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MSG Entertainment (MSGE) delivers world-class live experiences through iconic venues like Madison Square Garden and Radio City Music Hall. This news hub provides investors and enthusiasts with timely updates on corporate developments, event announcements, and operational milestones.
Key resources include: Earnings reports, venue expansions, artist partnerships, and strategic initiatives. Track official press releases alongside curated analysis of sports events, concert series, and theatrical productions shaping the live entertainment landscape.
Discover updates on premium hospitality offerings, licensing agreements, and operational enhancements across MSGE's portfolio. Bookmark this page for direct access to primary sources about ticket sales trends, venue utilization, and cultural programming developments.
The Boston Calling music festival returns to Allston, MA from May 27-29, 2022, marking its first event since the pandemic. Foo Fighters and Rage Against the Machine are set to headline, alongside over 60 additional performers. Early bird tickets are available, with prices starting at $299.99. This year, VIP experiences are enhanced, featuring a new VIP lounge and upgraded viewing areas. The festival is produced by Boston Calling Events, owned by Crash Line Productions and Madison Square Garden Entertainment.
The New York Knicks reported the sale of all tickets for their first two playoff games against the Atlanta Hawks, set at a 15,000 capacity under Covid-19 guidelines. Nearly 90% of attendees are expected to be fully vaccinated, making these events the largest indoor gatherings in New York State since the pandemic began. Tickets went on sale on May 18 for Season Ticket Members and were sold out by May 20. The playoff series begins on May 23, with safety measures in place for vaccinated and unvaccinated attendees.
Madison Square Garden Entertainment Corp. has established a multi-year marketing partnership with Molekule, designating them as the Official Air Purification Partner of Madison Square Garden Arena. As part of this collaboration, Molekule's FDA-cleared air purification devices will be installed throughout the venue. The partnership aims to enhance guest safety and comfort, while Molekule will also contribute to the Garden of Dreams Foundation by donating air purifiers to community partners in New York City.
Madison Square Garden Entertainment Corp. (MSGE) reported a fiscal third-quarter revenue of $43.1 million, down $138.8 million year-over-year, with an operating loss of $108.6 million. The pandemic significantly impacted revenues across its Entertainment and Tao Group Hospitality segments, reflecting a 76% decrease in revenues. The company anticipates capacity limits easing for events, aiming to capitalize on pent-up demand. MSGE plans to acquire MSG Networks in a tax-free all-stock merger, expected to enhance its market position and enable future growth, especially in mobile sports gaming.
Madison Square Garden Entertainment Corp. (MSGE) plans to release its fiscal Q3 results on May 7, 2021. MSG Networks (MSGN) will also announce its Q3 results on the same day. Furthermore, MSGE intends to file a registration statement for a joint proxy statement regarding its acquisition of MSG Networks, with a joint investor presentation scheduled for the same date. A webcast discussing the acquisition is set for May 10, 2021, at 4:30 PM ET, featuring industry insights from Brandon Ross of LightShed Partners.
Madison Square Garden Entertainment Corp. (MSGE) is set to announce its financial results for the fiscal third quarter ending March 31, 2021, on May 7, 2021. Concurrently, MSG Networks (MSGN) will also release its results for the same period. Both companies will file a registration statement and a joint investor presentation regarding MSG Networks' proposed acquisition by MSG Entertainment. A joint webcast will be held on May 10, 2021, to discuss the acquisition details, providing further insights into the transaction's implications for stakeholders.
Tao Group Hospitality has acquired Hakkasan Group, forming a robust hospitality enterprise with 61 venues across 22 markets worldwide. This merger enhances Tao Group's U.S. and global presence, particularly in key cities like Las Vegas and London. Co-CEOs Noah Tepperberg and Jason Strauss will lead the new entity, leveraging combined strengths to capitalize on pent-up demand in the hospitality sector post-pandemic. The partnership aims for growth through expanded brand portfolios and enhanced operational efficiencies.
MSG Entertainment has agreed to acquire MSG Networks in an all-stock transaction aimed at enhancing financial flexibility and creating a diversified entertainment powerhouse. MSG Networks' shareholders will receive 0.172 shares of MSG Entertainment per share owned, a 4% premium over pre-announcement prices. This merger, expected to close in Q3 2021, will allow MSG Entertainment to leverage MSG Networks’ revenue opportunities, especially in sports gaming. The combined entity anticipates significant tax efficiencies and aims to utilize MSG Entertainment's net operating losses to offset taxable income, fostering growth across entertainment and media sectors.
Madison Square Garden Entertainment Corp. (MSGE) reported significantly impacted financials for the fiscal second quarter ended December 31, 2020, due to COVID-19. Revenue plummeted by 94% to $23.1 million, while operating loss reached $112.5 million, compared to a profit of $69.6 million in the previous year. Despite these challenges, CEO James L. Dolan expressed optimism following New York's decision to allow limited indoor dining and venue reopenings, highlighting pent-up demand for live entertainment as a positive sign for future recovery.
Madison Square Garden Entertainment Corp. (NYSE:MSGE) will host a conference call to discuss its fiscal second quarter results, ending December 31, 2020, on February 12, 2021, at 10:00 a.m. ET. A press release summarizing the results will be issued before the market opens. Participants can join the call by dialing 888-421-7163 (conference ID: 2326248) or via webcast on the company’s investor website. For those unable to attend, a recording will be available from February 12 to February 19, 2021. MSG Entertainment is known for its diverse venues and live entertainment offerings.
