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Madison Square Garden Entertainment Corp. (MSG Entertainment) (NYSE: MSGE) is a premier leader in live entertainment, delivering memorable experiences and cultivating profound connections with a broad spectrum of enthusiastic audiences. The company's distinguished portfolio comprises iconic venues such as New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre, and The Chicago Theatre. These venues host a diverse range of events, including sports, concerts, family shows, and special events, attracting millions of guests annually.
One of MSG Entertainment's hallmark productions is the Christmas Spectacular Starring the Radio City Rockettes, a cherished holiday tradition for 90 years, captivating over one million attendees with its stunning performances and intricate choreography. MSG Entertainment continuously evolves, recently announcing a new partnership with Beyond Meat to introduce plant-based meat products at Madison Square Garden, enhancing the fan experience with sustainable and nutritious food options.
Financially, MSG Entertainment has been proactive, showcased by its recent underwritten secondary offering and strategic share repurchase, aimed at optimizing capital allocation and enhancing shareholder value. The company reported a robust fiscal 2024 second quarter, marked by a record-setting Christmas Spectacular season and a significant increase in bookings, underpinning its strong market position and growth trajectory.
Looking ahead, MSG Entertainment remains committed to expanding its live entertainment offerings, leveraging its iconic venues and innovative partnerships to deliver unparalleled experiences. The company's focus on strategic initiatives and operational excellence positions it well for sustained growth and long-term shareholder value.
Madison Square Garden Entertainment Corp. (NYSE: MSGE) is set to host a conference call on February 9, 2022, at 10:00 a.m. Eastern Time to discuss its fiscal Q2 results ended December 31, 2021. A press release with the results will be issued prior to market opening. Participants can join by dialing 833-420-0364 or via webcast on the company's investor relations website. A recording will be available after the call until February 16, 2022.
Insomniac has acquired the former OMNIA San Diego venue, set to reopen as NOVA SD in February 2022, marking its first partnership with Tao Group Hospitality. This 22,000-square-foot nightclub aims to transform Downtown San Diego's nightlife, featuring an expanded dance floor and top-tier production. The grand opening, scheduled for February 25, will showcase performances by RL Grime and deadmau5. Insomniac plans to enhance its presence in San Diego after hosting a successful music festival in November 2021, drawing over 20,000 attendees.
Boston Calling is set to return on Memorial Day Weekend, May 27-29, 2022, featuring an exciting lineup of over 50 artists including Metallica, The Strokes, and Foo Fighters. Notably emphasizing local talent, the festival will showcase New England artists as well. Tickets are on sale, with prices ranging from
Madison Square Garden Sports Corp. (MSGS) and Madison Square Garden Entertainment Corp. (MSGE) announced a multi-year renewal of their marketing partnership with Mattress Firm, expanding its role as the Official Sleep Partner of teams like the New York Knicks and New York Rangers. This partnership includes co-branded sweepstakes for game experiences and extensive brand integration at events. Mattress Firm aims to promote sleep health through initiatives, including courtside LED signage and digital content features, further solidifying their commitment to community wellness.
MSG Sports and Anheuser-Busch have renewed their multi-year marketing sponsorship, enhancing brand visibility across MSG assets, including the New York Knicks and New York Rangers. The deal features the launch of the “Michelob ULTRA Courtside” experience, allowing fans to win exclusive game tickets. Furthermore, Anheuser-Busch will be the Presenting Partner of the historic Blue Seats Section at Madison Square Garden and will collaborate with esports properties, enhancing engagement with fans through Twitch livestreams. In-game LED messaging and other marketing integrations are included.
Madison Square Garden Entertainment Corp. (NYSE: MSGE) appointed David F. Byrnes as Executive Vice President and Chief Financial Officer, effective January 24. Byrnes brings nearly 30 years of finance experience, most recently from ViacomCBS. He will oversee financial matters, including planning and analysis, controllership, and investor relations. Current CFO Mark H. FitzPatrick will assist in the transition until April 1. CEO James L. Dolan expressed confidence in Byrnes' capabilities to advance key initiatives.
Madison Square Garden Entertainment Corp. announced the cancellation of the 2021 Christmas Spectacular Starring the Radio City Rockettes due to ongoing pandemic challenges. Despite hosting over 100 shows and welcoming hundreds of thousands of fans, the company expressed regret over this decision. All affected ticket holders will receive full refunds at the point of purchase. The company looks forward to resuming the cherished holiday tradition in 2022 at Radio City Music Hall.
The Christmas Spectacular Starring the Radio City Rockettes has announced the cancellation of all four shows scheduled for December 17 due to breakthrough COVID-19 cases in the production. The company expresses regret over the cancellation and plans to assess future shows. Ticket refunds will be processed at the original point of purchase. Further announcements regarding future performances will be made soon.
MSG Entertainment (NYSE:MSGE) has appointed Deirdre Latour as the new Executive Vice President and Chief Communications Officer, starting January 3. With over 25 years of experience, she will manage all external communications for MSG Entertainment and MSG Sports (NYSE:MSGS). Latour replaces Kimberly Kerns, who is leaving after a decade of service. This transition aims to enhance the company's strategic communications as it continues its growth in the live entertainment sector, including the MSG Sphere project in Las Vegas.
MSG Entertainment is set to utilize the International Space Station to develop and test an ultra-high-resolution camera for its MSG Sphere venue. The company has received a research award from the Center for the Advancement of Science in Space to conduct three missions over the next several years. The first MSG Sphere, under construction in Las Vegas, will feature the largest LED screen on Earth and aims to create immersive experiences through advanced imaging technology.
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