Madison Square Garden Entertainment Revenues Rise 24% as Company Updates Spin-Off Plans

  • 📰 billboard
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Revenues increased to $642.2 million ahead of the company’s spin-off of its live entertainment business, which it expects to complete by the end of March.

said that revenue growth came from broad-based demand for events, hospitality, suites, sponsorship and merchandise.

It is those two types of events — artist performances and films — plus advertising, sponsorship and hospitality, that MSGE hopes will help pay for the $2.175 billion price tag of building the Sphere. The MSG Networks segment generated $158.9 million in revenue, 1% lower than a year ago, due to higher rights fees partially offset by increasing advertising revenues.

MSG paid $181 million for a 62.5% interest in the hospitality group in 2017 and now owns 67% of the company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

please hear our voice we need help for our earthquake areas. these cities(10 cities) need help plz be our voice. we were with you all the time now we need you plz do something

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in BUSİNESS

Business Business Latest News, Business Business Headlines