The Madison Square Garden Company engages in the sports, entertainment, and media businesses. Segments The company operates in three segments: MSG Sports, MSG Media, and MSG Entertainment. MSG Sports segment This segment owns and operates various professional sports franchises, such as the New York Knicks (the ‘Knicks’) of the National Basketball Association (the ‘NBA’), the New York Rangers (the ‘Rangers’) of the National Hockey League (the ‘NHL’), the New York Liberty (the ‘Liberty’) of the Women’s NBA, the Hartford Wolf Pack of the American Hockey League (the ‘AHL’), and the Westchester Knicks of the NBA Development League (the ‘NBADL’). This segment also promotes, produces and/or presents a range of other live sporting events, including professional boxing, college basketball, professional bull riding and tennis. Sports Franchises The Knicks and Rangers are primary franchises in professional sports. These teams are major occupants of The Garden playing a combined total of 82 regular season home games, often to at or near capacity attendance. In addition, the Liberty plays 17 regular season home games at The Garden each year. The Knicks and Rangers provide core content for the company’s MSG Media segment, with a total of 166 pre-season, regular season and playoff games (both home and away) telecast on MSG Networks during the 2014-15 season, and generate significant audience demand for wrap-around and themed programming. As part of both team and league marketing and telecasts, the company’s sports teams provide both regional and national visibility for the company. Knicks: As an original franchise of the NBA, the Knicks includes eight trips to the NBA Finals and two NBA Championships, as well as some of the athletes to ever play the game. Rangers: The Rangers hockey club is one of the ‘original six’ franchises of the NHL. Liberty: The Liberty is supported by an enthusiastic and loyal fan base. Westchester Knicks: In 2014, the company acquired the right to own and operate an NBADL team, which has been named the Westchester Knicks. The Westchester Knicks serve as the NBADL affiliate of the Knicks. Hartford Wolf Pack: The Hartford Wolf Pack, a minor-league hockey team, is a player development team for the Rangers and is also competitive in its own right in the AHL. The Rangers send draft picks and other players to the Hartford Wolf Pack for skill development and injury rehabilitation, and could call up players for the Rangers roster to improve the team’s competitiveness. The Hartford Wolf Pack has reached the playoffs 15 times out of 18 seasons. Other Sports Properties MSG Sports also promotes, produces and/or presents a range of live sporting events, including professional boxing, college basketball, professional bull riding, tennis, and college wrestling. The company’s sports business includes events and perennial highlights on its annual calendar, and also features some of Madison Square Garden’s longest-running associations. MSG Media segment This segment engages in the production and content development for multiple distribution platforms, including content originating from the company’s venues and includes the company’s regional sports and entertainment networks, MSG Network and MSG+, collectively the ‘MSG Networks’. MSG Networks is the local television home to nine professional sports teams — with live games of the Knicks, Rangers, Liberty, Westchester Knicks, Islanders, Devils, Sabres and Red Bulls, and coverage of the New York Giants. The company owns the local media rights to the Knicks, Rangers, Liberty and Westchester Knicks, while MSG Networks has multi-year rights agreements with the Islanders, Devils and Sabres. MSG Network and MSG+ are major regional cable networks, and typically each year, collectively telecast approximately 400 exclusive live sporting events, along with a slate of original programming. This includes programming related to the Knicks and Rangers, such as Knicks and Rangers coach’s shows, ‘Hockey Night Live’ and dedicated pre- and post-game shows, all of which allow the company to capitalize on the extraordinary enthusiasm of its teams’
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