1 live music venue in the world, MSG Sphere, when it opens,” Tepperberg says. “We’re going to provide a platform for the industry’s leading artists to play from smallest to the largest venues, including what will be the No. In an exclusive interview with Billboard, Tao Group co-CEO Noah Tepperberg says that the marriage forms a true integrated entertainment company. MSG Entertainment is making significant progress on the construction of its Las Vegas venue, MSG Sphere, which it expects to complete in 2023. The newly combined company will work with MSG Entertainment to integrate experiences into an extensive portfolio of live offerings, including New York’s Madison Square Garden. Hakkasan Las Vegas Unveils Kinetic Light-Grid Installation For EDC Week 2019: Exclusive We look forward to utilizing our collective strengths to continue raising the bar for exceptional guest experiences,” said Derek Silberstein, evp of Hakkasan Group, in a statement. “We are thrilled to join Tao Group Hospitality, a company we’ve long admired for their leadership and innovation in entertainment, dining and hospitality. Tao Group Hospitality will retain Hakkasan’s top leadership, including Derek Silberstein, executive vice president of food and beverage Angela Lester, evp of business development and James Algate, evp of entertainment. ![]() As indoor dining and other hospitality experiences start to return to regular operations, we believe our newly combined company will be well-positioned to take advantage of this pent-up demand, setting the stage for long-term growth.” In a statement, Strauss said, “Despite the challenges caused by the pandemic, we know there’s a real desire by people around the world to gather once again. Hakkasan Group’s executive team will continue to run day-to-day operations for the Hakkasan properties under the direction of Tao Group Hospitality, led by co-CEOs Noah Tepperberg and Jason Strauss. That partnership brought MSG a world-class dining and hospitality arm. In 2017, The Madison Square Garden Company acquired 62.5% common equity interest in Tao Group, which is led by founders Marc Packer, Rich Wolf, Noah Tepperberg and Jason Strauss. Tao has managed to retain a roster of palpably hot clubs and restaurants while expanding rapidly over the last few years - no small feat, especially in the high-stakes, mercurial world of nightlife - so it will be interesting to see how this new partnership integrates into the group’s world domination plan.Tiësto, Zedd & Martin Garrix Lead Hakkasan Group 2020 Las Vegas Roster: Exclusive But Wolf tells Deadline that they plan to “build a global hospitality platform” together, and the companies say that this will involve “new and innovative premium hospitality experiences that can be integrated across MSG’s portfolio of live offerings.” So, presumably, you might see outposts of Tao and/or Lavo popping up at Madison Square Garden, as well as any future sporting or entertainment venues that the Dolan family plans to build or operate.Īs part of the plan, the Tao founders have agreed to buy $1 million of “MSG inventory or services” and pay their new partners a $5 million management fee annually, Deadline reports. The day-to-day operations of the nightlife/hospitality company will continue to be run by founders Rich Wolf, Noah Tepperberg, Mark Packer, and Jason Strauss. The Dolans paid $181 million for their stake in Tao. There is simply no bigger company in the nightlife world right now than Tao. The group’s portfolio also includes perennially packed Manhattan venues Beauty & Essex, Vandal, and Avenue. ![]() The Las Vegas and Downtown New York outposts of Tao were number one and number four, respectively, on last year’s list of the top-grossing independent restaurants in America, and both Lavo locations charted in the top 15. James Dolan and his partners/family members in the Madison Square Garden Company just bought a 62.5 percent stake In Tao Group, which operates Tao, Marquee, and Lavo in NYC, as well as scads of other venues around the world. ![]() The company that owns Madison Square Garden, the Knicks, and Radio City Music Hall in NYC is j oining forces with the operators of some of America’s most profitable nightclubs and clubstaurants. ![]() It’s a good time to be in the business of building five story-tall buddha statues, or making sparklers that you can stick in the tops of Champagne bottles.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |