DGAP-News: Robin Hood Foundation to Distribute the First $50M of Initial Proceeds for '12-12-12' to Organizations Helping Victims of Hurricane Sandy
(firmenpresse) - The Madison Square Garden Company
19.12.2012 01:14
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Additional Proceeds Continue to be Raised Through On-Going Event Merchandise
Sales; Online Auction of Exclusively Signed Memorabilia; U.S. Network Broadcast
of Concert; and Future iTunes, DVD and CD Sales
NEW YORK, 2012-12-19 01:14 CET (GLOBE NEWSWIRE) --
The producers of the '12-12-12' concert, which was presented by Chase,
announced that the Robin Hood Foundation will distribute the first $50M of
initial proceeds for '12-12-12' to organizations helping to aid victims of
Hurricane Sandy. Fundraising efforts have included ticket sales, sponsorships,
telephone and web donations and merchandise with additional money still coming
in and being distributed to aid the victims of Hurricane Sandy. Additional
'12-12-12' contributions and proceeds from online auctions of exclusively
signed memorabilia, iTunes sales - which peaked at #1 on the iTunes chart as a
pre-order, U.S. network broadcast of concert, DVD and CD sales, as well as
continuing merchandise sales and additional revenue streams are expected.
The event producers issued the following joint statement: 'The historic
'12-12-12' concert to benefit the victims of Hurricane Sandy was the largest
concert event to ever hit the stage at Madison Square Garden, featuring the
biggest names in music and the world's leading entertainers. We are forever
grateful to the unlimited generosity that was shown to the people of the
tri-state area from around the world. Through the collective efforts of the
participating artists, celebrities, corporate partners and sponsors we will be
able to make a meaningful difference for so many of our neighbors who were
affected across the tri-state area. We thank everyone who made the event a
resounding success.'
Thanks to the generosity of concert organizers, sponsors, and Robin Hood's
board of directors, every single penny from ticket purchases and donations will
go to organizations serving the victims of Hurricane Sandy through the Robin
Hood Relief Fund. The Robin Hood Relief Fund provides money, material and
know-how to local organizations that are serving families and individuals in
the regions hardest hit by the storm.
'The money raised to date is going right to hundreds of organizations in the
tri-state area serving those who need it most. Robin Hood has already begun
granting the funds for Sandy relief. We are continuing to raise funds through
various ongoing sales opportunities and donations and we urge people to
continue to contribute,' said David Saltzman, executive director, Robin Hood
Foundation.
The concert was produced by James Dolan, Executive Chairman of The Madison
Square Garden Company; John Sykes, President of Clear Channel Entertainment
Enterprises; and Harvey Weinstein, Co-Founder and Chairman of The Weinstein
Company. It was presented by Chase.
The most up to date information on '12-12-12' can be found by visiting
www.121212concert.org.
The '12-12-12' logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15957
CONTACT: Clear Channel Media and Entertainment
Angel Aristone / AngelAristone(at)clearchannel.com
212.377.7802
The Madison Square Garden Company
MikylCordova / mikyl.cordova(at)msg.com
212-631-4337
The Weinstein Company
Dani Weinstein / dani.weinstein(at)weinsteinco.com
212-845-8639
Robin Hood Foundation
Patty Smith / psmith(at)robinhood.org
212-844-3562
Chase
Melissa Shuffield / melissa.shuffield(at)jpmorgan.com
212.270.5730
News Source: NASDAQ OMX
19.12.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: The Madison Square Garden Company
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US55826P1003
WKN:
End of Announcement DGAP News-Service
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Themen in dieser Pressemitteilung:
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Unternehmensinformation / Kurzprofil:
Datum: 19.12.2012 - 01:14 Uhr
Sprache: Deutsch
News-ID 214148
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