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The Forum was taken over by the Faithful Central Bible Church in 2000 but continued to languish. MSG bought it last year for $23.5 million. The goal is to compete with Staples, which must juggle sports and other events, by focusing mainly on music shows, although a few sporting events may be held there. Dolan declined to say how many shows MSG expects to book at the Forum annually. Staples Center's owner isn't worried and believes that it will remain Southern California's premier destination for live entertainment, Anschutz Entertainment Group President and Chief Executive Dan Beckerman told the Los Angeles Times. The Forum expands MSG's footprint to the West Coast, to join a portfolio which includes Madison Square Garden, Radio City Music Hall and Beacon Theatre.
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