Madison Square Garden Entertainment Corp. and MSG Networks Inc. Announce Key Filing Dates and Plans to Host Joint Webcast on Proposed Merger
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.
- Proposed acquisition of MSG Networks could enhance content offerings.
- Joint webcast planned indicates transparency for investors.
- No immediate financial metrics disclosed, creating uncertainty.
- Possible integration challenges arising from the acquisition.
Madison Square Garden Entertainment Corp. (“MSG Entertainment”) (NYSE: MSGE) today announced it plans to issue a press release on Friday, May 7, 2021 before the market opens, reporting financial results for its fiscal third quarter ended March 31, 2021. MSG Networks Inc. (“MSG Networks”) (NYSE: MSGN) previously announced it will issue a press release on Friday, May 7, 2021 before the market opens, reporting financial results for its fiscal third quarter ended March 31, 2021.
In addition, MSG Entertainment plans to file a registration statement on Form S-4 that contains a joint proxy statement and prospectus before the market opens on Friday, May 7, 2021 and MSG Entertainment and MSG Networks plan to file a joint investor presentation on the proposed acquisition of MSG Networks by MSG Entertainment on Friday, May 7, 2021.
The companies plan to host a joint webcast on Monday, May 10, 2021 at 4:30 p.m. Eastern Time regarding the proposed acquisition of MSG Networks by MSG Entertainment, moderated by Brandon Ross, Partner and TMT Analyst at LightShed Partners. The event will be available via webcast at investor.msgentertainment.com under the heading “Events & Presentations” and at investor.msgnetworks.com under the heading “Events & Presentations.”
About Madison Square Garden Entertainment Corp.
Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment experiences. The Company presents or hosts a broad array of events in its diverse collection of venues: New York’s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; and The Chicago Theatre. MSG Entertainment is also building a new state-of-the-art venue in Las Vegas, MSG Sphere at The Venetian, and has announced plans to build a second MSG Sphere in London, pending necessary approvals. In addition, the Company features the original production – the Christmas Spectacular Starring the Radio City Rockettes – and through Boston Calling Events, produces the Boston Calling Music Festival. Also under the MSG Entertainment umbrella is Tao Group Hospitality, with entertainment dining and nightlife brands including: Tao, Marquee, Lavo, Avenue, Beauty & Essex, Cathédrale, Hakkasan and Omnia. More information is available at www.msgentertainment.com.
About MSG Networks Inc.
MSG Networks Inc., a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks and a companion streaming service that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Je
FAQ
When will MSG Entertainment report its Q3 financial results?
What is the purpose of MSG Entertainment's acquisition of MSG Networks?
When is the joint webcast regarding the MSG acquisition?
What is included in the registration statement being filed by MSGE?
