MSG moves forward with spin-off proposal
The move would separate the firm's live entertainment and MSG Networks divisions from its MSG Sphere and Tao Group Hospitality businesses
News By James Hanley | 17 November 2022
Madison Square Garden (MSG) Entertainment has filed plans with the US Securities and Exchange Commission to spin-off its live entertainment and MSG Networks divisions.
The proposed move, which remains subject to various conditions, would separate those businesses from the firm’s MSG Sphere and Tao Group Hospitality businesses, creating a separately-traded public company.
Alongside New York City’s 20,000-cap Madison Square Garden, the live entertainment and media firm is expected to include The Hulu Theater at Madison Square Garden, Radio City…
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