Madison Square Garden Entertainment (MSGE) 10-Q 18 May 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2023	Apr. 28, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-41627
Entity Registrant Name	MADISON SQUARE GARDEN ENTERTAINMENT CORP.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-0318813
Entity Address, Address Line One	Two Penn Plaza
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10121
City Area Code	(212)
Local Phone Number	465-6000
Title of 12(b) Security	Class A Common Stock
Trading Symbol	MSGE
Security Exchange Name	NYSE
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Central Index Key	0001952073
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Townsquare Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		44,900,926
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,866,754

Condensed Combined Balance Shee

Condensed Combined Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Current Assets:
Cash, cash equivalents and restricted cash	$ 122,981	$ 62,573
Accounts receivable, net	130,642	102,501
Related party receivables, current	80,463	96,938
Prepaid expenses and other current assets	74,289	79,441
Total current assets	408,375	341,453
Non-Current Assets:
Property and equipment, net	637,644	696,079
Right-of-use lease assets	248,366	271,154
Goodwill	69,041	69,041
Intangible assets, net	63,801	65,439
Other non-current assets	118,506	83,535
Total assets	1,545,733	1,526,701
Current Liabilities:
Accounts payable, accrued and other current liabilities	199,796	221,961
Related party payables, current	42,620	72,683
Current portion of long-term debt	16,250	8,762
Operating lease liabilities, current	38,298	39,006
Deferred revenue	258,132	202,678
Total current liabilities	555,096	545,090
Non-Current Liabilities:
Long-term debt, net of deferred financing costs	643,311	654,912
Operating lease liabilities, non-current	229,501	254,114
Deferred tax liabilities, net	23,377	23,253
Other non-current liabilities	50,945	50,921
Total liabilities	1,502,230	1,528,290
Commitments and contingencies (see Note 9.)
MSG Entertainment Divisional Equity (Deficit):
Members' Equity	77,365	33,265
Accumulated other comprehensive loss	(33,862)	(34,740)
Total MSG Entertainment divisional equity (deficit)	43,503	(1,475)
Nonredeemable noncontrolling interest	0	(114)
Total liabilities and divisional equity (deficit)	$ 1,545,733	$ 1,526,701

Condensed Combined Statements O

Condensed Combined Statements Of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 21,720	$ (4,142)	$ 100,527	$ (62,511)
Other comprehensive income (loss), before income taxes:
Amortization of net actuarial loss included in net periodic benefit cost	323	371	1,063	1,114
Other comprehensive income, before income taxes	323	371	1,063	1,114
Income tax expense	(56)	(65)	(185)	(196)
Other comprehensive income, net of income taxes	267	306	878	918
Comprehensive income (loss)	21,987	(3,836)	101,405	(61,593)
Less: Comprehensive loss attributable to nonredeemable noncontrolling interest	0	(212)	(553)	(579)
Comprehensive income (loss) attributable to MSG Entertainment	$ 21,987	$ (3,624)	$ 101,958	$ (61,014)

Condensed Combined Statements_2

Condensed Combined Statements Of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenues	[1]	$ 201,229	$ 193,988	$ 703,561	$ 475,150
Direct operating expenses (a)	[1]	(115,133)	(109,962)	(397,398)	(292,198)
Selling, general and administrative expenses (a)	[1]	(44,122)	(47,027)	(127,537)	(128,725)
Depreciation and amortization		(14,798)	(16,007)	(46,369)	(49,166)
(Loss) gains, net on dispositions		(51)	0	4,361	0
Restructuring charges		(2,461)	(5,171)	(9,820)	(5,171)
Operating income (loss)		24,664	15,821	126,798	(110)
Interest income	[1]	2,482	1,541	5,804	5,145
Interest expense		(13,423)	(13,009)	(38,055)	(39,804)
Other income (expense), net		8,070	(8,495)	6,784	(27,742)
Income (loss) from operations before income taxes		21,793	(4,142)	101,331	(62,511)
Income tax expense		(73)	0	(804)	0
Net income (loss)		21,720	(4,142)	100,527	(62,511)
Less: Net loss attributable to nonredeemable noncontrolling interest		0	(212)	(553)	(579)
Net income (loss) attributable to MSG Entertainment’s stockholders		$ 21,720	$ (3,930)	$ 101,080	$ (61,932)
Basic earnings (loss) per common share attributable to the Company (in dollars per share)		$ 0.42	$ (0.08)	$ 1.95	$ (1.20)
Diluted earnings (loss) per common share attributable to the Company (in dollars per share)		$ 0.42	$ (0.08)	$ 1.95	$ (1.20)
[1]See Note 15. Related Party Transactions, for further information on related party arrangements.

Condensed Combined Statements_3

Condensed Combined Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
OPERATING ACTIVITIES:
Net income (loss)	$ 100,527	$ (62,511)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	46,369	49,166
Share-based compensation expense	24,273	31,480
Amortization of deferred financing costs	2,409	5,088
Related party paid in kind interest	(2,939)	(3,111)
Net unrealized (gain) loss on equity investments with readily determinable fair value	(4,307)	28,303
Amortization of right-of-use assets	9,975	8,061
(Loss) gains, net on dispositions	(4,361)	0
Other non-cash adjustments	83	0
Change in assets and liabilities:
Accounts receivable, net	(27,890)	(74,943)
Related party receivables, net of payables	(5,292)	43,976
Prepaid expenses and other current and non-current assets	(29,938)	(46,450)
Accounts payable, accrued and other current and non-current liabilities	(20,812)	50,033
Deferred revenue	56,531	38,375
Operating lease right-of-use assets and lease liabilities	(12,287)	(7,129)
Net cash provided by operating activities	132,341	60,338
INVESTING ACTIVITIES:
Capital expenditures	(12,187)	(10,725)
Proceeds from dispositions, net	27,904	0
Proceeds (purchases) from investments	4,244
Proceeds (purchases) from investments		250
Proceeds from loan receivable	0	4,695
Loan to related parties	(6,700)	(6,780)
Net cash provided by (used in) investing activities	13,261	(13,060)
FINANCING ACTIVITIES:
Proceeds from issuance of debt	168	0
Principal repayments on long-term debt	(6,063)	(4,875)
Net transfers to Sphere Entertainment and Sphere Entertainment’s subsidiaries	(79,299)	(145,160)
Net cash used in financing activities	(85,194)	(150,035)
Net increase (decrease) in cash, cash equivalents and restricted cash	60,408	(102,757)
Cash, cash equivalents and restricted cash, beginning of period	62,573	318,069
Cash, cash equivalents and restricted cash, end of period	122,981	215,312
Non-cash investing and financing activities:
Capital expenditures incurred but not yet paid	504	228
Non-cash reduction of loan receivable from related party	$ 5,350	$ 4,019

Condensed Combined Statements_4

Condensed Combined Statements Of Divisional Equity (Deficit) (Unaudited) - USD ($) $ in Thousands	Total	Sphere Entertainment Investment	Accumulated Other Comprehensive Income (Loss)	Total MSG Entertainment Divisional Equity (Deficit)	Nonredeemable Noncontrolling Interest
Balance at the beginning of the period at Jun. 30, 2021	$ 498,652	$ 529,500	$ (33,598)	$ 495,902	$ 2,750
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	(62,511)	(61,932)		(61,932)	(579)
Other comprehensive income	918		918	918
Comprehensive income (loss)	(61,593)			(61,014)	(579)
Net decrease in Sphere Entertainment Investment	(116,554)	(116,554)		(116,554)
Balance at the end of the period at Mar. 31, 2022	320,505	351,014	(32,680)	318,334	2,171
Balance at the beginning of the period at Dec. 31, 2021	327,432	358,035	(32,986)	325,049	2,383
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	(4,142)	(3,930)		(3,930)	(212)
Other comprehensive income	306		306	306
Comprehensive income (loss)	(3,836)			(3,624)	(212)
Net decrease in Sphere Entertainment Investment	(3,091)	(3,091)		(3,091)
Balance at the end of the period at Mar. 31, 2022	320,505	351,014	(32,680)	318,334	2,171
Balance at the beginning of the period at Jun. 30, 2022	(1,589)	33,265	(34,740)	(1,475)	(114)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	100,527	101,080		101,080	(553)
Other comprehensive income	878		878	878
BCE disposition	667				667
Comprehensive income (loss)	102,072			101,958	114
Net decrease in Sphere Entertainment Investment	(56,980)	(56,980)		(56,980)
Balance at the end of the period at Mar. 31, 2023	43,503	77,365	(33,862)	43,503	0
Balance at the beginning of the period at Dec. 31, 2022	98,889	133,018	(34,129)	98,889	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	21,720	21,720		21,720
Other comprehensive income	267		267	267
Comprehensive income (loss)	21,987			21,987	0
Net decrease in Sphere Entertainment Investment	(77,373)	(77,373)		(77,373)
Balance at the end of the period at Mar. 31, 2023	$ 43,503	$ 77,365	$ (33,862)	$ 43,503	$ 0

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business The Company is a live entertainment company comprised of iconic venues and marquee entertainment content. Utilizing the Company’s powerful brands and live entertainment expertise, the Company delivers unique experiences that set the standard for excellence and innovation while forging deep connections with diverse and passionate audiences. The Company is comprised of one reportable segment. As of March 31, 2023, there have been no changes to the reportable segment structure of the Company. See Note 1. to the Company’s audited combined financial statements and notes thereto as of June 30, 2022 and 2021 and for the three years ended June 30, 2022, 2021 and 2020 (“Audited Combined Annual Financial Statements”) included in the Company’s Information Statement, dated April 3, 2023 (the “Information Statement”), filed as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed on April 4, 2023 for additional information regarding the details of the Company’s business. Spin-off Transaction On April 20, 2023 (the “MSGE Spinco Distribution Date”), Sphere Entertainment Co., formerly Madison Square Garden Entertainment Corp. (“Sphere Entertainment”), distributed approximately 67% of the outstanding common stock of Madison Square Garden Entertainment Corp., formerly MSGE Spinco, Inc. (“MSG Entertainment” or the “Company”), to its stockholders (the “MSGE Spinco Distribution”), with Sphere Entertainment retaining approximately 33% of the outstanding common stock of MSG Entertainment (in the form of Class A common stock) (the “MSGE Retained Interest”) immediately following the MSGE Spinco Distribution. The Company owns the traditional live entertainment business previously owned and operated by Sphere Entertainment through its Entertainment business segment, excluding Sphere (which was retained by Sphere Entertainment after the MSGE Spinco Distribution Date). In the MSGE Spinco Distribution, stockholders of Sphere Entertainment received (a) one share of MSG Entertainment’s Class A common stock, par value $0.01 per share, for every share of Sphere Entertainment’s Class A common stock, par value $0.01 per share, held of record as of the close of business, New York City time, on April 14, 2023 (the “Record Date”), and (b) one share of MSG Entertainment’s Class B common stock, par value $0.01 per share, for every share of Sphere Entertainment’s Class B common stock, par value $0.01 per share, held of record as of the close of business, New York City time, on the Record Date. The Company’s combined statements of operations for the three and nine months ended March 31, 2023 and 2022 were prepared on a stand-alone basis derived from the consolidated financial statements and accounting records of Sphere Entertainment, and are presented as carve-out financial statements, because the Company was not a standalone public company prior to the MSGE Spinco Distribution. Advertising Sales Representation Agreement Termination The advertising sales representation agreement (the “Networks Advertising Sales Representation Agreement”) between the Company and Sphere Entertainment’s subsidiary, MSGN Holdings, L.P. (“MSG Networks”), pursuant to which the Company had the exclusive right and obligation to sell MSG Networks advertising availabilities for a commission, was terminated effective as of December 31, 2022. The Company recognized $0 and $8,802 of revenue from the Networks Advertising Sales Representation Agreement for the three and nine months ended March 31, 2023, respectively, and $9,621 and $17,015 of revenue for the three and nine months ended March 31, 2022, respectively. The termination of the Networks Advertising Sales Representation Agreement has impacted the operating results of the Company for the three and nine months end March 31, 2023 and will impact the operating results of the Company on a go forward basis. As a result, after December 31, 2022, the Company no longer recognizes advertising sales commission revenue or the employee costs related to the MSG Networks advertising sales agency. Basis of Presentation The Company reports on a fiscal year basis ending on June 30 th (“Fiscal Year”). In these unaudited condensed combined interim financial statements, the years ended on June 30, 2023 and 2022 are referred to as “Fiscal Year 2023” and “Fiscal Year 2022,” respectively. Certain Fiscal Year 2022 amounts have been reclassified to conform to the Fiscal Year 2023 presentation. The accompanying interim condensed combined financial statements of the Company (the “condensed combined financial statements”) were prepared on a stand-alone basis derived from the consolidated financial statements and accounting records of Sphere Entertainment. These financial statements reflect the combined historical results of operations, financial position and cash flows of the Company in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information, the instructions of Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (“SEC”), and SEC Staff Accounting Bulletin (SAB) Topic 1-B, Allocation of Expenses and Related Disclosure in Financial Statements of Subsidiaries, Divisions or Lesser Business Components of Another Entity , and should be read in conjunction with the Company’s Audited Combined Annual Financial Statements. References to U.S. GAAP issued by the Financial Accounting Standards Board (“FASB”) in these footnotes are to the FASB Accounting Standards Codification, also referred to as “ASC.” Prior to the MSGE Spinco Distribution, separate financial statements have not been prepared for the Company and it has not operated as a stand-alone business from Sphere Entertainment. The condensed combined financial statements include certain assets and liabilities that have historically been held by Sphere Entertainment or by other Sphere Entertainment subsidiaries but are specifically identifiable or otherwise attributable to the Company. The condensed combined financial statements are presented as if the Company’s businesses had been combined for all periods presented. The assets and liabilities in the condensed combined financial statements have been reflected on a historical cost basis, as immediately prior to the MSGE Spinco Distribution, all of the assets and liabilities presented were wholly owned by Sphere Entertainment and were transferred to the Company at a carry-over basis. The condensed combined statements of operations include allocations for certain support functions that are provided on a centralized basis and not historically recorded at the business unit level by Sphere Entertainment, such as expenses related to executive management, finance, legal, human resources, government affairs, and information technology, among others. As part of the MSGE Spinco Distribution, certain corporate and operational support functions were transferred to the Company and therefore, charges were reflected in order to properly burden all business units comprising Sphere Entertainment’s historical operations. These expenses have been allocated to Sphere Entertainment on the basis of direct usage when identifiable, with the remainder allocated on a pro rata basis of combined assets, headcount or other measures of the Company or Sphere Entertainment, which are recorded as a reduction of either direct operating expenses or selling, general and administrative expenses. Management believes the assumptions underlying the condensed combined financial statements, including the assumptions regarding allocating general corporate expenses, are reasonable. Nevertheless, the condensed combined financial statements may not include all of the actual expenses that would have been incurred by the Company and may not reflect its combined results of operations, financial position and cash flows had it been a stand-alone company during the periods presented. Actual costs that would have been incurred if the Company had been a stand-alone company would depend on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. The Company is unable to quantify the amounts that it would have recorded during the historical periods on a stand-alone basis as it is not practicable to do so. See Note 15. Related Party Transactions for more information regarding allocations of certain costs from the Company to Sphere Entertainment. Sphere Entertainment uses a centralized approach to cash management and financing of operations. Cash is managed centrally with net earnings reinvested and working capital requirements met from existing liquid funds. The Company’s cash in excess of minimum liquidity requirements under the credit facilities was available for use and was regularly “swept” historically. Cash and cash equivalents were attributed to the Company for each of the periods presented, as such cash was held in accounts legally owned by the Company. See Note 10. Credit Facilities for more information regarding the Company’s debt facilities. Transfers of cash both to and from Sphere Entertainment are included as components of Sphere Entertainment investment on the condensed combined statements of divisional equity (deficit). Sphere Entertainment’s net investment in the Company has been presented as a component of divisional equity (deficit) in the condensed combined financial statements. Distributions made by Sphere Entertainment to the Company or to Sphere Entertainment from the Company are recorded as transfers to and from Sphere Entertainment, and the net amount is presented on the condensed combined statements of cash flows as “Net transfers to Sphere Entertainment and Sphere Entertainment’s subsidiaries.” In the opinion of the Company, the accompanying financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of March 31, 2023 and its results of operations for the three and nine months ended March 31, 2023, and 2022, and cash flows for the nine months ended March 31, 2023 and 2022. The condensed combined balance sheet as of Fiscal Year 2022 was derived from the Audited Combined Annual Financial Statements but does not contain all of the footnote disclosures from the Audited Combined Annual Financial Statements. The results of operations for the periods presented are not necessarily indicative of the results that might be expected for future interim periods or for the full year. As a result of the production of the Christmas Spectacular Starring the Radio City Rockettes (the “ Christmas Spectacular ”), and arena license fees in connection with the use of Madison Square Garden (“The Garden”) by the New York Knicks (the “Knicks”) of the National Basketball Association (the “NBA”) and the New York Rangers (the “Rangers”) of the National Hockey League (the “NHL”), the Company generally earns a disproportionate share of its annual revenues in the second and third quarters of its fiscal year. Impact of the COVID-19 Pandemic The Company’s operations and operating results were not materially impacted by the COVID-19 pandemic during the three and nine months ended March 31, 2023, as compared to the prior year period, which was impacted by fewer ticketed events at our venues in the first half of the fiscal year due to the lead-time required to book touring acts and artists and the postponement or cancellation of select bookings at our venues (including the partial cancellation of the 2021 production of the Christmas Spectacular ) during the second and third quarters of the fiscal year. See Note 1. Description of Business and Basis of Presentation in the Company’s Audited Combined Annual Financial Statements for additional information regarding the impact of the COVID-19 pandemic on the Company’s business.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies A. Principles of Combination All significant intracompany transactions and balances within the Company’s condensed combined businesses have been eliminated. Certain historical intercompany transactions between Sphere Entertainment and the Company have been included as components of Sphere Entertainment investment in the condensed combined financial statements, as they are considered effectively settled upon effectiveness of the MSGE Spinco Distribution and were not historically settled in cash. Certain other historical intercompany transactions between Sphere Entertainment and the Company have been classified as related party, rather than intercompany, in the condensed combined financial statements as they were historically settled in cash. Expenses related to corporate allocations from the Company to Sphere Entertainment prior to the MSGE Spinco Distribution, are considered to be effectively settled in the condensed combined financial statements at the time the transaction is recorded, with the offset recorded against Sphere Entertainment investment. See Note 15. Related Party Transactions, for further information on related party arrangements. The Company disposed of its controlling interest in Boston Calling Events, LLC (“BCE”) on December 2, 2022 and these condensed combined financial statements reflect the results of operations of BCE until its disposition. See Note 3. Dispositions, for details regarding the disposal. B. Use of Estimates The preparation of the accompanying condensed combined financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the provision for credit losses, 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, performance and share-based compensation, depreciation and amortization, litigation matters and other matters. Management believes its use of estimates in the financial statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and, as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s condensed combined financial statements in future periods. C. Significant Accounting Policies The following is an update to the Company’s Summary of Significant Accounting Policies disclosed in the Company’s Audited Combined Annual Financial Statements: Earnings (Loss) Per Common Share Basic earnings (loss) per common share (“EPS”) is based upon net income (loss) available to common stockholders divided by the weighted-average number of common shares outstanding during the period. On the MSGE Spinco Distribution Date, 51,768 common shares of the Company, inclusive of 17,021 common shares related to the MSGE Retained Interest, were outstanding as of April 20, 2023. This share amount is being utilized for the calculation of basic earnings (loss) per share for both the three and nine months ended March 31, 2023 and 2022 because the Company was not a standalone public company prior to the MSGE Spinco Distribution. In addition, the computation of diluted earnings per share equals the basic earnings (loss) per common share calculation since there was no stock trading information available to compute dilutive effect of shares issuable under share-based compensation plans needed under the treasury method in accordance with ASC Topic 260, Earnings Per Share . D. Recently Issued and Adopted Accounting Pronouncements Recently Issued Accounting Pronouncements No recently issued accounting pronouncements are expected to materially impact the Company's financial statements. Recently Adopted Accounting Pronouncements In October 2021 , the FASB issued Accounting Standards Update (“ ASU ”) No. 2021-08, Accounting for Contract Assets and Contract Liabilities From Contracts With Customers . This ASU requires that the acquiring entity in a business combination recognize and measure contract assets and contract liabilities acquired in accordance with ASC Topic 606. This standard was adopted by the Company in the first quarter of Fiscal Year 2023. The adoption of this standard had no impact on the Company’s condensed combined financial statements.

Dispositions

Dispositions	9 Months Ended
	Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Dispositions	Dispositions Disposition of Our Interest in Boston Calling Events The Company entered into an agreement on December 1, 2022 to sell its controlling interest in BCE (the “BCE Disposition”). The transaction closed on December 2, 2022, resulting in a total gain on sale of $8,744, net of transaction costs. BCE meets the definition of a business under SEC Regulation S-X Rule 11-01(d)-1 and FASB ASC Topic 805 — Business Combinations . This disposition does not represent a strategic shift with a major effect on the Company’s operations, and as such, has not been reflected as a discontinued operation under FASB ASC Subtopic 205-20 — Discontinued Operations . The gain on the BCE Disposition was recorded in (Loss) gains, net on dispositions in the condensed combined statements of operations. Disposition of Corporate Aircraft On December 30, 2022, the Company sold its owned aircraft for $20,375. In connection with the sale, the Company recognized a loss of $4,383, net of transaction costs. The loss on the aircraft disposition was recorded in (Loss) gains, net on dispositions in the condensed combined statements of operations.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Contracts with Customers See Note 2. Summary of Significant Accounting Policies and Note 4. Revenue Recognition, included in the Company’s Audited Combined Annual Financial Statements for more information regarding the details of the Company’s revenue recognition policies. All revenue recognized in the condensed combined statements of operations is considered to be revenue from contracts with customers in accordance with ASC Topic 606, except for revenues from the arena license agreements that require the Knicks and the Rangers to play their home games at The Garden (the “Arena License Agreements”), leases and subleases that are accounted for in accordance with ASC Topic 842. Disaggregation of Revenue The following tables disaggregate the Company’s revenue by major source based upon the timing of transfer of goods or services to the customer for the three and nine months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 2022 Event-related and entertainment offerings (a) $ 102,314 $ 90,899 Sponsorship, signage and suite licenses (b) 59,724 55,609 Other (c) 7,174 16,994 Total revenues from contracts with customers 169,212 163,502 Revenues from Arena License Agreements, leases and subleases 32,017 30,486 Total revenues $ 201,229 $ 193,988 Nine Months Ended March 31, 2023 2022 Event-related and entertainment offerings (a) $ 443,992 $ 268,391 Sponsorship, signage and suite licenses (b) 167,113 113,565 Other (c) 25,637 31,881 Total revenues from contracts with customers 636,742 413,837 Revenues from Arena License Agreements, leases and subleases 66,819 61,313 Total revenues $ 703,561 $ 475,150 ___________ (a) Event-related and entertainment offerings revenues are recognized at a point in time. (b) See Note 2. Summary of Significant Accounting Policies and Note 4. Revenue Recognition, included in the Company’s Audited Combined Annual Financial Statements for further details on the pattern of recognition of sponsorship, signage, and suite license revenues. (c) Primarily consists of (i) revenues from sponsorship sales and representation agreements with Madison Square Garden Sports Corp. (“MSG Sports”) and (ii) advertising commission revenues recognized under the Networks Advertising Sales Representation Agreement. The Networks Advertising Sales Representation Agreement was terminated as of December 31, 2022, as discussed in Note 1. Description of Business. In addition to the disaggregation of the Company’s revenue by major source based upon the timing of transfer of goods or services to the customer disclosed above, the following tables disaggregate the Company’s 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 the three and nine months ended March 31, 2023 and 2022. Three Months Ended March 31, 2023 2022 Ticketing and venue license fee revenues (a) $ 45,547 $ 46,867 Sponsorship and signage, suite, and advertising commission revenues (b) 78,504 79,631 Food, beverage and merchandise revenues 43,021 36,344 Other 2,140 660 Total revenues from contracts with customers 169,212 163,502 Revenues from Arena License Agreements, leases and subleases 32,017 30,486 Total revenues $ 201,229 $ 193,988 Nine Months Ended March 31, 2023 2022 Ticketing and venue license fee revenues (a) $ 291,404 $ 172,844 Sponsorship and signage, suite, and advertising commission revenues (b) 215,812 161,046 Food, beverage and merchandise revenues 124,711 78,032 Other 4,815 1,915 Total revenues from contracts with customers 636,742 413,837 Revenues from Arena License Agreements, leases and subleases 66,819 61,313 Total revenues $ 703,561 $ 475,150 _________________ (a) Amounts include ticket sales, including other ticket-related revenue, and venue license fees from the Company’s events such as (i) concerts, (ii) the presentation of the Christmas Spectacular and (iii) other live entertainment and sporting events. (b) Amounts include (i) revenues from sponsorship sales and representation agreements with MSG Sports and (ii) advertising commission revenues recognized under the Networks Advertising Sales Representation Agreement. The Networks Advertising Sales Representation Agreement was terminated as of December 31, 2022, as discussed in Note 1. Description of Business. Contract Balances The following table provides information about contract balances from the Company’s contracts with customers as of March 31, 2023 and June 30, 2022: March 31, June 30, 2023 2022 Receivables from contracts with customers, net (a) $ 139,719 $ 106,664 Contract assets, current (b) $ 7,548 $ 5,503 Deferred revenue, including non-current portion (c) $ 258,347 $ 203,256 ________________ (a) Receivables from contracts with customers, net, which are reported in Accounts receivable, net and Related party receivables, current in the Company’s condensed combined balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of March 31, 2023 and June 30, 2022, the Company’s receivables from contracts with customers above included $9,077 and $4,163, respectively, related to various related parties. See Note 15. Related Party Transactions for further details on related party arrangements. (b) Contract assets, current, which are reported as Prepaid expenses and other current assets in the Company’s condensed combined balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to customers, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. (c) Deferred revenue primarily relates to the Company’s receipt of consideration from customers in advance of the Company’s transfer of goods or services to the customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to a customer. Revenue recognized for the three and nine months ended March 31, 2023 relating to the deferred revenue balance as of June 30,2022 was $21,196 and $175,326, respectively. Transaction Price Allocated to the Remaining Performance Obligations

Restructuring Charges

Restructuring Charges	9 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During Fiscal Year 2023, Sphere Entertainment implemented a cost reduction program which resulted in the recording of termination benefits for a workforce reduction of certain executives and employees. The Company recorded restructuring charges of $2,461 and $9,820, net of contributory credits from the Company to Sphere Entertainment for the Company’s corporate employees, for the three and nine months ended March 31, 2023, respectively. Restructuring charges are inclusive of $0 and $2,293 of share-based compensation expenses for the three and nine months ended March 31, 2023, respectively. As of March 31, 2023 and June 30, 2022, the Company had a restructuring accrual of $6,036 and $3,210, respectively, shown in accounts payable, accrued and other current liabilities and divisional equity (deficit).

Equity Investments With Readily

Equity Investments With Readily Determinable Fair Values	9 Months Ended
	Mar. 31, 2023
Investments in and Advances to Affiliates [Abstract]
Equity Investments With Readily Determinable Fair Values	Equity Investments With Readily Determinable Fair Value As of March 31, 2023, the Company held investments of (i) Townsquare Media, Inc. (“Townsquare”) and (ii) DraftKings Inc. (“DraftKings”): • Townsquare is a media, entertainment and digital marketing solutions company that is listed on the New York Stock Exchange (“NYSE”) under the symbol “TSQ”. • DraftKings is a fantasy sports contest and sports gambling provider that is listed on the NASDAQ Stock Market (“NASDAQ”) under the symbol “DKNG”. The fair value of the Company’s investments in Class A common stock of Townsquare and Class A common stock of DraftKings is determined based on quoted market prices in active markets on the NYSE and NASDAQ, respectively, which are classified within Level I of the fair value hierarchy. As a holder of Class C common stock of Townsquare, the Company is entitled to convert at any time all or any part of the Company’s shares into an equal number of shares of Class A common stock of Townsquare, subject to restrictions set forth in Townsquare’s certificate of incorporation. The carrying fair value of these investments, which are reported under Other non-current assets in the accompanying condensed combined balance sheets as of March 31, 2023 and June 30, 2022, are as follows: March 31, 2023 June 30, 2022 Townsquare Class A common stock $ 4,665 $ 4,776 Townsquare Class C common stock 21,000 21,499 DraftKings common stock 12,397 10,146 Total Equity Investments with Readily Determinable Fair Value $ 38,062 $ 36,421 The following table summarizes the realized and unrealized (loss) gain on equity investments with readily determinable fair value, which is reported in Other income (expenses), net for the three and nine months ended March 31, 2023 and 2022: Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Unrealized gain (loss) — Townsquare $ 2,406 $ (1,732) $ (609) $ 129 Unrealized gain (loss) — DraftKings 5,104 (6,956) 4,916 (28,432) Gain from shares sold — DraftKings 214 — 1,703 — Total realized and unrealized gain (loss) $ 7,724 $ (8,688) $ 6,010 $ (28,303) Supplemental information on realized gain: Shares of common stock sold — DraftKings 29 — 229 — Cash proceeds from common stock sold — DraftKings $ 550 $ — $ 4,369 $ —

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net As of March 31, 2023 and June 30, 2022, property and equipment, net consisted of the following: March 31, June 30, 2023 2022 Land $ 62,768 $ 62,768 Buildings 998,231 995,965 Equipment 334,555 323,741 Aircraft (a) — 38,090 Furniture and fixtures 29,308 28,976 Leasehold improvements 105,877 105,877 Construction in progress 1,240 3,139 Total Property and equipment $ 1,531,979 $ 1,558,556 Less: accumulated depreciation and amortization (a) (894,335) (862,477) Property and equipment, net $ 637,644 $ 696,079 ________________ (a) On December 30, 2022, the Company completed the disposition of a corporate aircraft (see Note 3. Dispositions), which resulted in a reduction of gross assets of $38,090 and related accumulated depreciation of $13,689. Depreciation and amortization expense on property and equipment was $14,798 and $45,615 for the three and nine months ended March 31, 2023, respectively, and $15,760 and $48,425, for the three and nine months ended March 31, 2022, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible AssetsAs of March 31, 2023 and June 30, 2022, the carrying amount of goodwill was $69,041. During the first quarter of Fiscal Year 2023, the Company performed its annual impairment test of goodwill and determined that there was no impairment of goodwill identified as of the impairment test date. The Company’s indefinite-lived intangible assets as of March 31, 2023 and June 30, 2022 were as follows: March 31, June 30, 2023 2022 Trademarks $ 61,881 $ 61,881 Photographic related rights 1,920 1,920 Total indefinite-lived intangible assets $ 63,801 $ 63,801 During the first quarter of Fiscal Year 2023, the Company performed its annual impairment test of indefinite-lived intangible assets and determined that there were no impairments of indefinite-lived intangibles identified as of the impairment test date. The Company’s intangible assets subject to amortization are as follows: March 31, 2023 Gross Accumulated Amortization Net Other intangibles (b) $ 4,217 $ (4,217) $ — Total amortizable intangible assets $ 4,217 $ (4,217) $ — June 30, 2022 Gross Accumulated Amortization Net Trade names (a) $ 2,530 $ (2,169) $ 361 Festival rights (a) 8,080 (6,926) 1,154 Other intangibles 4,217 (4,094) 123 Total amortizable intangible assets $ 14,827 $ (13,189) $ 1,638 ________________ (a) On December 2, 2022, the Company completed the BCE Disposition (see Note 3. Dispositions) which resulted in a reduction of gross assets and accumulated amortization related to festival rights and trade names, associated with the BCE Disposition. (b) The Other intangibles were fully amortized. Amortization expense for intangible assets was $0 and $754 for the three and nine months ended March 31, 2023, respectively, and $247 and $741 for the three and nine months ended March 31, 2022, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments See Note 13. Commitments and Contingencies, included in the Company’s Audited Combined Annual Financial Statements for details on the Company’s off balance sheet commitments. The Company’s off-balance sheet commitments as of June 30, 2022 included a total of $21,422 of contractual obligations. During the nine months ended March 31, 2023, the Company’s off-balance sheet commitments increased by a total of $6,478 of contractual obligations offset by an immaterial decrease in marketing partnerships agreement-related commitments. The increase in contractual obligations primarily relates to future performances at The Garden. See Note 10. Credit Facilities for details of the principal repayments required under the Company’s various credit facilities. Delayed Draw Term Loan Facility On April 20, 2023, a subsidiary of the Company, MSG Entertainment Holdings, LLC (“MSG Entertainment Holdings”), entered into a delayed draw term loan facility (the “DDTL Facility”) with Sphere Entertainment. Pursuant to the DDTL Facility, MSG Entertainment Holdings has committed to lend up to $65,000 in delayed draw term loans to Sphere Entertainment on an unsecured basis until October 20, 2024. As of the date of this filing, Sphere Entertainment has not yet drawn upon the DDTL Facility. The DDTL Facility will mature and any unused commitments thereunder will expire on October 20, 2024. Borrowings under the DDTL Facility will bear interest at a variable rate equal to either, at the option of Sphere Entertainment, (a) a base rate plus an applicable margin, or (b) Term SOFR plus 0.10%, plus an applicable margin. The applicable margin is equal to the applicable margin under the National Properties Facilities (as defined below), plus 1.00% per annum. Subject to customary borrowing conditions, the DDTL Facility may be drawn in up to 6 separate borrowings of $5,000 or more. The DDTL Facility is prepayable at any time without penalty and amounts repaid on the DDTL Facility may not be reborrowed. If drawn, Sphere Entertainment will have the option to make any payments of principal, interest or fees under the DDTL Facility either in cash or by delivering to MSG Entertainment Holdings shares of MSG Entertainment Class A common stock. If Sphere Entertainment elects to make any payment in the form of MSG Entertainment Class A common stock, the amount of such payment would be calculated based on the dollar volume-weighted average trading price for MSG Entertainment Class A common stock for the 20 trading days ending on the day on which Sphere Entertainment made such election. Sphere Entertainment shall only be permitted to use the proceeds of the DDTL Facility (i) for funding costs associated with its Sphere initiative and (ii) in connection with refinancing of the indebtedness under certain senior secured credit facilities by and among MSG Networks, MSGN Eden, LLC, Regional MSGN Holdings LLC, and certain subsidiaries of MSG Networks pursuant to a credit agreement as amended and restated on October 11, 2019. 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. Legal Matters The Company is a defendant in various lawsuits. Although the outcome of these lawsuits cannot be predicted with certainty (including the extent of available insurance, if any), management does not believe that resolution of these lawsuits will have a material adverse effect on the Company.

Credit Facilities

Credit Facilities	9 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Credit Facilities	Credit Facilities See Note 14. Credit Facilities, included in the Company’s Audited Combined Annual Financial Statements for more information regarding the Company’s credit facilities. The following table summarizes the outstanding balances under the Company’s credit facilities as of March 31, 2023 and June 30, 2022: March 31, June 30, 2022 Principal Current Portion National Properties Term Loan Facility $ 16,250 $ 8,125 Other debt — 637 Current portion of long-term debt $ 16,250 $ 8,762 March 31, 2023 June 30, 2022 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current Portion National Properties Term Loan Facility $ 629,687 $ (13,644) $ 616,043 $ 641,875 $ (16,063) $ 625,812 National Properties Revolving Credit Facility 27,100 — 27,100 29,100 — 29,100 Other long-term loan 168 — 168 — — — Long-term debt, net of deferred financing costs $ 656,955 $ (13,644) $ 643,311 $ 670,975 $ (16,063) $ 654,912 National Properties Facilities General. On June 30, 2022, MSG National Properties, LLC (“MSG National Properties”), Sphere Entertainment Group, LLC (formerly known as MSG Entertainment Group, LLC and referred to herein as “Sphere Entertainment Group”) and certain subsidiaries of MSG National Properties entered into a credit agreement with JP Morgan Chase Bank, N.A., as administrative agent and the lenders and L/C issuers party thereto (as amended, the “National Properties Credit Agreement”), providing for a five-year, $650,000 senior secured term loan facility (the “National Properties Term Loan Facility”) and a five-year, $100,000 revolving credit facility (the “National Properties Revolving Credit Facility” and, together with the National Properties Term Loan Facility, the “National Properties Facilities”). As of March 31, 2023 outstanding letters of credit were $7,992 and the remaining balance available under the National Properties Revolving Credit Facility was $64,908 . Interest Rates. Borrowings under the current National Properties Facilities bear interest at a floating rate, which at the option of MSG National Properties may be either (a) a base rate plus an applicable margin ranging from 1.50% to 2.50% per annum, determined based on the total leverage ratio of MSG National Properties and its restricted subsidiaries (the “National Properties Base Rate”), or (b) Term SOFR plus an applicable margin ranging from 2.50% to 3.50% per annum, determined based on the total leverage ratio of MSG National Properties and its restricted subsidiaries (the “National Properties SOFR Rate”). The National Properties Credit Agreement requires MSG National Properties to pay a commitment fee ranging from 0.30% to 0.50% in respect of the daily unused commitments under the National Properties Revolving Credit Facility. MSG National Properties is also required to pay customary letter of credit fees, as well as fronting fees, to banks that issue letters of credit pursuant to the National Properties Credit Agreement. The interest rate on the National Properties Facilities as of March 31, 2023 was 7.41%. Principal Repayments. Subject to customary notice and minimum amount conditions, the Company may voluntarily repay outstanding loans under the National Properties Facilities and terminate commitments under the National Properties Revolving Credit Facility, at any time, in whole or in part, subject only to customary breakage costs in the case of prepayment of Term SOFR loans. The principal obligations under the National Properties Term Loan Facility are to be repaid in quarterly installments beginning with the fiscal quarter ending March 31, 2023, in an aggregate amount equal to 2.50% per annum (0.625% per quarter), stepping up to 5.00% per annum (1.25% per quarter) in the fiscal quarter ending September 30, 2025, with the balance due at the maturity of the facility on June 30, 2027. The principal obligations under the National Properties Revolving Credit Facility are due at the maturity of the facil ity. Under certain circumstances, MSG National Properties is required to make mandatory prepayments on loans outstanding, including prepayments in an amount equal to the net cash proceeds of certain sales of assets or casualty insurance and/or condemnation recoveries (subject to certain reinvestment, repair, or replacement rights), subject to certain exceptions. Covenants. The National Properties Credit Agreement includes financial covenants requiring MSG National Properties and its restricted subsidiaries to maintain a specified minimum liquidity level, a specified minimum debt service coverage ratio and specified maximum total leverage ratio. The minimum liquidity level is set at $50,000, and is tested based on the level of average daily liquidity, consisting of cash and cash equivalents and available revolving commitments, over the last month of each quarter over the life of the National Properties Facilities. The debt service coverage ratio covenant began testing in the fiscal quarter ending December 31, 2022, and is set at a ratio of 2:1 before stepping up to 2.5:1 in the fiscal quarter ending September 30, 2024. The leverage ratio covenant begins testing in the fiscal quarter ending June 30, 2023. It is tested based on the ratio of MSG National Properties and its restricted subsidiaries’ consolidated total indebtedness to adjusted operating income, with an initial maximum ratio of 6:1, stepping down to 5.5:1 in the fiscal quarter ending June 30, 2024 and 4.5:1 in the fiscal quarter ending June 30, 2026. As of March 31, 2023, MSG National Properties and its restricted subsidiaries were in compliance with the covenants of the National Properties Credit Agreement. In addition to the financial covenants discussed above, the National Properties Credit Agreement and the related security agreement contain certain customary representations and warranties, affirmative and negative covenants and events of default. The National Properties Credit Agreement contains certain restrictions on the ability of MSG National Properties and its restricted subsidiaries to take certain actions as provided in (and subject to various exceptions and baskets set forth in) the National Properties Credit Agreement, including the following: (i) incur additional indebtedness; (ii) create liens on certain assets; (iii) make investments, loans or advances in or to other persons; (iv) pay dividends and distributions or repurchase capital stock (which will restrict the ability of MSG National Properties to make cash distributions to the Company); (v) repay, redeem or repurchase certain indebtedness; (vi) change its lines of business; (vii) engage in certain transactions with affiliates; (viii) amend their respective organizational documents; (ix) merge or consolidate; and (x) make certain dispositions. Guarantors and Collateral. As of March 31, 2023, all obligations under the National Properties Facilities were guaranteed by Sphere Entertainment Group and MSG National Properties’ existing and future direct and indirect domestic subsidiaries, other than the subsidiaries that own The Garden and certain other excluded subsidiaries (the “Subsidiary Guarantors”). In connection with the MSGE Spinco Distribution, on April 18, 2023, the National Properties Credit Agreement was amended to change the parent guarantor from Sphere Entertainment Group to MSG Entertainment Holdings, the direct parent of MSG National Properties. All obligations under the National Properties Facilities, including the guarantees of those obligations, are secured by certain of the assets of MSG National Properties and the Subsidiary Guarantors (collectively, “Collateral”) including, but not limited to, a pledge of some or all of the equity interests held directly or indirectly by MSG National Properties in each Subsidiary Guarantor. The Collateral does not include, among other things, any interests in The Garden or the leasehold interests in Radio City Music Hall and the Beacon Theatre. Interest payments and loan principal repayments made by the Company under the National Properties Credit Agreement were as follows: Interest Payments Loan Principal Repayments Nine Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 National Properties Term Loan Facility $ 35,283 $ 34,917 $ 6,063 $ 4,875 The carrying value and fair value of the Company’s financial instruments reported in the accompanying condensed combined balance sheets are as follows: March 31, 2023 June 30, 2022 Carrying Value (a) Fair Value Carrying Value (a) Fair Value Liabilities: National Properties Facilities $ 673,037 $ 666,307 $ 679,100 $ 679,100 Other debt 168 168 637 637 Total Long-term debt 673,205 666,475 679,737 679,737 ________________ (a) The total carrying value of the Company’s financial instruments as of March 31, 2023 and June 30, 2022 is equal to the current and non-current principal payments for the Company’s credit agreements excluding unamortized deferred financing costs of $13,644 and $16,063, respectively. The Company’s long-term debt is classified within Level II of the fair value hierarchy as it is valued using quoted indices of similar instruments for which the inputs are readily observable.

Pension Plans and Other Postret

Pension Plans and Other Postretirement Benefit Plans	9 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Pension Plans and Other Postretirement Benefit Plans	Pension Plans and Other Postretirement Benefit Plans Sphere Entertainment sponsors several pension, savings and postretirement benefit plans including the defined benefit pension plans (“Pension Plans”), postretirement benefit plan (“Postretirement Plan”), The Madison Square Garden 401(k) Savings Plan and the MSG Entertainment Group, LLC Excess Savings Plan (collectively, the “Savings Plans”), and The Madison Square Garden 401(k) Union Plan (the “Union Savings Plan”). Certain of these Pension Plans and the Postretirement Plan, such as the Cash Balance Plan and Excess Plans, historically included participants of the Company as well as Sphere Entertainment and MSG Sports (“Shared Plans”). Other plans, such as the Union Plan, only included participants of the Company and not of MSG Sports and Sphere Entertainment (“Direct Plan”). See Note 15. Pension Plans and Other Postretirement Benefit Plans, included in the Company’s Audited Combined Annual Financial Statements for more information regarding these plans. Defined Benefit Pension Plans and Postretirement Benefit Plan For the historical periods, Sphere Entertainment was the legal sponsor of the Pension Plans and Postretirement Plan. For purposes of the condensed combined financial statements, it was determined that these plans’ assets and liabilities were attributable to the Company. Therefore, the condensed combined financial statements reflect the full impact of the Shared Plans and the Direct Plan on both the condensed combined statements of operations and condensed combined balance sheets. The pension expense and liabilities related to employees of other Sphere Entertainment businesses participating in the Shared Pension Plans and Postretirement Plan were immaterial for the three and nine months ended March 31, 2023 and 2022. The following table presents components of net periodic benefit cost for the Pension Plans and Postretirement Plan included in the accompanying condensed combined statements of operations for the three and nine months ended March 31, 2023 and 2022. Service cost is recognized in direct operating expenses and selling, general and administrative expenses. All other components of net periodic benefit cost are reported in Other income (expense), net. Pension Plans Postretirement Plan Three Months Ended March 31, Three Months Ended March 31, 2023 2022 2023 2022 Service cost $ 30 $ 25 $ 8 $ 9 Interest cost 927 928 11 12 Expected return on plan assets (1,504) (1,504) — — Recognized actuarial loss 314 355 9 16 Net periodic (benefit) cost $ (233) $ (196) $ 28 $ 37 Pension Plans Postretirement Plan Nine Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Service cost $ 90 $ 75 $ 24 $ 27 Interest cost 2,781 2,784 33 36 Expected return on plan assets (4,512) (4,512) — — Recognized actuarial loss 1,036 1,066 27 48 Net periodic (benefit) cost $ (605) $ (587) $ 84 $ 111 Contributions for Qualified Defined Benefit Pension Plan Sphere Entertainment sponsors a non-contributory, qualified defined benefit pension plan covering certain of its union employees (the “Union Plan”). During the three and nine months ended March 31, 2023, the Company did not make any contributions to the Union Plan. Defined Contribution Plans For the three and nine months ended March 31, 2023 and 2022, expenses related to the Savings Plans and Union Savings Plan included in the accompanying condensed combined statements of operations are as follows: Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Savings Plans $ 1,367 $ 1,069 $ 3,553 $ 3,005 Union Savings Plan $ 371 $ 24 $ 409 $ 45

Share-based Compensation

Share-based Compensation	9 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation Certain employees of the Company have historically participated in the share-based compensation plans of Sphere Entertainment (“Sphere Entertainment Employee Stock Plans”). Only the expenses for the awards provided to the Company’s direct employees, net of expenses related to the Company’s corporate employees who participate in the plans that were charged to Sphere Entertainment, are recorded in the condensed combined financial statements. See Note 16. Share Based Compensation, included in the Company’s Audited Combined Annual Financial Statements for more information on these plans. Share-based compensation expense was recognized in the condensed combined statements of operations as a component of direct operating expenses or selling, general and administrative expenses. The share-based compensation expense recorded by the Company, in the periods presented, includes the expenses associated with the employees attributable to the Company, net of contributory credits from the Company to Sphere Entertainment for the Company’s corporate employees. The following table summarizes the Company’s share-based compensation expense: Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Share-based compensation (a) $ 8,014 $ 10,401 $ 24,273 $ 31,480 Intrinsic value of awards vested $ — $ — $ 2,867 $ 2,422 ________________ (a) The balances shown includes $0 and $2,293 which was reclassified to Restructuring charges in the condensed consolidated statements of operations for the three and nine months ended March 31, 2023, respectively, and $1,612 for the three and nine months ended March 31, 2022, as detailed in Note 5. Restructuring Charges. As of March 31, 2023, there was $6,401 of unrecognized compensation cost related to unvested RSUs and PSUs held by the Company’s direct employees. The cost is expected to be recognized over a weighted-average period of approximately 1.65 years. Award Activity RSUs During the nine months ended March 31, 2023 and 2022, 66 and 59 RSUs were granted, respectively, and 40 and 22 RSUs vested, respectively. PSUs During the nine months ended March 31, 2023 and 2022, 60 and 55 PSUs were granted, respectively, and 11 and 8 PSUs vested, respectively.

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Stockholders’ Equity	Stockholders’ Equity Share Repurchase Program On March 29, 2023, the Company’s Board of Directors authorized a share repurchase program to repurchase up to $250,000 of the Company’s Class A Common Stock. Under the authorization, shares of Class A Common Stock may be purchased from time to time in open market or private transactions, block trades or such other manner as the Company may determine (including through repayment by Sphere Entertainment of the DDTL Facility with shares of the Company’s Class A Common Stock) in accordance with applicable insider trading and other securities laws and regulations. The timing and amount of purchases will depend on market conditions and other factors. No shares have been repurchased to date.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table details the components of accumulated other comprehensive loss: Pension Plans and Postretirement Plan Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Balance at beginning of period $ (34,129) $ (32,986) $ (34,740) $ (33,598) Other comprehensive income (loss): Amounts reclassified from accumulated other comprehensive loss (a) 323 371 1,063 1,114 Income tax expense (56) (65) (185) (196) Other comprehensive income (loss), net of income taxes 267 306 878 918 Balance at end of period $ (33,862) $ (32,680) $ (33,862) $ (32,680) ________________ (a) Amounts reclassified from accumulated other comprehensive loss represent the amortization of net actuarial loss and net unrecognized prior service credit included in net periodic benefit cost, which is reflected under Other income (expense), net in the accompanying condensed consolidated statements of operations (see Note 11. Pension Plans and Other Postretirement Benefit Plans).

Related Party Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Given that the MSGE Spinco Distribution did not occur until after March 31, 2023, the transactions described below, unless otherwise indicated, were in place with Sphere Entertainment as of March 31, 2023, and continued with the Company following the MSGE Spinco Distribution. As of March 31, 2023, members of the Dolan family, including trusts for the benefit of members of the Dolan family (collectively, the “Dolan Family Group”), for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, collectively beneficially owned 100% of the Sphere Entertainment’s outstanding Class B common stock and approximately 5.5% of Sphere Entertainment’s outstanding Class A common stock (inclusive of options exercisable within 60 days of March 31, 2023). Such shares of Sphere Entertainment’s Class A common stock and Class B common stock, collectively, represent approximately 72.4% of the aggregate voting power of Sphere Entertainment’s outstanding common stock. Pursuant to the MSGE Spinco Distribution on April 20, 2023, Sphere Entertainment distributed approximately 67% of the outstanding common stock of the Company to its stockholders, with one share of the Company’s Class A Common Stock issued for every share of Sphere Entertainment’s Class A common stock held as of the Record Date, and one share of the Company’s Class B Common Stock issued for every share of Sphere Entertainment’s Class B common stock held as of the Record Date, and retained approximately 33% of the Company’s outstanding common stock. Members of the Dolan family are the controlling stockholders of the Company, Sphere Entertainment (including its subsidiaries MSG Networks Inc. and TAO Group Hospitality, which was subsequently sold on May 3, 2023), MSG Sports, and AMC Networks Inc. (“AMC Networks”). See Note 19. Related Party Transactions to the Company’s Audited Combined Annual Financial Statements for a description of the Company’s current related party arrangements. There have been no material changes in such related party arrangements except as described below and in Note 1. Description of Business and Basis of Presentation. From time to time the Company enters into arrangements with 605, LLC (“605”). James L. Dolan, the Company’s Executive Chairman, Chief Executive Officer and a director, and his spouse, Kristin A. Dolan, own 50% of 605. Kristin A. Dolan is also the founder and Non-Executive Chairman of 605. 605 provides audience measurement and data analytics services to the Company and its subsidiaries in the ordinary course of business. Sphere Entertainment’s audit committee approved the entry into one or more agreements with 605 to provide certain data analytics services to the Company for an aggregate amount of up to $1,000. In August 2022, a subsidiary of Sphere Entertainment entered into a three-year agreement with 605, valued at approximately $750, covering several customer analysis projects per year in connection with events held at our venues, which was assigned to the Company in connection with the MSGE Spinco Distribution. The Company expects to engage 605 to provide additional data analytics services in the future. Pursuant to this arrangement, the Company recognized $68 and $204 of expense for the three and nine months ended March 31, 2023, respectively, and as of March 31, 2023, $68 has been recognized in Prepaid expenses and other current assets. MSG Sports has made market rate interest-bearing advances to the Company in connection with the construction of new premium hospitality suites at The Garden. The advances will be repaid (including interest) through cash receipts from the licenses for each new suite. As of March 31, 2023, MSG Sports had advanced $168 to the Company in connection with the arrangement. This advance has been recognized in Long-term debt, net of deferred financing costs in the accompanying condensed consolidated balance sheets. As of June 30, 2022 , the Company had $637 of notes payable with respect to a loan received by BCE from its noncontrolling interest holder. There were no notes payable as of March 31, 2023 as a result of the BCE Disposition. 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 condensed combined statements of operations for the three and nine months ended March 31, 2023 and 2022: Three Months Ended March 31, Nine Months Ended 2023 2022 2023 2022 Revenues $ 41,594 $ 49,259 $ 96,805 $ 96,415 Operating expenses (credits): Revenue sharing expenses $ 7,353 $ 5,791 $ 15,639 $ 12,187 Reimbursement under Arena License Arrangements (8,911) (10,047) (18,761) (19,097) Cost reimbursement from MSG Sports (9,789) (9,159) (28,781) (28,888) Corporate allocations to Sphere Entertainment (40,794) (32,343) (114,761) (106,628) Other operating expenses, net 327 541 3,682 4,701 Total operating expenses (credits), net (a) $ (51,814) $ (45,217) $ (142,982) $ (137,725) ____________________ (a) Of the total operating expenses, net, $(804) and $(1,329) for the three and nine months ended March 31, 2023, respectively, and $(4,427) and $(7,458) for the three and nine months ended March 31, 2022, respectively, are included in direct operating expenses in the accompanying condensed combined statements of operations, and $(51,010) and $(141,653) for the three and nine months ended March 31, 2023, respectively, and $(40,790) and $(130,267) for the three and nine months ended March 31, 2022, respectively, are included in selling, general and administrative expenses. Revenues The Company recorded $31,163 and $64,312 of revenues under the Arena License Agreements for the three and nine months ended March 31, 2023, respectively. In addition to the Arena License Agreements, the Company’s revenues from related parties primarily reflected sponsorship sales and service representation agreements of $7,079 and $15,643, and merchandise sharing revenues of $2,160 and $4,451 with MSG Sports during the three and nine months ended March 31, 2023, respectively. The Company recorded revenues under the Networks Advertising Sales Representation Agreement of $0 and $8,802 for the three and nine months ended March 31, 2023, respectively. The Company also earned sublease revenue from related parties of $716 and $2,100 during the three months and nine months ended March 31, 2023, respectively. The Company recorded $29,616 and $58,797 of revenues under the Arena License Agreements for the three and nine months ended March 31, 2022, respectively. In addition, the Company recorded revenues under sponsorship sales and service representation agreements of $7,027 and $14,206 and merchandise sharing revenues of $1,548 and $3,000 with MSG Sports during the three and nine months ended March 31, 2022, respectively. The Company recorded revenues under the Networks Advertising Sales Representation Agreement of $9,621 and $17,015 for the three and nine months ended March 31, 2022, respectively. The Company also earned sublease revenue from related parties of $736 and $1,958 during the three and nine months ended March 31, 2022, respectively. Operating Expenses Revenue sharing expenses Revenue sharing expenses include MSG Sports’ share of the Company’s in-venue food and beverage sales and certain venue signage agreements. Reimbursements under Arena License Arrangements Fees recognized by the Company under the Arena License Agreements with MSG Sports for use of The Garden are reported as operating lease revenues in accordance with ASC Topic 842. In addition, the Company records credits to direct operating expenses as a reimbursement under the Arena License Agreements. Cost reimbursement from MSG Sports Per the Services Agreement with MSG Sports, the Company’s corporate overhead expenses that are charged to MSG Sports are primarily related to centralized functions, including information technology, security, accounts payable, payroll, tax, legal, human resources, insurance and risk management, investor relations, corporate communications, benefit plan administration and reporting, and internal audit. Corporate allocations to Sphere Entertainment As part of the MSGE Spinco Distribution, certain corporate and operational support functions were transferred to the Company and therefore, charges were reflected in order to properly burden all business units comprising Sphere Entertainment’s historical operations. Allocations of corporate overhead and shared services expense to Sphere Entertainment from the Company were recorded for corporate and operational functions based on direct usage when identifiable, with the remainder allocated on a pro rata basis of combined assets, headcount or other measures of the Company or Sphere Entertainment, which is recorded as a reduction of either direct operating expenses or selling, general and administrative expense. The aforementioned allocations for certain support functions that are provided on a centralized basis and not historically recorded at the business unit level by Sphere Entertainment related to departments such as executive management, finance, legal, human resources, government affairs, and information technology, among others. In addition, corporate allocations to Sphere Entertainment include charges to MSG Networks under the services agreement with MSG Networks. Other operating expenses, net The Company and its related parties enter into transactions with each other in the ordinary course of business. Amounts charged to the Company for other transactions with its related parties are net of amounts charged by the Company to the Knickerbocker Group, LLC, an entity owned by James L. Dolan, the Executive Chairman, Chief Executive Officer and a director of the Company, for office space and the cost of certain technology services. In addition, other operating expenses primarily include net charges relating to (i) reciprocal aircraft arrangements between the Company and each of Q2C and CFD, (ii) 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 reciprocal aircraft arrangement between the Company and Q2C and the related aircraft support services arrangement between them was no longer effective as of December 21, 2021. Loans Receivable from Sphere Entertainment The Company’s captive insurance entity, Eden Insurance Company, Inc. (“Eden”), entered into a loan agreement with Sphere Entertainment (the “Eden Loan Agreement”), under which Eden granted Sphere Entertainment an unsecured loan bearing interest at a rate of LIBOR plus 350 basis points with a principal amount not exceeding $60,000. This loan is in the form of a demand promissory note, payable immediately upon order from Eden. As of March 31, 2023 and June 30, 2022, Eden had an outstanding loan receivable from Sphere Entertainment of $53,634 and $56,060, respectively, inclusive of accrued interest. During the three and nine months ended March 31, 2023 and 2022, Eden declared dividends to Sphere Entertainment through a reduction of the loan receivable from Sphere Entertainment. During the three and nine months ended March 31, 2023 and 2022, no interest or principal payments were received by Eden and instead the accrued but unpaid interest was added to the outstanding principal amount of the loan. The cash flows related to this loan receivable are reflected as investing activities, as these balances represent amounts loaned by the Company to Sphere Entertainment. The Company recorded related party interest income of $1,121 and $2,925 related to the Eden Loan Agreement during the three and nine months ended March 31, 2023, respectively. The Company recorded related party interest income of $352 and $1,413 related to the Eden Loan Agreement during the three and nine months ended March 31, 2022, respectively. The loan payable to the Company held by Sphere Entertainment under the Eden Loan Agreement was assigned by Sphere Entertainment to the Company in connection with the MSGE Spinco Distribution, and will be eliminated in consolidation by the Company for periods subsequent to the MSGE Spinco Distribution. On May 23, 2019, the Company entered into a subordinated credit agreement with TAO Group Sub-Holdings, LLC (“TAOG Sub-Holdings”), a wholly-owned subsidiary of Sphere Entertainment (the “TAO Subordinated Credit Agreement”), under which the Company granted TAOG Sub-Holdings a $49,000 subordinated loan. This loan had a maturity date of August 22, 2024. On June 15, 2020, the TAO Subordinated Credit Agreement was amended to provide an additional $22,000 of borrowing capacity and subsequently, the Company provided additional proceeds of $19,000 under the TAO Subordinated Credit Agreement. There are no mandatory repayments of principal until the maturity date. Subject to customary notice and minimum amount conditions, TAOG Sub-Holdings can voluntarily prepay outstanding loans under the TAO Subordinated Credit Agreement at any time, in whole or in part, without premium or penalty. Interest is due monthly in cash or paid-in-kind based on the terms of the TAO Senior Credit Agreement. On June 9, 2022, Sphere Entertainment paid the full outstanding principal amount of this TAO Subordinated Credit Agreement. The Company recorded related party interest income of $1,105 and $3,506 related to the TAO Subordinated Credit Agreement during the three and nine months ended March 31, 2022, respectively. Cash Management Sphere Entertainment uses a centralized approach to cash management and financing of operations. The Company’s and Sphere Entertainment’s other subsidiaries’ cash was available for use and was regularly “swept” historically. Cash and cash equivalents were attributed to the Company for each of the periods presented, as such cash was held in accounts legally owned by the Company. Transfers of cash both to and from Sphere Entertainment were included as components of Sphere Entertainment’s Investment on the condensed combined statements of divisional equity (deficit). The main components of the net transfers to Sphere Entertainment are cash pooling/general financing activities, various expense allocations to/from Sphere Entertainment, and receivables/payables from/to Sphere Entertainment deemed to be effectively settled upon the distribution of the Company by Sphere Entertainment. Sphere Entertainment Investment Certain significant balances and transactions among the Company and Sphere Entertainment and its subsidiaries, which include allocations of corporate general and administrative expenses, share-based compensation expense and other historical intercompany activities, are recorded as components of divisional equity (deficit), except for the transactions noted above related to historically cash-settled loans between the Company and Sphere Entertainment. The changes in Sphere Entertainment Investment also include financing activities for capital transfers, cash sweeps, and other treasury services. As part of this activity, cash balances are swept to Sphere Entertainment regularly as part of the Sphere Entertainment cash management policy.

Additional Financial Informatio

Additional Financial Information	9 Months Ended
	Mar. 31, 2023
Additional Financial Information [Abstract]
Additional Financial Information	Additional Financial Information The following table provides a summary of the amounts recorded as cash, cash equivalents, and restricted cash: March 31, 2023 June 30, 2022 Cash and cash equivalents $ 122,731 $ 58,102 Restricted cash 250 4,471 Total cash, cash equivalents and restricted cash $ 122,981 $ 62,573 The Company’s cash, cash equivalents and restricted cash are classified within Level I of the fair value hierarchy as it is valued using observable inputs that reflect quoted prices for identical assets in active markets. The Company’s restricted cash includes cash deposited in escrow accounts. The Company has deposited cash in an interest-bearing escrow account related to credit support, debt facilities, and collateral to workers compensation and general liability insurance obligations. Prepaid expenses and other current assets consisted of the following: March 31, 2023 June 30, 2022 Prepaid expenses $ 56,927 $ 65,065 Current contract assets 7,548 5,503 Inventory (a) 3,231 2,752 Notes and other receivables 797 322 Other 5,786 5,799 Total prepaid expenses and other current assets $ 74,289 $ 79,441 _________________ (a) Inventory is mostly comprised of food and liquor for venues. Accounts payable, accrued and other current liabilities consisted of the following: March 31, 2023 June 30, 2022 Accounts payable $ 18,712 $ 11,241 Accrued payroll and employee related liabilities 54,950 88,501 Cash due to promoters 84,975 78,428 Accrued expenses 41,159 43,791 Total accounts payable, accrued and other current liabilities $ 199,796 $ 221,961 Other income (expense), net includes the following: Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Gains from shares sold — DraftKings $ 214 $ — $ 1,703 $ — Net unrealized loss on equity investments with readily determinable fair value 7,510 (8,688) 4,307 (28,303) Other 346 193 774 561 Total other income (expense), net $ 8,070 $ (8,495) $ 6,784 $ (27,742) Income Taxes During the nine months ended March 31, 2023 and 2022, the Company received income tax refunds, net of payments, of $2,031 and $10,281, respectively.

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company licenses Suite Sixteen to TAO Group Hospitality, a former related party and subsidiary of Sphere Entertainment, in exchange for license fee payments. On May 3, 2023, TAO Group Hospitality was sold by Sphere Entertainment and the lounge license agreement was extended for an additional four years through September 2028. On April 20, 2023, Sphere Entertainment distributed approximately 67% of the outstanding common stock of the Company, to its stockholders in the form of Class A Common Stock, with Sphere Entertainment retaining approximately 33% of the outstanding common stock of the Company immediately following the MSGE Spinco Distribution. See Note 1. Description of Business and Basis of Presentation for more information regarding the MSGE Spinco Distribution. On April 20, 2023, a subsidiary of the Company, MSG Entertainment Holdings, entered into a delayed draw term loan facility with Sphere Entertainment. Pursuant to the DDTL Facility, MSG Entertainment Holdings has committed to lend up to $65,000 in delayed draw term loans to Sphere Entertainment on an unsecured basis until October 20, 2024. As of the date of this filing, Sphere Entertainment has not yet drawn upon the DDTL Facility. See Note 9. Commitments and Contingencies for more information regarding the DDTL Facility. On April 20, 2023, Sphere Entertainment transferred the interest bearing unsecured loan under the Eden Loan Agreement to the Company. See Note 15. Related Party Transactions for more information regarding the Eden Loan Agreement. On April 18, 2023, in connection with the MSGE Spinco Distribution, the National Properties Credit Agreement was amended to change the parent guarantor from Sphere Entertainment Group to MSG Entertainment Holdings, the direct parent of MSG National Properties. See Note 10. Credit Facilities for more information regarding the change in the National Properties Credit Agreement parent guarantor.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Principles of Combination	Principles of Combination All significant intracompany transactions and balances within the Company’s condensed combined businesses have been eliminated. Certain historical intercompany transactions between Sphere Entertainment and the Company have been included as components of Sphere Entertainment investment in the condensed combined financial statements, as they are considered effectively settled upon effectiveness of the MSGE Spinco Distribution and were not historically settled in cash. Certain other historical intercompany transactions between Sphere Entertainment and the Company have been classified as related party, rather than intercompany, in the condensed combined financial statements as they were historically settled in cash. Expenses related to corporate allocations from the Company to Sphere Entertainment prior to the MSGE Spinco Distribution, are considered to be effectively settled in the condensed combined financial statements at the time the transaction is recorded, with the offset recorded against Sphere Entertainment investment. See Note 15. Related Party Transactions, for further information on related party arrangements. The Company disposed of its controlling interest in Boston Calling Events, LLC (“BCE”) on December 2, 2022 and these condensed combined financial statements reflect the results of operations of BCE until its disposition. See Note 3. Dispositions, for details regarding the disposal.
Use of Estimates	Use of Estimates The preparation of the accompanying condensed combined financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. Such estimates include the provision for credit losses, 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, performance and share-based compensation, depreciation and amortization, litigation matters and other matters. Management believes its use of estimates in the financial statements to be reasonable. Management evaluates its estimates on an ongoing basis using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements Recently Issued Accounting Pronouncements No recently issued accounting pronouncements are expected to materially impact the Company's financial statements. Recently Adopted Accounting Pronouncements In October 2021 , the FASB issued Accounting Standards Update (“ ASU ”) No. 2021-08, Accounting for Contract Assets and Contract Liabilities From Contracts With Customers . This ASU requires that the acquiring entity in a business combination recognize and measure contract assets and contract liabilities acquired in accordance with ASC Topic 606. This standard was adopted by the Company in the first quarter of Fiscal Year 2023. The adoption of this standard had no impact on the Company’s condensed combined financial statements.
Significant Accounting Poicies	Significant Accounting Policies The following is an update to the Company’s Summary of Significant Accounting Policies disclosed in the Company’s Audited Combined Annual Financial Statements: Earnings (Loss) Per Common Share Basic earnings (loss) per common share (“EPS”) is based upon net income (loss) available to common stockholders divided by the weighted-average number of common shares outstanding during the period. On the MSGE Spinco Distribution Date, 51,768 common shares of the Company, inclusive of 17,021 common shares related to the MSGE Retained Interest, were outstanding as of April 20, 2023. This share amount is being utilized for the calculation of basic earnings (loss) per share for both the three and nine months ended March 31, 2023 and 2022 because the Company was not a standalone public company prior to the MSGE Spinco Distribution. In addition, the computation of diluted earnings per share equals the basic earnings (loss) per common share calculation since there was no stock trading information available to compute dilutive effect of shares issuable under share-based compensation plans needed under the treasury method in accordance with ASC Topic 260, Earnings Per Share .
Revenue, Remaining Performance Obligation	In developing the estimated revenue, the Company applies the allowable practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables disaggregate the Company’s revenue by major source based upon the timing of transfer of goods or services to the customer for the three and nine months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 2022 Event-related and entertainment offerings (a) $ 102,314 $ 90,899 Sponsorship, signage and suite licenses (b) 59,724 55,609 Other (c) 7,174 16,994 Total revenues from contracts with customers 169,212 163,502 Revenues from Arena License Agreements, leases and subleases 32,017 30,486 Total revenues $ 201,229 $ 193,988 Nine Months Ended March 31, 2023 2022 Event-related and entertainment offerings (a) $ 443,992 $ 268,391 Sponsorship, signage and suite licenses (b) 167,113 113,565 Other (c) 25,637 31,881 Total revenues from contracts with customers 636,742 413,837 Revenues from Arena License Agreements, leases and subleases 66,819 61,313 Total revenues $ 703,561 $ 475,150 ___________ (a) Event-related and entertainment offerings revenues are recognized at a point in time. (b) See Note 2. Summary of Significant Accounting Policies and Note 4. Revenue Recognition, included in the Company’s Audited Combined Annual Financial Statements for further details on the pattern of recognition of sponsorship, signage, and suite license revenues. (c) Primarily consists of (i) revenues from sponsorship sales and representation agreements with Madison Square Garden Sports Corp. (“MSG Sports”) and (ii) advertising commission revenues recognized under the Networks Advertising Sales Representation Agreement. The Networks Advertising Sales Representation Agreement was terminated as of December 31, 2022, as discussed in Note 1. Description of Business. In addition to the disaggregation of the Company’s revenue by major source based upon the timing of transfer of goods or services to the customer disclosed above, the following tables disaggregate the Company’s 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 the three and nine months ended March 31, 2023 and 2022. Three Months Ended March 31, 2023 2022 Ticketing and venue license fee revenues (a) $ 45,547 $ 46,867 Sponsorship and signage, suite, and advertising commission revenues (b) 78,504 79,631 Food, beverage and merchandise revenues 43,021 36,344 Other 2,140 660 Total revenues from contracts with customers 169,212 163,502 Revenues from Arena License Agreements, leases and subleases 32,017 30,486 Total revenues $ 201,229 $ 193,988 Nine Months Ended March 31, 2023 2022 Ticketing and venue license fee revenues (a) $ 291,404 $ 172,844 Sponsorship and signage, suite, and advertising commission revenues (b) 215,812 161,046 Food, beverage and merchandise revenues 124,711 78,032 Other 4,815 1,915 Total revenues from contracts with customers 636,742 413,837 Revenues from Arena License Agreements, leases and subleases 66,819 61,313 Total revenues $ 703,561 $ 475,150 _________________ (a) Amounts include ticket sales, including other ticket-related revenue, and venue license fees from the Company’s events such as (i) concerts, (ii) the presentation of the Christmas Spectacular and (iii) other live entertainment and sporting events. (b) Amounts include (i) revenues from sponsorship sales and representation agreements with MSG Sports and (ii) advertising commission revenues recognized under the Networks Advertising Sales Representation Agreement. The Networks Advertising Sales Representation Agreement was terminated as of December 31, 2022, as discussed in Note 1. Description of Business.
Contract with Customer, Contract Assets and Liabilities	The following table provides information about contract balances from the Company’s contracts with customers as of March 31, 2023 and June 30, 2022: March 31, June 30, 2023 2022 Receivables from contracts with customers, net (a) $ 139,719 $ 106,664 Contract assets, current (b) $ 7,548 $ 5,503 Deferred revenue, including non-current portion (c) $ 258,347 $ 203,256 ________________ (a) Receivables from contracts with customers, net, which are reported in Accounts receivable, net and Related party receivables, current in the Company’s condensed combined balance sheets, represent the Company’s unconditional rights to consideration under its contracts with customers. As of March 31, 2023 and June 30, 2022, the Company’s receivables from contracts with customers above included $9,077 and $4,163, respectively, related to various related parties. See Note 15. Related Party Transactions for further details on related party arrangements. (b) Contract assets, current, which are reported as Prepaid expenses and other current assets in the Company’s condensed combined balance sheets, primarily relate to the Company’s rights to consideration for goods or services transferred to customers, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional. (c) Deferred revenue primarily relates to the Company’s receipt of consideration from customers in advance of the Company’s transfer of goods or services to the customers. Deferred revenue is reduced and the related revenue is recognized once the underlying goods or services are transferred to a customer. Revenue recognized for the three and nine months ended March 31, 2023 relating to the deferred revenue balance as of June 30,2022 was $21,196 and $175,326, respectively.

Equity Investments With Readi_2

Equity Investments With Readily Determinable Fair Values (Tables)	9 Months Ended
	Mar. 31, 2023
Investments in and Advances to Affiliates [Abstract]
Equity Securities With Readily Determinable Fair Value	The carrying fair value of these investments, which are reported under Other non-current assets in the accompanying condensed combined balance sheets as of March 31, 2023 and June 30, 2022, are as follows: March 31, 2023 June 30, 2022 Townsquare Class A common stock $ 4,665 $ 4,776 Townsquare Class C common stock 21,000 21,499 DraftKings common stock 12,397 10,146 Total Equity Investments with Readily Determinable Fair Value $ 38,062 $ 36,421
Gain (Loss) on Securities	The following table summarizes the realized and unrealized (loss) gain on equity investments with readily determinable fair value, which is reported in Other income (expenses), net for the three and nine months ended March 31, 2023 and 2022: Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Unrealized gain (loss) — Townsquare $ 2,406 $ (1,732) $ (609) $ 129 Unrealized gain (loss) — DraftKings 5,104 (6,956) 4,916 (28,432) Gain from shares sold — DraftKings 214 — 1,703 — Total realized and unrealized gain (loss) $ 7,724 $ (8,688) $ 6,010 $ (28,303) Supplemental information on realized gain: Shares of common stock sold — DraftKings 29 — 229 — Cash proceeds from common stock sold — DraftKings $ 550 $ — $ 4,369 $ —

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	As of March 31, 2023 and June 30, 2022, property and equipment, net consisted of the following: March 31, June 30, 2023 2022 Land $ 62,768 $ 62,768 Buildings 998,231 995,965 Equipment 334,555 323,741 Aircraft (a) — 38,090 Furniture and fixtures 29,308 28,976 Leasehold improvements 105,877 105,877 Construction in progress 1,240 3,139 Total Property and equipment $ 1,531,979 $ 1,558,556 Less: accumulated depreciation and amortization (a) (894,335) (862,477) Property and equipment, net $ 637,644 $ 696,079 ________________ (a) On December 30, 2022, the Company completed the disposition of a corporate aircraft (see Note 3. Dispositions), which resulted in a reduction of gross assets of $38,090 and related accumulated depreciation of $13,689.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The Company’s indefinite-lived intangible assets as of March 31, 2023 and June 30, 2022 were as follows: March 31, June 30, 2023 2022 Trademarks $ 61,881 $ 61,881 Photographic related rights 1,920 1,920 Total indefinite-lived intangible assets $ 63,801 $ 63,801
Schedule of Finite-Lived Intangible Assets	The Company’s intangible assets subject to amortization are as follows: March 31, 2023 Gross Accumulated Amortization Net Other intangibles (b) $ 4,217 $ (4,217) $ — Total amortizable intangible assets $ 4,217 $ (4,217) $ — June 30, 2022 Gross Accumulated Amortization Net Trade names (a) $ 2,530 $ (2,169) $ 361 Festival rights (a) 8,080 (6,926) 1,154 Other intangibles 4,217 (4,094) 123 Total amortizable intangible assets $ 14,827 $ (13,189) $ 1,638 ________________ (a) On December 2, 2022, the Company completed the BCE Disposition (see Note 3. Dispositions) which resulted in a reduction of gross assets and accumulated amortization related to festival rights and trade names, associated with the BCE Disposition. (b) The Other intangibles were fully amortized.

Credit Facilities (Tables)

Credit Facilities (Tables)	9 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	The following table summarizes the outstanding balances under the Company’s credit facilities as of March 31, 2023 and June 30, 2022: March 31, June 30, 2022 Principal Current Portion National Properties Term Loan Facility $ 16,250 $ 8,125 Other debt — 637 Current portion of long-term debt $ 16,250 $ 8,762 March 31, 2023 June 30, 2022 Principal Unamortized Deferred Financing Costs Net Principal Unamortized Deferred Financing Costs Net Non-current Portion National Properties Term Loan Facility $ 629,687 $ (13,644) $ 616,043 $ 641,875 $ (16,063) $ 625,812 National Properties Revolving Credit Facility 27,100 — 27,100 29,100 — 29,100 Other long-term loan 168 — 168 — — — Long-term debt, net of deferred financing costs $ 656,955 $ (13,644) $ 643,311 $ 670,975 $ (16,063) $ 654,912
Schedule of Cash Flow, Supplemental Disclosures	Interest payments and loan principal repayments made by the Company under the National Properties Credit Agreement were as follows: Interest Payments Loan Principal Repayments Nine Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 National Properties Term Loan Facility $ 35,283 $ 34,917 $ 6,063 $ 4,875 The carrying value and fair value of the Company’s financial instruments reported in the accompanying condensed combined balance sheets are as follows: March 31, 2023 June 30, 2022 Carrying Value (a) Fair Value Carrying Value (a) Fair Value Liabilities: National Properties Facilities $ 673,037 $ 666,307 $ 679,100 $ 679,100 Other debt 168 168 637 637 Total Long-term debt 673,205 666,475 679,737 679,737 ________________ (a) The total carrying value of the Company’s financial instruments as of March 31, 2023 and June 30, 2022 is equal to the current and non-current principal payments for the Company’s credit agreements excluding unamortized deferred financing costs of $13,644 and $16,063, respectively.

Pension Plans and Other Postr_2

Pension Plans and Other Postretirement Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following table presents components of net periodic benefit cost for the Pension Plans and Postretirement Plan included in the accompanying condensed combined statements of operations for the three and nine months ended March 31, 2023 and 2022. Service cost is recognized in direct operating expenses and selling, general and administrative expenses. All other components of net periodic benefit cost are reported in Other income (expense), net. Pension Plans Postretirement Plan Three Months Ended March 31, Three Months Ended March 31, 2023 2022 2023 2022 Service cost $ 30 $ 25 $ 8 $ 9 Interest cost 927 928 11 12 Expected return on plan assets (1,504) (1,504) — — Recognized actuarial loss 314 355 9 16 Net periodic (benefit) cost $ (233) $ (196) $ 28 $ 37 Pension Plans Postretirement Plan Nine Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Service cost $ 90 $ 75 $ 24 $ 27 Interest cost 2,781 2,784 33 36 Expected return on plan assets (4,512) (4,512) — — Recognized actuarial loss 1,036 1,066 27 48 Net periodic (benefit) cost $ (605) $ (587) $ 84 $ 111
Defined Contribution Plan Disclosures	For the three and nine months ended March 31, 2023 and 2022, expenses related to the Savings Plans and Union Savings Plan included in the accompanying condensed combined statements of operations are as follows: Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Savings Plans $ 1,367 $ 1,069 $ 3,553 $ 3,005 Union Savings Plan $ 371 $ 24 $ 409 $ 45

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	The following table summarizes the Company’s share-based compensation expense: Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Share-based compensation (a) $ 8,014 $ 10,401 $ 24,273 $ 31,480 Intrinsic value of awards vested $ — $ — $ 2,867 $ 2,422 ________________ (a) The balances shown includes $0 and $2,293 which was reclassified to Restructuring charges in the condensed consolidated statements of operations for the three and nine months ended March 31, 2023, respectively, and $1,612 for the three and nine months ended March 31, 2022, as detailed in Note 5. Restructuring Charges.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table details the components of accumulated other comprehensive loss: Pension Plans and Postretirement Plan Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Balance at beginning of period $ (34,129) $ (32,986) $ (34,740) $ (33,598) Other comprehensive income (loss): Amounts reclassified from accumulated other comprehensive loss (a) 323 371 1,063 1,114 Income tax expense (56) (65) (185) (196) Other comprehensive income (loss), net of income taxes 267 306 878 918 Balance at end of period $ (33,862) $ (32,680) $ (33,862) $ (32,680) ________________ (a) Amounts reclassified from accumulated other comprehensive loss represent the amortization of net actuarial loss and net unrecognized prior service credit included in net periodic benefit cost, which is reflected under Other income (expense), net in the accompanying condensed consolidated statements of operations (see Note 11. Pension Plans and Other Postretirement Benefit Plans).

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Mar. 31, 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 condensed combined statements of operations for the three and nine months ended March 31, 2023 and 2022: Three Months Ended March 31, Nine Months Ended 2023 2022 2023 2022 Revenues $ 41,594 $ 49,259 $ 96,805 $ 96,415 Operating expenses (credits): Revenue sharing expenses $ 7,353 $ 5,791 $ 15,639 $ 12,187 Reimbursement under Arena License Arrangements (8,911) (10,047) (18,761) (19,097) Cost reimbursement from MSG Sports (9,789) (9,159) (28,781) (28,888) Corporate allocations to Sphere Entertainment (40,794) (32,343) (114,761) (106,628) Other operating expenses, net 327 541 3,682 4,701 Total operating expenses (credits), net (a) $ (51,814) $ (45,217) $ (142,982) $ (137,725) ____________________ (a) Of the total operating expenses, net, $(804) and $(1,329) for the three and nine months ended March 31, 2023, respectively, and $(4,427) and $(7,458) for the three and nine months ended March 31, 2022, respectively, are included in direct operating expenses in the accompanying condensed combined statements of operations, and $(51,010) and $(141,653) for the three and nine months ended March 31, 2023, respectively, and $(40,790) and $(130,267) for the three and nine months ended March 31, 2022, respectively, are included in selling, general and administrative expenses.

Additional Financial Informat_2

Additional Financial Information (Tables)	9 Months Ended
	Mar. 31, 2023
Additional Financial Information [Abstract]
Schedule Of Cash, Cash Equivalents, And Restricted Cash	The following table provides a summary of the amounts recorded as cash, cash equivalents, and restricted cash: March 31, 2023 June 30, 2022 Cash and cash equivalents $ 122,731 $ 58,102 Restricted cash 250 4,471 Total cash, cash equivalents and restricted cash $ 122,981 $ 62,573
Schedule of Other Current Assets	Prepaid expenses and other current assets consisted of the following: March 31, 2023 June 30, 2022 Prepaid expenses $ 56,927 $ 65,065 Current contract assets 7,548 5,503 Inventory (a) 3,231 2,752 Notes and other receivables 797 322 Other 5,786 5,799 Total prepaid expenses and other current assets $ 74,289 $ 79,441 _________________ (a) Inventory is mostly comprised of food and liquor for venues.
Other Current Liabilities	Accounts payable, accrued and other current liabilities consisted of the following: March 31, 2023 June 30, 2022 Accounts payable $ 18,712 $ 11,241 Accrued payroll and employee related liabilities 54,950 88,501 Cash due to promoters 84,975 78,428 Accrued expenses 41,159 43,791 Total accounts payable, accrued and other current liabilities $ 199,796 $ 221,961
Schedule of Other Nonoperating Income (Expense)	Other income (expense), net includes the following: Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Gains from shares sold — DraftKings $ 214 $ — $ 1,703 $ — Net unrealized loss on equity investments with readily determinable fair value 7,510 (8,688) 4,307 (28,303) Other 346 193 774 561 Total other income (expense), net $ 8,070 $ (8,495) $ 6,784 $ (27,742)

Description of Business and B_2

Description of Business and Basis of Presentation (Details)			9 Months Ended
	Apr. 20, 2023 $ / shares shares	Apr. 14, 2023 shares	Mar. 31, 2023 segment
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of reportable segments | segment			1
Spinoff | Subsequent Event | Madison Square Garden Entertainment | Townsquare Class A common stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)	1
Common stock, par or stated value per share (in dollars per share) | $ / shares	$ 0.01
Spinoff | Subsequent Event | Madison Square Garden Entertainment | Common Class B
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares received for every one common stock shares held on record date (in shares)		1
Madison Square Garden Entertainment | Spinoff | Subsequent Event
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	33%
Madison Square Garden Entertainment | Spinoff | Subsequent Event | MSG Stockholders
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Noncontrolling interest, ownership percentage by parent	67%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - Subsequent Event	Apr. 20, 2023 shares
Sphere Entertainment Stockholders
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares of common stock sold - DraftKings (in shares)	51,768
MSGE Retained Interest
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares of common stock sold - DraftKings (in shares)	17,021

Dispositions (Details)

Dispositions (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - USD ($) $ in Thousands	Dec. 30, 2022	Dec. 02, 2022
BCE
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, not discontinued operation, gain (loss) on disposal		$ 8,744
The Aircraft
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, not discontinued operation, gain (loss) on disposal	$ 4,383
Consideration to be received for disposal	$ 20,375

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		$ 169,212	$ 163,502	$ 636,742	$ 413,837
Revenues from Arena License Agreements, leases and subleases		32,017	30,486	66,819	61,313
Revenues	[1]	201,229	193,988	703,561	475,150
Event-related and entertainment offerings | Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		102,314	90,899	443,992	268,391
Sponsorship, signage and suite licenses | Transferred over Time
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		59,724	55,609	167,113	113,565
Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		2,140	660	4,815	1,915
Other | Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		7,174	16,994	25,637	31,881
Ticketing and venue license fee revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		45,547	46,867	291,404	172,844
Sponsorship and signage, suite, and advertising commission revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		78,504	79,631	215,812	161,046
Food, beverage and merchandise revenues
Disaggregation of Revenue [Line Items]
Revenue from contract with customer		$ 43,021	$ 36,344	$ 124,711	$ 78,032
[1]See Note 15. Related Party Transactions, for further information on related party arrangements.

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2023	Jun. 30, 2022
Capitalized Contract Cost [Line Items]
Contract with customer, deferred revenue, revenue recognized	$ 21,196	$ 175,326
Receivables from contracts with customers, net
Capitalized Contract Cost [Line Items]
Contracts with customers, assets, net	139,719	139,719	$ 106,664
Contract assets, current
Capitalized Contract Cost [Line Items]
Contracts with customers, assets, net	7,548	7,548	5,503
Deferred revenue, including non-current portion
Capitalized Contract Cost [Line Items]
Deferred revenue, including non-current portion	258,347	258,347	203,256
Net related party receivables | Affiliated Entity
Capitalized Contract Cost [Line Items]
Contracts with customers, assets, net	$ 9,077	$ 9,077	$ 4,163

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 485,000
Revenue, remaining performance obligation, percentage	39%
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	41%
Revenue, remaining performance obligation, expected timing of satisfaction, period	2 years

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,461	$ 5,171	$ 9,820	$ 5,171
Restructuring Reserve	6,036		6,036		$ 3,210
Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0	$ 1,612	$ 2,293	$ 1,612

Equity Investments With Readi_3

Equity Investments With Readily Determinable Fair Values - Equity Securities With Readily Determinable Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Schedule of Investments [Line Items]
Equity investments with readily determinable fair value	$ 38,062	$ 36,421
Townsquare | Common Stock | Townsquare Class A common stock
Schedule of Investments [Line Items]
Equity investments with readily determinable fair value	4,665	4,776
Townsquare | Common Stock | Townsquare Class C common stock
Schedule of Investments [Line Items]
Equity investments with readily determinable fair value	21,000	21,499
Draftkings | Common Stock | Common Stock
Schedule of Investments [Line Items]
Equity investments with readily determinable fair value	$ 12,397	$ 10,146

Equity Investments With Readi_4

Equity Investments With Readily Determinable Fair Values - Schedule With Readily Determinable Fair Values (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Schedule of Investments [Line Items]
Total realized and unrealized gain (loss)	$ 7,724	$ (8,688)	$ 6,010	$ (28,303)
Supplemental information on realized gain:
Cash proceeds from common stock sold — DraftKings			4,244
Townsquare
Schedule of Investments [Line Items]
Unrealized (loss) gain	2,406	(1,732)	(609)	129
Draftkings
Schedule of Investments [Line Items]
Unrealized (loss) gain	5,104	(6,956)	4,916	(28,432)
Gains from shares sold — DraftKings	$ 214	$ 0	$ 1,703	$ 0
Supplemental information on realized gain:
Shares of common stock sold - DraftKings (in shares)	29	0	229	0
Cash proceeds from common stock sold — DraftKings	$ 550	$ 0	$ 4,369	$ 0

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Dec. 30, 2022	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Property and equipment		$ 1,531,979		$ 1,531,979		$ 1,558,556
Less accumulated depreciation and amortization		(894,335)		(894,335)		(862,477)
Property and equipment, net		637,644		637,644		696,079
Depreciation and amortization		14,798	$ 15,760	45,615	$ 48,425
Disposal Group, Disposed of by Sale, Not Discontinued Operations | The Aircraft
Property, Plant and Equipment [Line Items]
Disposal group, assets written off	$ 38,090
Disposal group, accumulated depreciation and amortization	$ 13,689
Land
Property, Plant and Equipment [Line Items]
Property and equipment		62,768		62,768		62,768
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment		998,231		998,231		995,965
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment		334,555		334,555		323,741
Aircraft
Property, Plant and Equipment [Line Items]
Property and equipment		0		0		38,090
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment		29,308		29,308		28,976
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment		105,877		105,877		105,877
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment		$ 1,240		$ 1,240		$ 3,139

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	$ 63,801	$ 63,801
Trademarks
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	61,881	61,881
Photographic related rights
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	$ 1,920	$ 1,920

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets Subject To Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Gross	$ 4,217	$ 14,827
Accumulated Amortization	(4,217)	(13,189)
Net	0	1,638
Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross		2,530
Accumulated Amortization		(2,169)
Net		361
Festival Rights
Finite-Lived Intangible Assets [Line Items]
Gross		8,080
Accumulated Amortization		(6,926)
Net		1,154
Other Intangibles
Finite-Lived Intangible Assets [Line Items]
Gross	4,217	4,217
Accumulated Amortization	(4,217)	(4,094)
Net	$ 0	$ 123

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 69,041		$ 69,041		$ 69,041
Amortization of intangible assets	$ 0	$ 247	$ 754	$ 741

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	Apr. 20, 2023 USD ($) d borrowing	Apr. 30, 2023	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)
Other Commitments [Line Items]
Contractual obligation			$ 6,478	$ 21,422
Subsequent Event
Other Commitments [Line Items]
Number Of Borrowings | borrowing	6
Line of credit facility, minimum borrowing amount	$ 5,000
Threshold trading days | d	20
Subsequent Event | Sphere Entertainment
Other Commitments [Line Items]
Loan agreement, related party	$ 65,000
Subsequent Event | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Other Commitments [Line Items]
Basis spread on variable rate		0.10%
Subsequent Event | Base Rate
Other Commitments [Line Items]
Basis spread on variable rate		1%

Credit Facilities - Debt Outsta

Credit Facilities - Debt Outstanding and Deferred Financing Costs (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Debt Instrument [Line Items]
Current portion of long-term debt	$ 16,250	$ 8,762
Principal	656,955	670,975
Unamortized Deferred Financing Costs	(13,644)	(16,063)
Net	643,311	654,912
Secured Debt | MSG National Properties LLC
Debt Instrument [Line Items]
Principal	629,687	641,875
Unamortized Deferred Financing Costs	(13,644)	(16,063)
Net	616,043	625,812
Revolving Credit Facility | MSG National Properties LLC
Debt Instrument [Line Items]
Principal	27,100	29,100
Unamortized Deferred Financing Costs	0	0
Net	27,100	29,100
Other Debt Obligations
Debt Instrument [Line Items]
Current portion of long-term debt	0	637
Principal	168	0
Unamortized Deferred Financing Costs	0	0
Net	168	0
MSG National Properties LLC | Secured Debt
Debt Instrument [Line Items]
Current portion of long-term debt	$ 16,250	$ 8,125

Credit Facilities - National Pr

Credit Facilities - National Properties Narrative (Details) $ in Thousands	Jun. 30, 2022 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Principal	$ 670,975	$ 656,955
MSG National Properties LLC
Debt Instrument [Line Items]
Debt covenant, minimum consolidated liquidity			$ 50,000
Minimum | Revolving Credit Facility | MSG National Properties LLC
Debt Instrument [Line Items]
Commitment fee percentage	0.30%
Maximum | Revolving Credit Facility | MSG National Properties LLC
Debt Instrument [Line Items]
Commitment fee percentage	0.50%
Revolving Credit Facility | MSG National Properties LLC
Debt Instrument [Line Items]
Principal	$ 29,100	27,100
Secured Debt | MSG National Properties LLC
Debt Instrument [Line Items]
Principal	$ 641,875	629,687
National Properties June2022 Senior Secured Term Loan Agreement | Loans Payable | MSG National Properties LLC
Debt Instrument [Line Items]
Debt instrument term	5 years
National Properties June2022 Senior Secured Term Loan Agreement | Senior Loans | MSG National Properties LLC
Debt Instrument [Line Items]
Face amount	$ 650
Principal		7,992
National Properties June2022 Senior Secured Term Loan Agreement | Revolving Credit Facility | MSG National Properties LLC
Debt Instrument [Line Items]
Debt instrument term	5 years
Face amount	$ 100
Principal		$ 64,908
National Properties Credit Agreement | MSG National Properties LLC
Debt Instrument [Line Items]
Long-term debt, percentage bearing variable interest rate, percentage rate		7.41%
National Properties Credit Agreement | Debt Instrument, Redemption, Period One | Measurement Input, Leverage Ratio | MSG National Properties LLC
Debt Instrument [Line Items]
Debt instrument, measurement input			2
National Properties Credit Agreement | Debt Instrument, Redemption, Period Two | Measurement Input, Leverage Ratio | MSG National Properties LLC
Debt Instrument [Line Items]
Debt instrument, measurement input			2.5
National Properties Credit Agreement | Debt Instrument, Redemption, Period Four | Measurement Input, Leverage Ratio | MSG National Properties LLC
Debt Instrument [Line Items]
Debt instrument, measurement input			5.5
National Properties Credit Agreement | Debt Instrument, Redemption, Period Three | Measurement Input, Leverage Ratio | MSG National Properties LLC
Debt Instrument [Line Items]
Debt instrument, measurement input			6
National Properties Credit Agreement | Debt Instrument, Redemption, Period Five | Measurement Input, Leverage Ratio | MSG National Properties LLC
Debt Instrument [Line Items]
Debt instrument, measurement input			4.5
National Properties Credit Agreement | Minimum | Base Rate | MSG National Properties LLC
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
National Properties Credit Agreement | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | MSG National Properties LLC
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
National Properties Credit Agreement | Maximum | Base Rate | MSG National Properties LLC
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
National Properties Credit Agreement | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | MSG National Properties LLC
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
National Properties Credit Agreement | Secured Debt | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Prepayment premium, debt instrument, interest rate, stated percentage		2.50%
Prepayment premium, debt instrument, interest rate per quarter, stated percentage		0.625%
National Properties Credit Agreement | Secured Debt | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Prepayment premium, debt instrument, interest rate, stated percentage		5%
Prepayment premium, debt instrument, interest rate per quarter, stated percentage		1.25%

Credit Facilities - Schedule of

Credit Facilities - Schedule of Credit Facilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Debt Instrument [Line Items]
Total long-term debt, carrying value	$ 673,205		$ 679,737
Total long-term debt, fair value	666,475		679,737
Secured Debt
Debt Instrument [Line Items]
Unamortized deferred financing costs	13,644		16,063
National Properties Nov2020 Senior Secured Term Loan Agreement | MSG National Properties LLC
Debt Instrument [Line Items]
Interest Payments	35,283	$ 34,917
Loan Principal Repayments	6,063	$ 4,875
National Properties Nov2020 Senior Secured Term Loan Agreement | Debt
Debt Instrument [Line Items]
Carrying Value (a)	673,037		679,100
Fair Value	666,307		679,100
Other Debt Obligations | Debt
Debt Instrument [Line Items]
Carrying Value (a)	168		637
Fair Value	$ 168		$ 637

Pension Plans and Other Postr_3

Pension Plans and Other Postretirement Benefit Plans - Schedule of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 30	$ 25	$ 90	$ 75
Interest cost	927	928	2,781	2,784
Expected return on plan assets	(1,504)	(1,504)	(4,512)	(4,512)
Recognized actuarial loss	314	355	1,036	1,066
Net periodic (benefit) cost	(233)	(196)	(605)	(587)
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	8	9	24	27
Interest cost	11	12	33	36
Expected return on plan assets	0	0	0	0
Recognized actuarial loss	9	16	27	48
Net periodic (benefit) cost	$ 28	$ 37	$ 84	$ 111

Pension Plans and Other Postr_4

Pension Plans and Other Postretirement Benefit Plans - Schedule of Defined Contribution Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Savings Plans
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan (benefit) cost	$ 1,367	$ 1,069	$ 3,553	$ 3,005
Union Savings Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan (benefit) cost	$ 371	$ 24	$ 409	$ 45

Pension Plans and Other Postr_5

Pension Plans and Other Postretirement Benefit Plans - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
Retirement Benefits [Abstract]
Defined benefit plan, plan assets, contributions by employer	$ 0	$ 0

Share-based Compensation - Rest

Share-based Compensation - Restricted Stock Units Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restructuring charges	$ 2,461	$ 5,171	$ 9,820	$ 5,171
Employee Severance
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restructuring charges	0	1,612	2,293	1,612
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation	8,014	10,401	24,273	31,480
Intrinsic value of awards vested	$ 0	$ 0	$ 2,867	$ 2,422

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards granted (in shares)	66	59
Awards vested (in shares)	40	22
Performance Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards granted (in shares)	60	55
Awards vested (in shares)	11	8
Employee | Performance Stock Units and Restricted Stock Units | The Madison Square Garden Company
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation cost	$ 6,401
Period for recognition	1 year 7 months 24 days

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - 2023 Share Repurchase Program - Townsquare Class A common stock - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 29, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock repurchase program, authorized amount		$ 250,000
Stock repurchased during period (in shares)	0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	$ 98,889	$ 327,432	$ (1,589)	$ 498,652
Balance at the end of the period	43,503	320,505	43,503	320,505
Pension Plans and Postretirement Plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at the beginning of the period	(34,129)	(32,986)	(34,740)	(33,598)
Amounts reclassified from accumulated other comprehensive loss	323	371	1,063	1,114
Income tax expense	(56)	(65)	(185)	(196)
Other comprehensive income (loss), net of income taxes	267	306	878	918
Balance at the end of the period	$ (33,862)	$ (32,680)	$ (33,862)	$ (32,680)

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($) $ in Thousands				3 Months Ended		9 Months Ended
	Apr. 20, 2023	Mar. 31, 2023	Jun. 15, 2020	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022	May 23, 2019
Related Party Transaction [Line Items]
Common stock exercisable term						60 days
Aggregate voting power held by related party		72.40%		72.40%		72.40%
Revenues from related parties				$ 41,594	$ 49,259	$ 96,805	$ 96,415
Sphere Entertainment | Subsequent Event
Related Party Transaction [Line Items]
Common stock outstanding, distributed	67%
Common stock outstanding, owned	33%
605 LLC
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by parent		50%		50%		50%
605 LLC
Related Party Transaction [Line Items]
Related party transaction agreement, aggregate amount		$ 1		$ 1		$ 1
Related party agreement, term						3 years
Related party transaction, subsidiary agreement amount						$ 750
Related party expense				$ 68		$ 204
Related party costs and expenses		$ 68
BCE
Related Party Transaction [Line Items]
Notes payable, related parties								$ 637
Common Class A
Related Party Transaction [Line Items]
Percentage of common stock owned by related party		5.50%		5.50%		5.50%
Common Class A | Sphere Entertainment | Subsequent Event
Related Party Transaction [Line Items]
Common stock conversion (in shares)	1
Common Class B
Related Party Transaction [Line Items]
Percentage of common stock owned by related party		100%		100%		100%
Common Class B | Sphere Entertainment | Subsequent Event
Related Party Transaction [Line Items]
Common stock conversion (in shares)	1
MSG Sports
Related Party Transaction [Line Items]
Notes payable, related parties		$ 168		$ 168		$ 168
Sphere Entertainment
Related Party Transaction [Line Items]
Interest income, related party				1,121	352	2,925	1,413
Sphere Entertainment | Subsequent Event
Related Party Transaction [Line Items]
Loan agreement, related party	$ 65,000
Sphere Entertainment | Eden Insurance Company, Inc.
Related Party Transaction [Line Items]
Loan receivable, related parties		53,634		53,634		53,634		$ 56,060
Notes receivable, maximum lending capacity		$ 60		$ 60		$ 60
Sphere Entertainment | Eden Insurance Company, Inc. | London Interbank Offered Rate (LIBOR)
Related Party Transaction [Line Items]
Basis spread on variable rate		3.50%		3.50%		3.50%
Knicks and Rangers | The Garden
Related Party Transaction [Line Items]
Operating lease, lease income				$ 31,163	29,616	$ 64,312	58,797
Madison Square Garden Sports Corp. Investment | Sponsorship Sales And Service Representation Agreements
Related Party Transaction [Line Items]
Revenues from related parties				7,079	7,027	15,643	14,206
Madison Square Garden Sports Corp. Investment | Merchandise Sales Revenue Sharing Arrangement
Related Party Transaction [Line Items]
Revenues from related parties				2,160	1,548	4,451	3,000
Madison Square Garden Sports Corp. Investment | Advertising Sales Representation
Related Party Transaction [Line Items]
Revenues from related parties				0	9,621	8,802	17,015
Other Related Parties
Related Party Transaction [Line Items]
Sublease income				$ 716	736	$ 2,100	1,958
TAOG Sub-Holdings
Related Party Transaction [Line Items]
Loan receivable, related parties									$ 49,000
Interest income, related party					$ 1,105		$ 3,506
Notes receivable, additional borrowings, related parties			$ 22,000
Notes receivable proceeds			$ 19,000

Related Party Transactions (Tra

Related Party Transactions (Transactions by Type) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Related Party Transaction [Line Items]
Revenues		$ 41,594	$ 49,259	$ 96,805	$ 96,415
Operating expenses (credits):
Total operating expenses, net		(51,814)	(45,217)	(142,982)	(137,725)
Selling, general and administrative expenses (a)	[1]	(44,122)	(47,027)	(127,537)	(128,725)
Operating Expense
Operating expenses (credits):
Related party expense		(804)	(4,427)	(1,329)	(7,458)
Selling, General and Administrative Expenses
Operating expenses (credits):
Selling, general and administrative expenses (a)		(51,010)	(40,790)	(141,653)	(130,267)
Madison Square Garden Sports | Revenue sharing expenses
Operating expenses (credits):
Related party costs and expenses		7,353	5,791	15,639	12,187
Madison Square Garden Sports | Reimbursement under Arena License Arrangements
Operating expenses (credits):
Related party costs and expenses		8,911	10,047	18,761	19,097
Madison Square Garden Sports | Cost reimbursement from MSG Sports
Operating expenses (credits):
Related party costs and expenses		9,789	9,159	28,781	28,888
Sphere Entertainment | Corporate allocations to Sphere Entertainment
Operating expenses (credits):
Related party costs and expenses		40,794	32,343	114,761	106,628
Other Related Parties | Other operating expenses, net
Operating expenses (credits):
Related party costs and expenses		$ 327	$ 541	$ 3,682	$ 4,701
[1]See Note 15. Related Party Transactions, for further information on related party arrangements.

Additional Financial Informat_3

Additional Financial Information (Schedule of Cash, Cash Equivalents, and Restricted Cash) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021
Cash and Cash Equivalents [Line Items]
Total cash, cash equivalents and restricted cash	$ 122,981	$ 62,573	$ 215,312	$ 318,069
Continuing Operations
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	122,731	58,102
Restricted cash	250	4,471
Total cash, cash equivalents and restricted cash	$ 122,981	$ 62,573

Additional Financial Informat_4

Additional Financial Information (Schedule of Current Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Additional Financial Information [Abstract]
Prepaid expenses	$ 56,927	$ 65,065
Current contract assets	7,548	5,503
Inventory	3,231	2,752
Notes and other receivables	797	322
Other	5,786	5,799
Total prepaid expenses and other current assets	$ 74,289	$ 79,441

Additional Financial Informat_5

Additional Financial Information (Schedule of Current Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Additional Financial Information [Abstract]
Accounts payable	$ 18,712	$ 11,241
Accrued payroll and employee related liabilities	54,950	88,501
Cash due to promoters	84,975	78,428
Accrued expenses	41,159	43,791
Total accounts payable, accrued and other current liabilities	$ 199,796	$ 221,961

Additional Financial Informat_6

Additional Financial Information (Schedule of Other Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Compensating Balances [Line Items]
Net unrealized loss on equity investments with readily determinable fair value	$ 7,510	$ (8,688)	$ 4,307	$ (28,303)
Other	346	193	774	561
Total other income (expense), net	8,070	(8,495)	6,784	(27,742)
Draftkings
Compensating Balances [Line Items]
Gains from shares sold — DraftKings	$ 214	$ 0	$ 1,703	$ 0

Additional Financial Informat_7

Additional Financial Information - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash and Cash Equivalents [Abstract]
Income tax refunds, net of payments	$ 2,031	$ 10,281

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - USD ($) $ in Thousands	May 03, 2023	Apr. 20, 2023
Sphere Entertainment
Subsequent Event [Line Items]
Loan agreement, related party		$ 65,000
TAO Group Hospitality
Subsequent Event [Line Items]
License agreement, term, extension period	4 years
Madison Square Garden Entertainment | Spinoff
Subsequent Event [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners		33%
Madison Square Garden Entertainment | Spinoff | MSG Stockholders
Subsequent Event [Line Items]
Noncontrolling interest, ownership percentage by parent		67%