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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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458:"Tao Group, Creator of Nightlife and Dining for Glitterati, Sells to Mohari for $ 550 Million"
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353:"Madison Square Garden Entertainment Acquires MSG Networks Sibling In All-Stock Deal"
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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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279:'s Mohari acquired the stake for $ 550 million.
257:venue in Las Vegas. Executive chairman and CEO
223:, a spin-off of the non-sports assets of the
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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
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273:Tao Group
194:based in
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357:Deadline
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123:New York
73:Industry
34:Formerly
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231:History
105:Founder
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210:chain
204:Sphere
169:Sphere
125:, U.S.
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150:Owner
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66:SPHR
62:NYSE
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