{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-281163","form_type":"8-K","ticker":"SPHR","cik":"0001795250","company_name":"Sphere Entertainment Co.","filed_at":"2023-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.488809+00:00","generated_at":"2026-06-07T22:46:54.208602+00:00","sec_items":["2.06"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"London Sphere venue denied; $80M impairment charge expected, plus potential $77M real estate charge","bullets":["Mayor of London formally rejected Sphere's planning application for Stratford venue on Nov 21, 2023.","Company expects non-cash impairment of ~$80M for project costs (primarily professional fees) in Q4 2023.","Evaluating disposition of ~$77M of capitalized real estate; may incur additional impairment.","No longer allocating resources to UK Sphere development; continuing discussions in other international markets."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-281163","json":"https://secwatch.observer/filing/0001193125-23-281163.json","markdown":"https://secwatch.observer/filing/0001193125-23-281163.md","text":"https://secwatch.observer/filing/0001193125-23-281163.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1795250/000119312523281163/0001193125-23-281163-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1795250/000119312523281163/d552923d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:46:54.208602+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0166c9b2f5b7948270e53ec560b0b8001cca7414","claim":"Sphere Entertainment Co. announced a impairment with charges of approximately $80 million affecting Sphere venue in Stratford, London.","evidence_excerpt":"In connection with this decision, the Company expects to record a non-cash impairment charge for project costs (primarily related to professional fees) of approximately $80 million in the quarter ending December 31, 2023.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1795250/000119312523281163/0001193125-23-281163-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $80 million"},{"label":"Affected area","value":"Sphere venue in Stratford, London"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}