24 C
Friday, March 24, 2023

Madison Square Garden Entertainment Corp. provides the latest news about Tao Group Hospitality

Madison Square Garden Entertainment Corp. provides the latest news about Tao Group Hospitality

New York, February 6, 2023–(Business Wire)–Madison Square Garden Entertainment Corp. (NYSE: MSGE ) (“MSG Entertainment”) announced today that it is exploring the possibility of selling its majority interest in Tao Group Hospitality. Since MSG Entertainment acquired its interest in 2017, Tao Group Hospitality has transformed into a global entertainment dining and nightlife powerhouse with more than 70 branded locations in more than 20 markets on four continents.

MSG Entertainment regularly evaluates ways to maximize shareholder value and believes that now is an opportune time to explore the potential sale of its interest in Tao Group Hospitality. There is no guarantee that this prospecting process will result in a transaction.

About Madison Square Garden Entertainment

Madison Square Garden Entertainment Corp. (MSG Entertainment) is the leader in live entertainment. The company hosts or presents a variety of events at its diverse venues: Madison Square Garden in New York, the Hulu Theater at Madison Square Garden, Radio City Music Hall and the Beacon Theater; and the Chicago Theatre. MSG Entertainment also built a new state-of-the-art venue at The Venetian MSG Sphere Las Vegas. In addition, the company features original productions, Christmas spectacle starring the Radio City Rockettes, and offers a wide range of live sports content and other programming through two regional sports and entertainment networks, MSG Network and MSG Sportsnet. MSG Entertainment also owns Tao Group Hospitality, whose entertainment, dining and nightlife brands include: Tao, Hakkasan, Omnia, Marquee, Lavo, Beauty & Essex and Cathédrale.For more information visit www.msgentertainment.com.

forward-looking statement

This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and as a result of various factors, including the financial community’s views on the Company and its business, operations, financial condition and its perceptions of the operating industry, the impact of the COVID-19 pandemic, and factors described in the company’s filings with the Securities and Exchange Commission, including those contained therein under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” “part. The company disclaims any obligation to update any forward-looking statements contained herein.

View source releases on businesswire.com: https://www.businesswire.com/news/home/20230206005616/en/

contact person

Ali Dennis, CFA
Senior Vice President, Investor Relations, Financial Communications and Treasury
Madison Square Garden Entertainment
(212) 465-6072

justin braber
Vice President, Financial Communications
Madison Square Garden Entertainment
(212) 465-6109

Grace Kaminer
Senior Director, Investor Relations and Finance
Madison Square Garden Entertainment
(212) 631-5076

Source link

Related Articles

Apple joins tech, entertainment industries in boosting demand for office jobs

Apple is the latest company to start asking employees to return to the office.The Cupertino, California-based tech giant is using badge records to...

Empower creators and fans with a powerful Web3 entertainment ecosystem

The entertainment industry is known for its daunting barriers to entry, with a handful of studios and networks dominating the green-lighting process...

26 years later, Jennifer Aniston meets ‘Friends’ child star Mae Whitman

Jennifer Aniston wowed fans with a surprise...

Tom Cruise shuns Will Smith to protect his ‘reputation’ in Hollywood

Tom Cruise has reportedly been keeping his...

BTS Jimin Appears Solo on ‘The Tonight Show With Jimmy Fallon’

BTS member Jimin makes his solo debut...

Latest Articles