Acquisition expands Sphere Entertainment's capabilities and enables further innovation Entire immersive experience 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 remaining shares it did not previously own in HOLOPLOT GmbH (“HOLOPLOT”), a global leader in 3D. announced that it had been acquired. audio technology. Sphere Entertainment first invested in HOLOPLOT in 2018 when the two companies partnered to develop his Sphere Immersive Sound powered by HOLOPLOT. This revolutionized the live audio experience when Sphere opened. Las Vegas in September 2023.
In a joint statement on behalf of Sphere Entertainment, they said: David DibbleMSG Ventures CEO, paul westburyVice President of Development and Construction said: “HOLOPLOT is at the forefront of audio innovation, and its custom-designed technology is already transforming the possibilities of concert-grade sound. This acquisition reflects our commitment to staying at the cutting edge.” We will continue to offer immersive experiences while exploring growth opportunities for both Sphere and HOLOPLOT. ”
“We have worked with the Sphere team for many years to develop technology and together we have changed the live sound experience forever,” he said. roman chic, CEO and co-founder of HOLOPLOT. “As a result of this transaction, HOLOPLOT can accelerate its mission to bring its technology to more applications and markets and continue to push audio innovation to new limits.”
Sphere Immersive Sound, the world's largest fully integrated concert-grade audio system, powers an unparalleled listening experience with Sphere. Las Vegas. Sphere Immersive Sound was first introduced at Beacon Theater in 2022. new yorkis operated by Madison Square Garden Entertainment Corp. and, along with Sphere Entertainment, is part of the MSG family of companies.
BerlinHOLOPLOT, based on , enables a new generation of audio experiences with unique audio technology. HOLOPLOT's proprietary technology transforms the way audio is delivered with a focus on sound control, intelligence, and quality. By enabling precise digital control of sound propagation and localization, the resulting audio is highly targeted, consistent, and immersive, providing an excellent listening experience for your audience. .
The transaction has ended. HOLOPLOT will continue to maintain its home base Berlin In order to continue to grow our business and serve our customers and clients, Sphere Entertainment operates as a wholly owned subsidiary of Sphere Entertainment.
About Sphere Entertainment Co., Ltd.
Sphere Entertainment Co. is a leading live entertainment and media company. Our company includes Sphere, the next generation of entertainment media powered by cutting-edge technology that redefines the future of entertainment. The first Sphere venue opened at Las Vegas in September 2023. Additionally, the company includes his MSG Networks, his two regional sports and entertainment networks, MSG Networks and MSG Sportsnet, as well as MSG, a direct-to-consumer certified streaming product that delivers a wide range of live sports content and more. We operate +. programming. For more information, visit sphereentertainmentco.com.
About Holoplot
HOLOPLOT is a pro audio company. Berlinis driven by enabling next-generation audio experiences and transforming the way society interacts with sound. HOLOPLOT technology provides users with integrated immersive features for greater creative freedom, delivering pristine sound quality to everyone.
The company's technology is science-based, software-driven and hardware-enabled, giving users unparalleled tools for ultra-precise control of sound propagation and localization. Its products offer many benefits to customers across a wide range of applications, including live entertainment, immersive experience environments, and enterprise applications.
HOLOPLOT has been recognized in the prestigious industry AV awards “Audio Technology of the Year'' and PLASA “Innovation Award'' as well as ISE ('22, '23, '24) and InfoComm 2022 and TIME's Best Inventions of 2022 list it was done.
contact:
sphere: [email protected]
Source Sphere Entertainment Co., Ltd.