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Madison Square Garden Entertainment Corp. (NYSE: [url="]MSGE[/url]) (âMSG Entertainmentâ) and Madison Square Garden Sports Corp. (NYSE: [url="]MSGS[/url])
NEW YORK--(BUSINESS WIRE)--Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment”) and Madison Square Garden Sports Corp. (NYSE: MSGS) (“MSG Sports”) announced today an expanded, multi-year marketing partnership with Lexus, extending the luxury automaker's role as an Official Partner across MSG Entertainment's and MSG Sports' portfolio of premier sports and entertainment assets. Lexus remains the Official Luxury Auto Partner and Luxury Vehicle of Madison Square Garden, Radi.
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For investors looking to benefit from the long-term value of the Knicks franchise, MSGS is the more direct investment opportunity, while MSGE may appeal to those who prefer a broader entertainment and venue-based business model.
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Madison Square Garden Entertainment NYSE: MSGE reported higher fiscal third-quarter revenue, supported by concert activity at Madison Square Garden, growth in suites and marketing partnerships, and the final performances of the latest Christmas Spectacular season, while adjusted operating income declined on higher costs.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.