Liberty Media
Liberty Media Corporation, based in Englewood, Colorado, owns interests in media, communications, and entertainment industries, attributed to three tracking stocks: Liberty SiriusXM Group, Formula One Group, and Liberty Live Group.
Company Overview
Liberty Media Corporation is based in Englewood, Colorado and owns interests in a high-quality portfolio of assets across the media, communications, and entertainment industries. The company's interests are attributed to three tracking stocks: Liberty SiriusXM Group, Formula One Group, and Liberty Live Group. Liberty Media's diverse operations include ownership stakes in SiriusXM, Pandora, F1, Quint, and Live Nation, enabling broad engagement across various media and entertainment sectors.
Liberty SiriusXM Group
Liberty SiriusXM Group comprises Liberty Media's ownership in SiriusXM, the leading audio entertainment company in North America. This group operates two complementary audio businesses: SiriusXM, which offers a flagship subscription entertainment service, and Pandora, which provides ad-supported and premium music streaming services. Additionally, the group includes a robust podcast network and a suite of business and advertising solutions. As of October 31, 2023, Liberty SiriusXM Group owns approximately 83% of SiriusXM.
Formula One Group
The businesses and assets attributed to the Formula One Group include Liberty Media's wholly-owned subsidiaries Formula 1 and Quint, as well as other minority investments. Formula 1 holds the exclusive commercial rights to the FIA Formula One World Championship, representing a significant aspect of global motorsport. Quint stands as the industry-leading provider of official ticket and hospitality packages for many of the world's most prominent sports and entertainment events.
Liberty Live Group
Liberty Live Group encompasses Liberty Media's interests in Live Nation Entertainment Inc., the world's leading live entertainment company. Live Nation comprises global market leaders such as Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. The group also includes other minority investments, broadening its influence and activities within the live entertainment sector.
Corporate Restructuring and Spin-Offs
Liberty Media Corporation has undergone significant restructuring and spin-offs to optimize its business operations. Notable events include the acquisition of Formula 1 for $8.0 billion and the split-off of Atlanta Braves Holdings, Inc. Liberty Media also completed spin-offs involving Liberty Broadband Corporation, New Liberty, Liberty Entertainment, and Liberty Media International, among others. These strategic moves have allowed Liberty Media to streamline its portfolio, enhance focus, and create separate publicly traded entities.