Latest news with #Supino
CNBC
12-08-2025
- Entertainment
- CNBC
'Groundbreaking': Las Vegas Sphere sells 120,000 tickets for 'Wizard of Oz' screenings
There's no place like the Las Vegas Sphere. More than 120,000 tickets have been sold for showings of a special rendering of "The Wizard of Oz" starting later this month, according to James Dolan, CEO of parent company Sphere Entertainment. The company expects ticket sales to reach 200,000 by the time of the first screening. "We're very proud of the product and we think it's groundbreaking," Dolan said on the parent company's earnings call Monday. "We think that it's going to draw a lot of attention and that people who come to Vegas are going to want to go." Dolan said the showings can help drive the rate of Las Vegas visitors who go to the Sphere above 10% — an increase from around 7% currently. Sphere Entertainment worked with engineers on using artificial intelligence-powered "outpainting" to expand the film's original frames to fit the Las Vegas venue, which opened in Sept. 2023. The goal, according to the company, is to make viewers feel like they were in the studio when the legendary movie — released in 1939 and starring Judy Garland — was made. While Dolan told analysts he expects strong demand for tickets, which start at over $100, he acknowledged that bringing Oz to the 20,000-person venue was "not an inexpensive project." Sphere describes the viewings as "immersive," involving 167,000 audio speakers, and 4D elements including "haptic seats, environmental effects and custom scents." In the future, owners of movies may be inclined to work with Sphere Entertainment because it can boost interest in the original intellectual property, Dolan said. Despite the latest optimism around the Oz screenings, Sphere Entertainment reported second-quarter revenue that came in below expectations of analysts polled by FactSet. However, Sphere posted adjusted operating income that was more than double the amount seen in the same period a year ago. Some Wall Street analysts are particularly optimistic about the outlook as the Oz screenings begin. "We believe the Wizard of Oz remains a massive and generally underappreciated catalyst for Sphere," said Wolfe Research's Peter Supino, who added that the second-quarter "shouldn't make or break your investment thesis." Supino expects the parent company's Sphere Experience revenue to total about $110 million in the fourth quarter, the first full three-month reporting period that will include "Wizard of Oz" screenings and eclipsing the prior high of $101 million in this year's first quarter. Partly as a result, Supino said the stock can reach $65 over the coming year, or 68% above Monday's close. At one point, shares rallied more than 4.5% Tuesday, reversing a 4% decline on Monday.
Yahoo
30-05-2025
- Business
- Yahoo
Supino Pizzeria plans first location outside of Detroit in Beverly Hills
Fans of hand-stretched, thin-crust artisan pizza will be happy to learn a Detroit favorite is expanding into Oakland County. Supino Pizzeria is planning a location in a shopping plaza on Southfield Road at 13 Mile Road in Beverly Hills for its first suburban location. The location is known for its Market Fresh store, a main anchor, as well as a Premier Pet Supply, and other retailers. Laith Karmo, the project manager of the plaza, said the entire property is getting a facelift. Karmo is of the Karmo family-owned Beverly Hills Market Fresh store and Market Square stores in Birmingham and West Bloomfield. He is also the brother-in-law of Supino owner Dave Mancini, whose wife is Danielle Karmo, and Laith's sister. "Supino is an extension of the plaza," Karmo said. "At the north of the plaza, we've created a nearly 3,600 square foot space for Supino to move into." The restaurant is expected to open in the first quarter of 2026. Karmao said the plaza will "look and have the same architectural features that Market Fresh currently has today." Known for its thin-crust East Coast-style pizzas with traditional and unique toppings, plus a selection of other Italian dishes, Supino Pizzeria has two locations in Detroit. More: These 15 metro Detroit bars and restaurants offer rooftop patios with spectacular views In 2008, Dave Mancini opened the first Supino on Russell Street at the corner of East Fisher Drive, in the Eastern Market district. A year after its opening, Supino's pizza got the Free Press' nod as metro Detroit's best pizza. Mancini opened a second Supino location in 2021 on Woodward in New Center. In April 2023, a fire in the residential loft atop the restaurant caused damage to the pizzeria. Supino's shuttered for repairs and reopened nearly a year to the day later for carryout. Several months later, the dining room reopened. Supino's menu is, of course, largely pizza-focused with its red (with sauce) or white (no sauce) pizzas offered with various toppings of house-made Italian sausage to mushrooms, roasted red peppers, smoked ham, and cheeses, including smoked gouda, ricotta, and fresh mozzarella. According to its website, Supino sources local and organic for its menu items when possible. For information on its two Detroit locations, go to Contact Detroit Free Press food and restaurant writer Susan Selasky and send food and restaurant news and tips to: sselasky@ Follow @SusanMariecooks on Twitter. This article originally appeared on Detroit Free Press: Supino Pizzeria to open location outside of Detroit in Beverly Hills
Yahoo
07-04-2025
- Business
- Yahoo
Why Sony Stock Swooned on Monday
As a non-U.S. company quite dependent on the tastes and sentiments of consumers, Sony (NYSE: SONY) is particularly vulnerable in the current tariff war. That, at least, was the take from an analyst who downgraded his recommendation on the Asian electronics giant on Monday. Judging by their reaction, investors readily agreed, as they sent the company's stock to a nearly 3% loss in price Monday. That fall was steeper than the S&P 500 index's 0.2% slide on the day. Before market open, Wolfe Research's Peter Supino enacted the downgrade. In his view, Sony is now only a peer perform (read: hold), as opposed to the outperform (buy) of previously. As per his company's policy, he did not assign a price target to the stock. According to reports, Supino's latest take is based heavily on -- no surprise -- the sweeping tariffs imposed by the Trump administration. His concern is that the rising costs that are likely to arise from such measures, combined with declining consumer confidence, will sap business from consumer-dependent companies like Sony. The pundit added that while the company has stockpiled a certain amount of inventory in this country, it will still feel the impact of a weakening consumer dynamic. Sony, which in many ways is the world's ultimate gadget company, is definitely vulnerable in the current environment. Electronics are already non-essential (for the most part) discretionary items, and they tend to be affected in slumps like the one that's surely coming. I think Supino's downgrade is, unfortunately, appropriate for Sony stock at this time. Before you buy stock in Sony Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Sony Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $461,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $578,035!* Now, it's worth noting Stock Advisor's total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Sony Stock Swooned on Monday was originally published by The Motley Fool Sign in to access your portfolio
