A rendered cross section of MSG Sphere at The Venetian. The state-of-the-art venue will have nine levels and 875,000 square feet of interior space.
Have MSG’s sports and entertainment arms been inhibiting each other’s success? With an upcoming spin-off, investors hope the parts prove greater than the sum.
The Madison Square Garden Company is not abiding by the adage “together we stand, divided we fall.” Instead, the storied company, owner of professional sports teams and name-brand venues, plans to spin off its entertainment business from its sports segment in the first quarter of 2020. Fourteen months after first announcing its intentions, MSG filed for the spin-off with the Securities and Exchange Commission on Dec. 3, 2019. Two companies will exist as separate, publicly traded companies,