ADDED
The Company was originally incorporated in Delaware on March 4, 2015 as an indirect, wholly-owned subsidiary of MSG Networks Inc.
On June 10, 2025, the Company completed its conversion from a corporation organized under the laws of the State of Delaware to a corporation organized under the laws of the State of Nevada.
In this Annual Report on Form 10-K, the years ended on June 30, 2025, 2024 and 2023 are referred to as fiscal year 2025 , fiscal year 2024 , and fiscal year 2023 , respectively.
Our Strategy Our strategy is to leverage the strength and popularity of our professional sports franchises and our unique position in the nation s largest media market to grow our business and increase the long-term value of our sports assets.
The NHL s agreement with Rogers Communications (Canada) was set to expire following the 2025-26 season, but in April 2025, the NHL and Rogers Communications entered into a new 12-year media rights agreement beginning with the 2026-27 season.
In addition, the Company receives fees related to local media rights.
In June 2025, those respective agreements were amended in connection with the restructuring of the debt of subsidiaries of MSG Networks (see Note 3 to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for more information) and are now set to expire at the end of the 2028-29 seasons.
MSG Networks makes this content available to our fans on its regional sports networks, MSG Network and MSG Sportsnet, and through its direct to consumer and authenticated streaming offering, MSG+ (which is now included in the Gotham Sports streaming product).
This integrated approach to marketing partnerships which delivers unrivaled sports, entertainment and media exposure in the New York market has already attracted world-class partners such as JPMorgan Chase, Anheuser-Busch, Experience Abu Dhabi, Caesars Sportsbook, Delta Air Lines, Lenovo and its subsidiary Motorola, Dunkin Donuts, Benjamin Moore, Lexus, PepsiCo, Spectrum, Ticketmaster, MSC Cruises and Verizon, among others.
As the Knicks head into the 2025-26 season, the team is coming off a trip to the Eastern Conference Finals.
REMOVED
The Company was incorporated on March 4, 2015 as an indirect, wholly-owned subsidiary of MSG Networks Inc.
In this Annual Report on Form 10-K, the years ended on June 30, 2024 and 2023 are referred to as fiscal year 2024 and fiscal year 2023, respectively.
With today s rapidly evolving media landscape, live sports telecasts have become increasingly valuable to distributors and advertisers.
MSG Networks makes this content available to our fans on its regional sports networks, MSG Network and MSG Sportsnet, and through its direct to consumer and authenticated streaming product, MSG+.
The NHL s agreement with Rogers Communications (Canada) expires following the 2025-26 season.
The NBA s current agreements with The Walt Disney Company and WarnerMedia, LLC expire after the 2024-25 regular season.
This integrated approach to marketing partnerships which delivers unrivaled sports, entertainment and media exposure in the New York market has already attracted world-class partners such as JPMorgan Chase, Anheuser-Busch, BetMGM, Caesars Sportsbook, Delta Air Lines, HUB International, Dunkin Donuts, Benjamin Moore, Lexus, PepsiCo, Spectrum, Ticketmaster, MSC Cruises and Verizon, among others.
For example, The Garden offers a variety of suite and club products, including 23 Event Level spaces consisting of 22 suites and a new event level club, 58 Lexus Level suites, 18 Infosys Level suites, the Madison Club and the HUB Loft.
As the Knicks head into the 2024-25 season, the team is coming off of a first round playoff series win and trip to the Eastern Conference Semifinals and has a number of draft picks over the next several years, which may be used to add new players or as trade assets.
Heading into its 98 th season, the Rangers are a storied franchise and one of the league s marquee teams, with four Stanley Cup Championships and one of the most passionate, loyal and enthusiastic fan bases.