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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.
Madison Square Garden Sports Corp. (MSGS) and Madison Square Garden Entertainment Corp. (MSGE) have renewed their marketing partnership with JPMorgan Chase (JPM), continuing their role as Marquee Partner. The renewal includes the debut of a new Chase Lounge at Madison Square Garden, exclusively for Chase cardholders, starting with the Knicks home opener. Guests can enjoy complimentary food and beverages. This partnership extends across various MSG venues and includes initiatives like the Chase Sound Check series and community support programs.
Madison Square Garden Sports Corp. (NYSE: MSGS) and Madison Square Garden Entertainment Corp. (NYSE: MSGE) have renewed their marketing partnership with Lexus. This multi-year agreement solidifies Lexus's status as the Official Luxury Auto Partner for prestigious venues including Madison Square Garden and Radio City Music Hall. Lexus will continue to gain significant brand exposure through vehicle displays, signage at games, and integrations during broadcasts. This renewal underscores a strong relationship developed since Lexus first partnered in 2012, focusing on innovative experiences for guests.
MSG Networks has secured a multi-year renewal of its distribution agreement with Verizon Fios. This agreement guarantees that Fios customers will continue to access MSG Networks and live games from prominent teams including the New York Knicks, New York Rangers, and New Jersey Devils. The deal highlights the value of live sports programming, which MSG Networks has been providing for over 50 years, offering around 400 live professional games annually. This partnership strengthens MSG Networks' position in the regional sports landscape.
MSG Networks has been dropped by Comcast from its Xfinity channel lineup in New Jersey and Connecticut, impacting fans of the New York Knicks, New Jersey Devils, New York Rangers, and New York Islanders. This decision comes just as the NBA and NHL seasons commence, depriving viewers of hundreds of live games. MSG Networks criticized Comcast for rejecting reasonable proposals while maintaining the same subscription rates, including a recent 22% increase in regional sports fees. Fans are urged to demand access to their teams via KeepMSG.com.
Madison Square Garden Entertainment Corp. (MSGE) reported financial results for Q4 and fiscal year ended June 30, 2021. Revenues were $99.8 million for Q4, a significant increase from $9.0 million the previous year, but annual revenues fell to $180.4 million from $762.9 million. The company faced an operating loss of $450.2 million for FY 2021. The return of live events and easing restrictions helped drive Q4 revenue increases. MSGE's unrestricted cash balance stood at $1.17 billion, with total combined cash of $1.52 billion. The acquisition of MSG Networks was completed on July 9, 2021.
Madison Square Garden Entertainment Corp. (NYSE:MSGE) will hold a conference call on August 23, 2021, at 10:00 a.m. ET to discuss its fourth-quarter and fiscal year results ending June 30, 2021. A press release detailing these results will be issued prior to market opening. Participants can join via telephone by calling 888-421-7163 and using conference ID 2256668, or through a live webcast available on the company’s investor website.
Madison Square Garden Entertainment Corp. announces that Cirque du Soleil's family holiday theatrical, ‘Twas the Night Before…, is returning to The Chicago Theatre and Hulu Theater at Madison Square Garden. The Chicago run will feature 17 performances from November 26 to December 5, 2021, while the Hulu Theater will host 28 performances from December 9 to December 27, 2021. Tickets, starting at $30 and $40 respectively, will go on sale on August 4, 2021. The production is noted for its acclaim and popularity, having sold out previous engagements, marking a significant holiday offering for families.
Madison Square Garden Entertainment Corp. announced the return of the Christmas Spectacular Starring the Radio City Rockettes, set to perform from November 5, 2021, to January 2, 2022, at Radio City Music Hall. After its cancellation in 2020 due to the pandemic, this beloved holiday tradition returns to delight audiences, having been seen by over 69 million people since 1933. Tickets start at $49, and Chase cardholders will have access to preferred seating. The show emphasizes safety protocols for guests, performers, and staff.
Madison Square Garden Entertainment Corp. (MSGE) has successfully acquired MSG Networks Inc., enhancing its position as a leading entertainment and media entity. This merger promotes revenue diversity and provides a robust platform for growth, particularly in mobile sports gaming and the new MSG Sphere venue in Las Vegas. The transaction is structured as tax-free for U.S. federal income tax purposes, with MSG Networks shareholders receiving 0.172 shares of MSG Entertainment stock per MSG Networks share owned. The combined organization aims for cost synergies and improved financial flexibility.
Madison Square Garden Entertainment Corp. (NYSE: MSGE) has appointed Paul Westbury as Executive Vice President of Development and Construction, promoting him from Senior Vice President. With over 25 years in the global construction industry, Westbury has significantly influenced the MSG Sphere initiative, which aims to create immersive entertainment venues. The first venue, MSG Sphere at The Venetian in Las Vegas, is under construction and expected to open in 2023, with plans for a second venue in London. Westbury will lead a global construction team to ensure project success.
