Sphere Entertainment (SPHR) 10-Q9 Feb 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Dec. 31, 2022	Jan. 31, 2023
Document [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	001-39245
Entity Registrant Name	MADISON SQUARE GARDEN ENTERTAINMENT CORP.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-3755666
Entity Address, Address Line One	Two Penn Plaza
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10121
City Area Code	212
Local Phone Number	465-6000
Title of 12(b) Security	Class A Common Stock
Trading Symbol	MSGE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001795250
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Townsquare Class A common stock
Document [Line Items]
Entity Common Stock, Shares Outstanding		27,687,166
Common Class B
Document [Line Items]
Entity Common Stock, Shares Outstanding		6,866,754

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Dec. 31, 2022	Jun. 30, 2022
Current Assets:
Cash, cash equivalents and restricted cash		$ 553,736	$ 846,010
Accounts receivable, net		208,452	216,652
Prepaid expenses and other current assets		153,968	155,994
Total current assets		916,156	1,218,656
Non-Current Assets:
Property and equipment, net		3,509,473	2,939,052
Right-of-use lease assets		499,279	446,499
Goodwill		500,181	500,181
Intangible assets, net		217,181	227,885
Other non-current assets		207,392	189,887
Total assets		5,849,662	5,522,160
Current Liabilities:
Accounts payable, accrued and other current liabilities		584,313	589,246
Current portion of long-term debt		102,500	78,512
Operating lease liabilities, current		67,775	65,310
Deferred revenue		209,882	228,032
Total current liabilities		964,470	961,100
Non-Current Liabilities:
Long-term debt, net of deferred financing costs		1,885,251	1,664,576
Operating lease liabilities, non-current		479,991	427,971
Deferred tax liabilities, net		165,467	163,441
Other non-current liabilities		145,341	145,496
Total liabilities		3,640,520	3,362,584
Commitments and contingencies (see Note 9)
Redeemable noncontrolling interests		190,222	184,192
Equity:
Additional paid-in capital		2,322,007	2,301,970
Accumulated deficit		(267,909)	(290,736)
Accumulated other comprehensive loss		(48,563)	(48,355)
Total Madison Square Garden Entertainment Corp. stockholders’ equity		2,005,881	1,963,221
Nonredeemable noncontrolling interests		13,039	12,163
Total equity		2,018,920	1,975,384
Total liabilities, redeemable noncontrolling interests and equity		5,849,662	5,522,160
Townsquare Class A common stock
Equity:
Common stock	[1]	277	273
Common Class B
Equity:
Common stock	[2]	$ 69	$ 69

[1]Class A Common Stock, $0.01 par value per share, 120,000 shares authorized;27,687 and 27,368 shares outstanding as of December 31, 2022 and June 30, 2022, respectively.[2]Class B Common Stock, $0.01 par value per share, 30,000 shares authorized;6,867 shares outstanding as of December 31, 2022 and June 30, 2022.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares shares in Thousands	Dec. 31, 2022	Jun. 30, 2022
Townsquare Class A common stock
Common stock, par or stated value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000	120,000
Common stock, shares, outstanding (in shares)	27,687	27,368
Common Class B
Common stock, par or stated value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000	30,000
Common stock, shares, outstanding (in shares)	6,867	6,867

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	[1]	$ 642,198	$ 516,439	$ 1,043,416	$ 810,949
Direct operating expenses	[1]	(348,959)	(296,258)	(602,860)	(462,019)
Selling, general and administrative expenses	[1]	(182,433)	(162,277)	(346,843)	(337,116)
Depreciation and amortization		(29,059)	(30,533)	(58,814)	(59,963)
Impairment and other gains, net		5,885	7,979	7,885	161
Restructuring charges		(13,682)	0	(13,682)	0
Operating income (loss)		73,950	35,350	29,102	(47,988)
Interest income		3,603	773	7,557	1,548
Interest expense		(894)	(8,167)	(3,061)	(17,415)
Other expense, net		(3,853)	(18,874)	(2,328)	(22,628)
Income (loss) from operations before income taxes		72,806	9,082	31,270	(86,483)
Income tax (expense) benefit		(2,249)	(4,063)	(4,756)	14,847
Net income (loss)		70,557	5,019	26,514	(71,636)
Less: Net income attributable to redeemable noncontrolling interests		3,029	2,642	4,153	4,854
Less: Net (loss) income attributable to nonredeemable noncontrolling interests		(56)	106	(466)	471
Net income (loss) attributable to Madison Square Garden Entertainment Corp.’s stockholders		$ 67,584	$ 2,271	$ 22,827	$ (76,961)
Basic earnings (loss) per common share attributable to Madison Square Garden Entertainment Corp.'s stockholders (in dollars per share)		$ 1.95	$ 0.07	$ 0.66	$ (2.25)
Diluted earnings (loss) per common share attributable to Madison Square Garden Entertainment Corp.'s stockholders (in dollars per share)		$ 1.95	$ 0.07	$ 0.66	$ (2.25)
Weighted-average number of common shares outstanding:
Basic (in shares)		34,684	34,278	34,544	34,186
Diluted (in shares)		34,710	34,436	34,609	34,186

[1]See Note 14, Related Party Transactions, for further information on related party revenues and expenses

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 70,557	$ 5,019	$ 26,514	$ (71,636)
Other comprehensive income (loss), before income taxes:
Amortization of net actuarial loss included in net periodic benefit cost	510	510	1,020	1,020
Cumulative translation adjustments	14,803	2,486	(1,277)	(3,932)
Other comprehensive income (loss), before income taxes	15,313	2,996	(257)	(2,912)
Income tax (expense) benefit related to items of other comprehensive loss	(2,895)	(568)	49	552
Other comprehensive income (loss)	12,418	2,428	(208)	(2,360)
Comprehensive income (loss)	82,975	7,447	26,306	(73,996)
Less: Net income attributable to redeemable noncontrolling interests	3,029	2,642	4,153	4,854
Less: Net (loss) income attributable to nonredeemable noncontrolling interests	(56)	106	(466)	471
Comprehensive income (loss) attributable to Madison Square Garden Entertainment Corp.’s stockholders	$ 80,002	$ 4,699	$ 22,619	$ (79,321)

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES:
Net income (loss)	$ 26,514	$ (71,636)
Adjustment to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	58,814	59,963
Impairment and other gains, net	(7,885)	(161)
Amortization of deferred financing costs	2,634	4,367
Benefit (expense) from deferred income taxes	2,257	(17,173)
Share-based compensation expense	35,666	43,699
Amortization of right-of-use assets	15,421	12,451
Net unrealized loss on equity investments with and without readily determinable fair value	1,234	19,615
Other non-cash adjustments	2,798	6,580
Change in assets and liabilities:
Accounts receivable, net	9,421	(20,857)
Prepaid expenses and other current and non-current assets	(18,769)	4,907
Accounts payable, accrued and other current and non-current liabilities	(42,690)	35,984
Deferred revenue	(17,295)	47,016
Right-of-use lease assets and operating lease liabilities	(13,155)	8,031
Net cash provided by operating activities	54,965	132,786
INVESTING ACTIVITIES:
Capital expenditures, net	(558,808)	(313,076)
Capitalized interest	(50,335)	(19,926)
Proceeds from dispositions, net	27,904	0
Proceeds from sale of equity securities	3,819	0
Other investing activities	1,511	470
Net cash used in investing activities	(575,909)	(332,532)
FINANCING ACTIVITIES:
Proceeds from issuance of term loan	275,000	0
Taxes paid in lieu of shares issued for equity-based compensation	(14,980)	(15,240)
Noncontrolling interest holders’ capital contributions	2,000	4,677
Distributions to noncontrolling interest holders	(1,325)	(1,060)
Distributions to related parties associated with the settlement of certain share-based awards	(571)	(516)
Repayments of revolving credit facility	0	(15,000)
Principal repayments on long-term debt	(26,625)	(30,500)
Payments for financing costs	(5,112)	0
Other financing activities	788	0
Net cash provided by (used in) financing activities	229,175	(57,639)
Effect of exchange rates on cash, cash equivalents and restricted cash	(505)	(572)
Net decrease in cash, cash equivalents and restricted cash	(292,274)	(257,957)
Cash, cash equivalents and restricted cash at beginning of period	846,010	1,539,976
Cash, cash equivalents and restricted cash at end of period	553,736	1,282,019
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Investments and loans to nonconsolidated affiliates	0	675
Capital expenditures incurred but not yet paid	38,127	42,620
Share-based compensation capitalized in property and equipment	$ 1,802	$ 1,763

Condensed Statements Of Stockho

Condensed Statements Of Stockholders' Equity And Redeemable Noncontrolling Interests (Unaudited) - USD ($) $ in Thousands	Total	DraftKings common stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total Madison Square Garden Entertainment Corp. Stockholders’ Equity	Non - redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests
Balance at the beginning of the period at Jun. 30, 2021	$ 2,180,406	$ 340	$ 2,294,775	$ (96,341)	$ (30,272)	$ 2,168,502	$ 11,904
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(76,490)			(76,961)		(76,961)	471
Other comprehensive income	(2,360)				(2,360)	(2,360)
Share-based compensation	44,287		44,287			44,287
Tax withholding associated with shares issued for equity-based compensation	(15,240)	2	(15,242)			(15,240)
Adjustments of redeemable noncontrolling interest	(6,178)		(6,178)			(6,178)
Contributions	4,677						4,677
Distributions	(1,287)		(227)			(227)	(1,060)
Balance at the end of the period at Dec. 31, 2021	2,127,815	342	2,317,415	(173,302)	(32,632)	2,111,823	15,992
Balance at the beginning of the period at Jun. 30, 2021								$ 137,834
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net income (loss) attributable to redeemable noncontrolling interests	(4,854)
Noncontrolling interest non-cash acquisition attributable to redeemable noncontrolling interests								1,174
Adjustments of redeemable noncontrolling interest								66
Noncontrolling interest, decrease from distributions to noncontrolling interest holders								(1,924)
Balance at the end of the period at Dec. 31, 2021								142,004
Balance at the beginning of the period at Sep. 30, 2021	2,096,007	342	2,293,157	(175,573)	(35,060)	2,082,866	13,141
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	2,377			2,271		2,271	106
Other comprehensive income	2,428				2,428	2,428
Share-based compensation	24,595		24,595			24,595
Tax withholding associated with shares issued for equity-based compensation	(337)		(337)			(337)
Contributions	3,805						3,805
Distributions	(1,060)						(1,060)
Balance at the end of the period at Dec. 31, 2021	2,127,815	342	2,317,415	(173,302)	(32,632)	2,111,823	15,992
Balance at the beginning of the period at Sep. 30, 2021								140,410
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net income (loss) attributable to redeemable noncontrolling interests	(2,642)							2,642
Noncontrolling interest non-cash acquisition attributable to redeemable noncontrolling interests								587
Noncontrolling interest, decrease from distributions to noncontrolling interest holders								(1,635)
Balance at the end of the period at Dec. 31, 2021								142,004
Balance at the beginning of the period at Jun. 30, 2022	1,975,384	342	2,301,970	(290,736)	(48,355)	1,963,221	12,163
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	22,361			22,827		22,827
Other comprehensive income	(208)				(208)	(208)
Share-based compensation	36,295		36,295			36,295
Tax withholding associated with shares issued for equity-based compensation	(14,980)	4	(14,984)			(14,980)
BCE disposition	667						667
Accretion of put options and adjustments	(895)		(895)			(895)
Contributions	2,000						2,000
Distributions	(1,704)		(379)			(379)	(1,325)
Balance at the end of the period at Dec. 31, 2022	2,018,920	346	2,322,007	(267,909)	(48,563)	2,005,881	13,039
Balance at the beginning of the period at Jun. 30, 2022	184,192							184,192
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net income (loss) attributable to redeemable noncontrolling interests	(4,153)
Noncontrolling interest non-cash acquisition attributable to redeemable noncontrolling interests								2,069
Noncontrolling interest, decrease from distributions to noncontrolling interest holders								(192)
Balance at the end of the period at Dec. 31, 2022	190,222							190,222
Balance at the beginning of the period at Sep. 30, 2022	1,918,726	342	2,303,135	(335,493)	(60,981)	1,907,003	11,723
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	67,528			67,584		67,584	(56)
Other comprehensive income	12,418				12,418	12,418
Share-based compensation	20,784		20,784			20,784
Tax withholding associated with shares issued for equity-based compensation	(1,013)	4	(1,017)			(1,013)
BCE disposition	667						667
Accretion of put options and adjustments	(895)		(895)			(895)
Contributions	1,500						1,500
Distributions	(795)						(795)
Balance at the end of the period at Dec. 31, 2022	2,018,920	$ 346	$ 2,322,007	$ (267,909)	$ (48,563)	$ 2,005,881	$ 13,039
Balance at the beginning of the period at Sep. 30, 2022								185,711
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net income (loss) attributable to redeemable noncontrolling interests	(3,029)							3,029
Noncontrolling interest non-cash acquisition attributable to redeemable noncontrolling interests								1,482
Balance at the end of the period at Dec. 31, 2022	$ 190,222							$ 190,222

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
Description of Business and Basis of Presentation	Dec. 31, 2022
Description Of Business And Basis Of Presentation [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business Madison Square Garden Entertainment Corp. (together with its subsidiaries, the “Company” or “MSG Entertainment”), is a leader in live entertainment comprised of iconic venues, marquee entertainment brands, regional sports and entertainment networks and popular dining and nightlife offerings. Utilizing the Company’s powerful brands and live entertainment expertise, the Company delivers unique experiences that set the standard for excellence and innovation while forging deep connections with diverse and passionate audiences. The Company is comprised of three reportable segments: Entertainment, MSG Networks and Tao Group Hospitality. As of December 31, 2022, there have been no changes to the reportable segments of the Company. See Note 1, Description of Business and Basis of Presentation, to the consolidated and combined financial statements included in the Form 10-K for the fiscal years ended June 30, 2022, 2021 and 2020 as filed with the SEC on August 19, 2022 (the “2022 Form 10-K”) for more information regarding the details of the Company’s business. Basis of Presentation The Company reports on a fiscal year basis ending on June 30 th (“Fiscal Year”). In these unaudited condensed consolidated interim financial statements (“financial statements”), the years ended on June 30, 2023 and 2022 are referred to as “Fiscal Year 2023” and “Fiscal Year 2022,” respectively. Certain Fiscal Year 2022 amounts have been reclassified to conform to the Fiscal Year 2023 presentation. The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the instructions of Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for Fiscal Year 2022 included in the 2022 Form 10-K. In the opinion of the Company, the accompanying financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of December 31, 2022, and its results of operations for the three and six months ended December 31, 2022, and 2021, and cash flows for the six months ended December 31, 2022, and 2021. The condensed consolidated financial statements and the accompanying notes as of Fiscal Year 2023, were derived from audited annual financial statements but do not contain all of the footnote disclosures from the annual financial statements. The results of operations for the periods presented are not necessarily indicative of the results that might be expected for future interim periods or for the full year. As a result of the production of the Christmas Spectacular Starring the Radio City Rockettes (the “ Christmas Spectacular ”), arena license fees in connection with the use of Madison Square Garden (“The Garden”) by the New York Knicks (the “Knicks”) of the National Basketball Association (the “NBA”) and the New York Rangers (the “Rangers”) of the National Hockey League (the “NHL”), and MSG Networks’ advertising revenue being largely derived from the sale of inventory in its live NBA and NHL professional sports programming, the Company generally earns a disproportionate share of its annual revenues in the second and third quarters of its fiscal year. Impact of the COVID-19 Pandemic The Company’s operations and operating results were not materially impacted by the COVID-19 pandemic during the six months ended December 31, 2022, as compared to the prior year period, which was impacted by (i) fewer ticketed events at our performance venues due to the lead-time required to book touring acts and artists, (ii) the postponement or cancellation of select events at our performance venues (including the partial cancellation of the 2021 production of the Christmas Spectacular) , and a temporary impact to both demand and operations at Tao Group Hospitality as a result of an increase in COVID-19 cases during the fiscal second quarter, and (iii) certain regulatory requirements, including vaccination/mask requirements for our performance, entertainment dining and nightlife venues, which contributed to certain Tao Group Hospitality branded locations remaining closed during the period. See Note 1, Impact of the COVID-19 Pandemic, to the consolidated and combined financial statements included in the 2022 Form 10-K for more information regarding the impact of the COVID-19 pandemic on our business. It is unclear to what extent COVID-19 concerns, including with respect to new variants, could result in new government or league-mandated capacity or other restrictions or vaccination/mask requirements or impact the use of and/or demand for our

Accounting Policies

Accounting Policies	6 Months Ended
Accounting Policies	Dec. 31, 2022
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies Principles of Consolidation The financial statements of the Company include the accounts of Madison Square Garden Entertainment Corp. and its subsidiaries, which include Tao Group Holdings, LLC and its subsidiaries (“Tao Group Hospitality”) and Boston Calling Events, LLC (“BCE”), until its disposition on December 2, 2022. All significant intercompany transactions and balances have been eliminated in consolidation. The financial statements of the Company include accounts of Tao Group Hospitality, and BCE (up to December 2, 2022) in which the Company has controlling voting interests. The Company’s consolidation criteria are based on authoritative accounting guidance for identifying a controlling financial interest. Tao Group Hospitality and BCE are consolidated with the equity owned by other stockholders shown as redeemable or nonredeemable noncontrolling interests in the accompanying condensed consolidated balance sheets, and the other stockholders’ portion of net earnings (loss) and other comprehensive income (loss) shown as net income (loss) or comprehensive income (loss) attributable to redeemable or nonredeemable noncontrolling interests in the accompanying condensed consolidated statements of operations and condensed consolidated statements of comprehensive income (loss), respectively. The Company disposed of its controlling interest in BCE on December 2, 2022 and these condensed consolidated financial statements reflect the results of operations of BCE until its disposition. See Note 3, Dispositions, for details regarding the disposal. See Note 2, Summary of Significant Accounting Policies, to the consolidated and combined financial statements included in the 2022 Form 10-K regarding the classification of redeemable noncontrolling interests of Tao Group Hospitality. Use of Estimates The preparation of the accompanying financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the provision for credit losses, valuation of investments, goodwill, intangible assets, other long-lived assets, deferred tax assets, pension and other postretirement benefit obligations and the related net periodic benefit cost, and other liabilities. In addition, estimates are used in revenue recognition, rights fees, performance and share-based compensation, depreciation and amortization, litigation matters and other matters, as well as in the valuation of noncontrolling interests resulting from business combination transactions. Management believes its use of estimates in the financial statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s financial statements in future periods. Summary of Significant Accounting Policies The following is an update to the Company's Summary of Significant Accounting Policies, disclosed in the 2022 Form 10-K. The update primarily reflects the addition of a policy related to production costs for the Company’s Original Immersive Productions. Production Costs for the Company’s Original Immersive Productions The Company defers certain costs during the production phase of its original immersive productions for MSG Sphere that are directly related to production activities. Such costs include, but are not limited to, fees paid to writers, directors, and producers as well as video and music production costs and production specific overhead. Deferred immersive production costs are amortized in the same ratio that current period actual revenue bears to estimated remaining unrecognized ultimate revenue as of the beginning of the current fiscal year. Estimates of ultimate revenues are prepared on an individual production basis and reviewed regularly by management and revised where necessary to reflect the most current information. Ultimate revenues reflect management’s estimates of future revenue over a period not to exceed ten years following the premiere of the production. Deferred immersive production costs are subject to recoverability assessments whenever there is an indication of potential impairment. Recently Issued and Adopted Accounting Pronouncements Recently Issued Accounting Pronouncements No recently issued accounting guidance materially impacted or is expected to impact the Company's financial statements. Recently Adopted Accounting Pronouncements In October 2021 , the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ ASU ”) No. 2021-08, Accounting for Contract Assets and Contract Liabilities From Contracts With Customers . This ASU requires that the acquiring entity in a business combination recognize and measure contract assets and contract liabilities acquired in accordance with ASC Topic 606. This standard was adopted by the Company in the first quarter of Fiscal Year 2023. The adoption of this standard had no impact on the Company’s financial statements.

Dispositions

Dispositions	6 Months Ended
Dispositions	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Dispositions	Dispositions Disposition of Our Interest in Boston Calling Events The Company entered into an agreement on December 1, 2022, to sell its controlling interest in BCE (the “BCE Disposition”). The transaction closed on December 2, 2022, resulting in a total gain on sale of $8,744, net of transaction costs. BCE meets the definition of a business under SEC Regulation S-X Rule 11-01(d)-1 and FASB ASC Topic 805 — Business Combinations . This disposition does not represent a strategic shift with a major effect on the Company’s operations, and as such, has not been reflected as a discontinued operation under FASB ASC Subtopic 205-20 — Discontinued Operations . The gain on the BCE Disposition was reported under the Entertainment segment and recorded in Impairment and other gains, net in the condensed consolidated statements of operations. Disposition of Corporate Aircraft On December 30, 2022, the Company sold its owned aircraft for $20,375. In connection with the sale, the Company recognized a loss of $4,332, net of transaction costs. The loss on the aircraft disposition was reported under the Entertainment segment and recorded in Impairment and other gains, net in the condensed consolidated statements of operations.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Dec. 31, 2022
Revenue Recognition [Abstract]
Revenue Recognition	Revenue Recognition Contracts with Customers See Note 2, Summary of Significant Accounting Policies and Note 4, Revenue Recognition, to the consolidated and combined financial statements included in the 2022 Form 10-K for more information regarding the details of the Company’s revenue recognition policies. All revenue recognized in the condensed consolidated statements of operations is considered to be revenue from contracts with customers in accordance with ASC Topic 606, except for revenues from the arena license agreements that require the Knicks and the Rangers to play their home games at The Garden (the “Arena License Agreements”), leases and subleases that are accounted for in accordance with ASC Topic 842. Disaggregation of Revenue The following tables disaggregate the Company’s revenue by major source and reportable segment based upon the timing of transfer of goods or services to the customer for the three and six months ended December 31, 2022 and 2021: Three Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Eliminations Total Event-related and entertainment dining and nightlife offerings (a) $ 238,888 $ — $ 117,365 $ (281) $ 355,972 Sponsorship, signage and suite licenses (b) 68,997 2,404 193 (330) 71,264 Media related, primarily from affiliation agreements (b) — 154,401 — — 154,401 Other (c) 15,353 2,093 18,436 (8,601) 27,281 Total revenues from contracts with customers 323,238 158,898 135,994 (9,212) 608,918 Revenues from Arena License Agreements, leases and subleases 33,280 — — — 33,280 Total revenues $ 356,518 $ 158,898 $ 135,994 $ (9,212) $ 642,198 Three Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Eliminations Total Event-related and entertainment dining and nightlife offerings (a) $ 155,476 $ — $ 108,241 $ (657) $ 263,060 Sponsorship, signage and suite licenses (b) 50,979 1,787 490 (521) 52,735 Media related, primarily from affiliation agreements (b) — 156,202 — — 156,202 Other (c) 11,959 1,992 8,355 (7,060) 15,246 Total revenues from contracts with customers 218,414 159,981 117,086 (8,238) 487,243 Revenues from Arena License Agreements, leases and subleases 29,196 — — — 29,196 Total revenues $ 247,610 $ 159,981 $ 117,086 $ (8,238) $ 516,439 Six Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Eliminations Total Event-related and entertainment dining and nightlife offerings (a) $ 341,678 $ — $ 232,883 $ (329) $ 574,232 Sponsorship, signage and suite licenses (b) 107,389 2,648 996 (744) 110,289 Media related, primarily from affiliation agreements (b) — 276,213 — — 276,213 Other (c) 18,487 2,516 34,766 (9,153) 46,616 Total revenues from contracts with customers 467,554 281,377 268,645 (10,226) 1,007,350 Revenues from Arena License Agreements, leases and subleases 36,066 — — — 36,066 Total revenues $ 503,620 $ 281,377 $ 268,645 $ (10,226) $ 1,043,416 Six Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Eliminations Total Event-related and entertainment dining and nightlife offerings (a) $ 177,492 $ — $ 216,931 $ (838) $ 393,585 Sponsorship, signage and suite licenses (b) 57,956 2,423 625 (521) 60,483 Media related, primarily from affiliation agreements (b) — 296,673 — — 296,673 Other (c) 14,889 2,358 18,994 (7,545) 28,696 Total revenues from contracts with customers 250,337 301,454 236,550 (8,904) 779,437 Revenues from Arena License Agreements, leases and subleases 31,512 — — — 31,512 Total revenues $ 281,849 $ 301,454 $ 236,550 $ (8,904) $ 810,949 _________________ (a) Consists of (i) ticket sales and other ticket-related revenues, (ii) Tao Group Hospitality’s entertainment dining and nightlife offerings, (iii) venue license fees from third-party promoters, and (iv) food, beverage and merchandise sales. Event-related revenues and entertainment dining and nightlife offerings are recognized at a point in time. As such, these revenues have been included in the same category in the table above. (b) See Note 2, Summary of Significant Accounting Policies, Revenue Recognition, and Note 4, Revenue Recognition, to the consolidated and combined financial statements included in the 2022 Form 10-K for further details on the pattern of recognition of sponsorship, signage and suite license revenues and media related revenue. (c) Primarily consists of (i) revenues from sponsorship sales and representation agreements with Madison Square Garden Sports Corp. (“MSG Sports”), (ii) Tao Group Hospitality’s managed venue revenues, and (iii) advertising commission revenues recognized by the Entertainment segment from the MSG Networks segment of $8,426 and $8,802 for the three and six months ended December 31, 2022, respectively, and $6,985 and $7,395 for the three and six months ended December 31, 2021, respectively, that are eliminated in consolidation. In addition to the disaggregation of the Company’s revenue by major source based upon the timing of transfer of goods or services to the customer disclosed above, the following tables disaggregate the Company’s consolidated revenues by type of goods or services in accordance with the required entity-wide disclosure requirements of ASC Subtopic 280-10-50-38 to 40 and the disaggregation of revenue required disclosures in accordance with ASC Subtopic 606-10-50-5 for the three and six months ended December 31, 2022 and 2021: Three Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Eliminations Total Ticketing and venue license fee revenues (a) $ 173,725 $ — $ — $ — $ 173,725 Sponsorship and signage, suite, and advertising commission revenues (b) 92,174 — — (8,756) 83,418 Revenues from entertainment dining and nightlife offerings (c) — — 135,994 (456) 135,538 Food, beverage and merchandise revenues 55,387 — — — 55,387 Media networks revenues (d) — 158,898 — — 158,898 Other 1,952 — — — 1,952 Total revenues from contracts with customers 323,238 158,898 135,994 (9,212) 608,918 Revenues from Arena License Agreements, leases and subleases 33,280 — — — 33,280 Total revenues $ 356,518 $ 158,898 $ 135,994 $ (9,212) $ 642,198 Three Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Eliminations Total Ticketing and venue license fee revenues (a) $ 109,141 $ — $ — $ — $ 109,141 Sponsorship and signage, suite, and advertising commission revenues (b) 70,602 — — (7,506) 63,096 Revenues from entertainment dining and nightlife offerings (c) — — 117,086 (732) 116,354 Food, beverage and merchandise revenues 37,765 — — — 37,765 Media networks revenues (d) — 159,981 — — 159,981 Other 906 — — — 906 Total revenues from contracts with customers 218,414 159,981 117,086 (8,238) 487,243 Revenues from Arena License Agreements, leases and subleases 29,196 — — — 29,196 Total revenues $ 247,610 $ 159,981 $ 117,086 $ (8,238) $ 516,439 Six Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Eliminations Total Ticketing and venue license fee revenues (a) $ 245,857 $ — $ — $ — $ 245,857 Sponsorship and signage, suite, and advertising commission revenues (b) 137,308 — — (9,547) 127,761 Revenues from entertainment dining and nightlife offerings (c) — — 268,645 (679) 267,966 Food, beverage and merchandise revenues 81,690 — — — 81,690 Media networks revenues (d) — 281,377 — — 281,377 Other 2,699 — — — 2,699 Total revenues from contracts with customers 467,554 281,377 268,645 (10,226) 1,007,350 Revenues from Arena License Agreements, leases and subleases 36,066 — — — 36,066 Total revenues $ 503,620 $ 281,377 $ 268,645 $ (10,226) $ 1,043,416 Six Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Eliminations Total Ticketing and venue license fee revenues (a) $ 125,977 $ — $ — $ — $ 125,977 Sponsorship and signage, suite, and advertising commission revenues (b) 81,415 — — (7,916) 73,499 Revenues from entertainment dining and nightlife offerings (c) — — 236,550 (988) 235,562 Food, beverage and merchandise revenues 41,688 — — — 41,688 Media networks revenues (d) — 301,454 — — 301,454 Other 1,257 — — — 1,257 Total revenues from contracts with customers 250,337 301,454 236,550 (8,904) 779,437 Revenues from Arena License Agreements, leases and subleases 31,512 — — — 31,512 Total revenues $ 281,849 $ 301,454 $ 236,550 $ (8,904) $ 810,949 _________________ (a) Amounts include ticket sales, including other ticket-related revenue, and venue license fees from the Company’s events such as (i) concerts (ii) the presentation of the Christmas Spectacular and (iii) other live entertainment and sporting events. (b) Amounts include (i) revenues from sponsorship sales and representation agreements with MSG Sports and (ii) advertising commission revenues recognized by the Entertainment segment from the MSG Networks segment of $8,426 and $8,802 for the three and six months ended December 31, 2022 and $6,985 and $7,395 for the three and six month ended December 31, 2021, respectively, that are eliminated in consolidation. (c) Primarily consist of revenues from (i) entertainment dining and nightlife offerings and (ii) venue management agreements. (d) Primarily consist of affiliation fees from Distributors and, to a lesser extent, advertising revenues through the sale of commercial time and other advertising inventory during MSG Networks programming. Contract Balances The following table provides information about contract balances from the Company’s contracts with customers as of December 31, 2022 and June 30, 2022: December 31, June 30, 2022 2022 Receivables from contracts with customers, net (a) $ 211,296 $ 215,261 Contract assets, current (b) 8,645 5,503 Contract assets, non-current (b) 765 756 Deferred revenue, including non-current portion (c) 210,210 228,703 _________________ (a) Receivables from contracts with customers, which are reported in Accounts receivable and Prepaid expenses and other current assets in the Company’s condensed consolidated balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of December 31, 2022 and June 30, 2022, the Company’s receivables from contracts with customers above included $11,105 and $4,618, respectively, related to various related parties. See Note 14, Related Party Transactions for further details on related party arrangements. (b) Contract assets, which are reported as Prepaid expenses and other current assets or Other non-current assets in the Company’s condensed consolidated balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to customers, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. (c) Deferred revenue primarily relates to the Company’s receipt of consideration from customers in advance of the Company’s transfer of goods or services to the customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to a customer. Revenue recognized for the three and six months ended December 31, 2022 relating to the deferred revenue balance as of June 30, 2022 was $61,873 and $167,459, respectively. Transaction Price Allocated to the Remaining Performance Obligations As of December 31, 2022, the Company’s remaining performance obligations were approximately $634,000 of which 47% is expected to be recognized over the next two years and an additional 37% of the balance to be recognized in the following two years. This primarily relates to performance obligations under sponsorship and suite license arrangements that have original expected durations longer than one year and for which the consideration is not variable. In developing the estimated revenue, the Company applies the allowable practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

Restructuring Charges

Restructuring Charges	6 Months Ended
Restructuring Charges	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During Fiscal Year 2023, the Company implemented a cost reduction program which resulted in the recording of termination benefits for a workforce reduction of certain executives and employees in the Entertainment and MSG Networks Segments. As a result, the Company recorded restructuring charges of $13,682 for the three and six months ended December 31, 2022, inclusive of $2,293 of share-based compensation expenses, none of which have been paid as of December 31, 2022 and are accrued in accounts payable, accrued and other current liabilities and additional paid-in-capital on the balance sheet. Changes to the Company’s restructuring liability through December 31, 2022 were as follows: June 30, 2022 $ 8,081 Restructuring charges (excluding share-based compensation expense) 11,389 Payments (3,079) December 31, 2022 $ 16,391

Investments in Nonconsolidated

Investments in Nonconsolidated Affiliates	6 Months Ended
Investments in Nonconsolidated Affiliates	Dec. 31, 2022
Equity Method Investments, Joint Ventures And Cost Method Investments [Abstract]
Investments in Nonconsolidated Affiliates	Investments in Nonconsolidated Affiliates The Company’s investments in nonconsolidated affiliates, which are accounted for under the equity method of accounting or as equity investments without readily determinable fair value, are included within Other non-current assets in the accompanying condensed consolidated balance sheets and consisted of the following: Investment As of Ownership Percentage December 31, June 30, Equity method investments: SACO Technologies Inc. (“SACO”) 30 % $ 26,423 $ 31,448 Others 4,941 5,248 Equity securities without readily determinable fair values 9,196 7,108 Total investments in nonconsolidated affiliates $ 40,560 $ 43,804 Equity Investments with Readily Determinable Fair Value In addition to the investments discussed above, the Company holds investments in (i) Townsquare Media, Inc. (“Townsquare”), and (ii) DraftKings Inc. (“DraftKings”). • Townsquare is a media, entertainment and digital marketing solutions company that is listed on the New York Stock Exchange (“NYSE”) under the symbol “TSQ.” • DraftKings is a fantasy sports contest and sports gambling provider that is listed on the NASDAQ Stock Market (“NASDAQ”) under the symbol “DKNG” for its common stock. The fair value of the Company’s investments in Class A common stock of Townsquare and Class A common stock of DraftKings are determined based on quoted market prices in active markets on the NYSE and NASDAQ, respectively, which are classified within Level I of the fair value hierarchy. As a holder of Class C common stock of Townsquare, the Company is entitled to convert at any time all or any part of the Company’s shares into an equal number of shares of Class A common stock of Townsquare, subject to restrictions set forth in Townsquare’s certificate of incorporation. The carrying fair value of these investments, which are reported under Other non-current assets in the accompanying condensed balance sheets as of December 31, 2022 and June 30, 2022, are as follows: Equity Investments with Readily Determinable Fair Value December 31, June 30, Townsquare Class A common stock $ 4,228 $ 4,776 Townsquare Class C common stock 19,031 21,499 DraftKings common stock 7,630 10,146 Total Equity Investment with Readily Determinable Fair Values $ 30,889 $ 36,421 The following table summarizes the realized and unrealized (loss) gain on equity investments with and without readily determinable fair value, which is reported in Other expense, net, for the three and six months ended December 31, 2022 and 2021: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Unrealized (loss) gain — Townsquare $ (32) $ 834 $ (3,015) $ 1,861 Unrealized loss — DraftKings (2,512) (17,989) (188) (21,476) Unrealized gain — Other — — 1,969 — Gain from shares sold — DraftKings — — 1,489 — Total realized and unrealized (loss) gain $ (2,544) $ (17,155) $ 255 $ (19,615) Supplemental information on realized gain: Shares of common stock sold — DraftKings — — 200 — Cash proceeds from common stock sold — DraftKings $ — $ — $ 3,819 $ —

Property and Equipment

Property and Equipment	6 Months Ended
Property and Equipment	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment As of December 31, 2022 and June 30, 2022, property and equipment consisted of the following: December 31, June 30, Land $ 139,838 $ 140,239 Buildings 1,065,039 997,345 Equipment, furniture and fixtures 524,266 477,040 Aircraft (a) — 38,090 Leasehold improvements 229,956 232,819 Construction in progress (b) 2,558,838 2,031,972 Total Property and equipment 4,517,937 3,917,505 Less accumulated depreciation and amortization (a) (1,008,464) (978,453) Property and equipment, net $ 3,509,473 $ 2,939,052 _________________ (a) On December 30, 2022, the Company completed the disposition of a corporate aircraft (see Note 3, Dispositions), which resulted in a reduction of gross assets of $38,090, and accumulated depreciation of $13,689. (b) Construction in progress includes labor and interest that are capitalized during the construction period for significant long term construction projects. These costs primarily relate to the construction of MSG Sphere in Las Vegas. For the three and six months ended December 31, 2022, the Company capitalized interest of $29,869 and $50,335 of interest, respectively. For the three and six months ended December 31, 2021, the Company capitalized $10,600 and $19,926 of interest, respectively. The increase in Construction in progress is primarily associated with the development and construction of MSG Sphere in Las Vegas, which includes capitalized labor and interest. The property and equipment balances above include $239,943 and $206,462 of capital expenditure accruals (primarily related to MSG Sphere construction) as of December 31, 2022 and June 30, 2022, respectively, which are reflected in Accounts payable, accrued and other current liabilities in the accompanying condensed consolidated balance sheets. Depreciation and amortization expense on property and equipment was $25,029 and $50,326 for the three and six months ended December 31, 2022, respectively, and $26,100 and $51,221, for the three and six months ended December 31, 2021, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
Goodwill and Intangible Assets	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The carrying amount of goodwill as of December 31, 2022 and June 30, 2022 are as follows: December 31, 2022 June 30, Entertainment $ 74,309 $ 74,309 MSG Networks 424,508 424,508 Tao Group Hospitality 1,364 1,364 Total $ 500,181 $ 500,181 During the first quarter of Fiscal Year 2023, the Company performed its annual impairment test of goodwill and determined that there was no impairment of goodwill identified as of the impairment test date. The carrying amount of indefinite-lived intangible assets, all of which are within the Entertainment segment, as of December 31, 2022 and June 30, 2022 were as follows: December 31, 2022 June 30, Trademarks $ 61,881 $ 61,881 Photographic related rights 1,920 1,920 Total $ 63,801 $ 63,801 During the first quarter of Fiscal Year 2023, the Company performed its annual impairment test of indefinite-lived intangible assets and determined that there was no impairment of indefinite-lived intangibles identified as of the impairment test date. The Company’s intangible assets subject to amortization are as follows: December 31, 2022 Gross Accumulated Net Trade names (a) $ 108,956 $ (32,553) $ 76,403 Venue management contracts 83,963 (26,454) 57,509 Affiliate relationships 83,044 (63,576) 19,468 Non-compete agreements (b) 9,000 (9,000) — Other intangibles (b) 4,217 (4,217) — $ 289,180 $ (135,800) $ 153,380 June 30, 2022 Gross Accumulated Net Trade names $ 112,094 $ (32,143) $ 79,951 Venue management contracts 84,855 (23,546) 61,309 Affiliate relationships 83,044 (62,019) 21,025 Non-compete agreements 9,000 (8,478) 522 Festival rights (a) 8,080 (6,926) 1,154 Other intangibles 4,217 (4,094) 123 $ 301,290 $ (137,206) $ 164,084 _________________ (a) On December 2, 2022, the Company completed the BCE Disposition (see Note 3, Dispositions), which resulted in a reduction of gross assets of $674 related to festival rights and $210 related to trade names, and accumulated amortization of $7,406 related to festival rights and $2,320 related to trade names associated with the BCE Disposition. (b) The Non-compete agreements and Other intangibles gross and accumulated amortization balances were fully amortized.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments See Note 14, Commitments and Contingencies, to the consolidated and combined financial statements included in the 2022 Form 10-K for details on the Company’s off-balance sheet commitments. The Company’s off-balance sheet commitments as of June 30, 2022 included a total of $3,898,281 of contract obligations (primarily related to media rights agreements from the MSG Networks segment). During the three and six months ended December 31, 2022, the Company did not have any material changes in its non-cancelable contractual obligations (other than activities in the ordinary course of business), except for the execution of the MSG Sphere Term Loan Facility (as defined below) on December 22, 2022. See Note 10, Credit Facilities for details of the principal repayments required under the Company’s various credit facilities, including the MSG Sphere Term Loan Facility. Legal Matters Fifteen complaints were filed in connection with the Company’s acquisition of MSG Networks Inc. (the “Merger”) by purported stockholders of the Company and MSG Networks Inc. Nine of these complaints involved allegations of materially incomplete and misleading information set forth in the joint proxy statement/prospectus filed by the Company and MSG Networks Inc. in connection with the Merger. As a result of supplemental disclosures made by the Company and MSG Networks Inc. on July 1, 2021, all of the disclosure actions were voluntarily dismissed with prejudice prior to or shortly following the consummation of the Merger. Six complaints involved allegations of fiduciary breaches in connection with the negotiation and approval of the Merger and have since been consolidated into two remaining litigations. On September 10, 2021, the Court of Chancery entered an order consolidating two derivative complaints filed by purported Company stockholders. The consolidated action is captioned: In re Madison Square Garden Entertainment Corp. Stockholders Litigation , C.A. No. 2021-0468-KSJM. The consolidated plaintiffs filed their Verified Consolidated Derivative Complaint on October 11, 2021. The complaint, which names the Company as only a nominal defendant, retains all of the derivative claims and alleges that the members of the board of directors and controlling stockholders violated their fiduciary duties in the course of negotiating and approving the Merger. Plaintiffs seek, among other relief, an award of damages to the Company including interest, and plaintiffs’ attorneys’ fees. The Company and other defendants filed answers to the complaint on December 30, 2021. The Company substantially completed its production of documents responsive to plaintiffs’ requests on June 24, 2022, and on November 16, 2022, fact discovery closed. The Company continues to be engaged in responding to plaintiffs’ outstanding discovery requests. Pursuant to the indemnity rights in its bylaws and Delaware law, the Company is advancing the costs incurred by defendants in this action, and defendants may assert indemnification rights in respect of any adverse judgment or settlement of the action. On September 27, 2021, the Court of Chancery entered an order consolidating four complaints filed by purported stockholders of MSG Networks Inc. The consolidated action is captioned: In re MSG Networks Inc. Stockholder Class Action Litigation , C.A. No. 2021-0575-KSJM (the “MSG Networks Action”). The consolidated plaintiffs filed their Verified Consolidated Stockholder Class Action Complaint on October 29, 2021. The complaint asserts claims on behalf of a putative class of former MSG Networks Inc. stockholders against each member of the board of directors of MSG Networks Inc. and the controlling stockholders prior to the Merger. Plaintiffs allege that the MSG Networks Inc. board of directors and controlling stockholders breached their fiduciary duties in negotiating and approving the Merger. The Company is not named as a defendant but has been subpoenaed to produce documents and testimony related to the Merger. Plaintiffs seek, among other relief, monetary damages for the putative class and plaintiffs’ attorneys’ fees. Defendants in the MSG Networks Action filed answers to the complaint on December 30, 2021. The Company substantially completed its production of documents responsive to plaintiffs’ requests on June 24, 2022, and on November 16, 2022 fact discovery closed. The Company continues to be engaged in responding to plaintiffs’ outstanding discovery requests. Pursuant to the indemnity rights in its bylaws and Delaware law, the Company is advancing the costs incurred by defendants in this action, and defendants may assert indemnification rights in respect of any adverse judgment or settlement of the action. On September 19, 2022, the Court of Chancery approved a case schedule, governing the two consolidated actions, which set trial dates for April 2023. On January 3, 2023, the Court of Chancery granted the unopposed motion for class certification in the MSG Networks Action. A joint-mediation session is scheduled for February 11 and 12, 2023. On January 12, 2023, the Court of Chancery granted a stipulation and order dismissing former MSG Networks Inc. directors William Bell, Stephen Mills and Hank Ratner from the MSG Networks Action. We are currently unable to determine a range of potential liability, if any, with respect to these Merger-related claims. Accordingly, no accrual for these matters has been made in our financial statements. The Company is a defendant in various other lawsuits. Although the outcome of these other lawsuits cannot be predicted with certainty (including the extent of available insurance, if any), management does not believe that resolution of these other lawsuits will have a material adverse effect on the Company.

Credit Facilities

Credit Facilities	6 Months Ended
Credit Facilities	Dec. 31, 2022
Line of Credit Facility [Abstract]
Credit Facilities	Credit Facilities See Note 15, Credit Facilities, to the consolidated and combined financial statements included in the 2022 Form 10-K for more information regarding the Company’s credit facilities. The following table summarizes the presentation of the outstanding balances under the Company’s credit agreements as of December 31, 2022 and June 30, 2022: December 31, 2022 June 30, Current portion MSG Networks Term Loan $ 82,500 $ 66,000 National Properties Term Loan Facility 16,250 8,125 Tao Term Loan Facility 3,750 3,750 Other debt — 637 Current portion of long-term debt $ 102,500 $ 78,512 December 31, 2022 June 30, 2022 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current portion MSG Networks Term Loan $ 891,000 $ (2,095) $ 888,905 $ 932,250 $ (2,715) $ 929,535 National Properties Term Loan Facility 633,750 (14,452) 619,298 641,875 (16,064) 625,811 National Properties Revolving Credit Facility 29,100 — 29,100 29,100 — 29,100 MSG Sphere Term Loan Facility 275,000 (5,419) 269,581 — — — Tao Term Loan Facility 69,375 (1,008) 68,367 71,250 (1,120) 70,130 Tao Revolving Credit Facility 10,000 — 10,000 10,000 — 10,000 Long-term debt, net of deferred financing costs $ 1,908,225 $ (22,974) $ 1,885,251 $ 1,684,475 $ (19,899) $ 1,664,576 MSG Networks Credit Facilities General. MSGN Holdings, L.P. (“MSGN L.P.”), MSGN Eden, LLC, an indirect subsidiary of the Company and the general partner of MSGN L.P., Regional MSGN Holdings LLC, an indirect subsidiary of the Company and the limited partner of MSGN L.P. (collectively with MSGN Eden, LLC, the “MSGN Holdings Entities”), and certain subsidiaries of MSGN L.P. have senior secured credit facilities pursuant to a credit agreement (as amended and restated on October 11, 2019, the “MSGN Credit Agreement”) consisting of: (i) an initia l $1,100,000 term l oan facility (the “MSGN Term Loan Facility”) and ( ii) a $250,000 revolving credit facility (the “MSGN Revolving Credit Facility” and, together with the MSGN Term Loan Facility, the “MSG Networks Credit Facilities”), each with a term of five years. Up to $35,000 of the MSGN Revolving Credit Facility is available for the issuance of letters of credit. As of December 31, 2022, there were no borrowings or letters of credit issued and outstanding under the MSGN Revolving Credit Facility. Interest Rates. Borrowings under the MSGN Credit Agreement bear interest at a floating rate, which at the option of MSGN L.P. may be either (i) a base rate plus an additional rate ranging from 0.25% to 1.25% per annum (determined based on a total net leverage ratio) (the “MSGN Base Rate”), or (ii) a Eurodollar rate plus an additional rate ranging from 1.25% to 2.25% per annum (determined based on a total net leverage ratio) (the “MSGN Eurodollar Rate”). Upon a payment default in respect of principal, interest or other amounts due and payable under the MSGN Credit Agreement or related loan documents, default interest will accrue on all overdue amounts at an additional rate of 2.00% per annum. The MSGN Credit Agreement requires that MSGN L.P. pay a commitment fee ranging from 0.225% to 0.30% (determined based on a total net leverage ratio) in respect of the average daily unused commitments under the MSGN Revolving Credit Facility. MSGN L.P. will also be required to pay customary letter of credit fees, as well as fronting fees, to banks that issue letters of credit. The interest rate on the MSGN Term Loan Facility as of December 31, 2022 was 6.73% . Principal Repayments. Subject to customary notice and minimum amount conditions, MSGN L.P. may voluntarily repay outstanding loans under the MSGN Credit Agreement at any time, in whole or in part, without premium or penalty (except for customary breakage costs with respect to Eurodollar loans). The MSGN Term Loan Facility amortizes quarterly in accordance with its terms beginning March 31, 2020 through September 30, 2024 with a final maturity date of October 11, 2024. MSGN L.P. is required to make mandatory prepayments in certain circumstances, including without limitation from the net cash proceeds of certain sales of assets (including MSGN Collateral) or casualty insurance and/or condemnation recoveries (subject to certain reinvestment, repair or replacement rights) and the incurrence of certain indebtedness, subject to certain exceptions. Covenants. The MSGN Credit Agreement generally requires the MSGN Holdings Entities and MSGN L.P. and its restricted subsidiaries on a c onsolidated basis to comply with a maximum total leverage ratio of 5.50:1.00, subject, at the option of MSGN L.P. to an upward adjustment to 6.00:1.00 during the continuance of certain events. In addition, the MSGN Credit Agreement requires a minimum interest coverage ratio of 2.00:1.00 for the MSGN Holdings Entities and MSGN L.P. and its restricted subsidiaries on a consolidated basis. As of December 31, 2022, the MSGN Holdings Entities and MSGN L.P. and its restricted subsidiaries on a consolidated basis were in compliance with the covenants. In addition to the financial covenants discussed above, the MSGN Credit Agreement and the related security agreement contain certain customary representations and warranties, affirmative covenants, and events of default. The MSGN Credit Agreement contains certain restrictions on the ability of MSGN L.P. and its restricted subsidiaries to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the MSGN Credit Agreement, including the following: (i) incurring additional indebtedness and contingent liabilities; (ii) creating liens on certain assets; (iii) making investments, loans or advances in or to other persons; (iv) paying dividends and distributions or repurchasing capital stock; (v) changing their lines of business; (vi) engaging in certain transactions with affiliates; (vii) amending specified material agreements; (viii) merging or consolidating; (ix) making certain dispositions; and (x) entering into agreements that restrict the granting of liens. The MSGN Holdings Entities are also subject to customary passive holding company covenants. Guarantors and Collateral. All obligations under the MSGN Credit Agreement are guaranteed by the MSGN Holdings Entities and MSGN L.P.’s existing and future direct and indirect domestic subsidiaries that are not designated as excluded subsidiaries or unrestricted subsidiaries (the “MSGN Subsidiary Guarantors,” and together with the MSGN Holdings Entities, the “MSGN Guarantors”). All obligations under the MSGN Credit Agreement, including the guarantees of those obligations, are secured by certain assets of MSGN L.P. and each MSGN Guarantor (collectively, “MSGN Collateral”), including, but not limited to, a pledge of the equity interests in MSGN L.P. held directly by the Holdings Entities and the equity interests in each MSGN Subsidiary Guarantor held directly or indirectly by MSGN L.P. National Properties Credit Facilities General. On June 30, 2022, MSG National Properties, LLC (“MSG National Properties”) an indirect, wholly-owned subsidiary of the Company, MSG Entertainment Group, LLC (“MSG Entertainment Group”) and certain subsidiaries of MSG National Properties entered into a credit agreement with JP Morgan Chase Bank, N.A., as administrative agent and the lenders and L/C issuers party thereto (the “National Properties Credit Agreement”), providing for a five- year, $650,000 sen ior secured term loan facility (the “National Properties Term Loan Facility”) and a five-year, $100,000 revolving credit facility (the “National Properties Revolving Credit Facility” and, together with the National Properties Term Loan Facility, the “National Properties Credit Facilities”). As of December 31, 2022, outstanding letters of credit were $7,860 and the remaining balance available under the National Properties Revolving Credit Facility was $63,040. Interest Rates. Borrowings under the current National Properties Credit Facilities bear interest at a floating rate, which at the option of MSG National Properties may be either (a) a base rate plus an applicable margin ranging from 1.50% to 2.50%per annum, determined based on the total leverage ratio of MSG National Properties and its restricted subsidiaries (the “National Properties Base Rate”), or (b) Term SOFR plus an applicable margin ranging from 2.50% to 3.50% per annum, determined based on the total leverage ratio of MSG National Properties and its restricted subsidiaries (the “National Properties SOFR Rate”). The National Properties Credit Agreement requires MSG National Properties to pay a commitment fee ranging from 0.30% to 0.50% in respect of the daily unused commitments under the National Properties Revolving Credit Facility. MSG National Properties is also required to pay customary letter of credit fees, as well as fronting fees, to banks that issue letters of credit pursuant to the National Properties Credit Agreement. The interest rate on the National Properties Credit Facilities as of December 31, 2022 was 8.18%. Principal Repayments. Subject to customary notice and minimum amount conditions, MSG National Properties may voluntarily repay outstanding loans under the National Properties Credit Facilities and terminate commitments under the National Properties Revolving Credit Facility, at any time, in whole or in part, subject only to customary breakage costs in the case of prepayment of Term SOFR loans. The principal obligations under the National Properties Term Loan Facility are to be repaid in quarterly installments beginning with the fiscal quarter ending March 31, 2023, in an aggregate amount equal to 2.50% per annum (0.625% per quarter), stepping up to 5.0% per annum (1.25% per quarter) in the fiscal quarter ending September 30, 2025, with the balance due at the maturity of the facility on June 30, 2027. The principal obligations under the National Properties Revolving Credit Facility are due at the maturity of the facility. Under certain circumstances, MSG National Properties is required to make mandatory prepayments on loans outstanding, including prepayments in an amount equal to the net cash proceeds of certain sales of assets or casualty insurance and/or condemnation recoveries (subject to certain reinvestment, repair, or replacement rights), subject to certain exceptions. Covenants. The National Properties Credit Agreement includes financial covenants requiring MSG National Properties and its restricted subsidiaries to maintain a specified minimum liquidity level, a specified minimum debt service coverage ratio and specified maximum total leverage ratio. The minimum liquidity level is set at $50,000, and is tested based on the level of average daily liquidity, consisting of cash and cash equivalents and available revolving commitments, over the last month of each quarter over the life of the National Properties Credit Facilities. The debt service coverage ratio covenant began testing in the fiscal quarter ending December 31, 2022, and is set at a ratio of 2:1 before stepping up to 2.5:1 in the fiscal quarter ending September 30, 2024. The leverage ratio covenant begins testing in the fiscal quarter ending June 30, 2023. It is tested based on the ratio of MSG National Properties and its restricted subsidiaries’ consolidated total indebtedness to adjusted operating income, with an initial maximum ratio of 6:1, stepping down to 5.5:1 in the fiscal quarter ending June 30, 2024 and 4.5:1 in the fiscal quarter ending June 30, 2026. As of December 31, 2022, MSG National Properties and its restricted subsidiaries were in compliance with the covenants of the National Properties Credit Agreement. In addition to the financial covenants discussed above, the National Properties Credit Agreement and the related security agreement contain certain customary representations and warranties, affirmative and negative covenants and events of default. The National Properties Credit Agreement contains certain restrictions on the ability of MSG National Properties and its restricted subsidiaries to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the National Properties Credit Agreement, including the following: (i) incur additional indebtedness; (ii) create liens on certain assets; (iii) make investments, loans or advances in or to other persons; (iv) pay dividends and distributions or repurchase capital stock (which will restrict the ability of MSG National Properties to make cash distributions to the Company); (v) repay, redeem or repurchase certain indebtedness; (vi) change its lines of business; (vii) engage in certain transactions with affiliates; (viii) amend their respective organizational documents; (ix) merge or consolidate; and (x) make certain dispositions. Guarantors and Collateral. All obligations under the National Properties Credit Facilities are guaranteed by MSG Entertainment Group and MSG National Properties’ existing and future direct and indirect domestic subsidiaries, other than the subsidiaries that own The Garden and certain other excluded subsidiaries (the “Subsidiary Guarantors”). All obligations under the National Properties Credit Facilities, including the guarantees of those obligations, are secured by certain of the assets of MSG National Properties and the Subsidiary Guarantors (collectively, “Collateral”) including, but not limited to, a pledge of some or all of the equity interests held directly or indirectly by MSG National Properties in each Subsidiary Guarantor. The Collateral does not include, among other things, any interests in The Garden or the leasehold interests in Radio City Music Hall and the Beacon Theatre. MSG Sphere Term Loan Facility General. On December 22, 2022, MSG Las Vegas, LLC (“MSG LV”), an indirect, wholly-owned subsidiary of the Company, entered into a credit agreement with JP Morgan Chase Bank, N.A., as administrative agent and the lenders party thereto, providing for a five-year, $275,000 senior secured term loan facility (the “MSG Sphere Term Loan Facility”). Interest Rates . Borrowings under the MSG Sphere Term Loan Facility bear interest at a floating rate, which at the option of MSG LV may be either (i) a base rate plus a margin of 3.375% per annum or (ii) adjusted Term SOFR (i.e., Term SOFR plus 0.10%) plus a margin of 4.375% per annum. Principal Repayments . The MSG Sphere Term Loan Facility will mature on December 22, 2027. The principal obligations under the MSG Sphere Term Loan Facility are due at the maturity of the facility, with no amortization payments prior to maturity. Under certain circumstances, MSG LV is required to make mandatory prepayments on the loan, including prepayments in an amount equal to the net cash proceeds of casualty insurance and/or condemnation recoveries (subject to certain reinvestment, repair or replacement rights), subject to certain exceptions. Covenants . The MSG Sphere Term Loan Facility includes financial covenants requiring MSG LV to maintain a specified minimum debt service coverage ratio and requiring MSG Entertainment Group to maintain a specified minimum liquidity level. The debt service coverage ratio covenant begins testing in the fiscal quarter ending December 31, 2023 on a historical basis and, beginning with the first fiscal quarter occurring after the date on which the first ticketed performance or event open to the general public occurs at the MSG Sphere in Las Vegas (the “Opening Date”), is also tested on a prospective basis. Both the historical and prospective debt service coverage ratios are set at 1.35:1. In addition, among other conditions, MSG LV is not permitted to make distributions to MSG Entertainment Group unless the historical and prospective debt service coverage ratios are at least 1.50:1. The minimum liquidity level for MSG Entertainment Group is set at $100,000, with $75,000 required to be held in cash or cash equivalents, which amounts, prior to the Liquidity Covenant Reduction Date (as defined below), must be held in an account pledged as collateral for the MSG Sphere Term Loan Facility until its release upon the Liquidity Covenant Reduction Date (the “Pledged Account”), before stepping down to $50,000, with $25,000 required to be held in cash or cash equivalents, once the MSG Sphere in Las Vegas has been substantially completed and certain of its systems are ready to be used in live, immersive events (the “Liquidity Covenant Reduction Date”). The minimum liquidity level was tested on the closing date and is tested as of the last day of each fiscal quarter thereafter based on MSG Entertainment Group’s unencumbered liquidity, consisting of cash and cash equivalents and available lines of credit, as of such date. In the event the Company completes the spin-off of its traditional live entertainment business currently under consideration (the “MSGE Spin-off”) and retains an economic interest in the live entertainment company (the “Live Entertainment Company Retained Interest”), the Live Entertainment Company Retained Interest will be pledged to secure the MSG Sphere Term Loan Facility until the pledge is released upon the Liquidity Covenant Reduction Date, and a portion of the value of the Live Entertainment Company Retained Interest may also be counted toward the minimum liquidity level. See Note 17, Subsequent Events, for details regarding the MSGE Spin-off. In addition to the covenants described above, the MSG Sphere Term Loan Facility and the related guaranty and security and pledge agreements contain certain customary representations and warranties, affirmative and negative covenants and events of default. The MSG Sphere Term Loan Facility contains certain restrictions on the ability of MSG LV and MSG Entertainment Group to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the MSG Sphere Term Loan Facility and the related guaranty and security and pledge agreements, including the following: (i) incur additional indebtedness; (ii) create liens on the MSG Sphere in Las Vegas, the Live Entertainment Company Retained Interest or the real property intended for development as the MSG Sphere in London; (iii) make investments, loans or advances in or to other persons; (iv) pay dividends and distributions (which will restrict the ability of MSG LV to make cash distributions to the Company); (v) change its lines of business; (vi) engage in certain transactions with affiliates; (vii) amend organizational documents; (viii) merge or consolidate; and (ix) make certain dispositions. Guarantors and Collateral . All obligations under the MSG Sphere Term Loan Facility are guaranteed by MSG Entertainment Group. All obligations under the MSG Sphere Term Loan Facility, including the guarantees of those obligations, are secured by all of the assets of MSG LV and certain assets of MSG Entertainment Group including, but not limited to, MSG LV’s leasehold interest in the land on which the MSG Sphere in Las Vegas is located, a pledge of all of the equity interests held directly by MSG Entertainment Group in MSG LV and, until the Liquidity Covenant Reduction Date, the Pledged Account and a pledge of the Live Entertainment Company Retained Interest following the consummation of the MSGE Spin-off. Tao Credit Facilities General. On June 9, 2022, TAO Group Intermediate Holdings LLC (“TAOIH”) and TAO Group Operating LLC (“TAOG”) entered into an amended and restated credit agreement (the “Restated Tao Senior Credit Agreement”) with JPMorgan Chase Bank, N.A., as agent, and the lenders party thereto. The Restated Tao Senior Credit Agreement provides TAOG with senior secured credit facilities (the “Tao Credit Facilities”) consisting of: (i) an initial $75,000 term loan facility with a term of five years (the “Tao Term Loan Facility”) and (ii) a $60,000 revolving credit facility with a term of five years (the “Tao Revolving Credit Facility”). Up to $5,000 of the Tao Revolving Credit Facility is available for the issuance of letters of credit. As of December 31, 2022, outstanding letters of credit were $750 and the remaining borrowing available under the Tao Revolving Credit Facility was $49,250. Interest Rates. Borrowings under the Restated Tao Senior Credit Agreement bear interest at a floating rate, which at the option of the Senior Borrower may be either (a) a base rate plus an additional rate ranging from 1.50% to 2.00% per annum (determined based on a total leverage ratio) (the “Tao Base Rate”), or (b) a SOFR rate plus an additional rate ranging from 2.50% to 3.00% per annum (determined based on a total leverage ratio) (the “Tao SOFR Rate”). The Restated Tao Senior Credit Agreement requires TAOG to pay a commitment fee of 0.375% in respect of the daily unused commitments under the Tao Revolving Credit Facility (previously 0.50% prior to the amendment on June 9, 2022 ). TAOG is also required to pay customary letter of credit fees, as well as fronting fees, to banks that issue letters of credit pursuant to the Restated Tao Senior Credit Agreement. The interest rate on the Restated Tao Senior Credit Agreement as of December 31, 2022 was 6.92%. Principal Repayments. Subject to customary notice and minimum amount conditions, TAOG may voluntarily repay outstanding loans under the Restated Tao Senior Credit Agreement at any time, in whole or in part, without premium or penalty. The Tao Term Loan Facility amortizes quarterly in accordance with its terms from June 9, 2022 through the maturity date on June 9, 2027. TAOG is required to make mandatory prepayments of the Tao Term Loan Facility from the net cash proceeds of certain sales of assets or casualty insurance and/or condemnation recoveries (in each case, subject to certain reinvestment, repair or replacement rights) and the incurrence of certain indebtedness, subject to certain exceptions. Covenants. The Restated Tao Senior Credit Agreement requires TAOIH to comply with a maximum total leverage ratio of 3.50:1.00, a maximum senior leverage ratio of 2.50:1.00 and a minimum fixed charge coverage ratio of 1.25:1.00. The Restated Tao Senior Credit Agreement, among other things, (i) increased the minimum liquidity for TAOG to $20,000 and maximum capital expenditures to $30,000, with a one year carry forward of $20,000, (ii) increased the basket for the maximum amount of the incremental revolving credit facility to $50,000; and (iii) amended certain other financial covenants regarding leverage to allow up to $10,000 of cash netting. As of December 31, 2022, TAOG, TAOIH and the restricted subsidiaries were in compliance with the covenants of the Restated Tao Senior Credit Agreement. In addition to the financial covenants described above, the Restated Tao Senior Credit Agreement and the related security agreements contain certain customary representations and warranties, affirmative covenants and events of default. The Restated Tao Senior Credit Agreement contains certain restrictions on the ability of TAOIH, TAOG and its restricted subsidiaries to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the Restated Tao Senior Credit Agreement, including, without limitation, the following: (i) incurring additional indebtedness and contingent liabilities; (ii) creating liens on certain assets; (iii) making investments, loans or advances in or to other persons; (iv) paying dividends and distributions or repurchasing capital stock; (v) engaging in certain transactions with affiliates; (vi) amending specified agreements; (vii) merging or consolidating; (viii) making certain dispositions; and (ix) entering into agreements that restrict the granting of liens. Intermediate Holdings is subject to a customary passive holding company covenant. Guarantors and Collateral. All obligations under the Restated Tao Senior Credit Agreement are guaranteed by MSG Entertainment Group, TAOIH and TAOIH’s existing and future direct and indirect domestic subsidiaries (other than (i) TAOG, (ii) domestic subsidiaries substantially all of whose assets consist of controlled foreign corporations and (iii) subsidiaries designated as immaterial subsidiaries or unrestricted subsidiaries) (the “Tao Subsidiary Guarantors,” and together with TAOIH, the “Tao Guarantors”). All obligations under the Restated Tao Senior Credit Agreement, including the guarantees of those obligations, are secured by substantially all of the assets of TAOG and each Tao Guarantor (collectively, “Tao Collateral”), including, but not limited to, a pledge of the equity interests in TAOG held directly by TAOIH and the equity interests in each Tao Subsidiary Guarantor held directly or indirectly by TAOIH. Interest payments and loan principal repayments made by the Company under the credit agreements were as follows: Interest Payments Loan Principal Repayments Six Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 MSG Networks Credit Facilities $ 24,468 $ 8,886 $ 24,750 $ 24,750 National Properties Credit Facilities 22,410 23,141 — 3,250 Tao Credit Facilities 2,259 415 1,875 17,500 $ 49,137 $ 32,442 $ 26,625 $ 45,500 The carrying value and fair value of the Company’s financial instruments reported in the accompanying consolidated balance sheets are as follows: December 31, 2022 June 30, 2022 Carrying Value (a) Fair Carrying Value (a) Fair Liabilities: MSG Networks Credit Facilities $ 973,500 $ 951,596 $ 998,250 $ 958,320 National Properties Credit Facilities 679,100 672,309 679,100 679,100 MSG Sphere Term Loan Facility 275,000 275,000 — — Tao Senior Credit Facilities 83,125 83,428 85,000 82,569 Total Long-term debt $ 2,010,725 $ 1,982,333 $ 1,762,350 $ 1,719,989 _________________ (a) The total carrying value of the Company’s financial instruments as of December 31, 2022 and June 30, 2022 is equal to the current and non-current principal payments for the Company’s credit agreements excluding unamortized deferred financing costs of $22,974 and $19,899, respectively.

Pension Plans and Other Postret

Pension Plans and Other Postretirement Benefit Plan	6 Months Ended
Pension Plans and Other Postretirement Benefit Plan	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Pension Plans and Other Postretirement Benefit Plan	Pension Plans and Other Postretirement Benefit PlanThe Company sponsors several pension, savings and postretirement benefit plans including the Company’s defined benefit pension plans (“MSGE Pension Plans”), postretirement benefit plan (“MSGE Postretirement Plan”), The Madison Square Garden 401(k) Savings Plan and the MSG Sports & Entertainment, LLC Excess Savings Plan (collectively, the “Savings Plans”), and The Madison Square Garden 401(k) Union Plan (the “Union Savings Plan”). See Note 16, Pension Plans and Other Postretirement Benefit Plans, to the consolidated and combined financial statements included in the 2022 Form 10-K for more information regarding these plans. Defined Benefit Pension Plans and Postretirement Benefit Plans The following tables present components of net periodic benefit cost for the Pension Plans and Postretirement Plans included in the accompanying condensed consolidated statements of operations for the three and six months ended December 31, 2022 and 2021. Service cost is recognized in direct operating expenses and selling, general and administrative expenses. All other components of net periodic benefit cost are reported in Other expense, net. Pension Plans Postretirement Plans Three Months Ended Three Months Ended December 31, December 31, 2022 2021 2022 2021 Service cost $ 123 $ 118 $ 15 $ 16 Interest cost 1,189 1,190 19 20 Expected return on plan assets (1,719) (1,719) — — Recognized actuarial loss 501 501 9 9 Net periodic benefit cost $ 94 $ 90 $ 43 $ 45 Pension Plans Postretirement Plans Six Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Service cost $ 246 $ 236 $ 30 $ 32 Interest cost 2,378 2,380 38 40 Expected return on plan assets (3,438) (3,438) — — Recognized actuarial loss 1,002 1,002 18 18 Net periodic benefit cost $ 188 $ 180 $ 86 $ 90 Contributions for Qualified Defined Benefit Plans The Company sponsors two non-contributory, qualified defined benefit pension plans covering certain of its union employees (the “UTT Plan” and the “Networks 1212 Plan,” collectively the “Union Plans”). During the three and six months ended December 31, 2022, the Company contributed $500 to the Networks 1212 Plan. Contributions for Defined Contribution Plans For the three and six months ended December 31, 2022 and 2021, expenses related to the Savings Plans and Union Savings Plan included in the accompanying condensed consolidated statements of operations are as follows: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Savings Plans $ 2,742 $ 2,475 $ 5,307 $ 4,494 Union Savings Plan $ 20 $ 7 $ 38 $ 21

Share-based Compensation

Share-based Compensation	6 Months Ended
Share-based Compensation	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation The Company has three share-based compensation plans: the 2020 Employee Stock Plan, the 2020 Stock Plan for Non-Employee Directors and the MSG Networks Inc. 2010 Employee Stock Plan. See Note 17, Share-based Compensation, to the consolidated and combined financial statement included in the 2022 Form 10-K for more detail on these plans. Share-based compensation expense for the Company’s restricted stock units (“RSUs”), performance stock units (“PSUs”) and/or stock options are recognized in the condensed consolidated statements of operations as a component of direct operating expenses or selling, general and administrative expenses. The following table summarizes the Company’s share-based compensation expense: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Share-based compensation (a) $ 18,185 $ 24,171 $ 33,373 $ 43,699 Intrinsic value of awards vested (b) $ 2,995 $ 492 $ 35,127 $ 32,734 _________________ (a) Share-based compensation excludes costs that have been capitalized of $1,802 and $1,763 for the six months ended December 31, 2022 and 2021, respectively. For the three and six months ended December 31, 2022, share-based compensation also excludes costs of $2,293 that have been reclassified to Restructuring charges in the condensed consolidated statements of operations, as detailed in Note 5, Restructuring Charges. (b) To fulfill required statutory tax withholding obligations for the applicable income and other employment taxes, RSUs and PSUs with an aggregate value of $14,741 and $15,652 were retained by the Company during the six months ended December 31, 2022, and 2021, respectively. The aggregate value of the RSUs and PSUs retained included $305 and $477 related to MSG Sports employees, during the six months ended December 31, 2022, and 2021, respectively. As of December 31, 2022, there was $106,360 of unrecognized compensation cost related to unvested RSUs and PSUs held by the Company’s employees. The cost is expected to be recognized over a weighted-average period of approximately 1.8 years. For the three and six months ended December 31, 2022, weighted-average anti-dilutive shares primarily consisted of approximately 1,671 units and 1,433 units, respectively, of RSUs and stock options and were excluded in the calculation of diluted earnings per share because their effect would have been anti-dilutive. For the three months ended December 31, 2021, weighted-average anti-dilutive shares primarily consisted of approximately 668 units of RSUs and stock options and were excluded in the calculation of diluted earnings per share because their effect would have been anti-dilutive. For the six months ended December 31, 2021 all restricted stock units and stock options were excluded from the anti-dilutive calculation because the Company reported a net loss for the period and, therefore, their impact on reported loss per share would have been antidilutive. An anti-dilutive option exists when the average stock price for the period is less than the exercise price of the option or share. Award Activity RSUs During the six months ended December 31, 2022 and 2021, approximately 650 and 445 RSUs were granted and approximately 546 and 332 RSUs vested, respectively. PSUs During the six months ended December 31, 2022 and 2021, approximately 566 and 422 PSUs were granted and approximately 91 and 77 PSUs vested, respectively.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Preferred Stock The Company is authorized to issue 15,000 shares of preferred stock, par value $0.01. As of December 31, 2022 and June 30, 2022, no shares of preferred stock were outstanding. Stock Repurchase Program On March 31, 2020, the Company’s Board of Directors authorized the repurchase of up to $350,000 of the Company’s Class A Common Stock once the shares of the Company’s Class A Common Stock began “regular way” trading on April 20, 2020. Under the authorization, shares of Class A Common Stock may be purchased from time to time in accordance with applicable insider trading and other securities laws and regulations. The timing and amount of purchases will depend on market conditions and other factors. The Company has not engaged in any share repurchase activities under its share repurchase program to date. Accumulated Other Comprehensive Loss The following table details the components of accumulated other comprehensive loss: Three Months Ended December 31, 2022 Pension Plans and Cumulative Accumulated Balance as of September 30, 2022 $ (39,787) $ (21,194) $ (60,981) Other comprehensive income — 14,803 14,803 Amounts reclassified from accumulated other comprehensive loss (a) 510 — 510 Income tax expense (176) (2,719) (2,895) Other comprehensive income 334 12,084 12,418 Balance as of December 31, 2022 $ (39,453) $ (9,110) $ (48,563) Three Months Ended December 31, 2021 Pension Plans and Cumulative Accumulated Balance as of September 30, 2021 $ (45,009) $ 9,949 $ (35,060) Other comprehensive income — 2,486 2,486 Amounts reclassified from accumulated other comprehensive loss (a) 510 — 510 Income tax expense (97) (471) (568) Other comprehensive income 413 2,015 2,428 Balance as of December 31, 2021 $ (44,596) $ 11,964 $ (32,632) Six Months Ended December 31, 2022 Pension Plans and Cumulative Accumulated Balance as of June 30, 2022 $ (40,287) $ (8,068) $ (48,355) Other comprehensive loss — (1,277) (1,277) Amounts reclassified from accumulated other comprehensive loss (a) 1,020 — 1,020 Income tax (expense) benefit (186) 235 49 Other comprehensive income (loss) 834 (1,042) (208) Balance as of December 31, 2022 $ (39,453) $ (9,110) $ (48,563) Six Months Ended December 31, 2021 Pension Plans and Cumulative Accumulated Balance as of June 30, 2021 $ (45,425) $ 15,153 $ (30,272) Other comprehensive loss — (3,932) (3,932) Amounts reclassified from accumulated other comprehensive loss (a) 1,020 — 1,020 Income tax (expense) benefit (191) 743 552 Other comprehensive income (loss) 829 (3,189) (2,360) Balance as of December 31, 2021 $ (44,596) $ 11,964 $ (32,632) _________________ (a) Amounts reclassified from accumulated other comprehensive loss represent the amortization of net actuarial loss and net unrecognized prior service credit included in net periodic benefit cost, which is reflected under Other income (expense), net in the accompanying condensed consolidated statements of operations (see Note 11, Pension Plans and Other Postretirement Benefit Plans).

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of December 31, 2022, m embers of the Dolan Family, including trusts for the benefit of members of the Dolan family (collectively, the “Dolan Family Group”), for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, collectively beneficially owned 100% of the Company’s outstanding Class B Common Stock and approximately 5.5% of the Company’s outstanding Class A Common Stock (inclusive of options exercisable within 60 days of December 31, 2022). Such shares of the Company’s Class A Common Stock and Class B Common Stock, collectively, represent approximately 72.4% of the aggregate voting power of the Company’s outstanding common stock. Members of the Dolan family are also the controlling stockholders of MSG Sports and AMC Networks Inc. See Note 21, Related Party Transactions, to the consolidated and combined financial statements included in the 2022 Form 10-K for a description of the Company’s current related party arrangements. There have been no material changes in such related party arrangements except as described below. From time to time the Company enters into arrangements with 605, LLC (“605”). James L. Dolan, the Company’s Executive Chairman, Chief Executive Officer and a director, and his spouse, Kristin A. Dolan (a director of the Company), own 50% of 605. Kristin A. Dolan is also the founder and Chief Executive Officer of 605. 605 provides audience measurement and data analytics services to the Company and its subsidiaries in the ordinary course of business. The Company’s Audit Committee approved the entry into one or more agreements with 605 to provide certain data analytics services to the Company for an aggregate amount of up to $1,000. In August 2022, a subsidiary of the Company entered into a three-year agreement with 605, valued at approximately $750, covering several customer analysis projects per year in connection with events held at our venues. The Company expects to engage 605 to provide additional data analytics services in the future. Pursuant to this arrangement, the Company recognized approximately $65 and $135 of expense for the three and six months ended December 31, 2022 and as of December 31, 2022 approximately $135 has been recognized in Prepaid expenses and other current assets. As of June 30, 2022 , the Company had $637 of notes payable with respect to a loan received by BCE from its noncontrolling interest holder. As of December 31, 2022 there were no notes payable with respect to this loan as a result of the BCE Disposition. The Company has also entered into certain commercial agreements with its equity method investment nonconsolidated affiliates in connection with MSG Sphere. The company recorded $22,416 and $28,064 for the three months ended December 31, 2022 and 2021, and $73,086 and $36,741 for the six months ended December 31, 2022 and 2021 , respectively, of capital expenditures in connection with services provided to the Company under these agreements. As of December 31, 2022 and June 30, 2022, accrued capital expenditures associated with related parties were $27,401 and $25,028, respectively, and are reported under Accounts payable, accrued and other current liabilities in the accompanying condensed consolidated balance sheets. Revenues and Operating Expenses The following table summarizes the composition and amounts of the transactions with the Company’s affiliates. These amounts are reflected in revenues and operating expenses in the accompanying condensed consolidated statements of operations for the six months ended December 31, 2022 and 2021: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Revenues $ 41,087 $ 35,099 $ 46,284 $ 39,467 Operating expenses (credits): Media rights fees $ 43,433 $ 40,813 $ 86,200 $ 81,258 Revenue sharing expenses 7,099 5,633 8,286 6,396 Reimbursement under Arena License Agreements (9,357) (8,673) (9,850) (9,050) Cost reimbursement from MSG Sports - per Transition services agreement (9,475) (10,513) (18,992) (19,729) Origination, master control and technical services 1,232 1,208 2,464 2,416 Other operating expenses, net 1,454 792 2,292 2,914 Total operating expenses, net (a) $ 34,386 $ 29,260 $ 70,400 $ 64,205 _________________ (a) Of the total operating expenses, net, $43,808, and $38,992 for three months ended December 31, 2022 and 2021, and $88,807, and $81,197, for the six months ended December 31, 2022 and, 2021, respectively, are included in direct operating expenses in the accompanying condensed consolidated statements of operations, and $(9,422) and $(9,732) for three months ended December 31, 2022 and 2021, and $(18,407) and $(16,992) for the six months ended December 31, 2022 and 2021, respectively, are included as net credits in selling, general and administrative expenses. Revenues The Company record e d $31,825 and $33,149 of revenues under the Arena License Agreements for the three and six months ended December 31, 2022, respectively. In addition to the Arena License Agreements, the Company’s revenues from related parties primarily reflected sponsorship sales and service representation agreements of $6,031 and $8,564 and merchandise sharing revenues of $2,176 and $2,291 with MSG Sports during the three and six months ended December 31, 2022, respectively. The Company also earned sublease revenue from related parties of $611 and $1,222 d uring the three and six months ended December 31, 2022, respectively. The company recorded $27,853 and $29,181 of revenues under the Arena License Agreements for the three and six months ended December 31, 2021, respectively. In addition, the Company recorded revenues under sponsorship sales and service representation agreements of $4,831 and $7,179 and merchandise sharing revenues of $1,395 and $1,452 with MSG Sports during the three and six months ended December 31, 2021, respectively. The Company also earned sublease revenue from related parties of $611 and $1,222 during the three and six months ended December 31, 2021, respectively.

Segment Information

Segment Information	6 Months Ended
Segment Information	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information As of December 31, 2022, the Company was comprised of three reportable segments: Entertainment, MSG Networks and Tao Group Hospitality. The Company takes into account whether two or more operating segments can be aggregated together as one reportable segment as well as the type of discrete financial information that is available and regularly reviewed by its Chief Operating Decision Maker. The Company incurs non-capitalizable content development and technology costs associated with the Company’s MSG Sphere initiative, which are reported in Entertainment. In addition to event-related operating expenses, Entertainment also includes other expenses such as (a) corporate and supporting department operating costs that are attributable to MSG Sphere development and (b) non-event related operating expenses for the Company’s venues, such as (i) rent for the Company’s leased venues, (ii) real estate taxes, (iii) insurance, (iv) utilities, (v) repairs and maintenance, (vi) labor related to the overall management of the venues, and (vii) depreciation and amortization expense related to the Company’s performance venues and certain corporate property, equipment and leasehold improvements. Additionally, the Company does not allocate any purchase accounting adjustments related to business acquisitions to the reporting segments. The Company evaluates segment performance based on several factors, of which the key financial measure is adjusted operating income (loss), a non-GAAP financial measure. We define adjusted operating income (loss) as operating income (loss) excluding: (i) the impact of non-cash straight-line leasing revenue associated with the Arena License Agreements with MSG Sports, (ii) depreciation, amortization and impairments of property and equipment, goodwill and intangible assets, (iii) amortization for capitalized cloud computing arrangement costs, (iv) share-based compensation expense, (v) restructuring charges or credits, (vi) merger and acquisition-related costs, including litigation expenses, (vii) gains or losses on sales or dispositions of businesses and associated settlements, (viii) the impact of purchase accounting adjustments related to business acquisitions, and (ix) gains and losses related to the remeasurement of liabilities under the Company’s Executive Deferred Compensation Plan (which was established in November 2021). The Company believes that given the length of the Arena License Agreements and resulting magnitude of the difference in leasing revenue recognized and cash revenue received, the exclusion of non-cash leasing revenue provides investors with a clearer picture of the Company's operating performance. Management believes that this adjustment is beneficial for other incremental reasons as well. This adjustment provides senior management, investors and analysts with important information regarding a long-term related party agreement with MSG Sports. In addition, this adjustment is included under the Company’s debt covenant compliance calculations and is a component of the performance measures used to evaluate, and compensate, senior management of the Company. The Company believes that the exclusion of share-based compensation expense or benefit allows investors to better track the performance of the various operating units of the Company’s business without regard to the settlement of an obligation that is not expected to be made in cash. The Company eliminates merger and acquisition-related costs, when applicable, because the Company does not consider such costs to be indicative of the ongoing operating performance of the Company as they result from an event that is of a non-recurring nature, thereby enhancing comparability. In addition, management believes that the exclusion of gains and losses related to the remeasurement of liabilities under the Company’s Executive Deferred Compensation Plan, which were included for the first time in Fiscal Year 2022, provides investors with a clearer picture of the Company’s operating performance given that, in accordance with GAAP, gains and losses related to the remeasurement of liabilities under the Company’s Executive Deferred Compensation Plan are recognized in Operating income (loss) whereas gains and losses related to the remeasurement of the assets under the Company’s Executive Deferred Compensation Plan, which are equal to and therefore fully offset the gains and losses related to the remeasurement of liabilities, are recognized in Other income (expense), net, which is not reflected in Operating income (loss). The Company believes adjusted operating income (loss) is an appropriate measure for evaluating the operating performance of its business segments and the Company on a consolidated basis. Adjusted operating income (loss) and similar measures with similar titles are common performance measures used by investors and analysts to analyze the Company’s performance. The Company uses revenues and adjusted operating income (loss) measures as the most important indicators of its business performance, and evaluates management’s effectiveness with specific reference to these indicators. Adjusted operating income (loss) should be viewed as a supplement to and not a substitute for operating income (loss), net income (loss), cash flows from operating activities, and other measures of performance and/or liquidity presented in accordance with GAAP. Since adjusted operating income (loss) is not a measure of performance calculated in accordance with GAAP, this measure may not be comparable to similar measures with similar titles used by other companies. The Company has presented the components that reconcile operating income (loss), the most directly comparable GAAP financial measure, to adjusted operating income (loss). Information as to the operations of the Company’s reportable segments is set forth below. Three Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Hospitality Purchase Inter-segment eliminations Total Revenues $ 356,518 $ 158,898 $ 135,994 $ — $ (9,212) $ 642,198 Direct operating expenses (181,042) (90,400) (76,483) (1,668) 634 (348,959) Selling, general and administrative expenses (109,561) (38,083) (43,166) — 8,377 (182,433) Depreciation and amortization (21,921) (1,637) (5,616) 115 — (29,059) Impairment and other gains, net 5,412 — 473 — — 5,885 Restructuring charges (9,694) (3,988) — — — (13,682) Operating income (loss) $ 39,712 $ 24,790 $ 11,202 $ (1,553) $ (201) $ 73,950 Interest income, net 2,709 Other expense, net (3,853) Income from operations before income taxes $ 72,806 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ 39,712 $ 24,790 $ 11,202 $ (1,553) $ (201) $ 73,950 Add back: Non-cash portion of arena license fees from MSG Sports (a) (12,410) — — — — (12,410) Share-based compensation 12,513 3,298 2,374 — — 18,185 Depreciation and amortization 21,921 1,637 5,616 (115) — 29,059 Impairment and other gains, net (5,412) — (473) — — (5,885) Restructuring charges 9,694 3,988 — — — 13,682 Merger and acquisition related costs, net of insurance recovery (56) 5,544 — — — 5,488 Amortization for capitalized cloud computing costs 191 44 — — — 235 Other purchase accounting adjustments — — — 1,668 — 1,668 Remeasurement of deferred compensation plan liabilities 160 — — — — 160 Adjusted operating income (loss) $ 66,313 $ 39,301 $ 18,719 $ — $ (201) $ 124,132 Other information: Capital expenditures $ 281,369 $ 2,665 $ 5,686 $ — $ — $ 289,720 Three Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Hospitality Purchase Inter-segment eliminations Total Revenues $ 247,610 $ 159,981 $ 117,086 $ — $ (8,238) $ 516,439 Direct operating expenses (147,343) (85,924) (60,880) (3,038) 927 (296,258) Selling, general and administrative expenses (91,516) (37,192) (40,685) — 7,116 (162,277) Depreciation and amortization (19,024) (1,756) (6,243) (3,510) — (30,533) Impairment and other gains, net — — 7,443 536 — 7,979 Operating (loss) income $ (10,273) $ 35,109 $ 16,721 $ (6,012) $ (195) $ 35,350 Interest expense, net (7,394) Other expense, net (18,874) Income from operations before income taxes $ 9,082 Reconciliation of operating (loss) income to adjusted operating income (loss): Operating (loss) income $ (10,273) $ 35,109 $ 16,721 $ (6,012) $ (195) $ 35,350 Add back: Non-cash portion of arena license fees from MSG Sports (a) (11,346) — — — — (11,346) Share-based compensation 16,155 6,058 1,958 — — 24,171 Depreciation and amortization 19,024 1,756 6,243 3,510 — 30,533 Impairment and other gains, net — — (7,443) (536) — (7,979) Merger and acquisition related costs, net of insurance recovery 1,456 875 — — — 2,331 Amortization for capitalized cloud computing costs (34) 44 — — — 10 Other purchase accounting adjustments — — — 3,038 — 3,038 Adjusted operating income (loss) $ 14,982 $ 43,842 $ 17,479 $ — $ (195) $ 76,108 Other information: Capital expenditures $ 166,218 $ 600 $ 8,987 $ — $ — $ 175,805 Six Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Hospitality Purchase Inter-segment eliminations Total Revenues $ 503,620 $ 281,377 $ 268,645 $ — $ (10,226) $ 1,043,416 Direct operating expenses (282,807) (165,820) (153,060) (2,254) 1,081 (602,860) Selling, general and administrative expenses (212,923) (55,899) (86,712) — 8,691 (346,843) Depreciation and amortization (41,204) (3,255) (12,246) (2,109) — (58,814) Impairment and other gains, net 7,412 — 473 — — 7,885 Restructuring charges (9,694) (3,988) — — — (13,682) Operating (loss) income $ (35,596) $ 52,415 $ 17,100 $ (4,363) $ (454) $ 29,102 Interest expense, net 4,496 Other expense, net (2,328) Income from operations before income taxes $ 31,270 Reconciliation of operating (loss) income to adjusted operating income (loss): Operating (loss) income $ (35,596) $ 52,415 $ 17,100 $ (4,363) $ (454) $ 29,102 Add back: Non-cash portion of arena license fees from MSG Sports (a) (12,929) — — — — (12,929) Share-based compensation 23,945 5,002 4,426 — — 33,373 Depreciation and amortization 41,204 3,255 12,246 2,109 — 58,814 Impairment and other gains, net (7,412) — (473) — — (7,885) Restructuring charges 9,694 3,988 — — — 13,682 Merger and acquisition related costs, net of insurance recovery 2,693 7,445 — — — 10,138 Amortization for capitalized cloud computing costs 268 88 — — — 356 Other purchase accounting adjustments — — — 2,254 — 2,254 Remeasurement of deferred compensation plan liabilities 6 — — — — 6 Adjusted operating income (loss) $ 21,873 $ 72,193 $ 33,299 $ — $ (454) $ 126,911 Other information: Capital expenditures $ 546,461 $ 3,892 $ 11,455 $ — $ — $ 561,808 Six Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Hospitality Purchase Inter-segment eliminations Total Revenues $ 281,849 $ 301,454 $ 236,550 $ — $ (8,904) $ 810,949 Direct operating expenses (183,645) (154,347) (121,973) (3,123) 1,069 (462,019) Selling, general and administrative expenses (184,478) (85,167) (74,779) — 7,308 (337,116) Depreciation and amortization (38,680) (3,553) (12,621) (5,109) — (59,963) Impairment and other (losses) gains, net — — (375) 536 — 161 Operating (loss) income $ (124,954) $ 58,387 $ 26,802 $ (7,696) $ (527) $ (47,988) Interest expense, net (15,867) Other expense, net (22,628) Loss from operations before income taxes $ (86,483) Reconciliation of operating (loss) income to adjusted operating (loss) income: Operating (loss) income $ (124,954) $ 58,387 $ 26,802 $ (7,696) $ (527) $ (47,988) Add back: Non-cash portion of arena license fees from MSG Sports (a) (11,889) — — — — (11,889) Share-based compensation 26,298 13,532 3,869 — — 43,699 Depreciation and amortization 38,680 3,553 12,621 5,109 — 59,963 Impairment and other (losses) gains, net — — 375 (536) — (161) Merger and acquisition related costs, net of insurance recovery 15,448 24,075 — — — 39,523 Amortization for capitalized cloud computing costs 7 88 — — — 95 Other purchase accounting adjustments — — — 3,123 — 3,123 Adjusted operating (loss) income $ (56,410) $ 99,635 $ 43,667 $ — $ (527) $ 86,365 Other information: Capital expenditures $ 299,756 $ 2,049 $ 11,271 $ — $ — $ 313,076 _________________ (a) This adjustment represents the non-cash portion of operating lease revenue related to the Company’s Arena License Agreements with MSG Sports. Pursuant to GAAP, recognition of operating lease revenue is recorded on a straight-line basis over the term of the agreement based upon the value of total future payments under the arrangement. As a result, operating lease revenue is comprised of a contractual cash component plus or minus a non-cash component for each period presented. Operating income on a GAAP basis includes lease income of (i) $19,415 and $20,220 of revenue collected in cash for the three and six months ended December 31, 2022, respectively, and $16,507 and $17,293 of revenue collected in cash for the three and six months ended December 31, 2021, respectively, and (ii) a non-cash portion of $12,410 and $12,929 for the three and six months ended December 31, 2022, respectively, and $11,346 and $11,889 for the three and six months ended December 31, 2021, respectively. Concentration of Risk Accounts receivable, net in the accompanying condensed consolidated balance sheets as of December 31, 2022 and June 30, 2022 include amounts due from the following individual customers, substantially derived from the MSG Networks segment, which accounted for the noted percentages of the gross balance: December 31, June 30, Customer A 12 % 12 % Customer B 10 % 10 % For the three and six months ended December 31, 2022, the Company had no customers that accounted for 10% or more of the Company’s revenues. The Company had no customers that accounted for 10% or more of the Company’s revenues for three months ended December 31, 2021. Revenues in the accompanying condensed consolidated statements of operations for the six months ended December 31, 2021 include amounts from the following individual customers, primarily derived from the MSG Networks segment, which accounted for the noted percentages of the total: Six Months Ended December 31, 2022 2021 Customer 1 N/A 11 % Customer 2 N/A 10 %

Additional Financial Informatio

Additional Financial Information	6 Months Ended
Additional Financial Information	Dec. 31, 2022
Additional Financial Information [Abstract]
Additional Financial Information	Additional Financial Information The following table provides a summary of the amounts recorded as cash, cash equivalents and restricted cash. December 31, June 30, Cash and cash equivalents $ 432,173 $ 828,540 Restricted cash 121,563 17,470 Total cash, cash equivalents and restricted cash $ 553,736 $ 846,010 The Company’s c ash, cash equivalents and restricted cash are classified within Level I of the fair value hierarchy as it is valued using observable inputs that reflect quoted prices for identical assets in active markets. The Company’s restricted cash includes cash deposited in escrow accounts. The Company has deposited cash in an interest-bearing escrow account related to credit support, debt facilities, and collateral to its workers compensation and general liability insurance obligations. Prepaid expenses and other current assets consisted of the following: December 31, June 30, Prepaid expenses $ 79,432 $ 86,022 Related party receivables 35,523 32,541 Inventory (a) 14,263 13,511 Notes and other receivables 1,822 2,726 Other 22,928 21,194 Total prepaid expenses and other current assets $ 153,968 $ 155,994 _________________ (a) Inventory is mostly comprised of food and liquor for performance venues and Tao Group Hospitality. Accounts payable, accrued and other current liabilities consisted of the following: December 31, June 30, Accounts payable $ 46,234 $ 31,980 Related party payables 46,783 38,576 Accrued payroll and employee related liabilities 107,524 154,134 Cash due to promoters 34,912 78,428 Capital expenditure accruals 239,943 206,462 Accrued expenses 108,917 79,666 Total accounts payable, accrued and other current liabilities $ 584,313 $ 589,246 Other expense, net includes the following: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Loss on equity method investments $ (1,105) $ (1,774) $ (3,233) $ (2,981) Gains from shares sold — DraftKings — — 1,489 — Net unrealized loss on equity investments with readily determinable fair value (2,544) (17,155) (3,203) (19,615) Unrealized gain on equity investments without readily determinable fair value — — 1,969 — Other (204) 55 650 (32) Total Other expense, net $ (3,853) $ (18,874) $ (2,328) $ (22,628) Income Taxes

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On January 13, 2023, the Company announced that it is moving forward with the spin-off of its traditional live entertainment business from its MSG Sphere, MSG Networks and Tao Group Hospitality businesses. The Company has confidentially submitted an Amended Form 10 Registration Statement with the SEC for the proposed transaction and anticipates filing a publicly available Amended Form 10 Registration Statement with the SEC in February. On January 19, 2023, the Company, through an indirect subsidiary, entered into a three-year convertible loan agreement, for approximately €18,800, with Holoplot GmbH, a related party, and will bear interest of 5% per-annum. On February 6, 2023, the Company announced that it is exploring a potential sale of its majority interest in Tao Group Hospitality. There is no assurance this exploration process will result in a transaction.

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
Accounting Policies (Policies)	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The financial statements of the Company include the accounts of Madison Square Garden Entertainment Corp. and its subsidiaries, which include Tao Group Holdings, LLC and its subsidiaries (“Tao Group Hospitality”) and Boston Calling Events, LLC (“BCE”), until its disposition on December 2, 2022. All significant intercompany transactions and balances have been eliminated in consolidation. The financial statements of the Company include accounts of Tao Group Hospitality, and BCE (up to December 2, 2022) in which the Company has controlling voting interests. The Company’s consolidation criteria are based on authoritative accounting guidance for identifying a controlling financial interest. Tao Group Hospitality and BCE are consolidated with the equity owned by other stockholders shown as redeemable or nonredeemable noncontrolling interests in the accompanying condensed consolidated balance sheets, and the other stockholders’ portion of net earnings (loss) and other comprehensive income (loss) shown as net income (loss) or comprehensive income (loss) attributable to redeemable or nonredeemable noncontrolling interests in the accompanying condensed consolidated statements of operations and condensed consolidated statements of comprehensive income (loss), respectively. The Company disposed of its controlling interest in BCE on December 2, 2022 and these condensed consolidated financial statements reflect the results of operations of BCE until its disposition. See Note 3, Dispositions, for details regarding the disposal. See Note 2, Summary of Significant Accounting Policies, to the consolidated and combined financial statements included in the 2022 Form 10-K regarding the classification of redeemable noncontrolling interests of Tao Group Hospitality.
Use of Estimates	Use of Estimates The preparation of the accompanying financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the provision for credit losses, valuation of investments, goodwill, intangible assets, other long-lived assets, deferred tax assets, pension and other postretirement benefit obligations and the related net periodic benefit cost, and other liabilities. In addition, estimates are used in revenue recognition, rights fees, performance and share-based compensation, depreciation and amortization, litigation matters and other matters, as well as in the valuation of noncontrolling interests resulting from business combination transactions. Management believes its use of estimates in the financial statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s financial statements in future periods.
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies The following is an update to the Company's Summary of Significant Accounting Policies, disclosed in the 2022 Form 10-K. The update primarily reflects the addition of a policy related to production costs for the Company’s Original Immersive Productions. Production Costs for the Company’s Original Immersive Productions The Company defers certain costs during the production phase of its original immersive productions for MSG Sphere that are directly related to production activities. Such costs include, but are not limited to, fees paid to writers, directors, and producers as well as video and music production costs and production specific overhead. Deferred immersive production costs are
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements Recently Issued Accounting Pronouncements No recently issued accounting guidance materially impacted or is expected to impact the Company's financial statements. Recently Adopted Accounting Pronouncements In October 2021 , the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ ASU ”) No. 2021-08, Accounting for Contract Assets and Contract Liabilities From Contracts With Customers . This ASU requires that the acquiring entity in a business combination recognize and measure contract assets and contract liabilities acquired in accordance with ASC Topic 606. This standard was adopted by the Company in the first quarter of Fiscal Year 2023. The adoption of this standard had no impact on the Company’s financial statements.
Revenue, Remaining Performance Obligation	In developing the estimated revenue, the Company applies the allowable practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition (Tables)	Dec. 31, 2022
Revenue Recognition [Abstract]
Disaggregation of Revenue	The following tables disaggregate the Company’s revenue by major source and reportable segment based upon the timing of transfer of goods or services to the customer for the three and six months ended December 31, 2022 and 2021: Three Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Eliminations Total Event-related and entertainment dining and nightlife offerings (a) $ 238,888 $ — $ 117,365 $ (281) $ 355,972 Sponsorship, signage and suite licenses (b) 68,997 2,404 193 (330) 71,264 Media related, primarily from affiliation agreements (b) — 154,401 — — 154,401 Other (c) 15,353 2,093 18,436 (8,601) 27,281 Total revenues from contracts with customers 323,238 158,898 135,994 (9,212) 608,918 Revenues from Arena License Agreements, leases and subleases 33,280 — — — 33,280 Total revenues $ 356,518 $ 158,898 $ 135,994 $ (9,212) $ 642,198 Three Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Eliminations Total Event-related and entertainment dining and nightlife offerings (a) $ 155,476 $ — $ 108,241 $ (657) $ 263,060 Sponsorship, signage and suite licenses (b) 50,979 1,787 490 (521) 52,735 Media related, primarily from affiliation agreements (b) — 156,202 — — 156,202 Other (c) 11,959 1,992 8,355 (7,060) 15,246 Total revenues from contracts with customers 218,414 159,981 117,086 (8,238) 487,243 Revenues from Arena License Agreements, leases and subleases 29,196 — — — 29,196 Total revenues $ 247,610 $ 159,981 $ 117,086 $ (8,238) $ 516,439 Six Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Eliminations Total Event-related and entertainment dining and nightlife offerings (a) $ 341,678 $ — $ 232,883 $ (329) $ 574,232 Sponsorship, signage and suite licenses (b) 107,389 2,648 996 (744) 110,289 Media related, primarily from affiliation agreements (b) — 276,213 — — 276,213 Other (c) 18,487 2,516 34,766 (9,153) 46,616 Total revenues from contracts with customers 467,554 281,377 268,645 (10,226) 1,007,350 Revenues from Arena License Agreements, leases and subleases 36,066 — — — 36,066 Total revenues $ 503,620 $ 281,377 $ 268,645 $ (10,226) $ 1,043,416 Six Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Eliminations Total Event-related and entertainment dining and nightlife offerings (a) $ 177,492 $ — $ 216,931 $ (838) $ 393,585 Sponsorship, signage and suite licenses (b) 57,956 2,423 625 (521) 60,483 Media related, primarily from affiliation agreements (b) — 296,673 — — 296,673 Other (c) 14,889 2,358 18,994 (7,545) 28,696 Total revenues from contracts with customers 250,337 301,454 236,550 (8,904) 779,437 Revenues from Arena License Agreements, leases and subleases 31,512 — — — 31,512 Total revenues $ 281,849 $ 301,454 $ 236,550 $ (8,904) $ 810,949 _________________ (a) Consists of (i) ticket sales and other ticket-related revenues, (ii) Tao Group Hospitality’s entertainment dining and nightlife offerings, (iii) venue license fees from third-party promoters, and (iv) food, beverage and merchandise sales. Event-related revenues and entertainment dining and nightlife offerings are recognized at a point in time. As such, these revenues have been included in the same category in the table above. (b) See Note 2, Summary of Significant Accounting Policies, Revenue Recognition, and Note 4, Revenue Recognition, to the consolidated and combined financial statements included in the 2022 Form 10-K for further details on the pattern of recognition of sponsorship, signage and suite license revenues and media related revenue. (c) Primarily consists of (i) revenues from sponsorship sales and representation agreements with Madison Square Garden Sports Corp. (“MSG Sports”), (ii) Tao Group Hospitality’s managed venue revenues, and (iii) advertising commission revenues recognized by the Entertainment segment from the MSG Networks segment of $8,426 and $8,802 for the three and six months ended December 31, 2022, respectively, and $6,985 and $7,395 for the three and six months ended December 31, 2021, respectively, that are eliminated in consolidation. In addition to the disaggregation of the Company’s revenue by major source based upon the timing of transfer of goods or services to the customer disclosed above, the following tables disaggregate the Company’s consolidated revenues by type of goods or services in accordance with the required entity-wide disclosure requirements of ASC Subtopic 280-10-50-38 to 40 and the disaggregation of revenue required disclosures in accordance with ASC Subtopic 606-10-50-5 for the three and six months ended December 31, 2022 and 2021: Three Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Eliminations Total Ticketing and venue license fee revenues (a) $ 173,725 $ — $ — $ — $ 173,725 Sponsorship and signage, suite, and advertising commission revenues (b) 92,174 — — (8,756) 83,418 Revenues from entertainment dining and nightlife offerings (c) — — 135,994 (456) 135,538 Food, beverage and merchandise revenues 55,387 — — — 55,387 Media networks revenues (d) — 158,898 — — 158,898 Other 1,952 — — — 1,952 Total revenues from contracts with customers 323,238 158,898 135,994 (9,212) 608,918 Revenues from Arena License Agreements, leases and subleases 33,280 — — — 33,280 Total revenues $ 356,518 $ 158,898 $ 135,994 $ (9,212) $ 642,198 Three Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Eliminations Total Ticketing and venue license fee revenues (a) $ 109,141 $ — $ — $ — $ 109,141 Sponsorship and signage, suite, and advertising commission revenues (b) 70,602 — — (7,506) 63,096 Revenues from entertainment dining and nightlife offerings (c) — — 117,086 (732) 116,354 Food, beverage and merchandise revenues 37,765 — — — 37,765 Media networks revenues (d) — 159,981 — — 159,981 Other 906 — — — 906 Total revenues from contracts with customers 218,414 159,981 117,086 (8,238) 487,243 Revenues from Arena License Agreements, leases and subleases 29,196 — — — 29,196 Total revenues $ 247,610 $ 159,981 $ 117,086 $ (8,238) $ 516,439 Six Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Eliminations Total Ticketing and venue license fee revenues (a) $ 245,857 $ — $ — $ — $ 245,857 Sponsorship and signage, suite, and advertising commission revenues (b) 137,308 — — (9,547) 127,761 Revenues from entertainment dining and nightlife offerings (c) — — 268,645 (679) 267,966 Food, beverage and merchandise revenues 81,690 — — — 81,690 Media networks revenues (d) — 281,377 — — 281,377 Other 2,699 — — — 2,699 Total revenues from contracts with customers 467,554 281,377 268,645 (10,226) 1,007,350 Revenues from Arena License Agreements, leases and subleases 36,066 — — — 36,066 Total revenues $ 503,620 $ 281,377 $ 268,645 $ (10,226) $ 1,043,416 Six Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Eliminations Total Ticketing and venue license fee revenues (a) $ 125,977 $ — $ — $ — $ 125,977 Sponsorship and signage, suite, and advertising commission revenues (b) 81,415 — — (7,916) 73,499 Revenues from entertainment dining and nightlife offerings (c) — — 236,550 (988) 235,562 Food, beverage and merchandise revenues 41,688 — — — 41,688 Media networks revenues (d) — 301,454 — — 301,454 Other 1,257 — — — 1,257 Total revenues from contracts with customers 250,337 301,454 236,550 (8,904) 779,437 Revenues from Arena License Agreements, leases and subleases 31,512 — — — 31,512 Total revenues $ 281,849 $ 301,454 $ 236,550 $ (8,904) $ 810,949 _________________ (a) Amounts include ticket sales, including other ticket-related revenue, and venue license fees from the Company’s events such as (i) concerts (ii) the presentation of the Christmas Spectacular and (iii) other live entertainment and sporting events. (b) Amounts include (i) revenues from sponsorship sales and representation agreements with MSG Sports and (ii) advertising commission revenues recognized by the Entertainment segment from the MSG Networks segment of $8,426 and $8,802 for the three and six months ended December 31, 2022 and $6,985 and $7,395 for the three and six month ended December 31, 2021, respectively, that are eliminated in consolidation. (c) Primarily consist of revenues from (i) entertainment dining and nightlife offerings and (ii) venue management agreements. (d) Primarily consist of affiliation fees from Distributors and, to a lesser extent, advertising revenues through the sale of commercial time and other advertising inventory during MSG Networks programming.
Contract with Customer, Contract Assets and Liabilities	The following table provides information about contract balances from the Company’s contracts with customers as of December 31, 2022 and June 30, 2022: December 31, June 30, 2022 2022 Receivables from contracts with customers, net (a) $ 211,296 $ 215,261 Contract assets, current (b) 8,645 5,503 Contract assets, non-current (b) 765 756 Deferred revenue, including non-current portion (c) 210,210 228,703 _________________ (a) Receivables from contracts with customers, which are reported in Accounts receivable and Prepaid expenses and other current assets in the Company’s condensed consolidated balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of December 31, 2022 and June 30, 2022, the Company’s receivables from contracts with customers above included $11,105 and $4,618, respectively, related to various related parties. See Note 14, Related Party Transactions for further details on related party arrangements. (b) Contract assets, which are reported as Prepaid expenses and other current assets or Other non-current assets in the Company’s condensed consolidated balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to customers, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional.

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
Restructuring Charges (Tables)	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Charges	Changes to the Company’s restructuring liability through December 31, 2022 were as follows: June 30, 2022 $ 8,081 Restructuring charges (excluding share-based compensation expense) 11,389 Payments (3,079) December 31, 2022 $ 16,391

Investments in Nonconsolidate_2

Investments in Nonconsolidated Affiliates (Tables)	6 Months Ended
Investments in Nonconsolidated Affiliates (Tables)	Dec. 31, 2022
Equity Method Investments, Joint Ventures And Cost Method Investments [Abstract]
Cost and Equity Method Investments	The Company’s investments in nonconsolidated affiliates, which are accounted for under the equity method of accounting or as equity investments without readily determinable fair value, are included within Other non-current assets in the accompanying condensed consolidated balance sheets and consisted of the following: Investment As of Ownership Percentage December 31, June 30, Equity method investments: SACO Technologies Inc. (“SACO”) 30 % $ 26,423 $ 31,448 Others 4,941 5,248 Equity securities without readily determinable fair values 9,196 7,108 Total investments in nonconsolidated affiliates $ 40,560 $ 43,804
Equity Securities with Readily Determinable Fair Value	The carrying fair value of these investments, which are reported under Other non-current assets in the accompanying condensed balance sheets as of December 31, 2022 and June 30, 2022, are as follows: Equity Investments with Readily Determinable Fair Value December 31, June 30, Townsquare Class A common stock $ 4,228 $ 4,776 Townsquare Class C common stock 19,031 21,499 DraftKings common stock 7,630 10,146 Total Equity Investment with Readily Determinable Fair Values $ 30,889 $ 36,421
Gain (Loss) on Securities	The following table summarizes the realized and unrealized (loss) gain on equity investments with and without readily determinable fair value, which is reported in Other expense, net, for the three and six months ended December 31, 2022 and 2021: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Unrealized (loss) gain — Townsquare $ (32) $ 834 $ (3,015) $ 1,861 Unrealized loss — DraftKings (2,512) (17,989) (188) (21,476) Unrealized gain — Other — — 1,969 — Gain from shares sold — DraftKings — — 1,489 — Total realized and unrealized (loss) gain $ (2,544) $ (17,155) $ 255 $ (19,615) Supplemental information on realized gain: Shares of common stock sold — DraftKings — — 200 — Cash proceeds from common stock sold — DraftKings $ — $ — $ 3,819 $ —

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
Property and Equipment (Tables)	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	As of December 31, 2022 and June 30, 2022, property and equipment consisted of the following: December 31, June 30, Land $ 139,838 $ 140,239 Buildings 1,065,039 997,345 Equipment, furniture and fixtures 524,266 477,040 Aircraft (a) — 38,090 Leasehold improvements 229,956 232,819 Construction in progress (b) 2,558,838 2,031,972 Total Property and equipment 4,517,937 3,917,505 Less accumulated depreciation and amortization (a) (1,008,464) (978,453) Property and equipment, net $ 3,509,473 $ 2,939,052 _________________ (a) On December 30, 2022, the Company completed the disposition of a corporate aircraft (see Note 3, Dispositions), which resulted in a reduction of gross assets of $38,090, and accumulated depreciation of $13,689. (b) Construction in progress includes labor and interest that are capitalized during the construction period for significant long term construction projects. These costs primarily relate to the construction of MSG Sphere in Las Vegas. For the three and six months ended December 31, 2022, the Company capitalized interest of $29,869 and $50,335 of interest, respectively. For the three and six months ended December 31, 2021, the Company capitalized $10,600 and $19,926 of interest, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
Goodwill and Intangible Assets (Tables)	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill by Reportable Segment	The carrying amount of goodwill as of December 31, 2022 and June 30, 2022 are as follows: December 31, 2022 June 30, Entertainment $ 74,309 $ 74,309 MSG Networks 424,508 424,508 Tao Group Hospitality 1,364 1,364 Total $ 500,181 $ 500,181
Schedule of Indefinite-Lived Intangible Assets	The carrying amount of indefinite-lived intangible assets, all of which are within the Entertainment segment, as of December 31, 2022 and June 30, 2022 were as follows: December 31, 2022 June 30, Trademarks $ 61,881 $ 61,881 Photographic related rights 1,920 1,920 Total $ 63,801 $ 63,801
Schedule of Intangible Assets Subject to Amortization	The Company’s intangible assets subject to amortization are as follows: December 31, 2022 Gross Accumulated Net Trade names (a) $ 108,956 $ (32,553) $ 76,403 Venue management contracts 83,963 (26,454) 57,509 Affiliate relationships 83,044 (63,576) 19,468 Non-compete agreements (b) 9,000 (9,000) — Other intangibles (b) 4,217 (4,217) — $ 289,180 $ (135,800) $ 153,380 June 30, 2022 Gross Accumulated Net Trade names $ 112,094 $ (32,143) $ 79,951 Venue management contracts 84,855 (23,546) 61,309 Affiliate relationships 83,044 (62,019) 21,025 Non-compete agreements 9,000 (8,478) 522 Festival rights (a) 8,080 (6,926) 1,154 Other intangibles 4,217 (4,094) 123 $ 301,290 $ (137,206) $ 164,084 _________________ (a) On December 2, 2022, the Company completed the BCE Disposition (see Note 3, Dispositions), which resulted in a reduction of gross assets of $674 related to festival rights and $210 related to trade names, and accumulated amortization of $7,406 related to festival rights and $2,320 related to trade names associated with the BCE Disposition. (b) The Non-compete agreements and Other intangibles gross and accumulated amortization balances were fully amortized.

Credit Facilities (Tables)

Credit Facilities (Tables)	6 Months Ended
Credit Facilities (Tables)	Dec. 31, 2022
Line of Credit Facility [Abstract]
Schedule of Debt Outstanding and Deferred Financing Costs	The following table summarizes the presentation of the outstanding balances under the Company’s credit agreements as of December 31, 2022 and June 30, 2022: December 31, 2022 June 30, Current portion MSG Networks Term Loan $ 82,500 $ 66,000 National Properties Term Loan Facility 16,250 8,125 Tao Term Loan Facility 3,750 3,750 Other debt — 637 Current portion of long-term debt $ 102,500 $ 78,512 December 31, 2022 June 30, 2022 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current portion MSG Networks Term Loan $ 891,000 $ (2,095) $ 888,905 $ 932,250 $ (2,715) $ 929,535 National Properties Term Loan Facility 633,750 (14,452) 619,298 641,875 (16,064) 625,811 National Properties Revolving Credit Facility 29,100 — 29,100 29,100 — 29,100 MSG Sphere Term Loan Facility 275,000 (5,419) 269,581 — — — Tao Term Loan Facility 69,375 (1,008) 68,367 71,250 (1,120) 70,130 Tao Revolving Credit Facility 10,000 — 10,000 10,000 — 10,000 Long-term debt, net of deferred financing costs $ 1,908,225 $ (22,974) $ 1,885,251 $ 1,684,475 $ (19,899) $ 1,664,576
Interest Payments and Loan Principal Repayments	Interest payments and loan principal repayments made by the Company under the credit agreements were as follows: Interest Payments Loan Principal Repayments Six Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 MSG Networks Credit Facilities $ 24,468 $ 8,886 $ 24,750 $ 24,750 National Properties Credit Facilities 22,410 23,141 — 3,250 Tao Credit Facilities 2,259 415 1,875 17,500 $ 49,137 $ 32,442 $ 26,625 $ 45,500 The carrying value and fair value of the Company’s financial instruments reported in the accompanying consolidated balance sheets are as follows: December 31, 2022 June 30, 2022 Carrying Value (a) Fair Carrying Value (a) Fair Liabilities: MSG Networks Credit Facilities $ 973,500 $ 951,596 $ 998,250 $ 958,320 National Properties Credit Facilities 679,100 672,309 679,100 679,100 MSG Sphere Term Loan Facility 275,000 275,000 — — Tao Senior Credit Facilities 83,125 83,428 85,000 82,569 Total Long-term debt $ 2,010,725 $ 1,982,333 $ 1,762,350 $ 1,719,989 _________________ (a) The total carrying value of the Company’s financial instruments as of December 31, 2022 and June 30, 2022

Pension Plans and Other Postr_2

Pension Plans and Other Postretirement Benefit Plan (Tables)	6 Months Ended
	Dec. 31, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Schedule of Net Periodic Benefit Cost	The following tables present components of net periodic benefit cost for the Pension Plans and Postretirement Plans included in the accompanying condensed consolidated statements of operations for the three and six months ended December 31, 2022 and 2021. Service cost is recognized in direct operating expenses and selling, general and administrative expenses. All other components of net periodic benefit cost are reported in Other expense, net. Pension Plans Postretirement Plans Three Months Ended Three Months Ended December 31, December 31, 2022 2021 2022 2021 Service cost $ 123 $ 118 $ 15 $ 16 Interest cost 1,189 1,190 19 20 Expected return on plan assets (1,719) (1,719) — — Recognized actuarial loss 501 501 9 9 Net periodic benefit cost $ 94 $ 90 $ 43 $ 45 Pension Plans Postretirement Plans Six Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Service cost $ 246 $ 236 $ 30 $ 32 Interest cost 2,378 2,380 38 40 Expected return on plan assets (3,438) (3,438) — — Recognized actuarial loss 1,002 1,002 18 18 Net periodic benefit cost $ 188 $ 180 $ 86 $ 90
Schedule of Defined Contribution Plans	For the three and six months ended December 31, 2022 and 2021, expenses related to the Savings Plans and Union Savings Plan included in the accompanying condensed consolidated statements of operations are as follows: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Savings Plans $ 2,742 $ 2,475 $ 5,307 $ 4,494 Union Savings Plan $ 20 $ 7 $ 38 $ 21

Share-based Compensation (Table

Share-based Compensation (Tables)	6 Months Ended
Share-based Compensation (Tables)	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation Expense	The following table summarizes the Company’s share-based compensation expense: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Share-based compensation (a) $ 18,185 $ 24,171 $ 33,373 $ 43,699 Intrinsic value of awards vested (b) $ 2,995 $ 492 $ 35,127 $ 32,734 _________________ (a) Share-based compensation excludes costs that have been capitalized of $1,802 and $1,763 for the six months ended December 31, 2022 and 2021, respectively. For the three and six months ended December 31, 2022, share-based compensation also excludes costs of $2,293 that have been reclassified to Restructuring charges in the condensed consolidated statements of operations, as detailed in Note 5, Restructuring Charges. (b) To fulfill required statutory tax withholding obligations for the applicable income and other employment taxes, RSUs and PSUs with an aggregate value of $14,741 and $15,652 were retained by the Company during the six months ended December 31, 2022, and 2021, respectively. The aggregate value of the RSUs and PSUs retained included $305 and $477 related to MSG Sports employees, during the six months ended December 31, 2022, and 2021, respectively.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
Stockholders' Equity (Tables)	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table details the components of accumulated other comprehensive loss: Three Months Ended December 31, 2022 Pension Plans and Cumulative Accumulated Balance as of September 30, 2022 $ (39,787) $ (21,194) $ (60,981) Other comprehensive income — 14,803 14,803 Amounts reclassified from accumulated other comprehensive loss (a) 510 — 510 Income tax expense (176) (2,719) (2,895) Other comprehensive income 334 12,084 12,418 Balance as of December 31, 2022 $ (39,453) $ (9,110) $ (48,563) Three Months Ended December 31, 2021 Pension Plans and Cumulative Accumulated Balance as of September 30, 2021 $ (45,009) $ 9,949 $ (35,060) Other comprehensive income — 2,486 2,486 Amounts reclassified from accumulated other comprehensive loss (a) 510 — 510 Income tax expense (97) (471) (568) Other comprehensive income 413 2,015 2,428 Balance as of December 31, 2021 $ (44,596) $ 11,964 $ (32,632) Six Months Ended December 31, 2022 Pension Plans and Cumulative Accumulated Balance as of June 30, 2022 $ (40,287) $ (8,068) $ (48,355) Other comprehensive loss — (1,277) (1,277) Amounts reclassified from accumulated other comprehensive loss (a) 1,020 — 1,020 Income tax (expense) benefit (186) 235 49 Other comprehensive income (loss) 834 (1,042) (208) Balance as of December 31, 2022 $ (39,453) $ (9,110) $ (48,563) Six Months Ended December 31, 2021 Pension Plans and Cumulative Accumulated Balance as of June 30, 2021 $ (45,425) $ 15,153 $ (30,272) Other comprehensive loss — (3,932) (3,932) Amounts reclassified from accumulated other comprehensive loss (a) 1,020 — 1,020 Income tax (expense) benefit (191) 743 552 Other comprehensive income (loss) 829 (3,189) (2,360) Balance as of December 31, 2021 $ (44,596) $ 11,964 $ (32,632) _________________ (a) Amounts reclassified from accumulated other comprehensive loss represent the amortization of net actuarial loss and net unrecognized prior service credit included in net periodic benefit cost, which is reflected under Other income (expense), net in the accompanying condensed consolidated statements of operations (see Note 11, Pension Plans and Other Postretirement Benefit Plans).

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
Related Party Transactions (Tables)	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes the composition and amounts of the transactions with the Company’s affiliates. These amounts are reflected in revenues and operating expenses in the accompanying condensed consolidated statements of operations for the six months ended December 31, 2022 and 2021: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Revenues $ 41,087 $ 35,099 $ 46,284 $ 39,467 Operating expenses (credits): Media rights fees $ 43,433 $ 40,813 $ 86,200 $ 81,258 Revenue sharing expenses 7,099 5,633 8,286 6,396 Reimbursement under Arena License Agreements (9,357) (8,673) (9,850) (9,050) Cost reimbursement from MSG Sports - per Transition services agreement (9,475) (10,513) (18,992) (19,729) Origination, master control and technical services 1,232 1,208 2,464 2,416 Other operating expenses, net 1,454 792 2,292 2,914 Total operating expenses, net (a) $ 34,386 $ 29,260 $ 70,400 $ 64,205 _________________ (a) Of the total operating expenses, net, $43,808, and $38,992 for three months ended December 31, 2022 and 2021, and $88,807, and $81,197, for the six months ended December 31, 2022 and, 2021, respectively, are included in direct operating expenses in the accompanying condensed consolidated statements of operations, and $(9,422) and $(9,732) for three months ended December 31, 2022 and 2021, and $(18,407) and $(16,992) for the six months ended December 31, 2022 and 2021, respectively, are included as net credits in selling, general and administrative expenses.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information, by Segment	Three Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Hospitality Purchase Inter-segment eliminations Total Revenues $ 356,518 $ 158,898 $ 135,994 $ — $ (9,212) $ 642,198 Direct operating expenses (181,042) (90,400) (76,483) (1,668) 634 (348,959) Selling, general and administrative expenses (109,561) (38,083) (43,166) — 8,377 (182,433) Depreciation and amortization (21,921) (1,637) (5,616) 115 — (29,059) Impairment and other gains, net 5,412 — 473 — — 5,885 Restructuring charges (9,694) (3,988) — — — (13,682) Operating income (loss) $ 39,712 $ 24,790 $ 11,202 $ (1,553) $ (201) $ 73,950 Interest income, net 2,709 Other expense, net (3,853) Income from operations before income taxes $ 72,806 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating income (loss) $ 39,712 $ 24,790 $ 11,202 $ (1,553) $ (201) $ 73,950 Add back: Non-cash portion of arena license fees from MSG Sports (a) (12,410) — — — — (12,410) Share-based compensation 12,513 3,298 2,374 — — 18,185 Depreciation and amortization 21,921 1,637 5,616 (115) — 29,059 Impairment and other gains, net (5,412) — (473) — — (5,885) Restructuring charges 9,694 3,988 — — — 13,682 Merger and acquisition related costs, net of insurance recovery (56) 5,544 — — — 5,488 Amortization for capitalized cloud computing costs 191 44 — — — 235 Other purchase accounting adjustments — — — 1,668 — 1,668 Remeasurement of deferred compensation plan liabilities 160 — — — — 160 Adjusted operating income (loss) $ 66,313 $ 39,301 $ 18,719 $ — $ (201) $ 124,132 Other information: Capital expenditures $ 281,369 $ 2,665 $ 5,686 $ — $ — $ 289,720 Three Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Hospitality Purchase Inter-segment eliminations Total Revenues $ 247,610 $ 159,981 $ 117,086 $ — $ (8,238) $ 516,439 Direct operating expenses (147,343) (85,924) (60,880) (3,038) 927 (296,258) Selling, general and administrative expenses (91,516) (37,192) (40,685) — 7,116 (162,277) Depreciation and amortization (19,024) (1,756) (6,243) (3,510) — (30,533) Impairment and other gains, net — — 7,443 536 — 7,979 Operating (loss) income $ (10,273) $ 35,109 $ 16,721 $ (6,012) $ (195) $ 35,350 Interest expense, net (7,394) Other expense, net (18,874) Income from operations before income taxes $ 9,082 Reconciliation of operating (loss) income to adjusted operating income (loss): Operating (loss) income $ (10,273) $ 35,109 $ 16,721 $ (6,012) $ (195) $ 35,350 Add back: Non-cash portion of arena license fees from MSG Sports (a) (11,346) — — — — (11,346) Share-based compensation 16,155 6,058 1,958 — — 24,171 Depreciation and amortization 19,024 1,756 6,243 3,510 — 30,533 Impairment and other gains, net — — (7,443) (536) — (7,979) Merger and acquisition related costs, net of insurance recovery 1,456 875 — — — 2,331 Amortization for capitalized cloud computing costs (34) 44 — — — 10 Other purchase accounting adjustments — — — 3,038 — 3,038 Adjusted operating income (loss) $ 14,982 $ 43,842 $ 17,479 $ — $ (195) $ 76,108 Other information: Capital expenditures $ 166,218 $ 600 $ 8,987 $ — $ — $ 175,805 Six Months Ended December 31, 2022 Entertainment MSG Networks Tao Group Hospitality Purchase Inter-segment eliminations Total Revenues $ 503,620 $ 281,377 $ 268,645 $ — $ (10,226) $ 1,043,416 Direct operating expenses (282,807) (165,820) (153,060) (2,254) 1,081 (602,860) Selling, general and administrative expenses (212,923) (55,899) (86,712) — 8,691 (346,843) Depreciation and amortization (41,204) (3,255) (12,246) (2,109) — (58,814) Impairment and other gains, net 7,412 — 473 — — 7,885 Restructuring charges (9,694) (3,988) — — — (13,682) Operating (loss) income $ (35,596) $ 52,415 $ 17,100 $ (4,363) $ (454) $ 29,102 Interest expense, net 4,496 Other expense, net (2,328) Income from operations before income taxes $ 31,270 Reconciliation of operating (loss) income to adjusted operating income (loss): Operating (loss) income $ (35,596) $ 52,415 $ 17,100 $ (4,363) $ (454) $ 29,102 Add back: Non-cash portion of arena license fees from MSG Sports (a) (12,929) — — — — (12,929) Share-based compensation 23,945 5,002 4,426 — — 33,373 Depreciation and amortization 41,204 3,255 12,246 2,109 — 58,814 Impairment and other gains, net (7,412) — (473) — — (7,885) Restructuring charges 9,694 3,988 — — — 13,682 Merger and acquisition related costs, net of insurance recovery 2,693 7,445 — — — 10,138 Amortization for capitalized cloud computing costs 268 88 — — — 356 Other purchase accounting adjustments — — — 2,254 — 2,254 Remeasurement of deferred compensation plan liabilities 6 — — — — 6 Adjusted operating income (loss) $ 21,873 $ 72,193 $ 33,299 $ — $ (454) $ 126,911 Other information: Capital expenditures $ 546,461 $ 3,892 $ 11,455 $ — $ — $ 561,808 Six Months Ended December 31, 2021 Entertainment MSG Networks Tao Group Hospitality Purchase Inter-segment eliminations Total Revenues $ 281,849 $ 301,454 $ 236,550 $ — $ (8,904) $ 810,949 Direct operating expenses (183,645) (154,347) (121,973) (3,123) 1,069 (462,019) Selling, general and administrative expenses (184,478) (85,167) (74,779) — 7,308 (337,116) Depreciation and amortization (38,680) (3,553) (12,621) (5,109) — (59,963) Impairment and other (losses) gains, net — — (375) 536 — 161 Operating (loss) income $ (124,954) $ 58,387 $ 26,802 $ (7,696) $ (527) $ (47,988) Interest expense, net (15,867) Other expense, net (22,628) Loss from operations before income taxes $ (86,483) Reconciliation of operating (loss) income to adjusted operating (loss) income: Operating (loss) income $ (124,954) $ 58,387 $ 26,802 $ (7,696) $ (527) $ (47,988) Add back: Non-cash portion of arena license fees from MSG Sports (a) (11,889) — — — — (11,889) Share-based compensation 26,298 13,532 3,869 — — 43,699 Depreciation and amortization 38,680 3,553 12,621 5,109 — 59,963 Impairment and other (losses) gains, net — — 375 (536) — (161) Merger and acquisition related costs, net of insurance recovery 15,448 24,075 — — — 39,523 Amortization for capitalized cloud computing costs 7 88 — — — 95 Other purchase accounting adjustments — — — 3,123 — 3,123 Adjusted operating (loss) income $ (56,410) $ 99,635 $ 43,667 $ — $ (527) $ 86,365 Other information: Capital expenditures $ 299,756 $ 2,049 $ 11,271 $ — $ — $ 313,076 _________________
Schedules of Concentration of Risk, by Risk Factor	Concentration of Risk Accounts receivable, net in the accompanying condensed consolidated balance sheets as of December 31, 2022 and June 30, 2022 include amounts due from the following individual customers, substantially derived from the MSG Networks segment, which accounted for the noted percentages of the gross balance: December 31, June 30, Customer A 12 % 12 % Customer B 10 % 10 % For the three and six months ended December 31, 2022, the Company had no customers that accounted for 10% or more of the Company’s revenues. The Company had no customers that accounted for 10% or more of the Company’s revenues for three months ended December 31, 2021. Revenues in the accompanying condensed consolidated statements of operations for the six months ended December 31, 2021 include amounts from the following individual customers, primarily derived from the MSG Networks segment, which accounted for the noted percentages of the total: Six Months Ended December 31, 2022 2021 Customer 1 N/A 11 % Customer 2 N/A 10 %

Additional Financial Informat_2

Additional Financial Information (Tables)	6 Months Ended
Additional Financial Information (Tables)	Dec. 31, 2022
Additional Financial Information [Abstract]
Schedule Of Cash, Cash Equivalents, and Restricted Cash	The following table provides a summary of the amounts recorded as cash, cash equivalents and restricted cash. December 31, June 30, Cash and cash equivalents $ 432,173 $ 828,540 Restricted cash 121,563 17,470 Total cash, cash equivalents and restricted cash $ 553,736 $ 846,010
Cash, Cash Equivalents and Restricted Cash	The following table provides a summary of the amounts recorded as cash, cash equivalents and restricted cash. December 31, June 30, Cash and cash equivalents $ 432,173 $ 828,540 Restricted cash 121,563 17,470 Total cash, cash equivalents and restricted cash $ 553,736 $ 846,010
Schedule of Other Current Assets	Prepaid expenses and other current assets consisted of the following: December 31, June 30, Prepaid expenses $ 79,432 $ 86,022 Related party receivables 35,523 32,541 Inventory (a) 14,263 13,511 Notes and other receivables 1,822 2,726 Other 22,928 21,194 Total prepaid expenses and other current assets $ 153,968 $ 155,994 _________________ (a) Inventory is mostly comprised of food and liquor for performance venues and Tao Group Hospitality.
Other Current Liabilities	Accounts payable, accrued and other current liabilities consisted of the following: December 31, June 30, Accounts payable $ 46,234 $ 31,980 Related party payables 46,783 38,576 Accrued payroll and employee related liabilities 107,524 154,134 Cash due to promoters 34,912 78,428 Capital expenditure accruals 239,943 206,462 Accrued expenses 108,917 79,666 Total accounts payable, accrued and other current liabilities $ 584,313 $ 589,246
Schedule of Other Nonoperating Income (Expense)	Other expense, net includes the following: Three Months Ended Six Months Ended December 31, December 31, 2022 2021 2022 2021 Loss on equity method investments $ (1,105) $ (1,774) $ (3,233) $ (2,981) Gains from shares sold — DraftKings — — 1,489 — Net unrealized loss on equity investments with readily determinable fair value (2,544) (17,155) (3,203) (19,615) Unrealized gain on equity investments without readily determinable fair value — — 1,969 — Other (204) 55 650 (32) Total Other expense, net $ (3,853) $ (18,874) $ (2,328) $ (22,628)

Description of Business and B_2

Description of Business and Basis of Presentation - Narrative (Details) - segment	3 Months Ended	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2022
Description Of Business And Basis Of Presentation [Abstract]
Number of reportable segments	3	3

Dispositions (Details)

Dispositions (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - USD ($) $ in Thousands	Dec. 30, 2022	Dec. 02, 2022
BCE
Business Acquisition [Line Items]
Disposal group, not discontinued operation, gain (loss) on disposal		$ 8,744
The Aircraft
Business Acquisition [Line Items]
Disposal group, not discontinued operation, gain (loss) on disposal	$ 4,332
Consideration to be received for disposal	$ 20,375

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		$ 608,918	$ 487,243	$ 1,007,350	$ 779,437
Revenues from Arena License Agreements, leases and subleases		33,280	29,196	36,066	31,512
Revenues	[1]	642,198	516,439	1,043,416	810,949
Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		(9,212)	(8,238)	(10,226)	(8,904)
Revenues from Arena License Agreements, leases and subleases		0	0	0	0
Revenues		(9,212)	(8,238)	(10,226)	(8,904)
Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		323,238	218,414	467,554	250,337
Revenues from Arena License Agreements, leases and subleases		33,280	29,196	36,066	31,512
Revenues		356,518	247,610	503,620	281,849
MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		158,898	159,981	281,377	301,454
Revenues from Arena License Agreements, leases and subleases		0	0	0	0
Revenues		158,898	159,981	281,377	301,454
Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		135,994	117,086	268,645	236,550
Revenues from Arena License Agreements, leases and subleases		0	0	0	0
Revenues		135,994	117,086	268,645	236,550
Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		1,952	906	2,699	1,257
Other \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Other \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		1,952	906	2,699	1,257
Other \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Other \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Ticketing and venue license fee revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		173,725	109,141	245,857	125,977
Ticketing and venue license fee revenues \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Ticketing and venue license fee revenues \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		173,725	109,141	245,857	125,977
Ticketing and venue license fee revenues \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Ticketing and venue license fee revenues \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Sponsorship and signage, suite and advertising commission revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		83,418	63,096	127,761	73,499
Sponsorship and signage, suite and advertising commission revenues \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		(8,756)	(7,506)	(9,547)	(7,916)
Sponsorship and signage, suite and advertising commission revenues \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		92,174	70,602	137,308	81,415
Sponsorship and signage, suite and advertising commission revenues \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Sponsorship and signage, suite and advertising commission revenues \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Revenues from entertainment dining and nightlife offerings
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		135,538	116,354	267,966	235,562
Revenues from entertainment dining and nightlife offerings \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		(456)	(732)	(679)	(988)
Revenues from entertainment dining and nightlife offerings \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Revenues from entertainment dining and nightlife offerings \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Revenues from entertainment dining and nightlife offerings \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		135,994	117,086	268,645	236,550
Food, beverage and merchandise revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		55,387	37,765	81,690	41,688
Food, beverage and merchandise revenues \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Food, beverage and merchandise revenues \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		55,387	37,765	81,690	41,688
Food, beverage and merchandise revenues \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Food, beverage and merchandise revenues \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Media Networks Revenue
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		158,898	159,981	281,377	301,454
Media Networks Revenue \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Media Networks Revenue \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Media Networks Revenue \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		158,898	159,981	281,377	301,454
Media Networks Revenue \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Transferred at Point in Time \| Event-related and entertainment dining and nightlife offerings
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		355,972	263,060	574,232	393,585
Transferred at Point in Time \| Event-related and entertainment dining and nightlife offerings \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		(281)	(657)	(329)	(838)
Transferred at Point in Time \| Event-related and entertainment dining and nightlife offerings \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		238,888	155,476	341,678	177,492
Transferred at Point in Time \| Event-related and entertainment dining and nightlife offerings \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Transferred at Point in Time \| Event-related and entertainment dining and nightlife offerings \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		117,365	108,241	232,883	216,931
Transferred at Point in Time \| Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		27,281	15,246	46,616	28,696
Transferred at Point in Time \| Other \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		(8,601)	(7,060)	(9,153)	(7,545)
Transferred at Point in Time \| Other \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		15,353	11,959	18,487	14,889
Transferred at Point in Time \| Other \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		2,093	1,992	2,516	2,358
Transferred at Point in Time \| Other \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		18,436	8,355	34,766	18,994
Transferred over Time \| Sponsorship, signage and suite licenses
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		71,264	52,735	110,289	60,483
Transferred over Time \| Sponsorship, signage and suite licenses \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		(330)	(521)	(744)	(521)
Transferred over Time \| Sponsorship, signage and suite licenses \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		68,997	50,979	107,389	57,956
Transferred over Time \| Sponsorship, signage and suite licenses \| Entertainment \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		8,426	6,985	8,802	7,395
Transferred over Time \| Sponsorship, signage and suite licenses \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		2,404	1,787	2,648	2,423
Transferred over Time \| Sponsorship, signage and suite licenses \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		193	490	996	625
Transferred over Time \| Media related, primarily from affiliation agreements
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		154,401	156,202	276,213	296,673
Transferred over Time \| Media related, primarily from affiliation agreements \| Eliminations
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Transferred over Time \| Media related, primarily from affiliation agreements \| Entertainment \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		0	0	0	0
Transferred over Time \| Media related, primarily from affiliation agreements \| MSG Networks \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		154,401	156,202	276,213	296,673
Transferred over Time \| Media related, primarily from affiliation agreements \| Tao Group Hospitality \| Operating segments
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		$ 0	$ 0	$ 0	$ 0

[1]See Note 14, Related Party Transactions, for further information on related party revenues and expenses

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Jun. 30, 2022
Contract Assets and Liabilities [Line Items]
Contract with customer, deferred revenue, revenue recognized	$ 61,873	$ 167,459
Receivables from contracts with customers, net
Contract Assets and Liabilities [Line Items]
Contracts with customers, assets, net	211,296	211,296	$ 215,261
Contract assets, current
Contract Assets and Liabilities [Line Items]
Contracts with customers, assets, net	8,645	8,645	5,503
Contract assets, non-current
Contract Assets and Liabilities [Line Items]
Contracts with customers, assets, net	765	765	756
Deferred revenue, including non-current portion
Contract Assets and Liabilities [Line Items]
Deferred revenue, including non-current portion	210,210	210,210	228,703
Affiliated Entities \| Net related party receivables
Contract Assets and Liabilities [Line Items]
Contracts with customers, assets, net	$ 11,105	$ 11,105	$ 4,618

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 634,000
Revenue, remaining performance obligation, percentage	47%
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	37%
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years

Restructuring Charges - Schedul

Restructuring Charges - Schedule of Restructuring Activity (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2022 USD ($)
Restructuring Cost and Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 8,081
Restructuring charges (excluding share-based compensation expense)	11,389
Payments	(3,079)
Restructuring reserve, ending balance	$ 16,391

Restructuring and Related Activ

Restructuring and Related Activities - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 13,682,000	$ 0	$ 13,682,000	$ 0
Payments			3,079,000
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,293,000		2,293,000
Payments			$ 0

Investments in Nonconsolidate_3

Investments in Nonconsolidated Affiliates Schedule Without Readily Determinable Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Schedule of Investments [Line Items]
Investments	$ 40,560	$ 43,804
Equity Method Investments \| SACO Technologies Inc. (“SACO”)
Schedule of Investments [Line Items]
Ownership Percentage	30%
Investments	$ 26,423	31,448
Equity Method Investments \| Others
Schedule of Investments [Line Items]
Investments	4,941	5,248
Equity securities without readily determinable fair values
Schedule of Investments [Line Items]
Investments	$ 9,196	$ 7,108

Investments in Nonconsolidate_4

Investments in Nonconsolidated Affiliates - Equity Securities With Readily Determinable Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Schedule of Investments [Line Items]
Equity Investments with Readily Determinable Fair Value	$ 30,889	$ 36,421
Townsquare \| DraftKings common stock \| Townsquare Class A common stock
Schedule of Investments [Line Items]
Equity Investments with Readily Determinable Fair Value	4,228	4,776
Townsquare \| DraftKings common stock \| Townsquare Class C common stock
Schedule of Investments [Line Items]
Equity Investments with Readily Determinable Fair Value	19,031	21,499
Draftkings \| DraftKings common stock \| DraftKings common stock
Schedule of Investments [Line Items]
Equity Investments with Readily Determinable Fair Value	$ 7,630	$ 10,146

Investments in Nonconsolidate_5

Investments in Nonconsolidated Affiliates Schedule With Readily Determinable Fair Values (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Total realized and unrealized (loss) gain	$ (2,544)	$ (17,155)	$ 255	$ (19,615)
Townsquare
Debt and Equity Securities, FV-NI [Line Items]
Unrealized (loss) gain	(32)	834	(3,015)	1,861
Draftkings
Debt and Equity Securities, FV-NI [Line Items]
Unrealized (loss) gain	(2,512)	(17,989)	(188)	(21,476)
Gain from shares sold — DraftKings	$ 0	$ 0	$ 1,489	$ 0
Supplemental information on realized gain:
Shares of common stock sold - DraftKings (in shares)	0	0	200	0
Cash proceeds from common stock sold — DraftKings	$ 0	$ 0	$ 3,819	$ 0
Other Investments
Debt and Equity Securities, FV-NI [Line Items]
Unrealized (loss) gain	$ 0	$ 0	$ 1,969	$ 0

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Property and equipment		$ 4,517,937		$ 4,517,937		$ 3,917,505
Less accumulated depreciation and amortization (a)		(1,008,464)		(1,008,464)		(978,453)
Property and equipment, net		3,509,473		3,509,473		2,939,052
Capitalized interest		29,869	$ 10,600	50,335	$ 19,926
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| The Aircraft
Property, Plant and Equipment [Line Items]
Disposal group, assets written off	$ 38,090
Disposal group, accumulated depreciation and amortization	$ 13,689
Land
Property, Plant and Equipment [Line Items]
Property and equipment		139,838		139,838		140,239
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment		1,065,039		1,065,039		997,345
Equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment		524,266		524,266		477,040
Aircraft
Property, Plant and Equipment [Line Items]
Property and equipment		0		0		38,090
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment		229,956		229,956		232,819
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment		$ 2,558,838		$ 2,558,838		$ 2,031,972

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Capital expenditures incurred but not yet paid	$ 239,943	$ 206,462			$ 38,127	$ 42,620
Depreciation			$ 25,029	$ 26,100	$ 50,326	$ 51,221

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Schedule of Carrying Amount of Goodwill) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Goodwill [Roll Forward]
Goodwill	$ 500,181	$ 500,181
Entertainment
Goodwill [Roll Forward]
Goodwill	74,309	74,309
MSG Networks
Goodwill [Roll Forward]
Goodwill	424,508	424,508
Tao Group Hospitality
Goodwill [Roll Forward]
Goodwill	$ 1,364	$ 1,364

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Schedule of Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	$ 63,801	$ 63,801
Trademarks
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	61,881	61,881
Photographic related rights
Indefinite-lived Intangible Assets by Major Class [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	$ 1,920	$ 1,920

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Schedule of Intangible Assets Subject To Amortization) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 02, 2022	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Gross	$ 289,180		$ 301,290
Accumulated Amortization	(135,800)		(137,206)
Net	153,380		164,084
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross	108,956		112,094
Accumulated Amortization	(32,553)		(32,143)
Net	76,403		79,951
Trade names \| BCE
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization		$ (2,320)
Net		210
Venue management contracts
Finite-Lived Intangible Assets [Line Items]
Gross	83,963		84,855
Accumulated Amortization	(26,454)		(23,546)
Net	57,509		61,309
Affiliate relationships
Finite-Lived Intangible Assets [Line Items]
Gross	83,044		83,044
Accumulated Amortization	(63,576)		(62,019)
Net	19,468		21,025
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross	9,000		9,000
Accumulated Amortization	(9,000)		(8,478)
Net	0		522
Festival rights
Finite-Lived Intangible Assets [Line Items]
Gross			8,080
Accumulated Amortization			(6,926)
Net			1,154
Festival rights \| BCE
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization		(7,406)
Net		$ 674
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Gross	4,217		4,217
Accumulated Amortization	(4,217)		(4,094)
Net	$ 0		$ 123

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Amortization Expense - Narrative) (Details) - USD ($)	3 Months Ended			6 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, impairment loss		$ 0
Impairment of intangible assets, indefinite-lived (excluding goodwill)		$ 0
Amortization of intangible assets	$ 4,030,000		$ 4,433,000	$ 8,488,000	$ 8,742,000

Commitments and Contingencies N

Commitments and Contingencies Narrative (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2022 complaint claim	Jun. 30, 2022 USD ($)
Loss Contingencies [Line Items]
Contractual obligation \| $		$ 3,898,281
Loss contingency, number of complaints filed \| complaint	15
Loss contingency, remaining claims filed involving fiduciary breaches	2
Loss contingency, new claims filed, number	2
Loss contingency, number of consolidated claims	4
Loss contingency, number of consolidated claims with approved case schedule	2
MSG Networks Inc. Merger
Loss Contingencies [Line Items]
Loss contingency, new claims filed with incomplete and misleading information	9
Loss contingency, new claims filed involving fiduciary breaches	6

Credit Facilities - Debt Outsta

Credit Facilities - Debt Outstanding and Deferred Financing Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Debt Instrument [Line Items]
Current portion of long-term debt	$ 102,500	$ 78,512
Principal	1,908,225	1,684,475
Unamortized Deferred Financing Costs	(22,974)	(19,899)
Net	1,885,251	1,664,576
Secured Debt \| MSG Networks
Debt Instrument [Line Items]
Principal	891,000	932,250
Unamortized Deferred Financing Costs	(2,095)	(2,715)
Net	888,905	929,535
Secured Debt \| MSG National Properties LLC
Debt Instrument [Line Items]
Principal	633,750	641,875
Unamortized Deferred Financing Costs	(14,452)	(16,064)
Net	619,298	625,811
Secured Debt \| Tao Group Hospitality
Debt Instrument [Line Items]
Principal	69,375	71,250
Unamortized Deferred Financing Costs	(1,008)	(1,120)
Net	68,367	70,130
Secured Debt \| MSG Networks
Debt Instrument [Line Items]
Current portion of long-term debt	82,500	66,000
Secured Debt \| MSG National Properties LLC
Debt Instrument [Line Items]
Current portion of long-term debt	16,250	8,125
Secured Debt \| Tao Group Hospitality
Debt Instrument [Line Items]
Current portion of long-term debt	3,750	3,750
Secured Debt \| MSG Sphere \| MSG Sphere
Debt Instrument [Line Items]
Principal	275,000	0
Unamortized Deferred Financing Costs	(5,419)	0
Net	269,581	0
Revolving Credit Facility \| MSG National Properties LLC
Debt Instrument [Line Items]
Principal	29,100	29,100
Unamortized Deferred Financing Costs	0	0
Net	29,100	29,100
Revolving Credit Facility \| Tao Group Hospitality
Debt Instrument [Line Items]
Principal	10,000	10,000
Unamortized Deferred Financing Costs	0	0
Net	10,000	10,000
Other Debt Obligations
Debt Instrument [Line Items]
Current portion of long-term debt	$ 0	$ 637

Credit Facilities - MSG Network

Credit Facilities - MSG Networks Narrative (Details) - USD ($)	Dec. 31, 2022	Oct. 11, 2019	Jun. 30, 2022
Debt Instrument [Line Items]
Principal	$ 1,908,225,000		$ 1,684,475,000
MSG Networks Credit Facilities \| Measurement Input, Leverage Ratio \| Incremental adjustment
Debt Instrument [Line Items]
Debt instrument, measurement input	6
MSG Networks Credit Facilities \| Maximum \| Measurement Input, Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	5.50
MSG Networks Credit Facilities \| Minimum \| Measurement Input, Interest Coverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	2
MSG Networks \| MSG Networks Credit Facilities \| Measurement Input, Default Rate
Debt Instrument [Line Items]
Debt instrument, interest rate, increase (decrease)		2%
MSG Networks \| MSG Networks Credit Facilities \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage		0.30%
MSG Networks \| MSG Networks Credit Facilities \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		1.25%
MSG Networks \| MSG Networks Credit Facilities \| Maximum \| Eurocurrency Rate
Debt Instrument [Line Items]
Basis spread on variable rate		2.25%
MSG Networks \| MSG Networks Credit Facilities \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage		0.225%
MSG Networks \| MSG Networks Credit Facilities \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.25%
MSG Networks \| MSG Networks Credit Facilities \| Minimum \| Eurocurrency Rate
Debt Instrument [Line Items]
Basis spread on variable rate		1.25%
MSG Networks \| Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.50%
MSG Networks \| Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.30%
MSG Networks \| Revolving Credit Facility \| MSG Networks Credit Facilities
Debt Instrument [Line Items]
Principal	$ 0
MSG Networks \| Revolving Credit Facility \| MSG Networks Term Loan Facility
Debt Instrument [Line Items]
Letters of credit outstanding, amount		$ 35,000,000
Secured Debt
Debt Instrument [Line Items]
Face amount		1,100,000,000
Secured Debt \| MSG Networks
Debt Instrument [Line Items]
Long-term debt, percentage bearing variable interest rate, percentage rate	6.73%
Revolving Credit Facility \| MSG Networks
Debt Instrument [Line Items]
Face amount		$ 250,000,000

Credit Facilities - National Pr

Credit Facilities - National Properties Narrative (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022	Oct. 11, 2019
Debt Instrument [Line Items]
Principal	$ 1,908,225,000	$ 1,684,475,000
MSG National Properties LLC
Debt Instrument [Line Items]
Debt covenant, minimum consolidated liquidity	$ 50,000,000
MSG Networks \| Minimum \| Revolving Credit Facility
Debt Instrument [Line Items]
Commitment fee percentage	0.30%
MSG Networks \| Maximum \| Revolving Credit Facility
Debt Instrument [Line Items]
Commitment fee percentage	0.50%
Revolving Credit Facility \| MSG Networks
Debt Instrument [Line Items]
Face amount			$ 250,000,000
Secured Debt
Debt Instrument [Line Items]
Face amount			$ 1,100,000,000
Secured Debt \| MSG Networks
Debt Instrument [Line Items]
Long-term debt, percentage bearing variable interest rate, percentage rate	6.73%
National Properties June2022 Senior Secured Term Loan Agreement \| Loans Payable \| MSG National Properties LLC
Debt Instrument [Line Items]
Debt instrument term		5 years
National Properties June2022 Senior Secured Term Loan Agreement \| Senior Loans \| MSG National Properties LLC
Debt Instrument [Line Items]
Face amount		$ 650,000,000
Principal	$ 7,860,000
National Properties June2022 Senior Secured Term Loan Agreement \| Revolving Credit Facility \| MSG National Properties LLC
Debt Instrument [Line Items]
Face amount		$ 100,000,000
Debt instrument term		5 years
Principal	$ 63,040,000
National Properties Credit Agreement \| MSG National Properties LLC
Debt Instrument [Line Items]
Long-term debt, percentage bearing variable interest rate, percentage rate	8.18%
National Properties Credit Agreement \| MSG National Properties LLC \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
National Properties Credit Agreement \| MSG National Properties LLC \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
National Properties Credit Agreement \| MSG National Properties LLC \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
National Properties Credit Agreement \| MSG National Properties LLC \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
MSG Networks Credit Facilities \| Measurement Input, Leverage Ratio \| Maximum
Debt Instrument [Line Items]
Debt instrument, measurement input	5.50
MSG Networks Credit Facilities \| MSG National Properties LLC \| Debt Instrument, Redemption, Period One \| Measurement Input, Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	2
MSG Networks Credit Facilities \| MSG National Properties LLC \| Debt Instrument, Redemption, Period Two \| Measurement Input, Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	2.5
MSG Networks Credit Facilities \| MSG National Properties LLC \| Debt Instrument, Redemption, Period Three \| Measurement Input, Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	6
MSG Networks Credit Facilities \| MSG National Properties LLC \| Debt Instrument, Redemption, Period Four \| Measurement Input, Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	5.5
MSG Networks Credit Facilities \| MSG National Properties LLC \| Debt Instrument, Redemption, Period Five \| Measurement Input, Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	4.5
MSG Networks Credit Facilities \| MSG Networks \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument term			5 years
Principal	$ 0
MSG Networks Credit Facilities \| MSG Networks \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage			0.225%
MSG Networks Credit Facilities \| MSG Networks \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			0.25%
MSG Networks Credit Facilities \| MSG Networks \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage			0.30%
MSG Networks Credit Facilities \| MSG Networks \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate			1.25%
MSG Networks Credit Facilities \| Secured Debt \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Prepayment premium, debt instrument, interest rate, stated percentage	2.50%
Prepayment premium, debt instrument, interest rate per quarter, stated percentage	0.625%
MSG Networks Credit Facilities \| Secured Debt \| Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Prepayment premium, debt instrument, interest rate, stated percentage	5%
Prepayment premium, debt instrument, interest rate per quarter, stated percentage	1.25%

Credit Facilities - MSG Sphere

Credit Facilities - MSG Sphere Narrative (Details) $ in Thousands	Dec. 22, 2022 USD ($)	Oct. 11, 2019 USD ($)
MSG Sphere \| Subsidiaries
Debt Instrument [Line Items]
Debt instrument, covenant, held in cash	$ 75,000
MSG Sphere \| Minimum Liquidity Step-Down \| Subsidiaries
Debt Instrument [Line Items]
Debt instrument, covenant, held in cash	$ 25,000
MSG Sphere \| Measurement Input, Historical Debt Service Coverage Ratio \| Subsidiaries
Debt Instrument [Line Items]
Debt instrument, measurement input	1.35
MSG Sphere \| Measurement Input, Prospective Debt Service Coverage Ratio \| Subsidiaries
Debt Instrument [Line Items]
Debt instrument, measurement input	1.35
MSG Sphere \| Minimum \| Subsidiaries
Debt Instrument [Line Items]
Debt covenant, minimum consolidated liquidity	$ 100,000
MSG Sphere \| Minimum \| Minimum Liquidity Step-Down \| Subsidiaries
Debt Instrument [Line Items]
Debt covenant, minimum consolidated liquidity	$ 50,000
MSG Sphere \| Minimum \| Measurement Input, Historical Debt Service Coverage Ratio \| Subsidiaries
Debt Instrument [Line Items]
Debt instrument, contingent measurement input	1.50
MSG Sphere \| Minimum \| Measurement Input, Prospective Debt Service Coverage Ratio \| Subsidiaries
Debt Instrument [Line Items]
Debt instrument, contingent measurement input	1.50
MSG Sphere \| Base Rate \| Subsidiaries
Debt Instrument [Line Items]
Basis spread on variable rate	3.375%
MSG Sphere \| Eurocurrency Rate \| Subsidiaries
Debt Instrument [Line Items]
Basis spread on variable rate	0.10%
Debt instrument, interest rate, increase (decrease)	4.375%
Secured Debt
Debt Instrument [Line Items]
Face amount		$ 1,100,000
Secured Debt \| MSG Sphere \| Subsidiaries
Debt Instrument [Line Items]
Debt instrument term	5 years
Face amount	$ 275,000

Credit Facilities - TAO Narrati

Credit Facilities - TAO Narrative (Details) $ in Thousands	Jun. 09, 2022 USD ($)	Jun. 08, 2022	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Debt Instrument [Line Items]
Principal			$ 1,908,225	$ 1,684,475
Restated Tao Senior Credit Agreement \| Tao Group Hospitality
Debt Instrument [Line Items]
Commitment fee percentage	0.375%
Long-term debt, percentage bearing variable interest rate, percentage rate			6.92%
Debt covenant, minimum consolidated liquidity	$ 20,000
Debt instrument, covenant, maximum consolidated liquidity	$ 30,000
Debt instrument, covenant, carry forward term	1 year
Debt instrument, covenant, carry forward amount	$ 20,000
Debt instrument, covenant, maximum incremental borrowing	50,000
Restated Tao Senior Credit Agreement \| Tao Group Hospitality \| Maximum
Debt Instrument [Line Items]
Debt instrument, covenant, cash netting	$ 10,000
Restated Tao Senior Credit Agreement \| Tao Group Hospitality \| Maximum \| Measurement Input, Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	3.50
Restated Tao Senior Credit Agreement \| Tao Group Hospitality \| Maximum \| Measurement Input, Senior Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	2.50
Restated Tao Senior Credit Agreement \| Tao Group Hospitality \| Minimum \| Measurement Input, Fixed Charge Coverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input	1.25
Restated Tao Senior Credit Agreement \| Term Loan \| Tao Group Hospitality
Debt Instrument [Line Items]
Face amount	$ 75,000
Long-term debt, term	5 years
Letters of credit outstanding, amount			$ 750
Restated Tao Senior Credit Agreement \| Revolving Credit Facility \| Tao Group Hospitality
Debt Instrument [Line Items]
Face amount	$ 60,000
Long-term debt, term	5 years
Principal			$ 49,250
Tao Revolving Credit Facility \| Tao Group Hospitality \| Maximum \| Revolving Credit Facility
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 5,000
TAO 2019 Senior Credit Agreement \| Tao Group Hospitality
Debt Instrument [Line Items]
Commitment fee percentage		0.50%
TAO 2019 Senior Credit Agreement \| Tao Group Hospitality \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2%
TAO 2019 Senior Credit Agreement \| Tao Group Hospitality \| Maximum \| Eurocurrency Rate
Debt Instrument [Line Items]
Basis spread on variable rate	3%
TAO 2019 Senior Credit Agreement \| Tao Group Hospitality \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
TAO 2019 Senior Credit Agreement \| Tao Group Hospitality \| Minimum \| Eurocurrency Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%

Credit Facilities - Schedule of

Credit Facilities - Schedule of Credit Facilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Line of Credit Facility [Line Items]
Total long-term debt, carrying value	$ 2,010,725		$ 1,762,350
Total long-term debt, fair value	1,982,333		1,719,989
Secured Debt
Line of Credit Facility [Line Items]
Unamortized deferred financing costs	(22,974)		(19,899)
MSG Networks Term Loan Facility \| Debt
Line of Credit Facility [Line Items]
Carrying Value	973,500		998,250
Fair Value	951,596		958,320
MSG Networks Term Loan Facility \| MSG Networks
Line of Credit Facility [Line Items]
Interest Payments	24,468	$ 8,886
Loan Principal Repayments	24,750	24,750
National Properties Nov2020 Senior Secured Term Loan Agreement \| Debt
Line of Credit Facility [Line Items]
Carrying Value	679,100		679,100
Fair Value	672,309		679,100
National Properties Nov2020 Senior Secured Term Loan Agreement \| MSG National Properties LLC
Line of Credit Facility [Line Items]
Interest Payments	22,410	23,141
Loan Principal Repayments	0	3,250
TAO 2019 Senior Credit Agreement \| Debt
Line of Credit Facility [Line Items]
Carrying Value	83,125		85,000
Fair Value	83,428		82,569
TAO 2019 Senior Credit Agreement \| Tao Group Hospitality
Line of Credit Facility [Line Items]
Interest Payments	2,259	415
Loan Principal Repayments	1,875	17,500
MSG Sphere \| Debt
Line of Credit Facility [Line Items]
Carrying Value	275,000		0
Fair Value	275,000		$ 0
MSG Networks National Properties and Tao
Line of Credit Facility [Line Items]
Interest Payments	49,137	32,442
Loan Principal Repayments	$ 26,625	$ 45,500

Pension Plans and Other Postr_3

Pension Plans and Other Postretirement Benefit Plan (Schedule of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Pension Plans and Postretirement Plans
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 123	$ 118	$ 246	$ 236
Interest cost	1,189	1,190	2,378	2,380
Expected return on plan assets	(1,719)	(1,719)	(3,438)	(3,438)
Recognized actuarial loss	501	501	1,002	1,002
Net periodic benefit cost	94	90	188	180
Postretirement Plans
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	15	16	30	32
Interest cost	19	20	38	40
Expected return on plan assets	0	0	0	0
Recognized actuarial loss	9	9	18	18
Net periodic benefit cost	$ 43	$ 45	$ 86	$ 90

Defined Contribution Plan Sched

Defined Contribution Plan Schedule of Defined Contribution Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Savings Plans
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan (benefit) cost	$ 2,742	$ 2,475	$ 5,307	$ 4,494
Union Savings Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan (benefit) cost	$ 20	$ 7	$ 38	$ 21

Pension Plans and Other Postr_4

Pension Plans and Other Postretirement Benefit Plan - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2022 USD ($) plan	Dec. 31, 2022 USD ($) plan
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Defined benefit plan, number of sponsored plans \| plan	2	2
Defined benefit plan, plan assets, contributions by employer \| $	$ 500	$ 500

Share-based Compensation, Restr

Share-based Compensation, Restricted Stock Units Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 18,185	$ 24,171	$ 33,373	$ 43,699
Share-based compensation capitalized in property and equipment			1,802	1,763
Restructuring charges	13,682	0	13,682	0
Payment, tax withholding, share-based payment arrangement			14,980	15,240
Employee Severance
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restructuring charges	2,293		2,293
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	18,185	24,171	33,373	43,699
Intrinsic value of awards vested	$ 2,995	$ 492	35,127	32,734
Payment, tax withholding, share-based payment arrangement			14,741	15,652
Restricted Stock Units (RSUs) \| Madison Square Garden Sports
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment, tax withholding, share-based payment arrangement			$ 305	$ 477

Share-based Compensation Narrat

Share-based Compensation Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
Share-based Compensation Narrative (Details) $ in Thousands	Dec. 31, 2022 USD ($) plan shares	Dec. 31, 2021 shares	Dec. 31, 2022 USD ($) plan shares	Dec. 31, 2021 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans \| plan	3		3
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average anti-dilutive shares (in shares)	1,671		1,433
Restricted Stock Units (RSUs) And Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average anti-dilutive shares (in shares)		668
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			650,000	445,000
Awards vested (in shares)			546,000	332,000
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			566,000	422,000
Awards vested (in shares)			91,000	77,000
Employee \| Performance Stock Units and Restricted Stock Units \| The Madison Square Garden Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost \| $	$ 106,360		$ 106,360
Period for recognition	1 year 9 months 18 days

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
Preferred stock, par or stated value per share (in shares)	$ 0.01	$ 0.01
Preferred stock, shares outstanding (in shares)	0	0
2015 share repurchase program \| Townsquare Class A common stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock repurchase program, authorized amount			$ 350,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 1,963,221
Balance at the beginning of the period	$ 1,918,726	$ 2,096,007	1,975,384	$ 2,180,406
Other comprehensive income	14,803	2,486	(1,277)	(3,932)
Amounts reclassified from accumulated other comprehensive loss	510	510	1,020	1,020
Income tax expense	(2,895)	(568)	49	552
Other comprehensive income (loss)	12,418	2,428	(208)	(2,360)
Ending balance	2,005,881		2,005,881
Balance at the end of the period	2,018,920	2,127,815	2,018,920	2,127,815
Pension Plans and Postretirement Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(39,787)	(45,009)	(40,287)	(45,425)
Other comprehensive income	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss	510	510	1,020	1,020
Income tax expense	(176)	(97)	(186)	(191)
Other comprehensive income (loss)	334	413	834	829
Balance at the end of the period	(39,453)	(44,596)	(39,453)	(44,596)
Cumulative Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(21,194)	9,949	(8,068)	15,153
Other comprehensive income	14,803	2,486	(1,277)	(3,932)
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Income tax expense	(2,719)	(471)	235	743
Other comprehensive income (loss)	12,084	2,015	(1,042)	(3,189)
Balance at the end of the period	(9,110)	11,964	(9,110)	11,964
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(60,981)	(35,060)	(48,355)	(30,272)
Other comprehensive income (loss)	12,418	2,428	(208)	(2,360)
Balance at the end of the period	$ (48,563)	$ (32,632)	$ (48,563)	$ (32,632)

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($) $ in Thousands			1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Aug. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Related Party Transaction [Line Items]
Common stock exercisable term						60 days
Aggregate voting power held by related party	72.40%			72.40%		72.40%
Capital expenditures incurred but not yet paid	$ 239,943	$ 206,462				$ 38,127	$ 42,620
Operating Expense
Related Party Transaction [Line Items]
Related party expense				$ 43,808	$ 38,992	$ 88,807	81,197
605 LLC
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent	50%			50%		50%
BCE
Related Party Transaction [Line Items]
Notes payable, related parties		$ 637						$ 637
605 LLC
Related Party Transaction [Line Items]
Related party transaction agreement, aggregate amount	$ 1,000			$ 1,000		$ 1,000
Related party agreement, term			3 years
Related party transaction, subsidiary agreement amount			$ 750
Related party expense				$ 65		$ 135
Related party costs and expenses	$ 135
Common Class A
Related Party Transaction [Line Items]
Percentage of common stock owned by related party	5.50%			5.50%		5.50%
Common Class B
Related Party Transaction [Line Items]
Percentage of common stock owned by related party	100%			100%		100%
Other Nonconsolidated Affiliate
Related Party Transaction [Line Items]
Capital expenditures in connection with services provided				$ 22,416	$ 73,086	$ 28,064	$ 36,741
Capital expenditures incurred but not yet paid						$ 27,401		$ 25,028

Related Party Transactions (Tra

Related Party Transactions (Transactions by Type) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Revenues		$ 41,087	$ 35,099	$ 46,284	$ 39,467
Operating expenses (credits):
Total operating expenses, net		34,386	29,260	70,400	64,205
Selling, general and administrative expenses	[1]	(182,433)	(162,277)	(346,843)	(337,116)
Operating Expense
Operating expenses (credits):
Related party expense		43,808	38,992	88,807	81,197
Selling, General and Administrative Expenses
Operating expenses (credits):
Selling, general and administrative expenses		(9,422)	(9,732)	(18,407)	(16,992)
Madison Square Garden Sports \| Media rights fees
Operating expenses (credits):
Related party costs and expenses		43,433	40,813	86,200	81,258
Madison Square Garden Sports \| Revenue sharing expenses
Operating expenses (credits):
Related party costs and expenses		7,099	5,633	8,286	6,396
Madison Square Garden Sports \| Reimbursement under Arena License Agreements
Operating expenses (credits):
Related party costs and expenses		9,357	8,673	9,850	9,050
Madison Square Garden Sports \| Cost reimbursement from MSG Sports - per Transition services agreement
Operating expenses (credits):
Related party costs and expenses		9,475	10,513	18,992	19,729
AMC Networks \| Origination, master control and technical services
Operating expenses (credits):
Related party costs and expenses		1,232	1,208	2,464	2,416
Other Related Parties \| Other operating expenses, net
Operating expenses (credits):
Related party costs and expenses		$ 1,454	$ 792	$ 2,292	$ 2,914

[1]See Note 14, Related Party Transactions, for further information on related party revenues and expenses

Related Party Transactions (T_2

Related Party Transactions (Transactions by Type Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Operating lease, lease income	$ 19,415	$ 16,507	$ 20,220	$ 17,293
Revenues from related parties	41,087	35,099	46,284	39,467
Knicks and Rangers \| The Garden
Related Party Transaction [Line Items]
Operating lease, lease income	31,825	27,853	33,149	29,181
Madison Square Garden Sports Corp. Investment \| Sponsorship Sales And Service Representation Agreements
Related Party Transaction [Line Items]
Revenues from related parties	6,031	4,831	8,564	7,179
Madison Square Garden Sports Corp. Investment \| Merchandise Sales Revenue Sharing Arrangement
Related Party Transaction [Line Items]
Revenues from related parties	2,176	1,395	2,291	1,452
Other Related Parties
Related Party Transaction [Line Items]
Sublease income	$ 611	$ 611	$ 1,222	$ 1,222

Segment Information (Introducti

Segment Information (Introduction Narrative) (Details) - segment	3 Months Ended	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2022
Segment Reporting [Abstract]
Number of reportable segments	3	3

Segment Information (Schedule o

Segment Information (Schedule of Segment Reporting) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Revenues	[1]	$ 642,198	$ 516,439	$ 1,043,416	$ 810,949
Direct operating expenses	[1]	(348,959)	(296,258)	(602,860)	(462,019)
Selling, general and administrative expenses	[1]	(182,433)	(162,277)	(346,843)	(337,116)
Depreciation and amortization		(29,059)	(30,533)	(58,814)	(59,963)
Impairment and other gains, net		5,885	7,979	7,885	161
Restructuring charges		13,682	0	13,682	0
Operating income (loss)		73,950	35,350	29,102	(47,988)
Interest income, net		2,709	(7,394)	4,496	(15,867)
Other expense, net		(3,853)	(18,874)	(2,328)	(22,628)
Income (loss) from operations before income taxes		72,806	9,082	31,270	(86,483)
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)		73,950	35,350	29,102	(47,988)
Add back:
Non-cash portion of arena license fees from MSG Sports (a)		(12,410)	(11,346)	(12,929)	(11,889)
Share-based compensation		18,185	24,171	33,373	43,699
Depreciation and amortization		29,059	30,533	58,814	59,963
Impairment and other gains, net		(5,885)	(7,979)	(7,885)	(161)
Restructuring charges		13,682	0	13,682	0
Merger and acquisition related costs, net of insurance recovery		5,488	2,331	10,138	39,523
Amortization for capitalized cloud computing costs		235	10	356	95
Other purchase accounting adjustments		1,668	3,038	2,254	3,123
Remeasurement of deferred compensation plan liabilities		160		6
Adjusted operating income (loss)		124,132	76,108	126,911	86,365
Other information:
Capital expenditures		289,720	175,805	561,808	313,076
Operating lease, lease income		19,415	16,507	20,220	17,293
Operating lease, lease income, noncash portion		12,410	11,346	12,929	11,889
Operating segments \| Entertainment
Segment Reporting Information [Line Items]
Revenues		356,518	247,610	503,620	281,849
Direct operating expenses		(181,042)	(147,343)	(282,807)	(183,645)
Selling, general and administrative expenses		(109,561)	(91,516)	(212,923)	(184,478)
Depreciation and amortization		(21,921)	(19,024)	(41,204)	(38,680)
Impairment and other gains, net		5,412	0	7,412	0
Restructuring charges		9,694		9,694
Operating income (loss)		39,712	(10,273)	(35,596)	(124,954)
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)		39,712	(10,273)	(35,596)	(124,954)
Add back:
Non-cash portion of arena license fees from MSG Sports (a)		(12,410)	(11,346)	(12,929)	(11,889)
Share-based compensation		12,513	16,155	23,945	26,298
Depreciation and amortization		21,921	19,024	41,204	38,680
Impairment and other gains, net		(5,412)	0	(7,412)	0
Restructuring charges		9,694		9,694
Merger and acquisition related costs, net of insurance recovery		(56)	1,456	2,693	15,448
Amortization for capitalized cloud computing costs		191	(34)	268	7
Other purchase accounting adjustments		0	0	0	0
Remeasurement of deferred compensation plan liabilities		160		6
Adjusted operating income (loss)		66,313	14,982	21,873	(56,410)
Other information:
Capital expenditures		281,369	166,218	546,461	299,756
Operating segments \| MSG Networks
Segment Reporting Information [Line Items]
Revenues		158,898	159,981	281,377	301,454
Direct operating expenses		(90,400)	(85,924)	(165,820)	(154,347)
Selling, general and administrative expenses		(38,083)	(37,192)	(55,899)	(85,167)
Depreciation and amortization		(1,637)	(1,756)	(3,255)	(3,553)
Impairment and other gains, net		0	0	0	0
Restructuring charges		3,988		3,988
Operating income (loss)		24,790	35,109	52,415	58,387
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)		24,790	35,109	52,415	58,387
Add back:
Non-cash portion of arena license fees from MSG Sports (a)		0	0	0	0
Share-based compensation		3,298	6,058	5,002	13,532
Depreciation and amortization		1,637	1,756	3,255	3,553
Impairment and other gains, net		0	0	0	0
Restructuring charges		3,988		3,988
Merger and acquisition related costs, net of insurance recovery		5,544	875	7,445	24,075
Amortization for capitalized cloud computing costs		44	44	88	88
Other purchase accounting adjustments		0	0	0	0
Remeasurement of deferred compensation plan liabilities		0		0
Adjusted operating income (loss)		39,301	43,842	72,193	99,635
Other information:
Capital expenditures		2,665	600	3,892	2,049
Operating segments \| Tao Group Hospitality
Segment Reporting Information [Line Items]
Revenues		135,994	117,086	268,645	236,550
Direct operating expenses		(76,483)	(60,880)	(153,060)	(121,973)
Selling, general and administrative expenses		(43,166)	(40,685)	(86,712)	(74,779)
Depreciation and amortization		(5,616)	(6,243)	(12,246)	(12,621)
Impairment and other gains, net		473	7,443	473	(375)
Restructuring charges		0		0
Operating income (loss)		11,202	16,721	17,100	26,802
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)		11,202	16,721	17,100	26,802
Add back:
Non-cash portion of arena license fees from MSG Sports (a)		0	0	0	0
Share-based compensation		2,374	1,958	4,426	3,869
Depreciation and amortization		5,616	6,243	12,246	12,621
Impairment and other gains, net		(473)	(7,443)	(473)	375
Restructuring charges		0		0
Merger and acquisition related costs, net of insurance recovery		0	0	0	0
Amortization for capitalized cloud computing costs		0	0	0	0
Other purchase accounting adjustments		0	0	0	0
Remeasurement of deferred compensation plan liabilities		0		0
Adjusted operating income (loss)		18,719	17,479	33,299	43,667
Other information:
Capital expenditures		5,686	8,987	11,455	11,271
Purchase accounting adjustments
Segment Reporting Information [Line Items]
Revenues		0	0	0	0
Direct operating expenses		(1,668)	(3,038)	(2,254)	(3,123)
Selling, general and administrative expenses		0	0	0	0
Depreciation and amortization		115	(3,510)	(2,109)	(5,109)
Impairment and other gains, net		0	536	0	536
Restructuring charges		0		0
Operating income (loss)		(1,553)	(6,012)	(4,363)	(7,696)
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)		(1,553)	(6,012)	(4,363)	(7,696)
Add back:
Non-cash portion of arena license fees from MSG Sports (a)		0	0	0	0
Share-based compensation		0	0	0	0
Depreciation and amortization		(115)	3,510	2,109	5,109
Impairment and other gains, net		0	(536)	0	(536)
Restructuring charges		0		0
Merger and acquisition related costs, net of insurance recovery		0	0	0	0
Amortization for capitalized cloud computing costs		0	0	0	0
Other purchase accounting adjustments		1,668	3,038	2,254	3,123
Remeasurement of deferred compensation plan liabilities		0		0
Adjusted operating income (loss)		0	0	0	0
Other information:
Capital expenditures		0	0	0	0
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenues		(9,212)	(8,238)	(10,226)	(8,904)
Direct operating expenses		634	927	1,081	1,069
Selling, general and administrative expenses		8,377	7,116	8,691	7,308
Depreciation and amortization		0	0	0	0
Impairment and other gains, net		0	0	0	0
Restructuring charges		0		0
Operating income (loss)		(201)	(195)	(454)	(527)
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)		(201)	(195)	(454)	(527)
Add back:
Non-cash portion of arena license fees from MSG Sports (a)		0	0	0	0
Share-based compensation		0	0	0	0
Depreciation and amortization		0	0	0	0
Impairment and other gains, net		0	0	0	0
Restructuring charges		0		0
Merger and acquisition related costs, net of insurance recovery		0	0	0	0
Amortization for capitalized cloud computing costs		0	0	0	0
Other purchase accounting adjustments		0	0	0	0
Remeasurement of deferred compensation plan liabilities		0		0
Adjusted operating income (loss)		(201)	(195)	(454)	(527)
Other information:
Capital expenditures		$ 0	$ 0	$ 0	$ 0

[1]See Note 14, Related Party Transactions, for further information on related party revenues and expenses

Segment Information (Concentrat

Segment Information (Concentration Risk) (Details) - Customer Concentration Risk	6 Months Ended		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Accounts Receivable \| Customer A
Revenue, Major Customer [Line Items]
Concentration risk, percentage	12%		12%
Accounts Receivable \| Customer B
Revenue, Major Customer [Line Items]
Concentration risk, percentage	10%		10%
Revenue Benchmark \| Customer 1
Revenue, Major Customer [Line Items]
Concentration risk, percentage		11%
Revenue Benchmark \| Customer 2
Revenue, Major Customer [Line Items]
Concentration risk, percentage		10%

Additional Financial Informat_3

Additional Financial Information (Schedule of Cash, Cash Equivalents, and Restricted Cash) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Additional Financial Information [Abstract]
Cash and cash equivalents	$ 432,173	$ 828,540
Restricted cash	121,563	17,470
Total cash, cash equivalents and restricted cash	$ 553,736	$ 846,010	$ 1,282,019	$ 1,539,976

Additional Financial Informat_4

Additional Financial Information (Schedule of Current Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Additional Financial Information [Abstract]
Prepaid expenses	$ 79,432	$ 86,022
Related party receivables	35,523	32,541
Inventory	14,263	13,511
Notes and other receivables	1,822	2,726
Other	22,928	21,194
Total prepaid expenses and other current assets	$ 153,968	$ 155,994

Additional Financial Informat_5

Additional Financial Information (Schedule of Current Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Additional Financial Information [Abstract]
Accounts payable	$ 46,234	$ 31,980
Related party payables	46,783	38,576
Accrued payroll and employee related liabilities	107,524	154,134
Cash due to promoters	34,912	78,428
Capital expenditure accruals	239,943	206,462
Accrued expenses	108,917	79,666
Total accounts payable, accrued and other current liabilities	$ 584,313	$ 589,246

Additional Financial Informat_6

Additional Financial Information (Schedule of Other Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Compensating Balances [Line Items]
Loss on equity method investments	$ (1,105)	$ (1,774)	$ (3,233)	$ (2,981)
Net unrealized loss on equity investments with readily determinable fair value	(2,544)	(17,155)	(3,203)	(19,615)
Unrealized gain on equity investments without readily determinable fair value	0	0	1,969	0
Other	(204)	55	650	(32)
Other expense, net	(3,853)	(18,874)	(2,328)	(22,628)
Income taxes paid, net			2,004	(7,063)
Draftkings
Compensating Balances [Line Items]
Gains from shares sold — DraftKings	$ 0	$ 0	$ 1,489	$ 0

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - Convertible Debt € in Thousands	Jan. 19, 2023 EUR (€)
Subsequent Event [Line Items]
Debt instrument term	3 years
Face amount	€ 18,800
Interest rate	5%