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MSG Entertainment is canceling Radio City’s ‘Christmas Spectacular’ this year

Madison Square Garden Entertainment Corp. MSGE,
said on Tuesday that it canceled this year’s “Christmas Spectacular Starring the Radio City Rockettes,” citing uncertainties surrounding the COVID-19 pandemic. The company said that all tickets for the show will be refunded in 2020, while tickets for sale in 2021 will now be on sale. “We are disappointed for everyone involved in the show, as well as the many fans who have seen the Christmas Spectacular a beloved part of their holiday tradition, “the company said in a statement. In the morning trade, the share fell by 0.4%. Madison Square Garden Entertainment (MSGE) recently split from Madison Square Garden Co., which subsequently changed its name to Madison Square Garden Sports Corp. MSGS,
+ 0.95%.
MSGE shares have lost 15.5% in the past three months, while MSG Sports shares have risen 24.4% and the S&P 500 SPX,
+ 0.15%
is up 15.8%.