Revenue Recognition (Tables)

12 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table disaggregates the Company’s revenue by major source and reportable segment based upon the timing of transfer of goods or services to the customer for Fiscal Years 2022, 2021 and 2020:

	Year Ended June 30, 2022
	Entertainment		MSG Networks		Tao Group Hospitality		Eliminations		Total
Event-related and entertainment dining and nightlife offerings (a)	$	386,309	$	—	$	438,608	$	(880)	$	824,037
Sponsorship, signage and suite licenses (b)	156,387		6,470		4,521		(1,438)		165,940
Media related, primarily from affiliation agreements (b)	—		596,693		—		—		596,693
Other (c)	39,417		4,992		41,818		(21,558)		64,669
Total revenues from contracts with customers	$	582,113	$	608,155	$	484,947	$	(23,876)	$	1,651,339

	Year Ended June 30, 2021
	Entertainment		MSG Networks		Tao Group Hospitality		Eliminations		Total
Event-related and entertainment dining and nightlife offerings (a)	$	14,062	$	—	$	84,325	$	(1,522)	$	96,865
Sponsorship, signage and suite licenses (b)	16,308		4,022		4,736		(207)		24,859
Media related, primarily from affiliation agreements (b)	—		639,470		—		—		639,470
Other (c)	27,586		4,018		11,105		(14,015)		28,694
Total revenues from contracts with customers	$	57,956	$	647,510	$	100,166	$	(15,744)	$	789,888

	Year Ended June 30, 2020
	Entertainment		MSG Networks		Tao Group Hospitality		Eliminations		Total
Event-related and entertainment dining and nightlife offerings (a)	$	390,691	$	—	$	161,663	$	(507)	$	551,847
Sponsorship, signage and suite licenses (b)	176,798		5,196		1,640		(1,091)		182,543
Media related, primarily from affiliation agreements (b)	—		677,297		—		—		677,297
Other (c)	17,719		3,304		16,898		(13,590)		24,331
Total revenues from contracts with customers	$	585,208	$	685,797	$	180,201	$	(15,188)	$	1,436,018

_________________

(a)Event-related revenues and entertainment dining and nightlife offerings are recognized at a point in time. As such, these revenues have been included in the same category in the table above.

(b)See Note 2, Summary of Significant Accounting Policies, Revenue Recognition, and the segment discussion above within this Note for further details on the pattern of recognition of sponsorship, signage, suite license and media related revenues.

(c)Primarily consists of (i) revenues from sponsorship sales and representation agreements with MSG Sports, (ii) Tao Group Hospitality’s managed venue revenues, and (ii) advertising commission revenues recognized by the Entertainment segment from the MSG Networks segment of $20,878, $13,698 and $12,715 for Fiscal Years 2022, 2021 and 2020, respectively, that are eliminated in consolidation.

In addition to the disaggregation of the Company’s revenue by major source based upon the timing of transfer of goods or services to the customer disclosed above, the following table disaggregates the Company’s combined revenues by type of goods or services in accordance with the required entity-wide disclosure requirements of ASC Subtopic 280-10-50-38 to 40 and the disaggregation of revenue required disclosures in accordance with ASC Subtopic 606-10-50-5 for Fiscal Years 2022, 2021 and 2020.

	Year Ended June 30, 2022
	Entertainment		MSG Networks		Tao Group Hospitality		Eliminations		Total (d)
Ticketing and venue license fee revenues (a)	$	250,092	$	—	$	—	$	—	$	250,092
Sponsorship and signage, suite, and advertising commission revenues (b)	219,113		—		—		(22,315)		196,798
Revenues from entertainment dining and nightlife offerings (c)	—		—		484,947		(1,561)		483,386
Food, beverage and merchandise revenues	109,915		—		—		—		109,915
Media networks revenues (d)	—		608,155		—		—		608,155
Other	2,993		—		—		—		2,993
Total revenues from contracts with customers	$	582,113	$	608,155	$	484,947	$	(23,876)	$	1,651,339

	Year Ended June 30, 2021
	Entertainment		MSG Networks		Tao Group Hospitality		Eliminations		Total
Ticketing and venue license fee revenues (a)	$	8,311	$	—	$	—	$	—	$	8,311
Sponsorship and signage, suite, and advertising commission revenues (b)	43,723		—		—		(13,905)		29,818
Revenues from entertainment dining and nightlife offerings (c)	—		—		100,166		(1,839)		98,327
Food, beverage and merchandise revenues	3,078		—		—		—		3,078
Media networks revenues (d)	—		647,510		—		—		647,510
Other	2,844		—		—		—		2,844
Total revenues from contracts with customers	$	57,956	$	647,510	$	100,166	$	(15,744)	$	789,888

	Year Ended June 30, 2020
	Entertainment		MSG Networks		Tao Group Hospitality		Eliminations		Total
Ticketing and venue license fee revenues (a)	$	310,971	$	—	$	—	$	—	$	310,971
Sponsorship and signage, suite, and advertising commission revenues (b)	200,092		—		—		(13,806)		186,286
Revenues from entertainment dining and nightlife offerings (c)	—		—		180,201		(1,382)		178,819
Food, beverage and merchandise revenues	62,341		—		—		—		62,341
Media networks revenues (d)	—		685,797		—		—		685,797
Other	11,804		—		—		—		11,804
Total revenues from contracts with customers	$	585,208	$	685,797	$	180,201	$	(15,188)	$	1,436,018

_________________

(a)Amounts include ticket sales, including other ticket-related revenue, and venue license fees from the Company’s events such as (i) concerts, (ii) the presentation of the Christmas Spectacular, and (iii) other live entertainment and sporting events.

(b)Amounts include (i) revenues from sponsorship sales and representation agreements with MSG Sports and (ii) advertising commission revenues recognized by the Entertainment segment from the MSG Networks segment of $20,878, $13,698 and $12,715 for Fiscal Years 2022, 2021 and 2020, respectively, that are eliminated in consolidation.

(c)Primarily consists of revenues from (i) entertainment dining and nightlife offerings and (ii) venue management agreements.

(d)Primarily consists of affiliation fees from Distributors and, to a lesser extent, advertising revenues through the sale of commercial time and other advertising inventory during MSG Networks programming.

Contract Balances

The following table provides information about the opening and closing contract balances from the Company’s contracts with customers as of June 30, 2022, 2021 and 2020.

	June 30,
	2022		2021		2020
Receivables from contracts with customers, net (a)	$	215,261	$	185,112	$	165,377
Contract assets, current (b)	5,503		7,052		3,850
Contract assets, non-current (b)	756		87		37
Deferred revenue, including non-current portion (c)	228,703		210,187		195,865

_________________

(a)As of June 30, 2022, 2021 and 2020, the Company’s receivables from contracts with customers above included $4,618, $4,848 and $2,644, respectively, related to various related parties. See Note 21, Related Party Transactions for further details on these related party arrangements.

(b)Contract assets primarily relate to the Company’s rights to consideration for goods or services transferred to customers, for which the Company does not have an unconditional right to bill as of the reporting date. Contract assets are transferred to accounts receivable once the Company’s right to consideration becomes unconditional.

(c)Revenue recognized for Fiscal Year 2022 relating to the deferred revenue balance as of June 30, 2021 was $148,999.

Remaining Performance Obligation

The following table depicts the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2022. This primarily relates to performance obligations under sponsorship and suite license agreements that have original expected durations longer than one year and for which the considerations are not variable. In developing the estimated revenue, the Company applies the allowable practical expedient and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

Fiscal year ending June 30, 2023	$	189,499
Fiscal year ending June 30, 2024	156,589
Fiscal year ending June 30, 2025	117,658
Fiscal year ending June 30, 2026	81,560
Fiscal year ending June 30, 2027	43,707
Thereafter	48,947
	$	637,960