Liberty Media Corporation - Series C Liberty Live Common Stock

Liberty Media Corporation Series C Liberty Live Common Stock is a tracking stock that provides targeted exposure to Liberty Media's investment in the live entertainment sector, primarily through its equity stake in Live Nation Entertainment. Established in August 2023, this Series C non-voting stock reflects the financial performance and value generated by Live Nation's global operations, including concert promotion, venue management, and ticketing services via the Ticketmaster platform. Live Nation engages in artist booking, event production, festivals, and digital ticketing, serving fans across North America, Europe, Asia-Pacific, and Latin America. The tracking stock structure isolates this live events business from Liberty Media's other segments, such as Formula One and SiriusXM, allowing focused participation in the dynamic live entertainment market. Liberty Media Corporation, headquartered in Englewood, Colorado, utilizes this specialized security as part of its approach to offering investors distinct vehicles for specific industry exposures within media, entertainment, and sports.