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Investments (Tables)
12 Months Ended
Jun. 30, 2024
Equity Method Investments, Joint Ventures And Cost Method Investments [Abstract]  
Cost and Equity Method Investments
The Company’s investments in nonconsolidated affiliates are included within Investments in the accompanying consolidated balance sheets and consisted of the following:
Investment As of June 30,
Investment Ownership Percentage as of June 30, 2024
20242023
Equity method investments:
SACO Technologies Inc. (“SACO”)30%$18,342 $22,246 
Crown Properties Collection LLC (“CPC”)8%60 — 
Gotham Advanced Media and Entertainment, LLC (“GAME”)50%680 — 
Holoplot Loan (a)
— 20,971 
Holoplot—%— 1,542 
MSG Entertainment (b)
—%— 341,039 
Equity investments without readily determinable fair values8,721 8,721 
Other equity investments with readily determinable fair values held in trust under the Company’s Executive Deferred Compensation Plan (c)
2,925 1,087 
Total investments$30,728 $395,606 
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(a)    In January 2023, the Company, extended financing to Holoplot GmbH (“Holoplot”) in the form of a three-year convertible loan (the “Holoplot Loan”) of €18,804, equivalent to $20,484 using the applicable exchange rate at the time of the transaction. Following the acquisition of Holoplot during the fourth quarter of Fiscal Year 2024 (further discussed below), the Holoplot Loan is eliminated in consolidation.
(b)    As of June 30, 2024, following the sale of portions of the MSGE Retained Interest and the repayment of the DDTL Facility (as defined below) with MSG Entertainment using a portion of the MSGE Retained Interest, the Company no longer holds any of the outstanding common stock of MSG Entertainment. The Company elected the fair value option for its investment in MSG Entertainment as of June 30, 2023, when it held approximately 20% of the outstanding shares of common stock of MSG Entertainment (in the form of Class A common stock). The fair value of the investment was determined based on quoted market prices on the New York Stock Exchange (“NYSE”), which were classified within Level I of the fair value hierarchy.
(c)    The Company’s investments with readily determinable fair values are classified within Level I of the fair value hierarchy as they are based on quoted prices in active markets. Refer to Note 14. Pension Plans and Other Postretirement Benefit Plan, for further detail on the Company’s Executive Deferred Compensation Plan.
Gain (Loss) on Securities
The following table summarizes the unrealized and realized gains (losses) on the MSGE Retained Interest, which are reported in Other income (expenses), net in the accompanying consolidated statements of operations:
June 30,
2024
June 30,
2023
Unrealized gain$— $341,039 
(Loss) gain from shares sold(19,027)204,676 
Total realized and unrealized (loss) gain$(19,027)$545,715 
Supplemental information on realized (loss) gain:
Shares of common stock disposed(a)
1,923 — 
Shares of common stock sold(b)
8,221 6,878 
Cash proceeds from common stock sold$256,501 $204,676 
_________________
(a)    Refer to Note 13. Credit Facilities and Convertible Notes, for further explanation of the approximately 1,923 shares disposed related to the repayment of the DDTL Facility.
(b)     The sale of approximately 8,221 shares of MSG Entertainment Class A common stock resulted in the cash proceeds from common stock sold.