Madison Square Garden Entertainment

Madison Square Garden Entertainment Corp. operates as a holding company. It operates through the following segments: Entertainment, MSG Networks, and Tao Group Hospitality. The Entertainment segment includes a portfolio of venues: Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre. The MS Networks segment consists of the company's regional sports and entertainment networks. The Tao Group Hospitality segment operates entertainment dining and nightlife venues in New York City, Las Vegas, Los Angeles, Chicago, Singapore and Sydney, Australia. The company was founded in 2010 and is headquartered in New York, NY.

Earnings data Q1 2023

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Madison Square Garden Entertainment Corp. provides live entertainment services. Its portfolio of venues includes The Garden, The Theater at Madison Square, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre. The company’s entertainment and sports bookings business showcases a broad array of compelling concerts, family shows and special events, as well as a diverse mix of sporting events. Madison Square Garden Entertainment was founded in 1879 and is headquartered in New York, NY.

NEW YORK , Sept. 19, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (the "Company" or "MSG Entertainment") today announced the pricing of the previously announced underwritten secondary offering by Sphere Entertainment Group, LLC (the "Selling Stockholder") of 7,150,000 shares of MSG Entertainment's Class A common stock at a public offering price of $32.50 per share.

Madison Square Garden Entertainment Corp. Announces Pricing of Secondary Offering and Share Repurchase

The latest and final stock sale of Madison Square Garden Entertainment by its former parent, Sphere Entertainment, looks bullish for the owner of the Madison Square Garden arena in Manhattan.

MSG Entertainment Stock Looks Set to Rise

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Madison Square Garden Entertainment Corp.'s stock MSGE, -0.58% fell 5.3% premarket Monday, after the company said selling shareholder Sphere Entertainment Group LLC has launched a secondary offering of 7.2 million shares. Sphere intends to grand underwriters BofA Securities, Goldman Sachs and JPMorgan a 30-day option to purchase up to an additional 1.07 million shares.

Madison Square Garden Entertainment says shareholder Sphere has commenced a secondary offering of 7.2 million shares

NEW YORK , Sept. 18, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (the "Company" or "MSG Entertainment") today announced that Sphere Entertainment Group, LLC (the "Selling Stockholder") has commenced an underwritten secondary offering of 7,150,000 shares of MSG Entertainment's Class A common stock.

Madison Square Garden Entertainment Corp. Announces Secondary Offering and Share Repurchase

Sphere Entertainment Co

New Entity 'Crown Properties Collection' to Manage Global Partnerships Portfolio for Premier Assets Including Sphere, MSG Entertainment's Venues and Live Entertainment Properties, and MSG Sports' Professional Sports Teams Jay Voelker to Lead New Entity as President LOS ANGELES and NEW YORK , Sept. 7, 2023 /PRNewswire/ -- In a groundbreaking move that will establish the first global partnership company of its kind, Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") and Sphere Entertainment Co. (NYSE: SPHR), (together "the MSG family of companies"), and Oak View Group ("OVG"), today announced the founding of Crown Properties Collection ("CPC").

OAK VIEW GROUP TOGETHER WITH MSG ENTERTAINMENT AND SPHERE ENTERTAINMENT ANNOUNCE FORMATION OF 'CROWN PROPERTIES COLLECTION' TO MANAGE ELITE VENUE PARTNERSHIPS AND SPONSORSHIPS WORLDWIDE

Madison Square Garden Entertainment is a live entertainment pure play with upside, according to analysts at Bank of America. The firm initiated coverage of MSGE, which owns Madison Square Garden along with other venues including the Chicago Theater, with a Buy rating and a 12-month $41 price target.

Madison Square Garden is an entertainment play ready to blossom, BoA analysts say

Madison Square Garden Entertainment Corp. (NYSE:MSGE ) Q4 2023 Earnings Conference Call August 18, 2023 10:00 AM ET Company Participants Ari Danes - SVP, IR, Financial Communications and Treasury Dave Byrnes - EVP and Chief Financial Officer Conference Call Participants David Karnovsky - JPMorgan Brandon Ross - LightShed Partners Stephen Laszczyk - Goldman Sachs Ben Swinburne - Morgan Stanley Devin Brisco - Wolfe Research David Joyce - Seaport Research Partners Operator Good morning. Thank you for standing by, and welcome to the Madison Square Garden Entertainment Corp. Fiscal 2023 Fourth Quarter and Year End Earnings Conference Call.

Madison Square Garden Entertainment Corp. (MSGE) Q4 2023 Earnings Call Transcript

Delivered First Full Year of Live Events at the Company's Venues Since Fiscal 2019 Hosted More than 5.5 Million Guests at Nearly 900 Live Events in Fiscal 2023 $90 Million in MSGE Class A Shares Repurchased Since Becoming a Standalone Company in April 2023 Company Issues Fiscal 2024 Revenue, Operating Income and Adjusted Operating Income Guidance NEW YORK , Aug. 18, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2023. Fiscal 2023 marked the first full year of live events at the Company's portfolio of venues since the onset of the COVID-19 pandemic.

MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2023 FOURTH QUARTER AND FULL YEAR RESULTS

Madison Square Garden Inc said that the playoff participation of the New York Knicks and New York Rangers significantly contributed to its fiscal 2023 top-line growth. The Knicks' advancement to the Eastern Conference semifinals and the combined eight home playoff games at Madison Square Garden Arena drove robust demand across all revenue categories, surpassing the previous year's record results.

Madison Square Garden provided post-season boost by Knicks

NEW YORK , Aug. 11, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) will host a conference call to discuss results for its fiscal fourth quarter and full-year ended June 30, 2023 on Friday, August 18, 2023, at 10:00 a.m. Eastern Time.

Madison Square Garden Entertainment Corp. to Host Fiscal 2023 Fourth Quarter and Year-End Conference Call

Madison Square Garden Entertainment was recently spun-off from Sphere Entertainment. The company holds some of the most iconic venues in NYC and Chicago and holds a solid financial position. However, we find the equity to be fairly valued and think there are better opportunities in the market right now.

Madison Square Garden Entertainment: A Fairly Valued Pure Entertainment Play

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The top institutional shareholder is selling over 5 million of its Class A shares. Some will be repurchased by the entertainment purveyor.

Why Madison Square Garden Entertainment Stock Was Diving This Week

NEW YORK , June 22, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (the "Company" or "MSG Entertainment") today announced the pricing of the previously announced underwritten secondary offering by Sphere Entertainment Group, LLC (the "Selling Stockholder") of 5,250,000 shares of MSG Entertainment's Class A common stock at a public offering price of $31.00 per share. The shares are expected to be delivered on or about June 27, 2023, subject to the satisfaction of customary closing conditions.

Madison Square Garden Entertainment Corp. Announces Pricing of Secondary Offering and Concurrent Share Repurchase

Live entertainment provider Sphere Entertainment Co. SPHR, -5.16% will sell 5.25 million shares of Madison Square Garden Entertainment Corp. MSGE, +1.59%, Madison Square Garden said on Tuesday. Sphere, which MSG spun off last month, also plans to grant the underwriters a 30-day option to buy up to an extra 787,500 shares of MSG Entertainment.

Madison Square Garden says Sphere Entertainment is selling 5.25 million shares

NEW YORK , June 20, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (the "Company" or "MSG Entertainment") today announced that Sphere Entertainment Group, LLC (the "Selling Stockholder") has commenced an underwritten secondary offering of 5,250,000 shares of MSG Entertainment's Class A common stock. In connection with the offering, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 787,500 shares of MSG Entertainment's Class A common stock at the public offering price, less underwriting discounts and commissions.

Madison Square Garden Entertainment Corp. Announces Secondary Offering and Concurrent Share Repurchase

It was an eventful week for the freshly-minted entertainment stock. It posted an earnings report and was initiated with a buy recommendation by an analyst.

Why Madison Square Garden Entertainment Was a Rock Star Stock This Week

Demand is still robust for concerts and live shows. The company refined its previous guidance for revenue and and reaffirmed its outlook on adjusted operating income.

Why Madison Square Garden Entertainment Stock Jumped on Thursday

Madison Square Garden Entertainment Corp. (NYSE:MSGE ) Q3 2023 Earnings Conference Call May 18, 2023 10:00 AM ET Company Participants Ari Danes - Senior Vice President Investor Relations, Financial Communications and Treasury Dave Byrnes - Executive Vice President and Chief Financial Officer Conference Call Participants Brandon Ross - LightShed Partners Ben Swinburne - Morgan Stanley David Joyce - Seaport Devin Brisco - Wolfe Research Operator Good morning. Thank you for standing by and welcome to the Madison Square Garden Entertainment Corp. Fiscal 2023 Third Quarter Earnings Conference Call.

Madison Square Garden Entertainment Corp. (MSGE) Q3 2023 Earnings Call Transcript

Spin-off Completed in April Creating Pure-Play Live Entertainment Company NEW YORK , May 18, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") today reported financial results for the fiscal third quarter ended March 31, 2023. This marks the first quarter that MSG Entertainment is reporting financial results as a standalone company, following its spin-off from Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment"), which was completed on April 20, 2023.

MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2023 THIRD QUARTER RESULTS

NEW YORK , May 11, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment") will host a conference call to discuss results for its fiscal third quarter ended March 31, 2023 on Thursday, May 18, 2023 at 10:00 a.m. Eastern Time.

Madison Square Garden Entertainment Corp. to Host Fiscal 2023 Third Quarter Conference Call

NEW YORK , April 21, 2023 /PRNewswire/ -- Madison Square Garden Entertainment Corp. (NYSE: MSGE) (the "Company" or "MSG Entertainment") (formerly MSGE Spinco, Inc.) today announced that it has completed its spin-off from Sphere Entertainment Co. (NYSE: SPHR) ("Sphere Entertainment") (formerly Madison Square Garden Entertainment Corp.) and will begin trading today on the NYSE under the ticker symbol "MSGE." The spin-off distribution was completed at 11:59 p.m.

Madison Square Garden Entertainment Corp. Completes Spin-Off from Sphere Entertainment Co.

NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment” or “Company”) today announced that it has agreed to sell its 66.9% majority interest in Tao Group Hospitality to Mohari Hospitality, a global investment company focused on the luxury lifestyle and hospitality sectors, in a transaction that values Tao Group Hospitality at $550 million. The transaction is expected to close in May.

Madison Square Garden Entertainment Corp. Agrees to Sell Majority Interest in Tao Group Hospitality

BURBANK, Calif.--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment”) today announced “Sphere Experiences,” one of the core content categories to be featured at Sphere, the Company's next-generation entertainment medium opening this fall in Las Vegas. Sphere Experiences will launch this fall with a first-of-its-kind immersive production – Postcard from Earth.

News for Madison Square Garden Entertainment Stock (MSGE)