{"id":522384,"date":"2022-12-07T02:21:33","date_gmt":"2022-12-06T23:21:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/madison-square-garden-entertainment-revises-spinoff-plan\/"},"modified":"2022-12-07T02:21:33","modified_gmt":"2022-12-06T23:21:33","slug":"madison-square-garden-entertainment-revises-spinoff-plan","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/madison-square-garden-entertainment-revises-spinoff-plan\/","title":{"rendered":"#Madison Square Garden Entertainment Revises Spinoff Plan"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28d0a5d0b43\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28d0a5d0b43\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/madison-square-garden-entertainment-revises-spinoff-plan\/#Madison_Square_Garden_Entertainment_Revises_Spinoff_Plan\" >Madison Square Garden Entertainment Revises Spinoff Plan<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Madison_Square_Garden_Entertainment_Revises_Spinoff_Plan\"><\/span>Madison Square Garden Entertainment Revises Spinoff Plan<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    James Dolan has had a busy week, and it\u2019s only Tuesday.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    A day after taking over day-to-day control of AMC Networks, as the cable company seeks a permanent CEO, Dolan on Tuesday revealed a revised spinoff plan for his Madison Square Garden Entertainment business.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    MSG Entertainment announced in August plans to spin off its namesake arena, Radio City Music Hall, the Radio City Rockettes and Christmas Spectacular, and the MSG regional sports networks, with Dolan\u2019s MSG Sphere project and Tao Group Hospitality forming their own project.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Under the new plan, the RSNs will be part of a new company housing the MSG Sphere and Tao (to be called MSG Sphere Corp.), with the arena, entertainment venues and Rockettes business forming the basis of a new live entertainment company.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The MSG Sphere, set to open next year in Las Vegas, is Dolan\u2019s big bet on the next generation of live entertainment, but it is expensive, and the cashflow from the RSNs could help support that new business line.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Meanwhile, the arenas and entertainment venues will be able to take advantage of the continued demand for live events, as well as long-term deals with the New York Knicks and New York Rangers, which Dolan also controls through his MSG Sports Corp.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cWe believe the revised spin-off structure best positions these two companies for long-term success. One would be a pure-play live entertainment company driven by the strong financial profile of our iconic venues and the\u00a0<em>Christmas Spectacular<\/em>\u00a0production. The second company, comprised of MSG Sphere, MSG Networks and Tao Group Hospitality, would have enhanced flexibility to execute its business strategy and pursue global growth opportunities.\u201d<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/madison-square-garden-entertainment-revises-spinoff-plans-sphere-1235276536\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Madison Square Garden Entertainment Revises Spinoff Plan James Dolan has had a busy week, and it\u2019s only Tuesday. A day after taking over day-to-day control of AMC Networks, as the cable company seeks a permanent CEO, Dolan on Tuesday revealed a revised spinoff plan for his Madison Square Garden Entertainment business. MSG Entertainment announced in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":522385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/12\/GettyImages-1324615414.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[87892],"class_list":["post-522384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-madison-square-garden"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/522384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=522384"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/522384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/522385"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=522384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=522384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=522384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}