Madison Square Garden Entertainment (MSGE) S-118 Sep 23IPO registrationFinancial data

Company Profile

Cover

Cover	12 Months Ended
Cover	Jun. 30, 2023
Document Information [Line Items]
Document Type	S-1
Entity Registrant Name	MADISON SQUARE GARDEN ENTERTAINMENT CORP.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-0318813
Entity Address, Address Line One	Two Pennsylvania 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
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Central Index Key	0001952073
Amendment Flag	false
Entity Primary SIC Number	7990
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	Two Pennsylvania 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
Contact Personnel Name	Jamal H. Haughton

Consolidated and Combined Balan

Consolidated and Combined Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2023	Jun. 30, 2022
Current Assets:
Cash, cash equivalents and restricted cash		$ 84,355	$ 62,573
Accounts receivable, net		63,898	102,501
Related party receivables, current		69,466	96,938
Prepaid expenses and other current assets		77,562	79,441
Total current assets		295,281	341,453
Non-Current Assets:
Property and equipment, net		628,888	696,079
Right-of-use lease assets		235,790	271,154
Goodwill		69,041	69,041
Intangible assets, net		63,801	65,439
Other non-current assets		108,356	83,535
Total assets		1,401,157	1,526,701
Current Liabilities:
Accounts payable, accrued and other current liabilities		214,725	221,961
Related party payables, current		47,281	72,683
Long-term debt, current		16,250	8,762
Operating lease liabilities, current		36,529	39,006
Deferred revenue		225,855	202,678
Total current liabilities		540,640	545,090
Non-Current Liabilities:
Long-term debt, net of deferred financing costs		630,184	654,912
Operating lease liabilities, non-current		219,955	254,114
Deferred tax liabilities, net		23,518	23,253
Other non-current liabilities		56,332	50,921
Total liabilities		1,470,629	1,528,290
Commitments and contingencies (see Note 11)
Deficit:
Additional paid-in capital		17,727	0
Treasury stock at cost (840 shares as of June 30, 2023)		(25,000)	0
Sphere Entertainment Co. investment		0	33,265
Accumulated deficit		(28,697)	0
Accumulated other comprehensive loss		(34,021)	(34,740)
Total MSG Entertainment stockholders' deficit		(69,472)	(1,475)
Nonredeemable noncontrolling interests		0	(114)
Total deficit		(69,472)	(1,589)
Total liabilities and deficit		1,401,157	1,526,701
Class A Common Stock
Deficit:
Class A and B Common Stock	[1]	450	0
Class B Common Stock
Deficit:
Class A and B Common Stock	[2]	$ 69	$ 0

[1]Class A Common Stock, $0.01 par value per share, 120,000 shares authorized; 45,024 shares issued as of June 30, 2023.[2]Class B Common Stock, $0.01 par value per share, 30,000 shares authorized; 6,867 shares issued as of June 30, 2023.

Consolidated and Combined Bal_2

Consolidated and Combined Balance Sheets (Parenthetical) shares in Thousands	Jun. 30, 2023 $ / shares shares
Treasury shares (in shares)	840
Class A Common Stock
Common stock, par value per share (in dollars per share) \| $ / shares	$ 0.01
Common stock, shares authorized (in shares)	120,000
Common stock, shares, issued (in shares)	45,024
Class B Common Stock
Common stock, par value per share (in dollars per share) \| $ / shares	$ 0.01
Common stock, shares authorized (in shares)	30,000
Common stock, shares, issued (in shares)	6,867

Consolidated and Combined State

Consolidated and Combined Statements Of Operations - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenues	[1]	$ 851,496	$ 653,490	$ 81,812
Direct operating expenses	[1]	(499,929)	(417,301)	(96,236)
Selling, general and administrative expenses	[1]	(180,216)	(167,132)	(136,597)
Depreciation and amortization		(60,463)	(69,534)	(71,576)
Gains, net on dispositions		4,361	0	0
Restructuring charges		(10,241)	(5,171)	(14,691)
Operating income (loss)		105,008	(5,648)	(237,288)
Interest income	[1]	7,244	7,150	6,442
Interest expense		(51,869)	(53,110)	(33,735)
Loss on extinguishment of debt		0	(35,629)	0
Other income (expense), net		17,389	(49,033)	50,622
Income (loss) from operations before income taxes		77,772	(136,270)	(213,959)
Income tax (expense) benefit		(1,728)	70	(5,349)
Net income (loss)		76,044	(136,200)	(219,308)
Less: Net loss attributable to nonredeemable noncontrolling interest		(553)	(2,864)	(694)
Net income (loss) attributable to MSG Entertainment's stockholders		$ 76,597	$ (133,336)	$ (218,614)
Earnings (loss) per share attributable to MSG Entertainment's stockholders:
Basic (in dollars per share)		$ 1.48	$ (2.58)	$ (4.22)
Diluted (in dollars per share)		$ 1.47	$ (2.58)	$ (4.22)
Weighted-average number of shares of common stock:
Basic (in shares)		51,819	51,768	51,768
Diluted (in shares)		52,278	51,768	51,768

[1]See Note 17. Related Party Transactions for further information on related party arrangements.

Consolidated and Combined Sta_2

Consolidated and Combined Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 76,044	$ (136,200)	$ (219,308)
Pension plans and postretirement plans:
Net unamortized losses arising during the period	(1,496)	(2,805)	(5,168)
Amortization of net actuarial loss included in net periodic benefit cost	520	1,420	1,191
Curtailments	0	0	156
Settlement loss	5	0	870
Other comprehensive loss, before income taxes	(971)	(1,385)	(2,951)
Income tax benefit related to items of other comprehensive income	176	243	461
Other comprehensive loss, net of income taxes	(795)	(1,142)	(2,490)
Comprehensive income (loss)	75,249	(137,342)	(221,798)
Less: Comprehensive loss attributable to nonredeemable noncontrolling interests	(553)	(2,864)	(694)
Comprehensive income (loss) attributable to MSG Entertainment's stockholders	$ 75,802	$ (134,478)	$ (221,104)

Consolidated and Combined Sta_3

Consolidated and Combined Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES:
Net income (loss)	$ 76,044	$ (136,200)	$ (219,308)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	60,463	69,534	71,576
Share-based compensation expense	31,813	39,357	40,663
Amortization of deferred financing costs	3,221	6,781	4,315
Provision for deferred income taxes	720	225	566
Related party paid in kind interest	(3,189)	(3,582)	(4,952)
Net unrealized (gain) loss on equity investments with readily determinable fair value	(16,050)	49,842	(53,505)
Provision for doubtful accounts (credit losses)	81	166	887
Non-cash lease expense	12,807	11,717	5,460
Gains, net on dispositions	(4,361)	0	0
Loss on extinguishment of debt	0	35,629	0
Write-off of deferred production costs	0	0	942
Change in assets and liabilities:
Prepaid expenses and other current and non-current assets	(31,363)	(42,408)	(10,838)
Accounts payable, accrued and other current and non-current liabilities	(696)	87,556	(9,523)
Deferred revenue	24,254	4,173	19,677
Operating lease right-of-use assets and lease liabilities	(13,857)	(12,113)	110
Net cash provided by (used in) operating activities	135,694	95,351	(148,118)
INVESTING ACTIVITIES
Capital expenditures	(15,188)	(15,797)	(10,315)
(Purchase) proceeds from sale of investments		(350)
(Purchase) proceeds from sale of investments	24,289		21,976
Proceeds from dispositions, net	27,904	0	0
Proceeds from loan receivable	0	68,367	0
Loan to related parties	(6,700)	(6,780)	(22,000)
Net cash provided by (used in) investing activities	30,305	45,440	(10,339)
FINANCING ACTIVITIES
Proceeds from issuance of term loan, net of issuance discount	304	650,000	630,500
Principal repayments on long-term debt	(20,126)	(646,750)	(3,250)
Proceeds from revolving credit facilities	0	29,100	0
Stock repurchases	(25,000)	0	0
Debt extinguishment costs	0	(12,838)	0
Payments for debt financing costs	0	(16,060)	(14,417)
Net transfers to Sphere Entertainment and Sphere Entertainment's subsidiaries	(99,395)	(399,739)	(139,345)
Net cash provided by (used in) financing activities	(144,217)	(396,287)	473,488
Net increase (decrease) in cash, cash equivalents and restricted cash	21,782	(255,496)	315,031
Cash, cash equivalents and restricted cash at beginning of period	62,573	318,069	3,038
Cash, cash equivalents and restricted cash at end of period	84,355	62,573	318,069
Non-cash investing and financing activities:
Capital expenditures incurred but not yet paid	761	1,585	1,083
Related party loan payable assigned to the Company	53,656	0	0
Non-cash reduction of loan receivable from related party	5,350	4,019	0
Nonrelated Party
Change in assets and liabilities:
Accounts receivable, net	38,844	(34,861)	(18,819)
Related Party
Change in assets and liabilities:
Accounts receivable, net	$ (43,037)	$ 19,535	$ 24,631

Consolidated and Combined Sta_4

Consolidated and Combined Statements of Equity (Deficit) - USD ($) shares in Thousands, $ in Thousands	Total	Total Madison Square Garden Entertainment Corp. Stockholders' Equity (Deficit)	Common Stock	Sphere Entertainment Co. Investment	Additional Paid-Capital	Treasury Stock	Accumulated deficit	Accumulated Other Comprehensive Loss	Non-redeemable Noncontrolling Interests
Balance at the beginning of the period at Jun. 30, 2020	$ 818,610	$ 815,166	$ 0	$ 846,274	$ 0	$ 0	$ 0	$ (31,108)	$ 3,444
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(219,308)	(218,614)		(218,614)					(694)
Other comprehensive loss	(2,490)	(2,490)						(2,490)
Comprehensive loss	(221,798)	(221,104)							(694)
Net decrease in Sphere Entertainment Co. Investment	(98,160)	(98,160)		(98,160)
Balance at the end of the period at Jun. 30, 2021	498,652	495,902	0	529,500	0	0	0	(33,598)	2,750
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(136,200)	(133,336)		(133,336)					(2,864)
Other comprehensive loss	(1,142)	(1,142)						(1,142)
Comprehensive loss	(137,342)	(134,478)							(2,864)
Net decrease in Sphere Entertainment Co. Investment	(362,899)	(362,899)		(362,899)
Balance at the end of the period at Jun. 30, 2022	(1,589)	(1,475)	$ 0	33,265	0	0	0	(34,740)	(114)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	76,044	76,597		105,294			(28,697)		(553)
Other comprehensive loss	(795)	(795)						(795)
Comprehensive loss	75,249	75,802							(553)
Share-based compensation	5,981	5,981			5,981
BCE Disposition	667								667
Net decrease in Sphere Entertainment Co. Investment	(105,794)	(105,794)		(105,794)
Issuance of common stock and reclassification of Sphere Entertainment Co. Investment (in shares)			519
Issuance of common stock and reclassification of Sphere Entertainment Co. Investment	(18,736)	(18,736)		(32,765)	11,996			1,514
Stock repurchases, inclusive of tax	(25,250)	(25,250)			(250)	(25,000)
Balance at the end of the period at Jun. 30, 2023	$ (69,472)	$ (69,472)	$ 519	$ 0	$ 17,727	$ (25,000)	$ (28,697)	$ (34,021)	$ 0

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	Jun. 30, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	(Additions) / Deductions Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at End of Period Year Ended June 30, 2023 Allowance for doubtful accounts / credit losses $ (3,710 ) $ (81 ) $ — $ 3,319 $ (472 ) Deferred tax valuation allowance (151,043 ) 34,147 21,544 (a) — (95,352 ) $ (154,753 ) $ 34,066 $ 21,544 $ 3,319 $ (95,824 ) Year Ended June 30, 2022 Allowance for doubtful accounts / credit losses $ (4,167 ) $ (166 ) $ — $ 623 $ (3,710 ) Deferred tax valuation allowance (119,135 ) (31,679 ) (229 ) — (151,043 ) $ (123,302 ) $ (31,845 ) $ (229 ) $ 623 $ (154,753 ) Year Ended June 30, 2021 Allowance for doubtful accounts / credit losses $ (3,926 ) $ (887 ) $ — $ 646 $ (4,167 ) Deferred tax valuation allowance (39,030 ) (70,501 ) (9,604 ) — (119,135 ) $ (42,956 ) $ (71,388 ) $ (9,604 ) $ 646 $ (123,302 ) (a) Prior to the MSGE Distribution, the Company’s collection for ticket sales, sponsorships and suite rentals in advance were recorded as deferred revenue and were recognized as revenues when earned for both accounting and tax purposes. The tax recognition on most of these deferred revenues was accelerated to the date of the MSGE Distribution and is the responsibility of Sphere Entertainment. The Company will not reimburse Sphere Entertainment for such taxes. At the time of the MSGE Distribution, the Company recorded a deferred tax asset and a corresponding valuation allowance of $71,395 with regard to the deferred revenue acceleration for income tax purposes. Additionally, the Company’s historical consolidated and combined financial statements for periods prior to the MSGE Distribution reflect net operating losses (“NOLs”) and tax credits calculated on a separate return basis. These NOL carryforwards were calculated as if the Company operated as a separate stand-alone entity. Due to the MSGE Distribution, the NOLs and tax credits did not carry over to the Company in the amount of $106,272 and was recorded to deferred tax liability with an equal and offsetting entry to the valuation allowance. Additionally, $13,333 was recorded related to other deferred taxes with an equal and offsetting entry to the valuation allowance.

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
Description of Business and Basis of Presentation	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Note 1. Description of Business and Basis of Presentation Description of Business Madison Square Garden Entertainment Corp., formerly MSGE Spinco, Inc. (the “Company”) is a live entertainment company comprised of iconic venues and marquee entertainment content. 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 operates and reports financial information in one reportable segment. The Company’s decision to organize as one reportable segment is based upon its internal organizational structure, the manner in which its operations are managed, and the criteria used by the Company’s Executive Chairman and Chief Executive Officer, its Chief Operating Decision Maker (“CODM”), to evaluate segment performance. The Company’s CODM reviews total company operating results to assess overall performance and allocate resources. The Company’s portfolio of venues includes: Madison Square Garden (“The Garden”), The Theater at Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre. The Company also owns and produces the original production, the Christmas Spectacular Starring the Radio City Rockettes Christmas Spectacular The Company conducts a significant portion of its operations at venues that it either owns or operates under long-term leases. The Company owns The Garden, The Theater at Madison Square Garden and The Chicago Theatre, and leases Radio City Music Hall and the Beacon Theatre. All of the Company’s revenues and assets are attributed to or located in the United States and are primarily concentrated in the New York City metropolitan area. MSG Entertainment Distribution On April 20, 2023 (the “MSGE Distribution Date”), Sphere Entertainment Co., formerly Madison Square Garden Entertainment Corp. (“Sphere Entertainment”), distributed approximately 67% of the outstanding common stock of Madison Square Garden Entertainment Corp., formerly MSGE Spinco, Inc. (“MSG Entertainment” or the “Company”), to its stockholders (the “MSGE Distribution”), with Sphere Entertainment retaining approximately 33% of the outstanding common stock of MSG Entertainment (in the form of Class A common stock) (the “MSGE Retained Interest”) immediately following the MSGE Distribution. As a result, the Company became an independent publicly traded company on April 21, 2023 through the MSGE Distribution. As of August 9, 2023, Sphere Entertainment owned approximately 17% of the outstanding common stock of the Company (in the form of Class A common stock). In the MSGE Distribution, stockholders of Sphere Entertainment received (a) one share of MSG Entertainment’s Class A common stock, par value $0.01 per share (“Class A common stock”), for every share of Sphere Entertainment’s Class A common stock, par value $0.01 per share, held of record as of the close of business, New York City time, on April 14, 2023 (the “Record Date”), and (b) one share of MSG Entertainment’s Class B common stock (“Class B common stock”), par value $0.01 per share, for every share of Sphere Entertainment’s Class B common stock, par value $0.01 per share, held of record as of the close of business, New York City time, on the Record Basis of Presentation The Company reports on a fiscal year basis ending on June 30. In these consolidated and combined financial statements, the fiscal years ended June 30, 2023, 2022, and 2021 are referred to as “Fiscal Year 2023”, “Fiscal Year 2022”, and “Fiscal Year 2021”, respectively, and the fiscal year ending June 30, 2024 is referred to as “Fiscal Year 2024”. Subsequent to the MSGE Distribution, the Company’s financial statements as of June 30, 2023 and for the period from April 21, 2023 to June 30, 2023 included in the year ended June 30, 2023 are presented on a consolidated basis, as the Company became a standalone public company on April 21, 2023. The Company’s combined financial statements as of June 30, 2022 and for the years ended June 30, 2022 and 2021, as well as the financial information from July 1, 2022 through April 20, 2023 that is included in the results of operations for the year ended June 30, 2023 were prepared on a stand-alone basis derived from the consolidated financial statements and accounting records of Sphere Entertainment. These financial statements reflect the combined historical results of operations, financial position and cash flows of the Company in accordance with U.S. generally accepted accounting principles (“GAAP”) and SEC Staff Accounting Bulletin (SAB) Topic 1-B, Allocation of Expenses and Related Disclosure in Financial Statements of Subsidiaries, Divisions or Lesser Business Components of Another Entity FASB Accounting Standards Codification, Prior to April 21, 2023, separate financial statements had not been prepared for the Company and it has not operated as a stand-alone business from Sphere Entertainment. The combined financial statements include certain assets and liabilities that have historically been held by Sphere Entertainment or by other Sphere Entertainment subsidiaries but are specifically identifiable or otherwise attributable to the Company. The combined financial statements are presented as if the Company’s businesses had been combined for all periods presented. The assets and liabilities in the combined financial statements have been reflected on a historical cost basis, as immediately prior to the MSGE Distribution all of the assets and liabilities presented were wholly owned by Sphere Entertainment and are being transferred to the Company at a carry-over basis. The financial information from July 1, 2022 through April 20, 2023 that is included in the results of operations After the MSGE Distribution, the Company has been providing certain of these services to Sphere Entertainment through a transition services agreement (“TSA”), since certain employees providing support functions were transferred to the Company as part of the MSGE Distribution. Management believes the assumptions underlying the combined financial statements, including the assumptions regarding allocating general corporate expenses, are reasonable. Nevertheless, the combined financial statements may not include all of the actual expenses that would have been incurred by the Company and may not reflect its combined results of operations, financial position and cash flows had it been a stand-alone company during the periods presented. Actual costs that would have been incurred if the Company had been a stand-alone company would depend on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. The Company is unable to quantify the amounts that it As of the MSGE Distribution Date, Sphere Entertainment’s net investment in the Company was contributed to Sphere Entertainment’s stockholders through the distribution of approximately 67% of the common stock of the Company. The par value of the Company’s stock was recorded as a component of common stock, with the remaining balance recorded as retained deficit in the consolidated balance sheet on the MSGE Distribution Date. Impact of the COVID-19 The Company’s operations and operating results were not materially impacted by the COVID Christmas Spectacular It is unclear to what extent COVID-19, government-or

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies A. Principles of Consolidation and Combination Beginning April 21, 2023, the consolidated financial statements of the Company include the accounts of the Company and its subsidiaries. All significant intercompany accounts and balances within the Company’s combined businesses have been eliminated. For the periods prior to the MSGE Distribution Date, the combined financial statements include certain assets and liabilities that were historically held at Sphere Entertainment’s corporate level but were specifically identifiable or otherwise attributable to the Company. Certain historical intercompany transactions between Sphere Entertainment and the Company have been included as components of the Sphere Entertainment’s investment in the combined financial statements, as they are considered to be effectively settled upon effectiveness of the MSGE Distribution and were not historically settled in cash. Certain other historical intercompany transactions between Sphere Entertainment and the Company have been classified as related party, rather than intercompany, in the combined financial statements as they were historically settled in cash. Expenses related to corporate allocations from the Company to Sphere Entertainment prior to the MSGE Distribution are considered to be effectively settled in the combined financial statements at the time the transaction is recorded, with the offset recorded against Sphere Entertainment’s investment in the Company. See Note 17. Related Party Transactions, for further information on related party arrangements. The Company disposed of its controlling interest in Boston Calling Events, LLC (“BCE”) on December 2, 2022 and these consolidated and combined financial statements reflect the results of operations of BCE until its disposition. See Note 3. Dispositions, for details regarding the disposal. B. Use of Estimates The preparation of the accompanying consolidated and combined financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and the unde matters 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 consolidated and combined financial statements in future periods. C. Revenue Recognition The Company recognizes revenue when, or as, performance obligations under the terms of a contract are satisfied, which generally occurs when, or as, control of promised goods or services is transferred to customers. Revenue is measured as the amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services (“transaction price”). To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing the most likely amount to which the Company expects to be entitled. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. Estimates of variable consideration and the determination of whether to include such estimated amounts in the transaction price are based largely on an assessment of the Company’s anticipated performance and all information that is reasonably available. The Company accounts for taxes collected from customers and remitted to governmental authorities on a net basis and excludes these amounts from revenues. In addition, the Company defers certain costs to fulfill the Company’s contracts with customers to the extent such costs relate directly to the contracts, are expected to generate resources that will be used to satisfy the Company’s performance obligations under the contracts, and are expected to be recovered through revenue generated under the contracts. Contract fulfillment costs are expensed as the Company satisfies the related performance obligations. Arrangements with Multiple Performance Obligations The Company enters into arrangements with multiple performance obligations, such as multi-year sponsorship agreements, which may derive revenues for the Company, as well as Sphere Entertainment and MSG Sports within a single arrangement. The Company also derives revenue from similar types of arrangements which are entered into by MSG Sports. Payment terms for such arrangements can vary by contract, but payments are generally due in installments throughout the contractual term. The performance obligations included in each sponsorship agreement vary and may include advertising and other benefits such as, but not limited to, signage at The Garden and the Company’s other venues, digital advertising, event or property-specific advertising, as well as non-advertising The The Company may incur costs such as commissions to obtain its multi Principal versus Agent Revenue Recognition The Company reports revenue on a gross or net basis based on management’s assessment of whether the Company acts as a principal or agent in the transaction. The determination of whether the Company acts as a principal or an agent in a transaction is based on an evaluation of whether the Company controls the good or service before transfer to the customer. When the Company concludes that it controls the good or service before transfer to the customer, the Company is considered a principal in the transaction and records revenue on a gross basis. When the Company concludes that it does not control the good or service before transfer to the customer but arranges for another entity to provide the good or service, the Company acts as an agent and records revenue on a net basis in the amount it earns for its agency service. Contract Balances Amounts collected in advance of the Company’s satisfaction of its contractual performance obligations are recorded as a contract liability within deferred revenue, and are recognized as the Company satisfies the related performance obligations. Amounts collected in advance of events for which the Company is not the promoter or co-promoter D. Direct Operating Expenses Direct operating expenses include, but are not limited to, event costs related to the presentation and production of the Company’s live entertainment and sporting events, revenue sharing expenses associated with signage, sponsorship and suite license fee revenue and in-venue Production Costs for the Company’s Original Productions The Company defers certain costs of productions such as creative design, scenery, wardrobes, rehearsal and other related costs for the Company’s proprietary shows. Deferred production costs are amortized on a straight-line basis over the course of a production’s performance period using the expected life of a show’s assets. Deferred production costs are subject to recoverability assessments whenever there is an indication of potential impairment. Revenue Sharing Expenses Revenue sharing expenses are determined based on contractual agreements between the Company and MSG Sports, primarily related to suite license, certain internal signage and in-venue E. Advertising Expenses Advertising costs are typically charged to expense when incurred. Total advertising costs expensed were $8,832, $7,995, and $269 for Fiscal Years 2023, 2022 and 2021, respectively. F. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Prior to the MSGE Distribution and for periods presented prior to April 21, 2023, income tax expense has been recorded as if the Company filed tax returns on a standalone basis separate from Sphere Entertainment. This separate return methodology applies to accounting guidance for income taxes in the combined financial statements as if the Company was a standalone public company for the periods prior to the MSGE Distribution. Therefore, cash tax payments and items of current and deferred taxes may not be reflective of the Company’s actual tax balances prior to or subsequent to the MSGE Distribution. Prior to the MSGE Distribution, the Company’s operating results were included in Sphere Entertainment’s consolidated U.S. federal and state income tax returns. Pursuant to rules promulgated by the Internal Revenue Service and various state taxing authorities, the Company expects to file its initial U.S. income tax return for the period from April 21, 2023 through June 30, 2023. In addition, although deferred tax assets have been recognized for NOLs and tax credits in accordance with the separate return method, such NOLs and credits did not carry over with the Company in connection with the MSGE Distribution. G. Share-based Compensation For periods prior to the MSGE Distribution Date, certain employees of the Company participated in Sphere Entertainment’s share-based compensation plans. Share-based compensation expense has been attributed to the Company based on the awards and terms previously granted to Sphere Entertainment’s employees. For purposes of the consolidated and combined financial statements, an allocation to Sphere Entertainment of share-based compensation expense related to corporate employees was recorded. In addition, Share-based compensation expense attributed to the Company’s direct employees was recorded in the combined financial statements. Share-based compensation expense related to directors and corporate executives of Sphere Entertainment has been allocated on a proportional basis, which management has deemed to be reasonable. Following the MSGE Distribution, the Company measures the cost of employee services received in exchange for an award of equity-based instruments based on the grant date fair value of the award. Share-based compensation cost is recognized in earnings over the period during which an employee is required to provide service in exchange for the award, except for restricted stock units granted to non-employee The Company accounts for forfeitures as they occur, rather than estimating expected H. Earnings (Loss) Per Share For the periods after the MSGE Distribution Date, basic per-share On the MSGE Distribution Date, 51,768 shares of common stock of the Company, inclusive of 17,021 shares of Class A common stock related to the MSGE Retained Interest, were outstanding as of April 20, 2023. This share amount is being utilized for the calculation of basic earnings (loss) per share for Fiscal Years 2022 and 2021 because the Company was not a standalone public company prior to the MSGE Distribution. In addition, for Fiscal Years 2022 and 2021 the computation of diluted earnings per share equals the basic earnings (loss) per share calculation since there was no stock trading information available to compute dilutive effect of shares issuable under share-based compensation plans needed under the treasury method in accordance with ASC Topic 260, Earnings Per Share. I. Cash and Cash Equivalents The Company considers the balance of its investment in funds that substantially hold highly liquid securities that mature within three months or less from the date the fund purchases these securities to be cash equivalents. The carrying amount of cash and cash equivalents either approximates fair value due to the short-term maturity of these instruments or is at fair value. Checks outstanding in excess of related book balances are included in accounts payable in the accompanying consolidated and combined balance sheets. The Company presents the change in these book cash overdrafts as cash flows from operating activities. J. Restricted Cash 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. The carrying amount of restricted cash approximates fair value due to the short-term maturity of these instruments. K. Short-Term Investments Short-term investments include investments that (i) have original maturities of greater than three months and (ii) the Company has the ability to convert into cash within one year. The Company classifies its short-term investments at the time of purchase as “held-to-maturity” re-evaluates L. Accounts Receivable Accounts receivable are recorded at net realizable value. The Company maintains an allowance for credit losses to reserve for potentially uncollectible receivables. The allowance for credit losses is estimated based on the Company’s consideration of credit risk and analysis of receivables aging, specific identification of certain receivables that are at risk of not being paid, past collection experience and other factors. The Company recognized an allowance of $472 and $3,710 for Fiscal Years 2023 and 2022, respectively. M. Investments in Equity Securities For the Company’s equity investments with readily determinable fair values, changes in the fair value of those investments are measured quarterly and are recorded within Other income (expense), net in the accompanying consolidated and combined statements of operations. N. Property and Equipment and Other Long-Lived Assets Property and equipment and other long-lived assets, including amortizable intangible assets, are stated at cost or acquisition date fair value, if acquired. Expenditures for new facilities or equipment, and expenditures that extend the useful lives of existing facilities or equipment, are capitalized and recorded at cost. The useful lives of the Company’s long-lived assets are based on estimates of the period over which the Company expects the assets to be of economic benefit to the Company. In estimating the useful lives, the Company considers factors such as, but not limited to, risk of obsolescence, anticipated use, plans of the Company, and applicable laws and permit requirements. Depreciation starts on the date when the asset is available for its intended use. Construction in progress assets are not depreciated until available for their intended use. Costs of maintenance and repairs are expensed as incurred. The major categories of property and equipment are depreciated on a straight-line basis using the estimated lives indicated below: Estimated Useful Lives Buildings Up to 40 years Equipment 1 year to 20 years Furniture and fixtures 1 year to 10 years Leasehold improvements Shorter of term of lease or useful life of improvement Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives: Estimated Useful Lives Trade names 7 years Festival rights 7 years Other intangibles 15 years O. Goodwill and Indefinite-Lived Assets Under the acquisition method of accounting, the Company recognizes separately from goodwill the identifiable assets acquired, the liabilities assumed, and any noncontrolling interests in an acquiree, generally at the acquisition date fair value. The Company measures goodwill as of the acquisition date as the excess of consideration transferred, which is also measured at fair value over the net of the acquisition date amounts of the identifiable assets acquired and liabilities assumed. Costs that the Company incurs to complete a business combination such as investment banking, legal, and other professional fees are not considered part incurred. In addition, the Company recognizes measurement-period adjustments in the period in which the amount is determined, including the effect on earnings of any amounts the Company would have recorded in previous periods if the accounting had been completed at the acquisition date. Goodwill and identifiable intangible assets that have indefinite useful lives are not amortized. P. Impairment of Long-Lived and Indefinite-Lived Assets In assessing the recoverability of the Company’s long-lived and indefinite Goodwill is tested annually for impairment as of August 31st and at any time upon the occurrence of certain events or changes in circumstances. The Company has the option to perform a qualitative assessment to determine if an impairment is more likely than not to have occurred. If the Company can support the conclusion that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company would not need to perform a quantitative impairment test for that reporting unit. If the Company cannot support such a conclusion or the Company does not elect to perform the qualitative assessment, the Company would identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company generally determines the fair value of a reporting unit using an income approach, such as the discounted cash flow method, or other acceptable valuation techniques, including the cost approach, in instances when it does not perform the qualitative assessment of goodwill. The amount of an impairment loss is measured as the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Identifiable indefinite-lived intangible assets are tested annually for impairment as of August 31st and at any time upon the occurrence of certain events or substantive changes in circumstances. The Company has the option to perform a qualitative assessment to determine if an impairment is more likely than not to have occurred. In the qualitative assessment, the Company must evaluate the totality of qualitative factors, including any recent fair value measurements, that impact whether an indefinite-lived intangible asset other than goodwill has a carrying amount that more likely than not exceeds its fair value. The Company must proceed to conducting a quantitative analysis if the Company (i) determines that such an impairment is more likely than not to exist, or (ii) foregoes the qualitative assessment entirely. Under the quantitative assessment, the impairment test for identifiable indefinite-lived intangible assets consists of a comparison of the estimated fair value of the intangible asset with its carrying value. If the carrying value of the intangible asset exceeds its fair value, then an impairment loss is recognized in an amount equal to that excess. The Company generally determines the fair value of an indefinite-lived intangible asset using an income approach, such as the relief from royalty method, in instances when it does not perform the qualitative assessment of the intangible asset. For other long-lived assets, including property and equipment, right-of-use See Note 10. Goodwill and Intangible Assets for further discussion of impairment of goodwill and indefinite-lived intangibles. Q. Leases The Company’s leases primarily consist of certain venues, corporate office space, storage and, to a lesser extent, office and other equipment. The Company determines whether an arrangement contains a lease at the inception of the arrangement. If a lease is determined to exist, the lease term is assessed based on the date when the underlying asset is made available by the lessor for the Company’s use. The Company’s assessment of the lease term reflects the non-cancellable The Company determines lease classification as either operating or finance at lease commencement, which governs the pattern of expense recognition and the presentation reflected in the consolidated and combined statements of operations and statements of cash flows over the lease term. For leases with a term exceeding 12 months, a lease liability is recorded on the Company’s consolidated The Company includes fixed payment obligations related to non-lease non-lease For operating leases, fixed lease payments are recognized as lease expense on a straight-line basis over the lease term. For finance leases, the initial ROU asset is depreciated on a straight-line basis over the lease term, along with recognition of interest expense associated with accretion of the lease liability, which is ultimately reduced by the related fixed payments. For leases with a term of 12 months or less, any fixed lease payments are recognized on a straight-line basis over the lease term and are not recognized on the consolidated and combined balance sheets. Variable lease costs for both operating and finance leases, if any, are recognized as incurred and such costs are excluded from lease balances recorded on the consolidated and combined balance sheets. R. Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties S. Defined Benefit Pension Plans and Other Postretirement Benefit Plans As more fully described in Note 13, Pension Plans and Other Postretirement Benefit Plans certain employees of the Company participated in defined benefit pension plans sponsored by Sphere Entertainment prior to the MSGE Distribution. After the MSGE Distribution, Sphere Entertainment transferred the sponsorship of certain funded defined benefit plans to the Company, The Company accounts for the transferred defined benefit pension plans under the guidance of ASC Topic 715, Compensation—Retirement Benefits Actuarial gains and losses that have not yet been recognized through the consolidated and combined statements of operations are recorded in accumulated other comprehensive income (loss) until they are amortized as a component of net periodic benefit cost through other comprehensive income (loss). After the MSGE Distribution Date, the Company has both funded and unfunded defined benefit plans, as well as a contributory other postretirement benefit plan, covering certain full-time employees and retirees. The expense recognized by the Company is determined using certain assumptions, including the expected long-term rate of return and discount rates, among others. The Company recognizes the funded status of its defined benefit pension and other postretirement plans(other than multiemployer plans) as an asset or liability in the consolidated and combined balance sheets and recognizes changes in the funded status in the year in which the changes occur through other comprehensive income (loss). T. Fair Value Measurements The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value • Level I—Quoted prices for identical instruments in active markets. • Level II—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level III—Instruments whose significant value drivers are unobservable. U. Concentrations of Risk Financial instruments that may potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents. Cash and cash equivalents are invested in money market accounts and time deposits. The Company monitors the financial institutions and money market funds where it invests its cash and cash equivalents with diversification among counterparties to mitigate exposure to any single financial institution. The Company’s emphasis is primarily on safety of principal and liquidity, and secondarily on maximizing the yield on its investments. V. Recently Adopted Accounting Pronouncements Recently Adopted Accounting Pronouncements In December 2019, the FASB issued Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting No. 2021-01, 2022 No. 2020-04 statements

Dispositions

Dispositions	12 Months Ended
Dispositions	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Dispositions	Note 3. Dispositions Disposition of Our Interest in Boston Calling Events The Company entered into an agreement on December 1, 2022 to sell its controlling E (the S-X 11-01(d)-1 Business Combinations 205-20— Discontinued 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 $4,383, net of transaction costs. The loss on the aircraft disposition was recorded in Gains, net on dispositions

Revenue Recognition

Revenue Recognition	12 Months Ended
Revenue Recognition	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 4. Revenue Recognition For Fiscal Years 2023, 2022 and 2021, all revenue recognized in the consolidated and combined statements of operations is considered to be revenue from contracts with customers in accordance with ASC Topic 606, Revenue From Contracts with Customers Arena License Agreements In Fiscal Year 2020, the Company entered into Arena License Agreements with MSG Sports that require the Knicks and the Rangers to play their home games at The Garden. These agreements also provide for the provision of certain services by the Company to MSG Sports for MSG Sports events that are held at The Garden and include revenue-sharing provisions for certain agreements entered into by the Company and MSG Sports. The Arena License Agreements contain both lease and non-lease non-lease During Fiscal Years 2023, 2022 and 2021, the Company recognized $68,068, $68,072 and $21,345, respectively, of revenues under the Arena License Agreements. Event Related Revenue The Company earns event related revenues principally from the sale of tickets for events that the Company produces or promotes/co-promotes, at the Company’s venues that the Company does not produce or promote/co-promote. The Company’s revenues also include revenue from the license of The Garden’s fixed-fee Other Revenue The Company also earns revenues from the sale of advertising in the form of venue signage and other forms of sponsorship, which are not related to any specific event of the Company or MSG Sports. The Company’s performance obligations with respect to this advertising are satisfied as the related benefits are delivered over the term of the respective agreements. Principal vs. Agent Considerations Revenue for the Company’s suite license arrangements is recorded on a gross basis, as the Company is the principal in such transactions and controls the related goods or services before transfer to the customer. MSG Sports is entitled to a share of the Company’s suite license revenue pursuant to the terms of the Arena License Agreements, which is recognized in the consolidated and combined statements of operations as a component of direct operating expenses. For sponsorship agreements entered into by the Company or by MSG Sports that contain performance obligations satisfied solely by the Company, revenue is generally recorded on a gross basis as the Company is the principal with respect to such performance obligations and controls the related goods or services before transfer to the customer. In accordance with the Arena License Agreements, MSG Sports is entitled to a share of the revenue generated from certain signage performance obligations where the Company is the principal. The Company records this signage revenue on a gross basis and MSG Sports’ share of such revenue as a component of direct operating expenses within the consolidated and combined statements of operations. For Fiscal Years 2023, 2022 and 2021, the Company recorded revenue-sharing expense of $119,017, $92,086 and $558, respectively, for MSG Sports’ share of the Company’s revenues from (i) suite licenses, (ii) certain signage and sponsorships, and (iii) food and beverage based upon the provisions of the underlying contractual arrangements, and on the basis of direct usage when specifically identified or allocated proportionally for all prior periods. In Fiscal Year 2020, the Company entered into advertising sales representation agreements with certain subsidiaries of MSG Sports. Pursuant to these agreements, the Company has the exclusive right and obligation to sell sponsorship assets on behalf of the respective subsidiaries of MSG Sports. The Company is entitled to both fixed and variable commissions under the terms of these agreements. The Company recognizes the fixed component ratably over the term of the arrangement which corresponds with the Company’s satisfaction of its service-based performance obligations. Variable commissions are earned and recognized as the related sponsorship performance obligations are satisfied by MSG Sports. The Company is not the principal in such arrangements as it does not control the related goods or services prior to transfer to the customer. As an agent under these arrangements, the Company recognizes the advertising commission revenue on a net basis. The Company was also party to an advertising sales representation agreement with MSG Networks until December 31, 2022. See Note 17. Related Party Transactions for more information regarding the advertising sales representation agreements with subsidiaries of MSG Sports and Sphere Entertainment. Disaggregation of Revenue The following table disaggregates the Company’s revenue by major source based upon the timing Year Ended June 30, 2023 2022 2021 Event-related and entertainment offerings (a) $ 546,304 $ 386,309 $ 14,062 Sponsorship, signage and suite licenses (b) 203,758 156,387 15,897 Other (c) 29,756 39,384 27,528 Total revenues from contracts with customers 779,818 582,080 57,487 Revenues from Arena License Agreements, leases and subleases 71,678 71,410 24,325 Total revenues $ 851,496 $ 653,490 $ 81,812 (a) Event-related and entertainment offerings revenues are recognized at a point in time. (b) See Note 2. Summary of Significant Accounting Policies, Revenue Recognition, and the discussion above within this Note for further details on the pattern of recognition of sponsorship, signage, and suite license revenues. (c) Primarily consists of (i) revenues from sponsorship sales and representation agreements with MSG Sports, and (ii) advertising commission revenues recognized from MSG Networks up to December 31, 2022. 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 table disaggregates the Company’s consolidated and combined revenues by type of goods or services in accordance with the required entity-wide disclosure requirements of ASC Subtopic 280-10-50-38 606-10-50-5 Year Ended June 30, 2023 2022 2021 Ticketing and venue license fee revenues (a) $ 360,596 $ 250,092 $ 8,311 Sponsorship and signage, suite, and advertising commission revenues ( b) 262,475 219,113 43,312 Food, beverage and merchandise revenues 151,126 109,915 3,078 Other 5,621 2,960 2,786 Total revenues from contracts with customers 779,818 582,080 57,487 Revenues from Arena License Agreements, leases and subleases 71,678 71,410 24,325 Total revenues $ 851,496 $ 653,490 $ 81,812 (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) live entertainment and other sporting events. (b) Amounts include (i) revenues from sponsorship sales and representation agreements with MSG Sports and (ii) advertising commission revenues recognized from MSG Networks until the termination of this agreement as of December 31, 2022. Contract Balances The following table provides information about the opening and closing contract balances from the Company’s contracts with customers as of June 30, 2023, 2022 and 2021. As of June 30, 2023 2022 2021 Receivables from contracts with customers, net (a) $ 69,295 $ 106,664 $ 72,978 Contract assets, current (b) 11,254 5,503 7,052 Deferred revenue, including non-current (c) 226,029 203,256 199,041 (a) As of June 30, 2023, 2022 and 2021, the Company’s receivables from contracts with customers above included $5,397, $4,163 and $5,172, respectively, related to various related parties. See Note 17. Related Party Transactions for further details on these related party arrangements. (b) Contract assets 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) Revenue recognized for Fiscal Year 2023 relating to the deferred revenue balance as of June 30, 2022 was $176,828. Transaction Price Allocated to the Remaining Performance Obligations The Company’s remaining performance obligations The following table depicts the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2023: As of June 30, 2023 Fiscal year ending June 30, 2024 $ 167,456 Fiscal year ending June 30, 2025 125,123 Fiscal year ending June 30, 2026 80,783 Fiscal year ending June 30, 2027 50,027 Fiscal year ending June 30, 2028 28,990 Thereafter 26,799 Total estimated revenue expected to be recognized in the future related to performance obligations $ 479,178

Restructuring Charges

Restructuring Charges	12 Months Ended
Restructuring Charges	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring Charges	Note 5. Restructuring Charges During Fiscal Year 2023, Sphere Entertainment implemented a cost reduction program which resulted in the recognition of termination benefits for a workforce reduction of certain executives and employees. The Company recognized restructuring charges of $10,241, net of contributory credits from the Company to Sphere Entertainment for the Company’s corporate employees. Restructuring charges are inclusive of $2,293 of share-based compensation expenses. As of June 30, 2023, the Company had a restructuring accrual of $2,530, shown in accounts payable, accrued and other current liabilities. For Fiscal Year 2022, the Company recorded restructuring charges of $5,171, net of contributory credits from the Company to Sphere Entertainment for the Company’s corporate employees. Restructuring charges are inclusive of $1,612 of share-based compensation expenses. As of June 30, 2022, the Company had a restructuring accrual of $3,210, shown in accounts payable, accrued and other current liabilities of which was paid prior to June 30, 2023. For Fiscal Year 2021, the Company recorded restructuring charges of $14,691, primarily related to termination benefits provided to employees, of which all amounts have been paid as of June 30, 2022. These measures included reductions in full-time workforce in August 2020 and November 2020.

Computation of Earnings per-Sha

Computation of Earnings per-Share	12 Months Ended
Computation of Earnings per-Share	Jun. 30, 2023
Earnings Per Share [Abstract]
Computation of Earnings per-Share	Note 6. Computation of Earnings per-Share On the MSGE Distribution Date, 51,768 shares of common stock of the Company, inclusive of 17,021 shares of Class . The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted earnings (loss) per share attributable to the Company’s stockholders. Years Ended June 30, 2023 2022 2021 Weighted-average shares (denominator): Weighted-average shares for basic EPS 51,819 51,768 51,768 Dilutive effect of shares issuable under share-based compensation plans (a) 459 — — Weighted-average shares for diluted EPS 52,278 51,768 51,768 Weighted-average anti-dilutive shares (a) 740 — — (a) For Fiscal Years 2022 and 2021, all restricted stock units and stock options were excluded from the above table because there was no stock trading information available to compute dilutive effect of shares issuable under share-based compensation plans under the treasury method in accordance with ASC Topic 260, Earnings Per Share.

Equity Investments With Readily

Equity Investments With Readily Determinable Fair Value	12 Months Ended
Equity Investments With Readily Determinable Fair Value	Jun. 30, 2023
Investments in and Advances to Affiliates [Abstract]
Equity Investments With Readily Determinable Fair Value	Note 7. Equity Investments With Readily Determinable Fair Value As of June 30, 2023 , • Townsquare is a media, entertainment and digital marketing solutions company that is listed on the New York Stock Exchange (the “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.” The fair value of the Company’s investments in Class A common stock of Townsquare and Class A common stock of DraftKings is 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. Therefore, the fair value of the Company’s investment in Class C co mm The carrying fair value of these investments, which is reported under Other non-current As of June 30, 2023 2022 Townsquare Class A common stock $ 6,945 $ 4,776 Townsquare Class C common stock 13,399 21,499 DraftKings Class A common stock 11,297 10,146 Total Equity investments with readily determinable fair value $ 31,641 $ 36,421 The following table summarizes the realized and unrealized gain (loss) on equity investments with readily determinable fair value, which is reported in Other income (expenses), net in the accompanying consolidated and combined statements of operations: Years ended June 30, 2023 2022 2021 Unrealized gain (loss)—Townsquare $ 7,644 $ (14,629 ) $ 26,563 Unrealized gain (loss)—DraftKings 8,406 (35,213 ) 26,942 Total Unrealized gains (loss) $ 16,050 $ (49,842 ) $ 53,505 Gain (loss) from shares sold—DraftKings 2,608 — (2,327 ) Gain (loss) from shares sold—Townsquare 975 — — Total realized and unrealized gain (loss) $ 19,633 $ (49,842 ) $ 51,178 Supplemental information on realized gain (loss): Shares of common stock sold—DraftKings 444 — 420 Cash proceeds from common stock sold—DraftKings $ 9,864 $ — $ 22,079 Shares of common stock sold—Townsquare 1,500 — — Cash proceeds from common stock sold—Townsquare $ 14,550 $ — $ —

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
Property and Equipment, Net	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Note 8. Property and Equipment, Net As of June 30, 2023 and 2022, property and equipment, net consisted of the following assets: As of June 30, 2023 2022 Land $ 62,768 $ 62,768 Buildings 999,205 995,965 Equipment 322,445 323,741 Aircraft (a) — 38,090 Furniture and fixtures 29,151 28,976 Leasehold improvements 105,877 105,877 Construction in progress 2,828 3,139 Total Property and equipment 1,522,274 1,558,556 Less accumulated depreciation and amortization (893,386 ) (862,477 ) Property and equipment, net $ 628,888 $ 696,079 (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 related accumulated depreciation of $13,689. Depreciation and amortization expense on property and equipment was $59,709, $63,696 and $70,588 for Fiscal Years 2023, 2022 and 2021, respectively.

Leases

Leases	12 Months Ended
Leases	Jun. 30, 2023
Leases [Abstract]
Leases	Note 9. Leases The following table summarizes the ROU assets and lease liabilities recorded on the Company’s consolidated and combined balance sheets as of June 30, 2023 and 2022: As of June 30, 2023 2022 ROU assets $ 235,790 $ 271,154 Lease liabilities: Operating leases, current (36,529 ) (39,006 ) Operating leases, non-current (219,955 ) (254,114 ) Total lease liabilities $ (256,484 ) $ (293,120 ) The following table summarizes the activity related to lease costs recorded within the Company’s consolidated and combined statements of operations for Fiscal Years 2023, 2022 and 2021: Line Item in the Company’s Consolidated and Combined Statements of Operations Years Ended June 30, 2023 2022 2021 Operating lease cost Direct operating expenses 20,729 $ 22,360 $ 20,138 Operating lease cost Selling, general and administrative expenses 11,176 9,782 9,773 Variable lease cost Direct operating expenses 346 147 247 Variable lease cost Selling, general and administrative expenses 39 41 39 Total lease cost $ 32,290 $ 32,330 $ 30,197 In November 2021, Sphere Entertainment executed an agreement with the existing landlord for its New York corporate office space, which was assigned to the Company in connection with the MSGE Distribution, pursuant to which it will be relocating from the space that the Company currentl y occupies t As of June 30, 2023 Fiscal Year 2024 $ — Fiscal Year 2025 10,121 Fiscal Year 2026 16,276 Fiscal Year 2027 39,207 Fiscal Year 2028 39,563 Thereafter (Fiscal Year 2029 to Fiscal Year 2046) 799,225 Total lease payments $ 904,392 Supplemental cash flow information related to operating leases is as follows: Years Ended June 30, 2023 2022 2021 Cash paid for amounts included in the measurement of operating lease liabilities $ 35,400 $ 33,312 $ 29,380 Lease assets obtained in exchange for new lease obligations $ 478 $ 298,100 $ — Maturities of operating lease liabilities as of June 30, 2023 were as follows: As of June 30, 2023 Fiscal year ending June 30, 2024 $ 38,324 Fiscal year ending June 30, 2025 28,899 Fiscal year ending June 30, 2026 10,527 Fiscal year ending June 30, 2027 22,788 Fiscal year ending June 30, 2028 22,927 Thereafter 230,772 Total lease payments 354,237 Less: imputed interest 97,753 Total lease liabilities $ 256,484 The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows: As of June 30, 2023 2022 Weighted average remaining lease term (in years) 12.85 12.90 Weighted average discount rate 4.77 % 4.79 % As of June 30, 2023, the Company’s existing operating leases, which are recorded on the accompanying c onso Lessor Arrangements The Company is party to Arena License Agreements with MSG Sports that, among other things, require the Knicks and the Rangers to play their home games at The Garden in exchange for fixed annual license fees scheduled to be paid monthly over the term of the agreements. The Company accounts for these license fees as operating lease revenue given that the Company provides MSG Sports with the right to direct the use of and obtain substantially all of the economic benefit from The Garden during Knicks and Rangers home games. Operating lease revenue is recognized on a straight-line basis over the lease term, adjusted pursuant to the terms of the Arena License Agreements. In the case of the Arena License Agreements, the lease terms relate to non-consecutive The Arena License Agreements provide that license fees are not required to be paid by MSG Sports during periods when The Garden is unavailable for use due to a force majeure event. As a result of government-mandated suspension of events at The Garden beginning on March 13, 2020 due to the impact of the COVID-19 revenues

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
Goodwill and Intangible Assets	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 10. Goodwill and Intangible Assets As of June 30, 2023 and 2022, the carrying amount of goodwill was $69,041. The Company has one reportable segment and one reporting unit. The Company’s indefinite-lived intangible assets as of June 30, 2023 and 2022 were as follows: As of June 30, 2023 2022 Trademarks $ 61,881 $ 61,881 Photographic related rights 1,920 1,920 Total indefinite-lived intangible assets $ 63,801 $ 63,801 On August 31, 2022 and 2021, the Company performed its annual impairment tests of goodwill and indefinite-lived intangible assets and determined that there were no impairments of goodwill and indefinite-lived intangible assets identified as of the impairment test date. The Company’s intangible assets subject to amor tizati June 30, 2023 Gross Accumulated Amortization Net Other intangibles (a) $ 4,217 $ (4,217 ) $ — Total amortizable intangible assets $ 4,217 $ (4,217 ) $ — June 30, 2022 Gross Accumulated Amortization Net Trade names (b) $ 2,530 $ (2,169 ) $ 361 Festival rights (b) 8,080 (6,926 ) 1,154 Other intangibles 4,217 (4,094 ) 123 Total amortizable intangible assets $ 14,827 $ (13,189 ) $ 1,638 (a) The Other intangibles were fully amortized. (b) On December 2, 2022, the Company completed the BCE Disposition (see Note 3. Dispositions) which resulted in a reduction of gross assets and accumulated amortization related to festival rights and trade names, associated with the BCE Disposition. Amortization expense for intangible assets was $754, $5,838, and $988 for Fiscal Years 2023, 2022, and 2021, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11. Commitments and Contingencies Commitments As of June 30, 2023, commitments of the Company in the normal course of business in excess of one year were as follows: Commitments June 30 2024 June 30 2025 June 30 2026 June 30 2027 June 30 2028 Thereafter Total Contractual obligations $ 11,225 $ 12,588 $ 16,276 $ 39,207 $ 39,563 $ 799,225 $ 918,084 Letters of credit 8,382 — — — — — 8,382 Total commitments $ 19,607 $ 12,588 $ 16,276 $ 39,207 $ 39,563 $ 799,225 $ 926,466 See Note 9. Leases for more information regarding the Company’s contractually obligated minimum lease payments for operating leases having an initial non-cancelable See Note 12. Credit Facilities for more information regarding the principal repayments required under the National Properties Facilities. Delayed Draw Term Loan Facility On April 20, 2023, a subsidiary of the Company, MSG Entertainment Holdings, LLC (“MSG Entertainment Holdings”), entered into a delayed draw term loan facility (the “DDTL Facility”) with Sphere Entertainment. Pursuant to the DDTL Facility, MSG Entertainment Holdings has committed to lend up to $65,000 in delayed draw term loans to Sphere Entertainment on an unsecured basis until October 20, 2024. Borrowings under the DDTL Facility will bear interest at a variable rate equal to either, at the option of Sphere Entertainment, (a) a base rate plus an applicable margin, or (b) Term SOFR plus 0.10%, plus an applicable margin. The applicable margin equals the applicable margin under the National Properties Facilities (as defined below), plus 1.00% per annum. Subject to customary borrowing conditions, the DDTL Facility is drawable in up to six separate borrowings of $5,000 or more. The DDTL Facility is prepayable at any time without penalty and amounts repaid on the DDTL Facility may not be reborrowed. If drawn, Sphere Entertainment has the option to make any payments of principal, interest or fees under the DDTL Facility either in cash or by delivering to MSG Entertainment Holdings shares of MSG Entertainment Class A common stock. If Sphere Entertainment elects to make any payment in the form of MSG Entertainment Class A common stock, the amount of such payment would be calculated based on the dollar volume-weighted average trading price for MSG Entertainment Class A common stock for the 20 trading days ending on the day on which Sphere Entertainment made such election. The DDTL Facility contains certain representations and warranties and affirmative and negative covenants, including, among others, financial reporting, notices of material events, and limitations on asset dispositions restricted payments, and affiliate transactions. On July 14, 2023, Sphere Entertainment drew down the full amount of $65,000 under the DDTL Facility. On August 9, 2023, Sphere Entertainment repaid the full principal amount of the DDTL Facility and accrued interest and commitment fees by delivering to 1,923 shares of MSG Entertainment Class A common stock to the Company. Legal Matters The Company is a defendant in various lawsuits. Although the outcome of these lawsuits cannot be predicted with certainty (including the extent of available insurance, if any), management does not believe that resolution of these lawsuits will have a material adverse effect on the Company.

Credit Facilities

Credit Facilities	12 Months Ended
Credit Facilities	Jun. 30, 2023
Debt Disclosure [Abstract]
Credit Facilities	Note 12. Credit Facilities The following table summarizes the presentation of the outstanding balances under the Company’s credit and other debt agreements as of June 30, 2023 and 2022: As of June 30, 2023 2022 Current Portion National Properties Term Loan Facility $ 16,250 $ 8,125 Other debt — 637 Current portion of long-term debt $ 16,250 $ 8,762 June 30, 2023 June 30, 2022 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current National Properties Term Loan Facility $ 625,625 $ (12,845 ) $ 612,780 $ 641,875 $ (16,063 ) $ 625,812 National Properties Revolving Credit Facility 17,100 — 17,100 29,100 — 29,100 Other debt 304 — 304 — — — Long-term debt, net of deferred financing costs $ 643,029 $ (12,845 ) $ 630,184 $ 670,975 $ (16,063 ) $ 654,912 National Properties Facilities General. Proceeds. Facil Interest Rates. Principal Repayments. Covenants. leverage ratio covenant began testing in the fiscal quarter ended 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 June 30, 2023, 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 wit Guarantors and Collateral. All obligations under the National Properties 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. 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. Accounting Treatment. Debt Maturities Maturities for the outstanding debt balances as of June 30, 2023 were as follows: National Properties Facilities Other debt Total Fiscal year ending June 30, 2024 $ 16,250 $ — $ 16,250 Fiscal year ending June 30, 2025 16,250 304 16,554 Fiscal year ending June 30, 2026 32,500 — 32,500 Fiscal year ending June 30, 2027 593,975 — 593,975 Fiscal year ending June 30, 2028 — — — Thereafter — — — $ 658,975 $ 304 $ 659,279 Interest payments and loan principal repayments made by the Company under the National Properties Credit Agreement were as follows: Interest Payments Loan Principal Repayments Year Ended June 30, Year Ended June 30, 2023 2022 2021 2023 2022 2021 National Properties Facilities 48,548 52,163 22,879 20,125 646,750 3,250 The carrying value and fair value of the Company’s financial instruments reported in the accompanying consolidated and combined balance sheets were as follows: June 30, 2023 June 30, 2022 Carrying Value (a) Fair Value Carrying Value (a) Fair Value Liabilities: National Properties Facilities $ 658,975 $ 655,509 $ 679,100 $ 679,100 Other debt 304 304 637 637 Total $ 659,279 $ 655,813 $ 679,737 $ 679,737 (a) The total carrying value of the Company’s financial instruments as of June 30, 2023 and June 30, 2022 is equal to the current and noncurrent principal payments for the Company’s credit agreements excluding unamortized deferred financing costs of $12,845 and $16,063, respectively. The Company’s long-term debt is classified within Level II of the fair value hierarchy as it is valued using quoted indices of similar instruments for which the inputs are readily observable.

Pension Plans and Other Postret

Pension Plans and Other Postretirement Benefit Plans	12 Months Ended
Pension Plans and Other Postretirement Benefit Plans	Jun. 30, 2023
Retirement Benefits [Abstract]
Pension Plans and Other Postretirement Benefit Plans	Note 13. Pension Plans and Other Postretirement Benefit Plans Prior to the MSGE Distribution, Sphere Entertainment sponsored both funded and unfunded defined benefit plans, as well as a postretirement benefit plan, covering certain full-time employees and retirees of the Company. In connection with the MSGE Distribution, the sponsorship of certain plans was transferred to the Company as described below. In connection with the MSGE Distribution, the Company also established certain non-qualified Defined Benefit Pension Plans and Postretirement Benefit Plans After the MSGE Distribution, sponsorship of a non-contributory, non-union non-contributory, non-qualified non-contributory non-union MSG Entertainment also sponsors an unfunded non-contributory, non-qualified Lastly, in connection with the MSGE Distribution, sponsorship of a non-contributory, qualified The Cash Balance Plans, Union Plan, and Excess Plan are collectively referred to as the “pension plans.” MSG Entertainment also sponsors a welfare plan (the “Postretirement Plan”) which provides certain postretirement healthcare benefits to certain employees of the Company hired prior to January 1, 2001, who are eligible to commence receipt of early or normal benefits under the Cash Balance Pension Plan, and their dependents, as well as certain union employees. Prior to the MSGE Distribution, Sphere Entertainment was the legal sponsor of the pension plans and Postretirement Plan. For purposes of the combined financial statements, it was determined that these plans’ assets and liabilities were attributable to the Company. Therefore, the combined financial statements for periods prior to the MSGE Distribution reflect the full impact of the pension plans and Postretirement Plan on both the combined statements of operations and combined balance sheets. As discussed above, the Pension Plans and Postretirement Plan were transferred to the Company. The following table summarizes the projected benefit obligations, assets, funded status and the amounts recorded on the Company’s consolidated and combined balance sheets as of June 30, 2023 and 2022, associated with the pension plans and Postretirement Plan based upon actuarial valuations as of those measurement dates. Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Change in benefit obligation: Benefit obligation at beginning of period $ 135,916 $ 171,897 $ 2,463 $ 3,218 Service cost 68 120 25 32 Interest cost 5,874 3,708 97 42 Actuarial loss (gain) (a) (3,753 ) (33,344 ) 304 (501 ) Benefits paid (7,139 ) (6,465 ) (372 ) (328 ) Plan settlements paid (97 ) — — — Other (144 ) — — — Benefit obligation at end of period 130,725 135,916 2,517 2,463 Change in plan assets: Fair value of plan assets at beginning of period 108,978 145,651 — — Actual return on plan assets 1,782 (30,667 ) — — Employer contributions 250 400 — — Benefits paid (7,080 ) (6,406 ) — — Administrative expenses paid (1,694 ) — — — Fair value of plan assets at end of period 102,236 108,978 — — Funded status at end of period $ (28,489 ) $ (26,938 ) $ (2,517 ) $ (2,463 ) (a) In Fiscal Year 2023, the actuarial gains on the benefit obligations were primarily due to an increase in discount rate partially offset by an increase in the interest crediting rates. In Fiscal Year 2022, the actuarial gains on the benefit obligations were primarily due to a net increase in discount and interest crediting rates. Amounts recognized in the consolidated and combined balance sheets as of June 30, 2023 and 2022 consist of: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Current liabilities (included in accrued employee related costs) $ (270 ) $ (264 ) $ (318 ) $ (364 ) Non-current $ (28,219 ) $ (26,674 ) $ (2,199 ) $ (2,099 ) $ (28,489 ) $ (26,938 ) $ (2,517 ) $ (2,463 ) Accumulated other comprehensive loss, b efore Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Actuarial gain (loss) $ (40,625 ) $ (41,910 ) $ (555 ) $ (251 ) The following table presents components of net periodic benefit cost for the pension plans and Postretirement Plan included in the accompanying consolidated and combined statements of operations for Fiscal Years 2023, 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 income (expense), net. Pension Plans Postretirement Plan Year Ended June 30, Year Ended June 30, 2023 2022 2021 2023 2022 2021 Service cost $ 68 $ 120 $ 96 $ 25 $ 32 $ 47 Interest cost 5,874 3,708 3,385 97 42 45 Expected return on plan assets (4,362 ) (6,016 ) (5,232 ) — — — Recognized actuarial loss 1,800 1,386 1,093 — 34 98 Settlement loss recognized (a) 5 — 870 — — — Net periodic benefit cost reported in the consolidated and combined statements of operations $ 3,385 $ (802 ) $ 212 $ 122 $ 108 $ 190 (a) For Fiscal Years 2023 2022 2021 lump sum payments non-qualified Other pre-tax comprehensive Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Actuarial gain (loss), net $ (1,800 ) $ (3,306 ) $ (5,244 ) $ 304 $ 501 $ 76 Recognized actuarial loss 520 1,386 1,093 — 34 98 Curtailments — — 91 — — 65 Settlement loss recognized 5 — 870 — — — Total recognized in other comprehensive income (loss) $ (1,275 ) $ (1,920 ) $ (3,190 ) $ 304 $ 535 $ 239 Funded Status The accumulated benefit obligation for the pension plans aggregated to $130,725 and $135,916 at June 30, 2023 and 2022, respectively. As of June 30, 2023 and 2022, each of the pension plans had accumulated benefit obligations and projected benefit obligations in excess of plan assets. Pension Plans and Postretirement Plan Assumptions Weighted-average assumptions used to determine benefit obligations (made at the end of the period) as of June 30, 2023 and 2022 were as follows: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Discount rate 5.34 % 4.86 % 5.40 % 4.62 % Interest crediting rate 3.77 % 2.76 % n/a n/a Healthcare cost trend rate assumed for next year n/a n/a 7.00 % 6.00 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) n/a n/a 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate n/a n/a 2032 2027 Weighted-average assumptions used to determine net periodic benefit cost (made at the beginning of the period) for Fiscal Years 2023, 2022 and 2021 were as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Discount rate—projected benefit obligation 4.86 % 2.87 % 2.84 % 4.63 % 2.17 % 2.09 % Discount rate—service cost 4.97 % 3.11 % 3.20 % 4.89 % 2.65 % 2.15 % Discount rate—interest cost 4.56 % 1.92 % 1.92 % 4.28 % 1.51 % 1.23 % Expected long—term return on plan assets 5.92 % 4.94 % 4.02 % n/a n/a n/a Interest crediting rate 2.76 % 2.32 % 1.37 % n/a n/a n/a Healthcare cost trend rate assumed for next year n/a n/a n/a 6.00 % 6.25 % 6.50 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) n/a n/a n/a 5.00 % 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate n/a n/a n/a 2027 2027 2027 The discount rates were determined (based on the expected duration of the benefit payments for the plans) from the Willis Towers Watson U.S. Rate Link: 40-90 rate at which the Company believed the plans’ benefits could be effectively settled. This model was developed by examining the yields on selected highly rated corporate bonds. The expected long-term return on plan assets is based on a periodic review and modeling of the plans’ asset allocation structures over a long-term horizon. Expectations of returns for each asset class are the most important of the assumptions used in the review and modeling and are based on comprehensive reviews of historical data, forward-looking economic outlook , an Plan Assets and Investment Policy The weighted-average asset allocation of the pension plans’ assets at June 30, 2023 and 2022 was as follows: As of June 30, 2023 2022 Asset Classes (a) : Fixed income securities 75 % 78 % Equity securities 15 % 14 % Cash equivalents 10 % 8 % 100 % 100 % (a) The Company’s target allocation for the Cash Balance Plan assets is 85% fixed income securities and 15% equity as of June 30, 2023 and the Company’s target allocation for the Union Plan assets is 100% fixed income securities. Investment allocation decisions have been made by (i) Sphere Entertainment’s Investment & Benefits Committee prior to the MSGE Distribution and (ii) the Company’s Investment & Benefits Committee after the MSGE Distribution. Each Investment & Benefits Committee utilized the services of an investment manager to actively manage the assets of the pension plans. The Company has established asset allocation target and investment policies and guidelines with the investment manager. The investment manager takes into account expected long-term risks, returns, correlation, and other prudent investment assumptions when recommending asset classes and investment managers to the Company’s Investment & Benefits Committee. The investment manager also considers each applicable pension plans’ liabilities when making investment allocation recommendations. The majority of the pension plans’ assets are invested in fixed income securities. Investments at Estimated Fair Value The cumulative fair values of the individual plan assets at June 30, 2023 and 2022 by asset class were as follows: Fair Value Hierarchy As of June 30, 2023 2022 Fixed income securities: U.S. Treasury securities (a) I $ 3,673 $ 672 Money market fund (a) I 6,511 8,311 U.S. Gov’t Agency Obligations (b) II 308 — Mutual fund—equity (c) II 15,296 15,661 Common collective trust (c) II 76,448 84,334 Total investments measured at fair value $ 102,236 $ 108,978 (a) U.S. Treasury Securities and the money market fund are classified within Level I of the fair value hierarchy as they are valued using observable inputs that reflect quoted prices for identical assets in active markets. (b) U.S. Government Agency Obligations are classified within Level II of the fair value hierarchy as they are valued daily using institutional bond quotes based on evaluations based on various market and industry inputs. (c) The common collective trust (“CCT”) and the mutual fund, which are non-exchange Contributions for Qualified Defined Benefit Pension Plans During Fiscal Year 2023, the Company contributed $250 to the Union Plan. The Company expects to contribute $12,600 and $250 to the Cash Balance Plan and Union Plan, respectively in Fiscal Year 2024. Estimated Future Benefit Payments The following table presents estimated future fiscal year benefit payments for the pension plans and Postretirement Plan: Pension Plans Postretirement Plan Fiscal year ending June 30, 2024 $ 10,799 $ 328 Fiscal year ending June 30, 2025 $ 8,355 $ 334 Fiscal year ending June 30, 2026 $ 8,666 $ 315 Fiscal year ending June 30, 2027 $ 9,015 $ 271 Fiscal year ending June 30, 2028 $ 8,754 $ 266 Fiscal years ending June 30, 2029–2033 $ 46,261 $ 1,119 Defined Contribution Plans MSG Entertainment sponsors The Madison Square Garden 401(k) Savings Plan (the “401(k) Plan”) and the MSG Entertainment Holdings, LLC Excess Savings Plan (collectively referred to as the “Savings Plans”). The 401(k) Plan is a multiple employer plan. For Fiscal Years 2023, 2022 and 2021, expenses related to the Savings Plans, excluding expenses related to MSG Sports employees and for Fiscal Years 2023 excluded expenses related to Sphere Entertainment employees, that are included in the accompanying consolidated and combined statements of operations were $5,187, $4,284 and $2,274, respectively. In addition, MSG Entertainment sponsors The Madison Square Garden 401(k) Union Plan (the “Union Savings Plan”). The Union Savings Plan is a multiple employer plan. For Fiscal Years 2023, 2022 and 2021, expenses related to the Union Savings Plan included in the accompanying consolidated and combined statements of operations were $428, $394 and $215, respectively. Multiemployer Plans The Company contributes to a number of multiemployer defined benefit pension plans, multiemployer defined contribution pension plans, and multiemployer health and welfare plans that provide benefits to retired union-represented employees under the terms of collective bargaining agreements (“CBAs”). Multiemployer Defined Benefit Pension Plans The multiemployer defined benefit pension plans to which the Company contributes generally provide for retirement and death benefits for eligible union-represented employees based on specific eligibility/participant requirements, vesting periods and benefit formulas. The risks to the Company of participating in these multiemployer defined benefit pension plans are different from single-employer defined benefit pension plans in the following aspects: • Assets contributed to a multiemployer defined benefit pension plan by one employer may be used to provide benefits to employees of other participating employers. • If a participating employer stops contributing to a multiemployer defined benefit pension plan, the unfunded obligations of the plan may be borne by the remaining participating employers. • If the Company chooses to stop participating in some of these multiemployer defined benefit pension plans, the Company may be required to pay those plans an amount based on the Company’s proportion of the underfunded status of the plan, referred to as a withdrawal liability. However, cessation of participation in a multiemployer defined benefit pension plan and subsequent payment of any withdrawal liability is subject to the collective bargaining process. The following table outlines the Company’s participation in multiemployer defined benefit pension pl an PPA Zone Status Company Contributions As of June 30, Year Ended June 30, Plan name EIN Pension 2023 2022 FIP/ RP Status Pending/ Implemented 2023 2022 2121 Surcharge Expiration Pension Fund of Local No. 1 of I.A.T.S.E. 136414973 001 Green 2022-12-31 Green 2021-12-31 No $ 2,550 $ 1,999 $ 194 No 6/30/2026 All Other Multiemployer Defined Benefit Pension Plans 2,897 1,907 584 $ 5,447 $ 3,906 $ 778 The Company was listed in the following plans’ Form 5500’s as providing more than 5% of the total contributions for the following plans and plan years: Fund Name Exceeded 5 Percent of Total Contributions Year Contributions to Plan Exceeded 5 Percent of Total Contributions (As of Plan’s Year-End) Pension Fund of Local No. 1 of I.A.T.S.E True December 31, 2021, 2020 and 2019 32BJ/Broadway League Pension Fund True December 31, 2021, 2020 and 2019 Treasurers and Ticket Sellers Local 751 Pension Fund True August 31, 2022, 2021 and 2020 Multiemployer Defined Contribution Pension Plans The Company contributed $7,316, $5,641 and $723 for Fiscal Years 2023, 2022 and 2021, respectively, to multiemployer defined contribution pension plans. Executive Deferred Compensation Plan The Company assumed the sponsorship of the Madison Square Garden Entertainment Corp. Executive Deferred Compensation Plan from Sphere Entertainment in connection with the MSGE Distribution (the “Deferred Compensation Plan”). The Deferred Compensation Plan was established to permit a select group of highly-compensated employees to defer the employee’s annual base salary and bonus into the Deferred Compensation Plan with returns on such deferrals tracking the performance of certain investments. Following the MSGE Distribution accounts attributable to the Sphere Entertainment’s current employees as of the MSGE Distribution Date were transferred to a deferred compensation plan established by Sphere Entertainment in connection with the MSGE Distribution. Amounts deferred and invested by employees under the Deferred Compensation Plan are placed in an irrevocable trust established by the Company and all assets of the trust are subject to the creditors of the Company in the event of insolvency. In accordance with ASC Topic 710, Compensation—General In accordance with ASC Topic 710, the Company remeasures the deferred compensation liability, with a charge (or credit) to compensation cost in the Company’s consolidated statements of operations, to reflect changes in the fair value of the assets owed to the participants of the Deferred Compensation Plan. The Company remeasures the fair val ue Investments—Equity Securities gains/(losses) Amounts recognized in the consolidated balance sheets as of June 30, 2023 related to the Deferred Compensation Plan consist of: June 30, 2023 Non-current $ 2,954 Non-current $ (2,976 )

Share-based Compensation

Share-based Compensation	12 Months Ended
Share-based Compensation	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Note 14. Share-based Compensation Prior to the MSGE Distribution Date, certain employees of the Company participated in the share-based compensation plans of Sphere Entertainment (“Sphere Entertainment Employee Stock Plans”). The plans provide for discretionary grants of incentive stock options and non-qualified Effective as of the MSGE Distribution Date, the Company adopted two share-based compensation plans: the 2023 Employee Stock Plan (the “Employee Stock Plan”) and the 2023 Stock Plan for Non-Employee “Non-Employee incentive stock options, non-qualified Non-Employee non-qualified Non-Employee Non-Employee Treatment After the MSGE Distribution of Share-based Payment Awards Initially Granted U nder Prior to the MSGE Distribution, certain employees and the non-employee non-employee Further, in connection with the MSGE Distribution, each holder of a Sphere Entertainment director RSU received one share of our Class A common stock in respect of every one Sphere Entertainment RSU owned on the Record Date and continues to be entitled to a share of Sphere Entertainment Class A common stock (or cash or other property) in accordance with the Sphere Entertainment award agreement. Share-based Compensation Expense Share-based compensation expense is generally recognized straight-line over the vesting term of the award, which typically provides for three-year cliff or graded vesting subject to continued employment. For awards that are graded vesting and subject to performance conditions, in addition to continued employment, the Company uses the graded-vesting method to recognize share-based compensation expense. The Company’s RSUs, PSUs and/or stock options held by individuals who are solely Sphere Entertainment and/or MSG Sports employees are not expensed by the Company; however, such RSUs/PSUs and/or stock options do have a dilutive effect on earnings (loss) per share available to the Company’s common stockholders. Share-based compensation expense was recognized in the cons olidated and combined statements of operations as a component of direct operating expenses or selling, general and administrative expenses. The following tabl Years Ended June 30, 2023 2022 2021 Share-based compensation expense (a) $ 29,521 $ 37,746 $ 40,663 (a) For Fiscal Years 2023, 2022, and 2021 share-based compensation excludes costs of $2,293, $1,612, and nil, respectively, that have been reclassified to Restructuring charges in the consolidated and combined statements of operations, as detailed in Note 5, Restructuring Charges. RSU and PSU Award Activity The following table summarizes activity related to MSG Entertainment’s RSUs and PSUs held by the Company, MSG Sports, and Sphere’s employees from the MSGE Distribution Date to June 30, 2023: Number of Weighted- Average Grant-date Fair Value (a) RSUs PSUs Unvested award balance as of April 20, 2023 1,022 1,156 $ 66.49 Granted 64 21 $ 35.09 Vested (b) (168 ) (74 ) $ 62.41 Forfeited (15 ) (19 ) $ 58.82 Unvested award balance as of June 30, 2023 903 1,084 $ 65.78 (a) Weighted-average grant-date fair value as of April 20, 2023 and for activity prior to MSGE Distribution Date does not reflect any adjustment associated with the MSGE Distribution. See above for further detail for the MSGE Distribution. (b) The fair value of RSUs and PSUs that vested and were distributed during Fiscal Year 2023 was $8,259. Upon delivery, RSUs granted under the Sphere Entertainment Stock Plan (as defined above) were net share-settled to cover the required statutory tax withholding obligations. To fulfill the employees’ statutory minimum tax withholding obligations for the applicable income and other employment taxes, 82 of these RSUs, with an aggregate value of $2,783 were retained by Sphere Entertainment. As of June 30, 2023, there was $32,635 of unrecognized compensation cost related to unvested RSUs and PSUs held by the Company’s direct employees. The cost is expected to be recognized over a weighted-average period of approximately 1.8 years. Stock Options Award Activity Compensation expense for MSG Entertainment stock options held by the Company’s employees is determined based on the grant date fair value of the award calculated using the Black-Scholes options-pricing model. Stock options generally vest over a three years The following table summarizes activity related to the Company’s stock options Number of Time Vesting Options Weighted- Average Exercise Price Per Share (a) Weighted- Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of April 20, 2023 724 $ 55.87 Options granted in Fiscal Year 2023 — Balance as of June 30, 2023 724 $ 55.87 2.47 $ — Exercisable on June 30, 2023 724 $ 55.87 2.47 $ — (a) Weighted-average grant-date fair value as of April 20, 2023 and for activity prior to MSGE Distribution Date does not reflect any adjustment associated with the MSGE Distribution. See above for further detail for the MSGE Distribution.

Equity

Equity	12 Months Ended
Equity	Jun. 30, 2023
Equity [Abstract]
Equity	Note 15. Equity Stock Repurchase Program On March 29, 2023, the Company’s Board of Directors authorized a share repurchase program to repurchase up to $250,000 of the Company’s Class A Common Stock. Under the authorization, shares of Class A Common Stock may be purchased from time to time in open market or private transactions, block trades or such other manner as the Company may determine (including through repayment by Sphere Entertainment of the DDTL Facility with shares of the Company’s Class A Common Stock) 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 repurchased 840 shares of Common Stock for $25,000 during Fiscal Year 2023. On August 9, 2023, Sphere Entertainment repaid the full principal amount of the DDTL Facility and accrued interest and commitment fees by delivering 1,923 shares of MSG Entertainment Class A common stock to the Company. Such shares have been accounted for as treasury shares and are no longer outstanding as of August 9, 2023. Accumulated Other Comprehensive Loss The following table details the components of accumulated other comprehensive loss: Pension Plans and Postretirement Plan June 30, 2023 2022 2021 Balance at beginning of period $ (34,740 ) $ (33,598 ) $ (31,108 ) Other comprehensive loss: Amounts reclassified from accumulated other comprehensive loss (a) (971 ) (1,385 ) (2,951 ) Income tax benefit 176 243 461 Other comprehensive loss, total (795 ) (1,142 ) (2,490 ) Adjustment related to the transfer of pension plans and postretirement plan liabilities as a result of the MSGE Distribution 1,514 — — Balance at end of period $ (34,021 ) $ (34,740 ) $ (33,598 ) (a) Amounts reclassified from accumulated other comprehensive loss represent curtailments, settlement losses recognized, the amortization of net actuarial gain (loss) and net unrecognized prior service credit included in net periodic benefit cost, which is reflected under Other income (expense), net in the accompanying consolidated and combined statements of operations (see Note 13. Pension Plans and Other Postretirement Benefit Plans).

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 16. Income Taxes Income tax expense is comprised of the following components: Year Ended June 30, 2023 2022 2021 Current (expense) benefit: Federal $ (1,008 ) $ 515 $ (2,536 ) State and other — (220 ) (2,247 ) (1,008 ) 295 (4,783 ) Deferred (expense) benefit: Federal 6,198 (4,711 ) (15,658 ) State and other (6,918 ) 4,486 15,092 (720 ) (225 ) (566 ) Income tax (expense) benefit $ (1,728 ) $ 70 $ (5,349 ) The income tax (expense) benefit differs from the amount derived by applying pre-tax Year Ended June 30, 2023 2022 2021 Federal tax (expense) benefit at statutory federal rate $ (16,332 ) $ 28,617 $ 44,931 State income taxes, net of federal benefit (13,033 ) 12,141 22,882 Change in valuation allowance 34,147 (31,679 ) (70,501 ) Change in the estimated applicable tax rate used to determine deferred taxes — — 2,545 Capital loss carryover 3,960 — — Nondeductible transaction costs (206 ) — — GAAP income of consolidated partnership attributable to non-controlling (116 ) (601 ) (146 ) Change in estimated rate to measure deferred taxes (557 ) — — Nondeductible officers’ compensation (3,861 ) (8,125 ) (5,209 ) Nondeductible expenses (266 ) (373 ) (285 ) Excess tax benefit related to share-based payment awards (5,457 ) 93 1,088 Other, net (7 ) (3 ) (654 ) Income tax (expense) benefit $ (1,728 ) $ 70 $ (5,349 ) The tax effects of temporary differences which give rise to significant portions of the deferred tax assets and liabilities at June 30, 2023 and 2022 were as follows: June 30, 2023 2022 Deferred tax assets: Net operating losses (NOLs) $ 18,684 $ 102,273 Accrued employee benefits 28,271 29,440 Restricted stock units and stock options 8,571 12,452 Deferred revenue 34,914 — Right-of-use 7,071 7,482 Deferred interest 3,299 24,950 Property and equipment 38,703 16,327 Other, net 5,853 7,183 Total gross deferred tax assets $ 145,366 $ 200,107 Less valuation allowance (95,352 ) (151,043 ) Net deferred tax assets $ 50,014 $ 49,064 Deferred tax liabilities: Intangibles and other assets $ (40,143 ) $ (40,069 ) Deferred revenue — (10,107 ) Prepaid expenses (4,854 ) (4,874 ) Investments (5,530 ) (3,377 ) Straight line rent (23,005 ) (13,890 ) Total deferred tax liabilities $ (73,532 ) $ (72,317 ) Net deferred tax liability $ (23,518 ) $ (23,253 ) In assessing Prior to the MSGE Distribution, the Company and Sphere Entertainment entered into a Tax Disaffiliation Agreement (“TDA”) that governs the parties’ respective rights, responsibilities and obligations with respect to taxes and tax benefits. Under the TDA, Sphere Entertainment will generally be responsible for all U.S. federal, state, local and other applicable income taxes of the Company for any taxable period or portion of such period ending on or before the MSGE Distribution Date. The federal NOL carryforward as of June 30, 2023 was $54,000. The NOL has an unlimited carryforward period. Th e NOLs a Prior to the MSGE Distribution, the Company’s collection for ticket sales, sponsorships and suite rentals in advance were recorded as deferred revenue and were recognized as revenues when earned for both accounting and tax purposes. The tax recognition on most of these deferred revenues was accelerated to the date of the MSGE Distribution and is the responsibility of Sphere Entertainment. The Company will not reimburse Sphere Entertainment for such taxes. At the time of the MSGE Distribution, the Company recorded a deferred tax asset of $71,395 and a corresponding valuation allowance of $71,395 with regard to the deferred revenue acceleration for income tax purposes. As of June 30, 2023, the Company has a deferred tax asset of $48,185 with regard to the deferred revenue acceleration and the remaining tax deduction will be recorded as deferred revenue is earned and the associated events occur or upon payment of refunds. Income tax refunds, net of payments, were $2,031 and $10,281 for Fiscal Years 2023 and 2022, respectively, as if the Company was on a standalone basis. Income tax payments, net of refunds, was $15,526 for Fiscal Year 2021 as if the Company was on a standalone basis.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 17. Related Party Transactions As of June 30, 2023, members of the Dolan family including trusts for member 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 4.3% of the Company’s outstanding Class A Common Stock (inclusive of options exercisable within 60 days of June 30, 2023). Such shares of Class A Common Stock and Class B Common Stock, collectively, represent approximately 62.2% of the aggregate voting power of Company’s outstanding common stock. Members of the Dolan family are also the controlling stockholders of Sphere Entertainment, MSG Sports and AMC Networks Inc. (“AMC Networks”). Current Related Party Arrangements The Company is party to the following agreements and/or arrangements with MSG Sports: • Sponsorship sales and service representation agreements pursuant to which the Company has the exclusive right and obligation to sell MSG Sports’ sponsorships for an initial stated term of ten years • A team sponsorship allocation agreement, pursuant to which MSG Sports receives an allocation of sponsorship and signage revenues associated with the sponsorship agreements; • Arena License Agreements pursuant to which the Company (i) provides MSG Sports the right to use The Garden for games of the Knicks and Rangers for a 35-year • A services agreement pursuant to which the Company provides certain corporate and other transition services to MSG Sports, such as information technology, security, accounts payable, payroll, tax, certain legal functions, human resources, insurance and risk management, government affairs, investor relations, corporate communications, benefit plan administration and reporting, and internal audit functions as well as certain marketing functions, in exchange for service fees. MSG Sports also provides certain services to the Company, including certain legal functions, communications, ticket, sponsorship and premium hospitality-related sales and certain operational and marketing services, in exchange for service fees; • A sublease agreement, pursuant to which the Company subleases office space to MSG Sports; • A group ticket sales representation agreement, pursuant to which the Company appointed MSG Sports as its sales and service representative to sell group ticket packages related Company events in exchange for a commission; • A single night rental commission agreement, pursuant to which MSG Sports may, from time to time, sell (or make referrals for sales of) licenses for the use of suites at The Garden for individual Company events in exchange for a commission; • MSG Sports has made market rate interest-bearin g advances to the Company in connection with the construction of new premium hospitality suites at The Garden. The advances will be • Aircraft time sharing agreements (discussed below); and • Other agreements such as a trademark license agreement and certain other arrangements. The Company is party to the following agreements and/or arrangements with Sphere Entertainment: • A Transition Services Agreement (“TSA”) pursuant to which the Company provides certain corporate and other transition services to Sphere Entertainment, such as information technology, security, accounts payable, payroll, tax, certain legal functions, human resources, insurance and risk management, government affairs, investor relations, corporate communications, benefit plan administration and reporting, and internal audit functions as well as certain marketing functions, in exchange for service fees. Sphere Entertainment also provides certain services to the Company, including certain studios and corporate technology services, in exchange for service fees; • Aircraft time sharing agreements (discussed below); and • Other agreements with Sphere Entertainment entered into in connection with the MSGE Distribution such as a distribution agreement, a tax disaffiliation agreement, an employee matters agreement, a stockholder and registration rights agreement, a trademark license agreement and certain other arrangements. The Company was also party to the DDTL Facility, which provided for a $65,000 senior unsecured delayed draw term loan facility to Sphere Entertainment, which was fully drawn on July 14, 2023 and repaid by Sphere Entertainment on August 9, 2023. In addition, the Company historically had various agreements with MSG Networks, which have historically been cash settled including an advertising sales representation agreement and a services agreement (the “MSG Networks Services Agreement”). • Pursuant to the advertising sales representation agreement, the Company had the exclusive right and obligation to sell advertising on behalf of MSG Networks in exchange for a commission. The Networks Advertising Sales Representation Agreement was terminated effective as of December 31, 2022. • Through the MSGE Distribution Date, pursuant to the MSG N etwork Further, the Company shares certain executive support costs, including office space, executive assistants, security and transportation costs, for (i) the Company’s Executive Chairman and Chief Executive Officer with Sphere Entertainment and MSG Sports and (ii) the Company’s Vice Chairman with Sphere Entertainment, MSG Sports and AMC Networks. Prior to April 1, 2022, the Company also shared costs for Sphere Entertainment’s former President with Sphere Entertainment and MSG Sports. The Company is a party to various aircraft arrangements: • Pursuant to certain Aircraft Support Services Agreements, the Company provides certain aircraft support services to (i) Charles F. Dolan, a director, and certain of his children, including James L. Dolan, the Company’s Executive Chairman, Chief Executive Officer and a director, Deborah Dolan-Sweeney, Patrick F. Dolan, Marianne Dolan Weber (a director of the Company), and Kathleen M. Dolan, and (ii) an entity controlled by Patrick F. Dolan, the son of Charles F. Dolan and brother of James L. Dolan. • The Company is party to reciprocal time sharing/dry lease agreements with Charles F. Dolan and Sterling2k LLC (collectively, “CFD”), an entity owned and controlled by Deborah Dolan-Sweeney, the daughter of Charles F. Dolan and the sister of James L. Dolan, pursuant to which the Company has agreed from time to time to make its aircraft available to CFD and CFD has agreed from time to time to make its aircraft available to the Company. Pursuant to the terms of the agreements, CFD may lease on a non-exclusive, • The Company is also party to a dry lease agreement and a time sharing agreement with Brighid Air, LLC (“Brighid Air”), a company owned and controlled by Patrick F. Dolan, the son of Charles F. Dolan and the brother of James L. Dolan, pursuant to which Brighid Air has agreed from time to time to make its Bombardier BD100-1A10 Challenger 350 aircraft (the “Challenger”) available to the Company on a nonexclusive basis. In connection with the dry lease agreement, the Company also entered into a Flight Crew Services Agreement with Dolan Family Office, LLC (“DFO”), an entity owned and controlled by Charles F. Dolan, pursuant to which the Company may utilize pilots employed by DFO for purposes of flying the Challenger when the Company is leasing that aircraft under the Company’s dry lease agreement with Brighid Air. • Prior to December 21, 2021, the Company was also party to (i) a reciprocal time sharing/dry lease agreement with Quart 2C, LLC (“Q2C”), a company controlled by James L. Dolan and Kristin A. Dolan, his spouse, pursuant to which the Company from time to time made its aircraft available to Q2C, and Q2C, from time to time made its aircraft available to the Company, and (ii) an aircraft support services agreement with an entity controlled by James L. Dolan, pursuant to which the Company provided certain aircraft support services. These agreements were no longer effective as of December 21, 2021. • The Company and each of Sphere Entertainment, MSG Sports and AMC Networks are party to certain aircraft time sharing agreements, pursuant to which the Company has agreed from time to time to make aircraft available to Sphere Entertainment, MSG Sports and/or AMC Networks for lease on a “time sharing” basis. Additionally, the Company, Sphere Entertainment, MSG Sports and AMC Networks have agreed on an allocation of the costs of certain aircraft and helicopter use by their shared executives. • In addition to the aircraft arrangements described above, certain executives of the Company are party to aircraft time sharing agreements, pursuant to which the Company has agreed from time to time to make certain aircraft available for lease on a “time sharing” basis for personal use in exchange for payment of actual expenses of the flight (as listed in the agreement). 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, own 50% of 605. Kristin A. Dolan is also the founder and Non-Executive 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. The BCE Disposition was completed on December 2, 2022. As of June 30, 2023, the Com pan Revenues and Operating Expenses The following table summarizes the composition and amounts of the transactions with the Company’s affiliates. The significant components of these amounts are discussed below. These amounts are reflected in revenues and operating expenses in the accompanying consolidated and combined statements of operations for Fiscal Years 2023, 2022, and 2021: Year Ended June 30, 2023 2022 2021 Revenues $ 105,862 $ 115,370 $ 51,657 Operating expenses (credits): Revenue sharing expenses 19,056 17,279 558 Reimbursement under Arena License Arrangements (22,279 ) (25,827 ) (9,717 ) Cost reimbursement from MSG Sports (38,473 ) (38,254 ) (36,502 ) Cost reimbursement from Sphere Entertainment (after April 20, 2023) and Corporate allocations to Sphere Entertainment (before April 20, 2023) (151,219 ) (161,189 ) (100,942 ) Other operating expenses, net 3,949 4,995 4,041 Total operating expenses (credits), net (a) $ (188,966 ) $ (202,996 ) $ (142,562 ) (a) Of the total operating expenses, net, $(1,019), $(9,347) and $(930) of net credits for Fiscal Years 2023, 2022 and 2021, respectively, are included in direct operating expenses in the accompanying consolidated and combined statements of operations, and $(187,947), $ (193,649) and $(141,632) for Fiscal Years 2023, 2022 and 2021, respectively, are included as net credits in selling, general and administrative expenses. Revenues In Fiscal Year 2023, the Knicks and the Rangers played a total of 96 home games at The Garden and the Company recorded $68,068 of revenues under the Arena License Agreements for Fiscal Year 2023. In addition, for Fiscal Year 2023 the Company recorded revenues under sponsorship sales and service representation agreements with MSG Sports of $19,063, and merchandise sharing revenues with MSG Sports of $5,550. The Company recorded revenues under the advertising sales representation agreement with MSG Networks of $8,802 for Fiscal Year 2023. The Company also earned $2,847 of sublease revenue from related parties during Fiscal Year 2023. In Fiscal Year 2022, the Knicks and the Rangers played a total of 98 home games at The Garden and the Company recorded $68,072 of revenues under the Arena License Agreements for Fiscal Year 2022. In addition, for Fiscal Year 2022, the Company recorded revenues under sponsorship sales and service representation agreements with MSG Sports of $17,570 and merchandise sharing revenues with MSG Sports of $4,412. The Company recorded revenues under the advertising sales representation agreement with MSG Networks of $20,878 for Fiscal Year 2022. The Company also earned $2,444 of sublease revenue from related parties during Fiscal Year 2022. In Fiscal Year 2021, the Knicks and the Rangers played a total of 69 home games at The Garden and the Company recorded $21,345 of revenues under the Arena License Agreements for Fiscal Year 2021. In addition, for Fiscal Year 2021, the Company recorded revenues under sponsorship sales and service representation agreements with MSG Sports of $13,584. The Company recorded revenues under the advertising sales representation agreement with MSG Networks of $13,698 for Fiscal Year 2021. The Company also earned $2,450 of sublease r evenu Operating Expenses Revenue sharing expenses Revenue sharing expenses include MSG Sports’ share of the Company’s in-venue Reimbursements under Arena License Arrangements Fees recognized by the Company under the Arena License Agreements with MSG Sports for use of The Garden are reported as operating lease revenues in accordance with ASC Topic 842. In addition, the Company records credits to direct operating expenses as a reimbursement under the Arena License Agreements. Cost reimbursement from MSG Sports Per the services agreement described above, the Company’s corporate overhead expenses that are charged to MSG Sports are primarily related to centralized functions, including information technology, security, accounts payable, payroll, tax, legal, human resources, insurance and risk management, investor relations, corporate communications, benefit plan administration and reporting, and internal audit. Corporate reimbursement from Sphere Entertainment (after April 20, 2023) and Corporate allocations to Sphere Entertainment (before April 21, 2023) As part of the MSGE Distribution, certain corporate and operational support functions are being transferred to the Company and therefore, charges were reflected in order to burden all business units comprising Sphere Entertainment’s historical operations. Allocations of corporate overhead and shared services expense to Sphere Entertainment from the Company were recorded for corporate and operational functions based on direct usage when identifiable, with the remainder allocated on a pro rata basis of combined assets, headcount or other measures of the Company or Sphere Entertainment, which is recorded as a reduction of either direct operating expenses or selling, general and administrative expense. The aforementioned allocations for certain support functions that are provided on a centralized basis and not historically recorded at the business unit level by Sphere Entertainment related to departments such as executive management, finance, legal, human resources, government affairs, and information technology, among others. In addition, corporate allocations to Sphere Entertainment include charges to MSG Networks under the services agreement with MSG Networks prior to the MSGE Distribution. Furthermore, for the year ended June 30, 2023, Corporate reimbursement from Sphere Entertainment amounts (after April 20, 2023) reflect charges from the Company to Sphere Entertainment under the TSA of $27,494, net of general and administrative costs charged to the Company by Sphere Entertainment. Other Operating Expenses, net The Company and its related parties enter into transactions with each other in the ordinary course of business. Amounts charged to the Company for other transactions with its related parties are net of amounts charged by the Comp Other Related Party Matters Loans Receivable from Sphere Entertainment The Company’s captive insurance entity, Eden Insurance Company, Inc. (“Eden”), entered into a loan agreement with Sphere Entertainment (the “Eden Loan Agreement”), under which Eden granted Sphere Entertainment an unsecured loan bearing interest at a rate of LIBOR plus 350 basis points with a principal amount not exceeding $60,000. This loan is in the form of a demand promissory note, payable immediately upon order from Eden. The loan payable to the Company held by Sphere Entertainment under the Eden Loan Agreement was assigned by Sphere Entertainment to the Company in connection with the MSGE Distribution, and is eliminated in consolidation by the Company for periods subsequent to the MSGE Distribution. During Fiscal Year 2023, Eden declared and paid dividends to Sphere Entertainment through a reduction of the loan receivable from Sphere Entertainment. During Fiscal Years 2023 and 2022, no interest or principal payments were received by Eden. Instead, the accrued but unpaid interest was added to the outstanding principal amount of the loan. The cash flows related to this loan receivable for periods prior to the MSGE Distribution are reflected as investing activities, as these balances represent amounts loaned by the Company to Sphere Entertainment. The Company recorded related party interest income of $3,177, $2,117 and $1,888 related to the Eden Loan Agreement in Fiscal Years 2023, 2022 and 2021. On May 23, 2019, the Company entered into a subordinated credit agreement with TAO Group Sub-Holdings, Sub-Holdings”), Sub-Holdings conditions, TAOG Sub-Holdings paid-in-kind Cash Management Prior to the MSGE Distribution, Sphere Entertainment used a centralized ap proac Sphere Entertainment Investment Prior to the MSGE Distribution, certain significant balances and transactions among the Company and Sphere Entertainment and its subsidiaries, which include allocations of corporate general and administrative expenses, share-based compensation expense and other historical intercompany activities, were recorded as components of Equity (Deficit), except for the transactions noted above related to historically cash-settled loans between the Company and Sphere Entertainment. The changes in Sphere Entertainment Investment also included financing activities for capital transfers, cash sweeps, and other treasury services. As part of this activity, cash balances were swept to Sphere Entertainment regularly as part of the Sphere Entertainment cash management policy.

Additional Financial Informatio

Additional Financial Information	12 Months Ended
Additional Financial Information	Jun. 30, 2023
Additional Financial Information [Abstract]
Additional Financial Information	Note 18. Additional Financial Information The following table provides a summary of the amounts recorded as cash and cash equivalents, and restricted cash: As of June 30, 2023 2022 Cash and cash equivalents $ 76,089 $ 58,102 Restricted cash 8,266 4,471 Total cash, cash equivalents and restricted cash $ 84,355 $ 62,573 The Company’s cash equivalents consist of money market accounts and time deposits of $58,132 and $50,527 for Fiscal Years 2023 and 2022, respectively. Cash equivalents are measured at fair value within Level I of the fair value hierarchy on a recurring basis using observable inputs that reflect quoted prices for identical assets in active markets. Prepaid expenses and other current assets consisted of the following: As of June 30, 2023 2022 Prepaid expenses $ 58,588 $ 65,065 Current contract assets (a) 11,254 5,503 Inventory (b) 2,557 2,752 Other 5,163 6,121 Total prepaid expenses and other current assets $ 77,562 $ 79,441 (a) See Note 4. Revenue Recognition for more information on contract assets. (b) Inventory is primarily comprised of food and liquor for venues. Other non-current As of June 30, 2023 2022 Unbilled lease receivable (a) $ 67,325 $ 40,780 Equity investments with readily determinable fair value (b) 31,641 36,421 Deferred costs 4,120 3,692 Other 5,270 2,642 Total other non-current $ 108,356 $ 83,535 (a) Unbilled lease receivable relates to th e amounts recor (b) See Note 7. Equity investments with readily determinable fair value for more information on long-term investments. Accounts payable, accrued and other current liabilities consisted of the following: As of June 30, 2023 2022 Accounts payable $ 15,628 $ 11,241 Accrued payroll and employee related liabilities 64,532 88,501 Cash due to promoters 90,538 78,428 Accrued expenses 44,027 43,791 Total accounts payable, accrued and other current liabilities $ 214,725 $ 221,961 Other income (expense), net includes the following: Years Ended June 30, 2023 2022 2021 Gains from shares sold—DraftKings $ 2,608 $ — $ (2,327 ) Gains from Shares sold—Townsquare 975 — — Net unrealized gain (loss) on equity investments with readily determinable fair value 16,050 (49,842 ) 53,505 Other (2,244 ) 809 (556 ) Total other income (expense), net $ 17,389 $ (49,033 ) $ 50,622 Concentrations of Risk As of June 30, 2023, approximately 70% of the Company’s workforce were represented by unions. Approximately 26% of such union employees are subject to CBAs that expired as of June 30, 2023 and approximately 20% are subject to CBAs that will expire by June 30, 2024 if they are not extended prior thereto.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 19. Subsequent Events Delayed Draw Term Loan Facility On July 14, 2023, Sphere Entertainment drew down the full amount of $65,000 under the DDTL Facility. On August 9, 2023, Sphere Entertainment repaid the full principal amount of the DDTL Facility and accrued interest and commitment fees by delivering 1,923 shares of MSG Entertainment Class A common stock to the Company. Such shares have been accounted for as treasury shares and are no longer outstanding as of August 9, 2023. As of August 9, 2023, the Company had approximately $160,000 remaining under the $250,000 Class A Common Stock share rep urch

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2023
Accounting Policies [Abstract]
Principles of Consolidation and Combination	A. Principles of Consolidation and Combination Beginning April 21, 2023, the consolidated financial statements of the Company include the accounts of the Company and its subsidiaries. All significant intercompany accounts and balances within the Company’s combined businesses have been eliminated. For the periods prior to the MSGE Distribution Date, the combined financial statements include certain assets and liabilities that were historically held at Sphere Entertainment’s corporate level but were specifically identifiable or otherwise attributable to the Company. Certain historical intercompany transactions between Sphere Entertainment and the Company have been included as components of the Sphere Entertainment’s investment in the combined financial statements, as they are considered to be effectively settled upon effectiveness of the MSGE Distribution and were not historically settled in cash. Certain other historical intercompany transactions between Sphere Entertainment and the Company have been classified as related party, rather than intercompany, in the combined financial statements as they were historically settled in cash. Expenses related to corporate allocations from the Company to Sphere Entertainment prior to the MSGE Distribution are considered to be effectively settled in the combined financial statements at the time the transaction is recorded, with the offset recorded against Sphere Entertainment’s investment in the Company. See Note 17. Related Party Transactions, for further information on related party arrangements. The Company disposed of its controlling interest in Boston Calling Events, LLC (“BCE”) on December 2, 2022 and these consolidated and combined financial statements reflect the results of operations of BCE until its disposition. See Note 3. Dispositions, for details regarding the disposal.
Use of Estimates	B. Use of Estimates The preparation of the accompanying consolidated and combined financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and the unde matters 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 consolidated and combined financial statements in future periods.
Revenue Recognition	C. Revenue Recognition The Company recognizes revenue when, or as, performance obligations under the terms of a contract are satisfied, which generally occurs when, or as, control of promised goods or services is transferred to customers. Revenue is measured as the amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services (“transaction price”). To the extent the transaction price includes variable consideration, the Company estimates the amount of variable consideration that should be included in the transaction price utilizing the most likely amount to which the Company expects to be entitled. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur. Estimates of variable consideration and the determination of whether to include such estimated amounts in the transaction price are based largely on an assessment of the Company’s anticipated performance and all information that is reasonably available. The Company accounts for taxes collected from customers and remitted to governmental authorities on a net basis and excludes these amounts from revenues. In addition, the Company defers certain costs to fulfill the Company’s contracts with customers to the extent such costs relate directly to the contracts, are expected to generate resources that will be used to satisfy the Company’s performance obligations under the contracts, and are expected to be recovered through revenue generated under the contracts. Contract fulfillment costs are expensed as the Company satisfies the related performance obligations. Arrangements with Multiple Performance Obligations The Company enters into arrangements with multiple performance obligations, such as multi-year sponsorship agreements, which may derive revenues for the Company, as well as Sphere Entertainment and MSG Sports within a single arrangement. The Company also derives revenue from similar types of arrangements which are entered into by MSG Sports. Payment terms for such arrangements can vary by contract, but payments are generally due in installments throughout the contractual term. The performance obligations included in each sponsorship agreement vary and may include advertising and other benefits such as, but not limited to, signage at The Garden and the Company’s other venues, digital advertising, event or property-specific advertising, as well as non-advertising The The Company may incur costs such as commissions to obtain its multi Principal versus Agent Revenue Recognition The Company reports revenue on a gross or net basis based on management’s assessment of whether the Company acts as a principal or agent in the transaction. The determination of whether the Company acts as a principal or an agent in a transaction is based on an evaluation of whether the Company controls the good or service before transfer to the customer. When the Company concludes that it controls the good or service before transfer to the customer, the Company is considered a principal in the transaction and records revenue on a gross basis. When the Company concludes that it does not control the good or service before transfer to the customer but arranges for another entity to provide the good or service, the Company acts as an agent and records revenue on a net basis in the amount it earns for its agency service. Contract Balances Amounts collected in advance of the Company’s satisfaction of its contractual performance obligations are recorded as a contract liability within deferred revenue, and are recognized as the Company satisfies the related performance obligations. Amounts collected in advance of events for which the Company is not the promoter or co-promoter
Direct Operating Expenses	D. Direct Operating Expenses Direct operating expenses include, but are not limited to, event costs related to the presentation and production of the Company’s live entertainment and sporting events, revenue sharing expenses associated with signage, sponsorship and suite license fee revenue and in-venue
Production Costs for the Company's Original Productions	Production Costs for the Company’s Original Productions The Company defers certain costs of productions such as creative design, scenery, wardrobes, rehearsal and other related costs for the Company’s proprietary shows. Deferred production costs are amortized on a straight-line basis over the course of a production’s performance period using the expected life of a show’s assets. Deferred production costs are subject to recoverability assessments whenever there is an indication of potential impairment.
Revenue Sharing Expenses	Revenue Sharing Expenses Revenue sharing expenses are determined based on contractual agreements between the Company and MSG Sports, primarily related to suite license, certain internal signage and in-venue
Advertising Expenses	E. Advertising Expenses Advertising costs are typically charged to expense when incurred. Total advertising costs expensed were $8,832, $7,995, and $269 for Fiscal Years 2023, 2022 and 2021, respectively.
Income Taxes	F. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Prior to the MSGE Distribution and for periods presented prior to April 21, 2023, income tax expense has been recorded as if the Company filed tax returns on a standalone basis separate from Sphere Entertainment. This separate return methodology applies to accounting guidance for income taxes in the combined financial statements as if the Company was a standalone public company for the periods prior to the MSGE Distribution. Therefore, cash tax payments and items of current and deferred taxes may not be reflective of the Company’s actual tax balances prior to or subsequent to the MSGE Distribution. Prior to the MSGE Distribution, the Company’s operating results were included in Sphere Entertainment’s consolidated U.S. federal and state income tax returns. Pursuant to rules promulgated by the Internal Revenue Service and various state taxing authorities, the Company expects to file its initial U.S. income tax return for the period from April 21, 2023 through June 30, 2023. In addition, although deferred tax assets have been recognized for NOLs and tax credits in accordance with the separate return method, such NOLs and credits did not carry over with the Company in connection with the MSGE Distribution.
Share-based Compensation	G. Share-based Compensation For periods prior to the MSGE Distribution Date, certain employees of the Company participated in Sphere Entertainment’s share-based compensation plans. Share-based compensation expense has been attributed to the Company based on the awards and terms previously granted to Sphere Entertainment’s employees. For purposes of the consolidated and combined financial statements, an allocation to Sphere Entertainment of share-based compensation expense related to corporate employees was recorded. In addition, Share-based compensation expense attributed to the Company’s direct employees was recorded in the combined financial statements. Share-based compensation expense related to directors and corporate executives of Sphere Entertainment has been allocated on a proportional basis, which management has deemed to be reasonable. Following the MSGE Distribution, the Company measures the cost of employee services received in exchange for an award of equity-based instruments based on the grant date fair value of the award. Share-based compensation cost is recognized in earnings over the period during which an employee is required to provide service in exchange for the award, except for restricted stock units granted to non-employee The Company accounts for forfeitures as they occur, rather than estimating expected
Earnings (Loss) Per Share	H. Earnings (Loss) Per Share For the periods after the MSGE Distribution Date, basic per-share On the MSGE Distribution Date, 51,768 shares of common stock of the Company, inclusive of 17,021 shares of Class A common stock related to the MSGE Retained Interest, were outstanding as of April 20, 2023. This share amount is being utilized for the calculation of basic earnings (loss) per share for Fiscal Years 2022 and 2021 because the Company was not a standalone public company prior to the MSGE Distribution. In addition, for Fiscal Years 2022 and 2021 the computation of diluted earnings per share equals the basic earnings (loss) per share calculation since there was no stock trading information available to compute dilutive effect of shares issuable under share-based compensation plans needed under the treasury method in accordance with ASC Topic 260, Earnings Per Share.
Cash and Cash Equivalents	I. Cash and Cash Equivalents The Company considers the balance of its investment in funds that substantially hold highly liquid securities that mature within three months or less from the date the fund purchases these securities to be cash equivalents. The carrying amount of cash and cash equivalents either approximates fair value due to the short-term maturity of these instruments or is at fair value. Checks outstanding in excess of related book balances are included in accounts payable in the accompanying consolidated and combined balance sheets. The Company presents the change in these book cash overdrafts as cash flows from operating activities.
Restricted Cash	J. Restricted Cash 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. The carrying amount of restricted cash approximates fair value due to the short-term maturity of these instruments.
Short-Term Investments	K. Short-Term Investments Short-term investments include investments that (i) have original maturities of greater than three months and (ii) the Company has the ability to convert into cash within one year. The Company classifies its short-term investments at the time of purchase as “held-to-maturity” re-evaluates
Accounts Receivable	L. Accounts Receivable Accounts receivable are recorded at net realizable value. The Company maintains an allowance for credit losses to reserve for potentially uncollectible receivables. The allowance for credit losses is estimated based on the Company’s consideration of credit risk and analysis of receivables aging, specific identification of certain receivables that are at risk of not being paid, past collection experience and other factors. The Company recognized an allowance of $472 and $3,710 for Fiscal Years 2023 and 2022, respectively.
Investments in Equity Securities	M. Investments in Equity Securities For the Company’s equity investments with readily determinable fair values, changes in the fair value of those investments are measured quarterly and are recorded within Other income (expense), net in the accompanying consolidated and combined statements of operations.
Property and Equipment and Other Long-Lived Assets	N. Property and Equipment and Other Long-Lived Assets Property and equipment and other long-lived assets, including amortizable intangible assets, are stated at cost or acquisition date fair value, if acquired. Expenditures for new facilities or equipment, and expenditures that extend the useful lives of existing facilities or equipment, are capitalized and recorded at cost. The useful lives of the Company’s long-lived assets are based on estimates of the period over which the Company expects the assets to be of economic benefit to the Company. In estimating the useful lives, the Company considers factors such as, but not limited to, risk of obsolescence, anticipated use, plans of the Company, and applicable laws and permit requirements. Depreciation starts on the date when the asset is available for its intended use. Construction in progress assets are not depreciated until available for their intended use. Costs of maintenance and repairs are expensed as incurred. The major categories of property and equipment are depreciated on a straight-line basis using the estimated lives indicated below: Estimated Useful Lives Buildings Up to 40 years Equipment 1 year to 20 years Furniture and fixtures 1 year to 10 years Leasehold improvements Shorter of term of lease or useful life of improvement Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives: Estimated Useful Lives Trade names 7 years Festival rights 7 years Other intangibles 15 years
Goodwill and Indefinite-Lived Assets and Impairment of Long-Lived and Indefinite-Lived Assets	O. Goodwill and Indefinite-Lived Assets Under the acquisition method of accounting, the Company recognizes separately from goodwill the identifiable assets acquired, the liabilities assumed, and any noncontrolling interests in an acquiree, generally at the acquisition date fair value. The Company measures goodwill as of the acquisition date as the excess of consideration transferred, which is also measured at fair value over the net of the acquisition date amounts of the identifiable assets acquired and liabilities assumed. Costs that the Company incurs to complete a business combination such as investment banking, legal, and other professional fees are not considered part incurred. In addition, the Company recognizes measurement-period adjustments in the period in which the amount is determined, including the effect on earnings of any amounts the Company would have recorded in previous periods if the accounting had been completed at the acquisition date. Goodwill and identifiable intangible assets that have indefinite useful lives are not amortized. P. Impairment of Long-Lived and Indefinite-Lived Assets In assessing the recoverability of the Company’s long-lived and indefinite Goodwill is tested annually for impairment as of August 31st and at any time upon the occurrence of certain events or changes in circumstances. The Company has the option to perform a qualitative assessment to determine if an impairment is more likely than not to have occurred. If the Company can support the conclusion that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, the Company would not need to perform a quantitative impairment test for that reporting unit. If the Company cannot support such a conclusion or the Company does not elect to perform the qualitative assessment, the Company would identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company generally determines the fair value of a reporting unit using an income approach, such as the discounted cash flow method, or other acceptable valuation techniques, including the cost approach, in instances when it does not perform the qualitative assessment of goodwill. The amount of an impairment loss is measured as the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Identifiable indefinite-lived intangible assets are tested annually for impairment as of August 31st and at any time upon the occurrence of certain events or substantive changes in circumstances. The Company has the option to perform a qualitative assessment to determine if an impairment is more likely than not to have occurred. In the qualitative assessment, the Company must evaluate the totality of qualitative factors, including any recent fair value measurements, that impact whether an indefinite-lived intangible asset other than goodwill has a carrying amount that more likely than not exceeds its fair value. The Company must proceed to conducting a quantitative analysis if the Company (i) determines that such an impairment is more likely than not to exist, or (ii) foregoes the qualitative assessment entirely. Under the quantitative assessment, the impairment test for identifiable indefinite-lived intangible assets consists of a comparison of the estimated fair value of the intangible asset with its carrying value. If the carrying value of the intangible asset exceeds its fair value, then an impairment loss is recognized in an amount equal to that excess. The Company generally determines the fair value of an indefinite-lived intangible asset using an income approach, such as the relief from royalty method, in instances when it does not perform the qualitative assessment of the intangible asset. For other long-lived assets, including property and equipment, right-of-use See Note 10. Goodwill and Intangible Assets for further discussion of impairment of goodwill and indefinite-lived intangibles.
Leases	Q. Leases The Company’s leases primarily consist of certain venues, corporate office space, storage and, to a lesser extent, office and other equipment. The Company determines whether an arrangement contains a lease at the inception of the arrangement. If a lease is determined to exist, the lease term is assessed based on the date when the underlying asset is made available by the lessor for the Company’s use. The Company’s assessment of the lease term reflects the non-cancellable The Company determines lease classification as either operating or finance at lease commencement, which governs the pattern of expense recognition and the presentation reflected in the consolidated and combined statements of operations and statements of cash flows over the lease term. For leases with a term exceeding 12 months, a lease liability is recorded on the Company’s consolidated The Company includes fixed payment obligations related to non-lease non-lease For operating leases, fixed lease payments are recognized as lease expense on a straight-line basis over the lease term. For finance leases, the initial ROU asset is depreciated on a straight-line basis over the lease term, along with recognition of interest expense associated with accretion of the lease liability, which is ultimately reduced by the related fixed payments. For leases with a term of 12 months or less, any fixed lease payments are recognized on a straight-line basis over the lease term and are not recognized on the consolidated and combined balance sheets. Variable lease costs for both operating and finance leases, if any, are recognized as incurred and such costs are excluded from lease balances recorded on the consolidated and combined balance sheets.
Contingencies	R. Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties
Defined Benefit Pension Plans and Other Postretirement Benefit Plans	S. Defined Benefit Pension Plans and Other Postretirement Benefit Plans As more fully described in Note 13, Pension Plans and Other Postretirement Benefit Plans certain employees of the Company participated in defined benefit pension plans sponsored by Sphere Entertainment prior to the MSGE Distribution. After the MSGE Distribution, Sphere Entertainment transferred the sponsorship of certain funded defined benefit plans to the Company, The Company accounts for the transferred defined benefit pension plans under the guidance of ASC Topic 715, Compensation—Retirement Benefits Actuarial gains and losses that have not yet been recognized through the consolidated and combined statements of operations are recorded in accumulated other comprehensive income (loss) until they are amortized as a component of net periodic benefit cost through other comprehensive income (loss). After the MSGE Distribution Date, the Company has both funded and unfunded defined benefit plans, as well as a contributory other postretirement benefit plan, covering certain full-time employees and retirees. The expense recognized by the Company is determined using certain assumptions, including the expected long-term rate of return and discount rates, among others. The Company recognizes the funded status of its defined benefit pension and other postretirement plans(other than multiemployer plans) as an asset or liability in the consolidated and combined balance sheets and recognizes changes in the funded status in the year in which the changes occur through other comprehensive income (loss).
Fair Value Measurements	T. Fair Value Measurements The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value • Level I—Quoted prices for identical instruments in active markets. • Level II—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level III—Instruments whose significant value drivers are unobservable.
Concentrations of Risk	U. Concentrations of Risk Financial instruments that may potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents. Cash and cash equivalents are invested in money market accounts and time deposits. The Company monitors the financial institutions and money market funds where it invests its cash and cash equivalents with diversification among counterparties to mitigate exposure to any single financial institution. The Company’s emphasis is primarily on safety of principal and liquidity, and secondarily on maximizing the yield on its investments.
Recently Adopted Accounting Pronouncements	V. Recently Adopted Accounting Pronouncements Recently Adopted Accounting Pronouncements In December 2019, the FASB issued Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting No. 2021-01, 2022 No. 2020-04 statements
Revenue	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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Jun. 30, 2023
Accounting Policies [Abstract]
Estimated Useful Lives of Finite-Lived Intangible Assets	Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives: Estimated Useful Lives Trade names 7 years Festival rights 7 years Other intangibles 15 years The Company’s intangible assets subject to amor tizati June 30, 2023 Gross Accumulated Amortization Net Other intangibles (a) $ 4,217 $ (4,217 ) $ — Total amortizable intangible assets $ 4,217 $ (4,217 ) $ — June 30, 2022 Gross Accumulated Amortization Net Trade names (b) $ 2,530 $ (2,169 ) $ 361 Festival rights (b) 8,080 (6,926 ) 1,154 Other intangibles 4,217 (4,094 ) 123 Total amortizable intangible assets $ 14,827 $ (13,189 ) $ 1,638 (a) The Other intangibles were fully amortized. (b) On December 2, 2022, the Company completed the BCE Disposition (see Note 3. Dispositions) which resulted in a reduction of gross assets and accumulated amortization related to festival rights and trade names, associated with the BCE Disposition.
Estimated Lives of Property and Equipment	The major categories of property and equipment are depreciated on a straight-line basis using the estimated lives indicated below: Estimated Useful Lives Buildings Up to 40 years Equipment 1 year to 20 years Furniture and fixtures 1 year to 10 years Leasehold improvements Shorter of term of lease or useful life of improvement As of June 30, 2023 and 2022, property and equipment, net consisted of the following assets: As of June 30, 2023 2022 Land $ 62,768 $ 62,768 Buildings 999,205 995,965 Equipment 322,445 323,741 Aircraft (a) — 38,090 Furniture and fixtures 29,151 28,976 Leasehold improvements 105,877 105,877 Construction in progress 2,828 3,139 Total Property and equipment 1,522,274 1,558,556 Less accumulated depreciation and amortization (893,386 ) (862,477 ) Property and equipment, net $ 628,888 $ 696,079 (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 related accumulated depreciation of $13,689.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
Revenue Recognition (Tables)	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by Major Source	The following table disaggregates the Company’s revenue by major source based upon the timing Year Ended June 30, 2023 2022 2021 Event-related and entertainment offerings (a) $ 546,304 $ 386,309 $ 14,062 Sponsorship, signage and suite licenses (b) 203,758 156,387 15,897 Other (c) 29,756 39,384 27,528 Total revenues from contracts with customers 779,818 582,080 57,487 Revenues from Arena License Agreements, leases and subleases 71,678 71,410 24,325 Total revenues $ 851,496 $ 653,490 $ 81,812 (a) Event-related and entertainment offerings revenues are recognized at a point in time. (b) See Note 2. Summary of Significant Accounting Policies, Revenue Recognition, and the discussion above within this Note for further details on the pattern of recognition of sponsorship, signage, and suite license revenues. (c) Primarily consists of (i) revenues from sponsorship sales and representation agreements with MSG Sports, and (ii) advertising commission revenues recognized from MSG Networks up to December 31, 2022. 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 table disaggregates the Company’s consolidated and combined revenues by type of goods or services in accordance with the required entity-wide disclosure requirements of ASC Subtopic 280-10-50-38 606-10-50-5 Year Ended June 30, 2023 2022 2021 Ticketing and venue license fee revenues (a) $ 360,596 $ 250,092 $ 8,311 Sponsorship and signage, suite, and advertising commission revenues ( b) 262,475 219,113 43,312 Food, beverage and merchandise revenues 151,126 109,915 3,078 Other 5,621 2,960 2,786 Total revenues from contracts with customers 779,818 582,080 57,487 Revenues from Arena License Agreements, leases and subleases 71,678 71,410 24,325 Total revenues $ 851,496 $ 653,490 $ 81,812 (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) live entertainment and other sporting events. (b) Amounts include (i) revenues from sponsorship sales and representation agreements with MSG Sports and (ii) advertising commission revenues recognized from MSG Networks until the termination of this agreement as of December 31, 2022.
Contract Balances	The following table provides information about the opening and closing contract balances from the Company’s contracts with customers as of June 30, 2023, 2022 and 2021. As of June 30, 2023 2022 2021 Receivables from contracts with customers, net (a) $ 69,295 $ 106,664 $ 72,978 Contract assets, current (b) 11,254 5,503 7,052 Deferred revenue, including non-current (c) 226,029 203,256 199,041 (a) As of June 30, 2023, 2022 and 2021, the Company’s receivables from contracts with customers above included $5,397, $4,163 and $5,172, respectively, related to various related parties. See Note 17. Related Party Transactions for further details on these related party arrangements. (b) Contract assets 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) Revenue recognized for Fiscal Year 2023 relating to the deferred revenue balance as of June 30, 2022 was $176,828.
Remaining Performance Obligation	The following table depicts the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2023: As of June 30, 2023 Fiscal year ending June 30, 2024 $ 167,456 Fiscal year ending June 30, 2025 125,123 Fiscal year ending June 30, 2026 80,783 Fiscal year ending June 30, 2027 50,027 Fiscal year ending June 30, 2028 28,990 Thereafter 26,799 Total estimated revenue expected to be recognized in the future related to performance obligations $ 479,178

Computation of Earnings per-s_2

Computation of Earnings per-share (Tables)	12 Months Ended
Computation of Earnings per-share (Tables)	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted earnings (loss) per share attributable to the Company’s stockholders. Years Ended June 30, 2023 2022 2021 Weighted-average shares (denominator): Weighted-average shares for basic EPS 51,819 51,768 51,768 Dilutive effect of shares issuable under share-based compensation plans (a) 459 — — Weighted-average shares for diluted EPS 52,278 51,768 51,768 Weighted-average anti-dilutive shares (a) 740 — — (a) For Fiscal Years 2022 and 2021, all restricted stock units and stock options were excluded from the above table because there was no stock trading information available to compute dilutive effect of shares issuable under share-based compensation plans under the treasury method in accordance with ASC Topic 260, Earnings Per Share.

Equity Investments With Readi_2

Equity Investments With Readily Determinable Fair Value (Tables)	12 Months Ended
	Jun. 30, 2023
Investments in and Advances to Affiliates [Abstract]
Equity Method Investments	The carrying fair value of these investments, which is reported under Other non-current As of June 30, 2023 2022 Townsquare Class A common stock $ 6,945 $ 4,776 Townsquare Class C common stock 13,399 21,499 DraftKings Class A common stock 11,297 10,146 Total Equity investments with readily determinable fair value $ 31,641 $ 36,421 The following table summarizes the realized and unrealized gain (loss) on equity investments with readily determinable fair value, which is reported in Other income (expenses), net in the accompanying consolidated and combined statements of operations: Years ended June 30, 2023 2022 2021 Unrealized gain (loss)—Townsquare $ 7,644 $ (14,629 ) $ 26,563 Unrealized gain (loss)—DraftKings 8,406 (35,213 ) 26,942 Total Unrealized gains (loss) $ 16,050 $ (49,842 ) $ 53,505 Gain (loss) from shares sold—DraftKings 2,608 — (2,327 ) Gain (loss) from shares sold—Townsquare 975 — — Total realized and unrealized gain (loss) $ 19,633 $ (49,842 ) $ 51,178 Supplemental information on realized gain (loss): Shares of common stock sold—DraftKings 444 — 420 Cash proceeds from common stock sold—DraftKings $ 9,864 $ — $ 22,079 Shares of common stock sold—Townsquare 1,500 — — Cash proceeds from common stock sold—Townsquare $ 14,550 $ — $ —

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
Property and Equipment, Net (Tables)	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	As of June 30, 2023 and 2022, property and equipment, net consisted of the following assets: As of June 30, 2023 2022 Land $ 62,768 $ 62,768 Buildings 999,205 995,965 Equipment 322,445 323,741 Aircraft (a) — 38,090 Furniture and fixtures 29,151 28,976 Leasehold improvements 105,877 105,877 Construction in progress 2,828 3,139 Total Property and equipment 1,522,274 1,558,556 Less accumulated depreciation and amortization (893,386 ) (862,477 ) Property and equipment, net $ 628,888 $ 696,079 (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 related accumulated depreciation of $13,689.

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Jun. 30, 2023
Leases [Abstract]
Summary of Lease Information and Cost and Supplemental Cash Flow Information	The following table summarizes the ROU assets and lease liabilities recorded on the Company’s consolidated and combined balance sheets as of June 30, 2023 and 2022: As of June 30, 2023 2022 ROU assets $ 235,790 $ 271,154 Lease liabilities: Operating leases, current (36,529 ) (39,006 ) Operating leases, non-current (219,955 ) (254,114 ) Total lease liabilities $ (256,484 ) $ (293,120 ) The following table summarizes the activity related to lease costs recorded within the Company’s consolidated and combined statements of operations for Fiscal Years 2023, 2022 and 2021: Line Item in the Company’s Consolidated and Combined Statements of Operations Years Ended June 30, 2023 2022 2021 Operating lease cost Direct operating expenses 20,729 $ 22,360 $ 20,138 Operating lease cost Selling, general and administrative expenses 11,176 9,782 9,773 Variable lease cost Direct operating expenses 346 147 247 Variable lease cost Selling, general and administrative expenses 39 41 39 Total lease cost $ 32,290 $ 32,330 $ 30,197 Supplemental cash flow information related to operating leases is as follows: Years Ended June 30, 2023 2022 2021 Cash paid for amounts included in the measurement of operating lease liabilities $ 35,400 $ 33,312 $ 29,380 Lease assets obtained in exchange for new lease obligations $ 478 $ 298,100 $ —
Operating Lease Maturity Schedule	The future lease payments related to this new lease for the next five fiscal years and thereafter are expected to be as follows: As of June 30, 2023 Fiscal Year 2024 $ — Fiscal Year 2025 10,121 Fiscal Year 2026 16,276 Fiscal Year 2027 39,207 Fiscal Year 2028 39,563 Thereafter (Fiscal Year 2029 to Fiscal Year 2046) 799,225 Total lease payments $ 904,392 Maturities of operating lease liabilities as of June 30, 2023 were as follows: As of June 30, 2023 Fiscal year ending June 30, 2024 $ 38,324 Fiscal year ending June 30, 2025 28,899 Fiscal year ending June 30, 2026 10,527 Fiscal year ending June 30, 2027 22,788 Fiscal year ending June 30, 2028 22,927 Thereafter 230,772 Total lease payments 354,237 Less: imputed interest 97,753 Total lease liabilities $ 256,484 The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows: As of June 30, 2023 2022 Weighted average remaining lease term (in years) 12.85 12.90 Weighted average discount rate 4.77 % 4.79 %

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
Goodwill and Intangible Assets (Tables)	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Indefinite-Lived Intangible Assets	The Company’s indefinite-lived intangible assets as of June 30, 2023 and 2022 were as follows: As of June 30, 2023 2022 Trademarks $ 61,881 $ 61,881 Photographic related rights 1,920 1,920 Total indefinite-lived intangible assets $ 63,801 $ 63,801
Finite-Lived Intangible Assets	The Company’s intangible assets subject to amor tizati June 30, 2023 Gross Accumulated Amortization Net Other intangibles (a) $ 4,217 $ (4,217 ) $ — Total amortizable intangible assets $ 4,217 $ (4,217 ) $ — June 30, 2022 Gross Accumulated Amortization Net Trade names (b) $ 2,530 $ (2,169 ) $ 361 Festival rights (b) 8,080 (6,926 ) 1,154 Other intangibles 4,217 (4,094 ) 123 Total amortizable intangible assets $ 14,827 $ (13,189 ) $ 1,638 (a) The Other intangibles were fully amortized. (b) On December 2, 2022, the Company completed the BCE Disposition (see Note 3. Dispositions) which resulted in a reduction of gross assets and accumulated amortization related to festival rights and trade names, associated with the BCE Disposition.

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	12 Months Ended
Commitment and Contingencies (Tables)	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Other Commitments	As of June 30, 2023, commitments of the Company in the normal course of business in excess of one year were as follows: Commitments June 30 2024 June 30 2025 June 30 2026 June 30 2027 June 30 2028 Thereafter Total Contractual obligations $ 11,225 $ 12,588 $ 16,276 $ 39,207 $ 39,563 $ 799,225 $ 918,084 Letters of credit 8,382 — — — — — 8,382 Total commitments $ 19,607 $ 12,588 $ 16,276 $ 39,207 $ 39,563 $ 799,225 $ 926,466

Credit Facilities (Tables)

Credit Facilities (Tables)	12 Months Ended
Credit Facilities (Tables)	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-Term Debt Instruments	The following table summarizes the presentation of the outstanding balances under the Company’s credit and other debt agreements as of June 30, 2023 and 2022: As of June 30, 2023 2022 Current Portion National Properties Term Loan Facility $ 16,250 $ 8,125 Other debt — 637 Current portion of long-term debt $ 16,250 $ 8,762 June 30, 2023 June 30, 2022 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current National Properties Term Loan Facility $ 625,625 $ (12,845 ) $ 612,780 $ 641,875 $ (16,063 ) $ 625,812 National Properties Revolving Credit Facility 17,100 — 17,100 29,100 — 29,100 Other debt 304 — 304 — — — Long-term debt, net of deferred financing costs $ 643,029 $ (12,845 ) $ 630,184 $ 670,975 $ (16,063 ) $ 654,912
Debt Maturities	Maturities for the outstanding debt balances as of June 30, 2023 were as follows: National Properties Facilities Other debt Total Fiscal year ending June 30, 2024 $ 16,250 $ — $ 16,250 Fiscal year ending June 30, 2025 16,250 304 16,554 Fiscal year ending June 30, 2026 32,500 — 32,500 Fiscal year ending June 30, 2027 593,975 — 593,975 Fiscal year ending June 30, 2028 — — — Thereafter — — — $ 658,975 $ 304 $ 659,279
Interest Payments and Loan Principal Repayments	Interest payments and loan principal repayments made by the Company under the National Properties Credit Agreement were as follows: Interest Payments Loan Principal Repayments Year Ended June 30, Year Ended June 30, 2023 2022 2021 2023 2022 2021 National Properties Facilities 48,548 52,163 22,879 20,125 646,750 3,250 The carrying value and fair value of the Company’s financial instruments reported in the accompanying consolidated and combined balance sheets were as follows: June 30, 2023 June 30, 2022 Carrying Value (a) Fair Value Carrying Value (a) Fair Value Liabilities: National Properties Facilities $ 658,975 $ 655,509 $ 679,100 $ 679,100 Other debt 304 304 637 637 Total $ 659,279 $ 655,813 $ 679,737 $ 679,737 (a) The total carrying value of the Company’s financial instruments as of June 30, 2023 and June 30, 2022 is equal to the current and noncurrent principal payments for the Company’s credit agreements excluding unamortized deferred financing costs of $12,845 and $16,063, respectively.

Pension Plans and Other Postr_2

Pension Plans and Other Postretirement Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Net Funded Status	The following table summarizes the projected benefit obligations, assets, funded status and the amounts recorded on the Company’s consolidated and combined balance sheets as of June 30, 2023 and 2022, associated with the pension plans and Postretirement Plan based upon actuarial valuations as of those measurement dates. Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Change in benefit obligation: Benefit obligation at beginning of period $ 135,916 $ 171,897 $ 2,463 $ 3,218 Service cost 68 120 25 32 Interest cost 5,874 3,708 97 42 Actuarial loss (gain) (a) (3,753 ) (33,344 ) 304 (501 ) Benefits paid (7,139 ) (6,465 ) (372 ) (328 ) Plan settlements paid (97 ) — — — Other (144 ) — — — Benefit obligation at end of period 130,725 135,916 2,517 2,463 Change in plan assets: Fair value of plan assets at beginning of period 108,978 145,651 — — Actual return on plan assets 1,782 (30,667 ) — — Employer contributions 250 400 — — Benefits paid (7,080 ) (6,406 ) — — Administrative expenses paid (1,694 ) — — — Fair value of plan assets at end of period 102,236 108,978 — — Funded status at end of period $ (28,489 ) $ (26,938 ) $ (2,517 ) $ (2,463 ) (a) In Fiscal Year 2023, the actuarial gains on the benefit obligations were primarily due to an increase in discount rate partially offset by an increase in the interest crediting rates. In Fiscal Year 2022, the actuarial gains on the benefit obligations were primarily due to a net increase in discount and interest crediting rates.
Amounts Recognized in Balance Sheet	Amounts recognized in the consolidated and combined balance sheets as of June 30, 2023 and 2022 consist of: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Current liabilities (included in accrued employee related costs) $ (270 ) $ (264 ) $ (318 ) $ (364 ) Non-current $ (28,219 ) $ (26,674 ) $ (2,199 ) $ (2,099 ) $ (28,489 ) $ (26,938 ) $ (2,517 ) $ (2,463 )
Net Periodic Benefit Cost Not Yet Recognized	Accumulated other comprehensive loss, b efore Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Actuarial gain (loss) $ (40,625 ) $ (41,910 ) $ (555 ) $ (251 )
Net Benefit Costs	The following table presents components of net periodic benefit cost for the pension plans and Postretirement Plan included in the accompanying consolidated and combined statements of operations for Fiscal Years 2023, 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 income (expense), net. Pension Plans Postretirement Plan Year Ended June 30, Year Ended June 30, 2023 2022 2021 2023 2022 2021 Service cost $ 68 $ 120 $ 96 $ 25 $ 32 $ 47 Interest cost 5,874 3,708 3,385 97 42 45 Expected return on plan assets (4,362 ) (6,016 ) (5,232 ) — — — Recognized actuarial loss 1,800 1,386 1,093 — 34 98 Settlement loss recognized (a) 5 — 870 — — — Net periodic benefit cost reported in the consolidated and combined statements of operations $ 3,385 $ (802 ) $ 212 $ 122 $ 108 $ 190 (a) For Fiscal Years 2023 2022 2021 lump sum payments non-qualified
Amounts Recognized in Other Comprehensive Income (Loss)	Other pre-tax comprehensive Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Actuarial gain (loss), net $ (1,800 ) $ (3,306 ) $ (5,244 ) $ 304 $ 501 $ 76 Recognized actuarial loss 520 1,386 1,093 — 34 98 Curtailments — — 91 — — 65 Settlement loss recognized 5 — 870 — — — Total recognized in other comprehensive income (loss) $ (1,275 ) $ (1,920 ) $ (3,190 ) $ 304 $ 535 $ 239
Weighted-Average Assumptions	Weighted-average assumptions used to determine benefit obligations (made at the end of the period) as of June 30, 2023 and 2022 were as follows: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Discount rate 5.34 % 4.86 % 5.40 % 4.62 % Interest crediting rate 3.77 % 2.76 % n/a n/a Healthcare cost trend rate assumed for next year n/a n/a 7.00 % 6.00 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) n/a n/a 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate n/a n/a 2032 2027 Weighted-average assumptions used to determine net periodic benefit cost (made at the beginning of the period) for Fiscal Years 2023, 2022 and 2021 were as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Discount rate—projected benefit obligation 4.86 % 2.87 % 2.84 % 4.63 % 2.17 % 2.09 % Discount rate—service cost 4.97 % 3.11 % 3.20 % 4.89 % 2.65 % 2.15 % Discount rate—interest cost 4.56 % 1.92 % 1.92 % 4.28 % 1.51 % 1.23 % Expected long—term return on plan assets 5.92 % 4.94 % 4.02 % n/a n/a n/a Interest crediting rate 2.76 % 2.32 % 1.37 % n/a n/a n/a Healthcare cost trend rate assumed for next year n/a n/a n/a 6.00 % 6.25 % 6.50 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) n/a n/a n/a 5.00 % 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate n/a n/a n/a 2027 2027 2027
Weighted-Average Asset Allocation	The weighted-average asset allocation of the pension plans’ assets at June 30, 2023 and 2022 was as follows: As of June 30, 2023 2022 Asset Classes (a) : Fixed income securities 75 % 78 % Equity securities 15 % 14 % Cash equivalents 10 % 8 % 100 % 100 % (a) The Company’s target allocation for the Cash Balance Plan assets is 85% fixed income securities and 15% equity as of June 30, 2023 and the Company’s target allocation for the Union Plan assets is 100% fixed income securities.
Changes in Fair Value of Plan Assets	The cumulative fair values of the individual plan assets at June 30, 2023 and 2022 by asset class were as follows: Fair Value Hierarchy As of June 30, 2023 2022 Fixed income securities: U.S. Treasury securities (a) I $ 3,673 $ 672 Money market fund (a) I 6,511 8,311 U.S. Gov’t Agency Obligations (b) II 308 — Mutual fund—equity (c) II 15,296 15,661 Common collective trust (c) II 76,448 84,334 Total investments measured at fair value $ 102,236 $ 108,978 (a) U.S. Treasury Securities and the money market fund are classified within Level I of the fair value hierarchy as they are valued using observable inputs that reflect quoted prices for identical assets in active markets. (b) U.S. Government Agency Obligations are classified within Level II of the fair value hierarchy as they are valued daily using institutional bond quotes based on evaluations based on various market and industry inputs. (c) The common collective trust (“CCT”) and the mutual fund, which are non-exchange
Estimated Future Benefit Payments	The following table presents estimated future fiscal year benefit payments for the pension plans and Postretirement Plan: Pension Plans Postretirement Plan Fiscal year ending June 30, 2024 $ 10,799 $ 328 Fiscal year ending June 30, 2025 $ 8,355 $ 334 Fiscal year ending June 30, 2026 $ 8,666 $ 315 Fiscal year ending June 30, 2027 $ 9,015 $ 271 Fiscal year ending June 30, 2028 $ 8,754 $ 266 Fiscal years ending June 30, 2029–2033 $ 46,261 $ 1,119
Multiemployer Defined Benefit Pension Plans	The following table outlines the Company’s participation in multiemployer defined benefit pension pl an PPA Zone Status Company Contributions As of June 30, Year Ended June 30, Plan name EIN Pension 2023 2022 FIP/ RP Status Pending/ Implemented 2023 2022 2121 Surcharge Expiration Pension Fund of Local No. 1 of I.A.T.S.E. 136414973 001 Green 2022-12-31 Green 2021-12-31 No $ 2,550 $ 1,999 $ 194 No 6/30/2026 All Other Multiemployer Defined Benefit Pension Plans 2,897 1,907 584 $ 5,447 $ 3,906 $ 778
Multiemployer Plans Year Contributions Exceeded More Than 5 Percent of Total Contributions	The Company was listed in the following plans’ Form 5500’s as providing more than 5% of the total contributions for the following plans and plan years: Fund Name Exceeded 5 Percent of Total Contributions Year Contributions to Plan Exceeded 5 Percent of Total Contributions (As of Plan’s Year-End) Pension Fund of Local No. 1 of I.A.T.S.E True December 31, 2021, 2020 and 2019 32BJ/Broadway League Pension Fund True December 31, 2021, 2020 and 2019 Treasurers and Ticket Sellers Local 751 Pension Fund True August 31, 2022, 2021 and 2020
Schedule of Defined Benefit Plans Disclosures	Amounts recognized in the consolidated balance sheets as of June 30, 2023 related to the Deferred Compensation Plan consist of: June 30, 2023 Non-current $ 2,954 Non-current $ (2,976 )

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
Share-based Compensation (Tables)	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Compensation Expense	Share-based compensation expense was recognized in the cons olidated and combined statements of operations as a component of direct operating expenses or selling, general and administrative expenses. The following tabl Years Ended June 30, 2023 2022 2021 Share-based compensation expense (a) $ 29,521 $ 37,746 $ 40,663 (a) For Fiscal Years 2023, 2022, and 2021 share-based compensation excludes costs of $2,293, $1,612, and nil, respectively, that have been reclassified to Restructuring charges in the consolidated and combined statements of operations, as detailed in Note 5, Restructuring Charges.
Restricted Stock Units Award Activity	The following table summarizes activity related to MSG Entertainment’s RSUs and PSUs held by the Company, MSG Sports, and Sphere’s employees from the MSGE Distribution Date to June 30, 2023: Number of Weighted- Average Grant-date Fair Value (a) RSUs PSUs Unvested award balance as of April 20, 2023 1,022 1,156 $ 66.49 Granted 64 21 $ 35.09 Vested (b) (168 ) (74 ) $ 62.41 Forfeited (15 ) (19 ) $ 58.82 Unvested award balance as of June 30, 2023 903 1,084 $ 65.78 (a) Weighted-average grant-date fair value as of April 20, 2023 and for activity prior to MSGE Distribution Date does not reflect any adjustment associated with the MSGE Distribution. See above for further detail for the MSGE Distribution. (b) The fair value of RSUs and PSUs that vested and were distributed during Fiscal Year 2023 was $8,259. Upon delivery, RSUs granted under the Sphere Entertainment Stock Plan (as defined above) were net share-settled to cover the required statutory tax withholding obligations. To fulfill the employees’ statutory minimum tax withholding obligations for the applicable income and other employment taxes, 82 of these RSUs, with an aggregate value of $2,783 were retained by Sphere Entertainment.
Share-Based Payment Arrangement, Option, Activity	The following table summarizes activity related to the Company’s stock options Number of Time Vesting Options Weighted- Average Exercise Price Per Share (a) Weighted- Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of April 20, 2023 724 $ 55.87 Options granted in Fiscal Year 2023 — Balance as of June 30, 2023 724 $ 55.87 2.47 $ — Exercisable on June 30, 2023 724 $ 55.87 2.47 $ — (a) Weighted-average grant-date fair value as of April 20, 2023 and for activity prior to MSGE Distribution Date does not reflect any adjustment associated with the MSGE Distribution. See above for further detail for the MSGE Distribution.

Equity (Tables)

Equity (Tables)	12 Months Ended
Equity (Tables)	Jun. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	The following table details the components of accumulated other comprehensive loss: Pension Plans and Postretirement Plan June 30, 2023 2022 2021 Balance at beginning of period $ (34,740 ) $ (33,598 ) $ (31,108 ) Other comprehensive loss: Amounts reclassified from accumulated other comprehensive loss (a) (971 ) (1,385 ) (2,951 ) Income tax benefit 176 243 461 Other comprehensive loss, total (795 ) (1,142 ) (2,490 ) Adjustment related to the transfer of pension plans and postretirement plan liabilities as a result of the MSGE Distribution 1,514 — — Balance at end of period $ (34,021 ) $ (34,740 ) $ (33,598 ) (a) Amounts reclassified from accumulated other comprehensive loss represent curtailments, settlement losses recognized, the amortization of net actuarial gain (loss) and net unrecognized prior service credit included in net periodic benefit cost, which is reflected under Other income (expense), net in the accompanying consolidated and combined statements of operations (see Note 13. Pension Plans and Other Postretirement Benefit Plans).

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Components of Income Tax (Expense) Benefit	Income tax expense is comprised of the following components: Year Ended June 30, 2023 2022 2021 Current (expense) benefit: Federal $ (1,008 ) $ 515 $ (2,536 ) State and other — (220 ) (2,247 ) (1,008 ) 295 (4,783 ) Deferred (expense) benefit: Federal 6,198 (4,711 ) (15,658 ) State and other (6,918 ) 4,486 15,092 (720 ) (225 ) (566 ) Income tax (expense) benefit $ (1,728 ) $ 70 $ (5,349 )
Effective Income Tax Rate Reconciliation	The income tax (expense) benefit differs from the amount derived by applying pre-tax Year Ended June 30, 2023 2022 2021 Federal tax (expense) benefit at statutory federal rate $ (16,332 ) $ 28,617 $ 44,931 State income taxes, net of federal benefit (13,033 ) 12,141 22,882 Change in valuation allowance 34,147 (31,679 ) (70,501 ) Change in the estimated applicable tax rate used to determine deferred taxes — — 2,545 Capital loss carryover 3,960 — — Nondeductible transaction costs (206 ) — — GAAP income of consolidated partnership attributable to non-controlling (116 ) (601 ) (146 ) Change in estimated rate to measure deferred taxes (557 ) — — Nondeductible officers’ compensation (3,861 ) (8,125 ) (5,209 ) Nondeductible expenses (266 ) (373 ) (285 ) Excess tax benefit related to share-based payment awards (5,457 ) 93 1,088 Other, net (7 ) (3 ) (654 ) Income tax (expense) benefit $ (1,728 ) $ 70 $ (5,349 )
Deferred Tax Assets and Liabilities	The tax effects of temporary differences which give rise to significant portions of the deferred tax assets and liabilities at June 30, 2023 and 2022 were as follows: June 30, 2023 2022 Deferred tax assets: Net operating losses (NOLs) $ 18,684 $ 102,273 Accrued employee benefits 28,271 29,440 Restricted stock units and stock options 8,571 12,452 Deferred revenue 34,914 — Right-of-use 7,071 7,482 Deferred interest 3,299 24,950 Property and equipment 38,703 16,327 Other, net 5,853 7,183 Total gross deferred tax assets $ 145,366 $ 200,107 Less valuation allowance (95,352 ) (151,043 ) Net deferred tax assets $ 50,014 $ 49,064 Deferred tax liabilities: Intangibles and other assets $ (40,143 ) $ (40,069 ) Deferred revenue — (10,107 ) Prepaid expenses (4,854 ) (4,874 ) Investments (5,530 ) (3,377 ) Straight line rent (23,005 ) (13,890 ) Total deferred tax liabilities $ (73,532 ) $ (72,317 ) Net deferred tax liability $ (23,518 ) $ (23,253 )

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
Related Party Transactions (Tables)	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Revenues and Operating Expenses The following table summarizes the composition and amounts of the transactions with the Company’s affiliates. The significant components of these amounts are discussed below. These amounts are reflected in revenues and operating expenses in the accompanying consolidated and combined statements of operations for Fiscal Years 2023, 2022, and 2021: Year Ended June 30, 2023 2022 2021 Revenues $ 105,862 $ 115,370 $ 51,657 Operating expenses (credits): Revenue sharing expenses 19,056 17,279 558 Reimbursement under Arena License Arrangements (22,279 ) (25,827 ) (9,717 ) Cost reimbursement from MSG Sports (38,473 ) (38,254 ) (36,502 ) Cost reimbursement from Sphere Entertainment (after April 20, 2023) and Corporate allocations to Sphere Entertainment (before April 20, 2023) (151,219 ) (161,189 ) (100,942 ) Other operating expenses, net 3,949 4,995 4,041 Total operating expenses (credits), net (a) $ (188,966 ) $ (202,996 ) $ (142,562 ) (a) Of the total operating expenses, net, $(1,019), $(9,347) and $(930) of net credits for Fiscal Years 2023, 2022 and 2021, respectively, are included in direct operating expenses in the accompanying consolidated and combined statements of operations, and $(187,947), $ (193,649) and $(141,632) for Fiscal Years 2023, 2022 and 2021, respectively, are included as net credits in selling, general and administrative expenses.

Additional Financial Informat_2

Additional Financial Information (Tables)	12 Months Ended
Additional Financial Information (Tables)	Jun. 30, 2023
Additional Financial Information [Abstract]
Cash, Cash Equivalents, and Restricted Cash	The following table provides a summary of the amounts recorded as cash and cash equivalents, and restricted cash: As of June 30, 2023 2022 Cash and cash equivalents $ 76,089 $ 58,102 Restricted cash 8,266 4,471 Total cash, cash equivalents and restricted cash $ 84,355 $ 62,573
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: As of June 30, 2023 2022 Prepaid expenses $ 58,588 $ 65,065 Current contract assets (a) 11,254 5,503 Inventory (b) 2,557 2,752 Other 5,163 6,121 Total prepaid expenses and other current assets $ 77,562 $ 79,441 (a) See Note 4. Revenue Recognition for more information on contract assets. (b) Inventory is primarily comprised of food and liquor for venues.
Schedule of Other Assets, Noncurrent	Other non-current As of June 30, 2023 2022 Unbilled lease receivable (a) $ 67,325 $ 40,780 Equity investments with readily determinable fair value (b) 31,641 36,421 Deferred costs 4,120 3,692 Other 5,270 2,642 Total other non-current $ 108,356 $ 83,535 (a) Unbilled lease receivable relates to th e amounts recor (b) See Note 7. Equity investments with readily determinable fair value for more information on long-term investments.
Accounts Payable, Accrued and Other Current Liabilities	Accounts payable, accrued and other current liabilities consisted of the following: As of June 30, 2023 2022 Accounts payable $ 15,628 $ 11,241 Accrued payroll and employee related liabilities 64,532 88,501 Cash due to promoters 90,538 78,428 Accrued expenses 44,027 43,791 Total accounts payable, accrued and other current liabilities $ 214,725 $ 221,961
Other Income (Expense), Net	Other income (expense), net includes the following: Years Ended June 30, 2023 2022 2021 Gains from shares sold—DraftKings $ 2,608 $ — $ (2,327 ) Gains from Shares sold—Townsquare 975 — — Net unrealized gain (loss) on equity investments with readily determinable fair value 16,050 (49,842 ) 53,505 Other (2,244 ) 809 (556 ) Total other income (expense), net $ 17,389 $ (49,033 ) $ 50,622

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 20, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period		$ (154,753)	$ (123,302)	$ (42,956)
Charged to Costs and Expenses		34,066	(31,845)	(71,388)
Charged to Other Accounts		21,544	(229)	(9,604)
Deductions		3,319	623	646
Balance at End of Period		(95,824)	(154,753)	(123,302)
Allowance for doubtful accounts / credit losses
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period		(3,710)	(4,167)	(3,926)
Charged to Costs and Expenses		(81)	(166)	(887)
Charged to Other Accounts		0	0	0
Deductions		3,319	623	646
Balance at End of Period		(472)	(3,710)	(4,167)
Deferred tax valuation allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period		(151,043)	(119,135)	(39,030)
Charged to Costs and Expenses		34,147	(31,679)	(70,501)
Charged to Other Accounts		21,544	(229)	(9,604)
Deductions		0	0	0
Balance at End of Period	$ (71,395)	$ (95,352)	$ (151,043)	$ (119,135)
Valuation allowances and reserves, increase (decrease) adjustment	13,333
Operating loss carryforward
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation allowances and reserves, increase (decrease) adjustment	$ (106,272)

Description of Business and B_2

Description of Business and Basis of Presentation (Details)			12 Months Ended
Description of Business and Basis of Presentation (Details)	Apr. 20, 2023 $ / shares shares	Apr. 14, 2023 shares	Jun. 30, 2023 segment $ / shares	Aug. 09, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of reportable segments \| segment			1
Class A Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value per share (in dollars per share)			$ 0.01
Class B Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value per share (in dollars per share)			$ 0.01
Spinoff \| Madison Square Garden Entertainment \| Class A Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value per share (in dollars per share)	$ 0.01
Madison Square Garden Entertainment \| Spinoff
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	33%
Madison Square Garden Entertainment \| Spinoff \| Class A Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares received for every one common stock shares held on record date (in shares) \| shares	1
Madison Square Garden Entertainment \| Spinoff \| Class B Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares received for every one common stock shares held on record date (in shares) \| shares		1
Madison Square Garden Entertainment \| Spinoff \| MSG Stockholders
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Noncontrolling interest, ownership percentage by parent	67%
Sphere Entertainment \| Subsequent Event
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Noncontrolling interest, ownership percentage by parent				17%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 20, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Advertising expense		$ 8,832	$ 7,995	$ 269
Accounts receivable, allowance for credit loss		$ 472	$ 3,710
Sphere Entertainment Stockholders
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares of common stock issued (in shares)	51,768
MSGE Retained Interest \| Class A Common Stock par value $0.01 per share
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares of common stock issued (in shares)	17,021

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Estimated Useful Lives of Property and Equipment and Finite-Lived Intangible Assets (Details)	Jun. 30, 2023
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	1 year
Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Furniture and fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	1 year
Furniture and fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Trade names
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life	7 years
Festival rights
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life	7 years
Other intangibles
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life	15 years

Dispositions (Details)

Dispositions (Details) - USD ($) $ in Thousands			12 Months Ended
Dispositions (Details) - USD ($) $ in Thousands	Dec. 30, 2022	Dec. 02, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]			Gains, net on dispositions	Gains, net on dispositions	Gains, net on dispositions
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| BCE
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, not discontinued operation, gain (loss) on disposal		$ 8,744
Disposal Group, Disposed of by Sale, Not Discontinued Operations \| The Aircraft
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, not discontinued operation, gain (loss) on disposal	$ 4,383
Consideration to be received for disposal	$ 20,375

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Revenue sharing expenses \| MSG Sports
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Related party transaction, amounts of transaction	$ 119,017	$ 92,086	$ 558
Arena License Agreements
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue not from customer	$ 68,068	$ 68,072	$ 21,345
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue by Major Source (Details) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		$ 779,818	$ 582,080	$ 57,487
Revenues from Arena License Agreements, leases and subleases		71,678	71,410	24,325
Total revenues	[1]	851,496	653,490	81,812
Event-related and entertainment offerings \| Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		546,304	386,309	14,062
Sponsorship, signage and suite licenses \| Transferred over Time
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		203,758	156,387	15,897
Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		5,621	2,960	2,786
Other \| Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		29,756	39,384	27,528
Ticketing and venue license fee revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		360,596	250,092	8,311
Sponsorship and signage, suite, and advertising commission revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		262,475	219,113	43,312
Food, beverage and merchandise revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		$ 151,126	$ 109,915	$ 3,078

[1]See Note 17. Related Party Transactions for further information on related party arrangements.

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2021
Capitalized Contract Cost [Line Items]
Contract with customer, deferred revenue, revenue recognized	$ 176,828
Receivables from contracts with customers, net
Capitalized Contract Cost [Line Items]
Contracts with customers, assets, net	106,664	$ 69,295	$ 72,978
Contract assets, current
Capitalized Contract Cost [Line Items]
Contracts with customers, assets, net	5,503	11,254	7,052
Deferred revenue, including non-current portion
Capitalized Contract Cost [Line Items]
Deferred revenue, including non-current portion	203,256	226,029	199,041
Other receivables, net, current \| Related Party
Capitalized Contract Cost [Line Items]
Contracts with customers, assets, net	$ 4,163	$ 5,397	$ 5,172

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 479,178
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	167,456
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	125,123
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	80,783
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	50,027
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	28,990
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 26,799

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	12 Months Ended
Restructuring Charges (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring charges	$ 10,241	$ 5,171	$ 14,691
Severance costs	2,293	1,612	$ 0
Restructuring accrual	$ 2,530	$ 3,210

Computation of Earnings per-S_3

Computation of Earnings per-Share - Narrative (Details)	Apr. 20, 2023 shares
Sphere Entertainment Stockholders
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares of common stock issued (in shares)	51,768
MSGE Retained Interest \| Class A Common Stock par value $0.01 per share
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares of common stock issued (in shares)	17,021

Computation of Earnings per-S_4

Computation of Earnings per-Share - Schedule of Weighted Average Shares (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Weighted-average shares for basic EPS (in shares)	51,819	51,768	51,768
Dilutive effect of shares issuable under share-based compensation plans (in shares)	459	0	0
Weighted-average shares for diluted EPS (in shares)	52,278	51,768	51,768
Weighted-average anti-dilutive shares (in shares)	740	0	0

Equity Investments With Readi_3

Equity Investments With Readily Determinable Fair Value - Equity Securities With Readily Determinable Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Schedule of Investments [Line Items]
Equity investments with readily determinable fair value	$ 31,641	$ 36,421
Townsquare \| Class A Common Stock \| Common Stock
Schedule of Investments [Line Items]
Equity investments with readily determinable fair value	6,945	4,776
Townsquare \| Class C Common Stock \| Common Stock
Schedule of Investments [Line Items]
Equity investments with readily determinable fair value	13,399	21,499
Draftkings \| Class A Common Stock \| Common Stock
Schedule of Investments [Line Items]
Equity investments with readily determinable fair value	$ 11,297	$ 10,146

Equity Investments With Readi_4

Equity Investments With Readily Determinable Fair Value - Gain (Loss) on Equity Investments (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Schedule of Investments [Line Items]
Unrealized gain (loss)	$ 16,050	$ (49,842)	$ 53,505
Total realized and unrealized gain (loss)	19,633	(49,842)	51,178
Supplemental information on realized gain (loss):
Cash proceeds from common stock sold	24,289		21,976
Townsquare
Schedule of Investments [Line Items]
Unrealized gain (loss)	7,644	(14,629)	26,563
Gain (loss) from shares sold	$ 975	$ 0	$ 0
Supplemental information on realized gain (loss):
Shares of common stock sold (in shares)	1,500	0	0
Cash proceeds from common stock sold	$ 14,550	$ 0	$ 0
Draftkings
Schedule of Investments [Line Items]
Unrealized gain (loss)	8,406	(35,213)	26,942
Gain (loss) from shares sold	$ 2,608	$ 0	$ (2,327)
Supplemental information on realized gain (loss):
Shares of common stock sold (in shares)	444	0	420
Cash proceeds from common stock sold	$ 9,864	$ 0	$ 22,079

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands		12 Months Ended
	Dec. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Total Property and equipment		$ 1,522,274	$ 1,558,556
Less accumulated depreciation and amortization		(893,386)	(862,477)
Property and equipment, net		628,888	696,079
Depreciation and amortization		59,709	63,696	$ 70,588
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]
Total Property and equipment		62,768	62,768
Buildings
Property, Plant and Equipment [Line Items]
Total Property and equipment		999,205	995,965
Equipment
Property, Plant and Equipment [Line Items]
Total Property and equipment		322,445	323,741
Aircraft
Property, Plant and Equipment [Line Items]
Total Property and equipment		0	38,090
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total Property and equipment		29,151	28,976
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total Property and equipment		105,877	105,877
Construction in progress
Property, Plant and Equipment [Line Items]
Total Property and equipment		$ 2,828	$ 3,139

Leases - Summary of ROU Assets

Leases - Summary of ROU Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
ROU assets	$ 235,790	$ 271,154
Lease liabilities:
Operating leases, current	(36,529)	(39,006)
Operating leases, non-current	(219,955)	(254,114)
Total lease liabilities	$ (256,484)	$ (293,120)

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs Incurred In The Period (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Lessee, Lease, Description [Line Items]
Total lease cost	$ 32,290	$ 32,330	$ 30,197
Direct operating expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	20,729	22,360	20,138
Variable lease cost	346	147	247
Selling, general and administrative expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	11,176	9,782	9,773
Variable lease cost	$ 39	$ 41	$ 39

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	4 Months Ended	12 Months Ended			25 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	May 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2023
Lessee, Lease, Description [Line Items]
Seating capacity	10%				100%
Operating lease, lease income		$ 3,610	$ 3,338	$ 2,980
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]		Revenues	Revenues	Revenues
Buildings
Lessee, Lease, Description [Line Items]
Base rent increase term (in years)		5 years
Arena License Agreements
Lessee, Lease, Description [Line Items]
Revenue not from customer		$ 68,068	$ 68,072	$ 21,345
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)		9 months 18 days			9 months 18 days
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)		15 years 1 month 6 days			15 years 1 month 6 days

Leases - Operating Lease Maturi

Leases - Operating Lease Maturity of New Lease (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Fiscal Year 2024	$ 38,324
Fiscal Year 2025	28,899
Fiscal Year 2026	10,527
Fiscal Year 2027	22,788
Fiscal Year 2028	22,927
Thereafter (Fiscal Year 2029 to Fiscal Year 2046)	230,772
Total lease payments	354,237
Buildings \| Renovated Office Space, Twenty Year Term
Lessee, Lease, Description [Line Items]
Fiscal Year 2024	0
Fiscal Year 2025	10,121
Fiscal Year 2026	16,276
Fiscal Year 2027	39,207
Fiscal Year 2028	39,563
Thereafter (Fiscal Year 2029 to Fiscal Year 2046)	799,225
Total lease payments	$ 904,392

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 35,400	$ 33,312	$ 29,380
Lease assets obtained in exchange for new lease obligations	$ 478	$ 298,100	$ 0

Leases - Operating Lease Matu_2

Leases - Operating Lease Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Fiscal year ending June 30, 2024	$ 38,324
Fiscal year ending June 30, 2025	28,899
Fiscal year ending June 30, 2026	10,527
Fiscal year ending June 30, 2027	22,788
Fiscal year ending June 30, 2028	22,927
Thereafter	230,772
Total lease payments	354,237
Less: imputed interest	97,753
Total lease liabilities	$ 256,484	$ 293,120
Weighted average remaining lease term (in years)	12 years 10 months 6 days	12 years 10 months 24 days
Weighted average discount rate	4.77%	4.79%

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) segment unit	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Number of reportable segments \| segment	1
Number of reporting units \| unit	1
Goodwill	$ 69,041	$ 69,041
Amortization expense	$ 754	$ 5,838	$ 988

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Indefinite-Lived Intangible Assets [Line Items]
Total indefinite-lived intangible assets	$ 63,801	$ 63,801
Trademarks
Indefinite-Lived Intangible Assets [Line Items]
Total indefinite-lived intangible assets	61,881	61,881
Photographic related rights
Indefinite-Lived Intangible Assets [Line Items]
Total indefinite-lived intangible assets	$ 1,920	$ 1,920

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Gross	$ 4,217	$ 14,827
Accumulated Amortization	(4,217)	(13,189)
Net	0	1,638
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross		2,530
Accumulated Amortization		(2,169)
Net		361
Festival rights
Finite-Lived Intangible Assets [Line Items]
Gross		8,080
Accumulated Amortization		(6,926)
Net		1,154
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Gross	4,217	4,217
Accumulated Amortization	(4,217)	(4,094)
Net	$ 0	$ 123

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Contractual Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Other Commitments [Line Items]
Contractual obligations, to be paid, June 30, 2024	$ 11,225
Contractual obligations, to be paid, June 30, 2025	12,588
Contractual obligations, to be paid, June 30, 2026	16,276
Contractual obligations, to be paid, June 30, 2027	39,207
Contractual obligations, to be paid, June 30, 2028	39,563
Contractual obligations, to be paid, thereafter	799,225
Total	918,084
Net	630,184	$ 654,912
Commitments, to be paid, year one	19,607
Commitments, to be paid, year two	12,588
Commitments, to be paid, year three	16,276
Commitments, to be paid, year four	39,207
Commitments, to be paid, year five	39,563
Commitments, to be paid, after year five	799,225
Total	926,466
Letters of credit
Other Commitments [Line Items]
Letters of credit, to be paid, June 30, 2024	8,382
Letters of credit, to be paid, June 30, 2025	0
Letters of credit, to be paid, June 30, 2027	0
Letters of credit, to be paid, June 30, 2028	0
Letters of credit, to be paid, thereafter	0
Net	$ 8,382

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) $ in Thousands	Jul. 14, 2023 USD ($)	Apr. 20, 2023 USD ($) Day borrowing
MSGE Holdings
Other Commitments [Line Items]
Number of borrowings \| borrowing		6
Line of credit facility, minimum borrowing amount		$ 5,000
Threshold trading days \| Day		20
MSGE Holdings \| Secured Overnight Financing Rate (SOFR)
Other Commitments [Line Items]
Basis spread on variable rate		0.10%
MSGE Holdings \| Base Rate
Other Commitments [Line Items]
Basis spread on variable rate		1%
National Properties Term Loan Facility \| DDTL Facility \| Line of Credit \| MSGE Holdings
Other Commitments [Line Items]
Loans receivable, maximum borrowing capacity		$ 65,000
National Properties Term Loan Facility \| DDTL Facility \| Line of Credit \| Sphere Entertainment \| Subsequent Event
Other Commitments [Line Items]
Proceeds from long-term lines of credit	$ 65,000

Credit Facilities - Long-Term D

Credit Facilities - Long-Term Debt Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Current Portion
Current portion of long-term debt	$ 16,250	$ 8,762
Non-current Portion
Principal	643,029	670,975
Unamortized Deferred Financing Costs	(12,845)	(16,063)
Net	630,184	654,912
Other debt
Current Portion
Current portion of long-term debt		637
Non-current Portion
Principal	304
Net		0
National Properties Term Loan \| Line of Credit \| National Properties Term Loan Facility
Current Portion
Current portion of long-term debt	16,250	8,125
Non-current Portion
Principal	625,625	641,875
Unamortized Deferred Financing Costs	(12,845)	(16,063)
Net	612,780	625,812
National Properties Revolving Facility \| Line of Credit \| National Properties Revolving Credit Facility
Non-current Portion
Principal	17,100	29,100
Net	$ 17,100	$ 29,100

Credit Facilities - Narrative (

Credit Facilities - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Principal	$ 643,029	$ 670,975
Loss on extinguishment of debt	$ 0	(35,629)	$ 0
National Properties Term Loan \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Long-term debt, percentage bearing variable interest rate, percentage rate	7.70%
Debt covenant, minimum consolidated liquidity	$ 50,000
National Properties Term Loan \| Debt Instrument, Redemption, Period One \| Measurement Input, Leverage Ratio \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Debt instrument, measurement input	2
National Properties Term Loan \| Debt Instrument, Redemption, Period Two \| Measurement Input, Leverage Ratio \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Debt instrument, measurement input	2.5
National Properties Term Loan \| Debt Instrument, Redemption, Period Four \| Measurement Input, Leverage Ratio \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Debt instrument, measurement input	5.5
National Properties Term Loan \| Debt Instrument, Redemption, Period Three \| Measurement Input, Leverage Ratio \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Debt instrument, measurement input	6
National Properties Term Loan \| Debt Instrument, Redemption, Period Five \| Measurement Input, Leverage Ratio \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Debt instrument, measurement input	4.5
National Properties Term Loan \| Letters of credit \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 25,000
National Properties Term Loan \| Adjusted Base Rate \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
National Properties Term Loan \| Adjusted Secured Overnight Financing Rate (SOFR) \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Basis spread on variable rate	5.20%
National Properties Term Loan \| Minimum \| National Properties Revolving Credit Facility \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Commitment fee percentage	0.30%
National Properties Term Loan \| Minimum \| Base Rate \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
National Properties Term Loan \| Minimum \| Secured Overnight Financing Rate (SOFR) \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
National Properties Term Loan \| Maximum \| National Properties Revolving Credit Facility \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Commitment fee percentage	0.50%
National Properties Term Loan \| Maximum \| Base Rate \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
National Properties Term Loan \| Maximum \| Secured Overnight Financing Rate (SOFR) \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
National Properties Term Loan \| National Properties Term Loan Facility \| 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%
National Properties Term Loan \| National Properties Term Loan Facility \| 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%
National Properties Term Loan \| Line of Credit \| National Properties Revolving Credit Facility \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Debt instrument term (in years)	5 years
Face amount	$ 100,000
Line of credit facility, remaining borrowing capacity	74,518
National Properties Term Loan \| Line of Credit \| National Properties Term Loan Facility
Debt Instrument [Line Items]
Principal	$ 625,625	$ 641,875
National Properties Term Loan \| Line of Credit \| National Properties Term Loan Facility \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Debt instrument term (in years)	5 years
Face amount	$ 650,000
National Properties Term Loan \| Line of Credit \| Letters of credit \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Principal	$ 8,382

Credit Facilities - Debt Maturi

Credit Facilities - Debt Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Debt Instrument [Line Items]
Net	$ 630,184	$ 654,912
Total \| Loans Payable
Debt Instrument [Line Items]
Fiscal year ending June 30, 2024	16,250
Fiscal year ending June 30, 2025	16,554
Fiscal year ending June 30, 2026	32,500
Fiscal year ending June 30, 2027	593,975
Fiscal year ending June 30, 2028	0
Thereafter	0
Net	659,279
Total \| Loans Payable
Debt Instrument [Line Items]
Fiscal year ending June 30, 2024	16,250
Fiscal year ending June 30, 2025	16,250
Fiscal year ending June 30, 2026	32,500
Fiscal year ending June 30, 2027	593,975
Fiscal year ending June 30, 2028	0
Thereafter	0
Net	658,975
Other debt \| Loans Payable
Debt Instrument [Line Items]
Fiscal year ending June 30, 2025	304
Fiscal year ending June 30, 2026	0
Fiscal year ending June 30, 2027	0
Fiscal year ending June 30, 2028	0
Thereafter	0
Net	$ 304

Credit Facilities - Interest Pa

Credit Facilities - Interest Payments and Loan Principal Repayments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Total long-term debt, carrying value	$ 659,279	$ 679,737
Total long-term debt, fair value	655,813	679,737
Unamortized Deferred Financing Costs	(12,845)	(16,063)
National Properties Term Loan \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Interest Payments	48,548	52,163	$ 22,879
Loan Principal Repayments	20,125	646,750	$ 3,250
National Properties Term Loan \| Debt
Debt Instrument [Line Items]
Carrying Value	658,975	679,100
Fair Value	655,509	679,100
Other debt \| Debt
Debt Instrument [Line Items]
Carrying Value	304	637
Fair Value	$ 304	$ 637

Pension Plans and Other Postr_3

Pension Plans and Other Postretirement Benefit Plans - Net Funded Status (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Change in plan assets:
Fair value of plan assets at beginning of period	$ 108,978
Administrative expenses paid	(5)	$ 0	$ (870)
Fair value of plan assets at end of period	102,236	108,978
Pension Plans
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of period	135,916	171,897
Service cost	68	120	96
Interest cost	5,874	3,708	3,385
Actuarial loss (gain)	(3,753)	(33,344)
Benefits paid	(7,139)	(6,465)
Plan settlements paid	(97)	0
Other	(144)	0
Benefit obligation at end of period	130,725	135,916	171,897
Change in plan assets:
Fair value of plan assets at beginning of period	108,978	145,651
Actual return on plan assets	1,782	(30,667)
Employer contributions	250	400
Benefits paid	(7,080)	(6,406)
Administrative expenses paid	(1,694)	0
Fair value of plan assets at end of period	102,236	108,978	145,651
Funded status at end of period	(28,489)	(26,938)
Postretirement Plan
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of period	2,463	3,218
Service cost	25	32	47
Interest cost	97	42	45
Actuarial loss (gain)	304	(501)
Benefits paid	(372)	(328)
Plan settlements paid	0	0
Other	0	0
Benefit obligation at end of period	2,517	2,463	3,218
Change in plan assets:
Fair value of plan assets at beginning of period	0	0
Actual return on plan assets	0	0
Employer contributions	0	0
Benefits paid	0	0
Administrative expenses paid	0	0
Fair value of plan assets at end of period	0	0	$ 0
Funded status at end of period	$ (2,517)	$ (2,463)

Pension Plans and Other Postr_4

Pension Plans and Other Postretirement Benefit Plans - Amounts Recognized in Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Current liabilities (included in accrued employee related costs)	$ (270)	$ (264)
Non-current liabilities (included in defined benefit and other postretirement obligations)	(28,219)	(26,674)
Total	(28,489)	(26,938)
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Current liabilities (included in accrued employee related costs)	(318)	(364)
Non-current liabilities (included in defined benefit and other postretirement obligations)	(2,199)	(2,099)
Total	$ (2,517)	$ (2,463)

Pension Plans and Other Postr_5

Pension Plans and Other Postretirement Benefit Plans - Net Periodic Benefit Cost Not Yet Recognized (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Actuarial gain (loss)	$ (40,625)	$ (41,910)
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Actuarial gain (loss)	$ (555)	$ (251)

Pension Plans and Other Postr_6

Pension Plans and Other Postretirement Benefit Plans - Net Benefit Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Recognized actuarial loss	$ (225)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (expense), net	Other income (expense), net	Other income (expense), net
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (expense), net	Other income (expense), net	Other income (expense), net
Lump sum payments	$ 97	$ 0	$ 52
Defined benefit plan, projected benefit obligation, discount rate	5.44%	1.96%	1.77%
Defined benefit plan, interest cost, discount rate,	5.41%	1.30%	1.24%
Defined benefit plan, settlement charges	$ 5	$ 0	$ 870
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	68	120	96
Interest cost	5,874	3,708	3,385
Expected return on plan assets	(4,362)	(6,016)	(5,232)
Recognized actuarial loss	1,800	1,386	1,093
Settlement loss recognized	5	0	870
Net periodic benefit cost	3,385	(802)	212
Defined benefit plan, settlement charges	1,694	0
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	25	32	47
Interest cost	97	42	45
Expected return on plan assets	0	0	0
Recognized actuarial loss	0	34	98
Settlement loss recognized	0	0	0
Net periodic benefit cost	122	108	$ 190
Defined benefit plan, settlement charges	$ 0	$ 0

Pension Plans and Other Postr_7

Pension Plans and Other Postretirement Benefit Plans - Amounts Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Actuarial gain (loss), net	$ (1,496)	$ (2,805)	$ (5,168)
Curtailments	0	0	156
Settlement loss	5	0	870
Other Comprehensive Income (Loss) \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Actuarial gain (loss), net	(1,800)	(3,306)	(5,244)
Recognized actuarial loss	520	1,386	1,093
Curtailments	0	0	91
Settlement loss	5	0	870
Total recognized in other comprehensive income (loss)	(1,275)	(1,920)	(3,190)
Other Comprehensive Income (Loss) \| Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Actuarial gain (loss), net	304	501	76
Recognized actuarial loss	0	34	98
Curtailments	0	0	65
Settlement loss	0	0	0
Total recognized in other comprehensive income (loss)	$ 304	$ 535	$ 239

Pension Plans and Other Postr_8

Pension Plans and Other Postretirement Benefit Plans - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, amortization of gain (loss)	$ 225
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (expense), net
Selling, general and administrative expenses
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ 225
Red Zone
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, percentage funded	65%
Orange Zone
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, percentage funded	80%
Yellow Zone
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, percentage funded	80%
Green Zone
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, percentage funded	80%
Savings Plans \| Employee \| MSG Networks
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan (benefit) cost	$ 5,187	$ 4,284	$ 2,274
Union Savings Plan \| MSG Networks
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan (benefit) cost	428	394	215
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, accumulated benefit obligation	130,725	135,916	171,897
Employer contributions	250	400
Net periodic benefit cost	3,385	(802)	212
Defined benefit plan, amortization of gain (loss)	(1,800)	(1,386)	(1,093)
Other Pension, Postretirement and Supplemental Plans \| Union Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions		250
Defined benefit plan, expected future employer contributions, next fiscal year	250
Other Pension, Postretirement and Supplemental Plans \| Cash Balance Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, expected future employer contributions, next fiscal year	12,600
All Other Multiemployer Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Contributions	$ 7,316	$ 5,641	$ 723

Pension Plans and Other Postr_9

Pension Plans and Other Postretirement Benefit Plans - Weighted-Average Assumptions (Details)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pension Plans
Discount rate used to determine benefit obligations
Discount rate	5.34%	4.86%
Interest crediting rate	3.77%	2.76%
Discount rate used to determine net periodic benefit cost
Discount rate - projected benefit obligation	4.86%	2.87%	2.84%
Discount rate - service cost	4.97%	3.11%	3.20%
Discount rate - interest cost	4.56%	1.92%	1.92%
Expected long-term return on plan assets	5.92%	4.94%	4.02%
Interest crediting rate	2.76%	2.32%	1.37%
Postretirement Plan
Discount rate used to determine benefit obligations
Discount rate	5.40%	4.62%
Healthcare cost trend rate assumed for next year	7%	6%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5%	5%	5%
Discount rate used to determine net periodic benefit cost
Discount rate - projected benefit obligation	4.63%	2.17%	2.09%
Discount rate - service cost	4.89%	2.65%	2.15%
Discount rate - interest cost	4.28%	1.51%	1.23%
Healthcare cost trend rate assumed for next year	6%	6.25%	6.50%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5%	5%	5%

Pension Plans and Other Post_10

Pension Plans and Other Postretirement Benefit Plans - Weighted-Average Asset Allocation (Details)	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, actual allocation, percentage	100%	100%
Cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, actual allocation, percentage	10%	8%
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, actual allocation, percentage	75%	78%
Defined benefit plan, plan assets, target allocation, percentage	85%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, actual allocation, percentage	15%	14%
Defined benefit plan, plan assets, target allocation, percentage	15%
Union Plans
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, target allocation, percentage	100%

Pension Plans and Other Post_11

Pension Plans and Other Postretirement Benefit Plans - Changes in Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	$ 102,236	$ 108,978
U.S. Treasury securities \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	3,673	672
Money market fund \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	6,511	8,311
US Gov't Agency Obligations \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	308	0
Mutual fund - equity \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	15,296	15,661
Common collective trust \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	$ 76,448	$ 84,334

Pension Plans and Other Post_12

Pension Plans and Other Postretirement Benefit Plans - Estimated Future Benefit Payments (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fiscal year ending June 30, 2024	$ 10,799
Fiscal year ending June 30, 2025	8,355
Fiscal year ending June 30, 2026	8,666
Fiscal year ending June 30, 2027	9,015
Fiscal year ending June 30, 2028	8,754
Fiscal years ending June 30, 2029 – 2033	46,261
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Fiscal year ending June 30, 2024	328
Fiscal year ending June 30, 2025	334
Fiscal year ending June 30, 2026	315
Fiscal year ending June 30, 2027	271
Fiscal year ending June 30, 2028	266
Fiscal years ending June 30, 2029 – 2033	$ 1,119

Pension Plans and Other Post_13

Pension Plans and Other Postretirement Benefit Plans - Multiemployer Defined Benefit Pension Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Surcharge Imposed	No
The Madison Square Garden Company
Defined Benefit Plan Disclosure [Line Items]
Company Contributions	$ 5,447	$ 3,906	$ 778
All Other Multiemployer Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Company Contributions	7,316	5,641	723
All Other Multiemployer Defined Benefit Pension Plans \| The Madison Square Garden Company
Defined Benefit Plan Disclosure [Line Items]
Company Contributions	$ 2,897	$ 1,907	584
Pension Fund of Local No. 1 of I.A.T.S.E. \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
EIN	136414973
Pension Plan Number	001
Multiemployer Plan, Pension, Significant, Certified Zone Status [Fixed List]	Green	Green
FIP/RP Status Pending / Implemented	No
Pension Fund of Local No. 1 of I.A.T.S.E. \| Pension Plans \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Expiration Date of CBA	Jun. 30, 2026
Pension Fund of Local No. 1 of I.A.T.S.E. \| Pension Plans \| The Madison Square Garden Company
Defined Benefit Plan Disclosure [Line Items]
Company Contributions	$ 2,550	$ 1,999	$ 194

Pension Plans and Other Post_14

Pension Plans and Other Postretirement Benefit Plans - Summary of Deferred Compensation Plan Amounts Recognized On Balance Sheet (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Retirement Benefits [Abstract]
Non-current assets (included in investments)	$ 2,954
Non-current liabilities (included in other employee related costs)	$ (2,976)

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) $ in Thousands		2 Months Ended	12 Months Ended
	Apr. 20, 2023 option shares	Jun. 30, 2023 USD ($) Day plan shares	Jun. 30, 2023 USD ($) plan shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of share-based compensation plans \| plan		2	2
Number of equity award options \| option	2
Share-based payment arrangement, threshold trading days \| Day		10
Share-based payment award, vesting period (in years)			3 years
Class A Common Stock \| Share-Based Payment Arrangement, Nonemployee \| Sphere Entertainment
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)	1
Class A Common Stock \| Employee Stock Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares)		11,000	11,000
Share-based payment award, expiration period (in years)			10 years
Class A Common Stock \| Non-Employee Director Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares)		750	750
Share-based payment award, expiration period (in years)			10 years
Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment award, expiration period (in years)			7 years 6 months
Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment award, expiration period (in years)			10 years
RSUs \| Share-Based Payment Arrangement, Nonemployee \| Sphere Entertainment
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)	1
RSUs \| Spinoff \| Sphere Entertainment
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)	1
RSUs \| Spinoff \| Madison Square Garden Entertainment
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)	1
PSUs \| Spinoff \| Sphere Entertainment
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)	1
PSUs \| Spinoff \| Madison Square Garden Entertainment
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)	1
Performance Stock Units and Restricted Stock Units \| Employee
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Period for recognition			1 year 9 months 18 days
Performance Stock Units and Restricted Stock Units \| Employee \| Madison Square Garden Entertainment
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation cost \| $		$ 32,635	$ 32,635

Share-based Compensation - Shar

Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Severance costs	$ 2,293	$ 1,612	$ 0
Performance Stock Units and Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense	$ 29,521	$ 37,746	$ 40,663

Share-based Compensation - Rest

Share-based Compensation - Restricted Stock Units Award Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Weighted-Average Grant-date Fair Value (a)
Weighted Average Grant-date Fair Value, beginning balance (in dollars per share)	$ 66.49
Weighted Average Grant-date Fair Value, Granted (in dollars per share)	35.09
Weighted Average Grant-date Fair Value, Vested (in dollars per share)	62.41
Weighted Average Grant-date Fair Value, Forfeited (in dollars per share)	58.82
Weighted Average Grant-date Fair Value, ending balance (in dollars per share)	$ 65.78	$ 65.78
RSUs
Unvested Share Units Awards [Roll Forward]
Unvested award balance, beginning balance	1,022,000
Granted (in shares)	64,000
Vested (in shares)	(168,000)
Forfeited (in shares)	(15,000)
Unvested award balance, ending balance	903,000	903,000
RSUs \| Sphere Entertainment
Weighted-Average Grant-date Fair Value (a)
Shares withheld for tax withholding obligation (in shares)		82,000
Payment, tax withholding		$ 2,783
PSUs
Unvested Share Units Awards [Roll Forward]
Unvested award balance, beginning balance	1,156,000
Granted (in shares)	21,000
Vested (in shares)	(74,000)
Forfeited (in shares)	(19,000)
Unvested award balance, ending balance	1,084,000	1,084,000
Weighted-Average Grant-date Fair Value (a)
Equity instruments vested in period, fair value		$ 8,259

Share-based Compensation - Sche

Share-based Compensation - Schedule of Time Vesting Options (Details) - Time Vesting Option - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	2 Months Ended
	Jun. 30, 2023	Apr. 20, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance (in shares)	724
Options granted (in shares)	0
Ending balance (in shares)	724
Exercisable (in shares)	724
Weighted-Average Exercise Price Per Share (a)
Weighted average exercise price, outstanding (in dollars per share)	$ 55.87	$ 55.87
Weighted average exercise price, exercisable (in dollars per share)	$ 55.87
Stock Option Additional Disclosures
Weighted average remaining contractual term, outstanding	2 years 5 months 19 days
Weighted average remaining contractual term, exercisable	2 years 5 months 19 days
Aggregate intrinsic value, outstanding	$ 0
Aggregate intrinsic value, exercisable	$ 0

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Mar. 29, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Treasury stock, acquired (in shares)	840
Treasury stock, value, acquired, cost method	$ 25,000
Class A Common Stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock repurchase program, authorized amount		$ 250,000

Equity - Schedule of Accumulate

Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	$ (1,589)	$ 498,652	$ 818,610
Other comprehensive loss:
Balance at the end of the period	(69,472)	(1,589)	498,652
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(34,740)	(33,598)	(31,108)
Other comprehensive loss:
Amounts reclassified from accumulated other comprehensive loss	(971)	(1,385)	(2,951)
Income tax benefit	176	243	461
Other comprehensive loss, net of income taxes	(795)	(1,142)	(2,490)
Adjustment related to the transfer of pension plans and postretirement plan liabilities as a result of the MSGE Distribution	1,514	0	0
Balance at the end of the period	$ (34,021)	$ (34,740)	$ (33,598)

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Expense) Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Current (expense) benefit:
Federal	$ (1,008)	$ 515	$ (2,536)
State and other	0	(220)	(2,247)
Current (expense) benefit	(1,008)	295	(4,783)
Deferred (expense) benefit:
Federal	6,198	(4,711)	(15,658)
State and other	(6,918)	4,486	15,092
Deferred (expense) benefit	(720)	(225)	(566)
Income tax (expense) benefit	$ (1,728)	$ 70	$ (5,349)

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Federal tax (expense) benefit at statutory federal rate	$ (16,332)	$ 28,617	$ 44,931
State income taxes, net of federal benefit	(13,033)	12,141	22,882
Change in valuation allowance	34,147	(31,679)	(70,501)
Change in the estimated applicable tax rate used to determine deferred taxes	0	0	2,545
Capital loss carryover	3,960	0	0
Nondeductible transaction costs	(206)	0	0
GAAP income of consolidated partnership attributable to non-controlling interest	(116)	(601)	(146)
Change in estimated rate to measure deferred taxes	(557)	0	0
Nondeductible officers' compensation	(3,861)	(8,125)	(5,209)
Nondeductible expenses	(266)	(373)	(285)
Excess tax benefit related to share-based payment awards	(5,457)	93	1,088
Other, net	(7)	(3)	(654)
Income tax (expense) benefit	$ (1,728)	$ 70	$ (5,349)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Apr. 20, 2023	Jun. 30, 2022
Deferred tax assets:
Net operating losses (NOLs)	$ 18,684		$ 102,273
Accrued employee benefits	28,271		29,440
Restricted stock units and stock options	8,571		12,452
Deferred revenue	34,914		0
Right-of-use lease assets and lease liabilities, net	7,071		7,482
Deferred interest	3,299		24,950
Property and equipment	38,703		16,327
Other, net	5,853		7,183
Total gross deferred tax assets	145,366		200,107
Less valuation allowance	(95,352)	$ (71,395)	(151,043)
Net deferred tax assets	50,014		49,064
Deferred tax liabilities:
Intangibles and other assets	(40,143)		(40,069)
Deferred revenue	0		(10,107)
Prepaid expenses	(4,854)		(4,874)
Investments	(5,530)		(3,377)
Straight line rent	(23,005)		(13,890)
Total deferred tax liabilities	(73,532)		(72,317)
Net deferred tax liability	$ (23,518)		$ (23,253)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Apr. 20, 2023
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 54,000
Deferred tax assets, net				$ 71,395
Deferred tax assets, valuation allowance	95,352	$ 151,043		$ 71,395
Deferred tax assets, tax deferred expense	48,185
Income tax payments, net of refunds	$ (2,031)	$ (10,281)	$ 15,526

Related Party Transactions - Na

Related Party Transactions - Narrative (Details)			1 Months Ended	12 Months Ended
Related Party Transactions - Narrative (Details)		Jun. 15, 2020 USD ($)	Aug. 31, 2022 USD ($)	Jun. 30, 2023 USD ($) home_game	Jun. 30, 2022 USD ($) home_game	Jun. 30, 2021 USD ($) home_game	Apr. 20, 2023 USD ($)	May 23, 2019 USD ($)
Related Party Transaction [Line Items]
Initial stated term (in years)				10 years
Term of right to use The Garden (in years)				35 years
Long-term debt, current				$ 16,250,000	$ 8,762,000
Revenues	[1]			$ 851,496,000	653,490,000	$ 81,812,000
605 LLC
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent				50%
Dolan Family Group
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent				62.20%
Related Party
Related Party Transaction [Line Items]
Revenues				$ 105,862,000	115,370,000	51,657,000
Sublease income				2,847,000	2,444,000	2,450,000
Eden Loan Agreement \| Related Party
Related Party Transaction [Line Items]
Interest and fee income, loans and leases				3,177,000	2,117,000	1,888,000
TAO Subordinated Credit Agreement \| TAOG Sub-Holdings
Related Party Transaction [Line Items]
Line of credit facility, maximum borrowing capacity								$ 49,000,000
Line of credit facility, increase (decrease), net		$ 22,000,000
Proceeds from issuance of subordinated long-term debt		$ 19,000,000
TAO Subordinated Credit Agreement \| Related Party
Related Party Transaction [Line Items]
Interest and fee income, loans and leases					4,420,000	4,525,000
BCE
Related Party Transaction [Line Items]
Long-term debt, current				$ 0	637,000
Class B Common Stock par value $0.01 per share \| Dolan Family Group
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent				100%
Class A Common Stock par value $0.01 per share \| Dolan Family Group
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent				4.30%
Dolan Family Group
Related Party Transaction [Line Items]
Common stock exercisable term				60 days
MSG Sports \| Construction Of Hospitality Suites
Related Party Transaction [Line Items]
Face amount				$ 304,000
MSG Sports \| Sponsorship Sales And Service Representation Agreements
Related Party Transaction [Line Items]
Revenues				19,063,000	17,570,000	13,584,000
MSG Sports \| Merchandise Sales Revenue Sharing Arrangement
Related Party Transaction [Line Items]
Revenues				5,550,000	4,412,000
MSG Networks \| Advertising Sales Representation
Related Party Transaction [Line Items]
Revenues				8,802,000	20,878,000	13,698,000
605 LLC \| Related Party
Related Party Transaction [Line Items]
Subsidiary, related party contract agreement, term			3 years
605 LLC \| Data Analytics Services
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction			$ 750,000	272,000	0	$ 0
Sphere Entertainment \| Related Party \| DDTL Facility
Related Party Transaction [Line Items]
Face amount							$ 65,000,000
Sphere Entertainment \| Transition Services Agreement
Related Party Transaction [Line Items]
Notes and other receivables				$ 27,494,000
Sphere Entertainment \| Eden Loan Agreement \| LIBOR
Related Party Transaction [Line Items]
Basis spread on variable rate				350%
Sphere Entertainment \| Eden Loan Agreement \| Notes Payable, Other Payables
Related Party Transaction [Line Items]
Notes receivable, maximum lending capacity				$ 60,000,000
Knicks and Rangers
Related Party Transaction [Line Items]
Revenue not from customer					$ 68,072,000
Knicks and Rangers \| The Garden
Related Party Transaction [Line Items]
Number of home games \| home_game				96	98	69
Revenue not from customer				$ 68,068,000		$ 21,345,000

[1]See Note 17. Related Party Transactions for further information on related party arrangements.

Related Party Transactions - Re

Related Party Transactions - Related Party Transactions (Details) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction [Line Items]
Revenues	[1]	$ 851,496	$ 653,490	$ 81,812
Operating expenses (credits):
Operating income (loss)		105,008	(5,648)	(237,288)
Direct operating expenses	[1]	(499,929)	(417,301)	(96,236)
Selling, general and administrative expenses	[1]	(180,216)	(167,132)	(136,597)
Related Party
Related Party Transaction [Line Items]
Revenues		105,862	115,370	51,657
Operating expenses (credits):
Operating income (loss)		(188,966)	(202,996)	(142,562)
Direct operating expenses		(1,019)	(9,347)	(930)
Selling, general and administrative expenses		(187,947)	(193,649)	(141,632)
Related Party \| Revenue sharing expenses
Operating expenses (credits):
Related party costs and expenses		19,056	17,279	558
Related Party \| Reimbursement under Arena License Arrangements
Operating expenses (credits):
Related party costs and expenses		(22,279)	(25,827)	(9,717)
Related Party \| Cost reimbursement from MSG Sports
Operating expenses (credits):
Related party costs and expenses		(38,473)	(38,254)	(36,502)
Related Party \| Cost reimbursement from Sphere Entertainment (after April 20, 2023) and Corporate allocations to Sphere Entertainment (before April 20, 2023)
Operating expenses (credits):
Related party costs and expenses		(151,219)	(161,189)	(100,942)
Related Party \| Other operating expenses, net
Operating expenses (credits):
Related party costs and expenses		$ 3,949	$ 4,995	$ 4,041

[1]See Note 17. Related Party Transactions for further information on related party arrangements.

Additional Financial Informat_3

Additional Financial Information - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Additional Financial Information [Abstract]
Cash and cash equivalents	$ 76,089	$ 58,102
Restricted cash	8,266	4,471
Total cash, cash equivalents and restricted cash	$ 84,355	$ 62,573	$ 318,069	$ 3,038

Additional Financial Informat_4

Additional Financial Information - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 76,089	$ 58,102
Number of Employees, Total \| Unionized Employees Concentration Risk
Cash and Cash Equivalents [Line Items]
Concentration risk, percentage	70%
Workforce Subject to Collective-Bargaining Arrangements \| Unionized Employees Concentration Risk
Cash and Cash Equivalents [Line Items]
Concentration risk, percentage	26%
Workforce Subject to Collective-Bargaining Arrangements Expiring within One Year \| Unionized Employees Concentration Risk
Cash and Cash Equivalents [Line Items]
Concentration risk, percentage	20%
Money Market Accounts And Time Deposits
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 58,132	$ 50,527

Additional Financial Informat_5

Additional Financial Information - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Additional Financial Information [Abstract]
Prepaid expenses	$ 58,588	$ 65,065
Current contract assets	11,254	5,503
Inventory	2,557	2,752
Other	5,163	6,121
Prepaid expenses and other current assets	$ 77,562	$ 79,441

Additional Financial Informat_6

Additional Financial Information - Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Cash and Cash Equivalents [Abstract]
Unbilled lease receivable	$ 67,325	$ 40,780
Equity investments with readily determinable fair value	31,641	36,421
Deferred costs	4,120	3,692
Other	5,270	2,642
Other non-current assets	$ 108,356	$ 83,535

Additional Financial Informat_7

Additional Financial Information - Accounts Payable, Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Additional Financial Information [Abstract]
Accounts payable	$ 15,628	$ 11,241
Accrued payroll and employee related liabilities	64,532	88,501
Cash due to promoters	90,538	78,428
Accrued expenses	44,027	43,791
Total accounts payable, accrued and other current liabilities	$ 214,725	$ 221,961

Additional Financial Informat_8

Additional Financial Information - Other Income (Expense), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Compensating Balances [Line Items]
Unrealized gain (loss)	$ 16,050	$ (49,842)	$ 53,505
Other	(2,244)	809	(556)
Total other income (expense), net	17,389	(49,033)	50,622
Draftkings
Compensating Balances [Line Items]
Gain (loss) from shares sold	2,608	0	(2,327)
Unrealized gain (loss)	8,406	(35,213)	26,942
Townsquare
Compensating Balances [Line Items]
Gain (loss) from shares sold	975	0	0
Unrealized gain (loss)	$ 7,644	$ (14,629)	$ 26,563

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) shares in Thousands, $ in Thousands	Aug. 09, 2023	Jul. 14, 2023	Mar. 29, 2023
Class A Common Stock par value $0.01 per share
Subsequent Event [Line Items]
Stock repurchase program, authorized amount			$ 250,000
Subsequent Event \| Class A Common Stock par value $0.01 per share
Subsequent Event [Line Items]
Stock repurchase program, remaining authorized repurchase amount	$ 160,000
Subsequent Event \| DDTL Facility \| MSG Entertainment \| Class A Common Stock par value $0.01 per share \| Sphere Entertainment
Subsequent Event [Line Items]
Debt conversion, converted instrument, shares issued (in shares)	1,923
Subsequent Event \| DDTL Facility \| Unsecured Debt
Subsequent Event [Line Items]
Face amount		$ 65,000