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268:, in which MSG Entertainment shareholders would receive one share in the events company for each share they own, and hold a 33% stake. The spin-off was completed on April 20, 2023, with the live events business being spun off under the Madison Square Garden Entertainment name, and the existing MSG Entertainment being renamed Sphere Entertainment.
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Earlier this year, New York-based MSG Entertainment, which owns the Sphere, split in two, renaming the venue's holding company Sphere
Entertainment Company in order to insulate MSG Entertainment's core holdings and protect existing
227:. In 2023, Madison Square Garden Entertainment spun off its live events business as a new company under the same name, and the original MSG Entertainment was renamed Sphere Entertainment.
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In March 2023, MSG Entertainment's board approved a plan to spin off its "traditional" live entertainment business, leaving its
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stated that the spin-off would result in two companies "well positioned to generate long-term value for our shareholders."
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242:(which was renamed Madison Square Garden Sports as a result). In 2021, it would acquire sibling company
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458:"Tao Group, Creator of Nightlife and Dining for Glitterati, Sells to Mohari for $ 550 Million"
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event venue in
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433:"MSG Split Offers Plays on Vegas, Knicks Arena. What to Do With the Stocks"
246:(which had been spun off from the Madison Square Garden Company in 2015).
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Sphere briefly included MSGE's nearly 67% stake in hospitality company
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was first formed in 2020 as a spin-off of the non-sports assets of the
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482:"MSG sells Tao Group Hospitality to New York investor for $ 550M"
533:"Sphere Entertainment Ups Jennifer Koester to President and COO"
301:"Madison Square Garden Entertainment spin-off is complete"
508:"Las Vegas Sphere reports $ 98.4 million loss; CFO quits"
327:"Madison Square Garden to Spin Off Entertainment Unit"
378:"Madison Square Garden Board Approves Spinoff Plans"
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257:venue in Las Vegas. Executive chairman and CEO
223:, a spin-off of the non-sports assets of the
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599:Mass media companies based in New York City
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403:"Las Vegas and Its Big, Big Ambitions"
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401:Jones, Finn-Olaf (October 1, 2023).
325:Chin, Kimberly (November 7, 2019).
236:Madison Square Garden Entertainment
220:Madison Square Garden Entertainment
38:Madison Square Garden Entertainment
198:, and controlled by the family of
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299:Miller, Ben (April 20, 2020).
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456:Donnelly, Matt (2023-04-18).
376:Vlessing, Etan (2023-03-30).
240:Madison Square Garden Company
225:Madison Square Garden Company
190:is an American entertainment
604:Madison Square Garden Sports
138:(Executive chairman and CEO)
531:Weprin, Alex (2024-06-12).
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251:regional sports networks
188:Sphere Entertainment Co.
20:Sphere Entertainment Co.
331:The Wall Street Journal
208:regional sports network
537:The Hollywood Reporter
382:The Hollywood Reporter
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161:Subsidiaries
154:Dolan family
115:Headquarters
44:Company type
412:October 11,
266:stock split
81:real estate
573:Categories
542:2024-07-27
517:2024-07-27
492:2024-07-27
467:2024-07-27
442:2024-07-27
387:2024-07-27
362:2021-03-26
286:References
131:Key people
97:2020-04-20
273:Tao Group
194:based in
68:(Class A)
56:Traded as
437:Barron's
357:Deadline
336:July 22,
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123:New York
73:Industry
34:Formerly
462:Variety
231:History
105:Founder
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255:Sphere
210:chain
204:Sphere
169:Sphere
125:, U.S.
48:Public
150:Owner
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338:2020
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66:SPHR
62:NYSE
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
