Sphere Entertainment (SPHR) 10-K 22 Aug 23 2023 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jul. 31, 2023	Dec. 31, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--06-30
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-39245
Entity Registrant Name	SPHERE ENTERTAINMENT CO.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-3755666
Entity Address, Street Address	Two Penn Plaza,
Entity Address, City	New York,
Entity Address, State	NY
Entity Address, Postal Zip Code	10121
City Area Code	725
Local Phone Number	258-0001
Title of 12(b) Security	Class A Common Stock
Trading Symbol	SPHR
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			$ 1,180
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 2023 annual meeting of the Company’s stockholders, expected to be filed within 120 days after the end of our fiscal year.
Entity Central Index Key	0001795250
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		27,811,874
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,866,754

Audit Information

Audit Information	12 Months Ended
	Jun. 30, 2023
Auditor 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, 2023	Jun. 30, 2022
Current Assets:
Cash, cash equivalents and restricted cash		$ 429,114	$ 760,312
Prepaid expenses and other current assets		56,085	26,862
Current assets of discontinued operations		0	307,530
Total current assets		623,913	1,218,656
Non-Current Assets:
Investments in nonconsolidated affiliates		394,519	40,297
Property and equipment, net		3,307,161	2,157,577
Right-of-use lease assets		84,912	66,151
Goodwill		456,807	456,807
Intangible assets, net		17,910	21,025
Other non-current assets		87,793	49,466
Non-current assets of discontinued operations		0	1,512,181
Total assets		4,973,015	5,522,160
Current Liabilities:
Current portion of long-term debt		82,500	66,000
Operating lease liabilities, current		10,127	6,553
Deferred revenue		27,337	4,320
Current liabilities of discontinued operations		0	607,559
Total current liabilities		692,141	961,100
Non-Current Liabilities:
Long-term debt, net of deferred financing costs		1,118,387	929,534
Operating lease liabilities, non-current		110,259	84,420
Deferred tax liabilities, net		379,552	144,391
Other non-current liabilities		88,811	91,474
Non-current liabilities of discontinued operations		0	1,151,665
Total liabilities		2,389,150	3,362,584
Commitments and contingencies (see Note 11)
Redeemable noncontrolling interests of discontinued operations		0	184,192
Equity:
Additional paid-in capital		2,376,420	2,301,970
Retained earnings (accumulated deficit)		212,036	(290,736)
Accumulated other comprehensive loss		(4,938)	(48,355)
Total Sphere Entertainment Co. stockholders’ equity		2,583,865	1,963,221
Nonredeemable noncontrolling interests of discontinued operations		0	12,163
Total equity		2,583,865	1,975,384
Total liabilities, redeemable noncontrolling interests and equity		4,973,015	5,522,160
Nonrelated Party
Current Assets:
Accounts receivable, net		112,309	123,327
Current Liabilities:
Accounts payable, accrued and other current liabilities		515,731	276,558
Related Party
Current Assets:
Accounts receivable, net		26,405	625
Current Liabilities:
Accounts payable, accrued and other current liabilities		56,446	110
Common Class A
Equity:
Common stock	[1]	278	273
Common Class B
Equity:
Common stock	[2]	$ 69	$ 69
[1]Class A Common Stock, $0.01 par value per share, 120,000 shares authorized; 27,812 and 27,368 shares outstanding as of June 30, 2023 and 2022, respectively.[2]Class B Common Stock, $0.01 par value per share, 30,000 shares authorized; 6,867 shares outstanding as of June 30, 2023 and 2022.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2023	Jun. 30, 2022
Class A Common Stock
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000	120,000
Common stock, shares outstanding (in shares)	27,812	27,368
Class B Common Stock
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000	30,000
Common stock, shares outstanding (in shares)	6,867	6,867

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended								12 Months Ended
		Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Revenues		$ 129,099	$ 162,062	$ 159,541	$ 123,129	$ 139,749	$ 168,080	$ 160,753	$ 141,473	$ 573,831	$ 610,055	$ 647,510
Depreciation and amortization										(103,375)	(124,629)	(121,999)
Restructuring charges										(27,924)	13,404
Operating (loss) income		(70,345)	(101,907)	(49,735)	(51,055)	(61,849)	(22,188)	(29,276)	(52,424)
Other income (expense), net										536,887	(5,518)	(3,935)
Income tax (expense) benefit										(103,403)	29,830	(38,907)
Income (loss) from continuing operations		359,637	(113,999)	(50,453)	(23,158)	(51,551)	(27,021)	(21,941)	(37,337)
Income (loss) from discontinued operations, net of taxes		178,087	55,441	97,889	2,236	(47,653)	7,715	26,959	(39,318)	333,653	(52,297)	(171,142)
Net income (loss)		537,724	(58,558)	47,436	(20,922)	(99,204)	(19,306)	5,018	(76,655)	505,680	(190,147)	(166,519)
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations										3,925	7,739	(16,269)
Net income (loss) attributable to Sphere Entertainment Co.’s stockholders		$ 536,795	$ (56,850)	$ 44,463	$ (21,636)	$ (99,942)	$ (17,491)	$ 2,270	$ (79,232)	$ 502,772	$ (194,395)	$ (148,151)
Basic earnings (loss) per common share
Continuing operations, basic (in dollars per share)										$ 4.96	$ (4.02)	$ 0.14
Discontinued operations, basic (in dollars per share)										9.55	(1.75)	(4.74)
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)										14.51	(5.77)	(4.60)
Diluted earnings (loss) per common share
Continuing operations, diluted (in dollars per share)										4.93	(4.02)	0.13
Discontinued operations, diluted (in dollars per share)										9.47	(1.75)	(4.72)
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)										$ 14.40	$ (5.77)	$ (4.59)
Weighted-average number of common shares outstanding:
Basic (in shares)										34,651	34,255	34,077
Diluted (in shares)										34,929	34,255	34,252
Continuing Operations
Revenues	[1]									$ 573,831	$ 610,055	$ 647,510
Direct operating expenses	[1]									(342,211)	(320,278)	(262,859)
Selling, general and administrative expenses	[1]									(452,142)	(419,793)	(295,472)
Depreciation and amortization										(30,716)	(22,562)	(16,606)
Impairment and other gains, net										6,120	245	0
Restructuring charges										(27,924)	(13,404)	(8,061)
Operating (loss) income										(273,042)	(165,737)	64,512
Interest income										11,585	3,575	3,172
Interest expense										0	0	(20,219)
Other income (expense), net										536,887	(5,518)	(3,935)
Income (loss) from operations before income taxes										275,430	(167,680)	43,530
Income tax (expense) benefit										(103,403)	29,830	(38,907)
Income (loss) from continuing operations										172,027	(137,850)	4,623
Basic earnings (loss) per common share
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)		$ 10.34	$ (3.28)	$ (1.45)	$ (0.67)	$ (1.50)	$ (0.79)	$ (0.64)	$ (1.10)
Diluted earnings (loss) per common share
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)		$ 10.21	$ (3.28)	$ (1.45)	$ (0.67)	$ (1.50)	$ (0.79)	$ (0.64)	$ (1.10)
Discontinued Operations
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations		$ 1,264	$ (1,492)	$ 3,029	$ 1,124	$ 3,327	$ (442)	$ 2,642	$ 2,212	3,925	7,739	(16,269)
Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations		$ (335)	$ (216)	$ (56)	$ (410)	$ (2,589)	$ (1,373)	$ 106	$ 365	$ (1,017)	$ (3,491)	$ (2,099)
Basic earnings (loss) per common share
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)		$ 5.09	$ 1.65	$ 2.74	$ 0.04	$ (1.50)	$ 0.28	$ 0.71	$ (1.23)
Diluted earnings (loss) per common share
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)		$ 5.03	$ 1.65	$ 2.73	$ 0.04	$ (1.50)	$ 0.28	$ 0.70	$ (1.23)
[1] See Note 17. Related Party Transactions, for further information on related party revenues and expenses

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Net income (loss)	$ 505,680	$ (190,147)	$ (166,519)
Pension plans and postretirement plans:
Other comprehensive income (loss), net of income taxes	6,876	(18,083)	20,201
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations	3,925	7,739	(16,269)
Comprehensive income (loss) attributable to Sphere Entertainment Co.’s stockholders	509,648	(212,478)	(127,950)
Continuing Operations
Pension plans and postretirement plans:
Net unamortized losses arising during the period	0	0	(404)
Amortization of net actuarial loss included in net periodic benefit cost	1,755	1,978	1,697
Recognized prior service credit	0	756	(5,168)
Curtailments	0	0	156
Settlement loss	0	0	870
Cumulative translation adjustments	6,656	(25,034)	27,688
Other comprehensive income (loss), before income taxes	8,411	(22,300)	24,839
Income tax (expense) benefit related to items of other comprehensive income	(1,535)	4,217	(4,638)
Other comprehensive income (loss), net of income taxes	6,876	(18,083)	20,201
Comprehensive income (loss)	512,556	(208,230)	(146,318)
Discontinued Operations
Pension plans and postretirement plans:
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations	3,925	7,739	(16,269)
Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations	$ (1,017)	$ (3,491)	$ (2,099)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES:
Net income (loss)	$ 505,680	$ (190,147)	$ (166,519)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	103,375	124,629	121,999
Impairments and other (gains) losses, net	(224,831)	(3,045)	0
Amortization of deferred financing costs	5,063	8,728	6,270
Deferred income tax expense (benefit)	123,467	(31,270)	(71,357)
Share-based compensation expense	62,658	77,141	70,584
Non-cash lease expense	26,811	26,673	16,459
Net unrealized and realized (gains) loss on equity investments with readily determinable fair value and (earnings) loss in nonconsolidated affiliates	(548,690)	54,869	(44,320)
Loss on extinguishment of debt	0	35,815	0
Other non-cash adjustments	(538)	1,450	5,171
Change in assets and liabilities, net of dispositions:
Accounts receivable, net	7,103	(30,749)	(18,634)
Related party receivables, net of payables	35,811	14,778	8,593
Prepaid expenses and other current and non-current assets	(178,758)	(43,982)	(33,348)
Accounts payable, accrued and other current and non-current liabilities	117,278	78,442	39,895
Deferred revenue	135,448	18,572	12,753
Operating lease right-of-use assets and lease liabilities	(16,286)	(564)	(6,240)
Net cash provided by (used in) operating activities	153,591	141,340	(58,694)
INVESTING ACTIVITIES:
Capital expenditures, net	(1,058,978)	(756,717)	(456,007)
Capitalized interest	(116,044)	(48,507)	(34,890)
Proceeds from sale of investments	209,045	0	361,189
Proceeds from dispositions, net	318,003	0
Investments and loans in nonconsolidated affiliates	(5,949)
Investments and loans in nonconsolidated affiliates		1,060	197
Cash received for notes receivable, net of payments	0	0	6,328
Net cash used in investing activities	(653,923)	(804,164)	(123,183)
FINANCING ACTIVITIES:
Proceeds from issuance of term loans, net of issuance discount	302,668	725,000	630,500
Principal repayments on long-term debt	(72,875)	(725,000)	(46,750)
Proceeds from revolving credit facilities	0	39,100	15,000
Repayment of revolving credit facilities	(2,000)	(15,000)	0
Taxes paid in lieu of shares issued for share-based compensation	(16,625)	(16,658)	(8,208)
Noncontrolling interest holders’ capital contributions	3,000	6,400	18,537
Distributions to noncontrolling interest holders	(1,881)	(6,998)
Debt extinguishment costs	0	(12,838)	0
Distribution to related parties associated with the settlement of certain share-based awards	(2,388)	(2,256)	(1,771)
Purchase of noncontrolling interest from redeemable noncontrolling interest holders	0	4,638	0
Payments for debt financing costs	(5,238)	(17,504)	(14,623)
Distribution to MSG Entertainment	(119,119)	0	0
Net cash provided by (used in) financing activities	85,542	(30,392)	592,685
Effect of exchange rates on cash, cash equivalents and restricted cash	(2,106)	(750)	8,027
Net (decrease) increase in cash, cash equivalents and restricted cash	(416,896)	(693,966)	418,835
Cash, cash equivalents and restricted cash at beginning of period	846,010	1,539,976	1,121,141
Cash, cash equivalents and restricted cash at end of period	429,114	846,010	1,539,976
Non-cash investing and financing activities:
Investments and loans to nonconsolidated affiliates	113	791	0
Non-cash contribution received from noncontrolling interests	0	0	(59,763)
Capital expenditures incurred but not yet paid	248,041	206,462	110,428
Share-based compensation capitalized in property and equipment, net	3,642	2,979	5,467
Continuing Operations
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	30,716	22,562	16,606
Deferred income tax expense (benefit)	100,120	(18,348)	68,595
Share-based compensation expense	42,607	56,760	59,786
FINANCING ACTIVITIES:
Cash, cash equivalents and restricted cash at beginning of period	760,312	1,190,105	1,116,487
Cash, cash equivalents and restricted cash at end of period	429,114	760,312	1,190,105
Discontinued Operations
FINANCING ACTIVITIES:
Cash, cash equivalents and restricted cash at beginning of period	85,698	349,871	4,654
Cash, cash equivalents and restricted cash at end of period	$ 0	$ 85,698	$ 349,871

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Total Sphere Entertainment Co. Stockholders’ Equity	Total Sphere Entertainment Co. Stockholders’ Equity Cumulative Effect, Period of Adoption, Adjustment	Common Stock Issued	Additional Paid-In Capital	(Accumulated Deficit) Retained Earnings	(Accumulated Deficit) Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Nonredeemable Noncontrolling Interests
Beginning balance at Jun. 30, 2020	$ 2,299,504	$ (480)	$ 2,287,301	$ (480)	$ 338	$ 2,285,709	$ 51,727	$ (480)	$ (50,473)	$ 12,203
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(150,250)		(148,151)				(148,151)			(2,099)
Other comprehensive income	20,201		20,201						20,201
Comprehensive income (loss)	(130,049)		(127,950)							(2,099)
Share-based compensation	73,702		73,702			73,702
Tax withholding associated with shares issued for share-based compensation	(7,645)		(7,645)		2	(8,210)	563
Redeemable noncontrolling interest adjustment to redemption fair value	(46,425)		(46,425)			(46,425)
Adjustment of redeemable noncontrolling interest to redemption value	(8,728)		(8,728)			(8,728)
Distribution to related parties associated with the settlement of certain share-based awards	(1,273)		(1,273)			(1,273)
Contribution from noncontrolling interest holders	1,800									1,800
Ending balance at Jun. 30, 2021	2,180,406		2,168,502		340	2,294,775	(96,341)		(30,272)	11,904
Beginning balance at Jun. 30, 2020	20,600
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net loss	(16,269)
Comprehensive loss	(16,269)
Noncontrolling interests, non-cash acquisition	76,500
Accretion of put options	2,348
Redeemable noncontrolling interest adjustment to redemption fair value	46,425
Adjustment of redeemable noncontrolling interest to redemption value	8,728
Distribution to related parties associated with the settlement of certain share-based awards	(498)
Ending balance at Jun. 30, 2021	137,834
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(197,886)		(194,395)				(194,395)			(3,491)
Other comprehensive income	(18,083)		(18,083)						(18,083)
Comprehensive income (loss)	(215,969)		(212,478)							(3,491)
Share-based compensation	77,772		77,772			77,772
Tax withholding associated with shares issued for share-based compensation	(16,658)		(16,658)		2	(16,660)
Redeemable noncontrolling interest adjustment to redemption fair value	(49,248)		(49,248)			(49,248)
Adjustment of redeemable noncontrolling interest to redemption value	(3,173)		(3,173)			(3,173)
Distribution to related parties associated with the settlement of certain share-based awards	(1,496)		(1,496)			(1,496)
Contribution from noncontrolling interest holders	6,400									6,400
Distributions to noncontrolling interest holders	(2,650)									(2,650)
Ending balance at Jun. 30, 2022	1,975,384		1,963,221		342	2,301,970	(290,736)		(48,355)	12,163
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net loss	7,739
Comprehensive loss	7,739
Accretion of put options	2,348
Redeemable noncontrolling interest adjustment to redemption fair value	50,636
Adjustment of redeemable noncontrolling interest to redemption value	(8,070)
Distribution to related parties associated with the settlement of certain share-based awards	(760)
Distributions to noncontrolling interest holders	(4,640)
Put Option payments	(895)
Ending balance at Jun. 30, 2022	184,192
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	501,755		502,772				502,772			(1,017)
Other comprehensive income	6,876		6,876						6,876
Comprehensive income (loss)	508,631		509,648							(1,017)
Share-based compensation	64,406		64,406			64,406
Accretion of put options	(895)		(895)			(895)
Tax withholding associated with shares issued for share-based compensation	(16,620)		(16,620)		5	(16,625)
Redeemable noncontrolling interest adjustment to redemption fair value	126,375		126,375			126,375
Adjustment of redeemable noncontrolling interest to redemption value	0
Distribution to related parties associated with the settlement of certain share-based awards	(1,736)		(1,736)			(1,736)
Contribution from noncontrolling interest holders	3,000									3,000
Distributions to noncontrolling interest holders	(1,881)									(1,881)
Disposition of Tao Group Hospitality and BCE	(4,582)		7,683			4,859			2,824	(12,265)
Distribution of MSG Entertainment	(68,217)		(68,217)			(101,934)			33,717
Ending balance at Jun. 30, 2023	2,583,865		$ 2,583,865		$ 347	$ 2,376,420	$ 212,036		$ (4,938)	$ 0
Increase (Decrease) in Redeemable Noncontrolling Interests [Roll Forward]
Net loss	3,925
Comprehensive loss	3,925
Accretion of put options	2,786
Redeemable noncontrolling interest adjustment to redemption fair value	(126,375)
Distribution to related parties associated with the settlement of certain share-based awards	(652)
Distributions to noncontrolling interest holders	(3,141)
Disposition of Tao Group Hospitality and BCE	(60,735)
Ending balance at Jun. 30, 2023	$ 0

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Jun. 30, 2023
Description of Business And Basis Of Presentation [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business Sphere Entertainment Co. (the “Company”) is a premier live entertainment and media company comprised of two reportable segments, Sphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer and authenticated streaming product. Sphere : This segment reflects Sphere, a next-generation entertainment medium powered by cutting-edge technologies that we believe will enable multi-sensory storytelling at an unparalleled scale. The Company’s first Sphere is expected to open in September 2023. The venue can accommodate up to 20,000 guests and is expected to host a wide variety of events year-round, including The Sphere Experience, which will feature original immersive productions, as well as concerts and residencies from renowned artists, and marquee sporting and corporate events. Supporting this strategy is Sphere Studios, which is home to a team of creative, production, technology and software experts who provide full in-house creative and production services. The studio campus in Burbank includes a 68,000-square-foot development facility, as well as Big Dome, a 28,000-square-foot, 100-foot high custom dome, with a quarter-sized version of the screen at Sphere in Las Vegas, that serves as a specialized screening, production facility, and lab for content at Sphere. MSG Networks: This segment is comprised of the Company’s regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as its direct-to-consumer streaming product, MSG+. MSG Networks serves the New York designated market area, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania and features a wide range of sports content, including exclusive live local games and other programming of the New York Knicks (the “Knicks”) of the National Basketball Association (the “NBA”) and the New York Rangers (the “Rangers”), New York Islanders (the “Islanders”), New Jersey Devils (the “Devils”) and Buffalo Sabres (the “Sabres”) of the National Hockey League (the “NHL”), as well as significant coverage of the New York Giants (the “Giants”) and the Buffalo Bills (the “Bills”) of the National Football League (the “NFL”). Sphere Entertainment Co. (formerly Madison Square Garden Entertainment Corp.) was incorporated on November 21, 2019 as a direct, wholly-owned subsidiary of Madison Square Garden Sports Corp. (“MSG Sports”). On April 17, 2020, MSG Sports distributed all outstanding common stock of the Company to MSG Sports’ stockholders (the “2020 Entertainment Distribution”). Unless the context otherwise requires, all references to “Sphere Entertainment” or the “Company” refer collectively to Sphere Entertainment Co., a holding company, and its direct and indirect subsidiaries. MSG Entertainment Distribution On April 20, 2023 (the “MSGE Distribution Date”), the Company distributed approximately 67% of the outstanding common stock of Madison Square Garden Entertainment Corp. (“MSG Entertainment”, formerly MSGE Spinco, Inc.) to its stockholders (the “MSGE Distribution”), with the Company retaining approximately 33% of the outstanding common stock of MSG Entertainment (in the form of MSG Entertainment Class A common stock) immediately following the MSGE Distribution (the “MSGE Retained Interest”). Following the MSGE Distribution Date, the Company retained the Sphere and MSG Networks businesses and MSG Entertainment now owns the traditional live entertainment business previously owned and operated by the Company through its Entertainment business segment, excluding the Sphere business. In the MSGE Distribution, stockholders of the Company received (a) one share of MSG Entertainment’s Class A common stock, par value $0.01 per share, for every share of the Company’s Class A common stock, par value $0.01 per share (“Class A common stock”), 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, par value $0.01 per share, for every share of the Company’s Class B common stock, par value $0.01 per share (“Class B common stock”), held of record as of the close of business, New York City time, on the Record Date. Following the sale of a portion of the MSGE Retained Interest and the repayment of the delayed draw term loan (as further discussed below) with MSG Entertainment through the use of shares of MSG Entertainment Class A common stock, the Company now holds approximately 17% of the outstanding common stock of MSG Entertainment (in the form of MSG Entertainment Class A common stock), based on 49,128 total shares of MSG Entertainment common stock outstanding as of August 18, 2023. See Note 7. Investments in Nonconsolidated Affiliates, for further details regarding the MSGE Retained Interest. As of April 20, 2023, the MSG Entertainment business met the criteria for discontinued operations. See Note 3. Discontinued Operations, for further details regarding the MSGE Distribution. Tao Group Hospitality Disposition On May 3, 2023, the Company completed the sale of its 66.9% majority interest in TAO Group Sub-Holdings LLC (“Tao Group Hospitality”) to a subsidiary of Mohari Hospitality Limited, a global investment company focused on the luxury lifestyle and hospitality sectors (the “Tao Group Hospitality Disposition”). The transaction valued Tao Group Hospitality at $550,000, subject to certain customary purchase price adjustments. The Company, through certain of its subsidiaries, owned 79.1% of TAO Holdings, which represented an effective ownership of 66.9% of Tao Group Hospitality, and thus was entitled to that percentage of the total cash consideration paid to the sellers (net of, among other things, the payoff of outstanding debt and certain debt-like items and fees, costs and expenses incurred in connection with the transaction) pursuant to the transaction agreement dated as of April 17, 2023, by and among TAO Holdings, Hakkasan USA Inc., the other sellers party thereto and Disco Ball Intermediate, LLC (the “Transaction Agreement”). At closing, the Company received approximately $290,000 (taking into account the payment of accrued management fees) in connection with the transaction. See Note 3. Discontinued Operations, for further details regarding the Tao Group Hospitality Disposition (defined below). Basis of Presentation The Company reports on a fiscal year basis ending on June 30 th . In these consolidated financial statements, the fiscal years ended June 30, 2023, 2022, and 2021 are referred to as “Fiscal Year 2023,” “Fiscal Year 2022,” and “Fiscal Year 2021,” respectively. The Company has presented both the MSG Entertainment business and Tao Group Hospitality as discontinued operations for all periods presented. See Note 3. Discontinued Operations for further discussion on accounting for the MSGE Distribution and Tao Group Hospitality Disposition. Reclassifications For purposes of comparability, certain prior period amounts have been reclassified to conform to the current year presentation in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Impact of the COVID-19 Pandemic The Company’s operations and operating results were materially impacted by the COVID-19 pandemic and actions taken in response by governmental authorities and certain professional sports leagues during Fiscal Year 2021. As a result of the shortened 2020-21 NBA and NHL seasons, MSG Networks aired substantially fewer NBA and NHL telecasts during Fiscal Year 2021, as compared with Fiscal Year 2019 (the last full fiscal year not impacted by COVID-19), and consequently experienced a decrease in revenues, including a material decrease in advertising revenue. The absence of live sports games also resulted in a decrease in certain MSG Networks expenses, including rights fees, variable production expenses, and advertising sales commissions. MSG Networks aired full regular season telecast schedules in Fiscal Year 2022 and Fiscal Year 2023 for its five professional teams across both the NBA and NHL, and, as a result, its advertising revenue and certain operating expenses, including rights fees expense, reflect the same.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies A. Principles of Consolidation The consolidated financial statements of the Company include the accounts of Sphere Entertainment Co. and its subsidiaries, including Tao Group Hospitality, MSG Entertainment, and Boston Calling Events, LLC (“BCE”) until their dispositions on May 3, 2023, April 20, 2023, and December 2, 2022, respectively. Both Tao Group Hospitality and MSG Entertainment met the criteria to be reported as discontinued operations during the quarters ended March 31, 2023 and June 30, 2023, respectively. All significant intercompany transactions and balances have been eliminated in consolidation. Prior to its disposition, Tao Group Hospitality was consolidated with the equity owned by other stockholders shown as redeemable or nonredeemable noncontrolling interests of discontinued operations in the accompanying consolidated balance sheets, and the other stockholders’ portion of net earnings (loss) and other comprehensive income (loss) shown as net income (loss) or comprehensive income (loss) attributable to redeemable or nonredeemable noncontrolling interests from discontinued operations in the accompanying consolidated statements of operations and consolidated statements of comprehensive income (loss), respectively. See Note 3. Discontinued Operations, for details regarding the Tao Group Hospitality Disposition and MSGE Distribution. B. Business Combinations and Noncontrolling Interests The acquisition method of accounting for business combinations requires management to use significant estimates and assumptions, including fair value estimates, as of the business combination date and to refine those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which the Company is allowed to adjust the provisional amounts recognized for a business combination). 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. Interests held by third parties in consolidated majority-owned subsidiaries are presented as noncontrolling interests, which represent the noncontrolling stockholders’ interests in the underlying net assets of the Company’s consolidated majority-owned subsidiaries. Noncontrolling interests that are not redeemable are reported in the equity section of the consolidated balance sheets. Noncontrolling interests, where the Company may be required to repurchase the noncontrolling interest under put options or other contractual redemption requirements that are not solely within the Company’s control, are reported in the consolidated balance sheets between liabilities and equity, as redeemable noncontrolling interests. C. Use of Estimates The preparation of the accompanying consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the provision for credit losses, valuation of investments, goodwill, intangible assets, other long-lived assets, deferred tax assets, pension and other postretirement benefit obligations and the related net periodic benefit cost, and other liabilities. In addition, estimates are used in revenue recognition, rights fees, performance and share-based compensation, depreciation and amortization, litigation matters and other matters, as well as in the valuation of noncontrolling interests resulting from business combination transactions. Management believes its use of estimates in the financial statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s financial statements in future periods. D. Revenue Recognition The Company recognizes revenue when, or as, performance obligations under the terms of a contract are satisfied, which generally occurs when, or as, control of promised goods or services are 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 may enter into arrangements with multiple performance obligations, such as multi-year sponsorship agreements which may derive revenues for the Company as well as MSG Entertainment and MSG Sports within a single arrangement. The Company may also derive revenue from similar types of arrangements which are entered into by MSG Entertainment or 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 Sphere, digital advertising, or 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 as collections due to promoters within Accounts payable, accrued and other current liabilities on the accompanying consolidated 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. E. Direct Operating Expenses Direct operating expenses for the Sphere segment may include, but are not limited to, event costs related to the presentation and production of the Company’s live entertainment, sporting events, and immersive productions, maintenance, and other operating expenses. Direct operating expenses for the MSG Networks segment primarily represent media rights fees and other direct programming and production costs, such as the salaries of on-air personalities, producers, directors, technicians, writers and other creative staff, as well as expenses associated with location costs, remote facilities and maintaining studios, origination, and transmission services and facilities. The professional team media rights acquired under media rights agreements to telecast various sporting events and other programming for exhibition on the segment’s networks are typically expensed on a straight-line basis over the applicable annual contract or license period. Production Costs for the Company’s Original Immersive Productions The Company defers certain costs during the production phase of its original immersive productions for Sphere that are directly related to production activities. Such costs include, but are not limited to, fees paid to writers, directors, and producers as well as video and music production costs and production-specific overhead. Deferred immersive production costs are amortized in the same ratio that current period actual revenue bears to estimated remaining unrecognized ultimate revenue as of the beginning of the current fiscal year. Estimates of ultimate revenues are prepared on an individual production basis and reviewed regularly by management and revised where necessary to reflect the most current information. Ultimate revenues reflect management’s estimates of future revenue over a period not to exceed ten years following the premiere of the production. Deferred immersive production costs are subject to recoverability assessments whenever there is an indication of potential impairment. As of June 30, 2023, the Company recorded $61,421 in Other non-current assets in the accompanying consolidated balance sheets related to these production costs. No amounts were recorded as of June 30, 2022. F. Advertising Expenses Advertising costs are typically charged to expense when incurred. Total advertising costs expensed were $16,977, $22,880, and $24,533 for Fiscal Years 2023, 2022, and 2021, respectively. G. Nonmonetary Transactions The MSG Networks segment enters into nonmonetary transactions, primarily with its Distributors (as defined below), that involve the exchange of products or services, such as advertising and promotional benefits, for the segment’s services. For arrangements that are subject to sales based and usage-based royalty guidance, MSG Networks measures noncash consideration that it receives at fair value as the sale or usage occurs. For other arrangements, the MSG Networks segment measures the estimated fair value of the noncash consideration that it receives at contract inception. If the MSG Networks segment cannot reasonably estimate the fair value of the noncash consideration, the segment measures the fair value of the consideration indirectly by reference to the standalone selling price of the services promised to the customer in exchange for the consideration as revenues. Nonmonetary transactions for the MSG Networks segment are included in advertising costs, which are classified in selling, general and administrative expenses on the accompanying consolidated statements of operations, as noted above. H. Income Taxes The Company accounts for income taxes in accordance with Accounting Standard Codification (“ASC”) Topic 740, Income Taxes . 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. If such estimates and related assumptions change in the future, the Company may be required to record valuation allowances against its deferred tax assets, resulting in additional income tax expense in the Company’s consolidated statements of operations. Interest and penalties, if any, associated with uncertain tax positions are included in income tax expense. I. Share-based Compensation 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. J. Earnings (Loss) Per Common Share 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 common shares 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 through the application of the treasury stock method. For the periods when a net loss is reported, the computation of diluted EPS equals the basic EPS calculation since common stock equivalents were 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. K. 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, accrued, and other current liabilities in the accompanying consolidated balance sheets. The Company presents the change in these book cash overdrafts as cash flows from operating activities. L. Restricted Cash The Company’s restricted cash includes cash deposited in escrow accounts. The Company has deposited cash in interest-bearing escrow accounts related to credit support, debt facilities, and collateral to its operating leases, workers compensation, and general liability insurance obligations. The carrying amount of restricted cash approximates fair value due to the short-term maturity of these instruments. M. Short-Term Investments Short-term investments included investments that (i) had original maturities of greater than three months and (ii) the Company had the ability to convert into cash within one year. The Company classified its short-term investments at the time of purchase as “held-to-maturity” and re-evaluated its classification quarterly based on whether the Company had the intent and ability to hold until maturity. Short-term investments, which were recorded at cost and adjusted for accrued interest, approximate fair value. Cash inflows and outflows related to the sale and purchase of short-term investments are classified as investing activities in the Company’s consolidated statements of cash flows. N. Accounts Receivable Accounts receivable is 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 $171 and $843 as of June 30, 2023 and 2022, respectively. O. Investments in Nonconsolidated Affiliates and Equity Securities The Company’s investments in nonconsolidated affiliates are primarily accounted for using the equity method of accounting and 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 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 elected the fair value option in accounting for the MSGE Retained Interest and as such, does not report the impact to the consolidated statements of operations on a lag for this investment. Initial recognition of this asset required measurement of an unrealized gain or loss when comparing the book value of the investment to fair value. As a result, the Company initially and subsequently measures and records changes in the fair value of the MSGE Retained Interest based upon the quoted market price of the MSGE stock on the New York Stock Exchange on a periodic basis within Other income (expense), net in the accompanying consolidated statements of operations. 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 statements of operations. Impairment of Investments The Company reviews its investments at least quarterly 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. P. Property and Equipment and Other Long-Lived Assets Prop erty and equipment and other long-lived assets, including amortizable intangible assets, are stated at cost or acquisition date fair value, if acquired. Expen ditures 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 30 years Furniture and fixtures 1 year to 10 years Leasehold improvements Shorter of term of lease or useful life of improvement Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives: Estimated Useful Lives Affiliate relationships 24 years Q. Goodwill See above ( B. Business Combinations and Noncontrolling Interests ) for the Company’s accounting policy on how goodwill is measured at an acquisition date. Goodwill is not amortized. R. Impairment of Long-Lived Assets In assessing the recoverability of the Company’s long-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 re quired to record impairment charges related to its long-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. For other long-lived assets, including property and equipment, right-of-use 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. S. Leases The Company’s leases primarily consist of a ground lease for the land where Sphere in Las Vegas is being constructed, corporate office space, storage, and 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 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 balance sheets at lease commencement reflecting the present value of the fixed minimum payment obligations over the lease term. A corresponding right-of-use (“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 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 (“short-term leases”), any fixed lease payments are recognized on a straight-line basis over the lease term and are not recognized on the consolidated 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 balance sheets. T. Interest Capitalization For significant long term construction projects and immersive content productions, the Company begins to capitalize qualified interest cost once activities necessary to get the asset ready for its intended use have commenced. The Company calculates qualified interest capitalization using the average amount of accumulated expenditures during the period the asset is being prepared for its intended use and a capitalization rate which is derived from the Company’s weighted average borrowing rate during such time, i

Discontinued Operations

Discontinued Operations	12 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations MSG Entertainment On April 20, 2023, the Company completed the MSGE Distribution. T he Company analyzed the quantitative and qualitative factors relevant to the MSGE Distribution and determined that the conditions for discontinued operations presentation were met during the fourth quarter of Fiscal Year 2023. As such, the results of the MSG Entertainment business previously owned and operated by the Company through its MSG Entertainment business segment, as well as transaction costs related to the MSGE Distribution, have been classified in the accompanying consolidated financial statements as discontinued operations for all periods presented. No impairment loss was recognized in connection with the reclassification to discontinued operations and no gain or loss was recognized in connection with the MSGE Distribution. Indirect corporate and administrative costs do not qualify for discontinued operations presentation, and these costs are included in continuing operations for all periods presented through April 20, 2023. After the MSGE Distribution Date, these corporate and administrative services are provided to the Company by MSG Entertainment under a Transition Services Agreement (“MSGE TSA”), with the related costs included in continuing operations from April 21, 2023 through June 30, 2023. As noted above, results from continuing operations, prior to the MSGE Distribution Date, include certain corporate overhead expenses that the Company did not incur in the period after the completion of the MSGE Distribution, and the Company does not expect to incur such expenses in future periods. Tao Group Hospitality On May 3, 2023, the Company completed the Tao Group Hospitality Disposition. The Company analyzed the quantitative and qualitative factors relevant to the Tao Group Hospitality Disposition and determined that the criteria to classify the assets and liabilities of Tao Group Hospitality as held for sale, along with the related operations as a discontinued operation, had been satisfied as of the third quarter of Fiscal Year 2023. As such, the historical financial results of the Tao Group Hospitality segment have been reflected in the accompanying consolidated financial statements as discontinued operations for all periods presented. In connection with the Tao Group Hospitality Disposition, the Company recognized a gain of $212,857, net of taxes of $1,020, which is also presented in discontinued operations. The tables below sets forth, for the periods presented, the balance sheet and the operating results of the disposal groups. Amounts presented below differ from historically reported results for the MSG Entertainment and Tao Group Hospitality business segments in order to reflect discontinued operations presentation. June 30, 2022 MSGE Tao Total ASSETS Current Assets: Cash, cash equivalents, and restricted cash $ 62,573 $ 23,125 $ 85,698 Accounts receivable, net 63,804 29,521 93,325 Prepaid expenses and other current assets 107,999 20,508 128,507 Total current assets 234,376 73,154 307,530 Non-Current Assets: Investments in nonconsolidated affiliates 350 3,157 3,507 Property and equipment, net 696,079 85,396 781,475 Right-of-use lease assets 271,154 109,194 380,348 Goodwill 42,010 1,364 43,374 Finite intangible assets, net 1,638 141,421 143,059 Indefinite-lived intangible assets 63,801 — 63,801 Other non-current assets 83,185 13,432 96,617 Total assets of the discontinued operations $ 1,392,593 $ 427,118 $ 1,819,711 LIABILITIES Current Liabilities: Accounts payable, accrued, and other current liabilities $ 252,346 $ 60,232 $ 312,578 Current portion of long-term debt 8,762 3,750 12,512 Operating lease liabilities, current 39,006 19,751 58,757 Deferred revenue 203,885 19,827 223,712 Total current liabilities (a) 503,999 103,560 607,559 Non-Current Liabilities: Long-term debt, net of deferred financing costs 654,912 80,130 735,042 Operating lease liabilities, non-current 254,114 89,437 343,551 Deferred tax liabilities, net 19,050 — 19,050 Other non-current liabilities 52,629 1,393 54,022 Total liabilities of the discontinued operations 1,484,704 274,520 1,759,224 Net (Liabilities) Assets of the disposal group classified as discontinued operations (92,111) 152,598 60,487 Redeemable noncontrolling interests of disposal group classified as discontinued operations $ — $ 184,192 $ 184,192 Nonredeemable noncontrolling interests of disposal group classified as discontinued operations $ (114) $ 12,277 $ 12,163 Year Ended June 30, 2023 MSGE Tao Eliminations (a) Total Revenues $ 731,299 $ 447,929 $ (1,761) $ 1,177,467 Direct operating expenses (421,440) (263,200) 1,371 (683,269) Selling, general, and administrative expenses (119,032) (151,271) (195) (270,498) Depreciation and amortization (49,423) (23,236) — (72,659) Impairment and other gains, net 4,361 473 — 4,834 Restructuring charges (7,435) — — (7,435) Operating income 138,330 10,695 (585) 148,440 Interest income 2,880 149 — 3,029 Interest expense (1,031) (2,551) — (3,582) Other income, net 11,456 665 — 12,121 Income from discontinued operations before income taxes 151,635 8,958 (585) 160,008 Income tax expense (5,517) (33,695) — (39,212) Income (loss) from discontinued operations, net of taxes 146,118 (24,737) (585) 120,796 Gain on disposal before income taxes — 213,877 — 213,877 Income tax expense — (1,020) — (1,020) Gain on disposal, net of taxes — 212,857 — 212,857 Net income from discontinued operations 146,118 188,120 (585) 333,653 Less: Net income attributable to redeemable noncontrolling interests — 3,925 — 3,925 Less: Net loss attributable to nonredeemable noncontrolling interests (553) (464) — (1,017) Net income from discontinued operations attributable to Sphere Entertainment Co.’s stockholders $ 146,671 $ 184,659 $ (585) $ 330,745 Year Ended June 30,2022 MSGE Tao Eliminations (a) Total Revenues $ 632,612 $ 484,649 $ (2,698) $ 1,114,563 Direct operating expenses (417,108) (270,728) 2,077 (685,759) Selling, general, and administrative expenses (110,288) (154,923) — (265,211) Depreciation and amortization (69,564) (32,503) — (102,067) Impairment and other gains, net — 2,800 — 2,800 Restructuring charges (1,286) — — (1,286) Operating income 34,366 29,295 (621) 63,040 Interest income 612 23 — 635 Interest expense (25,453) (1,702) — (27,155) Other expense, net (84,690) (82) — (84,772) (Loss) income from operations before income taxes (75,165) 27,534 (621) (48,252) Income tax benefit (expense) 14,069 (18,114) — (4,045) Net (loss) income (61,096) 9,420 (621) (52,297) Less: Net income attributable to redeemable noncontrolling interests — 7,739 — 7,739 Less: Net loss attributable to nonredeemable noncontrolling interests (2,864) (627) — (3,491) Net (loss) income from discontinued operations attributable to Sphere Entertainment Co.’s stockholders $ (58,232) $ 2,308 $ (621) $ (56,545) Year Ended June 30, 2021 MSGE Tao Eliminations (a) Total Revenues $ 68,567 $ 99,865 $ (1,729) $ 166,703 Direct operating expenses (96,073) (70,236) 1,502 (164,807) Selling, general, and administrative expenses (88,383) (47,844) 227 (136,000) Depreciation and amortization (71,577) (33,816) — (105,393) Impairment and other gains, net — — — — Restructuring charges (13,238) — — (13,238) Operating loss (200,704) (52,031) — (252,735) Interest income 29 21 — 50 Interest expense (204) — — (204) Other income (expense), net 50,624 (2,059) — 48,565 Loss from operations before income taxes (150,255) (54,069) — (204,324) Income tax benefit 31,006 2,176 — 33,182 Net loss (119,249) (51,893) — (171,142) Less: Net loss attributable to redeemable noncontrolling interests — (16,269) — (16,269) Less: Net loss attributable to nonredeemable noncontrolling interests (694) (1,405) — (2,099) Net loss from discontinued operations attributable to Sphere Entertainment Co.’s stockholders $ (118,555) $ (34,219) $ — $ (152,774) _________________ (a) Prior to the MSGE Distribution and Tao Group Hospitality Disposition, the Company’s consolidated results of operations included a number of intercompany transactions between MSG Entertainment and Tao Group Hospitality which were presented in the Company’s segment reporting disclosures. As such, these transactions are eliminated for purposes of this disclosure as they will not continue in periods subsequent to the MSGE Distribution and Tao Group Hospitality Disposition, respectively. As permitted under ASC Subtopic 205-20-50-5b(2), the Company has elected not to adjust the consolidated statements of cash flows for the years ended June 30, 2023, 2022, and 2021 to exclude cash flows attributable to discontinued operations. The table below sets forth, for the periods presented, significant selected financial information related to discontinued activities included in the accompanying consolidated financial statements: Years Ended June 30 2023 2022 2021 MSGE Tao (a) MSGE Tao MSGE Tao Non-cash items included in net income (loss): Depreciation and amortization 49,423 23,236 69,564 $ 32,503 71,577 $ 33,816 Impairments and other (gains), net (4,361) (214,350) — (2,800) — — Share-based compensation expense 4,710 7,224 8,480 7,647 5,514 5,284 Cash flow from investing activities: Capital expenditures, net 12,832 17,488 15,797 23,309 10,315 3,192 Non-cash investing activities: Capital expenditures incurred but not yet paid 780 817 1,585 119 1,083 72 Investments and loans to nonconsolidated affiliates — 113 — 791 — — Non-cash contribution received from noncontrolling interests — — — — — (59,763) _________________

Revenue Recognition

Revenue Recognition	12 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition For Fiscal Years 2023, 2022, and 2021, all revenue recognized in the consolidated 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 sublease arrangements as disclosed below. In Fiscal Years 2023 and 2022, the Company did not have any material provisions for credit losses on receivables or contract assets arising from contracts with customers. Sphere Segment The Sphere Segment has yet to generate material revenue from contracts with customers during Sphere’s pre-opening period. MSG Networks Segment The MSG Networks segment generates revenues principally from affiliation fees charged to cable, satellite, fiber-optic and other platforms (“Distributors”) for the right to carry its networks, as well as from the sale of advertising. Advertising revenue is largely derived from the sale of inventory in MSG Networks’ live professional sports programming, and as such, a significant share of this revenue has historically been earned in the second and third fiscal quarters. Due to the COVID-19 pandemic, the NBA and NHL 2020-21 regular seasons were delayed and primarily occurred during the third and fourth quarters of Fiscal Year 2021 and affected the comparability in the second, third and the fourth fiscal quarters of Fiscal Year 2022. Affiliation fee revenue is earned from Distributors for the right to carry the segment’s networks under affiliation agreements. The performance obligation under these affiliation agreements is satisfied as MSG Networks provides its programming over the term of the agreement. Substantially all of MSG Networks’ affiliation agreements are sales-based and usage-based royalty arrangements; revenue is recognized as the sale or usage occurs. The transaction price is represented by affiliation fees that are generally based upon contractual rates applied to the number of the Distributor’s subscribers who receive or can receive MSG Networks programming. Such subscriber information is generally not received until after the close of the reporting period, and in these cases, the Company estimates the number of subscribers. Historical adjustments to recorded estimates have not been material. The MSG Networks segment also generates advertising revenue primarily through the sale of commercial time and other advertising inventory during its live professional sports programming. In general, these advertising arrangements either do not exceed one year or are primarily multi-year media banks, the elements of which are agreed upon each year. Advertising revenue is recognized as advertising is aired. In certain advertising arrangements, the Company guarantees specified viewer ratings for its programming. In such cases, the promise to deliver the guaranteed viewer ratings by airing the advertising represents MSG Networks’ performance obligation. A contract liability is recognized as deferred revenue to the extent any guaranteed viewer ratings are not met. This permits the customer to exercise a contractual right for additional advertising time. The related deferred revenue is subsequently recognized as revenue either when MSG Networks provides the required additional advertising time, or additional performance requirements become remote, which may be at the time the guarantee obligation contractually expires. Disaggregation of Revenue The following table disaggregates the Company’s revenue by major source and reportable segment based upon the timing of transfer of goods or services to the customer for Fiscal Years 2023, 2022, and 2021: Year Ended June 30, 2023 Sphere MSG Networks Total Signage (a) — 6,990 6,990 Media related, primarily from affiliation agreements ( a) — 558,362 558,362 Other — 5,869 5,869 Total revenues from contracts with customers $ — $ 571,221 $ 571,221 Revenues from subleases 2,610 — 2,610 Total revenues $ 2,610 $ 571,221 $ 573,831 Year Ended June 30, 2022 Sphere MSG Networks Total Signage (a) — 6,470 6,470 Media related, primarily from affiliation agreements (a) — 596,032 596,032 Other — 5,653 5,653 Total revenues from contracts with customers $ — $ 608,155 $ 608,155 Revenues from subleases 1,900 — 1,900 Total revenues $ 1,900 $ 608,155 $ 610,055 Year Ended June 30, 2021 Sphere MSG Networks Total Signage (a) — 4,022 4,022 Media related, primarily from affiliation agreements (a) — 639,470 639,470 Other — 4,018 4,018 Total revenues $ — $ 647,510 $ 647,510 _________________ (a) See Note 2. Summary of Significant Accounting Policies, Revenue Recognition, for further details on the pattern of recognition of signage and media related revenues. 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 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 2023, 2022, and 2021. Year Ended June 30, 2023 Sphere MSG Networks Total (d) Media networks revenues (a) — 571,221 571,221 Revenues from subleases 2,610 — 2,610 Total revenues $ 2,610 $ 571,221 $ 573,831 Year Ended June 30, 2022 Sphere MSG Networks Total Media networks revenues (a) — 608,155 608,155 Revenues from subleases 1,900 — 1,900 Total revenues $ 1,900 $ 608,155 $ 610,055 Year Ended June 30, 2021 Sphere MSG Networks Total Media networks revenues (a) — 647,510 647,510 Total revenues $ — $ 647,510 $ 647,510 _________________ (a) Primarily consists of affiliation fees from Distributors and, to a lesser extent, advertising revenues through the sale of commercial time and other advertising inventory during MSG Networks programming. Contract Balances The following table provides information about the opening and closing contract balances from the Company’s contracts with customers as of June 30, 2023, 2022, and 2021. As of June 30, 2023 2022 Receivables from contracts with customers, net (a) $ 115,039 $ 124,319 Contract assets, current (b) 314 — Contract assets, non-current (b) — 756 Deferred revenue, including non-current portion (c) 27,397 4,413 _________________ (a) As of June 30, 2023, 2022, and 2021, the Company’s receivables from contracts with customers above included $2,730, $992, and $260, respectively, related to various related parties. See Note 17. Related Party Transactions for further details on these related party arrangements. (b) Contract assets primarily relate to the Company’s rights to consideration for goods or services transferred to customers, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. (c) Revenue recognized for Fiscal Year 2023 relating to the deferred revenue balance as of June 30, 2022 was $4,254. Transaction Price Allocated to the Remaining Performance Obligations The following table depicts the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2023. This primarily relates to performance obligations under sponsorship 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. Fiscal year ending June 30, 2024 $ 36,070 Fiscal year ending June 30, 2025 30,322 Fiscal year ending June 30, 2026 17,011 Fiscal year ending June 30, 2027 3,433 Fiscal year ending June 30, 2028 — Thereafter — $ 86,836

Restructuring Charges

Restructuring Charges	12 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring ChargesDuring Fiscal Year 2023, the Company implemented a cost reduction program which resulted in the recognition of termination benefits for a workforce reduction related to certain executives and employees of the Sphere and MSG Networks segments. As a result, the Company recognized restructuring charges of $27,924 for Fiscal Year 2023, inclusive of $8,118 of share-based compensation expenses, which are recorded in Accounts payable, accrued and other current liabilities and Additional paid-in capital on the consolidated balance sheet. The Company recognized restructuring charges of $13,404 for Fiscal Year 2022, inclusive of $4,254 of share-based compensation expenses, which were also recorded in Accounts payable, accrued and other current liabilities and Additional paid-in capital on the consolidated balance sheet. For Fiscal Year 2021, the Company recorded restructuring charges of $8,061, primarily related to termination benefits provided to employees, of which all amounts had been paid as of June 30, 2022. These measures included reductions in full-time workforce in August 2020 and November 2020. Changes to the Company’s restructuring liability through June 30, 2023 were as follows: June 30, 2022 $ — Restructuring charges (excluding share-based compensation expense) 19,806 Payments (4,971) MSGE Distribution-related transfers of liabilities (5,944) June 30, 2023 $ 8,891

Computation of earnings per-sha

Computation of earnings per-share	12 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Computation of earnings per-share	Computation of earnings per-share The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted earnings (loss) per common share attributable to Sphere Entertainment Co.’s stockholders. Years Ended June 30, 2023 2022 2021 Net income (loss) available to Sphere Entertainment Co.’s stockholders (numerator): Net income (loss) from continuing operations for EPS $ 172,027 $ (137,850) $ 4,623 Income (loss) from discontinued operations, net of taxes $ 333,653 $ (52,297) $ (171,142) Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations 3,925 7,739 (16,269) Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations (1,017) (3,491) (2,099) Net income (loss) attributable to discontinued operations per statement of operations 330,745 (56,545) (152,774) Adjustment of redeemable noncontrolling interest to redemption value from discontinued operations — (3,173) (8,728) Net income (loss) attributable to discontinued operations for EPS: $ 330,745 $ (59,718) $ (161,502) Weighted-average shares (denominator): Weighted-average shares for basic EPS 34,651 34,255 34,077 Dilutive effect of shares issuable under share-based compensation plans (a) 278 — 175 Weighted-average shares for diluted EPS 34,929 34,255 34,252 Weighted-average anti-dilutive shares (a) 800 — 1,207 Basic earnings (loss) per common share Continuing operations $ 4.96 $ (4.02) $ 0.14 Discontinued operations $ 9.55 $ (1.75) $ (4.74) Basic earnings (loss) per common share attributable to Sphere Entertainment Co.’s stockholders $ 14.51 $ (5.77) $ (4.60) Diluted earnings (loss) per common share Continuing operations $ 4.93 $ (4.02) $ 0.13 Discontinued operations $ 9.47 $ (1.75) $ (4.72) Diluted earnings (loss) per common share attributable to Sphere Entertainment Co.’s stockholders $ 14.40 $ (5.77) $ (4.59) _________________

Investments in Nonconsolidated

Investments in Nonconsolidated Affiliates	12 Months Ended
	Jun. 30, 2023
Equity Method Investments, Joint Ventures And Cost Method Investments [Abstract]
Investments in Nonconsolidated Affiliates	Investments in Nonconsolidated Affiliates The Company’s investments in nonconsolidated affiliates, which are accounted for under the equity method of accounting or as equity investments without readily determinable fair value, are included within Investments in nonconsolidated affiliates in the accompanying consolidated balance sheets and consisted of the following: Investment As of June 30, Ownership Percentage 2023 2022 Equity method investments: SACO Technologies Inc. (“SACO”) 30% $ 22,246 $ 31,448 Holoplot Loan (a) 20,971 — Holoplot 25% 1,542 2,096 MSG Entertainment (b) 20% 341,039 — Equity investments without readily determinable fair values (c) 8,721 6,753 Total investments in nonconsolidated affiliates $ 394,519 $ 40,297 _________________ (a) In January 2023, the Company, through an indirect subsidiary, extended financing to Holoplot GmbH (“Holoplot”) in the form of a three-year convertible loan (the “Holoplot Loan”) of €18,804, equivalent to $20,484 using the applicable exchange rate at the time of the transaction. The Holoplot Loan is comprised of $7,625 cash and $12,859 of outstanding deposits paid by the Company to Holoplot in prior periods, plus accrued interest. Absent conversion, which is currently not available under the terms of the Holoplot Loan, the Holoplot Loan and interest accrued thereon are due and payable at the conclusion of the three year term. (b) The Company elected the fair value option for its investment in MSG Entertainment. The fair value of the investment is determined based on quoted market prices on the New York Stock Exchange (“NYSE”), which are classified within Level I of the fair value hierarchy. (c) For Fiscal Year 2023, the Company recorded an increase of $1,969 to the carrying value of its equity investments without readily determinable fair values. For Fiscal Years 2022 and 2021, the Company did not have any changes in carrying value recorded to its equity investments without readily determinable fair values. Equity Method Investments The Company determined that it has the ability to exert significant influence over the investee and therefore accounts for the following investments under the equity method of accounting. SACO In Fiscal Year 2019, the Company acquired a 30% interest in SACO, a global provider of high-performance LED video lighting and media solutions, for a total consideration of $47,244. The Company is utilizing SACO as a preferred display technology provider for Sphere in Las Vegas based upon commercial terms. The total consideration consisted of a $42,444 payment at closing and a $4,800 deferred payment, which was made in October 2018. As of the acquisition date, the carrying amount of the investment was greater than the Company’s equity interest in the underlying net assets of SACO. As such, the Company allocated the difference to amortizable intangible assets of $25,350 and is amortizing these intangible assets on a straight-line basis over the expected useful lives ranging from 6 years to 12 years as a basis adjustment to the carrying amount of the investment. Holoplot In Fiscal Year 2018, the Company acquired a 25% interest in Holoplot GmbH (“Holoplot”), a global leader in 3D audio technology based in Berlin, Germany. In January 2023, the Company, through an indirect subsidiary, extended financing to Holoplot in the form of the Holoplot Loan of €18,804, equivalent to $20,484 using the applicable exchange rate at the time of the transaction. The Holoplot Loan is comprised of $7,625 cash and $12,859 of outstanding deposits paid by the Company to Holoplot in prior periods, plus accrued interest. Absent conversion, which is currently not available under the terms of the Holoplot Loan, the Holoplot Loan and interest accrued thereon are due and payable at the conclusion of the three-year term. MSG Entertainment The Company holds an investment in MSG Entertainment’s Class A common stock, the MSGE Retained Interest. MSG Entertainment is a related party that is listed on the NYSE under the symbol “MSGE.” See Note 1. Description of Business and Basis of Presentation, for details regarding the MSGE Retained Interest. On June 27, 2023, the Company completed a secondary offering (the “Offering”) of 6,038 shares of MSG Entertainment Class A common stock, which included the exercise in full of the underwriters’ option to purchase additional shares, at a public offering price of $31.00 per share, less underwriting discounts and commissions ($29.76 per share). Concurrently with closing of the Offering on June 27, 2023, MSG Entertainment repurchased 840 shares of Class A common stock from us in a private transaction at the price at which the shares were sold to the public in the Offering less the underwriting discounts and commissions ($29.76 per share), pursuant to a stock purchase agreement, dated June 21, 2023, between the Company and MSG Entertainment. On August 9, 2023, the Company repaid all amounts outstanding under our delayed draw term loan with MSG Entertainment (the “DDTL Facility”) using a portion of the MSGE Retained Interest, and as a result now holds approximately 17% of the outstanding common stock of MSG Entertainment (in the form of MSG Entertainment Class A common stock), based on 49,128 total MSG Entertainment shares outstanding as of August 18, 2023. See Note 12. Credit Facilities for further discussion on the DDTL Facility. The following table summarizes the unrealized and realized gains on the MSGE Retained Interest, which are reported in Other income (expenses), net in the accompanying consolidated statements of operations: June 30, Unrealized gain $ 341,039 Gain from shares sold 204,676 Total realized and unrealized gain $ 545,715 Supplemental information on realized gain: Shares of common stock sold 6,878 Cash proceeds from common stock sold $ 204,676

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net As of June 30, 2023 and 2022, property and equipment, net consisted of the following: As of June 30, 2023 2022 Land $ 80,878 $ 77,471 Buildings 69,049 1,380 Equipment, furniture and fixtures 159,786 102,745 Leasehold improvements 18,491 18,490 Construction in progress (a) 3,066,785 2,020,978 Total property and equipment, gross 3,394,989 2,221,064 Less accumulated depreciation and amortization (87,828) (63,487) Total property and equipment, net $ 3,307,161 $ 2,157,577 _________________ (a) These costs primarily relate to the construction of Sphere in Las Vegas. Construction in progress includes labor and interest that are capitalized during the construction period for significant long term construction projects. For Fiscal Years 2023, 2022, and 2021, the Company capitalized interest of $70,349, $48,507, and $0 respectively. The increase in Construction in progress is primarily associated with the development and construction of Sphere in Las Vegas. The property and equipment balances above include $236,593 and $204,894 of capital expenditure accruals (primarily related to Sphere construction) as of June 30, 2023 and 2022, respectively, which are reflected in Accounts payable, accrued and other current liabilities in the accompanying consolidated balance sheets. Depreciation expense on property and equipment was $27,601, $16,794, $13,146, for Fiscal Years 2023, 2022, and 2021, respectively.

Leases

Leases	12 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Leases The following table summarizes the ROU assets and lease liabilities recorded on the Company’s consolidated balance sheets as of June 30, 2023 and 2022: As of June 30, 2023 2022 ROU assets $ 84,912 $ 66,151 Lease liabilities: Operating leases, current 10,127 6,553 Operating leases, non-current 110,259 84,420 Total lease liabilities $ 120,386 $ 90,973 The following table summarizes the activity recorded within the Company’s consolidated statements of operations for Fiscal Years 2023, 2022, and 2021: Line Item in the Company’s Consolidated Statements of Operations Years Ended June 30, 2023 2022 2021 Operating lease cost Direct operating expenses $ 1,676 $ 1,287 $ 4,468 Operating lease cost Selling, general and administrative expenses 15,925 16,977 15,969 Variable lease cost Direct operating expenses — — 1,121 Variable lease cost Selling, general and administrative expenses 1 20 18 Total lease cost $ 17,602 $ 18,284 $ 21,576 The Company excluded its ground lease with a subsidiary of Las Vegas Gaming, LLC (“The Venetian”) associated with Sphere in Las Vegas from its ROU assets and lease liabilities balances as the ground lease will not have any fixed rent. If certain return objectives are achieved, The Venetian will receive 25% of the after-tax cash flow in excess of such objectives in the form of variable rent. The Venetian agreed to provide the Company with $75,000 to help fund the construction costs, including the cost of a pedestrian bridge that links Sphere to The Venetian Expo. Through June 30, 2023, The Venetian paid the Company $65,000 of this amount, and the 50-year fixed term commenced on July 14, 2023. Supplemental cash flow information related to operating leases is as follows: Years Ended June 30, 2023 2022 2021 Cash paid for amounts included in the measurement of operating lease liabilities $ 12,332 $ 14,400 $ 16,603 Lease assets obtained in exchange for new lease obligations 6,435 43,834 19,182 For Fiscal Year 2022, the Company received $17,697 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 2021. Maturities of operating lease liabilities are as follows: As of June 30, 2023 Fiscal year ending June 30, 2024 $ 10,489 Fiscal year ending June 30, 2025 17,174 Fiscal year ending June 30, 2026 14,657 Fiscal year ending June 30, 2027 11,382 Fiscal year ending June 30, 2028 11,570 Thereafter 119,439 Total lease payments 184,711 Less imputed interest 64,325 Total lease liabilities $ 120,386 The weighted average remaining lease term and weighted average discount rate for our operating leases as of June 30, 2023 and 2022 were as follows: As of June 30, 2023 2022 Weighted average remaining lease term (in years) 12.1 2.2 Weighted average discount rate 5.38 % 0.78 % As of June 30, 2023, the Company’s existing operating leases, which are recorded on the accompanying financial statements, have remaining lease terms ranging from 0.4 years to 18.6 years. Lessor Arrangements

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets	Goodwill and Intangible Assets The carrying amounts and activity of goodwill from June 30, 2021 through June 30, 2023 were as follows: Sphere MSG Networks Total Balance as of June 30, 2021 $ 32,299 $ 424,508 $ 456,807 Activity — — — Balance as of June 30, 2022 $ 32,299 $ 424,508 $ 456,807 Activity — — — Balance as of June 30, 2023 $ 32,299 $ 424,508 $ 456,807 During the first quarter of Fiscal Year 2023 and 2022, the Company performed its annual impairment tests of goodwill and determined that there were no impairments identified as of the impairment test date. The MSG Networks Segment (and reporting unit) had a negative carrying amount of net assets as of June 30, 2023 and 2022. For periods prior to the MSGE Distribution, Sphere was included with the MSGE Entertainment business in a combined segment and reporting unit. In connection with the MSGE Distribution, the goodwill balance associated with this reporting unit was allocated between Sphere and MSG Entertainment discontinued operations based upon a relative fair value approach, resulting in $32,299 of goodwill attributed to Sphere. The Company’s intangible assets subject to amortization, which relate to affiliate relationships, as of June 30, 2023 and 2022 were as follows: June 30, June 30, Gross carrying amount $ 83,044 83,044 Accumulated amortization (65,134) (62,019) Intangible assets, net 17,910 21,025 _________________ Amortization expense for intangible assets was $3,115, $5,768 and 3,460 for Fiscal Years 2023, 2022, and 2021, respectively. The Company’s annual amortization expense for existing intangible assets subject to amortization for each of the succeeding five fiscal years is as follows: For the years ending June 30, 2024 2025 2026 2027 2028 Estimated amortization expense $ 3,115 $ 3,115 $ 3,115 $ 3,115 $ 3,115

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments As of June 30, 2023, commitments of the Company in the normal course of business in excess of one year are as follows: Commitments June 30, 2024 June 30, 2025 June 30, 2026 June 30, 2027 June 30, 2028 Thereafter Total Sphere Event-related commitments $ 7,624 $ — $ — $ — $ — $ — $ 7,624 Letter of credit 868 — — — — — 868 MSG Networks Broadcast rights 241,472 241,059 248,957 256,214 266,406 1,818,870 3,072,978 Purchase commitments 13,713 6,148 3,279 1,434 258 — 24,832 Talent commitments 5,701 2,086 512 345 354 359 9,357 Other 6,513 6,137 2,032 2,073 2,116 354 19,225 Total Commitments $ 275,891 $ 255,430 $ 254,780 $ 260,066 $ 269,134 $ 1,819,583 $ 3,134,884 See Note 9. Leases for more information regarding the Company’s contractually obligated minimum lease payments for operating leases having an initial noncancelable term in excess of one year for the Company’s venues. 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 MSG Networks Term Loan and LV Sphere Term Loan Facility. Legal Matters Fifteen complaints were filed in connection with the Networks Merger by purported stockholders of the Company and MSG Networks Inc. Nine of these complaints involved allegations of materially incomplete and misleading information set forth in the joint proxy statement/prospectus filed by the Company and MSG Networks Inc. in connection with the Networks Merger. As a result of supplemental disclosures made by the Company and MSG Networks Inc. on July 1, 2021, all of the disclosure actions were voluntarily dismissed with prejudice prior to or shortly following the consummation of the Networks Merger. Six complaints involved allegations of fiduciary breaches in connection with the negotiation and approval of the Networks Merger and have since been consolidated into two remaining litigations. On September 10, 2021, the Court of Chancery of the State of Delaware (the “Court”) entered an order consolidating two derivative complaints filed by purported Company stockholders. The consolidated action is captioned: In re Madison Square Garden Entertainment Corp. Stockholders Litigation , C.A. No. 2021-0468-KSJM (the “MSG Entertainment Litigation”). The consolidated plaintiffs filed their Verified Consolidated Derivative Complaint on October 11, 2021. The complaint, which names the Company as only a nominal defendant, retains all of the derivative claims and alleges that the members of the board of directors and controlling stockholders violated their fiduciary duties in the course of negotiating and approving the Networks Merger. Plaintiffs seek, among other relief, an award of damages to the Company including interest, and plaintiffs’ attorneys’ fees. Pursuant to the indemnity rights in its bylaws and Delaware law, the Company has advanced the costs incurred by defendants in this action, and defendants have asserted indemnification rights in respect of any adverse judgment or settlement of the action. On March 14, 2023, the parties to the MSG Entertainment Litigation reached an agreement in principle to settle the MSG Entertainment Litigation on the terms and conditions set forth in a binding term sheet, which was incorporated into a long-form settlement agreement (the “MSGE Settlement Agreement”) that was filed with the Court on April 20, 2023. The MSGE Settlement Agreement provides for, among other things, the final dismissal of the MSG Entertainment Litigation in exchange for a settlement payment to the Company of $85,000, subject to customary reduction for attorneys’ fees and expenses, in an amount to be determined by the Court. The settlement’s amount will be fully funded by the other defendants’ insurers. The MSGE Settlement Agreement was approved by the Court on August 14, 2023. No gain amount relating to the proposed settlement has been recorded as of June 30, 2023. On September 27, 2021, the Court entered an order consolidating four complaints filed by purported stockholders of MSG Networks Inc. The consolidated action is captioned: In re MSG Networks Inc. Stockholder Class Action Litigation, C.A. No. 2021-0575-KSJM (the “MSG Networks Litigation”). The consolidated plaintiffs filed their Verified Consolidated Stockholder Class Action Complaint on October 29, 2021. The complaint asserts claims on behalf of a putative class of former MSG Networks Inc. stockholders against each member of the board of directors of MSG Networks Inc. and the controlling stockholders prior to the Networks Merger. Plaintiffs allege that the MSG Networks Inc. board of directors and controlling stockholders breached their fiduciary duties in negotiating and approving the Networks Merger. The Company is not named as a defendant but has been subpoenaed to produce documents and testimony related to the Networks Merger. Plaintiffs seek, among other relief, monetary damages for the putative class and plaintiffs’ attorneys’ fees. Pursuant to the indemnity rights in its bylaws and Delaware law, the Company has advanced the costs incurred by defendants in this action, and defendants have asserted indemnification rights in respect of any adverse judgment or settlement of the action. On April 6, 2023, the parties to the MSG Networks Litigation reached an agreement in principle to settle the MSG Networks Litigation , without admitting liability, on the terms and conditions set forth in a binding term sheet, which was incorporated into a long-form settlement agreement (the “MSGN Settlement Agreement”) that was filed with the Court on May 18, 2023. The MSGN Settlement Agreement provides for, among other things, the final dismissal of the MSG Networks Litigation in exchange for a settlement payment to the plaintiffs and the class of $48,500 which has been recorded in Accounts payable, accrued and other current liabilities as of June 30, 2023 . MSG Networks has a dispute with its insurers over whether and to what extent there is insurance coverage for the settlement. Unless MSG Networks Inc. and the insurers settle that insurance dispute, it is expected to be resolved in a pending Delaware insurance coverage action. In the interim, and subject to final resolution of the parties’ insurance coverage dispute, certain of MSG Networks’ insurers have agreed to advance $20,500 to fund the settlement and related class notice costs. The MSGN Settlement Agreement was approved by the Court on August 14, 2023. The Company is a defendant in various other lawsuits. Although the outcome of these other lawsuits cannot be predicted with certainty (including the extent of available insurance, if any), management does not believe that resolution of these other lawsuits will have a material adverse effect on the Company.

Credit Facilities

Credit Facilities	12 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Credit Facilities	Credit Facilities The following table summarizes the presentation of the outstanding balances under the Company’s credit agreements as of June 30, 2023 and 2022: June 30, 2023 2022 Current portion MSG Networks Term Loan $ 82,500 $ 66,000 Total Current portion of long-term debt $ 82,500 $ 66,000 June 30, 2023 June 30, 2022 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current portion MSG Networks Term Loan $ 849,750 $ (1,483) $ 848,267 $ 932,250 $ (2,716) $ 929,534 LV Sphere Term Loan Facility 275,000 (4,880) 270,120 — — — Total Long-term debt, net of deferred financing costs $ 1,124,750 $ (6,363) $ 1,118,387 $ 932,250 $ (2,716) $ 929,534 MSG Networks Credit Facilities General. MSGN Holdings, L.P. (“MSGN L.P.”), MSGN Eden, LLC, an indirect subsidiary of the Company and the general partner of MSGN L.P., Regional MSGN Holdings LLC, an indirect subsidiary of the Company and the limited partner of MSGN L.P. (collectively with MSGN Eden, LLC, the “MSGN Holdings Entities”), and certain subsidiaries of MSGN L.P. have senior secured credit facilities pursuant to a credit agreement (as amended and restated on October 11, 2019, the “MSGN Credit Agreement”) consisting of: (i) an initia l $1,100,000 term l oan facility (the “MSGN Term Loan Facility”) and ( ii) a $250,000 revolving credit facility (the “MSGN Revolving Credit Facility” and together with the MSGN Term Loan Facility, the “MSG Networks Credit Facilities”), each with a term of five years. Up to $35,000 of the MSGN Revolving Credit Facility is available for the issuance of letters of credit. As of June 30, 2023, there were no borrowings or letters of credit issued and outstanding under the MSGN Revolving Credit Facility. Interest Rates. Borrowings under the MSGN Credit Agreement bear interest at a floating rate, which at the option of MSGN L.P. may be either (i) a base rate plus an additional rate ranging fr om 0.25% to 1.25% per annum (determined based on a total net leverage ratio) (the “MSGN Base Rate”), or (ii) a Eurodollar rate plus an additional rate ranging from 1.25% to 2.25% per annum (determined based on a total net leverage ratio) (the “MSGN Eurodollar Rate”). Eff ective July 1, 2023, the MSGN Credit Agreement was amended to replace the MSGN Eurodollar Rate with a rate based on Term SOFR. Upon a payment default in respect of principal, interest or other amounts due and payable under the MSGN Credit Agreement or related loan documents, default interest will accrue on all overdue amounts at an ad ditional rate of 2.00% per annum. The MSGN Credit Agreement requires that MSGN L.P. pay a commitment fee ranging from 0.225% to 0.30% (d etermined based on a total net leverage ratio) in respect of the average daily unused commitments under the MSGN Revolving Credit Facility. MSGN L.P. will also be required to pay customary letter of credit fees, as well as fronting fees, to banks that issue letters of credit. The interest rate on the MSGN Term Loan Facility as of June 30, 2023 was 7.19%. Principal Repayments. Subject to customary notice and minimum amount conditions, MSGN L.P. may voluntarily repay outstanding loans under the MSGN Credit Agreement at any time, in whole or in part, without premium or penalty (except for customary breakage costs with respect to Eurodollar loans). The MSGN Term Loan Facility amortizes quarterly in accordance with its terms beginning March 31, 2020 through September 30, 2024 with a final maturity date of October 11, 2024. MSGN L.P. is required to make mandatory prepayments in certain circumstances, including without limitation from the net cash proceeds of certain sales of assets (including MSGN Collateral) or casualty insurance and/or condemnation recoveries (subject to certain reinvestment, repair or replacement rights) and the incurrence of certain indebtedness, subject to certain exceptions. Covenants. The MSGN Credit Agreement generally requires the MSGN Holdings Entities and MSGN L.P. and its restricted subsidiaries on a c onsolidated basis to comply with a maximum total leverage ratio of 5.50:1.00, subject, at the option of MSGN L.P. to an upward adjustment to 6.00:1.00 during the continuance of certain events. All borrowings under the MSGN Credit Agreement are subject to the satisfaction of customary conditions, including absence of a default and accuracy of representations and warranties. In addition, the MSGN Credit Agreement requires a minimum interest coverage ratio of 2.00:1.00 for the MSGN Holdings Entities and MSGN L.P. and its restricted subsidiaries on a consolidated basis. As of June 30, 2023, the MSGN Holdings Entities and MSGN L.P. and its restricted subsidiaries on a consolidated basis were in compliance with the covenants. In addition to the financial covenants discussed above, the MSGN Credit Agreement and the related security agreement contain certain customary representations and warranties, affirmative covenants, and events of default. The MSGN Credit Agreement contains certain restrictions on the ability of MSGN L.P. and its restricted subsidiaries to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the MSGN Credit Agreement, including the following: (i) incurring additional indebtedness and contingent liabilities; (ii) creating liens on certain assets; (iii) making investments, loans or advances in or to other persons; (iv) paying dividends and distributions or repurchasing capital stock; (v) changing their lines of business; (vi) engaging in certain transactions with affiliates; (vii) amending specified material agreements; (viii) merging or consolidating; (ix) making certain dispositions; and (x) entering into agreements that restrict the granting of liens. The MSGN Holdings Entities are also subject to customary passive holding company covenants. Guarantors and Collateral. All obligations under the MSGN Credit Agreement are guaranteed by the MSGN Holdings Entities and MSGN L.P.’s existing and future direct and indirect domestic subsidiaries that are not designated as excluded subsidiaries or unrestricted subsidiaries (the “MSGN Subsidiary Guarantors,” and together with the MSGN Holdings Entities, the “MSGN Guarantors”). All obligations under the MSGN Credit Agreement, including the guarantees of those obligations, are secured by certain assets of MSGN L.P. and each MSGN Guarantor (collectively, “MSGN Collateral”), including, but not limited to, a pledge of the equity interests in MSGN L.P. held directly by the Holdings Entities and the equity interests in each MSGN Subsidiary Guarantor held directly or indirectly by MSGN L.P. LV Sphere Term Loan Facility General. On December 22, 2022, MSG Las Vegas, LLC (“MSG LV”), an indirect, wholly-owned subsidiary of the Company, entered into a credit agreement with JP Morgan Chase Bank, N.A., as administrative agent and the lenders party thereto, providing for a five-year, $275,000 senior secured term loan facility (the “LV Sphere Term Loan Facility”). Interest Rates . Borrowings under the LV Sphere Term Loan Facility bear interest at a floating rate, which at the option of MSG LV may be either (i) a base rate plus a margin of 3.375% per annum or (ii) adjusted Term SOFR (i.e., Term SOFR plus 0.10%) plus a margin of 4.375% per annum. The interest rate on the LV Sphere Term Loan Facility as of June 30, 2023 wa s 9.56%. Principal Repayments . The LV Sphere Term Loan Facility will mature on December 22, 2027. The principal obligations under the LV Sphere Term Loan Facility are due at the maturity of the facility, with no amortization payments prior to maturity. Under certain circumstances, MSG LV is required to make mandatory prepayments on the loan, including prepayments in an amount equal to the net cash proceeds of casualty insurance and/or condemnation recoveries (subject to certain reinvestment, repair or replacement rights), subject to certain exceptions. Covenants . The LV Sphere Term Loan Facility and related guaranty by Sphere Entertainment Group include financial covenants requiring MSG LV to maintain a specified minimum debt service coverage ratio and requiring Sphere Entertainment Group to maintain a specified minimum liquidity level. The debt service coverage ratio covenant begins testing in the fiscal quarter ending December 31, 2023 on a historical basis and, beginning with the first fiscal quarter occurring after the date on which the first ticketed performance or event open to the general public occurs at Sphere in Las Vegas, is also tested on a prospective basis. Both the historical and prospective debt service coverage ratios are set at 1.35:1. In addition, among other conditions, MSG LV is not permitted to make distributions to Sphere Entertainment Group unless the historical and prospective debt service coverage ratios are at least 1.50:1. Following the Liquidity Covenant Reduction Date (as defined below), the minimum liquidity level for Sphere Entertainment Group is set at $50,000, with $25,000 required to be held in cash or cash equivalents. Prior to the Liquidity Covenant Reduction Date, the minimum liquidity level was $100,000, with $75,000 required to be held in cash or cash equivalents, which amounts (in addition to certain cash proceeds from the sale of the MSGE Retained Interest) were required to be held in an account pledged as collateral for the LV Sphere Term Loan Facility until its release upon the Liquidity Covenant Reduction Date. The Liquidity Covenant Reduction Date occurred on August 8, 2023, once Sphere in Las Vegas was substantially completed and certain of its systems were ready to be used in live, immersive events (the “Liquidity Covenant Reduction Date”). The minimum liquidity level was tested on the closing date and is tested as of the last day of each fiscal quarter thereafter based on Sphere Entertainment Group’s unencumbered liquidity, consisting of cash and cash equivalents and available lines of credit, as of such date. Following the completion of the MSGE Distribution, the MSGE Retained Interest was pledged to secure the LV Sphere Term Loan Facility and was released as collateral upon the Liquidity Covenant Reduction Date. A portion of the value of the MSGE Retained Interest may also be counted toward the minimum liquidity level. In addition to the covenants described above, the LV Sphere Term Loan Facility and the related guaranty and security and pledge agreements contain certain customary representations and warranties, affirmative and negative covenants and events of default. The LV Sphere Term Loan Facility contains certain restrictions on the ability of MSG LV and Sphere Entertainment Group to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the LV Sphere Term Loan Facility and the related guaranty and security and pledge agreements, including the following: (i) incur additional indebtedness; (ii) until the occurrence of the Liquidity Covenant Reduction Date, create liens on Sphere in Las Vegas, the MSGE Retained Interest or the real property intended for development as Sphere in London; (iii) make investments, loans or advances in or to other persons; (iv) pay dividends and distributions (which will restrict the ability of MSG LV to make cash distributions to the Company); (v) change its lines of business; (vi) engage in certain transactions with affiliates; (vii) amend organizational documents; (viii) merge or consolidate; and (ix) make certain dispositions. Guarantors and Collateral . All obligations under the LV Sphere Term Loan Facility are guaranteed by Sphere Entertainment Group. All obligations under the LV Sphere Term Loan Facility, including the guarantees of those obligations, are secured by all of the assets of MSG LV and certain assets of Sphere Entertainment Group including, but not limited to, MSG LV’s leasehold interest in the land on which Sphere in Las Vegas is located, a pledge of all of the equity interests held directly by Sphere Entertainment Group in MSG LV and, until the Liquidity Covenant Reduction Date, the Pledged Account and a pledge of the MSGE Retained Interest. Delayed Draw Term Loan Facility On April 20, 2023, the Company entered into the DDTL Facility with MSG Entertainment Holdings, LLC (“MSG Entertainment Holdings”). Pursuant to the DDTL Facility, MSG Entertainment Holdings committed to lend up to $65,000 in delayed draw term loans to the Company on an unsecured basis for a period of 18 months following the consummation of the MSGE Distribution. As of June 30, 2023, the Company had not drawn upon the DDTL Facility. Borrowings under the DDTL Facility bear interest at a variable rate equal to either, at the option of the Company, (a) a base rate plus an applicable margin, or (b) Term SOFR plus 0.10%, plus an applicable margin. The applicable margin equals the applicable margin under the National Properties Credit Facilities, plus 1.00% per annum. Subject to customary borrowing conditions, the DDTL Facility is drawable in up to six separate borrowings of $5 million or more. The DDTL Facility is prepayable at any time without penalty and amounts repaid on the DDTL Facility may not be reborrowed. If drawn, the Company has the option to make any payments of principal, interest or fees under the DDTL Facility either in cash or by delivering to MSG Entertainment Holdings shares of MSG Entertainment Class A common stock. If the Company elects to make any payment in the form of MSG Entertainment Class A common stock, the amount of such payment would be calculated based on the dollar volume-weighted average trading price for MSG Entertainment Class A common stock for the twenty The DDTL Facility contains certain representations and warranties and affirmative and negative covenants, including, among others, financial reporting, notices of material events, and limitations on asset dispositions restricted payments, and affiliate transactions. On July 14, 2023, the Company borrowed the full $65,000 amount available under the DDTL Facility and subsequently, on August 9, 2023, repaid all amounts outstanding under the DDTL Facility (including accrued interest and commitment fees) using a portion of the MSGE Retained Interest. Debt Maturities Maturities for the outstanding long term debt balances as of June 30, 2023 were as follows: MSG Networks Credit Facilities LV Sphere Term Loan Facility Total Fiscal year ending June 30, 2024 $ 82,500 $ — $ 82,500 Fiscal year ending June 30, 2025 849,750 — 849,750 Fiscal year ending June 30, 2026 — — — Fiscal year ending June 30, 2027 — — — Fiscal year ending June 30, 2028 — 275,000 275,000 Thereafter — — — Total Long-term debt $ 932,250 $ 275,000 $ 1,207,250 Interest payments and loan principal repayments made by the Company under the credit agreements for Fiscal Years 2023, 2022, and 2021 were as follows: Interest Payments Loan Principal Repayments Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 MSG Networks Credit Facilities $ 58,311 $ 19,173 $ 18,559 $ 66,000 $ 49,500 $ 38,500 LV Sphere Term Loan Facility 12,825 — — — — — Total Payments $ 71,136 $ 19,173 $ 18,559 $ 66,000 $ 49,500 $ 38,500 The carrying value and fair value of the Company’s financial instruments reported in the accompanying consolidated balance sheets as of June 30, 2023 and 2022 were as follows: June 30, 2023 June 30, 2022 Carrying Value (a) Fair Carrying Value (a) Fair Liabilities: MSG Networks Credit Facilities $ 932,250 $ 927,589 $ 998,250 $ 958,320 LV Sphere Term Loan Facility 275,000 272,250 — — Total Long-term debt $ 1,207,250 $ 1,199,839 $ 998,250 $ 958,320 _________________ (a) The total carrying value of the Company’s financial instruments as of June 30, 2023 and 2022 is equal to the current and non-current principal payments for the Company’s credit agreements excluding unamortized deferred financing costs of $6,363 and $2,716, 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
	Jun. 30, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Pension Plans and Other Postretirement Benefit Plans	Pension Plans and Other Postretirement Benefit Plan Defined Benefit Pension Plans and Postretirement Benefit Plan Prior to the MSGE Distribution, the Company sponsored (i) a non-contributory, qualified cash balance retirement plan covering its non-union employees (the “Cash Balance Plan”), (ii) an unfunded non-contributory, non-qualified excess cash balance plan covering certain employees who participate in the underlying qualified plan (the “MSGE Excess Cash Balance Plan”), (iii) an unfunded non-contributory, non-qualified excess balance plan covering certain employees who participate in the underlying qualified plan (the “Networks Excess Cash Balance Plan”), (iv) an unfunded non-contributory, non-qualified benefit pension plan for the benefit of certain employees who participated in a frozen non-contributory qualified defined benefit plan, which became part of the Cash Balance Plan on March 1, 2011 (the “MSGE Excess Retirement Plan”), (v) an unfunded non-contributory, non-qualified benefit pension plan for the benefit of certain employees who participated in a frozen non-contributory qualified defined benefit plan, which became part of the Cash Balance Plan on March 1, 2022 (the “Networks Excess Retirement Plan”), (vi) a non-contributory, qualified defined benefit pension plan covering certain of the Company’s union employees (the “Union Plan”), and (vii) a non-contributory, qualified defined benefit pension plan covering certain of its union employees (the “Networks 1212 Plan”). The Cash Balance Plan was amended to freeze participation and future benefit accruals. Therefore, since December 31, 2015, no new participants have been able to participate in the Cash Balance Plan and the Excess Cash Balance Plan and no further annual pay credits will be made for any future year. Existing account balances under the Cash Balance Plan and the Excess Cash Balance Plan will continue to be credited with monthly interest in accordance with the terms of the plans. As of December 31, 2007, the MSGE Excess Retirement 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 the MSGE Excess Retirement Plan. The sponsorship of the Cash Balance Plan, the MSGE Excess Cash Balance Plan, the MSGE Excess Retirement Plan and the Union Plan was transferred from the Company to MSG Entertainment in connection with the MSGE Distribution. In addition, certain assets, if any, and liabilities associated with the Cash Balance Plan, the MSGE Excess Cash Balance Plan, the MSGE Excess Retirement plan and the Union Plan were also transferred from the Company to MSG Entertainment in connection with the MSGE Distribution. After the MSGE Distribution, the Company continues to sponsor the Networks 1212 Plan, Networks Excess Cash Balance Plan, and the Networks Excess Retirement Plan (together, the “Networks Plans”). In connection with the MSGE Distribution, the Company established an unfunded non-contributory, non-qualified frozen excess cash balance plan covering certain employees who participated in the Cash Balance Plan (the “Sphere Excess Plan”). The Networks Plans and Sphere Excess Plans are collectively referred to as the “Pension Plans.” Prior to the MSGE Distribution, the Company sponsored two contributory welfare plans which provided certain postretirement healthcare benefits to certain employees hired prior to January 1, 2001. The sponsorship of the postretirement plan covering Networks employees was retained by the Company (the “Postretirement Plan”) while the postretirement plan covering MSGE employees was transferred to MSG Entertainment in connection with MSGE Distribution. In addition, the liabilities associated with the postretirement plan for MSGE employees were transferred from the Company to MSG Entertainment in connection with the MSGE Distribution. The following table summarizes the projected benefit obligations, assets, funded status and the amounts recorded on the Company’s consolidated balance sheets as of June 30, 2023 and 2022, associated with the pension plans and Postretirement Plan based upon actuarial valuations as of those measurement dates. Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Change in benefit obligation: Benefit obligation at beginning of period $ 39,683 $ 49,110 $ 1,598 $ 1,795 Service cost 245 371 20 27 Interest cost 1,755 1,048 68 31 Actuarial loss (gain) (a) (1,485) (8,771) 292 (244) Benefits paid (2,153) (2,075) (179) (11) Acquisitions 141 — — — Plan settlements paid (50) — — — Benefit obligation at end of period 38,136 39,683 1,799 1,598 Change in plan assets: Fair value of plan assets at beginning of period 18,756 24,231 — — Actual return on plan assets (312) (4,592) — — Employer contributions 500 — — — Benefits paid (968) (883) — — Fair value of plan assets at end of period 17,976 18,756 — — Funded status at end of period $ (20,160) $ (20,927) $ (1,799) $ (1,598) _____________________ (a) In Fiscal Year 2023 and Fiscal Year 2022, the actuarial gains on the benefit obligations were primarily due to a net increase in discount and interest crediting rates.. Amounts recognized in the consolidated balance sheets as of June 30, 2023 and 2022 consist of: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Current liabilities (included in Accounts payable, accrued, and other current liabilities) $ (1,355) $ (1,270) $ (157) $ (133) Non-current liabilities (included in Other non-current liabilities) (18,805) (19,657) (1,642) (1,465) $ (20,160) $ (20,927) $ (1,799) $ (1,598) Accumulated other comprehensive loss, before income tax, as of June 30, 2023 and 2022 consists of the following amounts that have not yet been recognized in net periodic benefit cost: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Actuarial gain (loss) $ (7,249) $ (7,883) $ 203 $ 563 The following table presents components of net periodic benefit cost for the pension plans and Postretirement Plan included in the accompanying consolidated statements of operations for Fiscal Years 2023, 2022, and 2021. Service cost is recognized in Direct operating expenses and Selling, general and administrative expenses. All other components of net periodic benefit cost are reported in Other income (expense), net. Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Service cost $ 245 $ 371 $ 404 $ 20 $ 27 $ 34 Interest cost 1,755 1,048 1,027 68 31 33 Expected return on plan assets (853) (858) (740) — — — Recognized actuarial loss (gain) 358 585 506 (69) (27) — Settlement gain (12) — — — — — Net periodic benefit cost $ 1,493 $ 1,146 $ 1,197 $ 19 $ 31 $ 67 Other pre-tax changes in plan assets and benefit obligations recognized in other comprehensive income (loss) for Fiscal Years 2023, 2022, and 2021 are as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Actuarial gain (loss), net $ 288 $ 3,318 $ (709) $ (292) $ 243 $ 305 Recognized actuarial loss (gain) 358 585 506 (69) (27) — Settlement gain (12) — — — — — Total recognized in other comprehensive income (loss) $ 634 $ 3,903 $ (203) $ (361) $ 216 $ 305 Funded Status The accumulated benefit obligation for the pension plans aggregated to $37,842 and $39,355 at June 30, 2023 and 2022, respectively. As of June 30, 2023 and 2022, each of the pension plans had accumulated benefit obligations and projected benefit obligations in excess of plan assets. Pension Plans and Postretirement Plan Assumptions Weighted-average assumptions used to determine benefit obligations (made at the end of the period) as of June 30, 2023 and 2022 are as follows: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Discount rate 5.34 % 4.82 % 5.41 % 4.66 % Rate of compensation increase 3.00 % 3.00 % n/a n/a Interest crediting rate 3.77 % 2.76 % n/a n/a Healthcare cost trend rate assumed for next year n/a n/a 7.00 % 6.00 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) n/a n/a 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate n/a n/a 2032 2027 Weighted-average assumptions used to determine net periodic benefit cost (made at the beginning of the period) for Fiscal Years 2023, 2022, and 2021 are as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Discount rate - projected benefit obligation 4.81 % 1.36 % 2.69 % 4.66 % 2.25 % 2.16 % Discount rate - service cost 5.06 % 3.13 % 3.05 % 4.89 % 2.62 % 2.46 % Discount rate - interest cost 4.55 % 2.18 % 2.10 % 4.38 % 1.75 % 1.73 % Expected long-term return on plan assets 5.00 % 3.96 % 3.31 % n/a n/a n/a Rate of compensation increase 3.00 % 3.00 % 3.00 % n/a n/a n/a Interest crediting rate 3.77 % 2.76 % 1.37 % n/a n/a n/a Healthcare cost trend rate assumed for next year n/a n/a n/a 6.00 % 6.25 % 6.50 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) n/a n/a n/a 5.00 % 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate n/a n/a n/a 2027 2027 2027 The discount rates were determined (based on the expected duration of the benefit payments for the plans) from the Willis Towers Watson U.S. Rate Link: 40-90 Discount Rate Model as of June 30, 2023 and 2022 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, 2023 and 2022 was as follows: As of June 30, Asset Classes (a) : 2023 2022 Fixed income securities 75 % 99 % Cash equivalents 25 % 1 % 100 % 100 % _____________________ (a) The Company’s target allocation for the assets of the Networks 1212 Plan is 100% fixed income securities as of June 30, 2023. Investment allocation decisions have been made by the Company’s Investment and Benefits Committee. The Investment and Benefits Committee utilizes 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 and Benefits Committee. The investment manager also considers each applicable Pension Plans’ liabilities when making investment allocation recommendations. The majority of the Pension Plans’ assets are invested in fixed income securities. Investments at Estimated Fair Value The cumulative fair values of the individual plan assets at June 30, 2023 and 2022 by asset class are as follows: Fair Value Hierarchy As of June 30, 2023 2022 Fixed income securities: Money market fund (a) I $ 4,533 $ 218 Common collective trust (b) II 13,443 18,538 Total investments measured at fair value $ 17,976 $ 18,756 _____________________ (a) Money market funds 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) Common collective trust (CCT) is a non-exchange traded fund, classified within Level II of the fair value hierarchy at its net asset value (NAV) as reported by the Trustee. The NAV is based on the fair value of the underlying investments held by the fund which are based on quoted market prices less its liabilities. The CCT publish daily NAV and use such value as the basis for current transactions. Contributions for Qualified Defined Benefit Pension Plans During Fiscal Year 2023, the Company contributed $500 to the Networks 1212 Plan. The Company expects to contribute $500 to the Networks 1212 Plan in Fiscal Year 2024. Estimated Future Benefit Payments The following table presents estimated future fiscal year benefit payments for the Pension Plans and Postretirement Plan: Pension Postretirement Fiscal year ending June 30, 2024 $ 2,605 $ 162 Fiscal year ending June 30, 2025 $ 2,734 $ 196 Fiscal year ending June 30, 2026 $ 2,943 $ 190 Fiscal year ending June 30, 2027 $ 3,018 $ 203 Fiscal year ending June 30, 2028 $ 2,970 $ 197 Fiscal years ending June 30, 2029 – 2033 $ 15,140 $ 965 Defined Contribution Plan The Company sponsors the MSGN Holdings, L.P. Excess Savings Plan and the Sphere Entertainment Excess Savings Plan. The Company also participates in the Madison Square Garden 401(k) Savings Plan (the “401(k) Plan”). For Fiscal Years 2023, 2022, and 2021, expenses related to the Savings Plans that are included in the accompanying consolidated statements of operations were $7,421, $5,778 and $3,369, respectively. Multiemployer Plans The Company contributes to a number of multiemployer defined benefit pension plans, multiemployer defined contribution 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 Company was not listed in any of the multiemployer plans’ 5500’s as providing more than 5% of the total contributions . There were no multiemployer defined benefit pension plans, to which the company contributes, that were in a redzone (which are plans that are generally less than 65% funded) for the most recent Pension Protection Act zone status available as of June 30,2023. The Company contributed $677, $389 and $299 for Fiscal Years 2023, 2022, and 2021, respectively, for multiemployer defined benefit pension plans. Multiemployer Defined Contribution Plans The Company contributed $142, $152 and $106 for Fiscal Years 2023, 2022, and 2021, respectively, to multiemployer defined contribution plans. Executive Deferred Compensation Plan The Company sponsors the Sphere Entertainment Corp. Executive Deferred Compensation Plan (the “Deferred Compensation Plan”), for the purpose of permitting 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 Company’s current employees were transferred from a deferred compensation plan sponsored by MSG Entertainment to the Deferred Compensation Plan. 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 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 Other income (expense), net in the Company’s consolidated statements of operations. The Company recorded compensation expense (compensation cost credits) of $83, for the year ended June 30, 2023, 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, 2023 related to the Deferred Compensation Plan consist of: June 30, Non-current assets (included in Other non-current assets) $ 1,087 Non-current liabilities (included in Other non-current liabilities) $ (1,087)

Share-based Compensation

Share-based Compensation	12 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement, Disclosure [Abstract]
Share-based Compensation	Share-based Compensation Share-based Compensation Expense The Company has three share-based compensation plans: the 2020 Employee Stock Plan (as amended, the “Employee Stock Plan”), the 2020 Stock Plan for Non-Employee Directors (as amended, the “Non-Employee Director Plan”) and the MSG Networks Inc. 2010 Employee Stock Plan (as amended, the “MSG Networks Employee Stock Plan”). Share-based compensation expense is generally recognized straight-line over the vesting term of the award, which typically provides for three-year cliff or graded vesting subject to continued employment. For awards that provide for graded vesting and are subject to performance conditions, in addition to continued employment, the Company uses the graded-vesting method to recognize share-based compensation expense. In connection with the MSGE Distribution, pursuant to the terms of the incentive plans and applicable award agreements, (i) each holder of an employee restricted stock unit (“RSU”) and performance stock unit (“PSU”) received one MSG Entertainment RSU or PSU in respect of every one Company RSU or PSU owned on the Record Date and continues to be entitled to one share of the Company’s Class A Common Stock for each Company RSU or PSU in accordance with the existing award agreement, (ii) one share of MSG Entertainment Class A Common Stock was issued under the MSG Entertainment Non-Employee Director Plan in respect of every one RSU outstanding under the Company’s 2020 Stock Plan for Non-Employee Directors, which remain outstanding and continue to be entitled to a share of the Company’s Class A Common Stock in accordance with the existing award agreement, and (iii) each option to purchase the Company’s Class A Common Stock became two options: one option to acquire MSG Entertainment Class A Common Stock and one option to acquire the Company’s Class A Common Stock. The existing exercise price was allocated between the Company’s options and the new MSG Entertainment options based upon the weighted average price of each of our Class A Common Stock and MSG Entertainment Class A Common Stock over the ten trading days immediately following the MSGE Distribution as reported by Bloomberg, and the underlying share amount was consistent with the one-to-one distribution ratio in the MSGE Distribution. Other than the split of the options and the allocation of the existing exercise price, there were no additional adjustments to existing options in connection with the MSGE Distribution. The Company’s RSUs/PSUs and/or stock options held by individuals who are solely employees of MSG Sports or MSG Entertainment 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. The following table summarizes the Company’s share-based compensation expense for Fiscal Years 2023, 2022, and 2021: Fiscal Year Ended June 30, 2023 2022 2021 Share-based compensation expense (a) $ 42,607 $ 56,760 $ 59,786 _________________ (a) Share-based compensation excludes costs that have been capitalized of $3,642 , $2,979 and $5,476 for Fiscal Years 2023, 2022, and 2021, respectively. For Fiscal Years 2023, 2022, and 2021, share-based compensation also excludes costs of $8,118, $4,254, and nil, respectively, that have been reclassified to Restructuring charges in the consolidated statements of operations, as detailed in Note 5, Restructuring Charges. RSU and PSU Award Activity The following table summarizes activity related to the Company’s RSUs and PSUs, held by the Company, MSG Sports and MSG Entertainment employees for Fiscal Year 2023: Number of Weighted-Average Grant-date Fair Value (a) RSUs PSUs Unvested award balance as of June 30, 2022 1,072 845 $ 75.70 Granted 833 593 $ 50.81 Vested (b) (696) (170) $ 72.32 Forfeited (69) (89) $ 63.82 Unvested award balance as of June 30, 2023 1,140 1,179 $ 63.74 _________________ (a) Weighted-average grant-date fair value as of June 30, 2022 and for activity prior to MSGE Distribution Date does not reflect any adjustment associated with the MSGE Distribution. See Note 1. Description of Business for further detail for the MSGE Distribution. (b) The fair value of RSUs and PSUs that vested and were distributed during Fiscal Year 2023 was $42,467. Upon delivery, RSUs and PSUs granted under the Employee Stock Plan and the MSG Networks Employee Stock Plan 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, 354 awards, with an aggregate value of $17,477 were retained by the Company during Fiscal Year 2023, 6 of these awards, with an aggregate value of $305, were related to MSG Sports employees. As of June 30, 2023, there was $32,195 of unrecognized compensation cost related to unvested RSUs and PSUs held by the Company’s employees. The cost is expected to be recognized over a weighted-average period of approximately 2 years. Additionally, there was no unrecognized compensation cost related to unvested stock options held by the Company’s employees. The following table summarizes additional information about RSUs and PSUs: Years Ended June 30, 2023 2022 2021 (a) Weighted average grant date fair value per share of awards granted $ 50.81 $ 79.34 $ 69.66 Fair value of awards vested $ 42,467 $ 39,530 $ 27,077 _____________________ (a) Includes the MSG Networks Inc. share conversion of 0.172 RSUs for the Company’s Class A Common Stock as mentioned below in the “Treatment After Merger with MSG Networks Inc.” section of the footnote. Intrinsic value for awards vested is based on the market value of the date of release. Stock Options Award Activity Compensation expense for the Company’s existing stock options 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 The following table summarizes activity related to the Company’s stock options for Fiscal Year 2023: Number of Weighted-Average Exercise Price Per Share (a) Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of June 30, 2022 724 $ 103.88 Options granted in Fiscal Year 2023 — $ — Balance as of June 30, 2023 724 $ 48.03 2.47 $ — Exercisable as of June 30, 2023 724 $ 48.03 2.47 $ — _________________ (a) Weighted-average exercise price per share as of June 30, 2022 and for activity prior to MSGE Distribution Date does not reflect any adjustment associated with the MSGE Distribution. See Note 1. Description of Business for further detail for the MSGE Distribution. Effective as of the 2020 Entertainment Distribution, the Company adopted two share-based compensation plans: the 2020 Employee Stock Plan (the “Employee Stock Plan”) and the 2020 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, RSUs, stock appreciation rights and other equity-based awards. The Company may grant awards for up to 4,500 shares of Class A Common Stock (subject to certain adjustments). 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 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 Under the Non-Employee Director Plan, the Company is authorized to grant non-qualified stock options, RSUs, restricted shares, stock appreciation rights and other equity-based awards. The Company may grant awards for up to 250 shares of Class A Common Stock (subject to certain adjustments). Options under the Non-Employee Director Plan must be granted with an exercise price of not less than the fair market value of a share of 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 additional year in the case of the death of a holder). The terms and conditions of awards granted under the Non-Employee Director Plan, including vesting and exercisability, were determined by the Compensation Committee. Unless otherwise provided in an applicable award agreement, options granted under this plan will be fully vested and exercisable upon the date of grant. Unless otherwise provided in an applicable award agreement, RSUs granted under this plan will be fully vested upon the date of grant and will settle in shares of Class A Common Stock (either from treasury or with newly issued shares), or, at the option of the Compensation Committee, in cash, on the first business day after ninety days from the date the director incurs a separation from service or, if earlier, upon the director’s death. Treatment After the Merger with MSG Networks Inc. Prior to the Networks Merger, share-based compensation awards were granted by MSG Networks Inc. under the MSG Networks Inc. 2010 Employee Stock Plan, as amended, (the “MSG Networks Employee Stock Plan”) and the MSG Networks Inc. 2010 Stock Plan for Non-Employee Directors (together with the MSG Networks Employee Stock Plan, the “MSGN Equity Incentive Plans”). Upon exercise of stock options or vesting of time-based RSUs and performance condition based RSUs, collectively referred to as RSUs, under MSGN Equity Incentive Plans, shares were either issued from MSG Networks Inc.’s unissued reserved stock or from treasury stock. At the effective time of the Networks Merger, each RSU for MSG Networks Inc.’s common stock was converted into 0.172 RSUs for Class A Common Stock and each outstanding stock option for MSG Networks Inc.’s common stock was converted into 0.172 options for Class A Common Stock. The exercise price of stock options was adjusted by dividing the exercise price of MSG Networks Inc.’s stock options by 0.172 (rounded to the nearest whole cent). All outstanding performance-based vesting RSU or stock option awards for which the performance period had not been completed were converted into time-based (non-performance based) vesting RSUs or stock option awards, respectively, based on the 100% target number of shares included in the terms of the original award (“Performance Award Conversion”). This conversion did not result in a modification of the existing awards for accounting purposes. In connection with the closing of the Networks Merger, we assumed the MSG Networks Employee Stock Plan and may grant awards covering shares of Class A Common Stock under that plan to certain employees of the Company (non-overlap MSG Networks Inc. employees at the time of the Networks Merger). Under the MSG Networks Employee Stock Plan, the Company is authorized to grant incentive stock options, non-qualified stock options, restricted shares, RSUs, stock appreciation rights and other equity-based awards. The total number of shares of MSG Networks Inc. Class A Common Stock that were originally eligible to be issued pursuant to awards under MSG Networks Employee Stock Plan was 12,500 (subject to certain adjustments). Options and stock appreciation rights under the MSG Networks Employee Stock Plan must be granted with an exercise price of not less than the fair market value of a share of 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 additional year in the case of the death of a holder). The terms and conditions of awards granted under the MSG Networks Employee Stock Plan, including vesting and exercisability, were determined by the Compensation Committee and included terms or conditions based upon performance criteria. RSUs that were awarded by the Company to its employees will settle in shares of Class A Common Stock (either from treasury or with newly issued shares), or, at the option of the Compensation Committee, in cash.

Equity

Equity	12 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Equity	Equity Stock Repurchase Program On March 31, 2020, the Company’s Board of Directors authorized the repurchase of up to $350,000 of the Company’s Class A Common Stock. The program was re-authorized by the Company’s Board of Directors on March 29, 2023. Under the authorization, shares of Class A Common Stock may be purchased from time to time in accordance with applicable insider trading and other securities laws and regulations. The timing and amount of purchases will depend on market conditions and other factors. The Company has not engaged in any share repurchase activities under its share repurchase program to date. Accumulated Other Comprehensive Loss The following table details the components of accumulated other comprehensive loss: Pension Plans and Cumulative Translation Adjustments Accumulated Balance as of June 30, 2022 $ (40,287) $ (8,068) $ (48,355) Other comprehensive income (loss): Other comprehensive income before reclassifications — 6,656 6,656 Amounts reclassified from accumulated other comprehensive loss (a) 1,755 — 1,755 Income tax expense (323) (1,212) (1,535) Other comprehensive income, total 1,432 5,444 6,876 Disposition of Tao Group Hospitality — 2,824 2,824 Distribution of MSG Entertainment 33,717 — 33,717 Balance as of June 30, 2023 $ (5,138) $ 200 $ (4,938) Pension Plans and Cumulative Translation Adjustments Accumulated Balance as of June 30, 2021 $ (45,425) $ 15,153 $ (30,272) Other comprehensive income (loss): Other comprehensive loss before reclassifications — (25,034) (25,034) Amounts reclassified from accumulated other comprehensive loss (a) 2,734 — 2,734 Income tax benefit 2,404 1,813 4,217 Other comprehensive income (loss), total 5,138 (23,221) (18,083) Balance as of June 30, 2022 $ (40,287) $ (8,068) $ (48,355) Pension Plans and Cumulative Translation Adjustments Accumulated Balance as of June 30, 2020 $ (40,248) $ (10,225) $ (50,473) Other comprehensive income (loss): Other comprehensive (loss) income before reclassifications (404) 27,688 27,284 Amounts reclassified from accumulated other comprehensive loss (a) (2,445) — (2,445) Income tax expense (2,328) (2,310) (4,638) Other comprehensive (loss) income, total (5,177) 25,378 20,201 Balance as of June 30, 2021 $ (45,425) $ 15,153 $ (30,272) ________________ (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 statements of operations (see Note 13. Pension Plans and Other Postretirement Benefit Plan).

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense (benefit) attributable to continuing operations is comprised of the following components: Years Ended June 30, 2023 2022 2021 Current expense (benefit): Federal $ (1,389) $ (1,555) $ (19,310) State and other 4,672 (9,927) (10,378) 3,283 (11,482) (29,688) Deferred expense (benefit): Federal 59,253 (17,665) 35,564 State and other 40,867 (683) 33,031 100,120 (18,348) 68,595 Income tax expense (benefit) $ 103,403 $ (29,830) $ 38,907 The income tax expense (benefit) attributable to continuing operations 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: Years Ended June 30, 2023 2022 2021 Federal tax expense (benefit) at statutory federal rate 57,840 (35,213) $ 9,142 State income taxes, net of federal benefit 35,656 (3,970) 9,222 Change in the estimated applicable tax rate used to determine deferred taxes 1,286 (1,732) 5,332 Change in valuation allowance (2,053) (2,200) 4,863 Nondeductible officers’ compensation 4,814 12,759 9,646 Nondeductible expenses 291 172 139 Excess tax benefit related to share-based payment awards 4,678 320 962 Other 891 34 (399) Income tax expense (benefit) $ 103,403 $ (29,830) $ 38,907 The tax effects of temporary differences which give rise to significant portions of the deferred tax assets and liabilities at June 30, 2023 and 2022 are as follows: June 30, 2023 2022 Deferred tax asset: Net operating loss (“NOL”) carryforwards $ 26,684 $ 172,595 Tax credit carryforwards — 2,682 Accrued employee benefits 27,349 14,335 Restricted stock units and stock options 9,231 11,931 Right-of-use lease assets and lease liabilities, net 11,040 7,250 Investments — 26,946 Accrued litigation 14,991 — Other 3,694 2,251 Total deferred tax assets $ 92,989 $ 237,990 Less valuation allowance (30) (2,923) Net deferred tax assets $ 92,959 $ 235,067 Deferred tax liabilities: Intangible and other assets $ (264,800) $ (264,605) Property and equipment (105,405) (109,556) Prepaid expenses (5,870) (2,091) Deferred interest (12,474) (3,206) Other investments (83,962) — Total deferred tax liabilities $ (472,511) $ (379,458) Deferred tax liabilities, net $ (379,552) $ (144,391) 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 assets 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 federal net operating loss carryforward and its future deductible temporary differences. As of June 30, 2023, based on current facts and circumstances, management believes that it is more likely than not that the Company will not realize its deferred tax assets related to foreign NOLs. The Company will continue to assess the realizability of its deferred tax assets on a quarterly basis. The federal NOL carryforward as of June 30, 2023 was approximately $119,000 and is carried forward indefinitely. Prior to the MSGE Distribution, the Company and MSG 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, the Company 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 Company does not have any recorded tax benefit for uncertain tax positions as of June 30, 2023 and 2022.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of June 30, 2023, members of the Dolan family including trusts for member of the Dolan family (collectively, the “Dolan Family Group”), for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, collectively beneficially owned 100% of the Company’s outstanding Class B Common Stock and approximately 5.5% of the Company’s outstanding Class A Common Stock (inclusive of options exercisable within 60 days of June 30, 2023). Such shares of Class A Common Stock and Class B Common Stock, collectively, represent approximately 72.3% of the aggregate voting power of Company’s outstanding common stock. Members of the Dolan family are also the controlling stockholders of MSG Entertainment, MSG Sports and AMC Networks Inc. (“AMC Networks”). Current Related Party Arrangements As of June 30, 2023, the Company was party to the following agreements and/or arrangements with MSG Entertainment and MSG Sports, as applicable: • Media rights agreements with MSG Sports pursuant to which the Company has the exclusive live media rights to Knicks and Rangers games in their local markets; • MSGE TSA pursuant to which the Company receives certain services from MSG 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. The Company also provides certain services to MSG Entertainment, including studio and corporate technology services, in exchange for service fees; • The DDTL Facility with MSG Entertainment that provided for a $65,000 senior unsecured delayed draw term loan facility. The DDTL Facility was fully drawn on July 14, 2023 and on August 9, 2023, the Company repaid all amounts outstanding under the DDTL Facility (including accrued interest and commitment fees) using a portion of the MSGE Retained Interest. See Note 12. Credit Facilities and Note 21. Subsequent Events for more information; • A stockholder and registration rights agreement with MSG Entertainment pursuant to which the Company has “demand” and “piggyback” registration rights with respect to the MSGE Retained Interest. In addition, the Company has agreed to vote the MSGE Retained Interest in proportion to the votes cast by the other holders of MSG Entertainment’s class A common stock, to the extent such shares of class A common stock are entitled to be voted on such matter. The Company has granted MSG Entertainment an irrevocable proxy to implement these voting agreements. See Note 7. Investments in Nonconsolidated Affiliates for additional information on the MSGE Retained Interest; • Other agreements with MSG Entertainment entered into in connection with the MSGE Distribution, including a distribution agreement, a tax disaffiliation agreement, an employee matters agreement, a trademark license agreement and certain other arrangements; • Aircraft time sharing agreements pursuant to which MSG Entertainment has agreed from time to time to make certain aircraft available to the Company for use on a “time sharing” basis; • Other agreements with MSG Sports entered into in connection with the 2020 Entertainment Distribution such as a distribution agreement, a tax disaffiliation agreement, an employee matters agreement, and certain other arrangements. 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 MSG Entertainment and MSG Sports, (ii) the Company’s Vice Chairman with MSG Entertainment, MSG Sports and AMC Networks and (iii) the Company’s Executive Vice President with MSG Sports and AMC Networks. Additionally, the Company, MSG Entertainment, MSG Sports and AMC Networks have agreed on an allocation of the costs of certain other aircraft, including helicopter, use by shared executives. In addition, the Company, through its MSG Networks segment, has also entered into various agreements with AMC Networks with respect to a number of ongoing commercial relationships. From time to time the Company enters into arrangements with 605, LLC. James L. Dolan, the Company’s Executive Chairman, Chief Executive Officer and a director, and his spouse, Kristin A. Dolan (a director of the Company), own 50% of 605, LLC. Kristin A. Dolan is also the founder and Non-Executive Chairman of 605, LLC. 605, LLC provides audience measurement and data analytics services to the Company and its subsidiaries in the ordinary course of business. The Company has also entered into certain commercial agreements with its equity method investment nonconsolidated a ffiliates in connection with Sphere. For Fiscal Years 2023, 2022, and 2021 the Company recorded $93,823, $121,115, and $66,525 respectively, of capital expenditures in connection with services provided to the Company under these agreements. As of June 30, 2023, 2022, and 2021 accrued capital expenditures associated with related parties were $13,412, $25,028, and $6,921 respectively, and are reported within Accrued and other current liabilities in the accompanying consolidated balance sheets. Related Party Arrangements Prior to the MSGE Distribution Following the MSGE Distribution, except as otherwise noted, the Company is no longer party to the arrangements described below. However, the amounts associated with such arrangements are reflected in the Company’s results of operations for the periods prior to the MSGE Distribution. The Company was party to a services agreement (the “MSG Sports Services Agreement”) pursuant to which the Company provided certain corporate and other 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 provided certain services to the Company, including certain legal functions, communications, ticket sales and certain operational and marketing services, in exchange for service fees. This agreement was assigned to MSG Entertainment. The Company also shared 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 MSG Sports and (ii) the Company’s Vice Chairman with MSG Sports and AMC Networks. Prior to April 1, 2022, the Company also shared costs for the Company’s former President with MSG Sports. Following the MSGE Distribution, the Company also shares these expenses with MSG Entertainment. See “— Current Related Party Arrangements.” The Company was a party to various aircraft arrangements, which were assigned to MSG Entertainment in connection with the MSGE Distribution. The Company was 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 had agreed from time to time to make its aircraft available to CFD and CFD had agreed from time to time to make their aircraft available to the Company. Pursuant to the terms of the agreements, CFD could lease on a non-exclusive, “time sharing” basis, certain Company aircraft. The Company was 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 had 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 could utilize pilots employed by DFO for purposes of flying the Challenger when the Company was leasing that aircraft under the Company’s dry lease agreement with Brighid Air. Pursuant to certain aircraft support services agreements (the “Support Agreements”), the Company provided 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. 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 and a director of the Company, pursuant to which the Company from time to time made its aircraft available to Q2C, and Q2C, from time to time made its aircraft available to the Company, and (ii) an aircraft support services agreement with an entity controlled by James L. Dolan, pursuant to which the Company provided certain aircraft support services. These agreements were no longer effective as of December 21, 2021. The Company and each of MSG Sports and AMC Networks were party to certain aircraft time sharing agreements, pursuant to which the Company had agreed from time to time to make aircraft available to MSG Sports and/or AMC Networks for lease on a “time sharing” basis. Additionally, the Company, MSG Sports and AMC Networks had agreed on an allocation of the costs of certain aircraft and helicopter use by their shared executives. In addition to the aircraft arrangements described above, certain executives of the Company were party to aircraft time sharing agreements, pursuant to which the Company had agreed from time to time to make certain aircraft available for lease on a “time sharing” basis for personal use in exchange for payment of actual expenses of the flight (as listed in the agreement). Revenues and Operating Expenses The following table summarizes the composition and amounts of the transactions with the Company’s affiliates. The significant components of these amounts are discussed below. These amounts are reflected in revenues and operating expenses in the accompanying consolidated statements of operations for Fiscal Years 2023, 2022, and 2021: Years Ended June 30, 2023 2022 2021 Revenues $ 2,079 $ 1,220 $ — Operating expenses (credits): Media rights fees $ 172,581 $ 163,131 $ 143,464 Cost reimbursement from MSG Sports - MSG Sports Services Agreement (29,836) (38,254) (36,502) Corporate general and administrative expenses, net - MSGE TSA 27,494 — — Origination, master control and technical services 4,982 4,880 4,784 Other operating expenses, net 261 952 3,381 Total operating expenses, net (a) $ 175,482 $ 130,709 $ 115,127 _____________________ (a) Of the total operating expenses, net, $206,804, $167,928 and $150,226 for Fiscal Years 2023, 2022, and 2021, respectively, are included in direct operating expenses in the accompanying consolidated statements of operations, and $(31,322), $(37,219) and $(35,099) for Fiscal Years 2023, 2022, and 2021, respectively, are included as net credits in selling, general and administrative expenses. Revenues Revenues from related parties relate primarily to MSG Networks virtual signage with MSG Sports with the Knicks and Rangers. Operating Expenses Media Rights Fees MSG Networks’ media rights agreements with MSG Sports, effective as of July 1, 2015, provide the MSG Networks segment with the exclusive live media rights to Knicks and Rangers games in their local markets. These media rights fees are paid to MSG Sports. Cost reimbursement from MSG Sports — MSG Sports Services Agreement The Company’s corporate overhead expenses that were charged to MSG Sports prior to the MSGE Distribution 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. These charges are reflected in the Company’s results of operations for the periods prior to the MSGE Distribution as they do not meet the criteria for inclusion in discontinued operations. Following the MSGE Distribution, the Company no longer provides these services to MSG Sports. Corporate general and administrative expenses, net — MSGE TSA Corporate general and administrative expense, net — MSGE TSA reflects charges from MSG Entertainment pursuant to the MSGE TSA for certain business functions that were previously performed by internal resources. These services include information technology, accounting, accounts payable, payroll, tax, legal, human resources, insurance and risk management, investor relations, corporate communications, benefit plan administration and reporting, and internal audit. Origination, Master Control and Technical Services AMC Networks provides certain origination, master control, and technical services to the MSG Networks segment. Other Operating Expenses, net The Company and its related parties enter into transactions with each other in the ordinary course of business. Other operating expenses include net charges relating to (i) reciprocal aircraft arrangements between the Company and each of Q2C and CFD, (ii) time sharing and/or dry lease agreements with MSG Sports, AMC Networks and Brighid Air and (iii) commission under the group ticket sales representation agreement with MSG Sports. The aircraft arrangements were assigned to MSG Entertainment in connection with the MSGE Distribution. In addition, the reciprocal aircraft arrangement between the Company and Q2C and the related aircraft support services agreement between them was no longer effective as of December 21, 2021.

Segment Information

Segment Information	12 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information As of June 30, 2023, the Company was comprised of two reportable segments: Sphere and MSG Networks. The Company takes into account whether two or more operating segments can be aggregated together as one reportable segment as well as the type of discrete financial information that is available and regularly reviewed by its Chief Operating Decision Maker. The Company incurs non-capitalizable content development and technology costs associated with the Company’s Sphere business, which are reported in the Sphere segment. Sphere also includes other expenses such as (a) corporate and supporting department operating costs that are attributable to Sphere development, including charges under the MSGE TSA and (b) non-event related operating expenses such as (i) insurance, (ii) utilities, (iii) repairs and maintenance, (iv) labor related to the overall management of Sphere segment and (v) depreciation and amortization expense related to certain corporate property, equipment and leasehold improvements. The Company evaluates segment performance based on several factors, of which the key financial measure is adjusted operating income (loss), a non-GAAP financial measure. We define adjusted operating income (loss) as operating income (loss) excluding: (i) depreciation, amortization and impairments of property and equipment, goodwill and intangible assets, (ii) amortization for capitalized cloud computing arrangement costs, (iii) share-based compensation expense, (iv) restructuring charges or credits, (v) merger and acquisition-related costs, including litigation expenses, (vi) gains or losses on sales or dispositions of businesses and associated settlements, (vii) the impact of purchase accounting adjustments related to business acquisitions, and (viii) gains and losses related to the remeasurement of liabilities under the Company’s Executive Deferred Compensation Plan (which was established in November 2021). The Company believes that the exclusion of share-based compensation expense or benefit allows investors to better track the performance of the Company’s business without regard to the settlement of an obligation that is not expected to be made in cash. The Company eliminates merger and acquisition-related costs, when applicable, because the Company does not consider such costs to be indicative of the ongoing operating performance of the Company as they result from an event that is of a non-recurring nature, thereby enhancing comparability. In addition, management believes that the exclusion of gains and losses related to the remeasurement of liabilities under the Company’s Executive Deferred Compensation Plan provides investors with a clearer picture of the Company’s operating performance given that, in accordance with GAAP, gains and losses related to the remeasurement of liabilities under the Company’s Executive Deferred Compensation Plan are recognized in Operating income (loss) whereas gains and losses related to the remeasurement of the assets under the Company’s Executive Deferred Compensation Plan, which are equal to and therefore fully offset the gains and losses related to the remeasurement of liabilities, are recognized in Other income (expense), net, which is not reflected in Operating income (loss). The Company believes adjusted operating income (loss) is an appropriate measure for evaluating the operating performance of its business segments and the Company on a consolidated basis. Adjusted operating income (loss) and similar measures with similar titles are common performance measures used by investors and analysts to analyze the Company’s performance. The Company uses revenues and adjusted operating income (loss) measures as the most important indicators of its business performance, and evaluates management’s effectiveness with specific reference to these indicators. Adjusted operating income (loss) should be viewed as a supplement to and not a substitute for operating income (loss), net income (loss), cash flows from operating activities, and other measures of performance and/or liquidity presented in accordance with GAAP. Since adjusted operating income (loss) is not a measure of performance calculated in accordance with GAAP, this measure may not be comparable to similar measures with similar titles used by other companies. The Company has presented the components that reconcile operating income (loss), the most directly comparable GAAP financial measure, to adjusted operating income (loss). Information as to the operations of the Company’s reportable segments is set forth below. Year Ended June 30, 2023 Sphere MSG Networks Total Revenues $ 2,610 $ 571,221 $ 573,831 Direct operating expenses (5,545) (336,666) (342,211) Selling, general and administrative expenses (325,660) (126,482) (452,142) Depreciation and amortization (24,048) (6,668) (30,716) Impairment and other gains (losses), net 6,229 (109) 6,120 Restructuring charges (23,136) (4,788) (27,924) Operating (loss) income (369,550) 96,508 (273,042) Interest income 11,585 Interest expense — Other income (expense), net 536,887 Income from operations before income taxes $ 275,430 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating (loss) income $ (369,550) $ 96,508 $ (273,042) Add back: Share-based compensation expense 36,188 6,419 42,607 Depreciation and amortization 24,048 6,668 30,716 Restructuring charges 23,136 4,788 27,924 Impairment and other (gains) losses, net (6,229) 109 (6,120) Merger and acquisition related costs (189) 55,236 55,047 Amortization for capitalized cloud computing costs — 161 161 Remeasurement of deferred compensation plan liabilities 187 — 187 Adjusted operating (loss) income $ (292,409) $ 169,889 $ (122,520) Other information: Capital expenditures $ 1,025,700 $ 9,185 $ 1,034,885 Year Ended June 30, 2022 Sphere MSG Networks Total Revenues $ 1,900 $ 608,155 $ 610,055 Direct operating expenses — (320,278) (320,278) Selling, general and administrative expenses (293,664) (126,129) (419,793) Depreciation and amortization (13,168) (9,394) (22,562) Impairment and other gains, net 245 — 245 Restructuring charges (12,952) (452) (13,404) Operating (loss) income (317,639) 151,902 (165,737) Interest income 3,575 Interest expense — Other income (expense), net (5,518) Loss from operations before income taxes $ (167,680) Reconciliation of operating income (loss) to adjusted operating income (loss): Operating (loss) income $ (317,639) $ 151,902 $ (165,737) Add back: Share-based compensation expense 39,668 17,092 56,760 Depreciation and amortization 13,168 9,394 22,562 Restructuring charges 12,952 452 13,404 Impairment and other gains, net (245) — (245) Merger and acquisition related costs 20,834 27,683 48,517 Amortization for capitalized cloud computing costs 95 176 271 Adjusted operating (loss) income $ (231,167) $ 206,699 $ (24,468) Other information: Capital expenditures $ 717,093 $ 3,673 $ 720,766 Year Ended June 30, 2021 Sphere MSG Networks Total Revenues $ — $ 647,510 $ 647,510 Direct operating expenses — (262,859) (262,859) Selling, general and administrative expenses (193,831) (101,641) (295,472) Depreciation and amortization (9,271) (7,335) (16,606) Restructuring charges (8,061) — (8,061) Operating (loss) income (211,163) 275,675 64,512 Interest income 3,172 Interest expense (20,219) Other income (expense), net (3,935) Income from operations before income taxes $ 43,530 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating (loss) income $ (211,163) $ 275,675 64,512 Add back: Share-based compensation expense 42,119 17,667 59,786 Depreciation and amortization 9,271 7,335 16,606 Restructuring charges 8,061 — 8,061 Merger and acquisition related costs 16,080 4,502 20,582 Adjusted operating (loss) income $ (135,632) $ 305,179 $ 169,547 Other information: Capital expenditures $ 438,647 $ 2,814 $ 441,461 As a result of the MSGE Distribution in April 2023 (which is presented as discontinued operations herein), prior period results of the MSG Networks segment have been recast to exclude expenses of approximately $8,800, $20,900 and $13,700 for Fiscal Year 2023, 2022, and 2021, respectively, related to the Networks Advertising Sales Representation Agreement with MSG Entertainment, which was terminated effective as of December 31, 2022. A portion of these expenses were absorbed directly by MSG Networks following the termination of the advertising sales representation agreement and are reflected in MSG Networks’ results beginning January 1, 2023. Accounts receivable, net on the accompanying consolidated balance sheets as of June 30, 2023 and 2022 included amounts due from the following individual customers, substantially derived from the MSG Networks segment, which accounted for the noted percentages of the gross balance: As of June 30, 2023 2022 Customer A 23 % 21 % Customer B 22 % 21 % Customer C 17 % 18 % Customer D N/A 12 % Revenues in the accompanying consolidated statements of operations for Fiscal Years 2023, 2022, and 2021 included amounts from the following individual customers, primarily derived from the MSG Networks segment, which accounted for the noted percentages of the total: Years Ended June 30, 2023 2022 2021 Customer 1 26 % 26 % 25 % Customer 2 26 % 27 % 27 % Customer 3 21 % 21 % 20 % As of June 30, 2023, the Company employed approximately 1,100 full-time and part-time employees, of which approximately 29% are subject to CBAs. Approximately 10% are subject to CBAs that expired as of June 30, 2023 and approximately 67% are subject to CBAs that will expire by June 30, 2024, if they are not extended prior thereto.

Additional Financial Informatio

Additional Financial Information	12 Months Ended
	Jun. 30, 2023
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, 2023 and 2022: As of June 30, 2023 2022 Cash and cash equivalents $ 131,965 $ 747,313 Restricted cash $ 297,149 $ 12,999 Total Cash and cash equivalents, and restricted cash $ 429,114 $ 760,312 The Company’s cash equivalents consist of money market accounts, time deposits and U.S. treasury bills of $108,701 and $597,036 as of June 30, 2023 and 2022, respectively. Cash equivalents are measured at fair value within Level I of the fair value hierarchy on a recurring basis using observable inputs that reflect quoted prices for identical assets in active markets. Prepaid expenses and other current assets as of June 30, 2023 and 2022 consisted of the following: As of June 30, 2023 2022 Prepaid expenses $ 22,616 $ 10,647 Prepaid income taxes 834 4,510 Notes and other receivables 21,453 2,404 Current contract assets (a) 314 — Current deferred production costs 6,524 3,427 Other 4,344 5,874 Total prepaid expenses and other current assets $ 56,085 $ 26,862 _________________ (a) See Note 4. Revenue Recognition for more information on contract assets. Accounts payable, accrued, and other current liabilities as of June 30, 2023 and 2022 consisted of the following: As of June 30, 2023 2022 Accounts payable $ 39,654 $ 2,014 Accrued payroll and employee related liabilities 75,579 46,221 Cash due to promoters 73,611 — Income taxes payable 11,842 — Capital related accruals 236,593 204,894 Accrued legal fees 53,857 6,970 Other accrued expenses 24,595 16,459 Total accounts payable, accrued, and other current liabilities $ 515,731 $ 276,558 Other income (expense), net for Fiscal Years 2023, 2022, and 2021 included the following: Years Ended June 30, 2023 2022 2021 Realized and unrealized gain on MSGE Retained Interest, see Note 7 for further detail $ 545,715 $ — $ — Unrealized gain on equity investments without readily determinable fair value 1,969 — 1,252 Loss on other equity method investments (8,184) (4,863) (4,828) Other (2,613) (655) (359) Total other income (expense), net $ 536,887 $ (5,518) $ (3,935)

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Delayed Draw Term Loan Facility On July 14, 2023, the Company drew down the full amount of the $65,000 under the DDTL Facility. On August 9, 2023, the Company repaid all amounts outstanding under the DDTL Facility (including accrued interest and commitment fees) by delivering to MSG Entertainment Holdings 1,923 shares of MSG Entertainment Class A common stock. As a result, the Company now holds approximately 17% of the outstanding common stock of MSG Entertainment (in the form of MSG Entertainment Class A common stock), based on 49,128 total shares of MSG Entertainment common stock outstanding as of August 18, 2023. Settlement of the Networks Merger Litigation On August 14, 2023, the MSGE Settlement Agreement and the MSGN Settlement Agreement were both approved by the Court. With respect to the MSG Entertainment Litigation, no gain amount relating to the proposed settlement to the Company had been recorded as of June 30, 2023. With respect to the MSG Networks Litigation, the Company had accrued $48,500

Interim Condensed Financial Inf

Interim Condensed Financial Information (Unaudited)	12 Months Ended
	Jun. 30, 2023
Quarterly Financial Information Disclosure [Abstract]
Interim Condensed Financial Information (Unaudited)	Interim Condensed Financial Information (Unaudited) The following is a summary of the Company’s selected quarterly financial data for Fiscal Years 2023 and 2022: Three Months Ended September 30, December 31, March 31, June 30, 2022 2022 2023 2023 Revenues $ 123,129 $ 159,541 $ 162,062 $ 129,099 Operating expenses (174,184) (209,276) (263,969) (199,444) Operating loss $ (51,055) $ (49,735) $ (101,907) $ (70,345) Net (loss) income from continuing operations $ (23,158) $ (50,453) $ (113,999) $ 359,637 Net income from discontinued operations, net of taxes $ 2,236 $ 97,889 $ 55,441 $ 178,087 Net (loss) income $ (20,922) $ 47,436 $ (58,558) $ 537,724 Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations 1,124 3,029 (1,492) 1,264 Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations (410) (56) (216) (335) Net (loss) income attributable to Sphere Entertainment Co.’s stockholders $ (21,636) $ 44,463 $ (56,850) $ 536,795 Continuing Operations Basic (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (0.67) $ (1.45) $ (3.28) $ 10.34 Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (0.67) $ (1.45) $ (3.28) $ 10.21 Discontinued Operations Basic earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ 0.04 $ 2.74 $ 1.65 $ 5.09 Diluted earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ 0.04 $ 2.73 $ 1.65 $ 5.03 Three Months Ended September 30, December 31, March 31, June 30, 2021 2021 2022 2022 Revenues $ 141,473 $ 160,753 $ 168,080 $ 139,749 Operating expenses (193,897) (190,029) (190,268) (201,598) Operating loss $ (52,424) $ (29,276) $ (22,188) $ (61,849) Net loss from continuing operations $ (37,337) $ (21,941) $ (27,021) $ (51,551) Net (loss) income from discontinued operations $ (39,318) $ 26,959 $ 7,715 $ (47,653) Net (loss) income $ (76,655) $ 5,018 $ (19,306) $ (99,204) Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations 2,212 2,642 (442) 3,327 Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations 365 106 (1,373) (2,589) Net (loss) income attributable to Sphere Entertainment Co.’s stockholders per statement of operations (79,232) 2,270 (17,491) (99,942) Adjustment of redeemable noncontrolling interest to redemption value from discontinued operations — — — (3,173) Net (loss) income attributable to Sphere Entertainment Co.’s stockholders for EPS $ (79,232) $ 2,270 $ (17,491) $ (103,115) Continuing Operations Basic (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (1.10) $ (0.64) $ (0.79) $ (1.50) Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (1.10) $ (0.64) $ (0.79) $ (1.50) Discontinued Operations Basic (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (1.23) $ 0.71 $ 0.28 $ (1.50) Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (1.23) $ 0.70 $ 0.28 $ (1.50)

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Jun. 30, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (in thousands) (Additions) / Deductions Balance at Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at Year Ended June 30, 2023 Allowance for doubtful accounts / credit losses $ (843) $ (3) $ — $ 675 $ (171) Deferred tax valuation allowance (2,923) 2,053 840 — (30) $ (3,766) $ 2,050 $ 840 $ 675 $ (201) Year Ended June 30, 2022 Allowance for doubtful accounts / credit losses $ (1,354) $ 123 $ — $ 388 $ (843) Deferred tax valuation allowance (3,131) 2,200 (1,992) — (2,923) $ (4,485) $ 2,323 $ (1,992) $ 388 $ (3,766) Year Ended June 30, 2021 Allowance for doubtful accounts / credit losses $ (1,755) $ (185) $ — $ 586 $ (1,354) Deferred tax valuation allowance (1,573) (4,863) 3,305 — (3,131) $ (3,328) $ (5,048) $ 3,305 $ 586 $ (4,485)

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company reports on a fiscal year basis ending on June 30 th . In these consolidated financial statements, the fiscal years ended June 30, 2023, 2022, and 2021 are referred to as “Fiscal Year 2023,” “Fiscal Year 2022,” and “Fiscal Year 2021,” respectively. The Company has presented both the MSG Entertainment business and Tao Group Hospitality as discontinued operations for all periods presented. See Note 3. Discontinued Operations for further discussion on accounting for the MSGE Distribution and Tao Group Hospitality Disposition.
Reclassifications	Reclassifications For purposes of comparability, certain prior period amounts have been reclassified to conform to the current year presentation in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of the Company include the accounts of Sphere Entertainment Co. and its subsidiaries, including Tao Group Hospitality, MSG Entertainment, and Boston Calling Events, LLC (“BCE”) until their dispositions on May 3, 2023, April 20, 2023, and December 2, 2022, respectively. Both Tao Group Hospitality and MSG Entertainment met the criteria to be reported as discontinued operations during the quarters ended March 31, 2023 and June 30, 2023, respectively. All significant intercompany transactions and balances have been eliminated in consolidation. Prior to its disposition, Tao Group Hospitality was consolidated with the equity owned by other stockholders shown as redeemable or nonredeemable noncontrolling interests of discontinued operations in the accompanying consolidated balance sheets, and the other stockholders’ portion of net earnings (loss) and other comprehensive income (loss) shown as net income (loss) or comprehensive income (loss) attributable to redeemable or nonredeemable noncontrolling interests from discontinued operations in the accompanying consolidated statements of operations and consolidated statements of comprehensive income (loss), respectively. See Note 3. Discontinued Operations, for details regarding the Tao Group Hospitality Disposition and MSGE Distribution.
Business Combinations and Noncontrolling Interests	Business Combinations and Noncontrolling Interests The acquisition method of accounting for business combinations requires management to use significant estimates and assumptions, including fair value estimates, as of the business combination date and to refine those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which the Company is allowed to adjust the provisional amounts recognized for a business combination). 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. Interests held by third parties in consolidated majority-owned subsidiaries are presented as noncontrolling interests, which represent the noncontrolling stockholders’ interests in the underlying net assets of the Company’s consolidated majority-owned subsidiaries. Noncontrolling interests that are not redeemable are reported in the equity section of the consolidated balance sheets. Noncontrolling interests, where the Company may be required to repurchase the noncontrolling interest under put options or other contractual redemption requirements that are not solely within the Company’s control, are reported in the consolidated balance sheets between liabilities and equity, as redeemable noncontrolling interests.
Use of Estimates	Use of Estimates The preparation of the accompanying consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the provision for credit losses, valuation of investments, goodwill, intangible assets, other long-lived assets, deferred tax assets, pension and other postretirement benefit obligations and the related net periodic benefit cost, and other liabilities. In addition, estimates are used in revenue recognition, rights fees, performance and share-based compensation, depreciation and amortization, litigation matters and other matters, as well as in the valuation of noncontrolling interests resulting from business combination transactions. Management believes its use of estimates in the financial statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s financial statements in future periods.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when, or as, performance obligations under the terms of a contract are satisfied, which generally occurs when, or as, control of promised goods or services are 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 may enter into arrangements with multiple performance obligations, such as multi-year sponsorship agreements which may derive revenues for the Company as well as MSG Entertainment and MSG Sports within a single arrangement. The Company may also derive revenue from similar types of arrangements which are entered into by MSG Entertainment or 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 Sphere, digital advertising, or 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 as collections due to promoters within Accounts payable, accrued and other current liabilities on the accompanying consolidated 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 ExpensesDirect operating expenses for the Sphere segment may include, but are not limited to, event costs related to the presentation and production of the Company’s live entertainment, sporting events, and immersive productions, maintenance, and other operating expenses. Direct operating expenses for the MSG Networks segment primarily represent media rights fees and other direct programming and production costs, such as the salaries of on-air personalities, producers, directors, technicians, writers and other creative staff, as well as expenses associated with location costs, remote facilities and maintaining studios, origination, and transmission services and facilities. The professional team media rights acquired under media rights agreements to telecast various sporting events and other programming for exhibition on the segment’s networks are typically expensed on a straight-line basis over the applicable annual contract or license period.
Production Costs for the Company's Original Immersive Productions	Production Costs for the Company’s Original Immersive Productions The Company defers certain costs during the production phase of its original immersive productions for Sphere that are directly related to production activities. Such costs include, but are not limited to, fees paid to writers, directors, and producers as well as video and music production costs and production-specific overhead. Deferred immersive production costs are amortized in the same ratio that current period actual revenue bears to estimated remaining unrecognized ultimate revenue as of the beginning of the current fiscal year. Estimates of ultimate revenues are prepared on an individual production basis and reviewed regularly by management and revised where necessary to reflect the most current information. Ultimate revenues reflect management’s estimates of future revenue over a period not to exceed ten years following the premiere of the production. Deferred immersive production costs are subject to recoverability assessments whenever there is an indication of potential impairment.
Advertising Expenses	Advertising Expenses Advertising costs are typically charged to expense when incurred.
Nonmonetary Transactions	Nonmonetary Transactions The MSG Networks segment enters into nonmonetary transactions, primarily with its Distributors (as defined below), that involve the exchange of products or services, such as advertising and promotional benefits, for the segment’s services. For arrangements that are subject to sales based and usage-based royalty guidance, MSG Networks measures noncash consideration that it receives at fair value as the sale or usage occurs. For other arrangements, the MSG Networks segment measures the estimated fair value of the noncash consideration that it receives at contract inception. If the MSG Networks segment cannot reasonably estimate the fair value of the noncash consideration, the segment measures the fair value of the consideration indirectly by reference to the standalone selling price of the services promised to the customer in exchange for the consideration as revenues. Nonmonetary transactions for the MSG Networks segment are included in advertising costs, which are classified in selling, general and administrative expenses on the accompanying consolidated statements of operations, as noted above.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with Accounting Standard Codification (“ASC”) Topic 740, Income Taxes . 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. If such estimates and related assumptions change in the future, the Company may be required to record valuation allowances against its deferred tax assets, resulting in additional income tax expense in the Company’s consolidated statements of operations. Interest and penalties, if any, associated with uncertain tax positions are included in income tax expense.
Share-based Compensation	Share-based Compensation 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.
Earnings (Loss) Per Common Share	Earnings (Loss) Per Common Share
Cash and Cash Equivalents	Cash and Cash EquivalentsThe 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, accrued, and other current liabilities in the accompanying consolidated balance sheets. The Company presents the change in these book cash overdrafts as cash flows from operating activities.
Restricted Cash	Restricted CashThe Company’s restricted cash includes cash deposited in escrow accounts. The Company has deposited cash in interest-bearing escrow accounts related to credit support, debt facilities, and collateral to its operating leases, workers compensation, and general liability insurance obligations. The carrying amount of restricted cash approximates fair value due to the short-term maturity of these instruments.
Short-Term Investments	Short-Term InvestmentsShort-term investments included investments that (i) had original maturities of greater than three months and (ii) the Company had the ability to convert into cash within one year. The Company classified its short-term investments at the time of purchase as “held-to-maturity” and re-evaluated its classification quarterly based on whether the Company had the intent and ability to hold until maturity. Short-term investments, which were recorded at cost and adjusted for accrued interest, approximate fair value. Cash inflows and outflows related to the sale and purchase of short-term investments are classified as investing activities in the Company’s consolidated statements of cash flows.
Accounts Receivable	Accounts ReceivableAccounts receivable is 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 in Nonconsolidated Affiliates and Equity Securities	Investments in Nonconsolidated Affiliates and Equity Securities The Company’s investments in nonconsolidated affiliates are primarily accounted for using the equity method of accounting and 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 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 elected the fair value option in accounting for the MSGE Retained Interest and as such, does not report the impact to the consolidated statements of operations on a lag for this investment. Initial recognition of this asset required measurement of an unrealized gain or loss when comparing the book value of the investment to fair value. As a result, the Company initially and subsequently measures and records changes in the fair value of the MSGE Retained Interest based upon the quoted market price of the MSGE stock on the New York Stock Exchange on a periodic basis within Other income (expense), net in the accompanying consolidated statements of operations. 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 statements of operations. Impairment of Investments
Property and Equipment and Other Long-Lived Assets	Property and Equipment and Other Long-Lived Assets Prop erty and equipment and other long-lived assets, including amortizable intangible assets, are stated at cost or acquisition date fair value, if acquired. Expen ditures 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 30 years Furniture and fixtures 1 year to 10 years Leasehold improvements Shorter of term of lease or useful life of improvement Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives: Estimated Useful Lives Affiliate relationships 24 years
Goodwill and Impairment of Long-Lived Assets	Goodwill See above ( B. Business Combinations and Noncontrolling Interests ) for the Company’s accounting policy on how goodwill is measured at an acquisition date. Goodwill is not amortized. R. Impairment of Long-Lived Assets In assessing the recoverability of the Company’s long-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 re quired to record impairment charges related to its long-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. For other long-lived assets, including property and equipment, right-of-use 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.
Leases	Leases The Company’s leases primarily consist of a ground lease for the land where Sphere in Las Vegas is being constructed, corporate office space, storage, and 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 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 balance sheets at lease commencement reflecting the present value of the fixed minimum payment obligations over the lease term. A corresponding right-of-use (“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 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 (“short-term leases”), any fixed lease payments are recognized on a straight-line basis over the lease term and are not recognized on the consolidated 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 balance sheets.
Interest Capitalization	Interest CapitalizationFor significant long term construction projects and immersive content productions, the Company begins to capitalize qualified interest cost once activities necessary to get the asset ready for its intended use have commenced. The Company calculates qualified interest capitalization using the average amount of accumulated expenditures during the period the asset is being prepared for its intended use and a capitalization rate which is derived from the Company’s weighted average borrowing rate during such time, in the absence of specific borrowings related to the significant long term construction projects. The Company ceases capitalization on any portions substantially completed and ready for their intended use.
Contingencies and Contingent Consideration	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. V. Contingent Consideration Some of the Company’s acquisition agreements may include contingent earn-out arrangements, which are generally based on the achievement of future operating targets. The fair values of these earn-out arrangements are included as part of the purchase price of the acquired companies on their respective acquisition dates. For each transaction, the Company estimates the fair value of contingent earn-out payments as part of the initial purchase price and records the estimated fair value of contingent consideration that the Company expects to pay to the former owners as a liability in Accrued and other current liabilities and Other liabilities on the consolidated balance sheets.
Defined Benefit Pension Plans and Other Postretirement Benefit Plan	Defined Benefit Pension Plans and Other Postretirement Benefit Plan Prior to the MSGE Distribution, the Company sponsored certain employee benefit pension plans and a postretirement plan. On the MSGE Distribution Date, the sponsorship of certain of these plans were transferred to MSG Entertainment. The Company accounts for the transferred defined benefit pension plans under the guidance of ASC Topic 715, Compensation — Retirement Benefits (“ASC Topic 715”). Accordingly, for the defined benefit pension plan liabilities prior to the MSGE Distribution Date, the consolidated financial statements reflected the full impact of such transferred plans on both the consolidated statements of operations and consolidated balance sheet (presented within discontinued operations) and the Company recorded an asset or liability of discontinued operations to recognize the funded status of the defined benefit pension plans (other than multiemployer plans), as well as a liability of discontinued operations 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. After the MSGE Distribution Date, the Company has both remaining funded and unfunded defined benefit plans. The expense recognized by the Company is determined using certain assumptions, including the expected long-term rate of return and discount rates, among others. The Company recognizes the funded status of its defined benefit pension plans (other than multiemployer plans) and the other postretirement benefit plan as an asset or liability in the consolidated balance sheets and recognizes changes in the funded status in the year in which the changes occur through other comprehensive income (loss). Actuarial gains and losses that have not yet been recognized through the consolidated 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 Measurement	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.
Foreign Currency Translations	Foreign Currency TranslationsThe consolidated financial statements are presented in U.S. Dollars. Assets and liabilities of non-U.S. subsidiaries and the Company’s foreign-based equity method investments that operate in a local currency environment, where that local currency is the functional currency, are translated to U.S. Dollars at exchange rates in effect at the balance sheet date. Operating results of non-U.S. subsidiaries are translated at weighted-average exchange rates during the year which approximate the rates in effect at the transaction dates. For the Company’s foreign-based equity method investments, the proportionate share of the investee’s income is translated into U.S. dollars at the average exchange rate for the period and the investment is translated using the exchange rate as of the end of the reporting period. Foreign currency translation gains and losses are included as a component of accumulated other comprehensive income (loss) as changes in cumulative translation adjustments in the accompanying consolidated balance sheets.
Concentrations of Risk	Concentrations of RiskFinancial instruments that may potentially subject the Company to a concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable. Cash and cash equivalents are invested in U.S. treasury bills, money market accounts and time deposits. The Company monitors the financial institutions and money market funds where it invests its cash and cash equivalents with diversification among counterparties to mitigate exposure to any single financial institution. The Company’s emphasis is primarily on safety of principal and liquidity, and secondarily on maximizing the yield on its investments.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Recently Adopted Accounting Pronouncements In October 2021 , the Financial Accounting Standards Board issued Accounting Standards Update (“ ASU”) No. 2021-08, Accounting for Contract Assets and Contract Liabilities From Contracts With Customers . This ASU requires that the acquiring entity in a business combination recognize and measure contract assets and contract liabilities acquired in accordance with ASC Topic 606. This standard was adopted by the Company in the first quarter of Fiscal Year 2023. The adoption of this standard did not have an impact on the Company’s consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of Property, Plant 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 30 years Furniture and fixtures 1 year to 10 years Leasehold improvements Shorter of term of lease or useful life of improvement As of June 30, 2023 and 2022, property and equipment, net consisted of the following: As of June 30, 2023 2022 Land $ 80,878 $ 77,471 Buildings 69,049 1,380 Equipment, furniture and fixtures 159,786 102,745 Leasehold improvements 18,491 18,490 Construction in progress (a) 3,066,785 2,020,978 Total property and equipment, gross 3,394,989 2,221,064 Less accumulated depreciation and amortization (87,828) (63,487) Total property and equipment, net $ 3,307,161 $ 2,157,577 _________________ (a) These costs primarily relate to the construction of Sphere in Las Vegas. Construction in progress includes labor and interest that are capitalized during the construction period for significant long term construction projects. For Fiscal Years 2023, 2022, and 2021, the Company capitalized interest of $70,349, $48,507, and $0 respectively.
Schedule of Intangible Assets Subject to Amortization	Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives: Estimated Useful Lives Affiliate relationships 24 years The Company’s intangible assets subject to amortization, which relate to affiliate relationships, as of June 30, 2023 and 2022 were as follows: June 30, June 30, Gross carrying amount $ 83,044 83,044 Accumulated amortization (65,134) (62,019) Intangible assets, net 17,910 21,025 _________________

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The tables below sets forth, for the periods presented, the balance sheet and the operating results of the disposal groups. Amounts presented below differ from historically reported results for the MSG Entertainment and Tao Group Hospitality business segments in order to reflect discontinued operations presentation. June 30, 2022 MSGE Tao Total ASSETS Current Assets: Cash, cash equivalents, and restricted cash $ 62,573 $ 23,125 $ 85,698 Accounts receivable, net 63,804 29,521 93,325 Prepaid expenses and other current assets 107,999 20,508 128,507 Total current assets 234,376 73,154 307,530 Non-Current Assets: Investments in nonconsolidated affiliates 350 3,157 3,507 Property and equipment, net 696,079 85,396 781,475 Right-of-use lease assets 271,154 109,194 380,348 Goodwill 42,010 1,364 43,374 Finite intangible assets, net 1,638 141,421 143,059 Indefinite-lived intangible assets 63,801 — 63,801 Other non-current assets 83,185 13,432 96,617 Total assets of the discontinued operations $ 1,392,593 $ 427,118 $ 1,819,711 LIABILITIES Current Liabilities: Accounts payable, accrued, and other current liabilities $ 252,346 $ 60,232 $ 312,578 Current portion of long-term debt 8,762 3,750 12,512 Operating lease liabilities, current 39,006 19,751 58,757 Deferred revenue 203,885 19,827 223,712 Total current liabilities (a) 503,999 103,560 607,559 Non-Current Liabilities: Long-term debt, net of deferred financing costs 654,912 80,130 735,042 Operating lease liabilities, non-current 254,114 89,437 343,551 Deferred tax liabilities, net 19,050 — 19,050 Other non-current liabilities 52,629 1,393 54,022 Total liabilities of the discontinued operations 1,484,704 274,520 1,759,224 Net (Liabilities) Assets of the disposal group classified as discontinued operations (92,111) 152,598 60,487 Redeemable noncontrolling interests of disposal group classified as discontinued operations $ — $ 184,192 $ 184,192 Nonredeemable noncontrolling interests of disposal group classified as discontinued operations $ (114) $ 12,277 $ 12,163 Year Ended June 30, 2023 MSGE Tao Eliminations (a) Total Revenues $ 731,299 $ 447,929 $ (1,761) $ 1,177,467 Direct operating expenses (421,440) (263,200) 1,371 (683,269) Selling, general, and administrative expenses (119,032) (151,271) (195) (270,498) Depreciation and amortization (49,423) (23,236) — (72,659) Impairment and other gains, net 4,361 473 — 4,834 Restructuring charges (7,435) — — (7,435) Operating income 138,330 10,695 (585) 148,440 Interest income 2,880 149 — 3,029 Interest expense (1,031) (2,551) — (3,582) Other income, net 11,456 665 — 12,121 Income from discontinued operations before income taxes 151,635 8,958 (585) 160,008 Income tax expense (5,517) (33,695) — (39,212) Income (loss) from discontinued operations, net of taxes 146,118 (24,737) (585) 120,796 Gain on disposal before income taxes — 213,877 — 213,877 Income tax expense — (1,020) — (1,020) Gain on disposal, net of taxes — 212,857 — 212,857 Net income from discontinued operations 146,118 188,120 (585) 333,653 Less: Net income attributable to redeemable noncontrolling interests — 3,925 — 3,925 Less: Net loss attributable to nonredeemable noncontrolling interests (553) (464) — (1,017) Net income from discontinued operations attributable to Sphere Entertainment Co.’s stockholders $ 146,671 $ 184,659 $ (585) $ 330,745 Year Ended June 30,2022 MSGE Tao Eliminations (a) Total Revenues $ 632,612 $ 484,649 $ (2,698) $ 1,114,563 Direct operating expenses (417,108) (270,728) 2,077 (685,759) Selling, general, and administrative expenses (110,288) (154,923) — (265,211) Depreciation and amortization (69,564) (32,503) — (102,067) Impairment and other gains, net — 2,800 — 2,800 Restructuring charges (1,286) — — (1,286) Operating income 34,366 29,295 (621) 63,040 Interest income 612 23 — 635 Interest expense (25,453) (1,702) — (27,155) Other expense, net (84,690) (82) — (84,772) (Loss) income from operations before income taxes (75,165) 27,534 (621) (48,252) Income tax benefit (expense) 14,069 (18,114) — (4,045) Net (loss) income (61,096) 9,420 (621) (52,297) Less: Net income attributable to redeemable noncontrolling interests — 7,739 — 7,739 Less: Net loss attributable to nonredeemable noncontrolling interests (2,864) (627) — (3,491) Net (loss) income from discontinued operations attributable to Sphere Entertainment Co.’s stockholders $ (58,232) $ 2,308 $ (621) $ (56,545) Year Ended June 30, 2021 MSGE Tao Eliminations (a) Total Revenues $ 68,567 $ 99,865 $ (1,729) $ 166,703 Direct operating expenses (96,073) (70,236) 1,502 (164,807) Selling, general, and administrative expenses (88,383) (47,844) 227 (136,000) Depreciation and amortization (71,577) (33,816) — (105,393) Impairment and other gains, net — — — — Restructuring charges (13,238) — — (13,238) Operating loss (200,704) (52,031) — (252,735) Interest income 29 21 — 50 Interest expense (204) — — (204) Other income (expense), net 50,624 (2,059) — 48,565 Loss from operations before income taxes (150,255) (54,069) — (204,324) Income tax benefit 31,006 2,176 — 33,182 Net loss (119,249) (51,893) — (171,142) Less: Net loss attributable to redeemable noncontrolling interests — (16,269) — (16,269) Less: Net loss attributable to nonredeemable noncontrolling interests (694) (1,405) — (2,099) Net loss from discontinued operations attributable to Sphere Entertainment Co.’s stockholders $ (118,555) $ (34,219) $ — $ (152,774) _________________ (a) Prior to the MSGE Distribution and Tao Group Hospitality Disposition, the Company’s consolidated results of operations included a number of intercompany transactions between MSG Entertainment and Tao Group Hospitality which were presented in the Company’s segment reporting disclosures. As such, these transactions are eliminated for purposes of this disclosure as they will not continue in periods subsequent to the MSGE Distribution and Tao Group Hospitality Disposition, respectively. Years Ended June 30 2023 2022 2021 MSGE Tao (a) MSGE Tao MSGE Tao Non-cash items included in net income (loss): Depreciation and amortization 49,423 23,236 69,564 $ 32,503 71,577 $ 33,816 Impairments and other (gains), net (4,361) (214,350) — (2,800) — — Share-based compensation expense 4,710 7,224 8,480 7,647 5,514 5,284 Cash flow from investing activities: Capital expenditures, net 12,832 17,488 15,797 23,309 10,315 3,192 Non-cash investing activities: Capital expenditures incurred but not yet paid 780 817 1,585 119 1,083 72 Investments and loans to nonconsolidated affiliates — 113 — 791 — — Non-cash contribution received from noncontrolling interests — — — — — (59,763) _________________

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table disaggregates the Company’s revenue by major source and reportable segment based upon the timing of transfer of goods or services to the customer for Fiscal Years 2023, 2022, and 2021: Year Ended June 30, 2023 Sphere MSG Networks Total Signage (a) — 6,990 6,990 Media related, primarily from affiliation agreements ( a) — 558,362 558,362 Other — 5,869 5,869 Total revenues from contracts with customers $ — $ 571,221 $ 571,221 Revenues from subleases 2,610 — 2,610 Total revenues $ 2,610 $ 571,221 $ 573,831 Year Ended June 30, 2022 Sphere MSG Networks Total Signage (a) — 6,470 6,470 Media related, primarily from affiliation agreements (a) — 596,032 596,032 Other — 5,653 5,653 Total revenues from contracts with customers $ — $ 608,155 $ 608,155 Revenues from subleases 1,900 — 1,900 Total revenues $ 1,900 $ 608,155 $ 610,055 Year Ended June 30, 2021 Sphere MSG Networks Total Signage (a) — 4,022 4,022 Media related, primarily from affiliation agreements (a) — 639,470 639,470 Other — 4,018 4,018 Total revenues $ — $ 647,510 $ 647,510 _________________ (a) See Note 2. Summary of Significant Accounting Policies, Revenue Recognition, for further details on the pattern of recognition of signage and media related revenues. 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 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 2023, 2022, and 2021. Year Ended June 30, 2023 Sphere MSG Networks Total (d) Media networks revenues (a) — 571,221 571,221 Revenues from subleases 2,610 — 2,610 Total revenues $ 2,610 $ 571,221 $ 573,831 Year Ended June 30, 2022 Sphere MSG Networks Total Media networks revenues (a) — 608,155 608,155 Revenues from subleases 1,900 — 1,900 Total revenues $ 1,900 $ 608,155 $ 610,055 Year Ended June 30, 2021 Sphere MSG Networks Total Media networks revenues (a) — 647,510 647,510 Total revenues $ — $ 647,510 $ 647,510 _________________ (a) Primarily consists of affiliation fees from Distributors and, to a lesser extent, advertising revenues through the sale of commercial time and other advertising inventory during MSG Networks programming.
Contract Balances	The following table provides information about the opening and closing contract balances from the Company’s contracts with customers as of June 30, 2023, 2022, and 2021. As of June 30, 2023 2022 Receivables from contracts with customers, net (a) $ 115,039 $ 124,319 Contract assets, current (b) 314 — Contract assets, non-current (b) — 756 Deferred revenue, including non-current portion (c) 27,397 4,413 _________________ (a) As of June 30, 2023, 2022, and 2021, the Company’s receivables from contracts with customers above included $2,730, $992, and $260, respectively, related to various related parties. See Note 17. Related Party Transactions for further details on these related party arrangements. (b) Contract assets primarily relate to the Company’s rights to consideration for goods or services transferred to customers, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. (c) Revenue recognized for Fiscal Year 2023 relating to the deferred revenue balance as of June 30, 2022 was $4,254.
Remaining Performance Obligation	The following table depicts the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2023. This primarily relates to performance obligations under sponsorship 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. Fiscal year ending June 30, 2024 $ 36,070 Fiscal year ending June 30, 2025 30,322 Fiscal year ending June 30, 2026 17,011 Fiscal year ending June 30, 2027 3,433 Fiscal year ending June 30, 2028 — Thereafter — $ 86,836

Restructuring Charges (Tables)

Restructuring Charges (Tables)	12 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	Changes to the Company’s restructuring liability through June 30, 2023 were as follows: June 30, 2022 $ — Restructuring charges (excluding share-based compensation expense) 19,806 Payments (4,971) MSGE Distribution-related transfers of liabilities (5,944) June 30, 2023 $ 8,891

Computation of earnings per-s_2

Computation of earnings per-share (Tables)	12 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Reconciliation of Weighted-Average Shares Used in Calculation of Basic and Diluted Earnings (Loss) Per Common Share	The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted earnings (loss) per common share attributable to Sphere Entertainment Co.’s stockholders. Years Ended June 30, 2023 2022 2021 Net income (loss) available to Sphere Entertainment Co.’s stockholders (numerator): Net income (loss) from continuing operations for EPS $ 172,027 $ (137,850) $ 4,623 Income (loss) from discontinued operations, net of taxes $ 333,653 $ (52,297) $ (171,142) Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations 3,925 7,739 (16,269) Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations (1,017) (3,491) (2,099) Net income (loss) attributable to discontinued operations per statement of operations 330,745 (56,545) (152,774) Adjustment of redeemable noncontrolling interest to redemption value from discontinued operations — (3,173) (8,728) Net income (loss) attributable to discontinued operations for EPS: $ 330,745 $ (59,718) $ (161,502) Weighted-average shares (denominator): Weighted-average shares for basic EPS 34,651 34,255 34,077 Dilutive effect of shares issuable under share-based compensation plans (a) 278 — 175 Weighted-average shares for diluted EPS 34,929 34,255 34,252 Weighted-average anti-dilutive shares (a) 800 — 1,207 Basic earnings (loss) per common share Continuing operations $ 4.96 $ (4.02) $ 0.14 Discontinued operations $ 9.55 $ (1.75) $ (4.74) Basic earnings (loss) per common share attributable to Sphere Entertainment Co.’s stockholders $ 14.51 $ (5.77) $ (4.60) Diluted earnings (loss) per common share Continuing operations $ 4.93 $ (4.02) $ 0.13 Discontinued operations $ 9.47 $ (1.75) $ (4.72) Diluted earnings (loss) per common share attributable to Sphere Entertainment Co.’s stockholders $ 14.40 $ (5.77) $ (4.59) _________________

Investments in Nonconsolidate_2

Investments in Nonconsolidated Affiliates (Tables)	12 Months Ended
	Jun. 30, 2023
Equity Method Investments, Joint Ventures And Cost Method Investments [Abstract]
Cost and Equity Method Investments	The Company’s investments in nonconsolidated affiliates, which are accounted for under the equity method of accounting or as equity investments without readily determinable fair value, are included within Investments in nonconsolidated affiliates in the accompanying consolidated balance sheets and consisted of the following: Investment As of June 30, Ownership Percentage 2023 2022 Equity method investments: SACO Technologies Inc. (“SACO”) 30% $ 22,246 $ 31,448 Holoplot Loan (a) 20,971 — Holoplot 25% 1,542 2,096 MSG Entertainment (b) 20% 341,039 — Equity investments without readily determinable fair values (c) 8,721 6,753 Total investments in nonconsolidated affiliates $ 394,519 $ 40,297 _________________ (a) In January 2023, the Company, through an indirect subsidiary, extended financing to Holoplot GmbH (“Holoplot”) in the form of a three-year convertible loan (the “Holoplot Loan”) of €18,804, equivalent to $20,484 using the applicable exchange rate at the time of the transaction. The Holoplot Loan is comprised of $7,625 cash and $12,859 of outstanding deposits paid by the Company to Holoplot in prior periods, plus accrued interest. Absent conversion, which is currently not available under the terms of the Holoplot Loan, the Holoplot Loan and interest accrued thereon are due and payable at the conclusion of the three year term. (b) The Company elected the fair value option for its investment in MSG Entertainment. The fair value of the investment is determined based on quoted market prices on the New York Stock Exchange (“NYSE”), which are classified within Level I of the fair value hierarchy. (c) For Fiscal Year 2023, the Company recorded an increase of $1,969 to the carrying value of its equity investments without readily determinable fair values. For Fiscal Years 2022 and 2021, the Company did not have any changes in carrying value recorded to its equity investments without readily determinable fair values.
Gain (Loss) on Securities	The following table summarizes the unrealized and realized gains on the MSGE Retained Interest, which are reported in Other income (expenses), net in the accompanying consolidated statements of operations: June 30, Unrealized gain $ 341,039 Gain from shares sold 204,676 Total realized and unrealized gain $ 545,715 Supplemental information on realized gain: Shares of common stock sold 6,878 Cash proceeds from common stock sold $ 204,676

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant 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 30 years Furniture and fixtures 1 year to 10 years Leasehold improvements Shorter of term of lease or useful life of improvement As of June 30, 2023 and 2022, property and equipment, net consisted of the following: As of June 30, 2023 2022 Land $ 80,878 $ 77,471 Buildings 69,049 1,380 Equipment, furniture and fixtures 159,786 102,745 Leasehold improvements 18,491 18,490 Construction in progress (a) 3,066,785 2,020,978 Total property and equipment, gross 3,394,989 2,221,064 Less accumulated depreciation and amortization (87,828) (63,487) Total property and equipment, net $ 3,307,161 $ 2,157,577 _________________ (a) These costs primarily relate to the construction of Sphere in Las Vegas. Construction in progress includes labor and interest that are capitalized during the construction period for significant long term construction projects. For Fiscal Years 2023, 2022, and 2021, the Company capitalized interest of $70,349, $48,507, and $0 respectively.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2023
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 balance sheets as of June 30, 2023 and 2022: As of June 30, 2023 2022 ROU assets $ 84,912 $ 66,151 Lease liabilities: Operating leases, current 10,127 6,553 Operating leases, non-current 110,259 84,420 Total lease liabilities $ 120,386 $ 90,973
Lease, Cost	The following table summarizes the activity recorded within the Company’s consolidated statements of operations for Fiscal Years 2023, 2022, and 2021: Line Item in the Company’s Consolidated Statements of Operations Years Ended June 30, 2023 2022 2021 Operating lease cost Direct operating expenses $ 1,676 $ 1,287 $ 4,468 Operating lease cost Selling, general and administrative expenses 15,925 16,977 15,969 Variable lease cost Direct operating expenses — — 1,121 Variable lease cost Selling, general and administrative expenses 1 20 18 Total lease cost $ 17,602 $ 18,284 $ 21,576 Supplemental cash flow information related to operating leases is as follows: Years Ended June 30, 2023 2022 2021 Cash paid for amounts included in the measurement of operating lease liabilities $ 12,332 $ 14,400 $ 16,603 Lease assets obtained in exchange for new lease obligations 6,435 43,834 19,182
Operaing Lease Maturity Schedule	Maturities of operating lease liabilities are as follows: As of June 30, 2023 Fiscal year ending June 30, 2024 $ 10,489 Fiscal year ending June 30, 2025 17,174 Fiscal year ending June 30, 2026 14,657 Fiscal year ending June 30, 2027 11,382 Fiscal year ending June 30, 2028 11,570 Thereafter 119,439 Total lease payments 184,711 Less imputed interest 64,325 Total lease liabilities $ 120,386 The weighted average remaining lease term and weighted average discount rate for our operating leases as of June 30, 2023 and 2022 were as follows: As of June 30, 2023 2022 Weighted average remaining lease term (in years) 12.1 2.2 Weighted average discount rate 5.38 % 0.78 %

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The carrying amounts and activity of goodwill from June 30, 2021 through June 30, 2023 were as follows: Sphere MSG Networks Total Balance as of June 30, 2021 $ 32,299 $ 424,508 $ 456,807 Activity — — — Balance as of June 30, 2022 $ 32,299 $ 424,508 $ 456,807 Activity — — — Balance as of June 30, 2023 $ 32,299 $ 424,508 $ 456,807
Schedule of Intangible Assets Subject to Amortization	Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives: Estimated Useful Lives Affiliate relationships 24 years The Company’s intangible assets subject to amortization, which relate to affiliate relationships, as of June 30, 2023 and 2022 were as follows: June 30, June 30, Gross carrying amount $ 83,044 83,044 Accumulated amortization (65,134) (62,019) Intangible assets, net 17,910 21,025 _________________
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The Company’s annual amortization expense for existing intangible assets subject to amortization for each of the succeeding five fiscal years is as follows: For the years ending June 30, 2024 2025 2026 2027 2028 Estimated amortization expense $ 3,115 $ 3,115 $ 3,115 $ 3,115 $ 3,115

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Other Commitments	As of June 30, 2023, commitments of the Company in the normal course of business in excess of one year are as follows: Commitments June 30, 2024 June 30, 2025 June 30, 2026 June 30, 2027 June 30, 2028 Thereafter Total Sphere Event-related commitments $ 7,624 $ — $ — $ — $ — $ — $ 7,624 Letter of credit 868 — — — — — 868 MSG Networks Broadcast rights 241,472 241,059 248,957 256,214 266,406 1,818,870 3,072,978 Purchase commitments 13,713 6,148 3,279 1,434 258 — 24,832 Talent commitments 5,701 2,086 512 345 354 359 9,357 Other 6,513 6,137 2,032 2,073 2,116 354 19,225 Total Commitments $ 275,891 $ 255,430 $ 254,780 $ 260,066 $ 269,134 $ 1,819,583 $ 3,134,884

Credit Facilities (Tables)

Credit Facilities (Tables)	12 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes the presentation of the outstanding balances under the Company’s credit agreements as of June 30, 2023 and 2022: June 30, 2023 2022 Current portion MSG Networks Term Loan $ 82,500 $ 66,000 Total Current portion of long-term debt $ 82,500 $ 66,000 June 30, 2023 June 30, 2022 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current portion MSG Networks Term Loan $ 849,750 $ (1,483) $ 848,267 $ 932,250 $ (2,716) $ 929,534 LV Sphere Term Loan Facility 275,000 (4,880) 270,120 — — — Total Long-term debt, net of deferred financing costs $ 1,124,750 $ (6,363) $ 1,118,387 $ 932,250 $ (2,716) $ 929,534 Interest payments and loan principal repayments made by the Company under the credit agreements for Fiscal Years 2023, 2022, and 2021 were as follows: Interest Payments Loan Principal Repayments Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 MSG Networks Credit Facilities $ 58,311 $ 19,173 $ 18,559 $ 66,000 $ 49,500 $ 38,500 LV Sphere Term Loan Facility 12,825 — — — — — Total Payments $ 71,136 $ 19,173 $ 18,559 $ 66,000 $ 49,500 $ 38,500 The carrying value and fair value of the Company’s financial instruments reported in the accompanying consolidated balance sheets as of June 30, 2023 and 2022 were as follows: June 30, 2023 June 30, 2022 Carrying Value (a) Fair Carrying Value (a) Fair Liabilities: MSG Networks Credit Facilities $ 932,250 $ 927,589 $ 998,250 $ 958,320 LV Sphere Term Loan Facility 275,000 272,250 — — Total Long-term debt $ 1,207,250 $ 1,199,839 $ 998,250 $ 958,320 _________________ (a) The total carrying value of the Company’s financial instruments as of June 30, 2023 and 2022 is equal to the current and non-current principal payments for the Company’s credit agreements excluding unamortized deferred financing costs of $6,363 and $2,716, respectively.
Schedule of Maturities of Long-term Debt	Maturities for the outstanding long term debt balances as of June 30, 2023 were as follows: MSG Networks Credit Facilities LV Sphere Term Loan Facility Total Fiscal year ending June 30, 2024 $ 82,500 $ — $ 82,500 Fiscal year ending June 30, 2025 849,750 — 849,750 Fiscal year ending June 30, 2026 — — — Fiscal year ending June 30, 2027 — — — Fiscal year ending June 30, 2028 — 275,000 275,000 Thereafter — — — Total Long-term debt $ 932,250 $ 275,000 $ 1,207,250

Pension Plans and Other Postr_2

Pension Plans and Other Postretirement Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Schedule of Net Funded Status	The following table summarizes the projected benefit obligations, assets, funded status and the amounts recorded on the Company’s consolidated balance sheets as of June 30, 2023 and 2022, associated with the pension plans and Postretirement Plan based upon actuarial valuations as of those measurement dates. Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Change in benefit obligation: Benefit obligation at beginning of period $ 39,683 $ 49,110 $ 1,598 $ 1,795 Service cost 245 371 20 27 Interest cost 1,755 1,048 68 31 Actuarial loss (gain) (a) (1,485) (8,771) 292 (244) Benefits paid (2,153) (2,075) (179) (11) Acquisitions 141 — — — Plan settlements paid (50) — — — Benefit obligation at end of period 38,136 39,683 1,799 1,598 Change in plan assets: Fair value of plan assets at beginning of period 18,756 24,231 — — Actual return on plan assets (312) (4,592) — — Employer contributions 500 — — — Benefits paid (968) (883) — — Fair value of plan assets at end of period 17,976 18,756 — — Funded status at end of period $ (20,160) $ (20,927) $ (1,799) $ (1,598) _____________________ (a) In Fiscal Year 2023 and Fiscal Year 2022, the actuarial gains on the benefit obligations were primarily due to a net increase in discount and interest crediting rates..
Schedule of Amounts Recognized in Balance Sheet	Amounts recognized in the consolidated balance sheets as of June 30, 2023 and 2022 consist of: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Current liabilities (included in Accounts payable, accrued, and other current liabilities) $ (1,355) $ (1,270) $ (157) $ (133) Non-current liabilities (included in Other non-current liabilities) (18,805) (19,657) (1,642) (1,465) $ (20,160) $ (20,927) $ (1,799) $ (1,598)
Schedule of Net Periodic Benefit Cost Not yet Recognized	Accumulated other comprehensive loss, before income tax, as of June 30, 2023 and 2022 consists of the following amounts that have not yet been recognized in net periodic benefit cost: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Actuarial gain (loss) $ (7,249) $ (7,883) $ 203 $ 563
Schedule of Net Periodic Benefit Cost	The following table presents components of net periodic benefit cost for the pension plans and Postretirement Plan included in the accompanying consolidated statements of operations for Fiscal Years 2023, 2022, and 2021. Service cost is recognized in Direct operating expenses and Selling, general and administrative expenses. All other components of net periodic benefit cost are reported in Other income (expense), net. Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Service cost $ 245 $ 371 $ 404 $ 20 $ 27 $ 34 Interest cost 1,755 1,048 1,027 68 31 33 Expected return on plan assets (853) (858) (740) — — — Recognized actuarial loss (gain) 358 585 506 (69) (27) — Settlement gain (12) — — — — — Net periodic benefit cost $ 1,493 $ 1,146 $ 1,197 $ 19 $ 31 $ 67
Schedule of 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 2023, 2022, and 2021 are as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Actuarial gain (loss), net $ 288 $ 3,318 $ (709) $ (292) $ 243 $ 305 Recognized actuarial loss (gain) 358 585 506 (69) (27) — Settlement gain (12) — — — — — Total recognized in other comprehensive income (loss) $ 634 $ 3,903 $ (203) $ (361) $ 216 $ 305
Schedule of Assumptions Used	Weighted-average assumptions used to determine benefit obligations (made at the end of the period) as of June 30, 2023 and 2022 are as follows: Pension Plans Postretirement Plan June 30, June 30, 2023 2022 2023 2022 Discount rate 5.34 % 4.82 % 5.41 % 4.66 % Rate of compensation increase 3.00 % 3.00 % n/a n/a Interest crediting rate 3.77 % 2.76 % n/a n/a Healthcare cost trend rate assumed for next year n/a n/a 7.00 % 6.00 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) n/a n/a 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate n/a n/a 2032 2027 Weighted-average assumptions used to determine net periodic benefit cost (made at the beginning of the period) for Fiscal Years 2023, 2022, and 2021 are as follows: Pension Plans Postretirement Plan Years Ended June 30, Years Ended June 30, 2023 2022 2021 2023 2022 2021 Discount rate - projected benefit obligation 4.81 % 1.36 % 2.69 % 4.66 % 2.25 % 2.16 % Discount rate - service cost 5.06 % 3.13 % 3.05 % 4.89 % 2.62 % 2.46 % Discount rate - interest cost 4.55 % 2.18 % 2.10 % 4.38 % 1.75 % 1.73 % Expected long-term return on plan assets 5.00 % 3.96 % 3.31 % n/a n/a n/a Rate of compensation increase 3.00 % 3.00 % 3.00 % n/a n/a n/a Interest crediting rate 3.77 % 2.76 % 1.37 % n/a n/a n/a Healthcare cost trend rate assumed for next year n/a n/a n/a 6.00 % 6.25 % 6.50 % Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) n/a n/a n/a 5.00 % 5.00 % 5.00 % Year that the rate reaches the ultimate trend rate n/a n/a n/a 2027 2027 2027
Schedule of Allocation of Plan Assets	The weighted-average asset allocation of the pension plans assets at June 30, 2023 and 2022 was as follows: As of June 30, Asset Classes (a) : 2023 2022 Fixed income securities 75 % 99 % Cash equivalents 25 % 1 % 100 % 100 % _____________________ (a) The Company’s target allocation for the assets of the Networks 1212 Plan is 100% fixed income securities as of June 30, 2023.
Schedule of Changes in Fair Value of Plan Assets	The cumulative fair values of the individual plan assets at June 30, 2023 and 2022 by asset class are as follows: Fair Value Hierarchy As of June 30, 2023 2022 Fixed income securities: Money market fund (a) I $ 4,533 $ 218 Common collective trust (b) II 13,443 18,538 Total investments measured at fair value $ 17,976 $ 18,756 _____________________ (a) Money market funds 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.
Schedule of Expected 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, 2024 $ 2,605 $ 162 Fiscal year ending June 30, 2025 $ 2,734 $ 196 Fiscal year ending June 30, 2026 $ 2,943 $ 190 Fiscal year ending June 30, 2027 $ 3,018 $ 203 Fiscal year ending June 30, 2028 $ 2,970 $ 197 Fiscal years ending June 30, 2029 – 2033 $ 15,140 $ 965
Schedule Of Deferred Compensation Plan Recognized On Balance Sheet	Amounts recognized in the consolidated balance sheets as of June 30, 2023 related to the Deferred Compensation Plan consist of: June 30, Non-current assets (included in Other non-current assets) $ 1,087 Non-current liabilities (included in Other non-current liabilities) $ (1,087)

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement, Disclosure [Abstract]
Share-Based Compensation Expense	The following table summarizes the Company’s share-based compensation expense for Fiscal Years 2023, 2022, and 2021: Fiscal Year Ended June 30, 2023 2022 2021 Share-based compensation expense (a) $ 42,607 $ 56,760 $ 59,786 _________________ (a) Share-based compensation excludes costs that have been capitalized of $3,642 , $2,979 and $5,476 for Fiscal Years 2023, 2022, and 2021, respectively. For Fiscal Years 2023, 2022, and 2021, share-based compensation also excludes costs of $8,118, $4,254, and nil, respectively, that have been reclassified to Restructuring charges in the consolidated statements of operations, as detailed in Note 5, Restructuring Charges.
Share-based Payment Arrangement, Restricted Stock Unit, Activity	The following table summarizes activity related to the Company’s RSUs and PSUs, held by the Company, MSG Sports and MSG Entertainment employees for Fiscal Year 2023: Number of Weighted-Average Grant-date Fair Value (a) RSUs PSUs Unvested award balance as of June 30, 2022 1,072 845 $ 75.70 Granted 833 593 $ 50.81 Vested (b) (696) (170) $ 72.32 Forfeited (69) (89) $ 63.82 Unvested award balance as of June 30, 2023 1,140 1,179 $ 63.74 _________________ (a) Weighted-average grant-date fair value as of June 30, 2022 and for activity prior to MSGE Distribution Date does not reflect any adjustment associated with the MSGE Distribution. See Note 1. Description of Business for further detail for the MSGE Distribution. (b) The fair value of RSUs and PSUs that vested and were distributed during Fiscal Year 2023 was $42,467. Upon delivery, RSUs and PSUs granted under the Employee Stock Plan and the MSG Networks Employee Stock Plan 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, 354 awards, with an aggregate value of $17,477 were retained by the Company during Fiscal Year 2023, 6 of these awards, with an aggregate value of $305, were related to MSG Sports employees. The following table summarizes additional information about RSUs and PSUs: Years Ended June 30, 2023 2022 2021 (a) Weighted average grant date fair value per share of awards granted $ 50.81 $ 79.34 $ 69.66 Fair value of awards vested $ 42,467 $ 39,530 $ 27,077 _____________________ (a) Includes the MSG Networks Inc. share conversion of 0.172 RSUs for the Company’s Class A Common Stock as mentioned below in the “Treatment After Merger with MSG Networks Inc.” section of the footnote. Intrinsic value for awards vested is based on the market value of the date of release.
Share-based Payment Arrangement, Option, Activity	The following table summarizes activity related to the Company’s stock options for Fiscal Year 2023: Number of Weighted-Average Exercise Price Per Share (a) Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of June 30, 2022 724 $ 103.88 Options granted in Fiscal Year 2023 — $ — Balance as of June 30, 2023 724 $ 48.03 2.47 $ — Exercisable as of June 30, 2023 724 $ 48.03 2.47 $ — _________________ (a) Weighted-average exercise price per share as of June 30, 2022 and for activity prior to MSGE Distribution Date does not reflect any adjustment associated with the MSGE Distribution. See Note 1. Description of Business for further detail for the MSGE Distribution.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table details the components of accumulated other comprehensive loss: Pension Plans and Cumulative Translation Adjustments Accumulated Balance as of June 30, 2022 $ (40,287) $ (8,068) $ (48,355) Other comprehensive income (loss): Other comprehensive income before reclassifications — 6,656 6,656 Amounts reclassified from accumulated other comprehensive loss (a) 1,755 — 1,755 Income tax expense (323) (1,212) (1,535) Other comprehensive income, total 1,432 5,444 6,876 Disposition of Tao Group Hospitality — 2,824 2,824 Distribution of MSG Entertainment 33,717 — 33,717 Balance as of June 30, 2023 $ (5,138) $ 200 $ (4,938) Pension Plans and Cumulative Translation Adjustments Accumulated Balance as of June 30, 2021 $ (45,425) $ 15,153 $ (30,272) Other comprehensive income (loss): Other comprehensive loss before reclassifications — (25,034) (25,034) Amounts reclassified from accumulated other comprehensive loss (a) 2,734 — 2,734 Income tax benefit 2,404 1,813 4,217 Other comprehensive income (loss), total 5,138 (23,221) (18,083) Balance as of June 30, 2022 $ (40,287) $ (8,068) $ (48,355) Pension Plans and Cumulative Translation Adjustments Accumulated Balance as of June 30, 2020 $ (40,248) $ (10,225) $ (50,473) Other comprehensive income (loss): Other comprehensive (loss) income before reclassifications (404) 27,688 27,284 Amounts reclassified from accumulated other comprehensive loss (a) (2,445) — (2,445) Income tax expense (2,328) (2,310) (4,638) Other comprehensive (loss) income, total (5,177) 25,378 20,201 Balance as of June 30, 2021 $ (45,425) $ 15,153 $ (30,272) ________________ (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 statements of operations (see Note 13. Pension Plans and Other Postretirement Benefit Plan).

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Income tax expense (benefit) attributable to continuing operations is comprised of the following components: Years Ended June 30, 2023 2022 2021 Current expense (benefit): Federal $ (1,389) $ (1,555) $ (19,310) State and other 4,672 (9,927) (10,378) 3,283 (11,482) (29,688) Deferred expense (benefit): Federal 59,253 (17,665) 35,564 State and other 40,867 (683) 33,031 100,120 (18,348) 68,595 Income tax expense (benefit) $ 103,403 $ (29,830) $ 38,907
Schedule of Effective Income Tax Rate Reconciliation	The income tax expense (benefit) attributable to continuing operations 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: Years Ended June 30, 2023 2022 2021 Federal tax expense (benefit) at statutory federal rate 57,840 (35,213) $ 9,142 State income taxes, net of federal benefit 35,656 (3,970) 9,222 Change in the estimated applicable tax rate used to determine deferred taxes 1,286 (1,732) 5,332 Change in valuation allowance (2,053) (2,200) 4,863 Nondeductible officers’ compensation 4,814 12,759 9,646 Nondeductible expenses 291 172 139 Excess tax benefit related to share-based payment awards 4,678 320 962 Other 891 34 (399) Income tax expense (benefit) $ 103,403 $ (29,830) $ 38,907
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences which give rise to significant portions of the deferred tax assets and liabilities at June 30, 2023 and 2022 are as follows: June 30, 2023 2022 Deferred tax asset: Net operating loss (“NOL”) carryforwards $ 26,684 $ 172,595 Tax credit carryforwards — 2,682 Accrued employee benefits 27,349 14,335 Restricted stock units and stock options 9,231 11,931 Right-of-use lease assets and lease liabilities, net 11,040 7,250 Investments — 26,946 Accrued litigation 14,991 — Other 3,694 2,251 Total deferred tax assets $ 92,989 $ 237,990 Less valuation allowance (30) (2,923) Net deferred tax assets $ 92,959 $ 235,067 Deferred tax liabilities: Intangible and other assets $ (264,800) $ (264,605) Property and equipment (105,405) (109,556) Prepaid expenses (5,870) (2,091) Deferred interest (12,474) (3,206) Other investments (83,962) — Total deferred tax liabilities $ (472,511) $ (379,458) Deferred tax liabilities, net $ (379,552) $ (144,391)

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes the composition and amounts of the transactions with the Company’s affiliates. The significant components of these amounts are discussed below. These amounts are reflected in revenues and operating expenses in the accompanying consolidated statements of operations for Fiscal Years 2023, 2022, and 2021: Years Ended June 30, 2023 2022 2021 Revenues $ 2,079 $ 1,220 $ — Operating expenses (credits): Media rights fees $ 172,581 $ 163,131 $ 143,464 Cost reimbursement from MSG Sports - MSG Sports Services Agreement (29,836) (38,254) (36,502) Corporate general and administrative expenses, net - MSGE TSA 27,494 — — Origination, master control and technical services 4,982 4,880 4,784 Other operating expenses, net 261 952 3,381 Total operating expenses, net (a) $ 175,482 $ 130,709 $ 115,127 _____________________ (a) Of the total operating expenses, net, $206,804, $167,928 and $150,226 for Fiscal Years 2023, 2022, and 2021, respectively, are included in direct operating expenses in the accompanying consolidated statements of operations, and $(31,322), $(37,219) and $(35,099) for Fiscal Years 2023, 2022, and 2021, respectively, are included as net credits in selling, general and administrative expenses.

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	Information as to the operations of the Company’s reportable segments is set forth below. Year Ended June 30, 2023 Sphere MSG Networks Total Revenues $ 2,610 $ 571,221 $ 573,831 Direct operating expenses (5,545) (336,666) (342,211) Selling, general and administrative expenses (325,660) (126,482) (452,142) Depreciation and amortization (24,048) (6,668) (30,716) Impairment and other gains (losses), net 6,229 (109) 6,120 Restructuring charges (23,136) (4,788) (27,924) Operating (loss) income (369,550) 96,508 (273,042) Interest income 11,585 Interest expense — Other income (expense), net 536,887 Income from operations before income taxes $ 275,430 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating (loss) income $ (369,550) $ 96,508 $ (273,042) Add back: Share-based compensation expense 36,188 6,419 42,607 Depreciation and amortization 24,048 6,668 30,716 Restructuring charges 23,136 4,788 27,924 Impairment and other (gains) losses, net (6,229) 109 (6,120) Merger and acquisition related costs (189) 55,236 55,047 Amortization for capitalized cloud computing costs — 161 161 Remeasurement of deferred compensation plan liabilities 187 — 187 Adjusted operating (loss) income $ (292,409) $ 169,889 $ (122,520) Other information: Capital expenditures $ 1,025,700 $ 9,185 $ 1,034,885 Year Ended June 30, 2022 Sphere MSG Networks Total Revenues $ 1,900 $ 608,155 $ 610,055 Direct operating expenses — (320,278) (320,278) Selling, general and administrative expenses (293,664) (126,129) (419,793) Depreciation and amortization (13,168) (9,394) (22,562) Impairment and other gains, net 245 — 245 Restructuring charges (12,952) (452) (13,404) Operating (loss) income (317,639) 151,902 (165,737) Interest income 3,575 Interest expense — Other income (expense), net (5,518) Loss from operations before income taxes $ (167,680) Reconciliation of operating income (loss) to adjusted operating income (loss): Operating (loss) income $ (317,639) $ 151,902 $ (165,737) Add back: Share-based compensation expense 39,668 17,092 56,760 Depreciation and amortization 13,168 9,394 22,562 Restructuring charges 12,952 452 13,404 Impairment and other gains, net (245) — (245) Merger and acquisition related costs 20,834 27,683 48,517 Amortization for capitalized cloud computing costs 95 176 271 Adjusted operating (loss) income $ (231,167) $ 206,699 $ (24,468) Other information: Capital expenditures $ 717,093 $ 3,673 $ 720,766 Year Ended June 30, 2021 Sphere MSG Networks Total Revenues $ — $ 647,510 $ 647,510 Direct operating expenses — (262,859) (262,859) Selling, general and administrative expenses (193,831) (101,641) (295,472) Depreciation and amortization (9,271) (7,335) (16,606) Restructuring charges (8,061) — (8,061) Operating (loss) income (211,163) 275,675 64,512 Interest income 3,172 Interest expense (20,219) Other income (expense), net (3,935) Income from operations before income taxes $ 43,530 Reconciliation of operating income (loss) to adjusted operating income (loss): Operating (loss) income $ (211,163) $ 275,675 64,512 Add back: Share-based compensation expense 42,119 17,667 59,786 Depreciation and amortization 9,271 7,335 16,606 Restructuring charges 8,061 — 8,061 Merger and acquisition related costs 16,080 4,502 20,582 Adjusted operating (loss) income $ (135,632) $ 305,179 $ 169,547 Other information: Capital expenditures $ 438,647 $ 2,814 $ 441,461
Schedules of Concentration of Risk	Accounts receivable, net on the accompanying consolidated balance sheets as of June 30, 2023 and 2022 included amounts due from the following individual customers, substantially derived from the MSG Networks segment, which accounted for the noted percentages of the gross balance: As of June 30, 2023 2022 Customer A 23 % 21 % Customer B 22 % 21 % Customer C 17 % 18 % Customer D N/A 12 % Revenues in the accompanying consolidated statements of operations for Fiscal Years 2023, 2022, and 2021 included amounts from the following individual customers, primarily derived from the MSG Networks segment, which accounted for the noted percentages of the total: Years Ended June 30, 2023 2022 2021 Customer 1 26 % 26 % 25 % Customer 2 26 % 27 % 27 % Customer 3 21 % 21 % 20 %

Additional Financial Informat_2

Additional Financial Information (Tables)	12 Months Ended
	Jun. 30, 2023
Additional Financial Information [Abstract]
Cash, Cash Equivalents and Restricted Cash	The following table provides a summary of the amounts recorded as cash and cash equivalents, and restricted cash as of June 30, 2023 and 2022: As of June 30, 2023 2022 Cash and cash equivalents $ 131,965 $ 747,313 Restricted cash $ 297,149 $ 12,999 Total Cash and cash equivalents, and restricted cash $ 429,114 $ 760,312
Schedule of Cash and Cash Equivalents	The following table provides a summary of the amounts recorded as cash and cash equivalents, and restricted cash as of June 30, 2023 and 2022: As of June 30, 2023 2022 Cash and cash equivalents $ 131,965 $ 747,313 Restricted cash $ 297,149 $ 12,999 Total Cash and cash equivalents, and restricted cash $ 429,114 $ 760,312
Schedule of Other Current Assets	Prepaid expenses and other current assets as of June 30, 2023 and 2022 consisted of the following: As of June 30, 2023 2022 Prepaid expenses $ 22,616 $ 10,647 Prepaid income taxes 834 4,510 Notes and other receivables 21,453 2,404 Current contract assets (a) 314 — Current deferred production costs 6,524 3,427 Other 4,344 5,874 Total prepaid expenses and other current assets $ 56,085 $ 26,862 _________________ (a) See Note 4. Revenue Recognition for more information on contract assets.
Other Current Liabilities	Accounts payable, accrued, and other current liabilities as of June 30, 2023 and 2022 consisted of the following: As of June 30, 2023 2022 Accounts payable $ 39,654 $ 2,014 Accrued payroll and employee related liabilities 75,579 46,221 Cash due to promoters 73,611 — Income taxes payable 11,842 — Capital related accruals 236,593 204,894 Accrued legal fees 53,857 6,970 Other accrued expenses 24,595 16,459 Total accounts payable, accrued, and other current liabilities $ 515,731 $ 276,558
Schedule of Other Nonoperating Income (Expense)	Other income (expense), net for Fiscal Years 2023, 2022, and 2021 included the following: Years Ended June 30, 2023 2022 2021 Realized and unrealized gain on MSGE Retained Interest, see Note 7 for further detail $ 545,715 $ — $ — Unrealized gain on equity investments without readily determinable fair value 1,969 — 1,252 Loss on other equity method investments (8,184) (4,863) (4,828) Other (2,613) (655) (359) Total other income (expense), net $ 536,887 $ (5,518) $ (3,935)

Interim Condensed Financial I_2

Interim Condensed Financial Information (Unaudited) (Tables)	12 Months Ended
	Jun. 30, 2023
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information	The following is a summary of the Company’s selected quarterly financial data for Fiscal Years 2023 and 2022: Three Months Ended September 30, December 31, March 31, June 30, 2022 2022 2023 2023 Revenues $ 123,129 $ 159,541 $ 162,062 $ 129,099 Operating expenses (174,184) (209,276) (263,969) (199,444) Operating loss $ (51,055) $ (49,735) $ (101,907) $ (70,345) Net (loss) income from continuing operations $ (23,158) $ (50,453) $ (113,999) $ 359,637 Net income from discontinued operations, net of taxes $ 2,236 $ 97,889 $ 55,441 $ 178,087 Net (loss) income $ (20,922) $ 47,436 $ (58,558) $ 537,724 Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations 1,124 3,029 (1,492) 1,264 Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations (410) (56) (216) (335) Net (loss) income attributable to Sphere Entertainment Co.’s stockholders $ (21,636) $ 44,463 $ (56,850) $ 536,795 Continuing Operations Basic (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (0.67) $ (1.45) $ (3.28) $ 10.34 Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (0.67) $ (1.45) $ (3.28) $ 10.21 Discontinued Operations Basic earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ 0.04 $ 2.74 $ 1.65 $ 5.09 Diluted earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ 0.04 $ 2.73 $ 1.65 $ 5.03 Three Months Ended September 30, December 31, March 31, June 30, 2021 2021 2022 2022 Revenues $ 141,473 $ 160,753 $ 168,080 $ 139,749 Operating expenses (193,897) (190,029) (190,268) (201,598) Operating loss $ (52,424) $ (29,276) $ (22,188) $ (61,849) Net loss from continuing operations $ (37,337) $ (21,941) $ (27,021) $ (51,551) Net (loss) income from discontinued operations $ (39,318) $ 26,959 $ 7,715 $ (47,653) Net (loss) income $ (76,655) $ 5,018 $ (19,306) $ (99,204) Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations 2,212 2,642 (442) 3,327 Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations 365 106 (1,373) (2,589) Net (loss) income attributable to Sphere Entertainment Co.’s stockholders per statement of operations (79,232) 2,270 (17,491) (99,942) Adjustment of redeemable noncontrolling interest to redemption value from discontinued operations — — — (3,173) Net (loss) income attributable to Sphere Entertainment Co.’s stockholders for EPS $ (79,232) $ 2,270 $ (17,491) $ (103,115) Continuing Operations Basic (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (1.10) $ (0.64) $ (0.79) $ (1.50) Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (1.10) $ (0.64) $ (0.79) $ (1.50) Discontinued Operations Basic (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (1.23) $ 0.71 $ 0.28 $ (1.50) Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders $ (1.23) $ 0.70 $ 0.28 $ (1.50)

Description of Business and B_2

Description of Business and Basis of Presentation (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	May 03, 2023 USD ($)	Apr. 20, 2023 $ / shares shares	Jun. 30, 2023 USD ($) ft² segment guest network ft $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Aug. 18, 2023 shares	Aug. 09, 2023
Conversion of Stock [Line Items]
Number of segments | segment			2
Number of networks | network			2
Venue occupancy, number of guests | guest			20,000
Building height (in feet) | ft			100
Proceeds from disposition | $			$ 318,003	$ 0
Studio Campus
Conversion of Stock [Line Items]
Studio campus, square footage (in square feet) | ft²			68,000
Big Dome
Conversion of Stock [Line Items]
Studio campus, square footage (in square feet) | ft²			28,000
Discontinued Operations, Disposed of by Sale | Tao Group Hospitality
Conversion of Stock [Line Items]
Disposal group, including discontinued operation, ownership percentage in disposed asset	66.90%
Consideration to be received for disposal | $	$ 550,000
Proceeds from disposition | $	$ 290,000
Discontinued Operations, Disposed of by Sale | TAO Holdings
Conversion of Stock [Line Items]
Disposal group, including discontinued operation, ownership percentage in disposed asset	79.10%
MSG Stockholders | MSGE | Spinoff
Conversion of Stock [Line Items]
Noncontrolling interest, ownership percentage by parent		67%
Noncontrolling interest, ownership percentage by noncontrolling owners		33%
Class A Common Stock
Conversion of Stock [Line Items]
Common stock, par value (dollars per share) | $ / shares			$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)			27,812,000	27,368,000
Class A Common Stock | Subsequent Event | MSG Entertainment
Conversion of Stock [Line Items]
Common stock, shares outstanding (in shares)					49,128
Class A Common Stock | Spinoff | MSGE
Conversion of Stock [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)		1
Common stock, par value (dollars per share) | $ / shares		$ 0.01
Class A Common Stock | MSG Entertainment | Subsequent Event
Conversion of Stock [Line Items]
Noncontrolling interest, ownership percentage by parent						17%
Class B Common Stock
Conversion of Stock [Line Items]
Common stock, par value (dollars per share) | $ / shares			$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)			6,867,000	6,867,000
Class B Common Stock | Spinoff | MSGE
Conversion of Stock [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)		1
Common stock, par value (dollars per share) | $ / shares		$ 0.01

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
Production costs	$ 61,421,000	$ 0
Advertising costs	16,977,000	22,880,000	$ 24,533,000
Accounts receivable, allowance for credit loss	$ 171,000	$ 843,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Property and Equipment and Intangible Assets (Details)	Jun. 30, 2023
Customer Relationships
Property, Plant and Equipment [Line Items]
Intangible asset, useful life	24 years
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Minimum | Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	1 year
Minimum | Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	1 year
Maximum | Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	30 years
Maximum | Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Discontinued Operations, Disposed of by Means Other than Sale, Spinoff - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposition	$ 212,857
Income tax expense	(39,212)	$ (4,045)	$ (33,182)
Operating Segments | Tao Group Hospitality
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposition	212,857
Income tax expense	$ (33,695)	$ (18,114)	$ (2,176)

Discontinued Operations - Sched

Discontinued Operations - Schedule of Disposed Assets from Discontinued Operations (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Current Assets:
Total current assets	$ 0	$ 307,530
Current Liabilities:
Total current liabilities	0	607,559
Non-Current Liabilities:
Redeemable noncontrolling interests of disposal group classified as discontinued operations	$ 0	184,192	$ 137,834	$ 20,600
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff
Current Assets:
Cash, cash equivalents, and restricted cash		85,698
Accounts receivable, net		93,325
Prepaid expenses and other current assets		128,507
Total current assets		307,530
Non-Current Assets:
Investments in nonconsolidated affiliates		3,507
Property and equipment, net		781,475
Right-of-use lease assets		380,348
Goodwill		43,374
Finite intangible assets, net		143,059
Indefinite-lived intangible assets		63,801
Other non-current assets		96,617
Total assets of the discontinued operations		1,819,711
Current Liabilities:
Accounts payable, accrued, and other current liabilities		312,578
Current portion of long-term debt		12,512
Operating lease liabilities, current		58,757
Deferred revenue		223,712
Total current liabilities		607,559
Non-Current Liabilities:
Long-term debt, net of deferred financing costs		735,042
Operating lease liabilities, non-current		343,551
Deferred tax liabilities, net		19,050
Other non-current liabilities		54,022
Total liabilities of the discontinued operations		1,759,224
Net (Liabilities) Assets of the disposal group classified as discontinued operations		60,487
Redeemable noncontrolling interests of disposal group classified as discontinued operations		184,192
Nonredeemable noncontrolling interests of disposal group classified as discontinued operations		12,163
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | MSGE
Current Assets:
Cash, cash equivalents, and restricted cash		62,573
Accounts receivable, net		63,804
Prepaid expenses and other current assets		107,999
Total current assets		234,376
Non-Current Assets:
Investments in nonconsolidated affiliates		350
Property and equipment, net		696,079
Right-of-use lease assets		271,154
Goodwill		42,010
Finite intangible assets, net		1,638
Indefinite-lived intangible assets		63,801
Other non-current assets		83,185
Total assets of the discontinued operations		1,392,593
Current Liabilities:
Accounts payable, accrued, and other current liabilities		252,346
Current portion of long-term debt		8,762
Operating lease liabilities, current		39,006
Deferred revenue		203,885
Total current liabilities		503,999
Non-Current Liabilities:
Long-term debt, net of deferred financing costs		654,912
Operating lease liabilities, non-current		254,114
Deferred tax liabilities, net		19,050
Other non-current liabilities		52,629
Total liabilities of the discontinued operations		1,484,704
Net (Liabilities) Assets of the disposal group classified as discontinued operations		(92,111)
Nonredeemable noncontrolling interests of disposal group classified as discontinued operations		(114)
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Tao Group Hospitality
Current Assets:
Cash, cash equivalents, and restricted cash		23,125
Accounts receivable, net		29,521
Prepaid expenses and other current assets		20,508
Total current assets		73,154
Non-Current Assets:
Investments in nonconsolidated affiliates		3,157
Property and equipment, net		85,396
Right-of-use lease assets		109,194
Goodwill		1,364
Finite intangible assets, net		141,421
Other non-current assets		13,432
Total assets of the discontinued operations		427,118
Current Liabilities:
Accounts payable, accrued, and other current liabilities		60,232
Current portion of long-term debt		3,750
Operating lease liabilities, current		19,751
Deferred revenue		19,827
Total current liabilities		103,560
Non-Current Liabilities:
Long-term debt, net of deferred financing costs		80,130
Operating lease liabilities, non-current		89,437
Other non-current liabilities		1,393
Total liabilities of the discontinued operations		274,520
Net (Liabilities) Assets of the disposal group classified as discontinued operations		152,598
Redeemable noncontrolling interests of disposal group classified as discontinued operations		184,192
Nonredeemable noncontrolling interests of disposal group classified as discontinued operations		$ 12,277

Discontinued Operations - Sch_2

Discontinued Operations - Schedule of Disposed Income Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of taxes	$ 178,087	$ 55,441	$ 97,889	$ 2,236	$ (47,653)	$ 7,715	$ 26,959	$ (39,318)	$ 333,653	$ (52,297)	$ (171,142)
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues									1,177,467	1,114,563	166,703
Direct operating expenses									(683,269)	(685,759)	(164,807)
Selling, general, and administrative expenses									(270,498)	(265,211)	(136,000)
Depreciation and amortization									(72,659)	(102,067)	(105,393)
Impairment and other gains, net									4,834	(2,800)
Restructuring charges									(7,435)	(1,286)	(13,238)
Operating income									148,440	63,040	(252,735)
Interest income									3,029	635	50
Interest expense									(3,582)	(27,155)	(204)
Other expense, net										(84,772)
Other income, net									12,121		48,565
Income from discontinued operations before income taxes									160,008	(48,252)	(204,324)
Income tax expense									(39,212)	(4,045)	(33,182)
Income (loss) from discontinued operations, net of taxes									120,796
Gain on disposal before income taxes									213,877
Income tax expense									1,020
Gain on disposal, net of taxes									(212,857)
Income (loss) from discontinued operations, net of taxes									333,653	(52,297)	(171,142)
Less: Net income attributable to redeemable noncontrolling interests									3,925	(3,491)	(2,099)
Less: Net loss attributable to nonredeemable noncontrolling interests									(1,017)	7,739	(16,269)
Net income from discontinued operations attributable to Sphere Entertainment Co.’s stockholders									330,745	(56,545)	(152,774)
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Eliminations (a)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues									(1,761)	(2,698)	(1,729)
Direct operating expenses									1,371	2,077	1,502
Selling, general, and administrative expenses									(195)		227
Operating income									(585)	(621)
Interest expense									0
Other income, net									0
Income from discontinued operations before income taxes									(585)	(621)
Income tax expense									0
Income (loss) from discontinued operations, net of taxes									(585)
Gain on disposal before income taxes									0
Income tax expense									0
Gain on disposal, net of taxes									0
Income (loss) from discontinued operations, net of taxes									(585)	(621)
Less: Net income attributable to redeemable noncontrolling interests									0
Less: Net loss attributable to nonredeemable noncontrolling interests									0
Net income from discontinued operations attributable to Sphere Entertainment Co.’s stockholders									(585)	(621)
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | MSGE
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization									(49,423)	(69,564)	(71,577)
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | MSGE | Operating Segments
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues									731,299	632,612	68,567
Direct operating expenses									(421,440)	(417,108)	(96,073)
Selling, general, and administrative expenses									(119,032)	(110,288)	(88,383)
Depreciation and amortization									(49,423)	(69,564)	(71,577)
Impairment and other gains, net									4,361
Restructuring charges									(7,435)	(1,286)	(13,238)
Operating income									138,330	34,366	(200,704)
Interest income									2,880	612	29
Interest expense									(1,031)	(25,453)	(204)
Other expense, net										(84,690)
Other income, net									11,456		50,624
Income from discontinued operations before income taxes									151,635	(75,165)	(150,255)
Income tax expense									(5,517)	14,069	(31,006)
Income (loss) from discontinued operations, net of taxes									146,118
Gain on disposal before income taxes									0
Income tax expense									0
Gain on disposal, net of taxes									0
Income (loss) from discontinued operations, net of taxes									146,118	(61,096)	(119,249)
Less: Net income attributable to redeemable noncontrolling interests									0	(2,864)	(694)
Less: Net loss attributable to nonredeemable noncontrolling interests									(553)
Net income from discontinued operations attributable to Sphere Entertainment Co.’s stockholders									146,671	(58,232)	(118,555)
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Tao Group Hospitality
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization									(23,236)	(32,503)	(33,816)
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Tao Group Hospitality | Operating Segments
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues									447,929	484,649	99,865
Direct operating expenses									(263,200)	(270,728)	(70,236)
Selling, general, and administrative expenses									(151,271)	(154,923)	(47,844)
Depreciation and amortization									(23,236)	(32,503)	(33,816)
Impairment and other gains, net									473	(2,800)
Operating income									10,695	29,295	(52,031)
Interest income									149	23	21
Interest expense									(2,551)	(1,702)
Other expense, net										(82)	(2,059)
Other income, net									665
Income from discontinued operations before income taxes									8,958	27,534	(54,069)
Income tax expense									(33,695)	(18,114)	(2,176)
Income (loss) from discontinued operations, net of taxes									(24,737)
Gain on disposal before income taxes									213,877
Income tax expense									1,020
Gain on disposal, net of taxes									(212,857)
Income (loss) from discontinued operations, net of taxes									188,120	9,420	(51,893)
Less: Net income attributable to redeemable noncontrolling interests									3,925	(627)	(1,405)
Less: Net loss attributable to nonredeemable noncontrolling interests									(464)	7,739	(16,269)
Net income from discontinued operations attributable to Sphere Entertainment Co.’s stockholders									$ 184,659	$ 2,308	$ (34,219)

Discontinued Operations - Sch_3

Discontinued Operations - Schedule of Disposed Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Non-cash items included in net income (loss):
Impairments and other (gains), net	$ (224,831)	$ (3,045)	$ 0
Share-based compensation expense	62,658	77,141	70,584
Cash flow from investing activities:
Capital expenditures, net	1,058,978	756,717	456,007
Non-cash investing activities:
Capital expenditures incurred but not yet paid	248,041	206,462	110,428
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff
Non-cash items included in net income (loss):
Depreciation and amortization	72,659	102,067	105,393
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | MSGE
Non-cash items included in net income (loss):
Depreciation and amortization	49,423	69,564	71,577
Impairments and other (gains), net	(4,361)	0	0
Share-based compensation expense	4,710	8,480	5,514
Cash flow from investing activities:
Capital expenditures, net	12,832	15,797	10,315
Non-cash investing activities:
Capital expenditures incurred but not yet paid	780	1,585	1,083
Investments and loans to nonconsolidated affiliates	0	0	0
Non-cash contribution received from noncontrolling interests	0	0	0
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Tao Group Hospitality
Non-cash items included in net income (loss):
Depreciation and amortization	23,236	32,503	33,816
Impairments and other (gains), net	(214,350)	(2,800)	0
Share-based compensation expense	7,224	7,647	5,284
Cash flow from investing activities:
Capital expenditures, net	17,488	23,309	3,192
Non-cash investing activities:
Capital expenditures incurred but not yet paid	817	119	72
Investments and loans to nonconsolidated affiliates	113	791	0
Non-cash contribution received from noncontrolling interests	$ 0	$ 0	$ (59,763)

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									$ 571,221	$ 608,155
Revenues from subleases									2,610	1,900
Revenues	$ 129,099	$ 162,062	$ 159,541	$ 123,129	$ 139,749	$ 168,080	$ 160,753	$ 141,473	573,831	610,055	$ 647,510
Media networks revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									571,221	608,155	647,510
Sphere | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									0	0
Revenues from subleases									2,610	1,900	0
Revenues									2,610	1,900	0
Sphere | Operating Segments | Media networks revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									0	0	0
MSG Networks | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									571,221	608,155
Revenues from subleases									0	0
Revenues									571,221	608,155	647,510
MSG Networks | Operating Segments | Media networks revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									571,221	608,155	647,510
Transferred over Time | Signage
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									6,990	6,470	4,022
Transferred over Time | Media related, primarily from affiliation agreements
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									558,362	596,032	639,470
Transferred over Time | Sphere | Operating Segments | Signage
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									0	0	0
Transferred over Time | Sphere | Operating Segments | Media related, primarily from affiliation agreements
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									0	0	0
Transferred over Time | MSG Networks | Operating Segments | Signage
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									6,990	6,470	4,022
Transferred over Time | MSG Networks | Operating Segments | Media related, primarily from affiliation agreements
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									558,362	596,032	639,470
Transferred at Point in Time | Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									5,869	5,653	4,018
Transferred at Point in Time | Sphere | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									0	0	0
Transferred at Point in Time | MSG Networks | Operating Segments | Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers									$ 5,869	$ 5,653	$ 4,018

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Contract Balances [Line Items]
Revenue recognized	$ 4,254
Receivables from contracts with customers, net
Contract Balances [Line Items]
Contract balance, assets	115,039	$ 124,319
Contract assets, current
Contract Balances [Line Items]
Contract balance, assets	314	0
Contract assets, non-current
Contract Balances [Line Items]
Contract balance, assets	0	756
Deferred revenue, including non-current portion
Contract Balances [Line Items]
Contract balance, liabilities	27,397	4,413
Net related party receivables
Contract Balances [Line Items]
Contract balance, assets	$ 2,730	$ 992	$ 260

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 86,836
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	1 year
Remaining performance obligations	$ 36,070
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	1 year
Remaining performance obligations	$ 30,322
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	1 year
Remaining performance obligations	$ 17,011
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	1 year
Remaining performance obligations	$ 3,433
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	1 year
Remaining performance obligations	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction, period	1 year
Remaining performance obligations	$ 0

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 27,924,000	$ (13,404,000)
Performance Stock Units and Performance Restricted Stock Units
Restructuring Cost and Reserve [Line Items]
Severance costs	8,118,000	4,254,000	$ 0
Continuing Operations
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 27,924,000	$ 13,404,000	$ 8,061,000

Restructuring Charges - Schedul

Restructuring Charges - Schedule of Restructuring Charges (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 0
Restructuring charges (excluding share-based compensation expense)	19,806
Payments	(4,971)
MSGE Distribution-related transfers of liabilities	(5,944)
Restructuring reserve, ending balance	$ 8,891

Computation of earnings per-s_3

Computation of earnings per-share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Net income (loss) available to Sphere Entertainment Co.’s stockholders (numerator):
Income (loss) from continuing operations	$ 359,637	$ (113,999)	$ (50,453)	$ (23,158)	$ (51,551)	$ (27,021)	$ (21,941)	$ (37,337)
Income (loss) from discontinued operations, net of taxes	$ 178,087	$ 55,441	$ 97,889	$ 2,236	(47,653)	7,715	26,959	(39,318)	$ 333,653	$ (52,297)	$ (171,142)
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations									(3,925)	(7,739)	16,269
Adjustment of redeemable noncontrolling interest to redemption value from discontinued operations					$ 3,173	$ 0	$ 0	$ 0	0	(3,173)	(8,728)
Net income (loss) attributable to discontinued operations for EPS:									$ 330,745	$ (59,718)	$ (161,502)
Weighted-average shares (denominator):
Weighted-average shares for basic EPS (in shares)									34,651	34,255	34,077
Dilutive effect of shares issuable under share-based compensation plans (in shares)									278	0	175
Weighted average number of shares outstanding, diluted (in shares)									34,929	34,255	34,252
Weighted-average anti-dilutive shares (in shares)									800	0	1,207
Basic earnings (loss) per common share
Continuing operations, basic (in dollars per share)									$ 4.96	$ (4.02)	$ 0.14
Discontinued operations, basic (in dollars per share)									9.55	(1.75)	(4.74)
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)									14.51	(5.77)	(4.60)
Diluted earnings (loss) per common share
Continuing operations, diluted (in dollars per share)									4.93	(4.02)	0.13
Discontinued operations, diluted (in dollars per share)									9.47	(1.75)	(4.72)
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)									$ 14.40	$ (5.77)	$ (4.59)
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff
Net income (loss) available to Sphere Entertainment Co.’s stockholders (numerator):
Income (loss) from discontinued operations, net of taxes									$ 333,653	$ (52,297)	$ (171,142)
Net income from discontinued operations attributable to Sphere Entertainment Co.’s stockholders									330,745	(56,545)	(152,774)
Continuing Operations
Net income (loss) available to Sphere Entertainment Co.’s stockholders (numerator):
Income (loss) from continuing operations									172,027	(137,850)	4,623
Basic earnings (loss) per common share
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)	$ 10.34	$ (3.28)	$ (1.45)	$ (0.67)	$ (1.50)	$ (0.79)	$ (0.64)	$ (1.10)
Diluted earnings (loss) per common share
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)	$ 10.21	$ (3.28)	$ (1.45)	$ (0.67)	$ (1.50)	$ (0.79)	$ (0.64)	$ (1.10)
Discontinued Operations
Net income (loss) available to Sphere Entertainment Co.’s stockholders (numerator):
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations	$ (1,264)	$ 1,492	$ (3,029)	$ (1,124)	$ (3,327)	$ 442	$ (2,642)	$ (2,212)	(3,925)	(7,739)	16,269
Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations	$ 335	$ 216	$ 56	$ 410	$ 2,589	$ 1,373	$ (106)	$ (365)	$ 1,017	$ 3,491	$ 2,099
Basic earnings (loss) per common share
Basic loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)	$ 5.09	$ 1.65	$ 2.74	$ 0.04	$ (1.50)	$ 0.28	$ 0.71	$ (1.23)
Diluted earnings (loss) per common share
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)	$ 5.03	$ 1.65	$ 2.73	$ 0.04	$ (1.50)	$ 0.28	$ 0.70	$ (1.23)

Investments in Nonconsolidate_3

Investments in Nonconsolidated Affiliates - Equity and Other Investments without Readily Determinable Fair Value (Details) € in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2023 USD ($)	Jan. 31, 2023 EUR (€)	Jun. 30, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Investments		$ 40,297,000		$ 394,519,000
Impairment charge		0	$ 0
SACO Technologies Inc. (“SACO”)
Schedule of Investments [Line Items]
Ownership Percentage						30%
Holoplot
Schedule of Investments [Line Items]
Ownership Percentage							25%
Equity Method Investments | SACO Technologies Inc. (“SACO”)
Schedule of Investments [Line Items]
Ownership Percentage				30%
Investments		31,448,000		$ 22,246,000
Equity Method Investments | Holoplot Loan
Schedule of Investments [Line Items]
Investments		0		$ 20,971,000
Face amount	$ 20,484,000				€ 18,804
Cash	7,625,000
Deposits	$ 12,859,000
Financing receivable, term	3 years
Equity Method Investments | Holoplot
Schedule of Investments [Line Items]
Ownership Percentage				25%
Investments		2,096,000		$ 1,542,000
Equity Method Investments | MSG Entertainment
Schedule of Investments [Line Items]
Ownership Percentage				20%
Investments		0		$ 341,039,000
Equity investments without readily determinable fair values
Schedule of Investments [Line Items]
Investments		$ 6,753,000		$ 8,721,000

Investments in Nonconsolidate_4

Investments in Nonconsolidated Affiliates - Narrative (Details) $ / shares in Units, € in Thousands, $ in Thousands			1 Months Ended	12 Months Ended
	Jun. 27, 2023 $ / shares shares	Jun. 21, 2023 $ / shares shares	Oct. 31, 2018 USD ($)	Jun. 30, 2023 USD ($) shares	Jun. 30, 2019 USD ($)	Aug. 18, 2023 shares	Aug. 09, 2023	Jan. 31, 2023 USD ($)	Jan. 31, 2023 EUR (€)	Jun. 30, 2022 shares	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Consideration paid for acquiree				$ 5,949
Common Class A
Schedule of Equity Method Investments [Line Items]
Common stock, shares outstanding (in shares) | shares				27,812,000						27,368,000
Common Class A | Subsequent Event | MSG Entertainment
Schedule of Equity Method Investments [Line Items]
Noncontrolling interest, ownership percentage by parent							17%
SACO
Schedule of Equity Method Investments [Line Items]
Interest acquired (as a percent)					30%
Holoplot
Schedule of Equity Method Investments [Line Items]
Interest acquired (as a percent)											25%
MSG Entertainment | The Offering
Schedule of Equity Method Investments [Line Items]
Sale of stock, price per share (in dollars per share) | $ / shares	$ 31
Sale of stock, share price, net of discounts (in dollars per share) | $ / shares	$ 29.76
MSG Entertainment | Stock Purchase Agreement
Schedule of Equity Method Investments [Line Items]
Sale of stock, share price, net of discounts (in dollars per share) | $ / shares		$ 29.76
MSG Entertainment | Common Class A | Subsequent Event
Schedule of Equity Method Investments [Line Items]
Common stock, shares outstanding (in shares) | shares						49,128
MSG Entertainment | Common Class A | The Offering
Schedule of Equity Method Investments [Line Items]
Sale of stock, number of shares issued in transaction (in shares) | shares	6,038,000
MSG Entertainment | Common Class A | Stock Purchase Agreement
Schedule of Equity Method Investments [Line Items]
Sale of stock, number of shares issued in transaction (in shares) | shares		840,000
Equity Method Investments | SACO
Schedule of Equity Method Investments [Line Items]
Interest acquired (as a percent)				30%
Purchase price for interest acquired					$ 47,244
Consideration paid for acquiree			$ 4,800		42,444
Equity Method Investments | Holoplot
Schedule of Equity Method Investments [Line Items]
Interest acquired (as a percent)				25%
Equity Method Investments | Holoplot Loan
Schedule of Equity Method Investments [Line Items]
Face amount								$ 20,484	€ 18,804
Cash								7,625
Deposits								$ 12,859
Equity method investment, financing term								3 years	3 years
Equity Method Investments | MSG Entertainment
Schedule of Equity Method Investments [Line Items]
Interest acquired (as a percent)				20%
Amortizable Intangible Assets | SACO
Schedule of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity in underlying assets					$ 25,350
Minimum | Amortizable Intangible Assets | SACO
Schedule of Equity Method Investments [Line Items]
Amortization period					6 years
Maximum | Amortizable Intangible Assets | SACO
Schedule of Equity Method Investments [Line Items]
Amortization period					12 years

Investments in Nonconsolidate_5

Investments in Nonconsolidated Affiliates - Schedule of Readily Determinable Fair Value (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Schedule of Equity Method Investments [Line Items]
Unrealized gain	$ 1,969	$ 0	$ 1,252
Total realized and unrealized gain	548,690	(54,869)	44,320
MSG Entertainment
Schedule of Equity Method Investments [Line Items]
Unrealized gain	341,039
Gain from shares sold	204,676
Total realized and unrealized gain	$ 545,715	$ 0	$ 0
Supplemental information on realized gain:
Shares of common stock sold (in shares)	6,878
Cash proceeds from common stock sold	$ 204,676

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,394,989	$ 2,221,064
Less accumulated depreciation and amortization	(87,828)	(63,487)
Total property and equipment, net	3,307,161	2,157,577
Capitalized interest	116,044	48,507	$ 34,890
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	80,878	77,471
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	69,049	1,380
Equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	159,786	102,745
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	18,491	18,490
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,066,785	2,020,978
Capitalized interest	$ 70,349	$ 48,507	$ 0

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense on property and equipment	$ 27,601	$ 16,794	$ 13,146
Construction in progress
Property, Plant and Equipment [Line Items]
Capital expenditures reflected in payables	$ 236,593	$ 204,894

Leases - Schedule of Lease Asse

Leases - Schedule of Lease Assets and Liabilities Recognized (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Right-of-use lease assets	Right-of-use lease assets
Right-of-use lease assets	$ 84,912	$ 66,151
Lease liabilities:
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Operating lease liabilities, current	Operating lease liabilities, current
Operating lease liabilities, current	$ 10,127	$ 6,553
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Operating lease liabilities, non-current	Operating lease liabilities, non-current
Operating lease liabilities, non-current	$ 110,259	$ 84,420
Total lease liabilities	$ 120,386	$ 90,973

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs Incurred In The Period (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Lessee, Lease, Description [Line Items]
Total lease cost	$ 17,602	$ 18,284	$ 21,576
Direct operating expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	1,676	1,287	4,468
Variable lease cost	0	0	1,121
Selling, general and administrative expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	15,925	16,977	15,969
Variable lease cost	$ 1	$ 20	$ 18

Leases - Narrative (Details)

Leases - Narrative (Details)	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Lessee, Lease, Description [Line Items]
After-tax cash flow to be received (as a percent)	0.25
Lessee, ground lease, funding	$ 75,000,000
Lessee, ground lease, construction costs paid	$ 65,000,000
Ground lease, term of contract	50 years
Proceeds from tenant incentives	$ 0	$ 17,697,000	$ 0
Revenues from subleases	2,610,000	1,900,000
Operating Segments | Sphere
Lessee, Lease, Description [Line Items]
Revenues from subleases	$ 2,610,000	$ 1,900,000	$ 0
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	4 months 24 days
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, term of contract	18 years 7 months 6 days

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Lease Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 12,332	$ 14,400	$ 16,603
Lease assets obtained in exchange for new lease obligations	$ 6,435	$ 43,834	$ 19,182

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Fiscal year ending June 30, 2024	$ 10,489
Fiscal year ending June 30, 2025	17,174
Fiscal year ending June 30, 2026	14,657
Fiscal year ending June 30, 2027	11,382
Fiscal year ending June 30, 2028	11,570
Thereafter	119,439
Total lease payments	184,711
Less imputed interest	64,325
Total lease liabilities	$ 120,386	$ 90,973
Weighted average remaining lease term (in years)	12 years 1 month 6 days	2 years 2 months 12 days
Weighted average discount rate	5.38%	0.78%

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 456,807	$ 456,807
Activity	0	0
Goodwill, ending balance	456,807	456,807
Sphere
Goodwill [Roll Forward]
Goodwill, beginning balance	32,299	32,299
Activity	0	0
Goodwill, ending balance	32,299	32,299
MSG Networks
Goodwill [Roll Forward]
Goodwill, beginning balance	424,508	424,508
Activity	0	0
Goodwill, ending balance	$ 424,508	$ 424,508

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Line Items]
Goodwill	$ 456,807	$ 456,807	$ 456,807
Amortization of favorable lease assets	3,115	5,768	3,460
Sphere
Goodwill [Line Items]
Goodwill	$ 32,299	$ 32,299	$ 32,299

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets Subject To Amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Gross carrying amount	$ 83,044	$ 83,044
Accumulated amortization	(65,134)	(62,019)
Intangible assets, net	$ 17,910	$ 21,025

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 3,115
2025	3,115
2026	3,115
2027	3,115
2028	$ 3,115

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Commitments in the Normal Course of Business (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Other Commitments [Line Items]
Long-term Debt	$ 1,207,250
Contractual obligation, to be paid, June 30, 2024	275,891
Contractual obligation, to be paid, June 30, 2025	255,430
Contractual obligation, to be paid, June 30, 2026	254,780
Contractual obligation, to be paid, June 30, 2027	260,066
Contractual obligation, to be paid, June 30, 2028	269,134
Contractual obligation, to be paid, thereafter	1,819,583
Contractual obligation, total	3,134,884
Sphere
Other Commitments [Line Items]
Other commitments, to be paid, June 30, 2024	7,624
Other commitments, to be paid, June 30, 2025	0
Other commitments, to be paid, June 30, 2026	0
Other commitments, to be paid, June 30, 2027	0
Other commitments, to be paid, June 30, 2028	0
Other commitments, to be paid, thereafter	0
Other commitment, total	7,624
Sphere | Letter of Credit
Other Commitments [Line Items]
Long-term Debt	868
Letter of credit, to be paid, June 30, 2024	868
Letter of credit, to be paid, June 30, 2025	0
Letter of credit, to be paid, June 30, 2026	0
Letter of credit, to be paid, June 30, 2027	0
Letter of credit, to be paid, June 30, 2028	0
Letter of credit, to be paid, thereafter	0
Broadcast rights | MSG Networks
Other Commitments [Line Items]
Other commitments, to be paid, June 30, 2024	241,472
Other commitments, to be paid, June 30, 2025	241,059
Other commitments, to be paid, June 30, 2026	248,957
Other commitments, to be paid, June 30, 2027	256,214
Other commitments, to be paid, June 30, 2028	266,406
Other commitments, to be paid, thereafter	1,818,870
Other commitment, total	3,072,978
Purchase commitments | MSG Networks
Other Commitments [Line Items]
Purchase commitment, to be paid, June 30, 2024	13,713
Purchase commitment, to be paid, June 30, 2025	6,148
Purchase commitment, to be paid, June 30, 2026	3,279
Purchase commitment, to be paid, June 30, 2027	1,434
Purchase commitment, to be paid, June 30, 2028	258
Purchase commitment, to be paid, thereafter	0
Purchase commitment, total	24,832
Talent commitments | MSG Networks
Other Commitments [Line Items]
Other commitments, to be paid, June 30, 2024	5,701
Other commitments, to be paid, June 30, 2025	2,086
Other commitments, to be paid, June 30, 2026	512
Other commitments, to be paid, June 30, 2027	345
Other commitments, to be paid, June 30, 2028	354
Other commitments, to be paid, thereafter	359
Other commitment, total	9,357
Other | MSG Networks
Other Commitments [Line Items]
Other commitments, to be paid, June 30, 2024	6,513
Other commitments, to be paid, June 30, 2025	6,137
Other commitments, to be paid, June 30, 2026	2,032
Other commitments, to be paid, June 30, 2027	2,073
Other commitments, to be paid, June 30, 2028	2,116
Other commitments, to be paid, thereafter	354
Other commitment, total	$ 19,225

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) $ in Thousands					12 Months Ended
	Jun. 30, 2023 USD ($) complaint	Apr. 06, 2023 USD ($)	Mar. 14, 2023 USD ($)	Sep. 10, 2021 complaint	Jun. 30, 2023 complaint	Sep. 27, 2021 complaint
Long-term Purchase Commitment [Line Items]
Loss contingency, number of complaints filed					15
Loss contingency, remaining claims filed involving fiduciary breaches	2				2
Loss contingency, new claims filed, number				2
Loss contingency, number of consolidated claims						4
MSG Networks Inc. Merger
Long-term Purchase Commitment [Line Items]
Loss contingency, new claims filed with incomplete and misleading information, number					9
Loss contingency, new claims filed involving fiduciary breaches					6
MSGE Settlement Agreement | Settled Litigation
Long-term Purchase Commitment [Line Items]
Litigation settlement, amount awarded from other party | $			$ 85,000
MSGE Networks Term Sheet | Settled Litigation
Long-term Purchase Commitment [Line Items]
Litigation settlement, amount awarded to other party | $	$ 48,500
MSGE Networks Term Sheet | Settled Litigation | MSG Network Insurers
Long-term Purchase Commitment [Line Items]
Payments for legal settlements | $		$ 20,500

Credit Facilities - Summary of

Credit Facilities - Summary of Outstanding Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Debt Instrument [Line Items]
Current portion of long-term debt	$ 82,500	$ 66,000
Unamortized Deferred Financing Costs	(6,363)
Long-term Debt	1,207,250
MSG Networks Term Loan Facility
Debt Instrument [Line Items]
Long-term Debt	932,250
LV Sphere Term Loan Facility
Debt Instrument [Line Items]
Long-term Debt	275,000
Line of Credit | Secured Debt
Debt Instrument [Line Items]
Principal	1,124,750	932,250
Unamortized Deferred Financing Costs	(6,363)	(2,716)
Long-term Debt	1,118,387	929,534
Line of Credit | MSG Networks Term Loan Facility | Secured Debt
Debt Instrument [Line Items]
Current portion of long-term debt	82,500	66,000
Principal	849,750	932,250
Unamortized Deferred Financing Costs	(1,483)	(2,716)
Long-term Debt	848,267	929,534
Line of Credit | LV Sphere Term Loan Facility | Secured Debt
Debt Instrument [Line Items]
Principal	275,000	0
Unamortized Deferred Financing Costs	(4,880)	0
Long-term Debt	$ 270,120	$ 0

Credit Facilities - MSG Network

Credit Facilities - MSG Networks Credit Facilities - Narrative (Details) - USD ($)	Apr. 20, 2023	Oct. 11, 2019	Jun. 30, 2023
Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1%
MSG Networks Credit Facilities | Measurement Input, Default Rate | MSG Networks
Debt Instrument [Line Items]
Debt instrument, interest rate, increase (decrease)		2%
MSG Networks Credit Facilities | Measurement Input Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input			6
MSG Networks Credit Facilities | Revolving Credit Facility | MSG Networks
Debt Instrument [Line Items]
Long-term debt, term		5 years
Letters of credit outstanding, amount		$ 35,000,000
Principal			$ 0
MSG Networks Credit Facilities | Minimum | MSG Networks
Debt Instrument [Line Items]
Commitment fee percentage		0.225%
MSG Networks Credit Facilities | Minimum | Measurement Input, Interest Coverage Ratio | Incremental Adjustment
Debt Instrument [Line Items]
Debt instrument, measurement input			2
MSG Networks Credit Facilities | Maximum | MSG Networks
Debt Instrument [Line Items]
Commitment fee percentage		0.30%
MSG Networks Credit Facilities | Maximum | Measurement Input Leverage Ratio
Debt Instrument [Line Items]
Debt instrument, measurement input			5.50
MSG Networks Credit Facilities | Base Rate | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.25%
MSG Networks Credit Facilities | Base Rate | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.25%
MSG Networks Credit Facilities | Eurocurrency Rate | Minimum | MSG Networks
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.25%
MSG Networks Credit Facilities | Eurocurrency Rate | Maximum | MSG Networks
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.25%
Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 1,100,000,000
Secured Debt | MSG Networks
Debt Instrument [Line Items]
Percentage bearing variable interest, percentage rate			7.19%
Revolving Credit Facility | MSG Networks
Debt Instrument [Line Items]
Debt instrument, face amount		$ 250,000,000

Credit Facilities - LV Sphere T

Credit Facilities - LV Sphere Term Loan - Narrative (Details) $ in Thousands	Apr. 20, 2023	Dec. 22, 2022 USD ($)	Aug. 08, 2023 USD ($)	Aug. 07, 2023 USD ($)	Jun. 30, 2023	Oct. 11, 2019 USD ($)
Base Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1%
Secured Debt
Line of Credit Facility [Line Items]
Debt instrument, face amount						$ 1,100,000
Subsidiaries | LV Sphere
Line of Credit Facility [Line Items]
Debt instrument, interest rate, stated percentage					9.56%
Subsidiaries | LV Sphere | Subsequent Event
Line of Credit Facility [Line Items]
Debt instrument, covenant, held in cash			$ 25,000
Subsidiaries | LV Sphere | Minimum Liquidity Step-Down | Subsequent Event
Line of Credit Facility [Line Items]
Debt instrument, covenant, held in cash				$ 75,000
Subsidiaries | LV Sphere | Minimum | Subsequent Event
Line of Credit Facility [Line Items]
Debt instrument, covenant, minimum consolidated liquidity			$ 50,000
Subsidiaries | LV Sphere | Minimum | Minimum Liquidity Step-Down | Subsequent Event
Line of Credit Facility [Line Items]
Debt instrument, covenant, minimum consolidated liquidity				$ 100,000
Subsidiaries | LV Sphere | Measurement Input, Prospective Debt Service Coverage Ratio
Line of Credit Facility [Line Items]
Debt instrument, measurement input		1.35
Subsidiaries | LV Sphere | Measurement Input, Prospective Debt Service Coverage Ratio | Minimum
Line of Credit Facility [Line Items]
Debt instrument, contingent measurement input		1.50
Subsidiaries | LV Sphere | Measurement Input, Historical Debt Service Coverage Ratio
Line of Credit Facility [Line Items]
Debt instrument, measurement input		1.35
Subsidiaries | LV Sphere | Measurement Input, Historical Debt Service Coverage Ratio | Minimum
Line of Credit Facility [Line Items]
Debt instrument, contingent measurement input		1.50
Subsidiaries | LV Sphere | Base Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		3.375%
Subsidiaries | LV Sphere | Eurocurrency Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.10%
Debt instrument, interest rate, increase (decrease)		4.375%
Subsidiaries | LV Sphere | Secured Debt
Line of Credit Facility [Line Items]
Debt instrument, term		5 years
Debt instrument, face amount		$ 275,000

Credit Facilities - Delayed Dra

Credit Facilities - Delayed Draw Term Loan Facility - Narrative (Details) $ in Thousands	Jul. 14, 2023 USD ($)	Apr. 20, 2023 USD ($) borrowing	Oct. 11, 2019 USD ($)
MSG Entertainment Holdings
Line of Credit Facility [Line Items]
Debt instrument, number of borrowings | borrowing		6
Debt instrument, borrowing installment, amount		$ 5,000
Debt instrument, threshold trading days		20 days
Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		0.10%
Base Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1%
Secured Debt
Line of Credit Facility [Line Items]
Debt instrument, face amount			$ 1,100,000
DDTL Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Debt instrument, term		18 months
DDTL Facility | Unsecured Debt | Subsequent Event
Line of Credit Facility [Line Items]
Debt instrument, face amount	$ 65,000
DDTL Facility | Line of Credit | Secured Debt | Subsequent Event
Line of Credit Facility [Line Items]
Proceeds from Long-Term Lines of Credit	$ 65
DDTL Facility | Line of Credit | Sphere | Secured Debt | MSG Entertainment Holdings
Line of Credit Facility [Line Items]
Loans Receivable, Maximum Borrowing Amount		$ 65

Credit Facilities - Schedule of

Credit Facilities - Schedule of Long Term Debt Maturities (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
Long-term Debt	$ 1,207,250
Loans Payable
Debt Instrument [Line Items]
Fiscal year ending June 30, 2024	82,500
Fiscal year ending June 30, 2025	849,750
Fiscal year ending June 30, 2026	0
Fiscal year ending June 30, 2027	0
Fiscal year ending June 30, 2028	275,000
Thereafter	0
MSG Networks Term Loan Facility
Debt Instrument [Line Items]
Long-term Debt	932,250
MSG Networks Term Loan Facility | Loans Payable
Debt Instrument [Line Items]
Fiscal year ending June 30, 2024	82,500
Fiscal year ending June 30, 2025	849,750
Fiscal year ending June 30, 2026	0
Fiscal year ending June 30, 2027	0
Fiscal year ending June 30, 2028	0
Thereafter	0
LV Sphere Term Loan Facility
Debt Instrument [Line Items]
Long-term Debt	275,000
LV Sphere Term Loan Facility | Loans Payable
Debt Instrument [Line Items]
Fiscal year ending June 30, 2024	0
Fiscal year ending June 30, 2025	0
Fiscal year ending June 30, 2026	0
Fiscal year ending June 30, 2027	0
Fiscal year ending June 30, 2028	275,000
Thereafter	$ 0

Credit Facilities - Summary o_2

Credit Facilities - Summary of Interest, Carrying Value and Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Total long-term debt, carrying value	$ 1,207,250	$ 998,250
Total long-term debt, fair value	1,199,839	958,320
Unamortized Deferred Financing Costs	(6,363)
MSG Networks Term Loan Facility | Debt
Debt Instrument [Line Items]
Carrying Value	932,250	998,250
Fair Value	927,589	958,320
MSG Networks Term Loan Facility | MSG Networks
Debt Instrument [Line Items]
Debt instrument, periodic payment, interest	58,311	19,173	$ 18,559
Repayments of debt	66,000	49,500	38,500
LV Sphere | Debt
Debt Instrument [Line Items]
Carrying Value	275,000	0
Fair Value	272,250	0
LV Sphere | LV Sphere
Debt Instrument [Line Items]
Debt instrument, periodic payment, interest	12,825	0	0
Repayments of debt	0	0	0
MSG Networks and LV Sphere
Debt Instrument [Line Items]
Debt instrument, periodic payment, interest	71,136	19,173	18,559
Repayments of debt	$ 66,000	$ 49,500	$ 38,500

Pension Plans and Other Postr_3

Pension Plans and Other Postretirement Benefit Plans - Narrative (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Apr. 20, 2023 plan
Defined Benefit Plan Disclosure [Line Items]
Number of plans | plan				2
Funded percentage	5%
Defined benefit plan, amortization of gain (loss)	$ 83
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (expense), net
Selling, general and administrative expenses
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, net periodic benefit cost (credit)	$ 83
Red Zone
Defined Benefit Plan Disclosure [Line Items]
Funded percentage	65%
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, accumulated benefit obligation	$ 37,842	$ 39,355
Employer contributions	500	0
Defined benefit plan, net periodic benefit cost (credit)	1,493	1,146	$ 1,197
Defined benefit plan, amortization of gain (loss)	(358)	(585)	(506)
Other Pension Plan - Union Plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	500
Multiemployer Defined Contribution Plan
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, pension, significant, employer contribution, cost	142	152	106
Multiemployer Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, pension, significant, employer contribution, cost	677	389	299
Savings Plans | Employee | MSG Networks
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, cost	7,421	$ 5,778	$ 3,369
Networks 1212 Plan | Other Pension Plan - Union Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, expected future employer contributions, next fiscal year	$ 500

Pension Plans and Other Postr_4

Pension Plans and Other Postretirement Benefit Plans - Schedule of Changes in Benefit Obligations and Plan Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Change in plan assets:
Fair value of plan assets at beginning of period	$ 18,756
Fair value of plan assets at end of period	17,976	$ 18,756
Pension Plans
Change in benefit obligation:
Benefit obligation at beginning of period	39,683	49,110
Service cost	245	371	$ 404
Interest cost	1,755	1,048	1,027
Actuarial loss (gain)	(1,485)	(8,771)
Benefits paid	(2,153)	(2,075)
Acquisitions	141	0
Plan settlements paid	(50)
Benefit obligation at end of period	38,136	39,683	49,110
Change in plan assets:
Fair value of plan assets at beginning of period	18,756	24,231
Actual return on plan assets	(312)	(4,592)
Employer contributions	500	0
Benefits paid	(968)	(883)
Fair value of plan assets at end of period	17,976	18,756	24,231
Funded status at end of period	(20,160)	(20,927)
Postretirement Plan
Change in benefit obligation:
Benefit obligation at beginning of period	1,598	1,795
Service cost	20	27	34
Interest cost	68	31	33
Actuarial loss (gain)	292	(244)
Benefits paid	(179)	(11)
Acquisitions	0	0
Plan settlements paid	0	0
Benefit obligation at end of period	1,799	1,598	1,795
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
Fair value of plan assets at end of period	0	0	$ 0
Funded status at end of period	$ (1,799)	$ (1,598)

Pension Plans and Other Postr_5

Pension Plans and Other Postretirement Benefit Plans - Schedule of Amounts Recognized in Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Current liabilities (included in Accounts payable, accrued, and other current liabilities)	$ (1,355)	$ (1,270)
Non-current liabilities (included in Other non-current liabilities)	(18,805)	(19,657)
Defined benefit plan, amounts for asset (liability) recognized in statement of financial position	(20,160)	(20,927)
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Current liabilities (included in Accounts payable, accrued, and other current liabilities)	(157)	(133)
Non-current liabilities (included in Other non-current liabilities)	(1,642)	(1,465)
Defined benefit plan, amounts for asset (liability) recognized in statement of financial position	$ (1,799)	$ (1,598)

Pension Plans and Other Postr_6

Pension Plans and Other Postretirement Benefit Plans - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Pension Plans
Defined Contribution Plan Disclosure [Line Items]
Actuarial gain (loss)	$ (7,249)	$ (7,883)
Postretirement Plan
Defined Contribution Plan Disclosure [Line Items]
Actuarial gain (loss)	$ 203	$ 563

Pension Plans and Other Postr_7

Pension Plans and Other Postretirement Benefit Plans - Schedule of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Recognized actuarial loss (gain)	$ (83)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	245	$ 371	$ 404
Interest cost	1,755	1,048	1,027
Expected return on plan assets	(853)	(858)	(740)
Recognized actuarial loss (gain)	358	585	506
Settlement loss recognized	(12)	0	0
Net periodic benefit cost	1,493	1,146	1,197
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	20	27	34
Interest cost	68	31	33
Expected return on plan assets	0	0	0
Recognized actuarial loss (gain)	(69)	(27)	0
Settlement loss recognized	0	0	0
Net periodic benefit cost	$ 19	$ 31	$ 67

Pension Plans and Other Postr_8

Pension Plans and Other Postretirement Benefit Plans - Schedule of Amounts Recognized in Other Comprehensive Income (Loss) (Details) - Other Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Actuarial gain (loss), net	$ 288	$ 3,318	$ (709)
Recognized actuarial loss (gain)	358	585	506
Settlement loss	(12)	0	0
Total recognized in other comprehensive income (loss)	634	3,903	(203)
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Actuarial gain (loss), net	(292)	243	305
Recognized actuarial loss (gain)	(69)	(27)	0
Settlement loss	0	0	0
Total recognized in other comprehensive income (loss)	$ (361)	$ 216	$ 305

Pension Plans and Other Postr_9

Pension Plans and Other Postretirement Benefit Plans - Schedule of Assumptions Used (Details)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pension Plans
Discount rate used to determine benefit obligations
Discount rate	5.34%	4.82%
Rate of compensation increase	3%	3%
Interest crediting rate	3.77%	2.76%
Discount rate used to determine net periodic benefit cost
Discount rate - projected benefit obligation	4.81%	1.36%	2.69%
Discount rate - service cost	5.06%	3.13%	3.05%
Discount rate - interest cost	4.55%	2.18%	2.10%
Expected long-term return on plan assets	5%	3.96%	3.31%
Rate of compensation increase	3%	3%	3%
Interest crediting rate	3.77%	2.76%	1.37%
Postretirement Plan
Discount rate used to determine benefit obligations
Discount rate	5.41%	4.66%
Healthcare cost trend rate assumed for next year	7%	6%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5%	5%	5%
Discount rate used to determine net periodic benefit cost
Discount rate - projected benefit obligation	4.66%	2.25%	2.16%
Discount rate - service cost	4.89%	2.62%	2.46%
Discount rate - interest cost	4.38%	1.75%	1.73%
Healthcare cost trend rate assumed for next year	6%	6.25%	6.50%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5%	5%	5%

Pension Plans and Other Post_10

Pension Plans and Other Postretirement Benefit Plans - Schedule of Allocation of Plan Assets (Details)	Jun. 30, 2023	Jun. 30, 2022
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	75%	99%
Defined benefit plan, plan assets, target allocation, percentage	100%
Cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, actual allocation, percentage	25%	1%

Pension Plans and Other Post_11

Pension Plans and Other Postretirement Benefit Plans - Investment at Estimated Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	$ 17,976	$ 18,756
Money market funds | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	4,533	218
Common collective trust | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	$ 13,443	$ 18,538

Pension Plans and Other Post_12

Pension Plans and Other Postretirement Benefit Plans - Schedule of Expected Benefit Payments (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Fiscal year ending June 30, 2024	$ 2,605
Fiscal year ending June 30, 2025	2,734
Fiscal year ending June 30, 2026	2,943
Fiscal year ending June 30, 2027	3,018
Fiscal year ending June 30, 2028	2,970
Fiscal years ending June 30, 2029 – 2033	15,140
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Fiscal year ending June 30, 2024	162
Fiscal year ending June 30, 2025	196
Fiscal year ending June 30, 2026	190
Fiscal year ending June 30, 2027	203
Fiscal year ending June 30, 2028	197
Fiscal years ending June 30, 2029 – 2033	$ 965

Pension Plans and Other Post_13

Pension Plans and Other Postretirement Benefit Plans - Schedule of Deferred Compensation Plan Recognized On Balance Sheet (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Retirement Benefits [Abstract]
Non-current assets (included in Other non-current assets)	$ 1,087
Non-current liabilities (included in Other non-current liabilities)	$ (1,087)

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) $ in Thousands			2 Months Ended	12 Months Ended
	Apr. 20, 2023 option shares	Apr. 17, 2020 plan	Jun. 30, 2023 USD ($) d shares	Jun. 30, 2023 USD ($) plan shares	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans | plan		2		3
Share-based payment award, vesting period				3 years
Number Of Equity Award Options | option	2
Share-based compensation arrangement, threshold trading days | d			10
Payment, tax withholding | $				$ 16,625	$ 16,658	$ 8,208
Common Class A | MSG Entertainment | Spinoff | 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
Common Class A | Sphere | 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
Employee Stock Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, expiration period				10 years
Awards granted (in shares)			4,500,000	4,500,000
Share-based compensation arrangement by share-based payment award, expiration period, increase				1 year
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, expiration period				7 years 6 months
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, expiration period				10 years
Performance Stock Units and Performance Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments vested in period, fair value | $				$ 42,467
Shares withheld for tax withholding obligation (in shares)				354,000
Payment, tax withholding | $				$ 17,477
Performance Stock Units and Performance Restricted Stock Units | MSG 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 Performance Restricted Stock Units | Sphere | 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 Performance Restricted Stock Units | MSG Sports Corp
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares withheld for tax withholding obligation (in shares)				6,000
Payment, tax withholding | $				$ 305
Performance Stock Units and Performance Restricted Stock Units | Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost not yet recognized | $			$ 32,195	$ 32,195
Performance Stock Units and Performance Restricted Stock Units | Employee | The Madison Square Garden Company
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost not yet recognized, period for recognition				2 years
Employee Stock | Non-Employee Director Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, expiration period				10 years
Awards granted (in shares)			250,000	250,000
Employee Stock | MSG Networks Employee Stock Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, expiration period				10 years
Awards granted (in shares)			12,500,000	12,500,000
Restricted Stock | Sphere | Spinoff | 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

Share-based Compensation - Sche

Share-based Compensation - Schedule of Share-Based Compensation Expense (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation capitalized in property and equipment, net	$ 3,642,000	$ 2,979,000	$ 5,467,000
Performance Stock Units and Performance Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	42,607,000	56,760,000	59,786,000
Share-based compensation capitalized in property and equipment, net	3,642,000	2,979,000	5,476,000
Severance costs	$ 8,118,000	$ 4,254,000	$ 0

Share-based Compensation - Sc_2

Share-based Compensation - Schedule of Share-based Compensation, Restricted Stock Units Award Activities (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Weighted-Average Grant-date Fair Value
Unvested award balance as of June 30, 2022 (in usd per share)	$ 75.70
Granted (in usd per share)	50.81
Vested (in usd per share)	72.32
Forfeited (in usd per share)	63.82
Unvested award balance as of June 30, 2023 (in usd per share)	$ 63.74	$ 75.70
Payment, tax withholding	$ 16,625	$ 16,658	$ 8,208
RSUs
Unvested Share Units Awards [Roll Forward]
Unvested award balance as of June 30, 2022 (in shares)	1,072
Granted (in shares)	833
Vested (in shares)	(696)
Forfeited (in shares)	(69)
Unvested award balance as of June 30, 2023 (in shares)	1,140	1,072
PSUs
Unvested Share Units Awards [Roll Forward]
Unvested award balance as of June 30, 2022 (in shares)	845
Granted (in shares)	593
Vested (in shares)	(170)
Forfeited (in shares)	(89)
Unvested award balance as of June 30, 2023 (in shares)	1,179	845
Performance Stock Units and Performance Restricted Stock Units
Weighted-Average Grant-date Fair Value
Granted (in usd per share)	$ 50.81	$ 79.34	$ 69.66
Equity instruments vested in period, fair value	$ 42,467
Shares withheld for tax withholding obligation (in shares)	354
Payment, tax withholding	$ 17,477
Performance Stock Units and Performance Restricted Stock Units | MSG Sports Corp
Weighted-Average Grant-date Fair Value
Shares withheld for tax withholding obligation (in shares)	6
Payment, tax withholding	$ 305

Share-based Compensation - Addi

Share-based Compensation - Additional Information RSU's (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value per share of awards granted (in dollars per share)	$ 50.81
MSG Networks | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pending business combination equity interest issued or issuable share conversion ratio (in shares)	0.172
Performance Stock Units and Performance Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value per share of awards granted (in dollars per share)	$ 50.81	$ 79.34	$ 69.66
Fair value of awards vested	$ 42,467	$ 39,530	$ 27,077

Share-based Compensation - Sc_3

Share-based Compensation - Schedule of Time Vesting Options (Details) - Time Vesting Option $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Number of Time Vesting Options
Balance as of June 30, 2022 (in shares) | shares	724
Granted (in shares) | shares	0
Balance as of June 30, 2023 (in shares) | shares	724
Exercisable as of June 30, 2023 (in shares) | shares	724
Weighted-Average Exercise Price Per Share
Balance as of June 30, 2022 (in usd per share) | $ / shares	$ 103.88
Granted (in usd per share) | $ / shares	0
Balance as of June 30, 2023 (in usd per share) | $ / shares	48.03
Exercisable as of June 30, 2023 (in usd per share) | $ / shares	$ 48.03
Stock Option Additional Disclosures
Weighted average remaining contractual term	2 years 5 months 19 days
Exercisable weighted average remaining contractual term	2 years 5 months 19 days
Aggregate intrinsic value as of June 30, 2023 | $	$ 0
Exercisable intrinsic value as of June 30, 2023 | $	$ 0

Equity - Additional Information

Equity - Additional Information (Details) $ in Thousands	Mar. 31, 2020 USD ($)
Common Class A
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount	$ 350,000

Equity - Schedule of Accumulate

Equity - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,975,384	$ 2,180,406	$ 2,299,504
Other comprehensive income (loss), net of income taxes	6,876	(18,083)	20,201
Ending balance	2,583,865	1,975,384	2,180,406
Pension Plans and Postretirement Plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(40,287)	(45,425)	(40,248)
Other comprehensive income before reclassifications	0	0	(404)
Adjustment to reclassify accumulated other comprehensive loss associated with investment in Townsquare, pre-tax	1,755	2,734	(2,445)
Income tax expense	323	(2,404)	2,328
Other comprehensive income (loss), net of income taxes	1,432	5,138	(5,177)
Disposition of Tao Group Hospitality	0
Distribution of MSG Entertainment	33,717
Ending balance	(5,138)	(40,287)	(45,425)
Cumulative Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(8,068)	15,153	(10,225)
Other comprehensive income before reclassifications	6,656	(25,034)	27,688
Adjustment to reclassify accumulated other comprehensive loss associated with investment in Townsquare, pre-tax	0	0	0
Income tax expense	1,212	(1,813)	2,310
Other comprehensive income (loss), net of income taxes	5,444	(23,221)	25,378
Disposition of Tao Group Hospitality	2,824
Distribution of MSG Entertainment	0
Ending balance	200	(8,068)	15,153
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(48,355)	(30,272)	(50,473)
Other comprehensive income before reclassifications	6,656	(25,034)	27,284
Adjustment to reclassify accumulated other comprehensive loss associated with investment in Townsquare, pre-tax	1,755	2,734	(2,445)
Income tax expense	1,535	(4,217)	4,638
Other comprehensive income (loss), net of income taxes	6,876	(18,083)	20,201
Disposition of Tao Group Hospitality	2,824
Distribution of MSG Entertainment	33,717
Ending balance	$ (4,938)	$ (48,355)	$ (30,272)

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Tax Credit Carryforward [Line Items]
Deferred income tax expense (benefit)	$ 123,467	$ (31,270)	$ (71,357)
Income tax expense (benefit)	103,403	(29,830)	38,907
Continuing Operations
Tax Credit Carryforward [Line Items]
Federal	(1,389)	(1,555)	(19,310)
State and other	4,672	(9,927)	(10,378)
Current income tax expense	3,283	(11,482)	(29,688)
Federal	59,253	(17,665)	35,564
State and other	40,867	(683)	33,031
Deferred income tax expense (benefit)	100,120	(18,348)	68,595
Income tax expense (benefit)	$ 103,403	$ (29,830)	$ 38,907

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Federal tax expense (benefit) at statutory federal rate	$ 57,840	$ (35,213)	$ 9,142
State income taxes, net of federal benefit	35,656	(3,970)	9,222
Change in the estimated applicable tax rate used to determine deferred taxes	1,286	(1,732)	5,332
Change in valuation allowance	(2,053)	(2,200)	4,863
Nondeductible officers’ compensation	4,814	12,759	9,646
Nondeductible expenses	291	172	139
Excess tax benefit related to share-based payment awards	4,678	320	962
Other	891	34	(399)
Income tax expense (benefit)	$ 103,403	$ (29,830)	$ 38,907

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Deferred tax asset:
Net operating loss (“NOL”) carryforwards	$ 26,684	$ 172,595
Tax credit carryforwards	0	2,682
Accrued employee benefits	27,349	14,335
Restricted stock units and stock options	9,231	11,931
Right-of-use lease assets and lease liabilities, net	11,040	7,250
Investments	0	26,946
Accrued litigation	14,991	0
Other	3,694	2,251
Total deferred tax assets	92,989	237,990
Less valuation allowance	(30)	(2,923)
Net deferred tax assets	92,959	235,067
Deferred tax liabilities:
Intangible and other assets	(264,800)	(264,605)
Property and equipment	(105,405)	(109,556)
Prepaid expenses	(5,870)	(2,091)
Deferred interest	(12,474)	(3,206)
Other investments	(83,962)	0
Total deferred tax liabilities	(472,511)	(379,458)
Deferred tax liabilities, net	$ (379,552)	$ (144,391)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Operating loss carryforwards	$ 119,000
Income taxes paid, net	$ 7,288	$ (1,014)	$ 101,972

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Apr. 20, 2023
Related Party Transaction [Line Items]
Capital expenditures incurred but not yet paid	$ 248,041	$ 206,462	$ 110,428
Dolan Family Group
Related Party Transaction [Line Items]
Common stock exercisable, term	60 days
Related Party
Related Party Transaction [Line Items]
Capital expenditures	$ 93,823	121,115	66,525
Capital expenditures incurred but not yet paid	$ 13,412	$ 25,028	$ 6,921
Related Party | MSG Entertainment | DDTL Facility
Related Party Transaction [Line Items]
Debt instrument, face amount				$ 65
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	72.30%
Class A Common Stock | Dolan Family Group
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent	5.50%
Common Class B | Dolan Family Group
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent	100%

Related Party Transactions - Sc

Related Party Transactions - Schedule of Transactions by Type (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction [Line Items]
Revenues	$ 129,099	$ 162,062	$ 159,541	$ 123,129	$ 139,749	$ 168,080	$ 160,753	$ 141,473	$ 573,831	$ 610,055	$ 647,510
Operating expenses (credits):
Operating (loss) income	$ (70,345)	$ (101,907)	$ (49,735)	$ (51,055)	$ (61,849)	$ (22,188)	$ (29,276)	$ (52,424)
Related Party
Related Party Transaction [Line Items]
Revenues									2,079	1,220	0
Operating expenses (credits):
Operating (loss) income									175,482	130,709	115,127
Direct operating costs									206,804	167,928	150,226
Selling, general and administrative expense									(31,322)	(37,219)	(35,099)
Media rights fees | Related Party
Operating expenses (credits):
Operating income (expense)									172,581	163,131	143,464
Cost reimbursement from MSG Sports - MSG Sports Services Agreement | MSG Sports
Operating expenses (credits):
Operating income (expense)									(29,836)	(38,254)	(36,502)
Corporate general and administrative expenses, net - MSGE TSA | MSG Networks
Operating expenses (credits):
Operating income (expense)									27,494	0	0
Origination, master control and technical services | Related Party
Operating expenses (credits):
Operating income (expense)									4,982	4,880	4,784
Other operating expenses, net | Related Party
Operating expenses (credits):
Operating income (expense)									$ 261	$ 952	$ 3,381

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) segment employee	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of segments | segment	2
MSG Networks
Segment Reporting Information [Line Items]
Selling, general and administrative expense | $	$ 8,800	$ 20,900	$ 13,700
Number of Employees, Total | Unionized Employees Concentration Risk
Segment Reporting Information [Line Items]
Full-time and part-time, number of employees | employee	1,100
Concentration risk, percentage	29%
Workforce Subject to Collective Bargaining Arrangements | Unionized Employees Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	10%
Workforce Subject to Collective Bargaining Arrangements Expiring within One Year | Unionized Employees Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk, percentage	67%

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues		$ 129,099	$ 162,062	$ 159,541	$ 123,129	$ 139,749	$ 168,080	$ 160,753	$ 141,473	$ 573,831	$ 610,055	$ 647,510
Depreciation and amortization										(103,375)	(124,629)	(121,999)
Restructuring charges										(27,924)	13,404
Operating income (loss)		(70,345)	(101,907)	(49,735)	(51,055)	(61,849)	(22,188)	(29,276)	(52,424)
Other income (expense), net										536,887	(5,518)	(3,935)
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)		$ (70,345)	$ (101,907)	$ (49,735)	$ (51,055)	$ (61,849)	$ (22,188)	$ (29,276)	$ (52,424)
Share-based compensation expense										62,658	77,141	70,584
Depreciation and amortization										103,375	124,629	121,999
Restructuring charges										27,924	(13,404)
Continuing Operations
Segment Reporting Information [Line Items]
Revenues	[1]									573,831	610,055	647,510
Direct operating expenses	[1]									(342,211)	(320,278)	(262,859)
Selling, general and administrative expenses	[1]									(452,142)	(419,793)	(295,472)
Depreciation and amortization										(30,716)	(22,562)	(16,606)
Impairment and other gains, net										6,120	245	0
Restructuring charges										(27,924)	(13,404)	(8,061)
Operating income (loss)										(273,042)	(165,737)	64,512
Interest income										11,585	3,575	3,172
Interest expense										0	0	(20,219)
Other income (expense), net										536,887	(5,518)	(3,935)
Income (loss) from operations before income taxes										275,430	(167,680)	43,530
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)										(273,042)	(165,737)	64,512
Share-based compensation expense										42,607	56,760	59,786
Depreciation and amortization										30,716	22,562	16,606
Restructuring charges										27,924	13,404	8,061
Impairment and other gains, net										(6,120)	(245)	0
Merger and acquisition related costs										55,047	48,517	20,582
Amortization for capitalized cloud computing costs										161	271
Remeasurement of deferred compensation plan liabilities										187
Adjusted operating (loss) income										(122,520)	(24,468)	169,547
Other Information:
Capital expenditures										1,034,885	720,766	441,461
Sphere | Operating Segments
Segment Reporting Information [Line Items]
Revenues										2,610	1,900	0
Sphere | Continuing Operations | Operating Segments
Segment Reporting Information [Line Items]
Revenues										2,610	1,900	0
Direct operating expenses										(5,545)	0	0
Selling, general and administrative expenses										(325,660)	(293,664)	(193,831)
Depreciation and amortization										(24,048)	(13,168)	(9,271)
Impairment and other gains, net										6,229	245
Restructuring charges										(23,136)	(12,952)	(8,061)
Operating income (loss)										(369,550)	(317,639)	(211,163)
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)										(369,550)	(317,639)	(211,163)
Share-based compensation expense										36,188	39,668	42,119
Depreciation and amortization										24,048	13,168	9,271
Restructuring charges										23,136	12,952	8,061
Impairment and other gains, net										(6,229)	(245)
Merger and acquisition related costs										(189)	20,834	16,080
Amortization for capitalized cloud computing costs										0	95
Remeasurement of deferred compensation plan liabilities										187
Adjusted operating (loss) income										(292,409)	(231,167)	(135,632)
Other Information:
Capital expenditures										1,025,700	717,093	438,647
MSG Networks
Segment Reporting Information [Line Items]
Selling, general and administrative expenses										(8,800)	(20,900)	(13,700)
MSG Networks | Operating Segments
Segment Reporting Information [Line Items]
Revenues										571,221	608,155	647,510
MSG Networks | Continuing Operations | Operating Segments
Segment Reporting Information [Line Items]
Revenues										571,221	608,155	647,510
Direct operating expenses										(336,666)	(320,278)	(262,859)
Selling, general and administrative expenses										(126,482)	(126,129)	(101,641)
Depreciation and amortization										(6,668)	(9,394)	(7,335)
Impairment and other gains, net										(109)	0
Restructuring charges										(4,788)	(452)	0
Operating income (loss)										96,508	151,902	275,675
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)										96,508	151,902	275,675
Share-based compensation expense										6,419	17,092	17,667
Depreciation and amortization										6,668	9,394	7,335
Restructuring charges										4,788	452	0
Impairment and other gains, net										109	0
Merger and acquisition related costs										55,236	27,683	4,502
Amortization for capitalized cloud computing costs										161	176
Remeasurement of deferred compensation plan liabilities										0
Adjusted operating (loss) income										169,889	206,699	305,179
Other Information:
Capital expenditures										$ 9,185	$ 3,673	$ 2,814
[1] See Note 17. Related Party Transactions, for further information on related party revenues and expenses

Segment Information - Schedul_2

Segment Information - Schedule of Concentration Risk (Details) - Customer Concentration Risk	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Customer A | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	23%	21%
Customer B | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	22%	21%
Customer C | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	17%	18%
Customer D | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage		12%
Customer 1 | Revenue Benchmark
Concentration Risk [Line Items]
Concentration risk, percentage	26%	26%	25%
Customer 2 | Revenue Benchmark
Concentration Risk [Line Items]
Concentration risk, percentage	26%	27%	27%
Customer 3 | Revenue Benchmark
Concentration Risk [Line Items]
Concentration risk, percentage	21%	21%	20%

Additional Financial Informat_3

Additional Financial Information - Schedule of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Additional Financial Information [Abstract]
Cash and cash equivalents	$ 131,965	$ 747,313
Restricted cash	297,149	12,999
Total Cash and cash equivalents, and restricted cash	$ 429,114	$ 760,312

Additional Financial Informat_4

Additional Financial Information - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 131,965	$ 747,313
Money Market Accounts, Time Deposits, U.S Treasury Bills
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 108,701	$ 597,036

Additional Financial Informat_5

Additional Financial Information - Schedule of Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Additional Financial Information [Abstract]
Prepaid expenses	$ 22,616	$ 10,647
Prepaid income taxes	834	4,510
Notes and other receivables	21,453	2,404
Current contract asset	314	0
Current contract assets	6,524	3,427
Other	4,344	5,874
Total prepaid expenses and other current assets	$ 56,085	$ 26,862

Additional Financial Informat_6

Additional Financial Information - Schedule of Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Additional Financial Information [Abstract]
Accounts payable	$ 39,654	$ 2,014
Accrued payroll and employee related liabilities	75,579	46,221
Cash due to promoters	73,611	0
Income taxes payable	11,842	0
Capital related accruals	236,593	204,894
Accrued legal fees	53,857	6,970
Other accrued expenses	$ 24,595	$ 16,459

Additional Financial Informat_7

Additional Financial Information - Schedule of Other Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Condensed Income Statements, Captions [Line Items]
Realized and unrealized gain on MSGE Retained Interest, see Note 7 for further detail	$ 548,690	$ (54,869)	$ 44,320
Unrealized gain	1,969	0	1,252
Loss on other equity method investments	(8,184)	(4,863)	(4,828)
Other	(2,613)	(655)	(359)
Other income (expense), net	536,887	(5,518)	(3,935)
MSG Entertainment
Condensed Income Statements, Captions [Line Items]
Realized and unrealized gain on MSGE Retained Interest, see Note 7 for further detail	545,715	$ 0	$ 0
Unrealized gain	$ 341,039

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	Aug. 09, 2023	Jun. 30, 2023	Aug. 18, 2023	Jul. 14, 2023	Jun. 30, 2022
MSGE Networks Term Sheet | Settled Litigation
Subsequent Event [Line Items]
Litigation settlement, amount awarded to other party		$ 48,500
Common Class A
Subsequent Event [Line Items]
Common stock, shares outstanding (in shares)		27,812,000			27,368,000
Subsequent Event | DDTL Facility | Unsecured Debt
Subsequent Event [Line Items]
Debt instrument, face amount				$ 65,000
Subsequent Event | Common Class A | MSG Entertainment
Subsequent Event [Line Items]
Common stock, shares outstanding (in shares)			49,128
Subsequent Event | Common Class A | MSG Entertainment | DDTL Facility | Sphere
Subsequent Event [Line Items]
Debt conversion, converted instrument, shares issued (in shares)	1,923

Interim Condensed Financial I_3

Interim Condensed Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended								12 Months Ended
		Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Condensed Income Statements, Captions [Line Items]
Revenues		$ 129,099	$ 162,062	$ 159,541	$ 123,129	$ 139,749	$ 168,080	$ 160,753	$ 141,473	$ 573,831	$ 610,055	$ 647,510
Operating expenses		(199,444)	(263,969)	(209,276)	(174,184)	(201,598)	(190,268)	(190,029)	(193,897)
Operating (loss) income		(70,345)	(101,907)	(49,735)	(51,055)	(61,849)	(22,188)	(29,276)	(52,424)
Income (loss) from continuing operations		359,637	(113,999)	(50,453)	(23,158)	(51,551)	(27,021)	(21,941)	(37,337)
Income (loss) from discontinued operations, net of taxes		178,087	55,441	97,889	2,236	(47,653)	7,715	26,959	(39,318)	333,653	(52,297)	(171,142)
Net income (loss)		537,724	(58,558)	47,436	(20,922)	(99,204)	(19,306)	5,018	(76,655)	505,680	(190,147)	(166,519)
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations										3,925	7,739	(16,269)
Net income (loss) attributable to Sphere Entertainment Co.’s stockholders		$ 536,795	$ (56,850)	$ 44,463	$ (21,636)	(99,942)	(17,491)	2,270	(79,232)	502,772	(194,395)	(148,151)
Adjustment of redeemable noncontrolling interest to redemption value						(3,173)	0	0	0	$ 0	$ 3,173	$ 8,728
Net (loss) income attributable to Sphere Entertainment Co.’s stockholders for EPS						$ (103,115)	$ (17,491)	$ 2,270	$ (79,232)
Basic earnings (loss) per common share attributable to Madison Square Garden Entertainment Corp.’s stockholders (in usd per share)										$ 14.51	$ (5.77)	$ (4.60)
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)										$ 14.40	$ (5.77)	$ (4.59)
Continuing Operations
Condensed Income Statements, Captions [Line Items]
Revenues	[1]									$ 573,831	$ 610,055	$ 647,510
Operating (loss) income										(273,042)	(165,737)	64,512
Income (loss) from continuing operations										172,027	(137,850)	4,623
Basic earnings (loss) per common share attributable to Madison Square Garden Entertainment Corp.’s stockholders (in usd per share)		$ 10.34	$ (3.28)	$ (1.45)	$ (0.67)	$ (1.50)	$ (0.79)	$ (0.64)	$ (1.10)
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)		$ 10.21	$ (3.28)	$ (1.45)	$ (0.67)	$ (1.50)	$ (0.79)	$ (0.64)	$ (1.10)
Discontinued Operations
Condensed Income Statements, Captions [Line Items]
Less: Net income (loss) attributable to redeemable noncontrolling interests from discontinued operations		$ 1,264	$ (1,492)	$ 3,029	$ 1,124	$ 3,327	$ (442)	$ 2,642	$ 2,212	3,925	7,739	(16,269)
Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations		$ (335)	$ (216)	$ (56)	$ (410)	$ (2,589)	$ (1,373)	$ 106	$ 365	$ (1,017)	$ (3,491)	$ (2,099)
Basic earnings (loss) per common share attributable to Madison Square Garden Entertainment Corp.’s stockholders (in usd per share)		$ 5.09	$ 1.65	$ 2.74	$ 0.04	$ (1.50)	$ 0.28	$ 0.71	$ (1.23)
Diluted loss per common share attributable to Sphere Entertainment Co.'s stockholders (in dollars per share)		$ 5.03	$ 1.65	$ 2.73	$ 0.04	$ (1.50)	$ 0.28	$ 0.70	$ (1.23)
[1] See Note 17. Related Party Transactions, for further information on related party revenues and expenses

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ (3,766)	$ (4,485)	$ (3,328)
(Additions) / Deductions Charged to Costs and Expenses	2,050	2,323	(5,048)
(Additions) / Deductions Charged to Other Accounts	840	(1,992)	3,305
Deductions	675	388	586
Balance at End of Period	(201)	(3,766)	(4,485)
Allowance for doubtful accounts / credit losses
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	(843)	(1,354)	(1,755)
(Additions) / Deductions Charged to Costs and Expenses	(3)	123	(185)
(Additions) / Deductions Charged to Other Accounts	0	0	0
Deductions	675	388	586
Balance at End of Period	(171)	(843)	(1,354)
Deferred tax valuation allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	(2,923)	(3,131)	(1,573)
(Additions) / Deductions Charged to Costs and Expenses	2,053	2,200	(4,863)
(Additions) / Deductions Charged to Other Accounts	840	(1,992)	3,305
Deductions	0	0	0
Balance at End of Period	$ (30)	$ (2,923)	$ (3,131)

Uncategorized Items - sphr-2023

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]