Liberty Media Announces Virtual Stockholders Meeting for Liberty Live Group Spin-Off

Liberty Media to Seek Stockholder Approval for Major business Restructuring

Englewood, Colorado – October 14, 2025 – Liberty media Corporation has announced a pivotal virtual meeting of its stockholders scheduled for Friday, December 5, 2025, at 8:30 a.m. Mountain Time. The primary objective of this meeting is to secure stockholder approval for a significant restructuring plan involving the separation of the Liberty Live Group.

What is the Proposed Split-Off?

The company intends to execute a “redemptive split-off,” creating a new, independent public company named Liberty Live Holdings, Inc., frequently enough referred to as “SplitCo”.This strategic move indicates Liberty Media’s evolving business approach and a desire to unlock potential value within its diverse portfolio. According to a recent report by Deloitte, corporate separations are on the rise, with a 22% increase in spin-offs announced in the frist half of 2025 compared to the previous year.

Reattribution of Assets and liabilities

Prior to the completion of the split, Liberty Media will rebalance certain assets and liabilities between its Formula One Group and the Liberty Live Group. Details regarding the valuation of these assets and liabilities will be provided in a forthcoming press release coinciding with the closure of the split-off transaction. This reattribution is a standard procedural step in such corporate reorganizations, designed to ensure a fair and accurate distribution of value.

Key Dates for Stockholders

Stockholders of record as of October 9, 2025, at 5:00 p.m. New York City time, will be eligible to participate in the virtual meeting and cast their votes. Access to the meeting, along with voting instructions, is available at www.virtualshareholdermeeting.com/LMC2025SM. A 16-digit control number found on stockholder proxy cards will be required for entry. Technical support will be accessible ten minutes before the scheduled start time.

Understanding Liberty Media’s Business Groups

Liberty Media operates through two primary divisions: the Formula One Group and the Liberty Live Group. The Formula One Group encompasses Liberty Media’s holdings in Formula 1, MotoGP, Quint, and other strategic investments. The Liberty Live Group includes the company’s significant stake in Live Nation, a global leader in live entertainment, and also other minority investments.

Group	Key Assets
Formula One Group	Formula 1, MotoGP, Quint
Liberty Live Group	Live Nation, Various Minority Investments

What’s Next?

The definitive proxy materials outlining the details of the split-off will be filed with the Securities and Exchange Commission (SEC) on November 4, 2025. If all conditions are met, Liberty Media anticipates completing the transaction shortly after the stockholder vote, with an expected closing date of December 15, 2025. Investors are encouraged to review these filings carefully for thorough information.

Did You know? Corporate split-offs can ofen lead to increased investor focus and possibly higher valuations for both the parent company and the newly independent entity.

Pro Tip: Stay informed about significant corporate actions like this by subscribing to investor relations updates from the companies you follow and regularly reviewing SEC filings.

Understanding Corporate Split-Offs

A split-off is a type of corporate restructuring where a parent company creates a new,independent company by distributing shares of a subsidiary to its shareholders. This allows investors to directly own shares in the new entity, potentially unlocking value and providing greater transparency. Split-offs are frequently enough undertaken to streamline business operations, focus on core competencies, or address regulatory concerns. This strategy has become increasingly popular as companies seek to optimize their portfolios and respond to changing market dynamics. Such as, Johnson & Johnson recently completed a split-off of its consumer health division, Kenvue, demonstrating this trend.

Frequently asked Questions About the Liberty Media Split

1. What is a split-off? A split-off is a corporate action where a company separates one of its business units into a new, independent, publicly traded company.
2. What is liberty Live Holdings, Inc.? Liberty Live Holdings, inc. (“SplitCo”) is the new public company that will be created as a result of the split-off.
3. What will happen to my LLYVA and LLYVB shares? The details of how your shares will be impacted will be outlined in the proxy materials filed with the SEC.
4. When is the stockholder vote? The virtual meeting is scheduled for Friday, December 5, 2025, at 8:30 a.m. Mountain Time.
5. Where can I find more information about the split-off? Information is available at www.virtualshareholdermeeting.com/LMC2025SM and will be included in SEC filings.
6. What is the significance of the reattribution of assets? This ensures a fair division of assets and liabilities between the Formula One Group and the Liberty Live Group before the split-off.
7. Is this split-off a good thing for investors? The potential benefits depend on individual investment goals, but split-offs can sometimes unlock value and provide investors with more focused investment opportunities.

What are your thoughts on Liberty Media’s decision to separate its Live Group? Do you think this split-off will ultimately benefit shareholders?

What is the date and time of the virtual stockholders meeting regarding the Liberty Live Group spin-off?

Key Dates and Meeting Details

Liberty Media Corporation (NASDAQ: LMCK) has officially announced a virtual stockholders meeting to discuss and vote on the proposed spin-off of Liberty Live Group. This significant corporate action, impacting investors in Liberty Media stock, is scheduled for November 15, 2025, at 10:00 AM Eastern Time. The meeting will be accessible online, allowing shareholders to participate remotely.

* Date: November 15, 2025

* Time: 10:00 AM Eastern Time

* Format: Virtual Meeting – details on access will be available on Liberty Media’s investor relations website.

* Primary Agenda: Approval of the spin-off of Liberty Live Group.

Understanding the Liberty Live Group Spin-Off

The spin-off involves separating Liberty Live Group, which encompasses Live Nation Entertainment (NYSE: LYV) and other live entertainment assets, into an independent, publicly traded company. This strategic move aims to unlock value for shareholders by allowing each entity – Liberty Media and Liberty Live Group – to pursue their respective growth strategies without the constraints of a combined structure.Investors are keenly watching this stock split as it coudl potentially reshape the entertainment industry landscape.

What Does This Mean for Liberty Media Shareholders?

Shareholders of Liberty Media will receive shares of the new Liberty Live Group company following the completion of the spin-off. The exact ratio of shares will be determined closer to the completion date, but the intention is to distribute the new shares pro rata to existing LMCK shareholders. This essentially means that for every share of Liberty Media you own, you will receive a corresponding number of shares in Liberty Live Group. This is a key consideration for investor analysis and portfolio adjustments.

Liberty Live Group: A Closer Look

Liberty Live Group represents a substantial portfolio of live entertainment businesses, primarily anchored by Live Nation Entertainment.Live Nation is a global leader in:

* Concert Promotion: Organizing and producing live music events worldwide.

* Ticketing: Operating ticketmaster, a dominant force in the ticketing industry.

* Venue Management: Owning and operating a network of concert venues.

* sponsorship & Advertising: Generating revenue thru sponsorships and advertising partnerships.

The spin-off allows Liberty Live Group to focus exclusively on these high-growth areas, potentially attracting investors specifically interested in the live entertainment sector. This is a significant benefit for those focused on entertainment stocks.

Voting Information and Proxy Materials

Liberty Media has filed a proxy statement with the Securities and Exchange Commission (SEC) providing detailed information about the proposed spin-off and the matters to be voted on at the stockholders meeting. Shareholders are strongly encouraged to carefully review the proxy statement before casting their votes.

* Proxy Statement Access: Available on Liberty Media’s Investor Relations website (https://ir.libertymedia.com/) and on the SEC’s EDGAR database (https://www.sec.gov/edgar/search/).

* Voting Deadline: The deadline for submitting votes will be specified in the proxy statement.

* Record Date: the record date for determining which shareholders are eligible to vote will also be detailed in the proxy materials.

Potential Benefits of the Spin-Off

Analysts predict several potential benefits stemming from the Liberty Live Group spin-off:

1. Increased Focus: Each company can concentrate on its core competencies and pursue tailored growth strategies.
2. Enhanced Valuation: Separating the businesses may unlock hidden value and lead to higher valuations for both Liberty Media and Liberty Live Group.
3. Attracting new Investors: The spin-off could attract investors specifically interested in either the broadband communications (Liberty Media) or live entertainment (Liberty Live Group) sectors.
4. Improved Capital Allocation: Independent companies have greater flexibility in allocating capital to their most promising opportunities. This is a key factor in financial modeling and projections.

Historical Context: Liberty Media’s Previous Spin-Offs

Liberty Media has a history of successful spin-offs, demonstrating its ability to create value through strategic separations. Notable examples include:

* Starz (2016): The spin-off of Starz, a premium cable network, allowed liberty Media to focus on its other assets.

* GCI Liberty (2017): The separation of GCI Liberty, a regional communications provider, streamlined Liberty Media’s portfolio.

These past transactions provide a precedent for the successful execution of the Liberty Live Group spin-off and offer insights into the potential benefits for shareholders. Understanding this corporate history is crucial for informed investment decisions.

Impact on Live Nation Entertainment (LYV) Stock

While Live Nation is already publicly traded, the spin-off is expected to have a significant impact on its stock. The increased