Madison Square Garden Entertainment

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This article is about the entertainment company. For other uses, see Madison Square Garden (disambiguation).
Madison Square Garden Entertainment Corp.
TypePublic
NYSE: MSGE (Class A)
Industryentertainment
real estate
Founded2020[1]
FounderJames L. Dolan
HeadquartersNew York City, New York, U.S.
Key people
James L. Dolan
(Executive Chairman & CEO)
Andrew Lustgarten
(President)
OwnerDolan family (70.9% voting, 21.6% economic)[2]
Silver Lake Partners (≈10%)[3]
Divisions
  • MSG Sphere Studios
Subsidiaries
WebsiteOfficial website

Madison Square Garden Entertainment Corp. (also known as MSG Entertainment) is an American entertainment holding company based in New York City. The company was established in 2020 when The Madison Square Garden Company (now MSG Sports) spun off its non-sports assets as an independent, publicly-traded company.[4][5]

MSG Entertainment controls live events at Madison Square Garden, both in the arena and in The Theater at Madison Square Garden. In addition to the Garden itself, MSG Entertainment operates two other theaters in Manhattan: Radio City Music Hall and the Beacon Theatre. Outside New York City, MSG Entertainment controls the operations of the Chicago Theatre (acquired in 2008), co-booking at the Wang Theatre in Boston (since 2008), and is constructing an entertainment venue in Las Vegas known as MSG Sphere at The Venetian.[6] MSG Entertainment also produces the Radio City Christmas Spectacular (starring the Rockettes), both at Radio City Music Hall and in venues around the United States.[7]

On March 26, 2021, MSG Entertainment announced that it would acquire the regional sports network group MSG Networks in an all-stock deal, reuniting it with its namesake venue;[6] MSG Networks had originally been spun out from The Madison Square Garden Company in 2015.[8] The acquisition was completed on July 2021.[9]

Its origins can trace back to 2010 when Cablevision Systems Corporation spun off the Madison Square Garden properties into a new company called The Madison Square Garden Company.

Executive management[]

  • James L. Dolan – Executive Chairman and CEO[10]
  • Andrew Lustgarten - President[10]
  • Mark FitzPatrick – Executive Vice President and Chief Financial Officer[10]
  • Scott Packman – Executive Vice President and General Counsel[11]

References[]

  1. ^ "The Madison Square Garden Company Becomes New Public Sports And Entertainment Company" (Press release). Madison Square Garden Sports Corp. April 20, 2020. Retrieved July 21, 2020.
  2. ^ "FORM 10-Q". www.sec.gov.
  3. ^ Silicon Valley fund seeks major stake in New York Knicks, Rangers - New York Post, 3 November 2019
  4. ^ Miller, Ben (April 20, 2020). "Madison Square Garden Entertainment spin-off is complete". New York Business Journal. New York Business Journal. Retrieved July 22, 2020.
  5. ^ Chin, Kimberly (November 7, 2019). "Madison Square Garden to Spin Off Entertainment Unit". The Wall Street Journal. The Wall Street Journal. Retrieved July 22, 2020.
  6. ^ a b Hayes, Dade (2021-03-26). "Madison Square Garden Entertainment Acquires MSG Networks Sibling In All-Stock Deal". Deadline. Retrieved 2021-03-26.
  7. ^ "Our Company". msgentertainment.com. Madison Square Garden Entertainment Corp. Retrieved July 22, 2020.
  8. ^ Beckerman, Josh (2015-09-11). "Madison Square Garden Details Split". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-03-26.
  9. ^ "MSG Entertainment Completes Acquisition of MSG Networks". 9 July 2021.
  10. ^ a b c "MSG Entertainment Becomes New Public Company". msgentertainment.com. Madison Square Garden Entertainment Corp. April 20, 2020. Retrieved July 22, 2020.
  11. ^ "MSG Entertainment Names Scott Packman Executive Vice President and General Counsel". msgentertainment.com. Madison Square Garden Entertainment Corp. June 29, 2020. Retrieved July 22, 2020.
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