubHub’s prices start at approximately $78-$153 for the cheapest seats.

Some of the higher priced, general admission tickets will cost you around $300-$450. VIP tickets are priced at around $799 and up for standing room passes and upwards of $5,000-$7,000 for select dates. Vivid Seats offers ticketing deals available for select cities such as Philadelphia, Vancouver, Inglewood, Calif. and Foxborough, Mass. Want more deals? You can save $10 off $250+ at SeatGeek with code: BILLBOARD10 (offer valid on first purchase only).

Scheduled shows in Vancouver and the New Orleans Jazz fest are some of the faster selling tickets so if you’re interested in scoring passes, it’s best to act fast.

In honor of the tour, The Rolling Stones dropped a merch collection on Amazon comprised of T-shirts, sweatshirts, tank tops and more. Shop tour merch here.

Dave East ft. Jadakiss “Weirdos,” Millyz “Strangers” & More | Daily Visuals 12.5.23

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For a while now Dave East has been one of the few rappers from New York that’s been consistent in repping the streets of the Big Apple and today he gets an assist in doing so from an OG/MVP of the Verzuz battleground.

For his visuals to “Weirdos,” East recruits the timeless talents of Jadakiss to join him out on the streets where the men floss their ice under the city lights while getting lifted off of the earth’s essence and big boy bottles.

From New York City to Boston, Millyz seems to have his hands full as he juggles two astonishingly thick women and in his clip to “Strangers” the shamrocked rapper tries to appease both women while maintaining his own sanity. Good problems, right?

Check out the rest of today’s drops including work from Shordie Shordie and Murda Beatz, DeeBaby, and more.

DAVE EAST FT. JADAKISS – “WEIRDOS”



MILLYZ – “STRANGERS”



SHORDIE SHORDIE & MURDA BEATZ – “DRINK”



DEEBABY – “CAN’T TELL ME”



RON THE BOMB – “REVENGE”



NBA YOUNGBOY – “NEVER STOPPING”


https://youtube.com/watch?v=Ka5Oc5W8FQA&version=3&rel=1&showsearch=0&showinfo=1&iv_load_policy=1&fs=1&hl=en-US&autohide=2&wmode=transparent

BRICK WOLFPACK – “THAT’S THE ONE”



DOA BEEZY – “LONG LIVE”



Selena Gomez Jokingly Enlists Brooklyn Beckham’s Help to Leave an Event

Selena Gomez represented the introvert community with her new Instagram Story on Tuesday (Dec. 5).

In the clip, the Only Murders in the Building star is seen quickly leaving the Academy Museum of Motion Pictures Annual Gala in Los Angeles on Dec. 4. As she runs, her pal Brooklyn Peltz-Beckham holds the train of her black gown so she doesn’t trip. “Me leaving any event,” she joked in the caption. “Thank you @brooklynpeltzbeckham for the help.”

See the Story here before it disappears.

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Earlier this year, Brooklyn appeared as a guest on the Jennifer Hudson Show, where he opened up about his and wife Nicola Peltz-Beckham’s friendship with the “Hands to Myself” singer. “[Gomez] says we’re a throuple,” he joked to Hudson. “She’s a very sweet girl, obviously very talented, and I love when my wife makes new friends, especially really great friends. And you know, we all get along, so yeah!”

The trio met in December 2022, so when Brooklyn posted a photo of the “throuple” at the Gala this week, he fittingly captioned the post, “Our anniversary.” See it here.

Earlier in the month, Gomez gushed over another one of her besties, praising Taylor Swift for earning the title of Apple Music Artist of the Year. “I think it’s pretty obvious why Taylor is the artist of the year,” Gomez says in a self-filmed clip posted by Apple Music on social media. “She has done so much for her community and fans.”

HHW Gaming: Rockstar Games Went Ham With References To Real-Life Florida Events In ‘GTA 6’ Trailer

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GTA 6 Trailer Is Full of Real-Life Florida Events

Source: Rockstar Games / GTA 6

One thing you can count on in any Grand Theft Auto title is hilarious references to real-life events in the game, and that continues to be the case in GTA 6.

Florida is currently the butt of all the jokes in the real world, thanks to the numerous “Florida man” shenanigans, the orange menace Donald Trump living there, lame governor Ron DeSantis and other ridiculous real-live events that seem to happen there daily.

The GTA 6 trailer, which was initially going to premiere today, hit social media after Rockstar Games released it early to battle a leak.

The nearly two-minute trailer is on pace to break some records, already racking up over 90 million views and over 8 million likes. The trailer references real-life events in Florida but is remixed to fit GTA 6’s fictional world of Leonida and Grand Theft Auto’s version of Miami, Vice City.

Since the trailer’s arrival, viewers have been picking it apart, and they have been able to nail down every real-life inspiration from Florida events in the game’s trailer.

Florida References Broken Down

One reference that stands out is the Florida Joker, a tattoo model who went viral in 2017 following his arrest and his mugshot featuring his tattooed covered face hitting the web.

Another moment in the trailer that stands out is when a woman wields two hammers, which people are tying to an actual real-life incident that didn’t go down in Florida but in Los Angeles but easily could have been a Sunshine State moment.

Florida is well known for its gator moments, and plenty are in the GTA 6 trailer.

Another moment that had GTA fans saying oh sh*t is the Black woman twerking on top of the car while it’s speeding down the highway, which also happened in real life if you must know.

There is an account on X, formerly Twitter that breaks all references; you can see the post below.

GTA VI arrives on PS5 and Xbox Series S | X in 2025.

Photo: Rockstar Games / GTA 6

Charlamagne Tha God Says 50 Cent’s Diddy Trolling Is Diabolical Genius Level

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Hell of A Week With Charlamagne Tha God

Source: Comedy Central / Comedy Central

Controversy aficionado Charlamagne Tha God is very impressed with 50 Cent’s trolling ability. He says the rapper’s most recent attack on Diddy is diabolical genius.

HipHopDX is reporting that the Moncks Corner, South Carolina native put heavy respect on 50 Cent’s online antics. On a recent episode of Brilliant Idiots podcast the radio host made it clear that Fif’s pettiness is next level. Last week 50 Cent shared a post telling Diddy that he would purchase Revolt TV from him after he announced he would be stepping down as chairman. “I’ll buy that from you play boy , for the low because you know Cadillac and AT&T gonna pull out. I’ll give you a few dollars for it now! Sell it to me, then we can be friends I’m serious call my phone” he wrote. 

Charlamagne theorized that the proposal was much more layered than everyone thought. “I’m [going to] tell you why 50 is literally a diabolical genius. [He’s] telling people who the sponsors are so if they wanna harass Cadillac and AT&T, that’ll happen […] don’t f*** with Fif.” The compliment quickly went viral and landed on Rick Ross’ radar and let’s just say Rozay vehemently disagreed. “A diabolical genius doesn’t file foreclosure, doesn’t file bankruptcy, that’s not a diabolical genius. A diabolical genius, for my next generation of bosses, they buying Delta. They buying the Miami Heat” he explained. Ross would end the clip saying “stop d*ck riding”.

You can see Charlamagne talk 50 Cent below.