Sphere Entertainment SPHR MSG Networks — Rights fee expense

Similar metrics at other companies

TKOMedia Rights Production And Content — Revenue

$726.17M+13.4%

AXPGMNS — Interest Expense

-$169M-18.2%

NXSTPayments For Broadcast Rights

$62M-22.5%

MSGSMedia rights — Total revenues from contracts with customers

$140.62M+13.8%

WHManagement fees — Royalties and franchise fee revenues

$3M—

HASRoyalty expense

$77.7M+36.3%

Questions, answered.

What is Sphere Entertainment's MSG networks — rights fee expense?

Sphere Entertainment (SPHR) reported MSG networks — rights fee expense of $50.65M in Q1 2026.

How has Sphere Entertainment's MSG networks — rights fee expense changed year-over-year?

Sphere Entertainment's MSG networks — rights fee expense decreased by 24.6% year-over-year, from $67.15M to $50.65M.

What is the long-term trend for Sphere Entertainment's MSG networks — rights fee expense?

Over 2 years (2023 to 2025), Sphere Entertainment's MSG networks — rights fee expense has grown at a -12.4% compound annual growth rate (CAGR), from -$266.67M to -$204.47M.

What does MSG networks — rights fee expense mean?

Represents the contractual costs paid to acquire the rights to broadcast or distribute sports and entertainment content. This is a primary operating expense for media-focused segments and reflects the competitive cost of securing premium programming.