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Madison Square Garden Entertainment Corp. operates a live entertainment business built around major venues including New York's Madison Square Garden, Infosys Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre and The Chicago Theatre. Company news commonly covers fiscal results, event calendars, venue bookings, concerts, sporting events, family shows and special events across that portfolio.
Recurring updates also include the Christmas Spectacular Starring the Radio City Rockettes, venue partnerships and entitlement arrangements, concession and fan-experience agreements, community or benefit events, and leadership or legal-governance appointments tied to MSG Entertainment.
Katie Taylor and Amanda Serrano are set to make history as the first female fighters to headline a boxing event at Madison Square Garden on April 30. This epic match for Taylor’s undisputed Lightweight title highlights a significant milestone in women’s sports. With Taylor holding a perfect record of 20-0 and Serrano a renowned seven-weight champion, this fight will be a landmark event not only in boxing but for female athletes globally. Tickets are available via Ticketmaster.
Madison Square Garden Entertainment Corp. (MSGE) has appointed Lucas Watson as President of MSG Sphere, effective March 28. Watson, with over 25 years of experience, will oversee the strategy and execution of the company's new venues, which aim to deliver immersive experiences through technology and storytelling. The first venue, MSG Sphere at The Venetian in Las Vegas, is set to open in the second half of 2023. Watson previously held senior leadership roles at Cruise, Intuit, and Google, and holds an MBA from Boston College.
Madison Square Garden Entertainment Corp. (MSGE) reported robust fiscal second-quarter results for 2022, with revenues reaching $516.4 million, up $347.7 million year-over-year. The operating income improved to $35.4 million, compared to a loss of $46.8 million in the prior year. Notably, the Entertainment segment generated $247.6 million in revenues, driven by increased live events, while Tao Group Hospitality saw revenues of $117.1 million. However, the emergence of the Omicron variant affected operations, leading to the early conclusion of the Christmas Spectacular and event cancellations.
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 $369.99 for general admission to $1,999.99 for platinum experiences. Attendees can expect enhanced VIP offerings, including exclusive lounges and premium viewing areas.
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.