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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.
The Christmas Spectacular Starring the Radio City Rockettes has announced the cancellation of all four shows scheduled for December 17 due to breakthrough COVID-19 cases in the production. The company expresses regret over the cancellation and plans to assess future shows. Ticket refunds will be processed at the original point of purchase. Further announcements regarding future performances will be made soon.
MSG Entertainment (NYSE:MSGE) has appointed Deirdre Latour as the new Executive Vice President and Chief Communications Officer, starting January 3. With over 25 years of experience, she will manage all external communications for MSG Entertainment and MSG Sports (NYSE:MSGS). Latour replaces Kimberly Kerns, who is leaving after a decade of service. This transition aims to enhance the company's strategic communications as it continues its growth in the live entertainment sector, including the MSG Sphere project in Las Vegas.
MSG Entertainment is set to utilize the International Space Station to develop and test an ultra-high-resolution camera for its MSG Sphere venue. The company has received a research award from the Center for the Advancement of Science in Space to conduct three missions over the next several years. The first MSG Sphere, under construction in Las Vegas, will feature the largest LED screen on Earth and aims to create immersive experiences through advanced imaging technology.
Madison Square Garden Sports Corp. (MSGS) and Madison Square Garden Entertainment Corp. (MSGE) have formed a multi-year marketing partnership with Caesars Sportsbook (CZR), making it the Official Sports Betting Partner of the New York Knicks and Rangers. This agreement allows Caesars to leverage MSG's branding, offering hospitality experiences and digital exposure across their platforms. A new content series featuring JB Smoove will launch on MSG Networks, integrating betting content. The partnership aims to enhance customer engagement and visibility for Caesars in New York's competitive sports market.
Infosys has been named the Official Digital Innovation Partner for Madison Square Garden Sports and Entertainment. This multi-year partnership will create a digital command center at Madison Square Garden, enhancing real-time operational updates for staff and improving the fan experience. Additionally, Infosys will deliver in-depth game stats for the New York Knicks and Rangers, and brand integration throughout The Garden. This collaboration aims to utilize data and analytics to elevate the fan experience, making it more efficient and engaging.
Madison Square Garden Entertainment Corp. (NYSE:MSGE) has appointed Jamal Haughton as Executive Vice President and General Counsel, effective December 6. With over 20 years of legal experience, Haughton will oversee all legal functions, supporting the company's growth and MSG Sphere initiative. Previously, he served as Senior Vice President and General Counsel at Samsung Electronics America. Haughton has a robust background in corporate law and was recognized as a top general counsel influencer in 2019. MSG Entertainment continues to innovate with new venues while maintaining its leadership in live entertainment.
Madison Square Garden Entertainment Corp. (MSGE) reported a strong fiscal Q1 2022 with revenues soaring to $294.5 million, a $124.0 million increase year-over-year. The profitability of Tao Group Hospitality continued, benefiting from strong consumer demand, especially in Las Vegas. Despite an operating loss of $83.3 million, adjusted operating income rose to $10.3 million. The acquisition of MSG Networks is expected to enhance overall performance. However, the MSG Networks segment saw a revenue decline of $15.9 million due to subscriber losses. Overall, the company expresses optimism for continued growth in 2022.
Madison Square Garden Entertainment Corp. (NYSE: MSGE) announces the return of Billy Joel to Madison Square Garden for his 120th lifetime performance on NOVEMBER 5, 2021. This event marks the resumption of his record-setting monthly residency, paused due to the pandemic. Joel is celebrated as one of the biggest concert draws, having sold over 150 million records and holding numerous accolades. His monthly performances are crucial for both MSGE and New York City's recovery. This concert underscores MSGE's leadership in live entertainment.
Madison Square Garden Entertainment Corp. (MSGE) is set to host a conference call on November 9, 2021, at 10:00 a.m. ET to discuss its fiscal first-quarter results ending September 30, 2021. The corresponding press release will be distributed prior to market opening. Participants can join the call by dialing 833-420-0364 with conference ID 6594401. A replay will be available post-call from 1:00 p.m. ET on the same day until November 16, 2021. More details can be found at investor.msgentertainment.com.
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.