MSG - The Madison Square Garden Company

NYSE - NYSE Delayed Price. Currency in USD
285.73
+6.39 (+2.29%)
At close: 4:02PM EST
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Previous Close279.34
Open281.03
Bid240.58 x 1000
Ask286.98 x 800
Day's Range280.78 - 287.88
52 Week Range240.33 - 315.95
Volume250,915
Avg. Volume173,979
Market Cap6.8B
Beta (3Y Monthly)0.72
PE Ratio (TTM)N/A
EPS (TTM)-1.53
Earnings DateJan 30, 2020 - Feb 3, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est354.91
  • GlobeNewswire

    Annual Holiday Rock & Roll Bash Raises More Than $1 Million for the Lustgarten Foundation

    On Tuesday, Dec. 3, The Madison Square Garden Company (MSG) and AMC Networks (AMCX) hosted the 19th Annual Holiday Rock & Roll Bash benefitting the Lustgarten Foundation, the world’s largest private funder of pancreatic cancer research. The Foundation’s premier fundraising event, the Bash raised more than $1 million this year.

  • Madison Square Garden files with SEC to spin off arena, Radio City
    American City Business Journals

    Madison Square Garden files with SEC to spin off arena, Radio City

    The move creates two distinct companies for MSG shareholders: One to focus on venues and the other on sports (Knicks, Rangers).

  • MarketWatch

    Madison Square Garden files confidentially to spin off entertainment business

    The Madison Square Garden Co. said Tuesday it has filed confidentially with the Securities and Exchange Commission for the spin-off of its entertainment business. The company is expecting the deal to take place in the first quarter of 2020. The deal would separate the company's sports business from its entertainment business and would be structured as a tax-free spin-off to its shareholders. The sports company will comprise the New York Knicks NBA franchise and the New York Rangers NHL franchise and their affiliates. The entertainment business will comprise iconic New York venues that include Madison Square Garden itself, Radio City Music Hall and Beacon Theater as well as properties in Chicago and California. The company's bookings business, productions and interests in other assets, along with about $1 billion in cash on hand. Shares were up 0.2% Tuesday, and have gained 3.4% in 2019, while the S&P 500 has gained about 23%.

  • GlobeNewswire

    The Madison Square Garden Company Files Initial Form 10 Registration Statement for Proposed Spin-Off of Entertainment Business

    The Madison Square Garden Company (MSG) today announced that it has filed a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”) for the proposed spin-off of its entertainment business. The filing represents a significant milestone with regard to completing the transaction, which the Company continues to expect will take place in the first quarter of calendar 2020, subject to certain conditions. As previously announced, the proposed separation of the sports and entertainment business would be structured as a tax-free spin-off to all MSG shareholders.

  • TheStreet.com

    [video]Madison Square Garden Files With SEC to Spin Off Entertainment Business

    The separation would take place in first-quarter 2020. MSG holders would retain equity stakes in both the sports and entertainment entities.

  • Hedge Funds Are Selling The Madison Square Garden Company (MSG)
    Insider Monkey

    Hedge Funds Are Selling The Madison Square Garden Company (MSG)

    The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

  • Manchester City Owner Sells $500 Million Stake to Private Equity
    Bloomberg

    Manchester City Owner Sells $500 Million Stake to Private Equity

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Silver Lake Management’s expensive foray into British soccer reflects the soaring value of live matches in the streaming era and the potential for new apps to cash in on the global following of teams like Manchester City.The U.S. private equity firm is buying just over 10% of City owner City Football Group Ltd. for around $500 million, the companies said Wednesday. At that price, City Football would be valued at $4.8 billion, based on simple math. But Silver Lake acquired preferred shares in the transaction, which would normally demand a premium, so the real valuation may be lower, according to people familiar with the matter.In any case, the deal puts City Football, controlled by Abu Dhabi’s royal family, among the highest-priced professional sports organizations. It lit a spark under shares of City’s crosstown rival, Manchester United Plc, which jumped as much as 14% in New York trading Wednesday. That’s the biggest intraday gain since the team’s 2012 listing, and gives the company a market capitalization of about $3 billion.Silver Lake is best known for tech investments such as Dell Technologies Inc. and China’s Alibaba Group Holding Ltd., and could bring that expertise to the English Premier League club. The firm is also well versed in sports through its stake in Madison Square Garden Co., the owner of New York’s Knicks and Rangers.While the big clubs still make most of their money from broadcast rights and merchandising, they’re looking for ways to use technology to sell privileged access to fans.Some have developed apps showing exclusive content such as player interviews, short documentaries, press conferences and even match highlights. A platform developed recently by London’s Chelsea Football Club found an enthusiastic audience.Manchester City demonstrated the potential value of behind-the-scenes content last year when it partnered with Amazon.com Inc.’s Prime Video streaming service for an eight-part documentary charting the path to its 2018 title win.“There are large international audiences and fan bases for Premier League clubs, particularly in Asia,” said Richard Broughton of Ampere Analysis. “There is potentially a large and arguably under-served opportunity outside the U.K. -- albeit at a lower price point.”The bigger teams will have to tread a careful path, offering enough to entice fans without upsetting the leagues that bring them TV revenue.Prized ContentIncome from sports broadcasts has been surging since media companies latched onto the live events as one of the remaining ways to bring in advertisers, which are increasingly moving online. The emergence of the big U.S. streaming platforms in rights contests has helped to buoy valuations for the most sought-after content.The Silver Lake deal values the business among some of the world’s top sports names including the New York Yankees baseball team, worth $4.6 billion, and basketball giants the New York Knicks, at $4 billion, according to Forbes estimates.While Manchester United’s market capitalization might be lower than the new Man City valuation, “any bid by a company wanting immediate exposure in Asia would generate a significant premium if the controlling Glazer family ever decided to sell,” said John Tinker, a media analyst at Gabelli & Co., referring to United’s owner.KPMG valued Manchester City at $2.8 billion in May, though that estimate didn’t include City Football’s other teams, such as New York City FC and Melbourne City FC.“Then you have to take into account any synergies the buyer might have with the asset,” said Andrea Sartori, global head of sports at KPMG. “And then there’s a strong branding factor, given the exposure associated with a football club.”Few TV shows can match the audience pulling power of a big live sporting clash. Manchester City was the world’s fifth-highest revenue-generating soccer club in the 2017-18 season, according to a study by Deloitte, following a strong run of success in domestic and European competitions.Comcast Corp.’s European pay-TV unit Sky has said recent Premier League audiences were 23% higher than last season.“We remain very optimistic for continued increases in global football broadcast rights,” said Manchester United Vice Chairman Ed Woodward in an earnings call with analysts last week.Private-equity investors have long been drawn to sports clubs and agencies. Last year, Apax Partners agreed to acquire data and technology company Genius Sports, fresh on the heels of a purchase by Canada Pension Plan Investment Board and private equity firm TCV of a minority stake in Sportradar AG, another sports data analysis firm. Providence Equity Partners sold its interest in Major League Soccer’s media and marketing arm back to the league in 2017, tripling its initial investment in Soccer United Marketing.Silver Lake is plowing more money into sports and entertainment, including an investment in Endeavor Group Holdings Inc., which runs sports leagues, hosts fashion events and represents top athletes and entertainers.City Football Group plans to use the deal funds to expand its business overseas and develop technology and infrastructure assets, according to a statement. No existing shareholders sold their stake, and Abu Dhabi United Group remains the majority shareholder.\--With assistance from Joe Easton.To contact the reporters on this story: David Hellier in London at dhellier@bloomberg.net;Scott Soshnick in New York at ssoshnick@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, ;Nick Turner at nturner7@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of MSG earnings conference call or presentation 8-Nov-19 3:00pm GMT

    Q1 2020 Madison Square Garden Co Earnings Call

  • How Much Of The Madison Square Garden Company (NYSE:MSG) Do Insiders Own?
    Simply Wall St.

    How Much Of The Madison Square Garden Company (NYSE:MSG) Do Insiders Own?

    The big shareholder groups in The Madison Square Garden Company (NYSE:MSG) have power over the company. Institutions...

  • 10 Most Famous Sports Arenas In The World
    Insider Monkey

    10 Most Famous Sports Arenas In The World

    Ever wonder which are the 10 most famous sports arenas in the world? There are many magnificent sports stadiums across the world that are used for various sports. They are used for multiple sports such as boxing, MMA fighting, wrestling, soccer, rugby, American football, Olympic events, and many others. Most of the stadiums are owned […]

  • GlobeNewswire

    Two of Rock’s Most Legendary Bands, Foo Fighters and Red Hot Chili Peppers, to Headline Boston Calling 2020

    BOSTON CALLING MUSIC FESTIVALMEMORIAL DAY WEEKENDMAY 22 - 24, 2020HARVARD ATHLETIC COMPLEX LIMITED PRESALE 3-DAY PASSES ON SALE TOMORROW, THURSDAY NOV. 14, AT 10AM EST AT.

  • Madison Square Garden's (MSG) Q1 Loss Wider Than Expected
    Zacks

    Madison Square Garden's (MSG) Q1 Loss Wider Than Expected

    Madison Square Garden's (MSG) first-quarter fiscal 2020 results hurt by decline in event-related revenues.

  • The Madison Square Garden Company (MSG) Reports Q1 Loss, Lags Revenue Estimates
    Zacks

    The Madison Square Garden Company (MSG) Reports Q1 Loss, Lags Revenue Estimates

    The Madison Square Garden Company (MSG) delivered earnings and revenue surprises of -46.72% and -8.06%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    The Madison Square Garden Company Reports Fiscal 2020 First Quarter Results

    NEW YORK, Nov. 08, 2019 -- The Madison Square Garden Company (NYSE: MSG) today reported financial results for the fiscal first quarter ended September 30, 2019. For the fiscal.

  • TheStreet.com

    [video]Madison Square Garden to Split Sports, Entertainment: Could the Knicks Be Sold?

    `The spinoff would create two distinct companies for MSG shareholders, each with a defined business focus and clear investment characteristics,' MSG CEO James Dolan said.

  • GlobeNewswire

    The Madison Square Garden Company Provides Update on Potential Spin-Off Transaction

    The Madison Square Garden Company (MSG) today announced that its board of directors has unanimously approved pursuing a revised plan for the proposed separation of its sports and entertainment businesses. The Company is now pursuing a spin-off of its entertainment businesses into a separately traded public company and, as part of this revised structure, the entertainment company would not retain an equity interest in the sports company. The Company had previously been exploring a plan to spin-off approximately two-thirds of its economic interest in its sport businesses to shareholders, with the entertainment company retaining an approximate one-third interest in the sports company.

  • Silicon Valley private equity firm might be looking for bigger stake in Knicks, Rangers
    American City Business Journals

    Silicon Valley private equity firm might be looking for bigger stake in Knicks, Rangers

    Silver Lake Group, which currently owns about 10 percent of Madison Square Garden Co., owner of the Knicks and Rangers, might want to greatly increase its stake.

  • GlobeNewswire

    Keri Elmsly Joins the Madison Square Garden Company as Senior Vice President, Immersive Development and Production

    The Madison Square Garden Company (MSG) today announced that award-winning creator Keri Elmsly has joined MSG in the newly-established role of Senior Vice President, Immersive Design and Production. Ms. Elmsly brings more than 20 years of experience creating world-class experiential activations to this new position, where she will be tasked with spearheading the development of multi-sensory, immersive elements for MSG Sphere – the Company’s planned, state-of-the-art entertainment venues that will revolutionize the entertainment experience.

  • GlobeNewswire

    The Madison Square Garden Company to Host Fiscal 2020 First Quarter Conference Call

    NEW YORK, Nov. 01, 2019 -- The Madison Square Garden Company (NYSE: MSG) will host a conference call to discuss results for its first quarter ended September 30, 2019 on.

  • Analysts Estimate The Madison Square Garden Company (MSG) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate The Madison Square Garden Company (MSG) to Report a Decline in Earnings: What to Look Out for

    The Madison Square Garden Company (MSG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    The New York Knicks and Squarespace Announce Third Annual “Make It Awards” 

    The New York Knicks and Squarespace, the leading all-in-one website building platform, today announced the kickoff of the third annual “Make It Awards,” a program that provides select tri-state area entrepreneurs with the funds, exposure and guidance they need to take their businesses to the next level.

  • MSG to give up stakes in Knicks, Rangers
    Yahoo Finance Video

    MSG to give up stakes in Knicks, Rangers

    Madison Square Garden announced it is relinquishing plans to retain an equity interest in its sports assets, after spinning them off into a separate company early next year. 

  • Madison Square Garden will spin off its entertainment unit
    Yahoo Finance Video

    Madison Square Garden will spin off its entertainment unit

    The Madison Square Garden Company says it will spin off its concert and entertainment-venue operations as a separate public company from its sports business. Yahoo Finance's Julie Hyman. Pras Subramanian and Brian Cheung report.

  • Madison Square Garden to separate its sports, entertainment units
    Yahoo Finance Video

    Madison Square Garden to separate its sports, entertainment units

    Madison Square Garden will spin off its entertainment and sports businesses into two separate public companies by early next year. The entertainment company will include MSG, Hulu Theater and Radio City Music Hall, while the sports company will have the Knicks, the Rangers, and MSG. Yahoo Finance’s Dan Roberts, Heidi Chung and Julia La Roche discuss on YFi AM.