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Madison Square Garden Company may split
By Andy Malt | Published on Wednesday 29 October 2014
The Madison Square Garden Company has announced that it may spin off its music and live entertainment business. This would mean two publicly traded companies would operate, the other housing the firm’s media and sport divisions.
Speaking to Billboard, MSG CEO Tad Smith said: “The [entertainment] company would capitalise on significant opportunities to grow rapidly within the changing entertainment landscape. The [other unit] would enjoy steady growth and high cash flow that we expect will result in capital returns to shareholders”.
I know, too sexy right? There’s apparently no plan in place for any of this actually happen at the moment, but it’s been under consideration since July, Billboard reports.
