Segment Information (Tables)

12 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

	Year Ended June 30, 2022
	Entertainment		MSG Networks		Tao Group Hospitality		Purchase accounting adjustments		Inter-segment eliminations		Total
Revenues	$	655,392	$	608,155	$	484,947	$	—	$	(23,876)	$	1,724,618
Direct operating expenses	420,305		320,278		264,641		6,099		(2,078)		1,009,245
Selling, general and administrative expenses	394,551		147,007		160,991		—		(20,753)		681,796
Depreciation and amortization	77,177		9,394		26,021		12,037		—		124,629
Impairment and other (gains) losses, net	(245)		—		(3,969)		1,169		—		(3,045)
Restructuring charges	14,238		452		—		—		—		14,690
Operating income (loss)	(250,634)		131,024		37,263		(19,305)		(1,045)		(102,697)
Loss in equity method investments											(5,027)
Interest income											4,210
Interest expense											(27,155)
Loss on extinguishment of debt											(35,815)
Other expense, net (a)											(49,448)
Loss from operations before income taxes											$	(215,932)
Reconciliation of operating loss to adjusted operating loss:
Operating income (loss)	$	(250,634)	$	131,024	$	37,263	$	(19,305)	$	(1,045)	$	(102,697)
Add back:
Non-cash portion of arena license fees from MSG Sports	(27,754)		—		—		—		—		(27,754)
Share-based compensation expense	47,813		17,092		7,647		—		—		72,552
Depreciation and amortization	77,177		9,394		26,021		12,037		—		124,629
Restructuring charges	14,238		452		—		—		—		14,690
Impairment and other (gains) losses, net	(245)		—		(3,969)		1,169		—		(3,045)
Merger and acquisition related costs	20,834		27,683		247		—		—		48,764
Amortization for capitalized cloud computing costs	95		176		—		—		—		271
Other purchase accounting adjustments	—		—		—		6,099		—		6,099
Remeasurement of deferred compensation plan liabilities	46		—		—		—		—		46
Adjusted operating income (loss)	$	(118,430)	$	185,821	$	67,209	$	—	$	(1,045)	$	133,555
Other information:
Capital expenditures	$	732,891	$	3,673	$	23,309	$	—	$	—	$	759,873

	Year Ended June 30, 2021
	Entertainment		MSG Networks		Tao Group Hospitality		Purchase accounting adjustments		Inter-segment eliminations		Total
Revenues	$	82,281	$	647,510	$	100,166	$	—	$	(15,744)	$	814,213
Direct operating expenses	103,089		262,859		66,591		3,334		(1,090)		434,783
Selling, general and administrative expenses	268,705		115,339		54,034		—		(13,723)		424,355
Depreciation and amortization	80,142		7,335		8,955		25,567		—		121,999
Restructuring charges	21,299		—		—		—		—		21,299
Operating income (loss)	(390,954)		261,977		(29,414)		(28,901)		(931)		(188,223)
Loss in equity method investments											(6,858)
Interest income											3,222
Interest expense											(20,423)
Other income, net (a)											51,488
Loss from operations before income taxes											$	(160,794)
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)	$	(390,954)	$	261,977	$	(29,414)	$	(28,901)	$	(931)	$	(188,223)
Add back:
Non-cash portion of arena license fees from MSG Sports	(13,026)		—		—		—		—		(13,026)
Share-based compensation expense	47,633		17,667		5,284		—		—		70,584
Depreciation and amortization	80,142		7,335		8,955		25,567		—		121,999
Restructuring charges	21,299		—		—		—		—		21,299
Merger and acquisition related costs	16,080		4,502		3,638		—		—		24,220
Other purchase accounting adjustments	—		—		—		3,334		—		3,334
Adjusted operating income (loss)	$	(238,826)	$	291,481	$	(11,537)	$	—	$	(931)	$	40,187
Other information:
Capital expenditures	$	448,962	$	3,853	$	3,192	$	—	$	—	$	456,007

	Year Ended June 30, 2020
	Entertainment		MSG Networks		Tao Group Hospitality		Purchase accounting adjustments		Inter-segment eliminations		Total
Revenues	$	585,208	$	685,797	$	180,201	$	—	$	(15,188)	$	1,436,018
Direct operating expenses	388,643		282,837		116,638		4,361		(1,980)		$	790,499
Selling, general and administrative expenses	282,043		100,829		63,049		6		(12,716)		$	433,211
Depreciation and amortization	84,289		7,163		8,156		12,454		—		$	112,062
Impairment for intangibles, long-lived assets, and goodwill	—		—		94,946		10,871		—		$	105,817
Gain on disposal of assets held for sale	(240,783)		—		—		—		—		$	(240,783)
Operating income (loss)	71,016		294,968		(102,588)		(27,692)		(492)		235,212
Loss in equity method investments											(4,433)
Interest income											22,227
Interest expense											(36,564)
Other income, net (a)											35,061
Income from operations before income taxes											$	251,503
Reconciliation of operating income (loss) to adjusted operating income (loss):
Operating income (loss)	$	71,016	$	294,968	$	(102,588)	$	(27,692)	$	(492)	$	235,212
Add back:
Share-based compensation expense	41,227		19,235		963		—		—		61,425
Depreciation and amortization	84,289		7,163		8,156		12,454		—		112,062
Impairment for intangibles, long-lived assets, and goodwill	—		—		94,946		10,871		—		105,817
Gain on disposal of assets held for sale	(240,783)		—		—		—		—		(240,783)
Other purchase accounting adjustments	—		—		—		4,367		—		4,367
Adjusted operating income (loss)	$	(44,251)	$	321,366	$	1,477	$	—	$	(492)	$	278,100
Other information:
Capital expenditures	$	448,944	$	2,814	$	3,482	$	—	$	—	$	455,240

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(a)Other income (expense), net includes the following:

	Years Ended June 30,
	2022		2021		2020
Realized and unrealized gain (loss) on equity investments with readily determinable fair value, see Note 9 for further detail	$	(49,842)	$	51,178	$	37,628
Non-service cost components of net periodic pension and postretirement benefit costs, see Note 16 for further detail	3		(1,090)		(2,269)
Dividend income from equity investments	—		—		722
Debt financing costs	—		—		(2,764)
Measurement alternative adjustments for equity investments without readily determinable fair value	—		—		(532)
Others, net, primarily reflects the impact of Tao Group Hospitality three-month lag elimination in Fiscal Year 2020	391		1,400		2,276
	$	(49,448)	$	51,488	$	35,061