XML 66 R49.htm IDEA: XBRL DOCUMENT v3.22.2.2
Commitments and Contingencies (Tables)
12 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Other Commitments
As of June 30, 2022, commitments of the Company in the normal course of business in excess of one year are as follows:
Commitments
MSG Networks(a)
Entertainment(b)
Tao Group Hospitality(c)
Total
Fiscal year ending June 30, 2023$279,604 $429,346 $2,650 $711,600 
Fiscal year ending June 30, 2024258,551 72,920 892 332,363 
Fiscal year ending June 30, 2025250,551 4,272 931 255,754 
Fiscal year ending June 30, 2026251,329 — 143 251,472 
Fiscal year ending June 30, 2027258,633 — — 258,633 
Thereafter2,088,459 — — 2,088,459 
$3,387,127 $506,538 $4,616 $3,898,281 
_________________
(a)The Company has material off balance sheet arrangements related to the MSG Networks segment of (i) $3,327,527 associated with broadcast rights, $254,549 of which is due in Fiscal Year 2023, (ii) $27,779 associated with purchase commitments, $15,414 of which is due in Fiscal Year 2023, (iii) $5,612 associated with employment contracts, $2,787 of which is due in Fiscal Year 2023, and (iv) $26,209 associated with other MSG Network commitments, $6,854 of which is due in Fiscal Year 2023.
(b)The Company’s material off balance sheet arrangements related to Entertainment primarily relate to MSG Sphere in Las Vegas, including (i) commitments of $480,000 for which the timing of construction capital expenditures are mostly expected in Fiscal Year 2023 and (ii) $4,250 of commitments for other capital expenditures, equipment purchases, and services agreements. Entertainment’s other off balance sheet arrangements related to $14,791 for marketing partnership and other Entertainment IT commitments and $7,497 of letters of credit.
(c)The Company’s material off balance sheet arrangements related to Tao Group Hospitality include $3,866 for software and $750 of letters of credit.