Sphere Entertainment has acquired the remaining shares it did not previously own of Berlin-based HOLOPLOT GmbH, one of the leading 3D audio technology companies in the world.

Sphere Entertainment initially invested in HOLOPLOT in 2018, leading to the development of the groundbreaking Sphere Immersive Sound now utilized at Sphere in Las Vegas. Remember that special trip you took during Phish last month? Well, you can thank HOLOPLOT for helping enhance the journey.

"HOLOPLOT is at the forefront of audio innovation, and their custom-designed technology has already transformed what is possible for concert-grade sound," said MSG Ventures CEO David Dibble and EVP, Development and Construction, Paul Westbury in a joint statement. "This acquisition reflects our company's commitment to staying on the cutting edge of immersive experiences as we explore growth opportunities for both Sphere and HOLOPLOT."

"We have worked alongside the Sphere team for many years in developing our technology, and together we have forever changed the live sound experience," added HOLOPLOT CEO/co-founder Roman Sick. "As a result of this transaction, HOLOPLOT can accelerate its mission to bring its technologies to more applications and markets, and continue to push audio innovation to new bounds."

HOLOPLOT will remain headquartered in Berlin and will operate as a wholly owned subsidiary of Sphere Entertainment.