secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0001104659-25-121236
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Media completes split-off of Liberty Live Holdings; Liberty Live begins trading Dec 16
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- Effective at 4:05 p.m. Dec 15, 2025; each share of Liberty Live common stock exchanged for one share of Liberty Live Holdings common stock.
- Liberty Live Holdings outstanding: ~25.6M Series A, 2.5M Series B, 63.8M Series C common stock.
- Liberty Live Holdings includes ~69.6M Live Nation shares, QuintEvents, private assets, and ~$172M cash reattributed from Formula One Group.
- Pro forma: Liberty Media (continuing ops) had $2.667B revenue and $477M net earnings for nine months ended Sep 30, 2025; total assets $15.749B.
- Liberty Media’s Formula One common stock continues trading (FWONA, FWONK); Liberty Live Holdings begins trading Dec 16 on Nasdaq (LLYVA, LLYVK).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000110465925121236/0001104659-25-121236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000110465925121236/tm2533345d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-121236

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer