tl;dr
MSG Networks, owned by Sphere Entertainment (NYSE:SPHR), has announced a joint venture with the YES Network, home of the New York Yankees, to form Gotham Advanced Media and Entertainment (GAME). The goal is to leverage technical and operational synergies from YES's and MSG Networks' streaming servic...
MSG Networks, owned by Sphere Entertainment (NYSE:SPHR), has announced a joint venture with the YES Network, home of the New York Yankees, to form Gotham Advanced Media and Entertainment (GAME). The goal is to leverage technical and operational synergies from YES's and MSG Networks' streaming services. YES, partially owned by Amazon (AMZN), streams the Yankees, Brooklyn Nets, and New York Liberty, while MSG streams various New York sports teams. Although there is no mention of a single app to stream all New York sports teams, the statement and comments from MSG Networks President and CEO Andrea Greenberg indicate potential enhancements and collaborations to create a state-of-the-art streaming service. Sphere's shares fell 0.6% in late afternoon trading on Thursday.
More about Sphere Entertainment Co.
Sphere Entertainment Co.,Madison Square Garden Entertainment Corp. is a TRADE & SERVICES company in the SERVICES-AMUSEMENT & RECREATION SERVICES sector. With a market cap of 1191903000, the stock is currently trading at 6.97 with a P/E ratio of 4.93. The stock has shown a 52-week high of 16.56 and a low of 0.876. The average volume of shares traded is 573831000, with a current price of 31.33. The market sentiment for Sphere Entertainment Co. is currently neutral with no significant bullish or bearish trends observed. However, there is potential volatility given the wide range between the 52-week high and low, and investors should be cautious and monitor for potential breakouts or reversals in the stock performance.
More about Amazon.com Inc
Amazon.com, Inc. is a major player in the U.S. information technology industry, and is known for its influence in the global economy and culture. The company's stock performance has been strong, with a market value of $1.53 trillion and a stock price of $3,428.90. The stock has shown a bullish trend, with a relative strength index (RSI) of 77.33 indicating strong buying momentum. The company's focus on e-commerce, cloud computing, and digital streaming has positioned it as a valuable brand. However, there are potential risks associated with the stock, as past performance is not always indicative of future results. It is important to consider factors such as market sentiment and support and resistance levels when making investment decisions.
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