{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-053905","form_type":"8-K","ticker":"FWONA","cik":"0001560385","company_name":"Liberty Media Corp","filed_at":"2025-05-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.764760+00:00","generated_at":"2026-05-20T05:47:59.544527+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Liberty Media enters forward contracts on up to 10.5M Live Nation shares to fund Split-Off liquidity","bullets":["LNSPV enters variable forward contracts with Santander, Citibank, Morgan Stanley, Mizuho for up to 10,488,960 Live Nation shares.","Contracts settle in cash or shares based on share prices over period ending Q1 2027; prepayments available for SplitCo's debenture obligations.","No change to Liberty Media's beneficial ownership in Live Nation (approx. 30% as of Mar 31, 2025).","Holders of 2.375% debentures due 2053 can put/exchange post-split-off; SplitCo may use forward prepayments for cash settlement."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-053905","json":"https://secwatch.observer/filing/0001104659-25-053905.json","markdown":"https://secwatch.observer/filing/0001104659-25-053905.md","text":"https://secwatch.observer/filing/0001104659-25-053905.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560385/000110465925053905/0001104659-25-053905-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560385/000110465925053905/tm2516412d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T05:47:59.544527+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}