This morning, the Madison Square Garden Company (MSG) held its Q2 2020 Earnings Call. Within were two mentions of Cirque du Soleil’s Christmas-themed show ‘Twas The Night Before…:
The first…
Turning to our operations. We are pleased with this quarter’s booking results which were only modestly behind last year’s record breaking quarter. Highlights this quarter included a very successful multi-night run of Cirque du Soleil’s Twas the Night Before, which sold out 37 of its 45 shows at the Hulu and Chicago Theatres.
And the second…
Turning to our segment results. At MSG Entertainment, revenues of $312.7 million decreased 1%. This was primarily due to lower event-related revenues from concerts as compared to last year’s record-breaking quarter, the wind down of Obscura’s third-party business and the expiration of our bookings agreement with the Wang Theatre. These decreases were mostly offset by a significant increase in event-related revenues from other events, primarily due to Cirque du Soleil’s successful holiday show, a high-single-digit percentage increase in revenues for Tao Group and our record-setting year for the Christmas Spectacular. MSG Entertainment AOI of $103.6 million increased by $2.5 million, primarily due to higher contribution from other events and growth at Tao Group and the Christmas Spectacular, offset by lower concert-related results and the absence of contribution from the Wang Theatre.
So it seems ‘Twas The Night Before… did quite well!
{ SOURCE: The Motley Fool }
