Madison Square Grdn Sprt (MSGS) Stock News

The New York Rangers have launched their first-ever NFT products ahead of Henrik Lundqvist Night, scheduled for January 28, 2022. Starting today at 10 a.m., fans can bid on or purchase over 5,000 limited edition items through Rangers.dropshop.io. The auction ends on January 25, while the 'buy now' option concludes on January 30. NFT tiers include 'Common' for $20, 'Rare' which includes merchandise starting at $200, and 'Legendary' featuring lower bowl tickets and autographed memorabilia starting at $1,000. This initiative aims to enhance fan engagement through digital collectibles.

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.

The New York Knicks and Squarespace have launched the fifth annual “Make It Awards,” providing grants and marketing assets to aid local businesses. Four businesses will be awarded a $30,000 grant along with a year of Squarespace subscription and marketing resources. The application window is open until February 10, 2022. Since its inception in 2018, the initiative has awarded nearly $500,000 in grants to support community entrepreneurs. The winners will be announced in March.

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.

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.

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 Sports Corp. (NYSE: MSGS) reported a significant financial downturn for the fiscal first quarter ending September 30, 2021. Total revenues fell to $18.8 million, down 67% from $57.0 million in the same quarter last year, primarily due to a decline in league distribution revenues. Operating loss increased to $34.9 million, while adjusted operating loss rose to $28.1 million. Despite these challenges, the company noted strong season ticket renewals and new marketing partnerships, including for mobile sports gaming, which may provide future growth opportunities.

Madison Square Garden Sports Corp. (NYSE: MSGS) will hold a conference call on November 10, 2021, at 10:00 a.m. ET, to discuss its fiscal first quarter results ending September 30, 2021. This call is part of their ongoing effort to keep stakeholders informed amid the COVID-19 pandemic and will be preceded by a 10-Q filing on November 9, 2021. Interested participants can join via telephone or webcast. The company primarily operates the New York Knicks and New York Rangers, along with additional sports and esports assets.