v3.26.1
Related Party Transactions
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
As of March 31, 2026, certain members of the Dolan family, including certain trusts for the benefit of members of the Dolan family (collectively, the “Dolan Family Group”), collectively beneficially owned 100% of the Company’s outstanding Class B Common Stock, par value $0.01 per share (“Class B Common Stock”) and approximately 6.3% of the Company’s outstanding Class A Common Stock (inclusive of options exercisable within 60 days after March 31, 2026) for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended. Such shares of the Company’s Class A Common Stock and Class B Common Stock, collectively, represent approximately 72.1% of the aggregate voting power of the Company’s outstanding common stock. Members of the Dolan family are also the controlling stockholders of MSG Entertainment, Madison Square Garden Sports Corp. (“MSG Sports”) and AMC Global Media Inc. (formerly AMC Networks Inc., “AMC Networks”).
See Note 19. Related Party Transactions, to the Audited Consolidated Financial Statements included in the Form 10-K for a description of the Company’s related party arrangements. There were no material changes in such related party arrangements during the three months ended March 31, 2026.
Accrued liabilities associated with other equity method investment nonconsolidated affiliates were $18,204 as of March 31, 2026 and December 31, 2025, and are reported under Accrued expenses and other current liabilities in the accompanying condensed consolidated balance sheets.
Revenues and Operating Expenses
The following table summarizes the composition and amounts of the transactions with the Company’s related parties. These amounts are reflected in revenues and operating expenses in the accompanying condensed consolidated statements of operations for the three months ended March 31, 2026 and 2025:
Three Months Ended
March 31,
20262025
Revenues$1,342 $1,284 
Operating expenses:
Media fees
34,271 44,943 
Corporate general and administrative expenses, net - MSG Entertainment Services Agreement
16,463 17,334 
Origination, master control and technical services1,184 1,161 
Other operating expenses, net (a)
4,019 3,480 
Total operating expenses, net (b)
$55,937 $66,918 
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(a)    Other operating expenses, net, includes reimbursements to MSG Entertainment for aircraft-related expenses, professional and payroll fees, and CPC commissions, as well as AMC Global Media consulting service fees.
(b)    Of the total operating expenses, net $35,447 and $46,287 for the three months ended March 31, 2026 and 2025, respectively, are included in Direct operating expenses in the accompanying condensed consolidated statements of operations. Of the total operating expenses, net, $20,491 and $20,631 for the three months ended March 31, 2026 and 2025, respectively, are included in Selling, general and administrative expenses in the accompanying condensed consolidated statements of operations.