MSG Invests $125 Million To Form New Azoff Entertainment Co.

Law360, New York (September 5, 2013, 6:46 PM EDT) -- The Madison Square Garden Co. announced Wednesday that it will invest $125 million to create a new media and entertainment company with Azoff Music Management in an effort to create new avenues and opportunities for artists.

The investment will represent a 50 percent stake in Azoff MSG Entertainment LLC, which will continue the development of AMM’s existing businesses and explore new ventures to create opportunities for clients, partners and associated brands, the company said. 

"This joint venture provides a unique opportunity for MSG to strengthen its...
To view the full article, register now.