New York Knicks, LLC and New York Rangers, LLC, both subsidiaries of Madison Square Garden Sports Corp., have amended their media rights agreements with MSG Networks Inc. subsidiaries. The agreements, effective as of January 1, 2025, include a 28% reduction in the annual rights fee for the New York Knicks and an 18% reduction for the New York Rangers. Additionally, the annual rights fee escalator has been eliminated for both teams. The contract expiration dates have been adjusted to the end of the 2028-29 season, with MSG Networks retaining a right of first refusal. Alongside these amendments, MSG Networks issued penny warrants to Madison Square Garden Sports Corp., allowing the company to acquire 19.9% equity in MSG Networks.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。