Azoff Music Management Reaches Agreement to Acquire The Madison Square Garden Company’s 50 Percent Interest in Azoff MSG Entertainment
MADISON SQUARE GARDEN CO NEW (MSG)
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Source: GlobeNewswire
NEW YORK, Oct. 08, 2018 (GLOBE NEWSWIRE) -- Azoff Music Management and The Madison Square Garden Company (NYSE: MSG) today announced that they have reached an agreement for Azoff Music Management to acquire MSG’s 50 percent interest in Azoff MSG Entertainment. Once the transaction is complete, the company will be called The Azoff Company. The Azoff Company and MSG have simultaneously entered into multi-year consultancy agreements, under which The Azoff Company will continue to advise MSG, including on the Forum and MSG Sphere initiative, which includes announced plans to build state-of-the-art venues in Las Vegas and London. The Azoff MSG Entertainment joint venture was established in 2013 between MSG and Azoff Music Management.
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