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MarketScreener Homepage  >  Equities  >  Nyse  >  MSG Networks Inc    MSGN

MSG NETWORKS INC (MSGN)
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DraftKings and MSG Networks Partner For First Ever Live Fantasy Infused Broadcast

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11/10/2017 | 09:01pm CEST

NEW YORK, Nov. 10, 2017 (GLOBE NEWSWIRE) -- MSG Networks (NYSE:MSGN) and DraftKings, Inc. announced today they will broadcast a DraftKings Fantasy Live show on MSG+ for the first time in a parallel telecast and game call during the Knicks vs. Cavaliers game on Monday, November 13.

DraftKings.jpg


The DraftKings Fantasy Live broadcast will feature MSG Networks’ host Bill Pidto, MSG Networks’ analysts Alan Hahn and Wally Szczerbiak and DraftKings’ Fantasy Contributors Julian Edlow and Greg Ehrenberg. The show will include a live analysis of fantasy sports education including lineup-building, play-by-play breakdowns and more. DraftKings Fantasy Live on MSG+ kicks off at 7:30pm ET and will also be streamed on MSG GO, MSG Networks’ live streaming & VOD platform.

“DraftKings is committed to creating new opportunities through our partnerships to offer the most value to, and best experiences for sports fans everywhere,” said Ezra Kucharz, Chief Business Officer of DraftKings. “Through this broadcast, we hope to combine the best of fantasy and live sports content through a dynamic and entertaining program.”

DraftKings Fantasy Live show marks a new endeavor in MSG Networks’ and DraftKings’ pre-existing relationship. As a signature partner of the Madison Square Garden company, DraftKings is the exclusive, Official Daily Fantasy Sports Partner of MSG's teams including, the New York Knicks, Rangers, Liberty and Westchester Knicks, as well as the world's most famous arena, Madison Square Garden. DraftKings also sponsors the “Picks Of The Night” feature in both the New York Knicks & New York Rangers post-game shows on MSG Networks.

“We are always looking for new ways to engage our fans around our live games,” said Kevin Marotta, senior vice president of marketing and content strategy, MSG Networks. “And with the popularity of daily fantasy sites as well as our ongoing partnership with DraftKings, we felt a big game like this was a perfect opportunity to bring something new to our viewers.”

The traditional Knicks telecast will air on the MSG Network as originally scheduled. MSG Networks’ Knicks pre- and postgame shows will be the same on both networks.

About MSG Networks Inc.
An industry leader in sports production, and content development and distribution, MSG Networks Inc. owns and operates two award-winning regional sports and entertainment networks, MSG Network (MSG) and MSG+, and a live streaming and video on demand platform, MSG GO. The networks are home to 10 professional sports teams, delivering live games of the New York Knicks; New York Rangers; New York Islanders; New Jersey Devils; Buffalo Sabres; New York Liberty; New York Red Bulls and the Westchester Knicks, as well as coverage of the New York Giants and Buffalo Bills.  Each year, MSG and MSG+ collectively telecast approximately 500 live professional games, along with a comprehensive lineup of other sporting events, including college football and basketball, and critically-acclaimed original programming.  The gold standard for regional broadcasting, MSG Networks has won 162 New York Emmy Awards over the past ten years.

About DraftKings
DraftKings is an innovative sports-tech and media entertainment platform changing the way consumers engage with their favorite sports, teams and athletes by bringing fans closer to the game. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across ten professional sports in the U.S., Canada, United Kingdom, Malta, Germany, Ireland and Austria. Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings makes sports better and better sports fans by creating the ‘Game Inside the Game.’

Media Contacts:
Dan Schoenberg / 212-465-6367
Alyssa Ross / 212-324-3401
Colleen Wagoner / 212-631-5660

DraftKings:
Media@draftkings.com


© GlobeNewswire 2017
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Financials ($)
Sales 2019 713 M
EBIT 2019 316 M
Net income 2019 191 M
Debt 2019 849 M
Yield 2019 -
P/E ratio 2019 9,38
P/E ratio 2020 8,86
EV / Sales 2019 3,74x
EV / Sales 2020 3,55x
Capitalization 1 817 M
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Number of Analysts 13
Average target price 26,1 $
Spread / Average Target 7,1%
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NameTitle
Andrea Greenberg President & Chief Executive Officer
James Lawrence Dolan Executive Chairman
Bret Richter Chief Financial Officer, Treasurer & Executive VP
Charles Francis Dolan Director
Hank J. Ratner Director
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