As President of Madison Square Garden Entertainment Corp. (MSG Entertainment), Andrew Lustgarten is responsible for driving both internal and external opportunities for growth across the Company’s portfolio of assets. This includes overseeing the Company’s entertainment and sports bookings and productions businesses, as well as its corporate development activities, including new strategic opportunities and partnerships. Mr. Lustgarten is also overseeing construction and content development for the Company’s MSG Sphere initiative – state-of-the-art venues that are being designed to pioneer the next generation of immersive experiences.
MSG Entertainment’s collection of properties includes venues that span some of the nation’s largest entertainment markets: New York’s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; and The Chicago Theatre. MSG Entertainment is building its first MSG Sphere in Las Vegas, and has announced plans for a second MSG Sphere in London, pending necessary approvals. MSG Entertainment also owns entertainment brands such as the Christmas Spectacular Starring the Radio City Rockettes; Boston Calling Events, which produces the Boston Calling Music Festival; and Tao Group Hospitality, which features popular entertainment dining and nightlife brands.
In addition to his role at MSG Entertainment, Mr. Lustgarten serves as President and Chief Executive Officer of Madison Square Garden Sports Corp. (MSG Sports), which became a standalone company in April 2020 when The Madison Square Garden Company (MSG) separated its sports and entertainment businesses through a spin-off transaction. MSG Sports’ collection of properties includes the New York Knicks (NBA) and New York Rangers (NHL) franchises.
Prior to the spin-off, Mr. Lustgarten served as President of the combined MSG for more than two years, where he was focused on implementing the Company’s strategic direction, which included identifying and acquiring the site for the planned MSG Sphere in London, the Company’s first large-scale international venue. Before being named President, Mr. Lustgarten served as Executive Vice President of Corporate Development, where he played a critical role in overseeing various transactions and investments that diversified MSG’s sports and entertainment portfolio.
Before joining MSG, Mr. Lustgarten spent seven years at the National Basketball Association, where he served as Senior Vice President, Global Strategy, and before that, Special Assistant to the Commissioner. He played a key role in negotiating the league’s landmark media rights deals in 2014 and its collective bargaining agreement. He also oversaw the NBA’s global strategy group, as well as several strategic initiatives, including the league’s revenue sharing plan and external investment in NBA China. Prior to joining the NBA, Mr. Lustgarten worked at Cablevision Systems Corporation in finance and in investment banking at Bear Stearns & Co.
Mr. Lustgarten is on the board of directors of Tao Group Hospitality, Boston Calling Events and Counter Logic Gaming, and serves on the board of governors for the National Basketball Association and the National Hockey League. He is also on the board of the Garden of Dreams Foundation, a non-profit organization that works closely with all areas of MSG Entertainment and MSG Sports to assist young people in need. Mr. Lustgarten is Chairman of the board of the Lustgarten Foundation for Pancreatic Cancer Research, which as the nation’s largest private supporter of pancreatic cancer research, has directed more than $200 million to research and assembled the best scientific minds to help find a cure.
Mr. Lustgarten earned an M.B.A. from Columbia Business School, with concentrations in finance and management, and received a Bachelor’s degree in Economics from the University of Pennsylvania. He lives in New York with his wife and three children.