So our higher — overall, we’ve got a higher overall average ticket yield this year. And I think this is really a combination of the enthusiasm we are seeing from our fans and the continued improvement in tourism here in New York post-pandemic. We just have really good momentum on the ticketing front. We are seeing that shine through in the suites as well, where we’ve got really robust demand from our corporate partners renting suites and licensing those suites in long-term agreements. We saw that again and we capitalized on that with the two new event level suites we introduced for this season, one of which has direct access and one of which has indirect access to the — in a luxury sort of club style suite, the direct access suite, we licensed in a multiyear agreement and that club space is almost sold out.
I referenced some of the new sponsorships that we have introduced this year, Oura Ring, Pfizer, NEXEN TIRE. And our new partnership with Oak View Group and Crown Properties, we believe, will help us grow that business even further, in the weeks, months and years to come.
Paul Golding: Great. Thanks so much.
Victoria Mink: Operator, we have time for one last call.
Operator: Our final question comes from the line of David Joyce from Seaport Research Partners. Your line is open.
David Joyce: Thank you. Going back to the upcoming NBA national rights renewal, which should come with a significant step up, could you please help us understand what are the incremental flows from that new contract comes to the teams versus to the players? And also, are there other structural changes in the rights, be it local or digital or otherwise, that you might expect, perhaps influenced by the issues that some other RSNs are facing? Thank you.
Victoria Mink: Great. Good morning, David. So looking at the national — the NBA national rights renewal, so I guess, first, as a reminder, the current national deals run through the ’24, ’25 season. So we are talking about our fiscal 2026 period. But in terms of the potential financial impact, so all teams across the league will share equally in any potential increase in the national media rights fees, right? But as you know and you alluded to, the players also receive approximately 50% of all league-wide revenues which would include the national, which does include the national media rights fees and right now, therefore, would include any potential increase there. And regarding the sort of the second part of your question there and I think as Hop has talked about too, we — it’s clear that the media landscape is evolving and we continue to believe in the value of live professional sports content.
And we expect the NBA will maximize that opportunity. But specifically in terms of local rights, as you know, we have the long-term contracts in place with MSG Networks and those contracts run through the 2034, ’35 seasons. So about 11 years left. So that’s where our games will be shown locally.
David Joyce: All right. Thank you.
Operator: This concludes our question-and-answer session. I will now turn the call back over to Mr. Ari Danes for some closing remarks.
Ari Danes: Thank you all for joining us. We look forward to speaking with you on our next earnings call. Have a good day.
Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect.
