{"id":2413635,"date":"2026-05-12T17:33:11","date_gmt":"2026-05-12T17:33:11","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2413635"},"modified":"2026-05-12T17:33:11","modified_gmt":"2026-05-12T17:33:11","slug":"sphere-entertainment-morgan-stanley-reports-7-0-stake-sphr-sec-filing","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/sphere-entertainment-morgan-stanley-reports-7-0-stake-sphr-sec-filing\/","title":{"rendered":"Sphere Entertainment: Morgan Stanley reports 7.0% stake | SPHR SEC Filing"},"content":{"rendered":"<p><\/p>\n<div id=\"filing-content-wrapper\">\n        <!-- Extra safety wrapper to contain any unclosed tags --><\/p>\n<div class=\"filing-content-inner\">\n<p>\n\t\t\tschemaVersion:\n\t\t\t<\/p>\n<div class=\"content\">\n<div class=\"form1\">\n<table role=\"presentation\" class=\"tableClass\" id=\"cusipNumber\">\n<tr class=\"tableClass\">\n<td width=\"7%\" style=\"font-weight:bold\">CUSIP Number(s):<\/td>\n<td width=\"75%\">\n<p>55826T102<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<table role=\"presentation\" class=\"tableClass\" id=\"reportingPersonDetails\">\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassValign\">1<\/td>\n<td width=\"92%\" class=\"tableClass\">Names of Reporting Persons<\/p>\n<p>Morgan Stanley<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">2<\/td>\n<td width=\"92%\" class=\"tableClass\">Check the appropriate box if a member of a Group (see instructions)<\/p>\n<p><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>  (a)<br \/>\n\t\t\t\t\t<br \/><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>  (b)\n\t\t\t\t<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tableClassWithBgBlack\">\n<td width=\"8%\" class=\"tableClassValign\">3<\/td>\n<td width=\"92%\" class=\"tableClass\">Sec Use Only<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">4<\/td>\n<td width=\"92%\" class=\"tableClass\">Citizenship or Place of Organization<\/p>\n<p>\n\t\t\t\tDELAWARE\n\t\t\t<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">Number of Shares Beneficially Owned by Each Reporting Person With:<\/td>\n<td width=\"92%\" class=\"tableClass\">\n<table class=\"innerTableClass\">\n<tr>\n<td width=\"8%\" class=\"innerTableClassRightValign\">5<\/td>\n<td width=\"92%\" class=\"tableClassInnerLeft\">Sole Voting Power<\/p>\n<p>0.00<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"innerTableClassRightValign\">6<\/td>\n<td width=\"92%\" class=\"tableClassInnerLeft\">Shared Voting Power<\/p>\n<p>1,956,981.00<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"innerTableClassRightValign\">7<\/td>\n<td width=\"92%\" class=\"tableClassInnerLeft\">Sole Dispositive Power<\/p>\n<p>0.00<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"innerTableClassRightValignBottomLess\">8<\/td>\n<td width=\"92%\" class=\"tableClassInnerLeftBottomLess\">Shared Dispositive Power<\/p>\n<p>2,011,246.00<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">9<\/td>\n<td width=\"92%\" class=\"tableClass\">Aggregate Amount Beneficially Owned by Each Reporting Person<\/p>\n<p>2,011,246.00<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">10<\/td>\n<td width=\"92%\" class=\"tableClass\">Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)\n\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">11<\/td>\n<td width=\"92%\" class=\"tableClass\">Percent of class represented by amount in row (9)<\/p>\n<p>7.0 % <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">12<\/td>\n<td width=\"92%\" class=\"tableClass\">Type of Reporting Person (See Instructions)<\/p>\n<p>HC, CO<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<table role=\"presentation\" class=\"tableClass\" id=\"cusipNumber\">\n<tr class=\"tableClass\">\n<td width=\"7%\" style=\"font-weight:bold\">CUSIP Number(s):<\/td>\n<td width=\"75%\">\n<p>55826T102<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<table role=\"presentation\" class=\"tableClass\" id=\"reportingPersonDetails\">\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassValign\">1<\/td>\n<td width=\"92%\" class=\"tableClass\">Names of Reporting Persons<\/p>\n<p>Morgan Stanley Capital Services LLC<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">2<\/td>\n<td width=\"92%\" class=\"tableClass\">Check the appropriate box if a member of a Group (see instructions)<\/p>\n<p><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>  (a)<br \/>\n\t\t\t\t\t<br \/><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>  (b)\n\t\t\t\t<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tableClassWithBgBlack\">\n<td width=\"8%\" class=\"tableClassValign\">3<\/td>\n<td width=\"92%\" class=\"tableClass\">Sec Use Only<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">4<\/td>\n<td width=\"92%\" class=\"tableClass\">Citizenship or Place of Organization<\/p>\n<p>\n\t\t\t\tDELAWARE\n\t\t\t<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">Number of Shares Beneficially Owned by Each Reporting Person With:<\/td>\n<td width=\"92%\" class=\"tableClass\">\n<table class=\"innerTableClass\">\n<tr>\n<td width=\"8%\" class=\"innerTableClassRightValign\">5<\/td>\n<td width=\"92%\" class=\"tableClassInnerLeft\">Sole Voting Power<\/p>\n<p>0.00<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"innerTableClassRightValign\">6<\/td>\n<td width=\"92%\" class=\"tableClassInnerLeft\">Shared Voting Power<\/p>\n<p>1,907,925.00<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"innerTableClassRightValign\">7<\/td>\n<td width=\"92%\" class=\"tableClassInnerLeft\">Sole Dispositive Power<\/p>\n<p>0.00<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"innerTableClassRightValignBottomLess\">8<\/td>\n<td width=\"92%\" class=\"tableClassInnerLeftBottomLess\">Shared Dispositive Power<\/p>\n<p>1,907,925.00<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">9<\/td>\n<td width=\"92%\" class=\"tableClass\">Aggregate Amount Beneficially Owned by Each Reporting Person<\/p>\n<p>1,907,925.00<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">10<\/td>\n<td width=\"92%\" class=\"tableClass\">Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)\n\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">11<\/td>\n<td width=\"92%\" class=\"tableClass\">Percent of class represented by amount in row (9)<\/p>\n<p>6.7 % <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValign\">12<\/td>\n<td width=\"92%\" class=\"tableClass\">Type of Reporting Person (See Instructions)<\/p>\n<p>BD, CO<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<div class=\"form1\">\n<table role=\"presentation\" id=\"item1to9\">\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 1.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"> <\/td>\n<\/tr>\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(a)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Name of issuer:<\/p>\n<p>Sphere Entertainment Co.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(b)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Address of issuer&#8217;s principal executive offices:<\/p>\n<p>TWO PENNSYLVANIA PLAZA, NEW YORK, NY, 10121<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 2.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"> <\/td>\n<\/tr>\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(a)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Name of person filing:<\/p>\n<p>1: Morgan Stanley 2: Morgan Stanley Capital Services LLC<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(b)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Address or principal business office or, if none, residence:<\/p>\n<p>1: 1585 Broadway, New York, NY 10036 ;2: 1585 Broadway, New York, NY 10036<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(c)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Citizenship:<\/p>\n<p>1: Delaware 2: Delaware<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(d)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Title of class of securities:<\/p>\n<p>Class A Common Stock<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(e)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">CUSIP No.:<\/p>\n<p>55826T102<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 3.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">If this statement is filed pursuant to \u00a7\u00a7 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(a)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" checked=\"checked\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-checked\"\/>   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(b)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(c)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(d)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(e)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>   An investment adviser in accordance with \u00a7 240.13d-1(b)(1)(ii)(E);\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(f)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>   An employee benefit plan or endowment fund in accordance with \u00a7 240.13d-1(b)(1)(ii)(F);\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(g)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" checked=\"checked\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-checked\"\/>   A parent holding company or control person in accordance with \u00a7 240.13d-1(b)(1)(ii)(G);\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(h)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(i)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(j)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>   A non-U.S. institution in accordance with \u00a7 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with \u00a7 240.13d-1(b)(1)(ii)(J),<br \/>\n\t\t\t\t\t\t<br \/>please specify the type of institution:\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(k)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"><input type=\"checkbox\" disabled=\"disabled\" class=\"sec-form-checkbox sec-form-checkbox-unchecked\"\/>   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"100%\" colspan=\"2\" class=\"tableClassNoBorder\"\/><\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 4.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Ownership<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(a)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Amount beneficially owned:<\/p>\n<p>See the response(s) to Item 9 on the attached cover page(s).<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(b)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Percent of class:<\/p>\n<p>7.0  %\n\t\t\t\t\t\t\t\t<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\">(c)<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Number of shares as to which the person has:<br \/>\n\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">(i) Sole power to vote or to direct the vote:<\/p>\n<p>See the response(s) to Item 5 on the attached cover page(s).<\/p>\n<p><\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">(ii) Shared power to vote or to direct the vote:<\/p>\n<p>See the response(s) to Item 6 on the attached cover page(s).<\/p>\n<p><\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">(iii) Sole power to dispose or to direct the disposition of:<\/p>\n<p>See the response(s) to Item 7 on the attached cover page(s).<\/p>\n<p><\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">(iv) Shared power to dispose or to direct the disposition of:<\/p>\n<p>See the response(s) to Item 8 on the attached cover page(s).<\/p>\n<p><\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 5.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Ownership of 5 Percent or Less of a Class.<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">\n<p>\n\t\t\t\t\t\t\t\tNot Applicable\n\t\t\t\t\t\t\t<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 6.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Ownership of more than 5 Percent on Behalf of Another Person.<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">\n<p>\n\t\t\t\t\t\t\tNot Applicable\n\t\t\t\t\t\t<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 7.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">\n<p>\n\t\t\t\t\t\t\tIf a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.\n\t\t\t\t\t\t<\/p>\n<p>See Exhibit 99.2<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 8.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Identification and Classification of Members of the Group.<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">\n<p>\n\t\t\t\t\t\t\t\t\tNot Applicable\n\t\t\t\t\t\t\t\t<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 9.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Notice of Dissolution of Group.<\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">\n<p>\n\t\t\t\t\t\t\t\t\tNot Applicable\n\t\t\t\t\t\t\t\t<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><\/div>\n<div class=\"form1\">\n<table role=\"presentation\" id=\"certifications\">\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">Item 10.<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">Certifications:<\/td>\n<\/tr>\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">\n<p>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.<\/p>\n<p>\t\t\t\t\t*  In Accordance with the Securities and Exchange Commission Release<br \/>\n\t\t\t\t\tNo. 34-39538 (January 12, 1998) (the &#8220;Release&#8221;), this filing reflects the<br \/>\n\t\t\t\t\tsecurities beneficially owned, or that may be deemed to be beneficially owned,<br \/>\n\t\t\t\t\tby certain operating units (collectively, the &#8220;MS Reporting Units&#8221;) of Morgan<br \/>\n\t\t\t\t\tStanley and its subsidiaries and affiliates (collectively, &#8220;MS&#8221;).  This filing<br \/>\n\t\t\t\t\tdoes not reflect securities, if any, beneficially owned by any operating units<br \/>\n\t\t\t\t\tof MS whose ownership of securities is disaggregated from that of the MS<br \/>\n\t\t\t\t\tReporting Units in accordance with the Release.\n\t\t\t\t\t<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><\/div>\n<div class=\"form1\">\n<table role=\"presentation\" id=\"signatureInfo\">\n<tr>\n<td width=\"8%\" class=\"tableClassValignNoBorder\">    SIGNATURE<\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\"> <\/td>\n<\/tr>\n<tr>\n<td width=\"8%\" class=\"tableClassNoBorderAlignCenter\"> <\/td>\n<td width=\"92%\" class=\"tableClassNoBorder\">\n<div class=\"information\" style=\"text-align:justify\">\n\t\t\t\t\t\tAfter reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.\n\t\t\t\t\t\t<\/div>\n<\/td>\n<\/tr>\n<\/table>\n<table>\n<tr class=\"tableClass\">\n<td width=\"50%\" class=\"tableClassNoBorder\"> <\/td>\n<td width=\"50%\" class=\"tableClassNoBorder\">\n<table>\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassNoBorderAlignLeft signature\">Signature:<\/td>\n<td width=\"92%\" class=\"tableClassNoBorderBlue signature\">Claire Gordon<\/td>\n<\/tr>\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassNoBorderAlignLeft signature\">Name\/Title:<\/td>\n<td width=\"92%\" class=\"tableClassNoBorderBlue signature\">Authorized Signatory, Morgan Stanley<\/td>\n<\/tr>\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassNoBorderAlignLeft signature\">Date:<\/td>\n<td width=\"92%\" class=\"tableClassNoBorderBlue signature\">05\/12\/2026<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n<table>\n<tr class=\"tableClass\">\n<td width=\"50%\" class=\"tableClassNoBorder\"> <\/td>\n<td width=\"50%\" class=\"tableClassNoBorder\">\n<table>\n<tr class=\"tableClass\">\n<td width=\"100%\" class=\"tableClassInnerNoBorderBlue\">\n<p>Morgan Stanley Capital Services LLC<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n<table>\n<tr class=\"tableClass\">\n<td width=\"50%\" class=\"tableClassNoBorder\"> <\/td>\n<td width=\"50%\" class=\"tableClassNoBorder\">\n<table>\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassNoBorderAlignLeft signature\">Signature:<\/td>\n<td width=\"92%\" class=\"tableClassNoBorderBlue signature\">Claire Gordon<\/td>\n<\/tr>\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassNoBorderAlignLeft signature\">Name\/Title:<\/td>\n<td width=\"92%\" class=\"tableClassNoBorderBlue signature\">Authorized Signatory, Morgan Stanley Capital Services LLC<\/td>\n<\/tr>\n<tr class=\"tableClass\">\n<td width=\"8%\" class=\"tableClassNoBorderAlignLeft signature\">Date:<\/td>\n<td width=\"92%\" class=\"tableClassNoBorderBlue signature\">05\/12\/2026<\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/table>\n<table>\n<tr class=\"tableClass\" colspan=\"2\">\n<td width=\"100%\" class=\"tableClassNoBorder\"\/><\/tr>\n<tr class=\"tableClass\" colspan=\"2\">\n<td width=\"100%\" class=\"tableClassNoBorder\">\n<div class=\"largetext\">\n<p>\t\t\t\t\tEXHIBIT NO.                         EXHIBITS<br \/>\n\t\t\t\t\t&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;         &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<\/p>\n<p>\t\t\t\t\t99.1                       Joint Filing Agreement<\/p>\n<p>\t\t\t\t\t99.2                       Item 7 Information<\/p>\n<p>\t\t\t\t\t*  Attention. Intentional misstatements or omissions of fact constitute federal<br \/>\n\t\t\t\t\tcriminal violations (see 18 U.S.C. 1001).\n\t\t\t\t<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<\/div><\/div>\n<p>        <!-- Source Filing Link --><\/p><\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.stocktitan.net \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>schemaVersion: CUSIP Number(s): 55826T102 1 Names of Reporting Persons Morgan Stanley 2 Check the appropriate box if a member of a Group (see instructions) (a) (b) 3 Sec Use Only 4 Citizenship or Place of Organization DELAWARE Number of Shares Beneficially Owned by Each Reporting Person With: 5 Sole Voting Power 0.00 6 Shared Voting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2413636,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[472348,400891,470701,233657,390399],"class_list":["post-2413635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-7-0-stake","tag-morgan-stanley","tag-schedule-13g-a","tag-sphere-entertainment","tag-sphr"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/05\/Sphere-Entertainment-Morgan-Stanley-reports-70-stake-SPHR-SEC.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2413635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2413635"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2413635\/revisions"}],"predecessor-version":[{"id":2413637,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2413635\/revisions\/2413637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2413636"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2413635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2413635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2413635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}