Liberty Media Corporation has announced it will hold a virtual special meeting of stockholders for its Series A and Series B Liberty Live common stock on December 5, 2025, at 8:30 a.m. Mountain time. The purpose of the meeting is for stockholders to consider and vote on a proposal related to the company’s plan to separate the Liberty Live Group through a redemptive split-off into a new public company, Liberty Live Holdings, Inc.
Before the split-off is completed, some assets and liabilities will be reattributed between the Formula One Group and the Liberty Live Group. Details about these reattributions will be provided in a press release when the transaction closes.
Information about the proposed split-off and other matters up for vote will be included in definitive proxy materials that are expected to be filed by Liberty Media on November 4, 2025. If all conditions are met, the split-off could be finalized soon after the vote, with closing anticipated around December 15, 2025.
The special meeting will take place online. Stockholders of record as of October 9, 2025, at 5:00 p.m. New York City time can participate by visiting www.virtualshareholdermeeting.com/LMC2025SM using their unique control number from their proxy card. Technical support will be available ten minutes before the meeting starts.
Access to the webcast will also be available through Liberty Media’s website at https://www.libertymedia.com/investors/news-events/ir-calendar. An archive of the event will be posted online after regulatory filings have been made.
Liberty Media operates in media, sports, and entertainment sectors. Its businesses are organized into two tracking stock groups: Formula One Group—which includes subsidiaries such as Formula 1 and MotoGP—and Liberty Live Group—which includes an interest in Live Nation.
“This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including certain statements relating to the Split-Off and Liberty Media’s definitive proxy statement for the special meeting and other matters that are not historical facts. All statements other than statements of historical fact are ‘forward-looking statements’ for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as ‘possible,’ ‘potential,’ ‘intends’ or ‘expects’ or other words or phrases of similar import or future or conditional verbs such as ‘will,’ ‘may,’ ‘might,’ ‘should,’ ‘would,’ ‘could,’ or similar variations. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the satisfaction of conditions to the Split-Off. These forward-looking statements speak only as of the date of this communication, and Liberty Media expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Media’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Media, including its most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports Liberty Media subsequently files with the SEC, for additional information about Liberty Media and about the risks and uncertainties related to Liberty Media’s business which may affect the statements made in this communication.”
The company emphasized that nothing in this announcement constitutes an offer to buy or sell shares related to either company involved in this transaction. Stockholders are encouraged to review all relevant filings once they become available on both the SEC’s website and through requests made directly to Liberty Media’s investor relations department.
The board members expected to participate in soliciting proxies for this transaction include John C. Malone (Chairman), Robert R. Bennett, Chase Carey, Brian M. Deevy, M. Ian G. Gilchrist, Evan D. Malone, Larry E. Romrell, Andrea L. Wong (all directors), Derek Chang (President & CEO), Brian J. Wendling (Chief Accounting Officer & Principal Financial Officer), and Renee L. Wilm (Chief Legal Officer & Chief Administrative Officer). Further details about their interests can be found under “Security Ownership of Certain Beneficial Owners and Management” in Liberty Media’s proxy statement filed March 28. Updates regarding security holdings are reflected on Form 4s or Schedule 13D filings accessible via the SEC’s EDGAR system.
Contact information for further inquiries is available through Shane Kleinstein at Liberty Media Corporation.
