the wizard of oz
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Hearing Judy Garland‘s 16-year-old voice singing the original “Over the Rainbow” a cappella — minus The Wizard of Oz orchestration — was not the intensely emotional experience you might predict for her daughter, Lorna Luft. As the singer and actress put it: “Well, I heard my mom sing it a lot.”
But this newly edited version of Garland’s signature song, which makes its debut on streaming services on Friday (Nov. 7), will blow most Oz fans’ minds. “It’s just so honest and so pure,” says Luft. “To be able to hear my mother’s vocal as if you’re in a room with her, and there is no piano, just her vocally — people have gotten so emotional when they hear this. It takes them back to where they were when they heard the song.”
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This stripped-down “Over the Rainbow” is part of a re-recorded The Wizard of Oz soundtrack that first aired only as part of The Wizard of Oz at Sphere, an immersive 4D version of the 1939 classic that opened at the Las Vegas venue in June. The uncluttered voice of Garland, who died in 1969, is the centerpiece of the new 42-track recording, which unites the original actors’ voices with a contemporary orchestra convened at the original MGM studio in Culver City, Calif. “You’re hearing things that you’ve never heard before — nuances and themes you didn’t catch onto — because you’re hearing it so clearly,” says Julianne Jordan, the production’s music supervisor.
To prepare Oz for its Sphere treatment, the production team separated the vocal stems from the music and the background noise from the original mono recordings. “I had an Oscar-winning friend, who will be unnamed at the moment, who did a test for me and took ‘Over the Rainbow’ and said, ‘I can help,’” says Ralph Winter, Sphere Studios’ head of production. “What he was able to do was separate out the music and the effects and the tracks and the noise and come up with just Dorothy’s vocals. It was so pure to hear what only maybe those studio executives and the director heard back in 1939.”
In August 2024, the Sphere team convened an 80-piece orchestra to re-record the tracks from the Oz score at the MGM scoring stage, now owned by Sony, in Culver City, Calif. Conducted by longtime film composer David Newman, the orchestra employed instruments used for Oz, like the ocarina, or hand flute, featured in the Scarecrow’s “If I Only Had a Brain.”
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To align the new orchestral recordings with the original vocals from Garland, Ray Bolger (who played the Scarecrow), Bert Lahr (the Cowardly Lion), Buddy Ebsen (the original Tin Man, who sang for the soundtrack but was replaced in the film) and the rest, Sphere Studios and Warner Bros. Post Production Creative Services teamed up to separate the tracks into stems. Thus, in spring 2024, Jordan was present when the Sphere team unveiled the a cappella “Over the Rainbow” on a Warner Bros. stage. “Not a dry eye,” she says. “Incredible. Really clean.”
The original “Over the Rainbow,” recorded in October 1938, was two Garland takes spliced together. “She got up [to] ‘somewhere over the rainbow, way up high’ — and she coughed, and she apologized, and they started again,” says John Fricke, a New York-based Oz historian who has written several books about Garland and the film. “They used the beginning of that take because they liked it more and married it with the almost-full take of the rest of the song.”
Luft shared the new a cappella version two weeks ago with Fricke, a longtime friend who first heard the original when he viewed The Wizard of Oz on TV in 1956. “My first reaction was, it’s amazing that this can get to me the way it does when I know every second of that track,” Fricke says. “The magic is that it’s still magical.”
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The original Oz score and soundtrack, created at the MGM studios in 1938, was created by a team of musicians that included songwriting duo Harold Arlen and E.Y. “Yip” Harburg, who wrote classics like “Over the Rainbow” and the vaudeville-influenced “If I Only Had a Brain” and “Follow the Yellow Brick Road.” Meanwhile, the studio’s music director, Herbert Sothart, composed most of the score, including the ghostly strings and brass in “The Haunted Forest.” According to Luft, the Garland estate, which includes her half-sister Liza Minnelli, owns Garland’s name and likeness rights and quickly signed off on the new “Over the Rainbow” release after Sphere inquired.
“I just want people to understand how important this movie is, and this song, and now to be able to hear my mother’s vocal as if you’re in a room with her,” Luft says. “It’s a song about finding a better place. That doesn’t mean physical. It means in your mind. It means there is hope.”
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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 performance despite numerous music stocks posting gains. In the last week, the euro fell about 0.3% against the U.S. dollar while the Korean won lost approximately 1.2%.
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Spotify had the week’s biggest loss after falling 3.8% to $645.78, bringing its five-week decline to 12.1%. Numerous analysts expect the company to raise U.S. subscription prices by early 2026, which would provide further margin improvement and help deliver streaming royalty growth to rights holders. Investors appear not to be taking a possible price increase into account yet, though. The Stockholm-based streaming company will announce third-quarter earnings on Nov. 4.
Live Nation shares slipped 1.5% to $152.86. Although the stock is up 18.0% in 2025, it has fallen 12.0% over the last six weeks. On Wednesday (Oct. 22), Deutsche Bank lowered its price target to $173 from $175. Then on Thursday (Oct. 23), Citi lowered its price target to $181 from $195.
LiveOne rose 23.3% to $5.55. The music streaming company announced on Monday (Oct. 20) that it plans to launch a subsidiary in Africa, LiveOneAfrica, in partnership with Virtuosity Music Group. “Through this partnership, we’ll connect LiveOne’s technology and artist ecosystem with one of the most vibrant creative markets in the world,” CEO Robert Ellin said in a statement.
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Anghami rose 0.4% to $2.85. On Wednesday (Oct. 22), the company announced it will issue 2.38 million shares of common stock to satisfy the convertible debt held by OSN Streaming Limited. Anghami’s share price fell 5% following the news but recovered on Thursday and Friday.
K-pop stocks were in the black this week. HYBE jumped 6.9%, JYP Entertainment rose 6.1% and SM Entertainment increased 1.5%. YG Entertainment rose just 0.6%.
Inflation data announced Friday showed a modest increase to 3%, leading to a jump in stock prices as investors anticipated a pending interest rate cut by the U.S. Federal Reserve. The economy hasn’t fallen apart despite reports of growing auto reposessions and a never-fail sign of tightening budgets: a surge in sales of Hamburger Helper.
In the U.S., the Nasdaq composite index rose 2.3% to 23,204.87 and the S&P 500 improved 1.9% to 6,791.69 — both record highs. The U.K.’s FTSE 100 gained 3.1% to 9,645.62. South Korea’s KOSPI composite index soared 5.1% to 3,941.59 and hit an all-time high on Friday. China’s Shanghai Composite Index rose 2.9% to 3,950.31.
American Idol is heading “Somewhere Over the Rainbow.” In a new Wizard of Oz-themed promo, judges Katy Perry, Luke Bryan and Lionel Richie, alongside host Ryan Seacrest, make their way down the Yellow Brick Road to visit cities “big and small.” Set to air during ABC’s Seacrest-hosted Dick Clark’s New Year’s Rockin’ Eve broadcast on Dec. 31, […]
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