Entertainment

MSG Entertainment CEO James Dolan signs new 3-year contract

James Dolan, executive chairman and CEO of MSG Entertainment, will lead the New York-based live events company for three more years. Dolan has received a new contract that will keep him with MSG Entertainment until June 2027, the company revealed Friday (June 21) in a statement. regulatory filing.

Dolan, who is also CEO of MSG Sports and Sphere Entertainment Co., will receive a base salary of $1.5 million per year to lead MSG Entertainment and will have the opportunity to earn an annual bonus of up to 200% of his salary . according to the file. He will also participate in the company's long-term incentive plan. Beginning with the fiscal year beginning July 1, 2024, he is expected to receive one or more incentive bonuses with a target value of at least $8.6 million, the filing added.

During the fiscal year ended June 30, 2023, Dolan received total compensation of $9.3 million from MSG Entertainment. His compensation from Sphere Entertainment, spun off from MSG Entertainment in 2023 before the launch of the Sphere venue in Las Vegas in September, was $16.3 million. Additionally, Dolan has earned a total of $11 million from MSG Sports.

MSG Entertainment owns venues at Madison Square Garden, Theater at Madison Square Garden, Radio City Music Hall, Beacon Theater and Chicago Theater. She also produces the Christmas Spectacular production featuring the Radio City Rockettes. In fiscal 2023, MSG Entertainment says it welcomed more than five million guests at nearly 900 live events.

Sources

1/ https://Google.com/

2/ https://www.billboard.com/pro/msg-entertainment-ceo-james-dolan-signs-new-3-year-contract/

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