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MSG Entertainment mulls Madison Square Garden, Radio City Music Hall split

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Madison Square Garden Entertainment said Thursday that it would explore potentially spinning off live entertainment venues and a bevy of other assets right into a separate company.

Under the possible spinoff, MSG Entertainment would retain its “immersive” MSG Sphere venues and its majority interest within the dining and nightlife company TAO Group Hospitality, in response to a company press release.

The potential separate company, meanwhile, would get the sports and entertainment bookings, in addition to the Radio City Rockettes, the famous Christmas holiday production and arena licensing agreements with the Latest York Knicks and the Latest York Rangers, in response to the discharge. MSG Entertainment’s iconic Latest York City entertainment venues — Madison Square Garden, Radio City Music Hall, the Beacon Theatre and the Hulu Theater at Madison Square Garden — would also get spun off to the brand new firm.

MSG Networks, which MSG Entertainment finished acquiring in July 2021, would fall under the potential separate company as well if the spinoff involves fruition, the discharge stated. It consists of regional networks MSG Network and MSG+ and the streaming app MSG GO.

Radio City Music HallThe brand new company would own the live performance venues, in addition to the Rockettes and other properties. Getty Images

“This potential transaction would create two firms, each with a definite value proposition for investors,” MSG Entertainment CEO James Dolan said in the discharge.

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