The Madison Square Garden Company engages in the live sports and entertainment businesses. Segments The company includes two business segments, MSG Sports and MSG Entertainment. MSG Sports segment This segment’s business owns and operates various 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 National Basketball Association, the Hartford Wolf Pack of the American Hockey League, and the Westchester Knicks of the NBA Development League (the ‘NBADL’). The 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 greatest athletes to ever play the game. The Rangers: The Rangers hockey club is one of the ‘original six’ franchises of the NHL. The 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 affiliate of the Knicks. Hartford Wolf Pack: The Hartford Wolf Pack, a minor-league hockey team, is a player development team for the Rangers. The Rangers send draft picks and other players to the Hartford Wolf Pack for skill development and injury rehabilitation. Other Sports Properties This segment also promotes, produces, and/or presents a range of live sporting events outside of its sports teams’ games, 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 The Garden’s longest-running associations. MSG Entertainment segment This segment’s business presents or hosts live entertainment events, including concerts, family shows, performing arts and special events, in the company’s collection of venues and arenas. Those venues include The Garden, The Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, the Forum, The Chicago Theatre, and the Wang Theatre. This segment also creates, produces and/or presents live productions, including the Radio City Christmas Spectacular and New York Spring Spectacular, both featuring the Radio City Rockettes (the ‘Rockettes’), which are performed in the company’s venues. Bookings and Other Entertainment Business Activities This segment is responsible for booking various live entertainment events in its venues, which perennially include some of the biggest names in music and entertainment. The company’s venues have been a key destination for artists, such as the Eagles, Madonna, Phish, Elton John, Eric Clapton, The Allman Brothers Band, Bruce Springsteen, Maroon 5, Taylor Swift, Justin Timberlake, Ed Sheeran, Katy Perry, Stevie Wonder, Sting and Paul Simon, Coldplay, One Direction, Jerry Seinfeld, and Dave Chappelle. In 2013, this segment announced a new partnership between The Garden and Billy Joel that made the legendary performer a staple of ‘The World’s Most Famous Arena’, playing monthly performances since January 2014. The company’s venues have also hosted family shows, such as Sesame Street Live, Yo Gabba Gabba Live and Disney Junior Live; special events, such as the Tony Awards, ‘America’s Got Talent’, and the MTV Video Music Awards; appearances by His Holiness the Dalai Lama and the Prime Minister of India, Narendra Modi; graduations, television upfronts and product launches; and theatrical productions, such as A Christmas Story, How The Grinch Stole Christmas!, and Cirque du Soleil’s Zarkana. The company primarily licenses its venues to third-party promoters for a fee and also promotes or co-promotes shows in which case that the company has economic risk relating to the event. In 2013, the company, in a new partnership with the owners of Brooklyn Bowl, invested in building a new venue in Las Vegas, which was modeled after the Brooklyn Bowl destination in New York. In 2014, the company announced that it purchased a 50 percent interest in Tribeca Enterprises, the company that owns and operates the acclaimed Tribeca Film Festival, bringing together two of New York’s most important cultural and entertainment icons to improve the reach and impact of both brands. Dispositions In 2014, the company completed its previously announced sale of Fuse to SiTV Media, Inc., which has since been renamed Fuse Media, Inc., the parent company of NUVOtv. Strategy The company’s strategy includes developing championship caliber teams; monetizing its exclusive sports content; improving its entertainment brands; exploiting its network of venues; utilizing its integrated approach to marketing and sales; leveraging its live entertainment and venue management expertise and its ‘artist first’ approach; exploring additional ways to strengthen its core assets; and continuing to explore external strategic opportunities.
madison square garden co- a
(MSG:New York Consolidated)
Two Pennsylvania Plaza
New York, NY 10121
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