In addition to Madison Square Garden, The Hulu Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre, MSG\u2019s live entertainment business would retain some assets that could be compelling to investors.<\/p>\n
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Those include coveted licensing accords with the New York Knicks and New York Rangers, both of which play their home games exclusively at Madison Square Garden. The Knicks and Rangers are two of the most valuable franchises in the NBA and NHL, respectively, and are controlled by Madison Square Garden Sports Corp. (NYSE:MSGS).<\/p>\n<\/div>\n
Assuming the spin-off materializes, the new division will also include MSG Networks, \u201cwhich owns two regional sports and entertainment networks, MSG Network and MSG+, as well as a companion streaming app, MSG GO, and features exclusive live local games of 5 NBA and NHL sports franchises,\u201d according to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"
Madison Square Garden Entertainment Corp. (NYSE:MSGE) said today its board of directors granted the company permission to evaluate a spin-off of its live entertainment business. The news has Las Vegas implications. The company owns the eponymous arena in New York City, The Hulu Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre […]<\/p>\n","protected":false},"author":46,"featured_media":227377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3313,81886],"tags":[81990,23,24],"acf":[],"yoast_head":"\n
Madison Square Garden Eyes Sphere, TAO Group Spinoff<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n