James Dolan, executive chairman/CEO of MSG Enjoyment, will guide the New York-primarily based reside circumstances corporation for a distinctive 3 years. Dolan been offered a new deal that will continue to retain him at MSG Leisure by June 2027, the enterprise disclosed on Friday (June 21) in a regulatory filing.

Dolan, who is also the CEO of each of these MSG Athletics and Sphere Entertainment Co., will be compensated a foundation salary of $1.5 million for every yr for leading MSG Entertainment and will have an chance to make an yearly bonus up to 200% of his revenue, in accordance to the filing. He will also participate in the company’s substantial-expression incentive system. Beginning with the fiscal year beginning July 1, 2024, he is anticipated to get 1 or a great deal much more incentive awards with a objective worth of at the pretty least $8.6 million, the filing adds.

In the fiscal calendar year ended June 30, 2023, Dolan acquired all round payment of $9.3 million from MSG Leisure. His compensation from Sphere Amusement, which spun off from MSG Leisure in 2023 ahead of the commence of the Sphere venue in Las Vegas in September, amounted to $16.3 million. In addition, Dolan acquired a total of $11 million from MSG Sports.

MSG Entertainment owns the venues Madison Square Garden, The Theater at Madison Sq. Back garden, Radio Town Audio Corridor, Beacon Theatre and The Chicago Theatre. It also tends to make the Xmas Magnificent creation that involves the Radio Metropolis Rockettes. In fiscal year 2023, MSG Enjoyment suggests it hosted more than 5 million guests at almost 900 reside gatherings.