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Msg Entertainment Completes Acquisition Of Msg Networks

PUBLIC · MSGEJul 09, 2021

Acquiring Company

Madison Square Garden Entertainment

Acquired Company

Madison Square Garden Networks

New YorkNew YorkEventsSportsMusicEvent ManagementPerforming ArtsEventsSportsEvent Management

Description

Madison Square Garden Entertainment Corp. (“MSG Entertainment”) (NYSE: MSGE) announced today that it has completed its previously announced acquisition of MSG Networks Inc. This merger creates a leading entertainment and media company with greater scale and revenue diversity, and a commitment to delivering unforgettable experiences.

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Company Information

Company

Madison Square Garden Entertainment

Location

New York, New York, United States

About

Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment. The Company presents or hosts a broad array of events in its diverse collection of venues: New York’s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; and The Chicago Theatre. MSG Entertainment is also building a new state-of-the-art venue in Las Vegas, MSG Sphere at The Venetian. In addition, the Company features the original production – the Christmas Spectacular Starring the Radio City Rockettes – and through Boston Calling Events, produces the Boston Calling Music Festival. The Company’s two regional sports and entertainment networks, MSG Network and MSG+, deliver a wide range of live sports content and other programming. Also under the MSG Entertainment umbrella is Tao Group Hospitality, with entertainment dining and nightlife brands including: Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan and Omnia. More information is available at www.msgentertainment.com.

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Frequently asked

Who acquired Madison Square Garden Networks?

Madison Square Garden Networks was acquired by Madison Square Garden Entertainment, based in New York. The deal was reported on July 9, 2021. Madison Square Garden Entertainment Corp. (MSG Entertainment) is a leader in live entertainment. Madison Square Garden Entertainment is publicly traded (MSGE) and operates in Events.

When did Madison Square Garden Entertainment acquire Madison Square Garden Networks?

Madison Square Garden Entertainment's acquisition of Madison Square Garden Networks was reported on July 9, 2021. Madison Square Garden Entertainment Corp. (“MSG Entertainment”) (NYSE: MSGE) announced today that it has completed its previously announced acquisition of MSG Networks Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Madison Square Garden Networks do?

Madison Square Garden Networks was involved in media and entertainment operations. It provided various programming and content related to sports and events. The organization contributed to the broadcasting services of major events. It is privately held, operating in Events, and is based in New York.

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