SPHERE ENTERTAINMENT EXPANDS JENNIFER KOESTER’S ROLE TO PRESIDENT AND CHIEF OPERATING OFFICER, SPHERE

Sphere Las Vegas

LAS VEGAS (June 12, 2024) – Sphere Entertainment Co. (NYSE: SPHR)
today, announced that Jennifer Koester’s role at the Company has been
expanded to President and Chief Operating Officer of Sphere. Ms. Koester
most recently served as the Company’s President, Sphere Business
Operations, where she has played a critical role in leading the strategy
and execution of all business aspects of Sphere, a next-generation
entertainment medium in Las Vegas.

In this expanded role, Ms. Koester will continue working together with
executive leadership and across the broader Sphere team to grow the
business and optimize its operations. Ms. Koester will now also provide
strategic oversight for Sphere Studios – the immersive content studio
in Burbank dedicated to developing multi-sensory experiences exclusively
for Sphere – including further developing the Studios’ capabilities
as a full-service production studio. She will continue to focus on
maximizing venue utilization across a range of categories, such as
original programming, attractions, concerts, residencies, and corporate
and marquee events; driving strategic partnerships; delivering the best
customer experience, and growing Sphere as a premium global brand.

“Since joining our team earlier this year, Jennifer’s contributions
have had a significant impact,” said James Dolan, Executive Chairman
and Chief Executive Officer, Sphere Entertainment. “We believe we are
just scratching the surface of what is possible with Sphere and her
expertise will be essential as we continue to advance on our long-term
vision for this next-generation entertainment medium.”

“I welcome the opportunity to take on this expanded role,” said Ms.
Koester. “Across the Sphere organization, we are focused on both
bringing unique experiences to life in Las Vegas and developing new
experiences that will keep Sphere at the forefront of immersive
entertainment. I look forward to continuing to work with our world-class
team to grow our business and deliver on Sphere’s vision for the
future of entertainment.”

A seasoned executive with 30 years of diverse experience in technology,
media, and entertainment, Ms. Koester’s experience spans across
functional areas, including business development, marketing, technology,
legal, and product management. Throughout her career, she has leveraged
her diverse expertise with a unique ability to integrate legal,
technical, business, and operational matters. She joined Sphere
Entertainment in February 2024 from Google, where she served as Managing
Director, Americas Strategic Alliances, Global Partnerships. In this
role, Ms. Koester was responsible for leading the overall relationship
with Google’s most strategic partners to drive greater incremental
value across Google’s products and services. She also previously
served as Director, Telecommunications and Video Distributors, Global
Partnerships at Google, where she was a key contributor to product
strategy and roadmaps that delivered new revenue opportunities,
including the development and monetization of advertising product lines. Her
experience prior to Google includes serving as Senior Vice President of
Advanced Advertising Product Development, Data Analytics and Ad
Operations at Cablevision, as well as various legal positions.  

Ms. Koester received a J.D. from St. John’s University School of Law
and a B.S. in Management Information Systems from Binghamton University.
 

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About Sphere Entertainment Co.
Sphere Entertainment Co. (NYSE: SPHR) is a premier live entertainment
and media company. The Company includes Sphere, a next-generation
entertainment medium powered by cutting-edge technologies to redefine
the future of entertainment. The first Sphere venue opened in Las Vegas
in September 2023. In addition, the Company includes MSG Networks, which
operates two regional sports and entertainment networks, MSG Network and
MSG Sportsnet, as well as a direct-to-consumer and authenticated
streaming product, MSG+, delivers a wide range of live sports content
and other programming. More information is available at
sphereentertainmentco.com [1].

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