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The Madison Square Garden Company Announces New Signature Partnership With Kia Motors America(October 22, 2012)
NEW YORK, Oct. 22, 2012 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (MSG) (Nasdaq:MSG) and Kia Motors America announced today a long-term extension and expansion of their marketing partnership, making Kia a Signature Partner of MSG. Kia is one of the fastest-growing car companies in the U.S. over the last five years and the new partnership provides the automaker with exposure across The Madison Square Garden Company's unrivaled set of sports, entertainment and media properties in New York, including the transformed Arena.
Kia will be the Official Vehicle of Madison Square Garden, the Theater at Madison Square Garden, the New York Knicks, the New York Rangers and the New York Liberty, and college basketball and tennis, as well as the Concert Series at The Garden. The partnership also includes an expanded presence for Kia on MSG's award-winning regional sports networks, MSG and MSG+, and integration on The Garden, Knicks, Rangers and Liberty websites. Starting this fall, a rotating lineup of Kia vehicles will be displayed year-round with a custom-built display space in the lobby entrance to the Arena.
"Kia is one of the fastest growing automotive brands in the U.S. and with our marketing strategy focusing on several key pillars – including sports, music and pop culture – forming a Signature Partnership with the legendary Madison Square Garden Company will further our efforts to connect and engage with passionate fans of sports and live music," said Michael Sprague, executive vice president, marketing & communications, Kia Motors America. "Much like The Garden, Kia has gone through an extensive transformation and this long-term partnership will deliver innovative displays, programming, advertisements and fan activities that go hand-in-hand with Kia's complete line of vehicles that are using world-class design and cutting-edge technologies to advance value to new levels of sophistication."
"We have had a longstanding relationship with Kia Motors and are excited to take our partnership to the next level, making them a Signature Partner with an integrated presence across our sports, media and entertainment properties in New York," said Hank Ratner, president and CEO, The Madison Square Garden Company. "We are currently undergoing a top-to-bottom Transformation that will make The World's Most Famous Arena the world's most spectacular arena, and we are proud that Kia will be a part of it. As our Signature Partner, Kia will have a unique and innovative promotional platform, as well as a dedicated partner to help them reach new customers and continue as one of the fastest growing automotive brands in the U.S."
Kia's Official Vehicle designation will include significant branding exposure at the Arena for all associated sports events and the Concert Series. Integration will incorporate a variety of elements, including digital and static signage throughout the Arena; features on GardenVision, the center-hung scoreboard; and on-court and on-ice branding and promotional contests. The Garden has a strong lineup of diverse and top-name artists scheduled to perform this fall as part of the Concert Series, including Madonna, Justin Bieber, One Direction, The Who and Neil Young and Crazy Horse. In addition, Kia will have a heightened presence at all Friday night Knicks and Rangers games as the presenting partner.
Another key element to the partnership is special access and experiences for Kia customers with MSG's sports brands and events. Kia will collaborate with the Knicks and Rangers on a number of exclusive promotions and events for Kia customers, allowing them the opportunity to win tickets and special experiences at games. As the Official Vehicle of the Concert Series at The Garden, Kia will also work with MSG on promotions for select concerts.
The Madison Square Garden Company (Nasdaq:MSG) is a fully-integrated sports, media and entertainment business. The Company is comprised of three business segments: MSG Sports, MSG Media and MSG Entertainment, which are strategically aligned to work together to drive the Company's overall business, which is built on a foundation of iconic venues and compelling content that the company creates, produces, presents and/or distributes through its programming networks and other media assets. MSG Sports owns and operates the following sports franchises: the New York Knicks (NBA), the New York Rangers (NHL), the New York Liberty (WNBA), and the Connecticut Whale (AHL). MSG Sports also features the presentation of a wide variety of live sporting events including professional boxing, college basketball, track and field and tennis. MSG Media is a leader in production and content development for multiple distribution platforms, including content originating from the Company's venues. MSG Media's television networks consist of regional sports networks, MSG Network and MSG+, collectively referred to as MSG Networks; and Fuse, a national television network dedicated to music. MSG Networks also include high-definition channels, MSG HD and MSG+ HD, and Fuse includes its high-definition channel, Fuse HD. MSG Entertainment is one of the country's leaders in live entertainment. MSG Entertainment creates, produces and/or presents a variety of live productions, including the Radio City Christmas Spectacular featuring the Radio City Rockettes. MSG Entertainment also presents or hosts other live entertainment events such as concerts, family shows and special events in the Company's diverse collection of venues. These venues consist of Madison Square Garden, Radio City Music Hall, The Theater at Madison Square Garden, the Beacon Theatre, the Chicago Theatre, the Forum in Inglewood, CA, and the Wang Theatre in Boston, MA. More information is available at www.themadisonsquaregardencompany.com.
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Kia Motors America is the marketing and distribution arm of Kia Motors Corporation based in Seoul, South Korea. KMA offers a complete line of vehicles through more than 755 dealers throughout the United States and serves as the "Official Automotive Partner" of the NBA and LPGA. In 2011, KMA recorded its best-ever annual sales total and became one of the fastest growing car companies in the U.S. Kia is poised to continue its momentum and will continue to build the brand through design innovation, quality, value, advanced safety features and new technologies.
CONTACT: MSG Contact:
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