Sphere Entertainment finalizes franchise agreements for second Sphere venue in Abu Dhabi

Sphere Entertainment Co.

Finalized Franchise, Joint Development, and Pre-Opening Services Agreements with DCT Abu Dhabi for Sphere Abu Dhabi.
DCT granted exclusive rights to build/operate Sphere Abu Dhabi and additional venues in Middle East and North Africa for at least 10 years post-opening.
Sphere Entertainment receives franchise initiation fee, royalties based on % of venue revenues (minimum annual payments), and pre-construction service fees.
Franchise term is 25 years from opening, with two 10-year renewal options at DCT's discretion.
Sphere Entertainment to provide technology, patents, trademarks, and The Sphere Experience content under quality control guidelines.

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