Madison Square Garden Entertainment (MSGE) 10-K16 Aug 242024 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Jun. 30, 2024	Jul. 31, 2024	Dec. 31, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2024
Current Fiscal Year End Date	--06-30
Document Transition Report	false
Entity File Number	001-41627
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 Penn Plaza,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10121
City Area Code	(212)
Local Phone Number	465-6000
Title of 12(b) Security	Class A Common Stock
Trading Symbol	MSGE
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1,260
Documents Incorporated by Reference	Documents incorporated by reference — Certain information required for Part III of this report is incorporated herein by reference to the proxy statement for the 2024 annual meeting of the Company’s stockholders, expected to be filed within 120 days after the close of our fiscal year.
Entity Central Index Key	0001952073
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Class A Common Stock par value $0.01 per share
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		41,190,264
Class B Common Stock par value $0.01 per share
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,866,754

Audit Information

Audit Information	12 Months Ended
Audit Information	Jun. 30, 2024
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	New York, NY
Auditor Firm ID	34

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2024	Jun. 30, 2023
Current Assets:
Cash, cash equivalents and restricted cash		$ 33,555	$ 84,355
Accounts receivable, net		77,259	63,898
Related party receivables, current		17,469	69,466
Prepaid expenses and other current assets		90,801	77,562
Total current assets		219,084	295,281
Non-Current Assets:
Property and equipment, net		633,533	628,888
Right-of-use lease assets		388,658	235,790
Goodwill		69,041	69,041
Total indefinite-lived intangible assets		63,801	63,801
Deferred tax assets, net		68,307	0
Other non-current assets		110,283	108,356
Total assets		1,552,707	1,401,157
Current Liabilities:
Accounts payable, accrued and other current liabilities		203,750	214,725
Related party payables, current		42,506	47,281
Long-term debt, current		16,250	16,250
Operating lease liabilities, current		27,736	36,529
Deferred revenue		215,581	225,855
Total current liabilities		505,823	540,640
Non-Current Liabilities:
Long-term debt, net of deferred financing costs		599,248	630,184
Operating lease liabilities, non-current		427,014	219,955
Deferred tax liabilities, net		0	23,518
Other non-current liabilities		43,787	56,332
Total liabilities		1,575,872	1,470,629
Commitments and contingencies (see Note 11)
Deficit:
Additional paid-in capital		33,481	17,727
Treasury stock at cost (4,365 and 840 shares as of June 30, 2024 and June 30, 2023, respectively)		(140,512)	(25,000)
Retained earnings (deficit)		115,603	(28,697)
Accumulated other comprehensive loss		(32,262)	(34,021)
Total deficit		(23,165)	(69,472)
Total liabilities and deficit		1,552,707	1,401,157
Class A Common Stock
Deficit:
Class A and B Common Stock	[1]	456	450
Treasury stock at cost (4,365 and 840 shares as of June 30, 2024 and June 30, 2023, respectively)		(115,512)
Class B Common Stock
Deficit:
Class A and B Common Stock	[2]	$ 69	$ 69

[1]Class A Common Stock, $0.01 par value per share, 120,000 shares authorized; 45,556 and 45,024 shares issued as of June 30, 2024 and June 30, 2023, respectively. and June 30, 2023.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Jun. 30, 2023
Treasury shares (in shares)	4,365,000	840,000
Class A Common Stock
Treasury shares (in shares)	3,525
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares, issued (in shares)	45,556,000	45,024,000
Class B Common Stock
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares, issued (in shares)	6,867,000	6,867,000

Consolidated and Combined State

Consolidated and Combined Statements Of Operations - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Revenues from contract with customers		$ 885,989	$ 779,818	$ 582,080
Arena license fees and other leasing revenue		73,276	71,678	71,410
Total revenues	[1]	959,265	851,496	653,490
Direct operating expenses	[1]	(568,836)	(499,929)	(417,301)
Selling, general and administrative expenses	[1]	(206,963)	(180,216)	(167,132)
Depreciation and amortization		(53,876)	(60,463)	(69,534)
Gains, net on dispositions		0	4,361	0
Restructuring charges		(17,649)	(10,241)	(5,171)
Operating income (loss)		111,941	105,008	(5,648)
Interest income	[1]	2,976	7,244	7,150
Interest expense		(57,954)	(51,869)	(53,110)
Loss on extinguishment of debt		0	0	(35,629)
Other (expense) income, net		(4,672)	17,389	(49,033)
Income (loss) from operations before income taxes		52,291	77,772	(136,270)
Income tax benefit (expense)		92,009	(1,728)	70
Net income (loss)		144,300	76,044	(136,200)
Less: Net loss attributable to nonredeemable noncontrolling interest		0	(553)	(2,864)
Net income (loss) attributable to MSG Entertainment’s stockholders		$ 144,300	$ 76,597	$ (133,336)
Earnings (loss) per share attributable to MSG Entertainment’s stockholders:
Basic (in dollars per share)		$ 2.99	$ 1.48	$ (2.58)
Diluted (in dollars per share)		$ 2.97	$ 1.47	$ (2.58)
Weighted-average number of shares of common stock:
Basic (in shares)		48,275	51,819	51,768
Diluted (in shares)		48,589	52,278	51,768
Revenues from entertainment offerings
Revenues from contract with customers	[1]	$ 723,897	$ 643,885	$ 483,340
Food, beverage, and merchandise revenues
Revenues from contract with customers	[1]	162,092	135,933	98,740
Direct operating expenses	[1]	(93,334)	(79,628)	(57,754)
Arena license fees and other leasing revenue
Arena license fees and other leasing revenue	[1]	73,276	71,678	71,410
Entertainment offerings, arena license fees, and other leasing direct operating expenses
Direct operating expenses	[1]	$ (475,502)	$ (420,301)	$ (359,547)

[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, 2024	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 144,300	$ 76,044	$ (136,200)
Pension plans and postretirement plans:
Net unamortized gain (loss) arising during the period	315	(1,496)	(2,805)
Amortization of net actuarial loss included in net periodic benefit cost	1,809	520	1,420
Settlement loss	7	5	0
Other comprehensive income (loss), before income taxes	2,131	(971)	(1,385)
Income tax (expense) benefit related to items of other comprehensive income	(372)	176	243
Other comprehensive income (loss), net of income taxes	1,759	(795)	(1,142)
Comprehensive income (loss)	146,059	75,249	(137,342)
Less: Comprehensive loss attributable to nonredeemable noncontrolling interests	0	(553)	(2,864)
Comprehensive income (loss) attributable to MSG Entertainment’s stockholders	$ 146,059	$ 75,802	$ (134,478)

Consolidated and Combined Sta_3

Consolidated and Combined Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES:
Net income (loss)	$ 144,300	$ 76,044	$ (136,200)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	53,876	60,463	69,534
Share-based compensation expense	31,168	31,813	39,357
Amortization of deferred financing costs	3,351	3,221	6,781
Deferred income tax (benefit) expense	(92,197)	720	225
Related party paid in kind interest	(512)	(3,189)	(3,582)
Net unrealized and realized loss (gain) on equity investments with readily determinable fair value	1,242	(16,050)	49,842
Loss on extinguishment of debt	0	0	35,629
Other non-cash adjustments	1,556	(4,280)	166
Change in assets and liabilities:
Accounts receivable, net	(13,940)	38,844	(34,861)
Related party receivables and payables, net	47,222	(43,037)	19,535
Prepaid expenses and other current and non-current assets	(44,195)	(31,363)	(42,408)
Accounts payable, accrued and other current and non-current liabilities	(55,730)	(696)	87,556
Deferred revenue	(10,274)	24,254	4,173
Operating lease right-of-use assets and lease liabilities	45,399	(1,050)	(396)
Net cash provided by operating activities	111,266	135,694	95,351
INVESTING ACTIVITIES
Capital expenditures	(24,181)	(15,188)	(15,797)
Proceeds from sale (purchase) of investments	28,465	24,289
Proceeds from sale (purchase) of investments			(350)
Proceeds from dispositions, net	0	27,904	0
Proceeds from loan receivable	0	0	68,367
Loan to related parties	(65,000)	(6,700)	(6,780)
Payments for (Proceeds from) Other Investing Activities	(1,655)	0	0
Net cash (used in) provided by investing activities	(62,371)	30,305	45,440
FINANCING ACTIVITIES
Proceeds from issuance of loans	0	304	650,000
Principal repayments on long-term debt	(106,350)	(20,126)	(646,750)
Repayments on related party loan	(304)	0	0
Proceeds from revolving credit facilities	73,000	0	29,100
Stock repurchases	(50,874)	(25,000)	0
Debt extinguishment costs	0	0	(12,838)
Taxes paid in lieu of shares issued for equity-based compensation	(14,534)	0	0
Payments for debt financing costs	(633)	0	(16,060)
Net transfers to Sphere Entertainment and its subsidiaries	0	(99,395)	(399,739)
Net cash used in financing activities	(99,695)	(144,217)	(396,287)
Net (decrease) increase in cash, cash equivalents and restricted cash	(50,800)	21,782	(255,496)
Cash, cash equivalents and restricted cash, beginning of period	84,355	62,573	318,069
Cash, cash equivalents and restricted cash, end of period	33,555	84,355	62,573
Non-cash investing and financing activities:
Capital expenditures incurred but not yet paid or paid by landlord	34,765	761	1,585
Related party loan payable assigned to the Company	0	53,656	0
Non-cash stock repurchases in lieu of payment of loan due from related party	$ 65,512	$ 5,350	$ 4,019

Consolidated and Combined Sta_4

Consolidated and Combined Statements of Equity (Deficit) - USD ($) $ in Thousands	Total	Total Madison Square Garden Entertainment Corp. Stockholders’ Equity (Deficit)	Common Stock	Sphere Entertainment Co. Investment	Additional paid-in capital	Treasury Stock	Retained earnings (deficit)	Accumulated Other Comprehensive Loss	Non-redeemable Noncontrolling Interests
Balance at the beginning 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 income (loss)	(136,200)	(133,336)		(133,336)					(2,864)
Other comprehensive income (loss)	(1,142)	(1,142)						(1,142)
Comprehensive income	(134,478)
Comprehensive income (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 income (loss)	76,044	76,597		105,294			(28,697)		(553)
Other comprehensive income (loss)	(795)	(795)						(795)
Comprehensive income	75,802
Comprehensive income (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	(18,736)	(18,736)	519	(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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	144,300	144,300					144,300
Other comprehensive income (loss)	1,759	1,759						1,759
Comprehensive income	146,059	146,059
Share-based compensation	31,168	31,168			31,168
Tax withholding associated with shares issued for share-based compensation	(14,534)	(14,534)	6		(14,540)
Stock repurchases, inclusive of tax	(116,386)	(116,386)			(874)	(115,512)
Balance at the end of the period at Jun. 30, 2024	$ (23,165)	$ (23,165)	$ 525	$ 0	$ 33,481	$ (140,512)	$ 115,603	$ (32,262)	$ 0

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	Jun. 30, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	(Additions) / Deductions Balance at Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at Year Ended June 30, 2024 Allowance for doubtful accounts / credit losses $ (472) $ (579) $ — $ 469 $ (582) Deferred tax valuation allowance (95,352) 108,506 (13,154) (a) — — $ (95,824) $ 107,927 $ (13,154) $ 469 $ (582) 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 (b) — (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) _________________ (a) During Fiscal Year 2024, $13,513 was recorded to other deferred taxes with an equal and offsetting entry to the valuation allowance. (b) 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 this deferred revenue 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 standalone 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, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business Madison Square Garden Entertainment Corp., (together with its subsidiaries, as applicable, the “Company” or “MSG Entertainment”) 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 (the “ Christmas Spectacular ”). The Company also has an entertainment and sports bookings business, which showcases a broad array of compelling concerts, family shows and special events, as well as a diverse mix of sporting events, for millions of guests annually. 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. (“Sphere Entertainment”), distributed approximately 67% of the outstanding common stock of Madison Square Garden Entertainment Corp. (“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. 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 Date. Following the completion of the secondary offering by Sphere Entertainment of the Company’s Class A Common Stock on September 22, 2023, Sphere Entertainment no longer owns any of the Company’s outstanding common stock. Unless the context otherwise requires, all references to Sphere Entertainment refer to Sphere Entertainment together with its direct and indirect subsidiaries. Basis of Presentation The Company reports on a fiscal year basis ending on June 30th. In these consolidated and combined financial statements, the fiscal years ended June 30, 2024, 2023 and 2022 are referred to as “Fiscal Year 2024”, “Fiscal Year 2023”, and “Fiscal Year 2022”, respectively, and the fiscal year ending June 30, 2025 is referred to as “Fiscal Year 2025”. The Company’s financial statements as of and for the period ended June 30, 2024 are presented on a consolidated basis. 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 for the year ended June 30, 2022, 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 standalone 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 Securities and Exchange Commission (“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 . References to U.S. GAAP issued by the Financial Accounting Standards Board (“FASB”) in these footnotes are to the FASB Accounting Standards Codification, also referred to as “ASC.” Prior to April 21, 2023, separate financial statements had not been prepared for the Company and it had not operated as a standalone 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 were 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 for the year ended June 30, 2023 and the combined statement of operations for the year ended June 30, 2022 include allocations for certain support functions that were provided on a centralized basis and not historically recorded at the business unit level by Sphere Entertainment, such as expenses related to executive management, finance, legal, human resources, government affairs, information technology, and venue operations, among others. As part of the MSGE Distribution, certain corporate and operational support functions were transferred to the Company and therefore, charges were reflected in order to burden all business units comprising Sphere Entertainment’s historical operations. These expenses have been allocated to Sphere Entertainment on the basis of 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 are recorded as a reduction of either direct operating expenses or selling, general and administrative expense. 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 standalone company during the periods presented. Actual costs that would have been incurred if the Company had been a standalone 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 would have recorded during the historical periods on a standalone basis. See Note 17. Related Party Transactions for more information regarding allocations of certain costs from the Company to Sphere Entertainment. 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. Reclassifications For purposes of comparability, certain prior period amounts have been reclassified to conform to the current year presentation in accordance with GAAP. The accompanying consolidated and combined financial statements for the Fiscal Years ended 2024, 2023 and 2022 have been revised to change the presentation of our revenue and direct operating expenses from an aggregated to a disaggregated basis.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	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 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 was 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 underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the provision for credit losses, goodwill, intangible assets, other long-lived assets, deferred tax assets, pension and other postretirement benefit obligations and the related net periodic benefit cost, and other liabilities. In addition, estimates are used in revenue recognition, depreciation and amortization, litigation matters and other matters. Management believes its use of estimates in the financial statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s consolidated and combined financial statements in future periods. C. Revenue Recognition and Direct Operating Expenses The Company generates revenue from the provision of services and sale of tangible products, as well as leasing transactions. Revenues are presented under these three categories in the consolidated and combined statements of operations, as described below. Service revenue, presented as “Revenues from entertainment offerings,” primarily includes: • Ticket sales and other ticket-related revenue • Venue license fees for events held at the Company’s venues that the Company does not produce or promote/co-promote • Sponsorship and signage • Suite licenses and single night suite rentals • Advertising commissions and related service fees • Commissions related to the sale of merchandise for which the Company is not the principal in the underlying transaction Direct operating expenses related to the provision of services and leasing, presented as “Entertainment offerings, arena license fees, and other leasing direct operating expenses”, primarily include: (a) • Event production costs including direct personnel expenses • Venue operations and infrastructure costs (a) • Venue rental costs for venues not owned by the Company • Sponsorship and signage fulfillment costs • Contractual revenue sharing expenses related to suite licenses and certain internal signage • Event-related marketing and advertising costs Product revenue, presented as “Food, beverage, and merchandise revenues”, includes: • Sales of food and beverage during events held at the Company’s venues • Sales of the Company’s merchandise at the Company’s venues and via traditional retail channels Direct operating expenses related to the sale of products, presented as “Food, beverage, and merchandise direct operating expenses” include: • Costs of goods sold including direct personnel expenses • Contractual revenue sharing expenses related to food and beverage sold at events held by Madison Square Garden Sports Corp. (together with its subsidiaries, as applicable, “MSG Sports”) at The Garden Lease revenue, presented as “Arena license fees and other leasing revenue”, includes: • Rental fees related to the arena license agreements that require the Knicks and the Rangers to play their home games at The Garden (the “Arena License Agreements”) with MSG Sports • Sublease income _________________ (a) Leasing direct operating expenses materially consist of venue operations and infrastructure costs. Venue operations and infrastructure costs are not specifically allocated to each revenue category, but are instead attributed in their entirety to service revenue, which is the Company’s principal revenue category. As a result, the Company combines service and leasing direct operating expenses within “Entertainment offerings, arena license fees, and other leasing direct operating expenses” for presentation purposes. 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 Sphere Entertainment and 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 benefits such as suite licenses and event tickets. To the extent the Company’s multi-year arrangements provide for performance obligations that are consistent over the multi-year contractual term, such performance obligations generally meet the definition of a series as provided for under the accounting guidance. If performance obligations are concluded to meet the definition of a series, the contractual fees for all years during the contract term are aggregated and the related revenue is recognized proportionately as the underlying performance obligations are satisfied. The timing of revenue recognition for each performance obligation is dependent upon the facts and circumstances surrounding the Company’s satisfaction of its respective performance obligation. The Company allocates the transaction price for such arrangements to each performance obligation within the arrangement based on the estimated relative standalone selling price of the performance obligation. The Company’s process for determining its estimated standalone selling prices involves management’s judgment and considers multiple factors including company specific and market specific factors that may vary depending upon the unique facts and circumstances related to each performance obligation. Key factors considered by the Company in developing an estimated standalone selling price for its performance obligations include, but are not limited to, prices charged for similar performance obligations, the Company’s ongoing pricing strategy and policies, and consideration of pricing of similar performance obligations sold in other arrangements with multiple performance obligations. The Company may incur costs such as commissions to obtain its multi-year sponsorship agreements. The Company assesses such costs for capitalization on a contract by contract basis. To the extent costs are capitalized, the Company estimates the useful life of the related contract asset, which may be the underlying contract term or the estimated customer life depending on the facts and circumstances surrounding the contract. The contract asset is amortized over the estimated useful life. 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 do not represent contract liabilities and are recorded within accrued and other current liabilities on the accompanying consolidated and combined balance sheets. Amounts recognized as revenue for which the Company has a right to consideration for goods or services transferred to customers and for which the Company does not have an unconditional right to bill as of the reporting date are recorded as contract assets. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. 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 and are recorded as a component of Entertainment offerings, arena license fees, and other leasing direct operating expenses on the Company’s consolidated and combined statement of operations. 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 licenses, certain internal signage and in-venue food and beverage sales and are recorded as a component of Entertainment offerings, arena license fees, and other leasing direct operating expenses on the Company’s consolidated and combined statement of operations. D. Advertising Expenses Advertising costs are typically charged to expense when incurred. Total advertising costs expensed were $11,027, $8,832, and $7,995 for Fiscal Years 2024, 2023 and 2022, respectively. E. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes (“ASC Topic 740”). The Company’s provision for income taxes is based on current period income, changes in deferred tax assets and liabilities, and changes in estimates with regard to uncertain tax positions. Deferred tax assets are subject to an ongoing assessment of realizability. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company’s ability to realize its deferred tax assets depends upon the generation of sufficient future taxable income to allow for the realization of its deductible temporary differences. Interest and penalties, if any, associated with uncertain tax positions are included in income tax expense. 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 filed its initial U.S. income tax return for the period from April 21, 2023 through June 30, 2023. F. 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 directors which, unless otherwise provided under the applicable award agreement, are fully vested, and are expensed at the grant date. The Company accounts for forfeitures as they occur, rather than estimating expected forfeitures. G. Earnings (Loss) Per Share For the periods after the MSGE Distribution Date, basic earnings per share (“EPS”) attributable to the Company’s common stockholders is based upon net income (loss) attributable to the Company’s common stockholders divided by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS reflects the effect of the assumed vesting of restricted stock units and exercise of stock options only in the periods in which such effect would have been dilutive. For the periods when a net loss is reported, the computation of diluted EPS equals the basic EPS calculation since common stock equivalents would be antidilutive due to losses from continuing operations. Holders of Class A common stock and Class B common stock are entitled to receive dividends equally on a per-share basis if and when such dividends are declared. As the holders of Class A and Class B common stock are entitled to identical dividend and liquidation rights, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net earnings (loss) per share attributable to common stockholders are, therefore, the same for both Class A and Class B common stock on both an individual and combined basis. 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. This share amount was utilized for the calculation of basic earnings (loss) per share for Fiscal Year 2022 because the Company was not a standalone public company prior to the MSGE Distribution. In addition, for Fiscal Year 2022 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 (“ASC Topic 260”) . H. 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. I. Restricted Cash The Company’s restricted cash includes cash deposited in escrow accounts related to general liability insurance obligations.The carrying amount of restricted cash approximates fair value due to the short-term maturity of these instruments. J. 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. K. 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 $582 and $472 for Fiscal Years 2024 and 2023, respectively. L. Investments 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. The Company’s investments accounted for using the equity method of accounting are carried at cost, plus or minus the Company’s share of net earnings or losses of the investment, subject to certain other adjustments. The cost of equity method investments includes transaction costs of the acquisition. As required by GAAP, to the extent that there is a basis difference between the cost and the underlying equity in the net assets of an equity investment, the Company allocates such differences between tangible and intangible assets. The Company’s share of net earnings or losses of the investment, inclusive of amortization expense for intangible assets associated with the investment, is reflected in Other income (expense), net within the Company’s consolidated and combined statements of operations. Dividends received from the investee reduce the carrying amount of the investment. Due to the timing of receiving financial information from certain of its nonconsolidated affiliates, the Company records its share of net earnings or losses of such affiliates on a three-month lag basis, with the exception of the amortization expense of intangible assets which are recorded currently. The Company reviews its equity method investments periodically to determine whether a decline in fair value below the cost basis is other-than-temporary. The primary factors the Company considers in its determination are the length of time that the fair value of the investment is below the Company’s carrying value; future prospects of the investee; and the Company’s intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. In addition, the Company considers other factors such as general market conditions, industry conditions, and analysts’ ratings. If the decline in fair value is deemed to be other-than-temporary, the cost basis of the investment is written down to fair value and the loss is realized as a component of net income. In addition to equity method investments, the Company also has other equity investments without readily determinable fair values. The Company measures equity investments without readily determinable fair values at cost, less any impairment, adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. Changes in observable price are reflected within Other income (expense), net in the accompanying consolidated and combined statements of operations. M. 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 22 years Furniture and fixtures 1 year to 10 years Leasehold improvements Shorter of term of lease or useful life of improvement N. 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 of consideration and the Company charges these costs to selling, general and administrative expense as they are 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. O. Impairment of Long-Lived and Indefinite-Lived Assets In assessing the recoverability of the Company’s long-lived and indefinite-lived assets, the Company must make estimates and assumptions regarding future cash flows and other factors to determine the fair value of the respective assets. These estimates and assumptions could have a significant impact on whether an impairment charge is recognized and the magnitude of any such charge. Fair value estimates are made based on relevant information at a specific point in time, and are subjective in nature and involve significant uncertainties and judgments. If these estimates or assumptions change materially, the Company may be required to record impairment charges related to its long-lived and/or indefinite-lived assets. Goodwill is tested annually for impairment as of August 31 st 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 31 st 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 (“ROU”) lease assets and intangible assets that are amortized, the Company evaluates assets for recoverability when there is an indication of potential impairment. If the undiscounted cash flows from a group of assets being evaluated is less than the carrying value of that group of assets, the fair value of the asset group is determined and the carrying value of the asset group is written down to fair value. The Company generally determines the fair value of a finite-lived intangible asset using an income approach, such as the discounted cash flow method. See Note 10. Goodwill and Intangible Assets for further discussion of impairment of goodwill and indefinite-lived intangibles. P. Leases The Company’s leases primarily consist of certai n venues, c orporate 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 term of the lease, inclusive of any rent-free periods and/or periods covered by early-termination options which the Company is reasonably certain not to exercise, as well as periods covered by renewal options which the Company is reasonably certain to exercise. The Company’s lease agreements do not contain material residual value guarantees or material restrictive covenants. 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 and combined balance sheets at lease commencement reflecting the present value of the fixed minimum payment obligations over the lease term. A corresponding ROU asset equal to the initial lease liability is also recorded, adjusted for any prepaid rent and/or initial direct costs incurred in connection with execution of the lease and reduced by any lease incentives received. In addition, the ROU asset is adjusted to reflect any above or below market lease terms under acquired lease contracts. The Company includes fixed payment obligations related to non-lease components in the measurement of ROU assets and lease liabilities, as the Company has elected to account for lease and non-lease components together as a single lease component. ROU a

Dispositions

Dispositions	12 Months Ended
Dispositions	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Dispositions	Dispositions The Company did not have any dispositions during Fiscal Year 2024. Disposition of Our Interest in Boston Calling Events The Company entered into an agreement on December 1, 2022 to sell its controlling interest in BCE (the “BCE Disposition”). The transaction closed on December 2, 2022, resulting in a total gain on sale of $8,744, net of transaction costs. BCE meets the definition of a business under SEC Regulation S-X Rule 11-01(d)-1 and ASC Topic 805 — Business Combinations . This disposition did not represent a strategic shift with a major effect on the Company’s operations, and as such, has not been reflected as a discontinued operation under ASC Subtopic 205-20 — Discontinued Operations . The gain on the BCE Disposition was recorded in Gains, net on dispositions in the consolidated and combined statements of operations. Disposition of Corporate Aircraft On December 30, 2022, the Company sold its owned aircraft for $20,375. In connection with the sale, the Company recognized a loss of $4,383, 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, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition 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 (“ASC Topic 606”), except for revenues from the Arena License Agreements and leases and subleases that are accounted for in accordance with ASC Topic 842, Leases (“ASC Topic 842”). The Company’s revenues by category are outlined in Note 2. Summary of Significant Accounting Policies. In Fiscal Years 2024 and 2023, the Company did not have any material provisions for credit losses on receivables or contract assets arising from contracts with customers. Revenues from entertainment offerings The Company’s performance obligations with respect to revenues from entertainment offerings are generally satisfied at the point in time or as the related event occurs or as the underlying benefits are delivered over the term of the respective agreements. Revenues from entertainment offerings include revenue from the license of The Garden’s suites for the Company’s or MSG Sports’ events. Suite license arrangements are generally multi-year fixed-fee arrangements that include annual fee increases. Payment terms for suite license arrangements can vary by contract, but payments are generally due in installments prior to each license year. The Company’s performance obligation under such arrangements is to provide the licensee with access to the suite when events occur at The Garden. The Company accounts for the performance obligation under these types of arrangements as a series and, as a result, the related suite license fees for all years during the license term are aggregated and revenue is recognized proportionately over the license period as the Company satisfies the related performance obligation. Progress toward satisfaction of the Company’s annual suite license performance obligation is measured as access to the suite that is provided to the licensee for each event throughout the contractual term of the license. Food, beverage, and merchandise revenues The Company’s performance obligations with respect to revenue from food, beverage, and merchandise are satisfied at the point in time the related goods are transferred to the customer. Arena License fees and other leasing revenue 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 components. The revenue to be recognized with respect to the lease components of the Arena License Agreements is accounted for as operating lease revenue in accordance with ASC Topic 842. The non-lease components are accounted for in accordance with ASC Topic 606, as further discussed below. During Fiscal Years 2024, 2023 and 2022, the Company recognized $68,068, $68,068 and $68,072, respectively, of revenues under the Arena License 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 2024, 2023 and 2022, the Company recorded revenue-sharing expense of $137,053, $119,017 and $92,086, 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 in the Revenues from entertainment offerings line on the consolidated and combined statement of operations. The Company was also party to an advertising sales representation agreement (the “Networks Advertising Sales Representation Agreement”) with MSGN Holdings, L.P. (“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 of transfer of goods or services to the customer for Fiscal Years 2024, 2023 and 2022: Year Ended June 30, 2024 2023 2022 Event-related offerings (a) $ 625,364 $ 532,308 $ 372,552 Sponsorship, signage and suite licenses (b) 228,851 209,831 166,221 Other (c) 31,774 37,679 43,307 Total revenues from contracts with customers 885,989 779,818 582,080 Arena license fees and other leasing revenue 73,276 71,678 71,410 Total revenues $ 959,265 $ 851,496 $ 653,490 _______________ (a) Event-related entertainment offerings revenues are recognized at a point in time. (b) See Note 2. Summary of Significant Accounting Policies, Revenue Recognition 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 prior 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 to 40 and the disaggregation of revenue required disclosures in accordance with ASC Subtopic 606-10-50-5 for Fiscal Years 2024, 2023 and 2022. Year Ended June 30, 2024 2023 2022 Ticketing and venue license fee revenues (a) $ 463,272 $ 396,375 $ 273,812 Sponsorship and signage, suite, and advertising commission revenues ( b) 254,079 243,079 208,543 Food, beverage, and merchandise revenues 162,092 135,933 98,740 Other 6,546 4,431 985 Total revenues from contracts with customers 885,989 779,818 582,080 Arena license fees and other leasing revenue 73,276 71,678 71,410 Total revenues $ 959,265 $ 851,496 $ 653,490 _________________ (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, 2024, 2023 and 2022. As of June 30, 2024 2023 2022 Receivables from contracts with customers, net (a) $ 74,113 $ 69,295 $ 106,664 Contract assets, current (b) 7,844 11,254 5,503 Deferred revenue, including non-current portion (c) 215,581 226,029 203,256 ________________ (a) As of June 30, 2024, 2023, and 2022, the Company’s receivables from contracts with customers above included $2,432, $5,397 and $4,163, 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 2024 relating to the deferred revenue balance as of June 30, 2023 was $191,397. Transaction Price Allocated to the Remaining Performance Obligations The Company’s remaining performance obligations under contracts primarily relate to performance obligations under sponsorship and suite license agreements that have original expected durations longer than one year and for which the considerations are not variable. In developing the estimated revenue, the Company applies the allowable practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less. 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, 2024: As of June 30, 2024 Fiscal year ending June 30, 2025 $ 172,149 Fiscal year ending June 30, 2026 118,530 Fiscal year ending June 30, 2027 75,347 Fiscal year ending June 30, 2028 46,608 Fiscal year ending June 30, 2029 30,769 Thereafter 24,972 Total $ 468,375

Restructuring Charges

Restructuring Charges	12 Months Ended
Restructuring Charges	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During Fiscal Year 2024, the Company recorded restructuring charges related to termination benefits for certain corporate executives and employees. As a result, the Company recognized restructuring charges of $17,649, inclusive of $6,788 of share-based compensation expenses, shown in accounts payable, accrued and other current liabilities and additional paid-in-capital on the consolidated balance sheet. For Fiscal Year 2023, the Company recognized restructuring charges related to termination benefits for certain corporate executives and employees of $10,241, net of contributory credits from the Company to Sphere Entertainment. Restructuring charges are inclusive of $2,293 of share-based compensation expenses, shown in accounts payable, accrued and other current liabilities and additional paid-in-capital on the consolidated balance sheet. 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, recorded in accounts payable, accrued and other current liabilities and additional paid-in-capital on the consolidated balance sheet. Restructuring Liability June 30, 2023 $ 2,530 Restructuring charges (excluding share-based compensation expense) 10,861 Payments (6,251) June 30, 2024 $ 7,140

Computation of Earnings per-Sha

Computation of Earnings per-Share	12 Months Ended
Computation of Earnings per-Share	Jun. 30, 2024
Earnings Per Share [Abstract]
Computation of Earnings per-Share	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 A common stock related to the MSGE Retained Interest. This share amount is being utilized for the calculation of basic earnings (loss) per share for Fiscal Year 2022 because the Company was not a standalone public company prior to the MSGE Distribution. In addition, for Fiscal Year 2022 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 and since common stock equivalents were antidilutive due to losses from operations . 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, 2024 2023 2022 Weighted-average shares (denominator): Weighted-average shares for basic EPS 48,275 51,819 51,768 Dilutive effect of shares issuable under share-based compensation plans (a) 314 459 — Weighted-average shares for diluted EPS 48,589 52,278 51,768 Weighted-average anti-dilutive shares (a) 551 740 — _________________

Investments

Investments	12 Months Ended
Investments	Jun. 30, 2024
Investments in and Advances to Affiliates [Abstract]
Investments	Investments As of June 30, 2024 , the Company held an investment in Townsquare Media, Inc. (“Townsquare”), and as of June 30, 2023, also held an investment in DraftKings Inc. (“DraftKings”), which was subsequently sold during the first quarter of Fiscal Year 2024: • 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.” As of June 30, 2024, the Company also held other equity investments held in trust under the Company’s Executive Deferred Compensation Plan. Refer to Note 11. Pension Plans and Other Postretirement Benefit Plans for further details regarding the plan. On March 1, 2024, the Company converted all shares of Class C common stock of Townsquare into an equal number of shares of Class A common stock of Townsquare, subject to restrictions set forth in Townsquare’s certificate of incorporation. The 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. The carrying fair value of these investments, which is reported under Other non-current assets in the accompanying consolidated and combined balance sheets as of June 30, 2024 and 2023, is as follows: As of June 30, Ownership Percentage as of June 30, 2024 2024 2023 Equity investments with readily determinable fair values: Townsquare Class A common stock $ 1,438 $ 6,945 Townsquare Class C common stock — 13,399 DraftKings Class A common stock — 11,297 Other equity investments with readily determinable fair values held in trust under the Company’s Executive Deferred Compensation Plan 4,226 2,954 Equity method investments: Crown Properties Collection (a) 8 % 60 — Equity investments without readily determinable fair values 596 475 Total investments $ 6,320 $ 35,070 _______________ (a) In March 2024, the Company paid $51 for an 8.3% investment in Oak View Group’s Crown Properties Collection, LLC ("CPC"). The investment in CPC is accounted for as an equity method investment, with MSGE's share of CPC results recorded on a three‐month lag. The impact of recording results on a three-month lag is not material. 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, 2024 2023 2022 Unrealized (loss) gain — Townsquare $ (1,591) $ 7,644 $ (14,629) Unrealized gain (loss) — DraftKings — 8,406 (35,213) Unrealized gain — Executive Deferred Compensation Plan 495 225 $ — Total Unrealized (loss) gain $ (1,096) $ 16,275 $ (49,842) Gain (loss) from shares sold — DraftKings 1,548 2,608 — (Loss) gain from shares sold — Townsquare (1,694) 975 — Total realized and unrealized (loss) gain $ (1,242) $ 19,858 $ (49,842) Supplemental information on realized gain (loss): Shares of common stock sold — DraftKings 425 444 — Cash proceeds from common stock sold — DraftKings $ 12,844 $ 9,864 $ — Shares of common stock sold — Townsquare 1,577 1,500 — Cash proceeds from common stock sold — Townsquare $ 15,621 $ 14,550 $ —

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
Property and Equipment, Net	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net As of June 30, 2024 and 2023, property and equipment, net consisted of the following assets: As of June 30, 2024 2023 Land $ 62,768 $ 62,768 Buildings 1,011,308 999,205 Equipment, furniture and fixtures 348,075 351,596 Leasehold improvements 133,267 105,877 Construction in progress 10,193 2,828 Total Property and equipment 1,565,611 1,522,274 Less accumulated depreciation and amortization (932,078) (893,386) Property and equipment, net $ 633,533 $ 628,888 Depreciation and amortization expense on property and equipment was $53,876, $59,709 and $63,696 for Fiscal Years 2024, 2023 and 2022, respectively.

Leases

Leases	12 Months Ended
Leases	Jun. 30, 2024
Leases [Abstract]
Leases	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, 2024 and 2023: As of June 30, 2024 2023 ROU assets $ 388,658 $ 235,790 Lease liabilities: Operating leases, current 27,736 36,529 Operating leases, non-current 427,014 219,955 Total lease liabilities $ 454,750 $ 256,484 The following table summarizes the activity related to lease costs recorded within the Company’s consolidated and combined statements of operations for Fiscal Years 2024, 2023 and 2022: Classification within the Company’s Consolidated and Combined Statements of Operations Years Ended June 30, 2024 2023 2022 Operating lease cost Direct operating expenses $ 21,071 $ 20,729 $ 22,360 Operating lease cost Selling, general and administrative expenses 26,023 11,176 9,782 Variable lease cost Direct operating expenses 716 346 147 Variable lease cost Selling, general and administrative expenses — 39 41 Total lease cost $ 47,810 $ 32,290 $ 32,330 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 the Company would relocate from the space that it previously occupied to newly renovated office space within the same building. Throughout Fiscal Year 2024, the Company took possession of certain of the newly renovated space. The Company was not involved in the design or construction of the new space for purposes of the Company’s build out prior to obtaining possession. Upon obtaining possession of the space, the Company recognized an additional lease obligation of $206,410 and a ROU lease asset of $198,294, net of tenant improvement incentives received on the possession date. While lease payments under the new lease agreement will be recognized as a lease expense on a straight-line basis over the lease term, the Company will begin paying full rent starting in the second half of Fiscal Year 2026 due to certain tenant incentives included in the arrangement. Base rent payments will increase every five years beginning in Fiscal Year 2031 in accordance with the terms of the lease. Supplemental cash flow information related to operating leases is as follows: Years Ended June 30, 2024 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities $ 37,908 $ 35,400 $ 33,312 Lease assets obtained in exchange for new lease obligations $ 198,294 $ 478 $ 298,100 For Fiscal Year 2024, the Company received $33,905 of tenant incentives from a landlord for capital expenditures on behalf of the Company. There were no tenant incentives received in Fiscal Years 2023 and 2022. Maturities of operating lease liabilities as of June 30, 2024 were as follows: As of June 30, 2024 Fiscal year ending June 30, 2025 $ 7,353 Fiscal year ending June 30, 2026 34,536 Fiscal year ending June 30, 2027 49,749 Fiscal year ending June 30, 2028 50,122 Fiscal year ending June 30, 2029 39,731 Thereafter 708,235 Total lease payments 889,726 Less: imputed interest 434,976 Total lease liabilities $ 454,750 The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows: As of June 30, 2024 2023 Weighted average remaining lease term (in years) 17.36 12.85 Weighted average discount rate 7.09 % 4.77 % As of June 30, 2024, the Company’s existing operating leases, which are recorded on the accompanying consolidated and combined financial statements, had remaining lease terms ranging from 0.3 years to 21.6 years. 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 periods of use when MSG Sports uses The Garden for their professional sports teams’ home games, and operating lease revenue is therefore recognized ratably as events occur. 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. The following table summarizes the Company’s revenues recognized under Arena License Agreements and revenues from third party and related party lease and sublease arrangements for Fiscal Years 2024, 2023, and 2022. Years Ended June 30, 2024 2023 2022 Arena License Agreements $ 68,068 $ 68,068 $ 68,072 Third party and related party lease and sublease arrangements 5,208 3,610 3,338 Total Arena license fees and other leasing revenue $ 73,276 $ 71,678 $ 71,410
Leases	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, 2024 and 2023: As of June 30, 2024 2023 ROU assets $ 388,658 $ 235,790 Lease liabilities: Operating leases, current 27,736 36,529 Operating leases, non-current 427,014 219,955 Total lease liabilities $ 454,750 $ 256,484 The following table summarizes the activity related to lease costs recorded within the Company’s consolidated and combined statements of operations for Fiscal Years 2024, 2023 and 2022: Classification within the Company’s Consolidated and Combined Statements of Operations Years Ended June 30, 2024 2023 2022 Operating lease cost Direct operating expenses $ 21,071 $ 20,729 $ 22,360 Operating lease cost Selling, general and administrative expenses 26,023 11,176 9,782 Variable lease cost Direct operating expenses 716 346 147 Variable lease cost Selling, general and administrative expenses — 39 41 Total lease cost $ 47,810 $ 32,290 $ 32,330 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 the Company would relocate from the space that it previously occupied to newly renovated office space within the same building. Throughout Fiscal Year 2024, the Company took possession of certain of the newly renovated space. The Company was not involved in the design or construction of the new space for purposes of the Company’s build out prior to obtaining possession. Upon obtaining possession of the space, the Company recognized an additional lease obligation of $206,410 and a ROU lease asset of $198,294, net of tenant improvement incentives received on the possession date. While lease payments under the new lease agreement will be recognized as a lease expense on a straight-line basis over the lease term, the Company will begin paying full rent starting in the second half of Fiscal Year 2026 due to certain tenant incentives included in the arrangement. Base rent payments will increase every five years beginning in Fiscal Year 2031 in accordance with the terms of the lease. Supplemental cash flow information related to operating leases is as follows: Years Ended June 30, 2024 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities $ 37,908 $ 35,400 $ 33,312 Lease assets obtained in exchange for new lease obligations $ 198,294 $ 478 $ 298,100 For Fiscal Year 2024, the Company received $33,905 of tenant incentives from a landlord for capital expenditures on behalf of the Company. There were no tenant incentives received in Fiscal Years 2023 and 2022. Maturities of operating lease liabilities as of June 30, 2024 were as follows: As of June 30, 2024 Fiscal year ending June 30, 2025 $ 7,353 Fiscal year ending June 30, 2026 34,536 Fiscal year ending June 30, 2027 49,749 Fiscal year ending June 30, 2028 50,122 Fiscal year ending June 30, 2029 39,731 Thereafter 708,235 Total lease payments 889,726 Less: imputed interest 434,976 Total lease liabilities $ 454,750 The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows: As of June 30, 2024 2023 Weighted average remaining lease term (in years) 17.36 12.85 Weighted average discount rate 7.09 % 4.77 % As of June 30, 2024, the Company’s existing operating leases, which are recorded on the accompanying consolidated and combined financial statements, had remaining lease terms ranging from 0.3 years to 21.6 years. 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 periods of use when MSG Sports uses The Garden for their professional sports teams’ home games, and operating lease revenue is therefore recognized ratably as events occur. 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. The following table summarizes the Company’s revenues recognized under Arena License Agreements and revenues from third party and related party lease and sublease arrangements for Fiscal Years 2024, 2023, and 2022. Years Ended June 30, 2024 2023 2022 Arena License Agreements $ 68,068 $ 68,068 $ 68,072 Third party and related party lease and sublease arrangements 5,208 3,610 3,338 Total Arena license fees and other leasing revenue $ 73,276 $ 71,678 $ 71,410

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
Goodwill and Intangible Assets	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets As of June 30, 2024 and 2023, 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, 2024 and 2023 were as follows: As of June 30, 2024 2023 Trademarks $ 61,881 $ 61,881 Photographic related rights 1,920 1,920 Total indefinite-lived intangible assets $ 63,801 $ 63,801 On August 31, 2023 and 2022, the Company performed its annual impairment tests of goodwill and indefinite-lived intangible assets and determined that there were no impairments of goodwill or indefinite-lived intangible assets identified as of the impairment test date. No amortization expense was recognized in Fiscal Year 2024 for definite lived intangible assets as a result of the disposition of the related assets in connection with the BCE Disposition on December 2, 2022. The Company recorded amortization expense on definite lived intangible assets of $754, and $5,838 for Fiscal Years 2023, and 2022, respectively, which is recognized in Depreciation and amortization in the consolidated and combined statements of operations.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As of June 30, 2024, commitments of the Company in the normal course of business in excess of one year were as follows: Commitments June 30, 2025 June 30, 2026 June 30, 2027 June 30, 2028 June 30, 2029 Thereafter Total Contractual obligations $ 12,924 $ 5,272 $ 12,701 $ 12,823 $ 12,896 $ 247,735 $ 304,351 Letters of credit 18,827 — — — — — 18,827 Total commitments $ 31,751 $ 5,272 $ 12,701 $ 12,823 $ 12,896 $ 247,735 $ 323,178 See Note 9. Leases for more information regarding the Company’s contractually obligated minimum lease payments for operating leases having an initial non-cancelable term in excess of one year for the Company’s venues and various corporate offices. These commitments are presented exclusive of the imputed interest used to reflect the payment’s present value. 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 committed to lend up to $65,000 in delayed draw term loans to Sphere Entertainment on an unsecured basis until October 20, 2024. 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 the Company’s Class A Common Stock held by Sphere Entertainment, as permitted as payment under the DDTL Facility. 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, 2024
Debt Disclosure [Abstract]
Credit Facilities	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, 2024 and 2023: As of June 30, 2024 2023 Current Portion National Properties Term Loan Facility $ 16,250 $ 16,250 Current portion of long-term debt $ 16,250 $ 16,250 As of June 30, 2024 June 30, 2023 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current Portion National Properties Term Loan Facility $ 609,375 $ (9,624) $ 599,751 $ 625,625 $ (12,845) $ 612,780 National Properties Revolving Credit Facility — (503) (503) 17,100 — 17,100 Other debt — — — 304 — 304 Long-term debt, net of deferred financing costs $ 609,375 $ (10,127) $ 599,248 $ 643,029 $ (12,845) $ 630,184 National Properties Facilities General. MSG National Properties, LLC (“MSG National Properties”), MSG Entertainment Holdings and certain subsidiaries of MSG National Properties are party to a credit agreement dated June 30, 2022 with JP Morgan Chase Bank, N.A., as administrative agent and the lenders and letter of credit issuers party thereto (as amended, the “National Properties Credit Agreement”), providing for a five-year, $650,000 senior secured term loan facility (the “National Properties Term Loan Facility”) and a five-year, $150,000 revolving credit facility (the “National Properties Revolving Credit Facility” and, together with the National Properties Term Loan Facility, the “National Properties Facilities”). Up to $25,000 of the National Properties Revolving Credit Facility is available for the issuance of letters of credit. As of June 30, 2024, outstanding letters of credit were $18,826 and the remaining balance available under the National Properties Revolving Credit Facility was $131,174. Proceeds. The proceeds of the National Properties Facilities were used on the closing date to repay in full the obligations outstanding under MSG National Properties’ prior term loan facility (the “Prior National Properties Loan Facility”) and to pay fees and expenses in connection with the National Properties Facilities and the refinancing of the Prior National Properties Loan Facility. Proceeds of the National Properties Revolving Credit Facility may be used to fund working capital needs, for general corporate purposes of MSG National Properties and its subsidiaries and to make distributions to MSG Entertainment Holdings. Interest Rates. Borrowings under the current National Properties Facilities bear interest at a floating rate, which at the option of MSG National Properties may be either (a) a base rate plus an applicable margin ranging from 1.50% to 2.50% per annum, determined based on the total leverage ratio of MSG National Properties and its restricted subsidiaries, or (b) adjusted Term SOFR (i.e., Term SOFR plus 0.10%) plus an applicable margin ranging from 2.50% to 3.50% per annum, determined based on the total leverage ratio of MSG National Properties and its restricted subsidiaries. The National Properties Credit Agreement requires MSG National Properties to pay a commitment fee ranging from 0.30% to 0.50% in respect of the daily unused commitments under the National Properties Revolving Credit Facility. MSG National Properties is also required to pay customary letter of credit fees, as well as fronting fees, to banks that issue letters of credit pursuant to the National Properties Credit Agreement. The interest rate on the National Properties Facilities as of June 30, 2024 was 7.94%. Principal Repayments. Subject to customary notice and minimum amount conditions, the Company may voluntarily repay outstanding loans under the National Properties Facilities or terminate commitments under the National Properties Revolving Credit Facility, at any time, in whole or in part, subject only to customary breakage costs in the case of prepayment of Term SOFR loans. The National Properties Facilities will mature on June 30, 2027. The principal obligations under the National Properties Term Loan Facility are to be repaid in quarterly installments beginning with the fiscal quarter ended March 31, 2023, in an aggregate amount equal to 2.50% per annum (0.625% per quarter), stepping up to 5.0% per annum (1.25% per quarter) in the fiscal quarter ending September 30, 2025, with the balance due at the maturity of the facility. The principal obligations under the National Properties Revolving Credit Facility are due at the maturity of the facility. Under certain circumstances, MSG National Properties is required to make mandatory prepayments on loans outstanding, including prepayments in an amount equal to the net cash proceeds of certain sales of assets or casualty insurance and/or condemnation recoveries (subject to certain reinvestment, repair or replacement rights), subject to certain exceptions. Covenants. The National Properties Credit Agreement includes financial covenants requiring MSG National Properties and its restricted subsidiaries to maintain a specified minimum liquidity level, a specified minimum debt service coverage ratio and specified maximum total leverage ratio. The minimum liquidity level is set at $50,000, and is tested based on the level of average daily liquidity, consisting of cash and cash equivalents and available revolving commitments, over the last month of each quarter over the life of the National Properties Facilities. The debt service coverage ratio covenant began testing in the fiscal quarter ended December 31, 2022, and is set at a ratio of 2:1 before stepping up to 2.5:1 in the fiscal quarter ending September 30, 2024. The leverage ratio covenant 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, which stepped down to 5.5:1 in the fiscal quarter ended June 30, 2024 and steps down to 4.5:1 in the fiscal quarter ending June 30, 2026. As of June 30, 2024, MSG National Properties and its restricted subsidiaries were in compliance with the covenants of the National Properties Credit Agreement. In addition to the financial covenants discussed above, the National Properties Credit Agreement and the related security agreement contain certain customary representations and warranties, affirmative and negative covenants and events of default. The National Properties Credit Agreement contains certain restrictions on the ability of MSG National Properties and its restricted subsidiaries to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the National Properties Credit Agreement, including the following: (i) incur additional indebtedness; (ii) create liens on certain assets; (iii) make investments, loans or advances in or to other persons; (iv) pay dividends and distributions or repurchase capital stock (which will restrict the ability of MSG National Properties to make cash distributions to the Company); (v) repay, redeem or repurchase certain indebtedness; (vi) change its lines of business; (vii) engage in certain transactions with affiliates; (viii) amend their respective organizational documents; (ix) merge or consolidate; and (x) make certain dispositions. Guarantors and Collateral. All obligations under the National Properties Facilities are guaranteed by MSG Entertainment Holdings and MSG National Properties’ existing and future direct and indirect domestic subsidiaries, other than the subsidiaries that own The Garden and certain other excluded subsidiaries (the “Subsidiary Guarantors”). All obligations under the National Properties 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. Accounting Treatment. The Company evaluated the terms of the National Properties Term Loan Facility and the Prior National Properties Term Loan Facility and concluded such facilities to be substantially different for accounting purposes. As a result, the Company recorded a loss on extinguishment of $35,629 in connection with the above financing transactions for Fiscal Year 2022. Debt Maturities Maturities for the outstanding debt balances as of June 30, 2024 were as follows: National Properties Facilities Fiscal year ending June 30, 2025 $ 16,250 Fiscal year ending June 30, 2026 32,500 Fiscal year ending June 30, 2027 576,875 $ 625,625 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, 2024 2023 2022 2024 2023 2022 National Properties Facilities 53,864 48,548 52,163 106,350 20,125 646,750 The carrying value and fair value of the Company’s debt reported in the accompanying consolidated balance sheets were as follows: As of June 30, 2024 June 30, 2023 Carrying Value (a) Fair Carrying Value (a) Fair Liabilities: National Properties Facilities $ 625,625 $ 622,497 $ 658,975 $ 655,509 Other debt — — 304 304 Total Long-term debt $ 625,625 $ 622,497 $ 659,279 $ 655,813 _________________ (a) The total carrying value of the Company’s debt as of June 30, 2024 and June 30, 2023 is equal to the current and non-current principal payments for the Company’s credit agreements excluding unamortized deferred financing costs of $10,127 and $12,845, 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, 2024
Retirement Benefits [Abstract]
Pension Plans and Other Postretirement Benefit Plans	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 excess plans covering certain employees as described below. Defined Benefit Pension Plans and Postretirement Benefit Plans After the MSGE Distribution, sponsorship of a non-contributory, qualified cash balance retirement plan covering the Company’s non-union employees (the “Cash Balance Pension Plan”) and an u nfunded non-contributory, non-qualified excess cash balance plan covering certain employees who participate in the underlying qualified plan (collectively, the “Cash Balance Plans”) was transferred from Sphere Entertainment to MSG Entertainment. Since March 1, 2011, the Cash Balance Pension Plan has also included the assets and liabilities of a frozen (as of December 31, 2007) non-contributory qualified defined benefit pension plan covering non-union employees hired prior to January 1, 2001 (the “Retirement Pension Plan”). The Cash Balance Plans were amended to freeze participation and future benefit accruals effective December 31, 2015 for all employees. Therefore, since December 31, 2015, no new participants have been able to participate in the Cash Balance Plans and no further annual pay credits will be made for any future year. Existing account balances under the plans will continue to be credited with monthly interest in accordance with the terms of the plans. MSG Entertainment also sponsors an unfunded non-contributory, non-qualified defined benefit pension plan for the benefit of certain employees who participated in the Retirement Pension Plan on March 1, 2011 (the “Excess Plan”). As of December 31, 2007, the Excess Plan was amended to freeze all benefits earned through December 31, 2007 and to eliminate the ability of participants to earn benefits for future service under these plans. Lastly, in connection with the MSGE Distribution, sponsorship of a non-contributory, qualified defined benefit pension plan covering certain of the Company’s union employees (the “Union Plan”) was transferred from Sphere Entertainment to MSG Entertainment. Benefits payable to retirees under the Union Plan are based upon years of Benefit Service (as defined in the Union Plan document). 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, 2024 and 2023, 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, 2024 2023 2024 2023 Change in benefit obligation: Benefit obligation at beginning of period $ 130,725 $ 135,916 $ 2,517 $ 2,463 Service cost 71 68 21 25 Interest cost 6,673 5,874 120 97 Actuarial (gain) loss (a) (2,859) (3,753) (85) 304 Benefits paid (7,902) (7,139) (311) (372) Plan settlements paid (103) (97) — — Other — (144) — — Benefit obligation at end of period 126,605 130,725 2,262 2,517 Change in plan assets: Fair value of plan assets at beginning of period 102,236 108,978 — — Actual return on plan assets 4,562 1,782 — — Employer contributions 13,280 250 — — Benefits paid (7,791) (7,080) — — Administrative expenses paid (1,979) (1,694) — — Fair value of plan assets at end of period 110,308 102,236 — — Funded status at end of period $ (16,297) $ (28,489) $ (2,262) $ (2,517) _____________________ (a) In Fiscal Year 2024, 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 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. Amounts recognized in the consolidated and combined balance sheets as of June 30, 2024 and 2023 consist of: Pension Plans Postretirement Plan June 30, June 30, 2024 2023 2024 2023 Current liabilities (included in Accounts payable, accrued and other current liabilities) $ (349) $ (270) $ (326) $ (318) Non-current liabilities (included in Other non-current liabilities) (15,948) (28,219) (1,936) (2,199) $ (16,297) $ (28,489) $ (2,262) $ (2,517) Accumulated other comprehensive loss, before income tax, as of June 30, 2024 and 2023 consists of the following amounts that have not yet been recognized in net periodic benefit cost: Pension Plans Postretirement Plan June 30, June 30, 2024 2023 2024 2023 Actuarial loss $ (38,558) $ (40,625) $ (447) $ (555) 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 2024, 2023 and 2022 . 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, 2024 2023 2022 2024 2023 2022 Service cost $ 71 $ 68 $ 120 $ 21 $ 25 $ 32 Interest cost 6,673 5,874 3,708 120 97 42 Expected return on plan assets (5,167) (4,362) (6,016) — — — Recognized actuarial loss 1,786 1,800 1,386 23 — 34 Settlement loss recognized (a) 7 5 — — — — Net periodic benefit cost reported in the consolidated and combined statements of operations $ 3,370 $ 3,385 $ (802) $ 164 $ 122 $ 108 _________________ (a) For Fiscal Years 2024, 2023 and 2022, lump-sum payments $103 , $97 and $0, respectively, were distributed to vested participants of the non-qualified excess cash balance plan, triggering the recognition of settlement losses in accordance with ASC Topic 715. The discount rates used for the projected benefit obligation and interest cost were 5.47% and 4.13%, as of June 30, 2024, respectively, 5.44% and 5.41% as of June 30, 2023, respectively, and 1.96% and 1.30% as of June 30, 2022, respectively. Additionally, settlement charges of $7, $5 and $0 were recognized in Other income (expense), net for Fiscal Years 2024, 2023 and 2022, respectively. Other pre-tax changes in plan assets and benefit obligations recognized in other comprehensive income (loss) for Fiscal Years 2024, 2023 and 2022 were as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2024 2023 2022 2024 2023 2022 Actuarial (loss) gain, net $ (1,742) $ (1,800) $ (3,306) $ (23) $ 304 $ 501 Recognized actuarial (gain) loss (288) 520 1,386 (85) — 34 Settlement loss recognized 7 5 — — — — Total recognized in other comprehensive income (loss) $ (2,023) $ (1,275) $ (1,920) $ (108) $ 304 $ 535 Funded Status The accumulated benefit obligation for the Pension Plans aggregated t o $126,605 and $130,725 at June 30, 2024 and 2023, respectively. As of June 30, 2024 and 2023, 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, 2024 and 2023 were as follows: Pension Plans Postretirement Plan June 30, June 30, 2024 2023 2024 2023 Discount rate 5.55 % 5.34 % 5.40 % 5.40 % Interest crediting rate 4.55 % 3.77 % n/a n/a Healthcare cost trend rate assumed for next year n/a n/a 6.75 % 7.00 % 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 2032 Weighted-average assumptions used to determine net periodic benefit cost (made at the beginning of the period) for Fiscal Years 2024, 2023 and 2022 were as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2024 2023 2022 2024 2023 2022 Discount rate - projected benefit obligation 5.34 % 4.86 % 2.87 % 5.40 % 4.63 % 2.17 % Discount rate - service cost 5.44 % 4.97 % 3.11 % 5.39 % 4.89 % 2.65 % Discount rate - interest cost 5.37 % 4.56 % 1.92 % 5.49 % 4.28 % 1.51 % Expected long-term return on plan assets 6.41 % 5.92 % 4.94 % n/a n/a n/a Interest crediting rate 3.77 % 2.76 % 2.32 % n/a n/a n/a Healthcare cost trend rate assumed for next year n/a n/a n/a 7.00 % 6.00 % 6.25 % 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 2032 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 Discount Rate Model as of June 30, 2024 and 2023 to select a 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, and economic/financial market theory. The expected long-term rate of return was selected from within the reasonable range of rates determined by (i) historical returns for the asset classes covered by the investment policy and (ii) projections of returns over the long-term period during which benefits are payable to plan participants. Plan Assets and Investment Policy The weighted-average asset allocation of the Pension Plans’ assets at June 30, 2024 and 2023 was as follows: As of June 30, Asset Classes (a) : 2024 2023 Fixed income securities 79 % 75 % Equity securities 15 % 15 % Cash equivalents 6 % 10 % 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, 2024 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 targets 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. Investments at Estimated Fair Value The cumulative fair values of the individual plan assets at June 30, 2024 and 2023 by asset class were as follows: Fair Value Hierarchy As of June 30, 2024 2023 U.S. Treasury securities (a) I $ 2,313 $ 3,673 Money market fund (a) I 4,345 6,511 U.S. Gov’t Agency Obligations (b) II 285 308 Mutual fund - equity (c) II 16,349 15,296 Common collective trust (c) II 87,016 76,448 Total investments measured at fair value $ 110,308 $ 102,236 _____________________ (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 traded funds, are classified within Level II of the fair value hierarchy at their net asset value (“NAV”) as reported by the Trustee and investment manager, respectively. The NAV is based on the fair value of the underlying investments held by the funds which are based on quoted market prices less their liabilities. Both the CCT and the mutual fund publish their daily NAV and use such value as the basis for current transactions. Contributions for Qualified Defined Benefit Pension Plans During Fiscal Year 2024, the Company contributed $12,850 and $430 to the Cash Balance Plan and Union Plan, respectively. The Company expects to contribute $5,700 and $250 to the Cash Balance Plan and Union Plan, respectively in Fiscal Year 2025. Estimated Future Benefit Payments The following table presents estimated future fiscal year benefit payments for the Pension Plans and Postretirement Plan: Pension Postretirement Fiscal year ending June 30, 2025 $ 12,310 $ 335 Fiscal year ending June 30, 2026 $ 8,306 $ 314 Fiscal year ending June 30, 2027 $ 8,457 $ 270 Fiscal year ending June 30, 2028 $ 8,334 $ 262 Fiscal year ending June 30, 2029 $ 8,481 $ 268 Fiscal years ending June 30, 2030 – 2034 $ 46,126 $ 965 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 2024, 2023 and 2022 , expenses related to the Savings Plans, excluding expenses related to MSG Sports employees and for Fiscal Years 2024 excluded expenses related to Sphere Entertainment employees , that are included in the accompanying consolidated and combined statements of operations wer e $7,981, $5,187 and $4,284, res pectively. 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 2024, 2023 and 2022 , expenses related to the Union Savings Plan included in the accompanying consolidated and combined statements of operations were $701, $428 and $394, res pectively. 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 plans for Fiscal Years 2024, 2023 and 2022 , and summarizes the contributions that the Company has made during each period. The “EIN” and “Pension Plan Number” columns provide the Employer Identification Number and the three-digit plan number for each applicable plan. The most recent Pension Protection Act zone status available as of June 30, 2024 and 2023 relates to the plan’s two most recent years ended which are indicated. Among other factors, plans in the red zone are generally less than 65% funded, plans in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans in the yellow zone are less than 80% funded, and plans in the green zone are at least 80% funded. The “FIP/RP Status Pending/Implemented” column indicates whether a funding improvement plan (“FIP”) for yellow/orange zone plans or a rehabilitation plan (“RP”) for red zone plans is either pending or has been implemented by the trustees of such plan. The zone status and any FIP or RP information is based on information that the Company received from the plan, and the zone status is as certified by the plan’s actuary. The last column lists the expiration date(s) or a range of expiration dates of the CBA to which the plans are subject. There are no other significant changes that affect such comparability. PPA Zone Status FIP/RP Status Pending / Implemented Company Contributions As of June 30, Year Ended June 30, Plan Name EIN Pension Plan Number 2024 2023 2024 2023 2022 Surcharge Imposed Expiration Date of CBA Pension Fund of Local No. 1 of I.A.T.S.E. 136414973 001 Green as of 2023-12-31 Green as of 2022-12-31 No $ 2,784 $ 2,550 $ 1,999 No 9/30/2025 All Other Multiemployer Defined Benefit Pension Plans 3,198 2,897 1,907 $ 5,982 $ 5,447 $ 3,906 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 Pension Fund of Local No. 1 of I.A.T.S.E True December 31, 2022, 2021, and 2020 32BJ/Broadway League Pension Fund True December 31, 2022, 2021, and 2020 Treasurers and Ticket Sellers Local 751 Pension Fund True August 31, 2023, 2022 and 2021 Pension Fund of Wardrobe Attendants Union Local 764 True December 31, 2022 Multiemployer Defined Contribution Pension Plans The Company contributed $7,919, $7,316 and $5,641 fo r Fiscal Years 2024, 2023 and 2022 , 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 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 (“ASC Topic 710”), the assets of the trust are consolidated with the accounts of the Company and are recognized in the Company’s consolidated balance sheet. 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 and combined 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 value of the assets held in trust in accordance with ASC Topic 321, Investments – Equity Securities , and recognizes unrealized gains and losses in Miscellaneous income (expense), net in the Company’s consolidated and combined statements of operations. The Company recorded compensation expense/(compensation cost credits) of $495 and $225, for the years ended June 30, 2024 and 2023, respectively, within Selling, general and administrative expenses to reflect the remeasurement of the Deferred Compensation Plan liability. In addition, the Company recorded gains/(losses) Amounts recognized in the consolidated balance sheets as of June 30, 2024 and 2023, related to the Deferred Compensation Plan consist of: As of June 30, 2024 2023 Non-current assets (included in Other non-current assets) $ 4,226 $ 2,954 Non-current liabilities (included in Other non-current liabilities) $ (4,226) $ (2,976)

Share-based Compensation

Share-based Compensation	12 Months Ended
Share-based Compensation	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	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 stock options, restricted shares, restricted stock units, performance stock units, stock appreciation rights and other share-based awards. All awards granted under the Sphere Entertainment Employee Stock Plans will settle in shares of Sphere Entertainment’s Class A common stock, or, at the option of the Compensation Committee of the Sphere Entertainment Board of Directors, in cash. Prior to the MSGE Distribution Date, the consolidated and combined financial statements only reflect the expenses for the awards provided to the Company’s direct employees, net of expenses related to the Company’s corporate employees who participate in the Sphere Entertainment Employee Stock Plans that were charged to Sphere Entertainment. 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 Directors (the “Non-Employee Director Plan). Under the Employee Stock Plan, the Company is authorized to grant incentive stock options, non-qualified stock options, restricted shares, restricted stock units (“RSUs”), performance stock units (“PSUs”), stock appreciation rights and other equity-based awards. The Company may grant awards under the Employee Stock Plan for up to an aggregate number of 11,000 shares of Class A Common stock, which may be either treasury shares or authorized but unissued shares. Options and stock appreciation rights under the Employee Stock Plan must be granted with an exercise price of not less than the fair market value of a share of the Company’s Class A common stock on the date of grant and must expire no later than 10 years from the date of grant (or up to one Treatment After the MSGE Distribution of Share-based Payment Awards Initially Granted Under Sphere Entertainment Equity Award Programs Prior to the MSGE Distribution, certain employees and the non-employee directors of Sphere Entertainment (some of whom are now employees or non-employee directors of the Company) participated in Sphere Entertainment equity award programs (the “Sphere Entertainment Stock Plans”). In connection with the MSGE Distribution, each option to purchase Sphere Entertainment’s Class A common stock became two options: one option to acquire Sphere Entertainment Class A common stock and one option to acquire the Company’s Class A common stock granted under the Employee Stock Plan. The exercise price of the option was allocated between the existing Sphere Entertainment options and new Company options based upon the weighted average price of each of the Sphere Entertainment Class A common stock and the Company’s Class A Common Stock over the ten trading days immediately following the Distribution. In connection with the MSGE Distribution, each holder of a Sphere Entertainment RSU received one MSG Entertainment RSU 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) for each Sphere Entertainment RSU in accordance with the Sphere Entertainment award agreement. Additionally, each holder of a Sphere Entertainment employee PSU received one Company PSU (at target performance) in respect of every one Sphere Entertainment PSU (at target performance) 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) for each Sphere Entertainment PSU in accordance with the Sphere Entertainment award agreement. Further, in connection with the MSGE Distribution, each holder of a Sphere Entertainment director RSU received one share of the Company’s 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 with the Company, Sphere Entertainment or MSG Sports. 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 consolidated and combined statements of operations as a component of direct operating expenses or selling, general and administrative expenses. The following table presents the share-based compensation expense recorded during Fiscal Years 2024, 2023 and 2022: Years Ended June 30, 2024 2023 2022 Share-based compensation expense (a) $ 24,544 $ 29,521 $ 37,746 _____________________ (a) For Fiscal Years 2024, 2023 and 2022 share-based compensation excludes costs of $6,788, $2,293, and $1,612, 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 for Fiscal Year 2024: Number of Weighted-Average Grant-date Fair Value (a) RSUs PSUs Unvested award balance as of June 30, 2023 903 1,084 $ 65.78 Granted 683 529 $ 31.55 Vested (a) (688) (338) $ 33.56 Forfeited (83) (93) $ 31.47 Unvested award balance as of June 30, 2024 815 1,182 $ 64.58 _____________________ (a) The fair value of RSUs and PSUs that vested and were distributed during Fiscal Year 2024 was $33,504. Upon delivery, RSUs granted by the Company 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, 437 of these awards, with an aggregate value of $14,325 were retained by MSG Entertainment. As of June 30, 2024, there was $29,927 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 1.9 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 year service period and expire 7.5 to 10 years from the date of grant. The following table summarizes activity related to the Company’s stock options during Fiscal Year 2024: Number of Time Vesting Options Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of June 30, 2023 724 $ 55.87 Forfeited (184) $ 55.69 Balance as of June 30, 2024 540 $ 55.93 2.06 $ — Exercisable on June 30, 2024 540 $ 55.93 2.06 $ —

Equity

Equity	12 Months Ended
Equity	Jun. 30, 2024
Equity [Abstract]
Equity	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 (the “Stock Repurchase Program”). Pursuant to the Stock Repurchase Program, 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 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. For Fiscal Year 2024, the Company repurchased 3,525 shares of Class A Common Stock for $115,512. As of June 30, 2024, the Company had approximately $110,000 remaining available for repurchases under the Stock Repurchase Program. Accumulated Other Comprehensive Loss The following table details the components of accumulated other comprehensive loss: June 30, 2024 2023 2022 Balance at beginning of period $ (34,021) $ (34,740) $ (33,598) Other comprehensive loss: Amounts reclassified from accumulated other comprehensive loss (a) 2,131 (971) (1,385) Income tax (expense) benefit (372) 176 243 Other comprehensive loss, total 1,759 (795) (1,142) 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 $ (32,262) $ (34,021) $ (34,740) ________________ (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, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax benefit (expense) is comprised of the following components: Year Ended June 30, 2024 2023 2022 Current (expense) benefit: Federal $ (97) $ (1,008) $ 515 State and other (91) — (220) (188) (1,008) 295 Deferred benefit (expense): Federal 47,607 6,198 (4,711) State and other 44,590 (6,918) 4,486 92,197 (720) (225) Income tax benefit (expense) $ 92,009 $ (1,728) $ 70 The income tax benefit (expense) differs from the amount derived by applying the statutory federal rate to pre-tax income (loss) principally due to the effect of the following items: Year Ended June 30, 2024 2023 2022 Federal tax (expense) benefit at statutory federal rate $ (10,981) $ (16,332) $ 28,617 State income taxes, net of federal benefit (9,039) (13,033) 12,141 Change in valuation allowance 108,506 34,147 (31,679) Return to provision 4,487 — — Federal tax credits 1,139 — — Capital loss carryover — 3,960 — Nondeductible transaction costs — (206) — GAAP income of consolidated partnership attributable to non-controlling interest — (116) (601) Change in the estimated applicable tax rate used to determine deferred taxes 280 (557) — Nondeductible officers’ compensation (2,385) (3,861) (8,125) Nondeductible expenses (413) (266) (373) Excess tax benefit related to share-based payment awards 412 (5,457) 93 Other, net 3 (7) (3) Income tax benefit (expense) $ 92,009 $ (1,728) $ 70 The tax effects of temporary differences which give rise to significant portions of the deferred tax assets and liabilities at June 30, 2024 and 2023 were as follows: June 30, 2024 2023 Deferred tax assets: Net operating losses (NOLs) $ 15,736 $ 18,684 Federal tax credits 1,295 — Accrued employee benefits 25,219 28,271 Restricted stock units and stock options 8,337 8,571 Deferred revenue 3,498 34,914 Right-of-use lease assets and lease liabilities, net 22,696 7,071 Deferred interest 20,367 3,299 Property and equipment 38,564 38,703 Investments 921 — Other, net 9,248 5,853 Total gross deferred tax assets $ 145,881 $ 145,366 Less valuation allowance — (95,352) Net deferred tax assets $ 145,881 $ 50,014 Deferred tax liabilities: Intangibles and other assets $ (40,022) $ (40,143) Prepaid expenses (5,746) (4,854) Investments — (5,530) Straight line rent (31,806) (23,005) Total deferred tax liabilities $ (77,574) $ (73,532) Net deferred tax asset (liability) $ 68,307 $ (23,518) In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company’s ability to realize its deferred tax assets depends upon the generation of sufficient future taxable income to allow for the utilization of its NOLs and future deductible temporary differences . In determining the likelihood of future realization of the deferred tax assets as of June 30, 2024, the Company considered both positive and negative evidence and weighted the effect of such evidence based upon its objectivity. This included consideration of both cumulative pretax income, including permanent items, for current fiscal year and the two preceding years; and projected future pretax income. Based on current facts and circumstances, management believes that it is more likely than not that the Company will realize its deferred tax assets and the valuation allowance was reversed in the fourth quarter of the fiscal year ended June 30, 2024. The Company will continue to assess the realizability of its deferred tax assets on a quarterly basis. 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, 2024 was $52,000. The NOL has an unlimited carryforward period. Prior to the MSGE Distribution, the Company’s collections 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, 2024, the Company has a deferred tax asset of $3,498 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 payments, net of refunds, were $58 for Fiscal Year 2024. 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 prior to the MSGE Distribution.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of June 30, 2024, members of the Dolan family, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, including trusts for the benefit of members of the Dolan family (collectively, the “Dolan Family Group”) collectively beneficially owned 100% of the Company’s outstanding Class B Common Stock and approximately 3.9% of the Company’s outstanding Class A Common Stock (inclusive of options exercisable within 60 days of June 30, 2024). Such shares of Class A Common Stock and Class B Common Stock, collectively, represent approximately 63.7% 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 for a commission; • 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 term in exchange for venue license fees, (ii) shares revenues collected for suite licenses, (iii) operates and manages the sale of the sports teams merchandise at The Garden for a commission, (iv) operates and manages the sale of food and beverage sales and catering services during the Knicks and Rangers games for a portion of net profits (as defined under the Arena License Agreements), (v) provides day of game services, and (vi) provides other general services within The Garden; • 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 to the Company’s 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 made market rate interest-bearing advances to the Company in connection with the construction of new premium hospitality suites at The Garden. The outstanding advances were fully repaid (including interest) in the second quarter of Fiscal Year 2024. As of June 30, 2024 and 2023, MSG Sports had advanced $0 and $304, respectively, to the Company in connection with the arrangement. This advance had been recognized in Long-term debt, net of deferred financing costs in the accompanying consolidated and combined balance sheets; • Aircraft arrangements (discussed below); • Arrangements pursuant to which MSG Sports provides certain premium hospitality and other business operations services to the Company, and pursuant to which MSG Sports previously provided certain sponsorship services to the Company; 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; • Arrangements pursuant to which the Company provides certain sponsorship account management services to Sphere Entertainment in exchange for service fees; • Aircraft arrangements (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. See Note 11. Commitments and Contingencies for more information regarding the DDTL. In addition, the Company historically had various agreements with MSG Networks, including an advertising sales representation agreement and a services agreement (the “MSG Networks Services Agreement”). • Pursuant to the Networks 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 Networks Services Agreement, the Company also provided certain services to MSG Networks, such as information technology, accounts payable and payroll, human resources, and other corporate functions, as well as the executive support services described below, in exchange for service fees. MSG Networks also provided certain services to the Company, in exchange for service fees. Following the MSGE Distribution, the Company continues to provide these services pursuant to the TSA with Sphere Entertainment and the MSG Networks Services Agreement is no longer in place. 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 “Support 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, “time sharing” basis, certain Company aircraft. • 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 non-exclusive basis. In connection with the dry lease agreement, the Company also entered into a Flight Crew Services Agreement (the “Flight Crew 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 is party to various arrangements with each of Sphere Entertainment and MSG Sports, pursuant to which (i) Sphere Entertainment and MSG Sports each have the right to lease on a “time-sharing” basis certain aircraft to which the Company has access, (ii) the Company has the right to dry lease certain aircraft leased by MSG Sports and (iii) the Company provides certain aircraft support services. The Company, Sphere Entertainment, and MSG Sports have agreed to allocate expenses in connection with the use by each company (or their executives) of aircraft leased by the Company and MSG Sports. The Company is also party to various arrangements with AMC Networks pursuant to which AMC Networks has the right to lease on a “time-sharing” basis certain aircraft to which the Company has access. 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. The Company has also entered into a commercial agreement with CPC, under which CPC provides sponsorship sales services. The Company recorded commission expense of $1,507 for the year ended June 30, 2024, and did not record any commission expense for the years ended June 30, 2023 and 2022, as the arrangement was not yet in place during those periods . As of June 30, 2024 and 2023, prepaid expenses associated with this arrangement were $5,993 and $0, respectively, and are reported under Prepaid expenses and other current assets, and Other non-current assets in the accompanying consolidated balance sheets. 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, owned 50% of 605 until September 13, 2023. Kristin A. Dolan is also the founder and was the Chief Executive Officer of 605. 605 provides audience measurement and data analytics services to the Company and its subsidiaries in the ordinary course of business. In August 2022, a subsidiary of Sphere Entertainment entered into a three-year agreement with 605, valued at $750, covering several customer analysis projects per year in connection with events held at our venues, which was assigned to the Company in connection with the MSGE Distribution. Pursuant to this arrangement, the Company recognized $34 and $272 of expense for the years ended June 30, 2024 and 2023. No expense was recognized for Fiscal Year 2022. On September 13, 2023, 605 was sold to iSpot.tv, and James L. Dolan and Kristin A. Dolan now hold a minority interest in iSpot.tv. As a result, as of September 13, 2023, 605 is no longer considered to be a related party. 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 and as a result, as of June 30, 2023 , the Company had no notes payable to related parties. Revenues and Operating Expenses The following table summarizes the composition and amounts of the transactions with the Company’s related parties. 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 2024, 2023 and 2022: Year Ended June 30, 2024 2023 2022 Revenues $ 101,835 $ 105,862 $ 115,370 Operating expenses (credits): Revenue sharing expenses 21,567 19,056 17,279 Reimbursement under Arena License Arrangements (25,107) (22,279) (25,827) Cost reimbursement from MSG Sports (37,409) (38,473) (38,254) Corporate reimbursement from Sphere Entertainment (after April 20, 2023) and Corporate allocations to Sphere Entertainment (before April 21, 2023) (108,767) (151,219) (161,189) Other operating expenses, net (824) 3,949 4,995 Total operating expenses (credits), net (a) $ (150,540) $ (188,966) $ (202,996) _____________________ (a) Of the total operating expenses (credits), net, $1,453, $(1,019) and $(9,347) of net expenses (credits) for Fiscal Years 2024, 2023 and 2022, respectively, are included in direct operating expenses in the accompanying consolidated and combined statements of operations, and $(151,993), $(187,947) and $(193,649) for Fiscal Years 2024, 2023 and 2022, respectively, are included as net credits in selling, general and administrative expenses. Revenues In Fiscal Year 2024, the Knicks and the Rangers played a total of 105 home games at The Garden and the Company recorded $68,068 of revenues under the Arena License Agreements for Fiscal Year 2024. In addition, for Fiscal Year 2024 the Company recorded revenues under sponsorship sales and service representation agreements with MSG Sports of $19,481, and merchandise sharing revenues with MSG Sports of $7,200. The Company also earned $3,758 of sublease revenue from related parties during Fiscal Year 2024. 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. 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 Networks Advertising Sales Representation Agreement 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 Networks Advertising Sales Representation Agreement of $20,878 for Fiscal Year 2022. The Company also earned $2,444 of sublease revenue from related parties during Fiscal Year 2022. Operating Expenses Revenue sharing expenses Revenue sharing expenses include MSG Sports’ share of the Company’s in-venue food and beverage sales and certain venue signage agreements. 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 were 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 MSG Networks Services Agreement prior to the MSGE Distribution. 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 Company to the Knickerbocker Group, LLC, an entity owned by James L. Dolan, the Executive Chairman, Chief Executive Officer and a director of the Company, for office space and the cost of certain technology services. In addition, other operating expenses primarily include net charges relating to (i) reciprocal aircraft arrangements between the Company and each of Q2C and CFD, (ii) the aircraft arrangements described above (iii) commission under the group ticket sales representation agreement with MSG Sports, and (iv) expenses for advertising and promotional services rendered by MSG Networks. The reciprocal aircraft arrangement between the Company and Q2C and the related aircraft support services arrangement between them was no longer effective as of December 21, 2021. 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 2024 and 2023, 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 $0, $3,177 and $2,117 related to the Eden Loan Agreement in Fiscal Years 2024, 2023 and 2022. On May 23, 2019, the Company entered into a subordinated credit agreement with TAO Group Sub-Holdings, LLC (“TAOG Sub-Holdings”), which was a subsidiary of Sphere Entertainment (the “TAO Subordinated Credit Agreement”), under which the Company granted TAOG Sub-Holdings a $49,000 subordinated loan. This loan had a maturity date of August 22, 2024. On June 15, 2020, the TAO Subordinated Credit Agreement was amended to provide an additional $22,000 of borrowing capacity and subsequently, the Company provided additional proceeds of $19,000 under the TAO Subordinated Credit Agreement. There were no mandatory repayments of principal until the maturity date. Subject to customary notice and minimum amount conditions, TAOG Sub-Holdings could voluntarily prepay outstanding loans under the TAO Subordinated Credit Agreement at any time, in whole or in part, without premium or penalty. Interest was due monthly in cash or paid-in-kind based on the terms of the TAO Senior Credit Agreement. On June 9, 2022, Sphere Entertainment paid the full outstanding principal amount of this TAO Subordinated Credit Agreement. The cash flows related to this loan receivable 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 $4,420 related to the TAO Subordinated Credit Agreement during the Fiscal Year 2022. Cash Management Prior to the MSGE Distribution, Sphere Entertainment used a centralized approach to cash management and financing of operations. The Company’s and Sphere Entertainment’s other su bsidiaries’ cash was available for use and was regularly “swept” historically. Cash and cash equivalents were attributed to the Company for each of the periods presented, as such cash was held in accounts legally owned by the Company. Transfers o f cash both to and from Sphere Entertainment were included as components of Sphere Entertainment’s Investment on the combined statements of equity (deficit). The main components of the net transfers (to)/from Sphere Entertainment were cash pooling/general financing activities, various expense allocations to/from Sphere Entertainment, and receivables/payables from/(to) Sphere Entertainment deemed to be effectively settled upon the distribution of the Company by Sphere Entertainment. 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, 2024
Additional Financial Information [Abstract]
Additional Financial Information	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, 2024 2023 Cash and cash equivalents $ 33,255 $ 76,089 Restricted cash 300 8,266 Total cash, cash equivalents and restricted cash $ 33,555 $ 84,355 The Company’s cash equivalents consist of money market accounts and time deposits of $29,501 and $58,132 for Fiscal Years 2024 and 2023, 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. The Company’s restricted cash includes cash deposited in an escrow account related to general liability insurance obligations. Prepaid expenses and other current assets consisted of the following: As of June 30, 2024 2023 Prepaid revenue sharing expense $ 54,326 $ 42,774 Other prepaid expenses 19,632 15,814 Current contract assets (a) 7,844 11,254 Inventory (b) 3,871 2,557 Other 5,128 5,163 Total prepaid expenses and other current assets $ 90,801 $ 77,562 _________________ (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 assets consisted of the following: As of June 30, 2024 2023 Unbilled lease receivable (a) $ 98,473 $ 67,325 Investments (b) 6,320 35,070 Deferred costs 3,649 4,120 Other 1,841 1,841 Total other non-current assets $ 110,283 $ 108,356 _________________ (a) Unbilled lease receivable relates to the amounts recorded under the Arena License Agreement. (b) See Note 7. Investments for more information on long-term investments. Accounts payable, accrued and other current liabilities consisted of the following: As of June 30, 2024 2023 Accounts payable $ 26,594 $ 15,628 Accrued payroll and employee related liabilities 71,145 64,532 Cash due to promoters 67,697 90,538 Accrued expenses 38,314 44,027 Total accounts payable, accrued and other current liabilities $ 203,750 $ 214,725 Other income (expense), net includes the following: Years Ended June 30, 2024 2023 2022 Gains from shares sold — DraftKings $ 1,548 $ 2,608 $ — (Loss) gain from shares sold - Townsquare (1,694) 975 — Net unrealized (loss) gain on equity investments with readily determinable fair value (1,096) 16,275 (49,842) Other (3,430) (2,469) 809 Total other (expense) income, net $ (4,672) $ 17,389 $ (49,033) Concentration of Risk As of June 30, 2024, the Company had one customer that made up 12% of total accounts receivable, net. During Fiscal Year 2024 the Company had no customers that made up 10% of total revenues. As of June 30, 2024, approximately 4,700 full-time and part-time employees, who represent approximately 70% of our workforce, were represented by unions. Approximately 9% of such union employees are subject to CBAs that expired as of June 30, 2024 and approximately 12% are subject to CBAs that will expire by June 30, 2025 if they are not extended prior thereto.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 144,300	$ 76,597	$ (133,336)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Jun. 30, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2024
Accounting Policies [Abstract]
Reclassifications	Reclassifications For purposes of comparability, certain prior period amounts have been reclassified to conform to the current year presentation in accordance with GAAP. The accompanying consolidated and combined financial statements for the Fiscal Years ended 2024, 2023 and 2022 have been revised to change the presentation of our revenue and direct operating expenses from an aggregated to a disaggregated basis.
Principles of Consolidation and Combination	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 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 was 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	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 underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the provision for credit losses, goodwill, intangible assets, other long-lived assets, deferred tax assets, pension and other postretirement benefit obligations and the related net periodic benefit cost, and other liabilities. In addition, estimates are used in revenue recognition, depreciation and amortization, litigation matters and other matters. Management believes its use of estimates in the financial statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s consolidated and combined financial statements in future periods.
Revenue Recognition	The Company generates revenue from the provision of services and sale of tangible products, as well as leasing transactions. Revenues are presented under these three categories in the consolidated and combined statements of operations, as described below. Service revenue, presented as “Revenues from entertainment offerings,” primarily includes: • Ticket sales and other ticket-related revenue • Venue license fees for events held at the Company’s venues that the Company does not produce or promote/co-promote • Sponsorship and signage • Suite licenses and single night suite rentals • Advertising commissions and related service fees • Commissions related to the sale of merchandise for which the Company is not the principal in the underlying transaction Product revenue, presented as “Food, beverage, and merchandise revenues”, includes: • Sales of food and beverage during events held at the Company’s venues • Sales of the Company’s merchandise at the Company’s venues and via traditional retail channels Lease revenue, presented as “Arena license fees and other leasing revenue”, includes: • Rental fees related to the arena license agreements that require the Knicks and the Rangers to play their home games at The Garden (the “Arena License Agreements”) with MSG Sports • Sublease income _________________ (a) Leasing direct operating expenses materially consist of venue operations and infrastructure costs. Venue operations and infrastructure costs are not specifically allocated to each revenue category, but are instead attributed in their entirety to service revenue, which is the Company’s principal revenue category. As a result, the Company combines service and leasing direct operating expenses within “Entertainment offerings, arena license fees, and other leasing direct operating expenses” for presentation purposes. 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. 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 Sphere Entertainment and 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 benefits such as suite licenses and event tickets. To the extent the Company’s multi-year arrangements provide for performance obligations that are consistent over the multi-year contractual term, such performance obligations generally meet the definition of a series as provided for under the accounting guidance. If performance obligations are concluded to meet the definition of a series, the contractual fees for all years during the contract term are aggregated and the related revenue is recognized proportionately as the underlying performance obligations are satisfied. The timing of revenue recognition for each performance obligation is dependent upon the facts and circumstances surrounding the Company’s satisfaction of its respective performance obligation. The Company allocates the transaction price for such arrangements to each performance obligation within the arrangement based on the estimated relative standalone selling price of the performance obligation. The Company’s process for determining its estimated standalone selling prices involves management’s judgment and considers multiple factors including company specific and market specific factors that may vary depending upon the unique facts and circumstances related to each performance obligation. Key factors considered by the Company in developing an estimated standalone selling price for its performance obligations include, but are not limited to, prices charged for similar performance obligations, the Company’s ongoing pricing strategy and policies, and consideration of pricing of similar performance obligations sold in other arrangements with multiple performance obligations. 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 do not represent contract liabilities and are recorded within accrued and other current liabilities on the accompanying consolidated and combined balance sheets. Amounts recognized as revenue for which the Company has a right to consideration for goods or services transferred to customers and for which the Company does not have an unconditional right to bill as of the reporting date are recorded as contract assets. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional.
Direct Operating Expenses	Direct operating expenses related to the provision of services and leasing, presented as “Entertainment offerings, arena license fees, and other leasing direct operating expenses”, primarily include: (a) • Event production costs including direct personnel expenses • Venue operations and infrastructure costs (a) • Venue rental costs for venues not owned by the Company • Sponsorship and signage fulfillment costs • Contractual revenue sharing expenses related to suite licenses and certain internal signage • Event-related marketing and advertising costs Direct operating expenses related to the sale of products, presented as “Food, beverage, and merchandise direct operating expenses” include: • Costs of goods sold including direct personnel expenses • Contractual revenue sharing expenses related to food and beverage sold at events held by Madison Square Garden Sports Corp. (together with its subsidiaries, as applicable, “MSG Sports”) at The Garden 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. The Company may incur costs such as commissions to obtain its multi-year sponsorship agreements. The Company assesses such costs for capitalization on a contract by contract basis. To the extent costs are capitalized, the Company estimates the useful life of the related contract asset, which may be the underlying contract term or the estimated customer life depending on the facts and circumstances surrounding the contract. The contract asset is amortized over the estimated useful life. 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 and are recorded as a component of Entertainment offerings, arena license fees, and other leasing direct operating expenses on the Company’s consolidated and combined statement of operations. 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 licenses, certain internal signage and in-venue food and beverage sales and are recorded as a component of Entertainment offerings, arena license fees, and other leasing direct operating expenses on the Company’s consolidated and combined statement of operations.
Advertising Expenses	Advertising ExpensesAdvertising costs are typically charged to expense when incurred.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes (“ASC Topic 740”). The Company’s provision for income taxes is based on current period income, changes in deferred tax assets and liabilities, and changes in estimates with regard to uncertain tax positions. Deferred tax assets are subject to an ongoing assessment of realizability. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company’s ability to realize its deferred tax assets depends upon the generation of sufficient future taxable income to allow for the realization of its deductible temporary differences. Interest and penalties, if any, associated with uncertain tax positions are included in income tax expense. 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 filed its initial U.S. income tax return for the period from April 21, 2023 through June 30, 2023.
Share-based Compensation	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 directors which, unless otherwise provided under the applicable award agreement, are fully vested, and are expensed at the grant date. The Company accounts for forfeitures as they occur, rather than estimating expected forfeitures. 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 with the Company, Sphere Entertainment or MSG Sports.
Earnings (Loss) Per Share	Earnings (Loss) Per Share For the periods after the MSGE Distribution Date, basic earnings per share (“EPS”) attributable to the Company’s common stockholders is based upon net income (loss) attributable to the Company’s common stockholders divided by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS reflects the effect of the assumed vesting of restricted stock units and exercise of stock options only in the periods in which such effect would have been dilutive. For the periods when a net loss is reported, the computation of diluted EPS equals the basic EPS calculation since common stock equivalents would be antidilutive due to losses from continuing operations. Holders of Class A common stock and Class B common stock are entitled to receive dividends equally on a per-share basis if and when such dividends are declared. As the holders of Class A and Class B common stock are entitled to identical dividend and liquidation rights, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net earnings (loss) per share attributable to common stockholders are, therefore, the same for both Class A and Class B common stock on both an individual and combined basis. 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. This share amount was utilized for the calculation of basic earnings (loss) per share for Fiscal Year 2022 because the Company was not a standalone public company prior to the MSGE Distribution. In addition, for Fiscal Year 2022 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 (“ASC Topic 260”) .
Cash and Cash Equivalents	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	Restricted Cash The Company’s restricted cash includes cash deposited in escrow accounts related to 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	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.
Accounts Receivable	Accounts ReceivableAccounts 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.
Investments	Investments 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. The Company’s investments accounted for using the equity method of accounting are carried at cost, plus or minus the Company’s share of net earnings or losses of the investment, subject to certain other adjustments. The cost of equity method investments includes transaction costs of the acquisition. As required by GAAP, to the extent that there is a basis difference between the cost and the underlying equity in the net assets of an equity investment, the Company allocates such differences between tangible and intangible assets. The Company’s share of net earnings or losses of the investment, inclusive of amortization expense for intangible assets associated with the investment, is reflected in Other income (expense), net within the Company’s consolidated and combined statements of operations. Dividends received from the investee reduce the carrying amount of the investment. Due to the timing of receiving financial information from certain of its nonconsolidated affiliates, the Company records its share of net earnings or losses of such affiliates on a three-month lag basis, with the exception of the amortization expense of intangible assets which are recorded currently. The Company reviews its equity method investments periodically to determine whether a decline in fair value below the cost basis is other-than-temporary. The primary factors the Company considers in its determination are the length of time that the fair value of the investment is below the Company’s carrying value; future prospects of the investee; and the Company’s intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. In addition, the Company considers other factors such as general market conditions, industry conditions, and analysts’ ratings. If the decline in fair value is deemed to be other-than-temporary, the cost basis of the investment is written down to fair value and the loss is realized as a component of net income. In addition to equity method investments, the Company also has other equity investments without readily determinable fair values. The Company measures equity investments without readily determinable fair values at cost, less any impairment, adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. Changes in observable price are reflected within Other income (expense), net in the accompanying consolidated and combined statements of operations.
Property and Equipment and Other Long-Lived Assets	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 22 years Furniture and fixtures 1 year to 10 years Leasehold improvements Shorter of term of lease or useful life of improvement
Goodwill and Indefinite-Lived Assets and Impairment of Long-Lived and Indefinite-Lived Assets	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 of consideration and the Company charges these costs to selling, general and administrative expense as they are 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. In assessing the recoverability of the Company’s long-lived and indefinite-lived assets, the Company must make estimates and assumptions regarding future cash flows and other factors to determine the fair value of the respective assets. These estimates and assumptions could have a significant impact on whether an impairment charge is recognized and the magnitude of any such charge. Fair value estimates are made based on relevant information at a specific point in time, and are subjective in nature and involve significant uncertainties and judgments. If these estimates or assumptions change materially, the Company may be required to record impairment charges related to its long-lived and/or indefinite-lived assets. Goodwill is tested annually for impairment as of August 31 st 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 31 st 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 (“ROU”) lease assets and intangible assets that are amortized, the Company evaluates assets for recoverability when there is an indication of potential impairment. If the undiscounted cash flows from a group of assets being evaluated is less than the carrying value of that group of assets, the fair value of the asset group is determined and the carrying value of the asset group is written down to fair value. The Company generally determines the fair value of a finite-lived intangible asset using an income approach, such as the discounted cash flow method. See Note 10. Goodwill and Intangible Assets for further discussion of impairment of goodwill and indefinite-lived intangibles.
Leases	Leases The Company’s leases primarily consist of certai n venues, c orporate 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 term of the lease, inclusive of any rent-free periods and/or periods covered by early-termination options which the Company is reasonably certain not to exercise, as well as periods covered by renewal options which the Company is reasonably certain to exercise. The Company’s lease agreements do not contain material residual value guarantees or material restrictive covenants. 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 and combined balance sheets at lease commencement reflecting the present value of the fixed minimum payment obligations over the lease term. A corresponding ROU asset equal to the initial lease liability is also recorded, adjusted for any prepaid rent and/or initial direct costs incurred in connection with execution of the lease and reduced by any lease incentives received. In addition, the ROU asset is adjusted to reflect any above or below market lease terms under acquired lease contracts. The Company includes fixed payment obligations related to non-lease components in the measurement of ROU assets and lease liabilities, as the Company has elected to account for lease and non-lease components together as a single lease component. ROU assets associated with finance leases are presented separate from ROU assets associated with operating leases and are included within Property and equipment, net on the Company’s consolidated and combined balance sheets. For purposes of measuring the present value of the Company’s fixed payment obligations for a given lease, the Company uses its incremental borrowing rate, determined based on information available at lease commencement, as rates implicit in the underlying leasing arrangements are typically not readily determinable. The Company’s incremental borrowing rate reflects the rate it would pay to borrow on a secured basis and incorporates the term and economic environment surrounding the associated 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	Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.
Defined Benefit Pension Plans and Other Postretirement Benefit Plans	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 defined benefit Pension Plans under the guidance of ASC Topic 715, Compensation — Retirement Benefits (“ASC Topic 715”). Accordingly, for the defined benefit Pension Plans liabilities, the consolidated and combined financial statements reflected the full impact of such plans on both the consolidated and combined statements of operations and the consolidated and combined balance sheets and the Company recorded an asset or liability to recognize the funded status of the defined benefit Pension Plans (other than multiemployer plans), as well as a liability only for any required contributions to the defined benefit Pension Plans that were accrued and unpaid at the balance sheet date. The related pension expenses attributed to the Company were based primarily on pension-eligible compensation of active participants. 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).
Fair Value Measurements	Fair Value Measurements The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources while unobservable inputs reflect a reporting entity’s pricing based upon their own market assumptions. The fair value hierarchy consists of the following three levels: • 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	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 Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recently Issued Accounting Pronouncements In November 2023 , the FASB issued Accounting Standards Update (“ASU”) No. 2023-07, Improvement to Reportable Segment Disclosures . This ASU aims to improve segment disclosures through enhanced disclosures about significant segment expenses. The standard requires disclosure of significant expense categories and amounts for such expenses, including those segment expenses that are regularly provided to the chief operating decision maker, easily computable from information that is regularly provided, or significant expenses that are expressed in a form other than actual amounts. This standard will be effective for the Company in Fiscal Year 2025 and is required to be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the impact of the additional disclosure requirements on the Company’s consolidated and combined financial statements. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , a final standard on improvements to income tax disclosures which applies to all entities subject to income taxes. The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be helpful to understand an entity’s exposure to potential changes in jurisdictional tax legislation and the ensuing risks and opportunities, assess income tax information that affects cash flow forecasts and capital allocation decisions, and identify potential opportunities to increase future cash flows. This standard will be effective for the Company in Fiscal Year 2026 and should be applied prospectively. The Company is currently evaluating the impact of the additional disclosure requirements on the Company’s consolidated and combined financial 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, 2024
Accounting Policies [Abstract]
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 22 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, 2024 and 2023, property and equipment, net consisted of the following assets: As of June 30, 2024 2023 Land $ 62,768 $ 62,768 Buildings 1,011,308 999,205 Equipment, furniture and fixtures 348,075 351,596 Leasehold improvements 133,267 105,877 Construction in progress 10,193 2,828 Total Property and equipment 1,565,611 1,522,274 Less accumulated depreciation and amortization (932,078) (893,386) Property and equipment, net $ 633,533 $ 628,888

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
Revenue Recognition (Tables)	Jun. 30, 2024
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 of transfer of goods or services to the customer for Fiscal Years 2024, 2023 and 2022: Year Ended June 30, 2024 2023 2022 Event-related offerings (a) $ 625,364 $ 532,308 $ 372,552 Sponsorship, signage and suite licenses (b) 228,851 209,831 166,221 Other (c) 31,774 37,679 43,307 Total revenues from contracts with customers 885,989 779,818 582,080 Arena license fees and other leasing revenue 73,276 71,678 71,410 Total revenues $ 959,265 $ 851,496 $ 653,490 _______________ (a) Event-related entertainment offerings revenues are recognized at a point in time. (b) See Note 2. Summary of Significant Accounting Policies, Revenue Recognition 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 prior 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 to 40 and the disaggregation of revenue required disclosures in accordance with ASC Subtopic 606-10-50-5 for Fiscal Years 2024, 2023 and 2022. Year Ended June 30, 2024 2023 2022 Ticketing and venue license fee revenues (a) $ 463,272 $ 396,375 $ 273,812 Sponsorship and signage, suite, and advertising commission revenues ( b) 254,079 243,079 208,543 Food, beverage, and merchandise revenues 162,092 135,933 98,740 Other 6,546 4,431 985 Total revenues from contracts with customers 885,989 779,818 582,080 Arena license fees and other leasing revenue 73,276 71,678 71,410 Total revenues $ 959,265 $ 851,496 $ 653,490 _________________ (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.
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, 2024, 2023 and 2022. As of June 30, 2024 2023 2022 Receivables from contracts with customers, net (a) $ 74,113 $ 69,295 $ 106,664 Contract assets, current (b) 7,844 11,254 5,503 Deferred revenue, including non-current portion (c) 215,581 226,029 203,256 ________________ (a) As of June 30, 2024, 2023, and 2022, the Company’s receivables from contracts with customers above included $2,432, $5,397 and $4,163, 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 2024 relating to the deferred revenue balance as of June 30, 2023 was $191,397.
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, 2024: As of June 30, 2024 Fiscal year ending June 30, 2025 $ 172,149 Fiscal year ending June 30, 2026 118,530 Fiscal year ending June 30, 2027 75,347 Fiscal year ending June 30, 2028 46,608 Fiscal year ending June 30, 2029 30,769 Thereafter 24,972 Total $ 468,375

Restructuring and Related Activ

Restructuring and Related Activities (Tables)	12 Months Ended
Restructuring and Related Activities (Tables)	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	Restructuring Liability June 30, 2023 $ 2,530 Restructuring charges (excluding share-based compensation expense) 10,861 Payments (6,251) June 30, 2024 $ 7,140

Computation of Earnings per-s_2

Computation of Earnings per-share (Tables)	12 Months Ended
Computation of Earnings per-share (Tables)	Jun. 30, 2024
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, 2024 2023 2022 Weighted-average shares (denominator): Weighted-average shares for basic EPS 48,275 51,819 51,768 Dilutive effect of shares issuable under share-based compensation plans (a) 314 459 — Weighted-average shares for diluted EPS 48,589 52,278 51,768 Weighted-average anti-dilutive shares (a) 551 740 — _________________

Investments (Tables)

Investments (Tables)	12 Months Ended
Investments (Tables)	Jun. 30, 2024
Investments in and Advances to Affiliates [Abstract]
Equity Method Investments	The carrying fair value of these investments, which is reported under Other non-current assets in the accompanying consolidated and combined balance sheets as of June 30, 2024 and 2023, is as follows: As of June 30, Ownership Percentage as of June 30, 2024 2024 2023 Equity investments with readily determinable fair values: Townsquare Class A common stock $ 1,438 $ 6,945 Townsquare Class C common stock — 13,399 DraftKings Class A common stock — 11,297 Other equity investments with readily determinable fair values held in trust under the Company’s Executive Deferred Compensation Plan 4,226 2,954 Equity method investments: Crown Properties Collection (a) 8 % 60 — Equity investments without readily determinable fair values 596 475 Total investments $ 6,320 $ 35,070 _______________ (a) In March 2024, the Company paid $51 for an 8.3% investment in Oak View Group’s Crown Properties Collection, LLC ("CPC"). The investment in CPC is accounted for as an equity method investment, with MSGE's share of CPC results recorded on a three‐month lag. The impact of recording results on a three-month lag is not material. 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, 2024 2023 2022 Unrealized (loss) gain — Townsquare $ (1,591) $ 7,644 $ (14,629) Unrealized gain (loss) — DraftKings — 8,406 (35,213) Unrealized gain — Executive Deferred Compensation Plan 495 225 $ — Total Unrealized (loss) gain $ (1,096) $ 16,275 $ (49,842) Gain (loss) from shares sold — DraftKings 1,548 2,608 — (Loss) gain from shares sold — Townsquare (1,694) 975 — Total realized and unrealized (loss) gain $ (1,242) $ 19,858 $ (49,842) Supplemental information on realized gain (loss): Shares of common stock sold — DraftKings 425 444 — Cash proceeds from common stock sold — DraftKings $ 12,844 $ 9,864 $ — Shares of common stock sold — Townsquare 1,577 1,500 — Cash proceeds from common stock sold — Townsquare $ 15,621 $ 14,550 $ —

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
Property and Equipment, Net (Tables)	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
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 22 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, 2024 and 2023, property and equipment, net consisted of the following assets: As of June 30, 2024 2023 Land $ 62,768 $ 62,768 Buildings 1,011,308 999,205 Equipment, furniture and fixtures 348,075 351,596 Leasehold improvements 133,267 105,877 Construction in progress 10,193 2,828 Total Property and equipment 1,565,611 1,522,274 Less accumulated depreciation and amortization (932,078) (893,386) Property and equipment, net $ 633,533 $ 628,888

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Jun. 30, 2024
Leases [Abstract]
Summary of ROU Assets and Lease Liabilities	The following table summarizes the ROU assets and lease liabilities recorded on the Company’s consolidated and combined balance sheets as of June 30, 2024 and 2023: As of June 30, 2024 2023 ROU assets $ 388,658 $ 235,790 Lease liabilities: Operating leases, current 27,736 36,529 Operating leases, non-current 427,014 219,955 Total lease liabilities $ 454,750 $ 256,484
Summary of Lease Cost	The following table summarizes the activity related to lease costs recorded within the Company’s consolidated and combined statements of operations for Fiscal Years 2024, 2023 and 2022: Classification within the Company’s Consolidated and Combined Statements of Operations Years Ended June 30, 2024 2023 2022 Operating lease cost Direct operating expenses $ 21,071 $ 20,729 $ 22,360 Operating lease cost Selling, general and administrative expenses 26,023 11,176 9,782 Variable lease cost Direct operating expenses 716 346 147 Variable lease cost Selling, general and administrative expenses — 39 41 Total lease cost $ 47,810 $ 32,290 $ 32,330 Supplemental cash flow information related to operating leases is as follows: Years Ended June 30, 2024 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities $ 37,908 $ 35,400 $ 33,312 Lease assets obtained in exchange for new lease obligations $ 198,294 $ 478 $ 298,100
Operating Lease Maturity Schedule	Maturities of operating lease liabilities as of June 30, 2024 were as follows: As of June 30, 2024 Fiscal year ending June 30, 2025 $ 7,353 Fiscal year ending June 30, 2026 34,536 Fiscal year ending June 30, 2027 49,749 Fiscal year ending June 30, 2028 50,122 Fiscal year ending June 30, 2029 39,731 Thereafter 708,235 Total lease payments 889,726 Less: imputed interest 434,976 Total lease liabilities $ 454,750 The weighted average remaining lease term and weighted average discount rate for our operating leases are as follows: As of June 30, 2024 2023 Weighted average remaining lease term (in years) 17.36 12.85 Weighted average discount rate 7.09 % 4.77 %
Operating Lease, Lease Income	The following table summarizes the Company’s revenues recognized under Arena License Agreements and revenues from third party and related party lease and sublease arrangements for Fiscal Years 2024, 2023, and 2022. Years Ended June 30, 2024 2023 2022 Arena License Agreements $ 68,068 $ 68,068 $ 68,072 Third party and related party lease and sublease arrangements 5,208 3,610 3,338 Total Arena license fees and other leasing revenue $ 73,276 $ 71,678 $ 71,410

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
Goodwill and Intangible Assets (Tables)	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Indefinite-Lived Intangible Assets	The Company’s indefinite-lived intangible assets as of June 30, 2024 and 2023 were as follows: As of June 30, 2024 2023 Trademarks $ 61,881 $ 61,881 Photographic related rights 1,920 1,920 Total indefinite-lived intangible assets $ 63,801 $ 63,801

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	12 Months Ended
Commitment and Contingencies (Tables)	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Other Commitments	As of June 30, 2024, commitments of the Company in the normal course of business in excess of one year were as follows: Commitments June 30, 2025 June 30, 2026 June 30, 2027 June 30, 2028 June 30, 2029 Thereafter Total Contractual obligations $ 12,924 $ 5,272 $ 12,701 $ 12,823 $ 12,896 $ 247,735 $ 304,351 Letters of credit 18,827 — — — — — 18,827 Total commitments $ 31,751 $ 5,272 $ 12,701 $ 12,823 $ 12,896 $ 247,735 $ 323,178

Credit Facilities (Tables)

Credit Facilities (Tables)	12 Months Ended
Credit Facilities (Tables)	Jun. 30, 2024
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, 2024 and 2023: As of June 30, 2024 2023 Current Portion National Properties Term Loan Facility $ 16,250 $ 16,250 Current portion of long-term debt $ 16,250 $ 16,250 As of June 30, 2024 June 30, 2023 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current Portion National Properties Term Loan Facility $ 609,375 $ (9,624) $ 599,751 $ 625,625 $ (12,845) $ 612,780 National Properties Revolving Credit Facility — (503) (503) 17,100 — 17,100 Other debt — — — 304 — 304 Long-term debt, net of deferred financing costs $ 609,375 $ (10,127) $ 599,248 $ 643,029 $ (12,845) $ 630,184
Debt Maturities	Maturities for the outstanding debt balances as of June 30, 2024 were as follows: National Properties Facilities Fiscal year ending June 30, 2025 $ 16,250 Fiscal year ending June 30, 2026 32,500 Fiscal year ending June 30, 2027 576,875 $ 625,625
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, 2024 2023 2022 2024 2023 2022 National Properties Facilities 53,864 48,548 52,163 106,350 20,125 646,750 The carrying value and fair value of the Company’s debt reported in the accompanying consolidated balance sheets were as follows: As of June 30, 2024 June 30, 2023 Carrying Value (a) Fair Carrying Value (a) Fair Liabilities: National Properties Facilities $ 625,625 $ 622,497 $ 658,975 $ 655,509 Other debt — — 304 304 Total Long-term debt $ 625,625 $ 622,497 $ 659,279 $ 655,813 _________________ (a) The total carrying value of the Company’s debt as of June 30, 2024 and June 30, 2023 is equal to the current and non-current principal payments for the Company’s credit agreements excluding unamortized deferred financing costs of $10,127 and $12,845, respectively.

Pension Plans and Other Postr_2

Pension Plans and Other Postretirement Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2024
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, 2024 and 2023, 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, 2024 2023 2024 2023 Change in benefit obligation: Benefit obligation at beginning of period $ 130,725 $ 135,916 $ 2,517 $ 2,463 Service cost 71 68 21 25 Interest cost 6,673 5,874 120 97 Actuarial (gain) loss (a) (2,859) (3,753) (85) 304 Benefits paid (7,902) (7,139) (311) (372) Plan settlements paid (103) (97) — — Other — (144) — — Benefit obligation at end of period 126,605 130,725 2,262 2,517 Change in plan assets: Fair value of plan assets at beginning of period 102,236 108,978 — — Actual return on plan assets 4,562 1,782 — — Employer contributions 13,280 250 — — Benefits paid (7,791) (7,080) — — Administrative expenses paid (1,979) (1,694) — — Fair value of plan assets at end of period 110,308 102,236 — — Funded status at end of period $ (16,297) $ (28,489) $ (2,262) $ (2,517) _____________________ (a) In Fiscal Year 2024, 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 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.
Amounts Recognized in Balance Sheet	Amounts recognized in the consolidated and combined balance sheets as of June 30, 2024 and 2023 consist of: Pension Plans Postretirement Plan June 30, June 30, 2024 2023 2024 2023 Current liabilities (included in Accounts payable, accrued and other current liabilities) $ (349) $ (270) $ (326) $ (318) Non-current liabilities (included in Other non-current liabilities) (15,948) (28,219) (1,936) (2,199) $ (16,297) $ (28,489) $ (2,262) $ (2,517)
Net Periodic Benefit Cost Not Yet Recognized	Accumulated other comprehensive loss, before income tax, as of June 30, 2024 and 2023 consists of the following amounts that have not yet been recognized in net periodic benefit cost: Pension Plans Postretirement Plan June 30, June 30, 2024 2023 2024 2023 Actuarial loss $ (38,558) $ (40,625) $ (447) $ (555)
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 2024, 2023 and 2022 . 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, 2024 2023 2022 2024 2023 2022 Service cost $ 71 $ 68 $ 120 $ 21 $ 25 $ 32 Interest cost 6,673 5,874 3,708 120 97 42 Expected return on plan assets (5,167) (4,362) (6,016) — — — Recognized actuarial loss 1,786 1,800 1,386 23 — 34 Settlement loss recognized (a) 7 5 — — — — Net periodic benefit cost reported in the consolidated and combined statements of operations $ 3,370 $ 3,385 $ (802) $ 164 $ 122 $ 108 _________________ (a) For Fiscal Years 2024, 2023 and 2022, lump-sum payments $103 , $97 and $0, respectively, were distributed to vested participants of the non-qualified excess cash balance plan, triggering the recognition of settlement losses in accordance with ASC Topic 715. The discount rates used for the projected benefit obligation and interest cost were 5.47% and 4.13%, as of June 30, 2024, respectively, 5.44% and 5.41% as of June 30, 2023, respectively, and 1.96% and 1.30% as of June 30, 2022, respectively. Additionally, settlement charges of $7, $5 and $0 were recognized in Other income (expense), net for Fiscal Years 2024, 2023 and 2022, respectively.
Amounts Recognized in Other Comprehensive Income (Loss)	Other pre-tax changes in plan assets and benefit obligations recognized in other comprehensive income (loss) for Fiscal Years 2024, 2023 and 2022 were as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2024 2023 2022 2024 2023 2022 Actuarial (loss) gain, net $ (1,742) $ (1,800) $ (3,306) $ (23) $ 304 $ 501 Recognized actuarial (gain) loss (288) 520 1,386 (85) — 34 Settlement loss recognized 7 5 — — — — Total recognized in other comprehensive income (loss) $ (2,023) $ (1,275) $ (1,920) $ (108) $ 304 $ 535
Weighted-Average Assumptions	Weighted-average assumptions used to determine benefit obligations (made at the end of the period) as of June 30, 2024 and 2023 were as follows: Pension Plans Postretirement Plan June 30, June 30, 2024 2023 2024 2023 Discount rate 5.55 % 5.34 % 5.40 % 5.40 % Interest crediting rate 4.55 % 3.77 % n/a n/a Healthcare cost trend rate assumed for next year n/a n/a 6.75 % 7.00 % 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 2032 Weighted-average assumptions used to determine net periodic benefit cost (made at the beginning of the period) for Fiscal Years 2024, 2023 and 2022 were as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2024 2023 2022 2024 2023 2022 Discount rate - projected benefit obligation 5.34 % 4.86 % 2.87 % 5.40 % 4.63 % 2.17 % Discount rate - service cost 5.44 % 4.97 % 3.11 % 5.39 % 4.89 % 2.65 % Discount rate - interest cost 5.37 % 4.56 % 1.92 % 5.49 % 4.28 % 1.51 % Expected long-term return on plan assets 6.41 % 5.92 % 4.94 % n/a n/a n/a Interest crediting rate 3.77 % 2.76 % 2.32 % n/a n/a n/a Healthcare cost trend rate assumed for next year n/a n/a n/a 7.00 % 6.00 % 6.25 % 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 2032 2027 2027
Weighted-Average Asset Allocation	The weighted-average asset allocation of the Pension Plans’ assets at June 30, 2024 and 2023 was as follows: As of June 30, Asset Classes (a) : 2024 2023 Fixed income securities 79 % 75 % Equity securities 15 % 15 % Cash equivalents 6 % 10 % 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, 2024 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, 2024 and 2023 by asset class were as follows: Fair Value Hierarchy As of June 30, 2024 2023 U.S. Treasury securities (a) I $ 2,313 $ 3,673 Money market fund (a) I 4,345 6,511 U.S. Gov’t Agency Obligations (b) II 285 308 Mutual fund - equity (c) II 16,349 15,296 Common collective trust (c) II 87,016 76,448 Total investments measured at fair value $ 110,308 $ 102,236 _____________________ (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 traded funds, are classified within Level II of the fair value hierarchy at their net asset value (“NAV”) as reported by the Trustee and investment manager, respectively. The NAV is based on the fair value of the underlying investments held by the funds which are based on quoted market prices less their liabilities. Both the CCT and the mutual fund publish their daily NAV and use such value as the basis for current transactions.
Estimated Future Benefit Payments	The following table presents estimated future fiscal year benefit payments for the Pension Plans and Postretirement Plan: Pension Postretirement Fiscal year ending June 30, 2025 $ 12,310 $ 335 Fiscal year ending June 30, 2026 $ 8,306 $ 314 Fiscal year ending June 30, 2027 $ 8,457 $ 270 Fiscal year ending June 30, 2028 $ 8,334 $ 262 Fiscal year ending June 30, 2029 $ 8,481 $ 268 Fiscal years ending June 30, 2030 – 2034 $ 46,126 $ 965
Multiemployer Defined Benefit Pension Plans	The following table outlines the Company’s participation in multiemployer defined benefit pension plans for Fiscal Years 2024, 2023 and 2022 , and summarizes the contributions that the Company has made during each period. The “EIN” and “Pension Plan Number” columns provide the Employer Identification Number and the three-digit plan number for each applicable plan. The most recent Pension Protection Act zone status available as of June 30, 2024 and 2023 relates to the plan’s two most recent years ended which are indicated. Among other factors, plans in the red zone are generally less than 65% funded, plans in the orange zone are both less than 80% funded and have an accumulated funding deficiency or are expected to have a deficiency in any of the next six plan years, plans in the yellow zone are less than 80% funded, and plans in the green zone are at least 80% funded. The “FIP/RP Status Pending/Implemented” column indicates whether a funding improvement plan (“FIP”) for yellow/orange zone plans or a rehabilitation plan (“RP”) for red zone plans is either pending or has been implemented by the trustees of such plan. The zone status and any FIP or RP information is based on information that the Company received from the plan, and the zone status is as certified by the plan’s actuary. The last column lists the expiration date(s) or a range of expiration dates of the CBA to which the plans are subject. There are no other significant changes that affect such comparability. PPA Zone Status FIP/RP Status Pending / Implemented Company Contributions As of June 30, Year Ended June 30, Plan Name EIN Pension Plan Number 2024 2023 2024 2023 2022 Surcharge Imposed Expiration Date of CBA Pension Fund of Local No. 1 of I.A.T.S.E. 136414973 001 Green as of 2023-12-31 Green as of 2022-12-31 No $ 2,784 $ 2,550 $ 1,999 No 9/30/2025 All Other Multiemployer Defined Benefit Pension Plans 3,198 2,897 1,907 $ 5,982 $ 5,447 $ 3,906
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 Pension Fund of Local No. 1 of I.A.T.S.E True December 31, 2022, 2021, and 2020 32BJ/Broadway League Pension Fund True December 31, 2022, 2021, and 2020 Treasurers and Ticket Sellers Local 751 Pension Fund True August 31, 2023, 2022 and 2021 Pension Fund of Wardrobe Attendants Union Local 764 True December 31, 2022
Schedule of Defined Benefit Plans Disclosures	Amounts recognized in the consolidated balance sheets as of June 30, 2024 and 2023, related to the Deferred Compensation Plan consist of: As of June 30, 2024 2023 Non-current assets (included in Other non-current assets) $ 4,226 $ 2,954 Non-current liabilities (included in Other non-current liabilities) $ (4,226) $ (2,976)

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
Share-based Compensation (Tables)	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Compensation Expense	Share-based compensation expense was recognized in the consolidated and combined statements of operations as a component of direct operating expenses or selling, general and administrative expenses. The following table presents the share-based compensation expense recorded during Fiscal Years 2024, 2023 and 2022: Years Ended June 30, 2024 2023 2022 Share-based compensation expense (a) $ 24,544 $ 29,521 $ 37,746 _____________________ (a) For Fiscal Years 2024, 2023 and 2022 share-based compensation excludes costs of $6,788, $2,293, and $1,612, 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 for Fiscal Year 2024: Number of Weighted-Average Grant-date Fair Value (a) RSUs PSUs Unvested award balance as of June 30, 2023 903 1,084 $ 65.78 Granted 683 529 $ 31.55 Vested (a) (688) (338) $ 33.56 Forfeited (83) (93) $ 31.47 Unvested award balance as of June 30, 2024 815 1,182 $ 64.58 _____________________ (a) The fair value of RSUs and PSUs that vested and were distributed during Fiscal Year 2024 was $33,504. Upon delivery, RSUs granted by the Company 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, 437 of these awards, with an aggregate value of $14,325 were retained by MSG Entertainment.
Share-Based Payment Arrangement, Option, Activity	The following table summarizes activity related to the Company’s stock options during Fiscal Year 2024: Number of Time Vesting Options Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of June 30, 2023 724 $ 55.87 Forfeited (184) $ 55.69 Balance as of June 30, 2024 540 $ 55.93 2.06 $ — Exercisable on June 30, 2024 540 $ 55.93 2.06 $ —

Equity (Tables)

Equity (Tables)	12 Months Ended
Equity (Tables)	Jun. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	The following table details the components of accumulated other comprehensive loss: June 30, 2024 2023 2022 Balance at beginning of period $ (34,021) $ (34,740) $ (33,598) Other comprehensive loss: Amounts reclassified from accumulated other comprehensive loss (a) 2,131 (971) (1,385) Income tax (expense) benefit (372) 176 243 Other comprehensive loss, total 1,759 (795) (1,142) 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 $ (32,262) $ (34,021) $ (34,740) ________________ (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, 2024
Income Tax Disclosure [Abstract]
Components of Income Tax (Expense) Benefit	Income tax benefit (expense) is comprised of the following components: Year Ended June 30, 2024 2023 2022 Current (expense) benefit: Federal $ (97) $ (1,008) $ 515 State and other (91) — (220) (188) (1,008) 295 Deferred benefit (expense): Federal 47,607 6,198 (4,711) State and other 44,590 (6,918) 4,486 92,197 (720) (225) Income tax benefit (expense) $ 92,009 $ (1,728) $ 70
Effective Income Tax Rate Reconciliation	The income tax benefit (expense) differs from the amount derived by applying the statutory federal rate to pre-tax income (loss) principally due to the effect of the following items: Year Ended June 30, 2024 2023 2022 Federal tax (expense) benefit at statutory federal rate $ (10,981) $ (16,332) $ 28,617 State income taxes, net of federal benefit (9,039) (13,033) 12,141 Change in valuation allowance 108,506 34,147 (31,679) Return to provision 4,487 — — Federal tax credits 1,139 — — Capital loss carryover — 3,960 — Nondeductible transaction costs — (206) — GAAP income of consolidated partnership attributable to non-controlling interest — (116) (601) Change in the estimated applicable tax rate used to determine deferred taxes 280 (557) — Nondeductible officers’ compensation (2,385) (3,861) (8,125) Nondeductible expenses (413) (266) (373) Excess tax benefit related to share-based payment awards 412 (5,457) 93 Other, net 3 (7) (3) Income tax benefit (expense) $ 92,009 $ (1,728) $ 70
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, 2024 and 2023 were as follows: June 30, 2024 2023 Deferred tax assets: Net operating losses (NOLs) $ 15,736 $ 18,684 Federal tax credits 1,295 — Accrued employee benefits 25,219 28,271 Restricted stock units and stock options 8,337 8,571 Deferred revenue 3,498 34,914 Right-of-use lease assets and lease liabilities, net 22,696 7,071 Deferred interest 20,367 3,299 Property and equipment 38,564 38,703 Investments 921 — Other, net 9,248 5,853 Total gross deferred tax assets $ 145,881 $ 145,366 Less valuation allowance — (95,352) Net deferred tax assets $ 145,881 $ 50,014 Deferred tax liabilities: Intangibles and other assets $ (40,022) $ (40,143) Prepaid expenses (5,746) (4,854) Investments — (5,530) Straight line rent (31,806) (23,005) Total deferred tax liabilities $ (77,574) $ (73,532) Net deferred tax asset (liability) $ 68,307 $ (23,518)

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
Related Party Transactions (Tables)	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	The following table summarizes the composition and amounts of the transactions with the Company’s related parties. 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 2024, 2023 and 2022: Year Ended June 30, 2024 2023 2022 Revenues $ 101,835 $ 105,862 $ 115,370 Operating expenses (credits): Revenue sharing expenses 21,567 19,056 17,279 Reimbursement under Arena License Arrangements (25,107) (22,279) (25,827) Cost reimbursement from MSG Sports (37,409) (38,473) (38,254) Corporate reimbursement from Sphere Entertainment (after April 20, 2023) and Corporate allocations to Sphere Entertainment (before April 21, 2023) (108,767) (151,219) (161,189) Other operating expenses, net (824) 3,949 4,995 Total operating expenses (credits), net (a) $ (150,540) $ (188,966) $ (202,996) _____________________ (a) Of the total operating expenses (credits), net, $1,453, $(1,019) and $(9,347) of net expenses (credits) for Fiscal Years 2024, 2023 and 2022, respectively, are included in direct operating expenses in the accompanying consolidated and combined statements of operations, and $(151,993), $(187,947) and $(193,649) for Fiscal Years 2024, 2023 and 2022, 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, 2024
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, 2024 2023 Cash and cash equivalents $ 33,255 $ 76,089 Restricted cash 300 8,266 Total cash, cash equivalents and restricted cash $ 33,555 $ 84,355
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: As of June 30, 2024 2023 Prepaid revenue sharing expense $ 54,326 $ 42,774 Other prepaid expenses 19,632 15,814 Current contract assets (a) 7,844 11,254 Inventory (b) 3,871 2,557 Other 5,128 5,163 Total prepaid expenses and other current assets $ 90,801 $ 77,562 _________________ (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 assets consisted of the following: As of June 30, 2024 2023 Unbilled lease receivable (a) $ 98,473 $ 67,325 Investments (b) 6,320 35,070 Deferred costs 3,649 4,120 Other 1,841 1,841 Total other non-current assets $ 110,283 $ 108,356 _________________ (a) Unbilled lease receivable relates to the amounts recorded under the Arena License Agreement. (b) See Note 7. Investments 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, 2024 2023 Accounts payable $ 26,594 $ 15,628 Accrued payroll and employee related liabilities 71,145 64,532 Cash due to promoters 67,697 90,538 Accrued expenses 38,314 44,027 Total accounts payable, accrued and other current liabilities $ 203,750 $ 214,725
Other Income (Expense), Net	Other income (expense), net includes the following: Years Ended June 30, 2024 2023 2022 Gains from shares sold — DraftKings $ 1,548 $ 2,608 $ — (Loss) gain from shares sold - Townsquare (1,694) 975 — Net unrealized (loss) gain on equity investments with readily determinable fair value (1,096) 16,275 (49,842) Other (3,430) (2,469) 809 Total other (expense) income, net $ (4,672) $ 17,389 $ (49,033)

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 20, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period		$ (95,824)	$ (154,753)	$ (123,302)
Charged to Costs and Expenses		107,927	34,066	(31,845)
Charged to Other Accounts		(13,154)	21,544	(229)
Deductions		469	3,319	623
Balance at End of Period		(582)	(95,824)	(154,753)
Allowance for doubtful accounts / credit losses
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period		(472)	(3,710)	(4,167)
Charged to Costs and Expenses		(579)	(81)	(166)
Charged to Other Accounts		0	0	0
Deductions		469	3,319	623
Balance at End of Period		(582)	(472)	(3,710)
Deferred tax valuation allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period		(95,352)	(151,043)	(119,135)
Charged to Costs and Expenses		108,506	34,147	(31,679)
Charged to Other Accounts		(13,154)	21,544	(229)
Deductions		0	0	0
Balance at End of Period	$ (71,395)	0	$ (95,352)	$ (151,043)
Valuation allowances and reserves, increase (decrease) adjustment	13,333	$ 13,513
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, 2024 segment $ / shares	Jun. 30, 2023 $ / shares
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	$ 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	$ 0.01
Spinoff \| Madison Square Garden Entertainment \| 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
Common stock, par value per share (in dollars per share)	$ 0.01
Spinoff \| Madison Square Garden Entertainment \| 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
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	33%
Madison Square Garden Entertainment \| Spinoff \| MSG Stockholders
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Noncontrolling interest, ownership percentage by parent	67%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 20, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Advertising expense		$ 11,027	$ 8,832	$ 7,995
Accounts receivable, allowance for credit loss		$ 582	$ 472
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, 2024
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Equipment, furniture and fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	1 year
Equipment, furniture and fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	22 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

Dispositions (Details)

Dispositions (Details) - USD ($) $ in Thousands			12 Months Ended
Dispositions (Details) - USD ($) $ in Thousands	Dec. 30, 2022	Dec. 02, 2022	Jun. 30, 2024
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
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, 2024	Jun. 30, 2023	Jun. 30, 2022
Revenue sharing expenses \| MSG Sports
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Related party transaction, amounts of transaction	$ 137,053	$ 119,017	$ 92,086
Arena License Agreements
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue not from customer	$ 68,068	$ 68,068	$ 68,072
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, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-07-01
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, 2024	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		$ 885,989	$ 779,818	$ 582,080
Arena license fees and other leasing revenue		73,276	71,678	71,410
Revenues	[1]	959,265	851,496	653,490
Event-related and entertainment offerings \| Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		625,364	532,308	372,552
Sponsorship, signage and suite licenses \| Transferred over Time
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		228,851	209,831	166,221
Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		6,546	4,431	985
Other \| Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		31,774	37,679	43,307
Ticketing and venue license fee revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		463,272	396,375	273,812
Sponsorship and signage, suite, and advertising commission revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers		254,079	243,079	208,543
Food, beverage, and merchandise revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	[1]	$ 162,092	$ 135,933	$ 98,740

[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, 2024	Jun. 30, 2023	Jun. 30, 2022
Capitalized Contract Cost [Line Items]
Contract with customer, deferred revenue, revenue recognized	$ 191,397
Receivables from contracts with customers, net
Capitalized Contract Cost [Line Items]
Contracts with customers, assets, net	74,113	$ 69,295	$ 106,664
Contract assets, current
Capitalized Contract Cost [Line Items]
Contracts with customers, assets, net	7,844	11,254	5,503
Deferred revenue, including non-current portion
Capitalized Contract Cost [Line Items]
Deferred revenue, including non-current portion	215,581	226,029	203,256
Other receivables, net, current \| Related Party
Capitalized Contract Cost [Line Items]
Contracts with customers, assets, net	$ 2,432	$ 5,397	$ 4,163

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 468,375
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	172,149
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	118,530
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	75,347
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	46,608
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	30,769
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 24,972

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring charges	$ 17,649	$ 10,241	$ 5,171
Severance costs	$ 6,788	$ 2,293	1,612
Share-based compensation expense			$ 1,612

Restructuring Charges - Restruc

Restructuring Charges - Restructuring Reserve Rollforward (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($)
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 2,530
Restructuring charges (excluding share-based compensation expense)	10,861
Payments	(6,251)
Restructuring reserve, ending balance	$ 7,140

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, 2024	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Weighted-average shares for basic EPS (in shares)	48,275	51,819	51,768
Dilutive effect of shares issuable under share-based compensation plans (in shares)	314	459	0
Weighted-average shares for diluted EPS (in shares)	48,589	52,278	51,768
Weighted-average anti-dilutive shares (in shares)	551	740	0

Investments - Equity Securities

Investments - Equity Securities With Readily Determinable Fair Value (Details) - USD ($) $ in Thousands	1 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Schedule of Investments [Line Items]
Investments		$ 6,320	$ 35,070
Equity Securities Investment With Readily Determinable Fair Values Held In Trust
Schedule of Investments [Line Items]
Investments		4,226	2,954
Equity Securities Investment Without Readily Determinable Fair Value
Schedule of Investments [Line Items]
Investments		596	475
Townsquare \| Class A Common Stock \| Common Stock
Schedule of Investments [Line Items]
Investments		1,438	6,945
Townsquare \| Townsquare Class C common stock \| Common Stock
Schedule of Investments [Line Items]
Investments		0	13,399
Draftkings \| Class A Common Stock \| Common Stock
Schedule of Investments [Line Items]
Investments		$ 0	11,297
Crown Properties Collection
Schedule of Investments [Line Items]
Equity method investment, ownership percentage	8.30%
Payments to acquire equity method investments	$ 51
Equity method investment, share of results, duration of lag	3 months
Crown Properties Collection \| Equity Method Investments
Schedule of Investments [Line Items]
Equity method investment, ownership percentage		8%
Investments		$ 60	$ 0

Investments - Gain (Loss) on Eq

Investments - Gain (Loss) on Equity Investments (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Schedule of Investments [Line Items]
Unrealized (loss) gain	$ (1,096)	$ 16,275	$ (49,842)
Total realized and unrealized (loss) gain	(1,242)	19,858	(49,842)
Supplemental information on realized gain (loss):
Cash proceeds from common stock sold	28,465	24,289
Townsquare
Schedule of Investments [Line Items]
Unrealized (loss) gain	(1,591)	7,644	(14,629)
Gain (loss) from shares sold	$ (1,694)	$ 975	$ 0
Supplemental information on realized gain (loss):
Shares of common stock sold (in shares)	1,577	1,500	0
Cash proceeds from common stock sold	$ 15,621	$ 14,550	$ 0
Draftkings
Schedule of Investments [Line Items]
Unrealized (loss) gain	0	8,406	(35,213)
Gain (loss) from shares sold	$ 1,548	$ 2,608	$ 0
Supplemental information on realized gain (loss):
Shares of common stock sold (in shares)	425	444	0
Cash proceeds from common stock sold	$ 12,844	$ 9,864	$ 0
Executive Deferred Compensation Plan
Schedule of Investments [Line Items]
Unrealized (loss) gain	$ 495	$ 225	$ 0

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Total Property and equipment	$ 1,565,611	$ 1,522,274
Less accumulated depreciation and amortization	(932,078)	(893,386)
Property and equipment, net	633,533	628,888
Depreciation and amortization	53,876	59,709	$ 63,696
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	1,011,308	999,205
Equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Total Property and equipment	348,075	351,596
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total Property and equipment	133,267	105,877
Construction in progress
Property, Plant and Equipment [Line Items]
Total Property and equipment	$ 10,193	$ 2,828

Leases - Summary of ROU Assets

Leases - Summary of ROU Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
ROU assets	$ 388,658	$ 235,790
Lease liabilities:
Operating leases, current	27,736	36,529
Operating leases, non-current	427,014	219,955
Total lease liabilities	$ 454,750	$ 256,484

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs Incurred In The Period (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Lessee, Lease, Description [Line Items]
Total lease cost	$ 47,810	$ 32,290	$ 32,330
Direct operating expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	21,071	20,729	22,360
Variable lease cost	716	346	147
Selling, general and administrative expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	26,023	11,176	9,782
Variable lease cost	$ 0	$ 39	$ 41

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Nov. 30, 2021
Lessee, Lease, Description [Line Items]
Operating lease, liability	$ 454,750,000	$ 256,484,000
Right-of-use lease assets	388,658,000	235,790,000
Lessee, operating lease, lease not yet commenced, rent payment increase, term				5 years
Incentive to lessee	33,905,000	$ 0	$ 0
New York Corporate Office Space
Lessee, Lease, Description [Line Items]
Operating lease, liability	206,410,000
Right-of-use lease assets	$ 198,294,000
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	3 months 18 days
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	21 years 7 months 6 days

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 37,908	$ 35,400	$ 33,312
Lease assets obtained in exchange for new lease obligations	$ 198,294	$ 478	$ 298,100

Leases - Operating Lease Maturi

Leases - Operating Lease Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Fiscal year ending June 30, 2025	$ 7,353
Fiscal year ending June 30, 2026	34,536
Fiscal year ending June 30, 2027	49,749
Fiscal year ending June 30, 2028	50,122
Fiscal year ending June 30, 2029	39,731
Thereafter	708,235
Lessee, Operating Lease, Liability, to be Paid, Total	889,726
Less: imputed interest	434,976
Total lease liabilities	$ 454,750	$ 256,484
Weighted average remaining lease term (in years)	17 years 4 months 9 days	12 years 10 months 6 days
Weighted average discount rate	7.09%	4.77%

Leases - Lease Income (Details)

Leases - Lease Income (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Lease Income (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Arena License Agreements
Lessor, Lease, Description [Line Items]
Revenue not from customer	$ 68,068	$ 68,068	$ 68,072
Third party and related party lease and sublease arrangements
Lessor, Lease, Description [Line Items]
Revenue not from customer	5,208	3,610	3,338
Arena license fees and other leasing revenue
Lessor, Lease, Description [Line Items]
Revenue not from customer	$ 73,276	$ 71,678	$ 71,410

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details)			12 Months Ended
Goodwill and Intangible Assets - Narrative (Details)	Aug. 31, 2023 USD ($)	Aug. 31, 2022 USD ($)	Jun. 30, 2024 USD ($) unit segment	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill			$ 69,041,000	$ 69,041,000
Number of reportable segments \| segment			1
Number of reporting units \| unit			1
Goodwill and intangible asset impairment	$ 0	$ 0
Amortization expense			$ 0	$ 754,000	$ 5,838,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
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

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Contractual Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Other Commitments [Line Items]
Contractual obligations, to be paid, June 30, 2025	$ 12,924
Contractual obligations, to be paid, June 30, 2026	5,272
Contractual obligations, to be paid, June 30, 2027	12,701
Contractual obligations, to be paid, June 30, 2028	12,823
Contractual obligations, to be paid, June 30, 2029	12,896
Contractual obligations, to be paid, thereafter	247,735
Total	304,351
Net	599,248	$ 630,184
Commitments, to be paid, June 30, 2025	31,751
Commitments, to be paid, June 30, 2026	5,272
Commitments, to be paid, June 30, 2027	12,701
Commitments, to be paid, June 30, 2028	12,823
Commitments, to be paid, June 30, 2029	12,896
Commitments, to be paid, thereafter	247,735
Total	323,178
Letters of credit
Other Commitments [Line Items]
Long-term debt, to be paid, June 30, 2025	18,827
Long-term debt, to be paid, June 30, 2026	0
Long-term debt, to be paid, June 30, 2027	0
Long-term debt, to be paid, June 30, 2028	0
Long-term debt, to be paid, June 30, 2029	0
Long-term debt, to be paid, thereafter	0
Net	$ 18,827

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) - DDTL Facility - USD ($) shares in Thousands, $ in Thousands	Aug. 09, 2023	Apr. 20, 2023
Sphere Entertainment \| Class A Common Stock par value $0.01 per share \| MSG Entertainment
Other Commitments [Line Items]
Debt conversion, converted instrument, shares issued (in shares)	1,923
Sphere Entertainment \| National Properties Term Loan Facility \| Line of Credit \| MSGE Holdings
Other Commitments [Line Items]
Loans receivable, maximum borrowing capacity		$ 65,000

Credit Facilities - Long-Term D

Credit Facilities - Long-Term Debt Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Current Portion
Current portion of long-term debt	$ 16,250	$ 16,250
Non-current Portion
Principal	609,375	643,029
Unamortized Deferred Financing Costs	(10,127)	(12,845)
Net	599,248	630,184
Other debt
Non-current Portion
Principal	0	304
Unamortized Deferred Financing Costs	0	0
Net	0	304
National Properties Facilities \| Line of Credit \| National Properties Term Loan Facility
Current Portion
Current portion of long-term debt	16,250	16,250
Non-current Portion
Principal	609,375	625,625
Unamortized Deferred Financing Costs	(9,624)	(12,845)
Net	599,751	612,780
National Properties Revolving Facility \| Line of Credit \| National Properties Revolving Credit Facility
Non-current Portion
Principal	0	17,100
Unamortized Deferred Financing Costs	$ (503)	0
Net		$ 17,100

Credit Facilities - Narrative (

Credit Facilities - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Sep. 15, 2023
Debt Instrument [Line Items]
Principal		$ 609,375	$ 643,029
Loss on extinguishment of debt		$ 0	$ 0	$ (35,629)
National Properties Facilities \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Long-term debt, percentage bearing variable interest rate, percentage rate		7.94%
Debt covenant, minimum consolidated liquidity		$ 50
National Properties Facilities \| 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 Facilities \| 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 Facilities \| 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 Facilities \| 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 Facilities \| 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 Facilities \| Secured Overnight Financing Rate (SOFR) \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Basis spread on variable rate		0.10%
National Properties Facilities \| 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 Facilities \| 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 Facilities \| 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 Facilities \| 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 Facilities \| 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 Facilities \| 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 Facilities \| 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 Facilities \| 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 Facilities \| 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	$ 150			150
Line of credit facility, remaining borrowing capacity		$ 131,174
National Properties Facilities \| 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			$ 650,000
National Properties Facilities \| Line of Credit \| 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
Principal		$ 18,826

Credit Facilities - Debt Maturi

Credit Facilities - Debt Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Debt Instrument [Line Items]
Net	$ 599,248	$ 630,184
National Properties Facilities \| Loans Payable
Debt Instrument [Line Items]
Long-term debt, to be paid, June 30, 2025	16,250
Long-term debt, to be paid, June 30, 2026	32,500
Long-term debt, to be paid, June 30, 2027	576,875
Net	$ 625,625

Credit Facilities - Interest Pa

Credit Facilities - Interest Payments and Loan Principal Repayments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Debt Instrument [Line Items]
Total long-term debt, carrying value	$ 625,625	$ 659,279
Total long-term debt, fair value	622,497	655,813
Debt issuance costs, net	10,127	12,845
National Properties Facilities \| MSG Entertainment Group, LLC. and MSG National Properties And Subsidiaries
Debt Instrument [Line Items]
Interest Payments	53,864	48,548	$ 52,163
Loan Principal Repayments	106,350	20,125	$ 646,750
National Properties Facilities \| Debt
Debt Instrument [Line Items]
Carrying Value	625,625	658,975
Fair Value	622,497	655,509
Other debt \| Debt
Debt Instrument [Line Items]
Carrying Value	0	304
Fair Value	$ 0	$ 304

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, 2024	Jun. 30, 2023	Jun. 30, 2022
Change in plan assets:
Fair value of plan assets at beginning of period	$ 102,236
Administrative expenses paid	(7)	$ (5)	$ 0
Fair value of plan assets at end of period	110,308	102,236
Pension Plans
Change in benefit obligation:
Benefit obligation at beginning of period	130,725	135,916
Service cost	71	68	120
Interest cost	6,673	5,874	3,708
Actuarial (gain) loss	(2,859)	(3,753)
Benefits paid	(7,902)	(7,139)
Plan settlements paid	(103)	(97)
Other	0	(144)
Benefit obligation at end of period	126,605	130,725	135,916
Change in plan assets:
Fair value of plan assets at beginning of period	102,236	108,978
Actual return on plan assets	4,562	1,782
Employer contributions	13,280	250
Benefits paid	(7,791)	(7,080)
Administrative expenses paid	(1,979)	(1,694)
Fair value of plan assets at end of period	110,308	102,236	108,978
Funded status at end of period	(16,297)	(28,489)
Postretirement Plan
Change in benefit obligation:
Benefit obligation at beginning of period	2,517	2,463
Service cost	21	25	32
Interest cost	120	97	42
Actuarial (gain) loss	(85)	304
Benefits paid	(311)	(372)
Plan settlements paid	0	0
Other	0	0
Benefit obligation at end of period	2,262	2,517	2,463
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	$ (2,262)	$ (2,517)

Pension Plans and Other Postr_4

Pension Plans and Other Postretirement Benefit Plans - Amounts Recognized in Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Current liabilities (included in Accounts payable, accrued and other current liabilities)	$ (349)	$ (270)
Non-current liabilities (included in Other non-current liabilities)	(15,948)	(28,219)
Total	(16,297)	(28,489)
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Current liabilities (included in Accounts payable, accrued and other current liabilities)	(326)	(318)
Non-current liabilities (included in Other non-current liabilities)	(1,936)	(2,199)
Total	$ (2,262)	$ (2,517)

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, 2024	Jun. 30, 2023
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Actuarial loss	$ (38,558)	$ (40,625)
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Actuarial loss	$ (447)	$ (555)

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, 2024	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Recognized actuarial loss	$ (495)	$ (225)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other (expense) income, net	Other (expense) income, net	Other (expense) income, net
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other (expense) income, net	Other (expense) income, net	Other (expense) income, net
Lump sum payments	$ 103	$ 97	$ 0
Defined benefit plan, projected benefit obligation, discount rate	5.47%	5.44%	1.96%
Defined benefit plan, interest cost, discount rate,	4.13%	5.41%	1.30%
Defined benefit plan, settlement charges	$ 7	$ 5	$ 0
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	71	68	120
Interest cost	6,673	5,874	3,708
Expected return on plan assets	(5,167)	(4,362)	(6,016)
Recognized actuarial loss	1,786	1,800	1,386
Settlement loss recognized	7	5	0
Net periodic benefit cost	3,370	3,385	(802)
Defined benefit plan, settlement charges	1,979	1,694
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	21	25	32
Interest cost	120	97	42
Expected return on plan assets	0	0	0
Recognized actuarial loss	23	0	34
Settlement loss recognized	0	0	0
Net periodic benefit cost	164	122	$ 108
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, 2024	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Actuarial (loss) gain, net	$ 315	$ (1,496)	$ (2,805)
Settlement loss	7	5	0
Other Comprehensive Income (Loss) \| Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Actuarial (loss) gain, net	(1,742)	(1,800)	(3,306)
Recognized actuarial (gain) loss	(288)	520	1,386
Settlement loss	7	5	0
Total recognized in other comprehensive income (loss)	(2,023)	(1,275)	(1,920)
Other Comprehensive Income (Loss) \| Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Actuarial (loss) gain, net	(23)	304	501
Recognized actuarial (gain) loss	(85)	0	34
Settlement loss	0	0	0
Total recognized in other comprehensive income (loss)	$ (108)	$ 304	$ 535

Pension Plans and Other Postr_8

Pension Plans and Other Postretirement Benefit Plans - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, amortization of gain (loss)	$ 495	$ 225
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other (expense) income, net	Other (expense) income, net
Selling, general and administrative expenses
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ 495	$ 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	$ 7,981	5,187	$ 4,284
Union Savings Plan \| MSG Networks
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan (benefit) cost	701	428	394
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, accumulated benefit obligation	126,605	130,725	135,916
Employer contributions	13,280	250
Net periodic benefit cost	3,370	3,385	(802)
Defined benefit plan, amortization of gain (loss)	(1,786)	(1,800)	(1,386)
Other Pension, Postretirement and Supplemental Plans \| Union Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	430
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]
Employer contributions	12,850
Defined benefit plan, expected future employer contributions, next fiscal year	5,700
All Other Multiemployer Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Contributions	$ 7,919	$ 7,316	$ 5,641

Pension Plans and Other Postr_9

Pension Plans and Other Postretirement Benefit Plans - Weighted-Average Assumptions (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Pension Plans
Discount rate used to determine benefit obligations
Discount rate	5.55%	5.34%
Interest crediting rate	4.55%	3.77%
Discount rate used to determine net periodic benefit cost
Discount rate - projected benefit obligation	5.34%	4.86%	2.87%
Discount rate - service cost	5.44%	4.97%	3.11%
Discount rate - interest cost	5.37%	4.56%	1.92%
Expected long-term return on plan assets	6.41%	5.92%	4.94%
Interest crediting rate	3.77%	2.76%	2.32%
Postretirement Plan
Discount rate used to determine benefit obligations
Discount rate	5.40%	5.40%
Healthcare cost trend rate assumed for next year	6.75%	7%
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	5.40%	4.63%	2.17%
Discount rate - service cost	5.39%	4.89%	2.65%
Discount rate - interest cost	5.49%	4.28%	1.51%
Healthcare cost trend rate assumed for next year	7%	6%	6.25%
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, 2024	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, actual allocation, percentage	100%	100%
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, actual allocation, percentage	79%	75%
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%	15%
Defined benefit plan, plan assets, target allocation, percentage	15%
Cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, actual allocation, percentage	6%	10%
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, 2024	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	$ 110,308	$ 102,236
U.S. Treasury securities \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	2,313	3,673
Money market fund \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	4,345	6,511
US Gov't Agency Obligations \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	285	308
Mutual fund - equity \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	16,349	15,296
Common collective trust \| Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Total investments measured at fair value	$ 87,016	$ 76,448

Pension Plans and Other Post_12

Pension Plans and Other Postretirement Benefit Plans - Estimated Future Benefit Payments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fiscal year ending June 30, 2025	$ 12,310
Fiscal year ending June 30, 2026	8,306
Fiscal year ending June 30, 2027	8,457
Fiscal year ending June 30, 2028	8,334
Fiscal year ending June 30, 2029	8,481
Fiscal years ending June 30, 2030 – 2034	46,126
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Fiscal year ending June 30, 2025	335
Fiscal year ending June 30, 2026	314
Fiscal year ending June 30, 2027	270
Fiscal year ending June 30, 2028	262
Fiscal year ending June 30, 2029	268
Fiscal years ending June 30, 2030 – 2034	$ 965

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, 2024	Jun. 30, 2023	Jun. 30, 2022
The Madison Square Garden Company
Defined Benefit Plan Disclosure [Line Items]
Company Contributions	$ 5,982	$ 5,447	$ 3,906
All Other Multiemployer Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Company Contributions	7,919	7,316	5,641
All Other Multiemployer Defined Benefit Pension Plans \| The Madison Square Garden Company
Defined Benefit Plan Disclosure [Line Items]
Company Contributions	$ 3,198	$ 2,897	1,907
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
Surcharge Imposed	No
Expiration Date of CBA	Sep. 30, 2025
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	$ 2,784	$ 2,550	$ 1,999

Pension Plans and Other Post_14

Pension Plans and Other Postretirement Benefit Plans - Summary of Deferred Compensation Plan Amounts Recognized On Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Retirement Benefits [Abstract]
Non-current assets (included in Other non-current assets)	$ 4,226	$ 2,954
Non-current liabilities (included in Other non-current liabilities)	$ (4,226)	$ (2,976)

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) $ in Thousands		12 Months Ended	14 Months Ended
	Apr. 20, 2023 option shares	Jun. 30, 2024 USD ($) plan shares	Jun. 30, 2024 USD ($) d 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 \| d			10
Share-based payment award, vesting period (in years)		3 years
Employee Stock Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expiration period, increase		1 year
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
Madison Square Garden Entertainment \| Spinoff \| Class A Common Stock
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
Sphere Entertainment \| Class A Common Stock \| Share-Based Payment Arrangement, Nonemployee
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
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 \| Madison Square Garden Entertainment \| Spinoff
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 \| Sphere Entertainment \| Share-Based Payment Arrangement, Nonemployee
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 \| Sphere Entertainment \| Spinoff
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 \| Madison Square Garden Entertainment \| Spinoff
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 \| Sphere Entertainment \| Spinoff
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 10 months 24 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 \| $		$ 29,927	$ 29,927

Share-based Compensation - Shar

Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense			$ 1,612
Severance costs	$ 6,788	$ 2,293	1,612
Performance Stock Units and Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense	$ 24,544	$ 29,521	$ 37,746

Share-based Compensation - Rest

Share-based Compensation - Restricted Stock Units Award Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Weighted-Average Grant-date Fair Value [Abstract]
Weighted Average Grant-date Fair Value, beginning balance (in dollars per share)	$ 65.78
Weighted Average Grant-date Fair Value, Granted (in dollars per share)	31.55
Weighted Average Grant-date Fair Value, Vested (in dollars per share)	33.56
Weighted Average Grant-date Fair Value, Forfeited (in dollars per share)	31.47
Weighted Average Grant-date Fair Value, ending balance (in dollars per share)	$ 64.58	$ 65.78
Taxes paid in lieu of shares issued for equity-based compensation	$ 14,534	$ 0	$ 0
RSUs
Unvested Share Units Awards [Roll Forward]
Unvested award balance, beginning balance (in shares)	903,000
Granted (in shares)	683,000
Vested (in shares)	(688,000)
Forfeited (in shares)	(83,000)
Unvested award balance, ending balance (in shares)	815,000	903,000
PSUs
Unvested Share Units Awards [Roll Forward]
Unvested award balance, beginning balance (in shares)	1,084,000
Granted (in shares)	529,000
Vested (in shares)	(338,000)
Forfeited (in shares)	(93,000)
Unvested award balance, ending balance (in shares)	1,182,000	1,084,000
Performance Stock Units and Restricted Stock Units
Weighted-Average Grant-date Fair Value [Abstract]
Equity instruments vested in period, fair value	$ 33,504
Performance Stock Units and Restricted Stock Units \| Sphere Entertainment
Weighted-Average Grant-date Fair Value [Abstract]
Shares withheld for tax withholding obligation (in shares)	437,000
Taxes paid in lieu of shares issued for equity-based compensation	$ 14,325

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	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Number of Time Vesting Options
Beginning balance (in shares)	724
Forfeited (in shares)	(184)
Ending balance (in shares)	540
Exercisable (in shares)	540
Weighted-Average Exercise Price Per Share
Weighted average exercise price, outstanding (in dollars per share)	$ 55.93	$ 55.87
Weighted average exercise price, forfeited (in dollars per share)	55.69
Weighted average exercise price, exercisable (in dollars per share)	$ 55.93
Stock Option Additional Disclosures
Weighted average remaining contractual term, outstanding	2 years 21 days
Weighted average remaining contractual term, exercisable	2 years 21 days
Aggregate intrinsic value, outstanding	$ 0
Aggregate intrinsic value, exercisable	$ 0

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Mar. 29, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Treasury shares (in shares)	4,365,000	840,000
Treasury stock, value	$ 140,512	$ 25,000
Class A Common Stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock repurchase program, authorized amount			$ 250,000
Treasury shares (in shares)	3,525
Treasury stock, value	$ 115,512
Stock repurchase program, remaining authorized repurchase amount	$ 110,000

Equity - Schedule of Accumulate

Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	$ (69,472)	$ (1,589)	$ 498,652
Other comprehensive loss:
Balance at the end of the period	(23,165)	(69,472)	(1,589)
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(34,021)	(34,740)	(33,598)
Other comprehensive loss:
Amounts reclassified from accumulated other comprehensive loss	2,131	(971)	(1,385)
Income tax (expense) benefit	(372)	176	243
Other comprehensive income (loss), net of income taxes	1,759	(795)	(1,142)
Adjustment related to the transfer of pension plans and postretirement plan liabilities as a result of the MSGE Distribution	0	1,514	0
Balance at the end of the period	$ (32,262)	$ (34,021)	$ (34,740)

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Expense) Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Current (expense) benefit:
Federal	$ (97)	$ (1,008)	$ 515
State and other	(91)	0	(220)
Current (expense) benefit	(188)	(1,008)	295
Deferred benefit (expense):
Federal	47,607	6,198	(4,711)
State and other	44,590	(6,918)	4,486
Deferred (expense) benefit	92,197	(720)	(225)
Income tax benefit (expense)	$ 92,009	$ (1,728)	$ 70

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Federal tax (expense) benefit at statutory federal rate	$ (10,981)	$ (16,332)	$ 28,617
State income taxes, net of federal benefit	(9,039)	(13,033)	12,141
Change in valuation allowance	108,506	34,147	(31,679)
Return to provision	4,487	0	0
Federal tax credits	1,139	0	0
Capital loss carryover	0	3,960	0
Nondeductible transaction costs	0	(206)	0
GAAP income of consolidated partnership attributable to non-controlling interest	0	(116)	(601)
Change in the estimated applicable tax rate used to determine deferred taxes	280	(557)	0
Nondeductible officers’ compensation	(2,385)	(3,861)	(8,125)
Nondeductible expenses	(413)	(266)	(373)
Excess tax benefit related to share-based payment awards	412	(5,457)	93
Other, net	3	(7)	(3)
Income tax benefit (expense)	$ 92,009	$ (1,728)	$ 70

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Apr. 20, 2023
Deferred tax assets:
Net operating losses (NOLs)	$ 15,736	$ 18,684
Federal tax credits	1,295	0
Accrued employee benefits	25,219	28,271
Restricted stock units and stock options	8,337	8,571
Deferred revenue	3,498	34,914
Right-of-use lease assets and lease liabilities, net	22,696	7,071
Deferred interest	20,367	3,299
Property and equipment	38,564	38,703
Investments	921	0
Other, net	9,248	5,853
Total gross deferred tax assets	145,881	145,366
Less valuation allowance	0	(95,352)	$ (71,395)
Net deferred tax assets	145,881	50,014
Deferred tax liabilities:
Intangibles and other assets	(40,022)	(40,143)
Prepaid expenses	(5,746)	(4,854)
Investments	0	(5,530)
Straight line rent	(31,806)	(23,005)
Total deferred tax liabilities	(77,574)	(73,532)
Net deferred tax asset	$ 68,307		$ 71,395
Net deferred tax liability		$ (23,518)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Apr. 20, 2023
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 52,000
Deferred tax assets, net	68,307			$ 71,395
Deferred tax assets, valuation allowance	0	$ 95,352		$ 71,395
Deferred tax assets, tax deferred expense	3,498
Income tax payments, net of refunds	$ 58	$ (2,031)	$ (10,281)

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, 2024 USD ($) home_game	Jun. 30, 2023 USD ($) home_game	Jun. 30, 2022 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	$ 16,250,000
Revenues	[1]			$ 959,265,000	851,496,000	$ 653,490,000
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				63.70%
Related Party
Related Party Transaction [Line Items]
Sales commissions and fees				$ 1,507,000	0	0
Prepaid expense				5,993,000	0
Revenues				101,835,000	105,862,000	115,370,000
Sublease income				3,758,000	2,847,000	2,444,000
Eden Loan Agreement \| Related Party
Related Party Transaction [Line Items]
Interest and fee income, loans and leases				$ 0	3,177,000	2,117,000
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
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				3.90%
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				$ 0	304,000
MSG Sports \| Sponsorship Sales And Service Representation Agreements
Related Party Transaction [Line Items]
Revenues				19,481,000	19,063,000	17,570,000
MSG Sports \| Merchandise Sales Revenue Sharing Arrangement
Related Party Transaction [Line Items]
Revenues				7,200,000	5,550,000	4,412,000
MSG Networks \| Advertising Sales Representation
Related Party Transaction [Line Items]
Revenues					8,802,000	20,878,000
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	$ 34,000	272,000	0
Sphere Entertainment \| Related Party \| DDTL Facility
Related Party Transaction [Line Items]
Face amount							$ 65,000,000
Sphere Entertainment \| Eden Loan Agreement
Related Party Transaction [Line Items]
Basis spread on variable rate				3.50%
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					$ 68,068,000	$ 68,072,000
Knicks and Rangers \| The Garden
Related Party Transaction [Line Items]
Number of home games \| home_game				105	96	98
Revenue not from customer				$ 68,068,000

[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, 2024	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Revenues	[1]	$ 959,265	$ 851,496	$ 653,490
Operating expenses (credits):
Operating income (loss)		111,941	105,008	(5,648)
Direct operating expenses	[1]	568,836	499,929	417,301
Selling, general and administrative expenses	[1]	(206,963)	(180,216)	(167,132)
Related Party
Related Party Transaction [Line Items]
Revenues		101,835	105,862	115,370
Operating expenses (credits):
Operating income (loss)		(150,540)	(188,966)	(202,996)
Direct operating expenses		1,453	1,019	9,347
Selling, general and administrative expenses		(151,993)	(187,947)	(193,649)
Related Party \| Revenue sharing expenses
Operating expenses (credits):
Related party costs and expenses		21,567	19,056	17,279
Related Party \| Reimbursement under Arena License Arrangements
Operating expenses (credits):
Related party costs and expenses		(25,107)	(22,279)	(25,827)
Related Party \| Cost reimbursement from MSG Sports
Operating expenses (credits):
Related party costs and expenses		(37,409)	(38,473)	(38,254)
Related Party \| Corporate reimbursement from Sphere Entertainment (after April 20, 2023) and Corporate allocations to Sphere Entertainment (before April 21, 2023)
Operating expenses (credits):
Related party costs and expenses		(108,767)	(151,219)	(161,189)
Related Party \| Other operating expenses, net
Operating expenses (credits):
Related party costs and expenses		$ (824)	$ 3,949	$ 4,995

[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, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Additional Financial Information [Abstract]
Cash and cash equivalents	$ 33,255	$ 76,089
Restricted cash	300	8,266
Total cash, cash equivalents and restricted cash	$ 33,555	$ 84,355	$ 62,573	$ 318,069

Additional Financial Informat_4

Additional Financial Information - Narrative (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($) employee	Jun. 30, 2023 USD ($)
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 33,255	$ 76,089
Number of Employees, Total \| Unionized Employees Concentration Risk
Cash and Cash Equivalents [Line Items]
Concentration risk, percentage	70%
Number of full-time and part-time employees \| employee	4,700
Workforce Subject to Collective-Bargaining Arrangements \| Unionized Employees Concentration Risk
Cash and Cash Equivalents [Line Items]
Concentration risk, percentage	9%
Workforce Subject to Collective-Bargaining Arrangements Expiring within One Year \| Unionized Employees Concentration Risk
Cash and Cash Equivalents [Line Items]
Concentration risk, percentage	12%
Accounts Receivable \| Customer Concentration Risk \| Customer 1
Cash and Cash Equivalents [Line Items]
Concentration risk, percentage	12%
Money Market Accounts And Time Deposits
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 29,501	$ 58,132

Additional Financial Informat_5

Additional Financial Information - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Additional Financial Information [Abstract]
Prepaid revenue sharing expense	$ 54,326	$ 42,774
Other prepaid expenses	19,632	15,814
Current contract assets	7,844	11,254
Inventory	3,871	2,557
Other	5,128	5,163
Prepaid expenses and other current assets	$ 90,801	$ 77,562

Additional Financial Informat_6

Additional Financial Information - Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Cash and Cash Equivalents [Abstract]
Unbilled lease receivable	$ 98,473	$ 67,325
Investments	6,320	35,070
Deferred costs	3,649	4,120
Other	1,841	1,841
Other non-current assets	$ 110,283	$ 108,356

Additional Financial Informat_7

Additional Financial Information - Accounts Payable, Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Additional Financial Information [Abstract]
Accounts payable	$ 26,594	$ 15,628
Accrued payroll and employee related liabilities	71,145	64,532
Cash due to promoters	67,697	90,538
Accrued expenses	38,314	44,027
Total accounts payable, accrued and other current liabilities	$ 203,750	$ 214,725

Additional Financial Informat_8

Additional Financial Information - Other Income (Expense), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Compensating Balances [Line Items]
Unrealized (loss) gain	$ (1,096)	$ 16,275	$ (49,842)
Other	(3,430)	(2,469)	809
Total other (expense) income, net	(4,672)	17,389	(49,033)
Draftkings
Compensating Balances [Line Items]
Gain (loss) from shares sold	1,548	2,608	0
Unrealized (loss) gain	0	8,406	(35,213)
Townsquare
Compensating Balances [Line Items]
Gain (loss) from shares sold	(1,694)	975	0
Unrealized (loss) gain	$ (1,591)	$ 7,644	$ (14,629)