(Based on publicly available information as of april 30, 2021)

Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses.  Those interests are attributed to three tracking stock groups: the Braves Group, Formula One Group and Liberty SiriusXM Group.

The following tables set forth some of Liberty Media Corporation’s assets which may be held directly and indirectly through partnerships, joint ventures, common stock investments and/or instruments convertible into common stock. Ownership percentages in the tables are approximate and, where applicable, assume conversion to common stock by Liberty Media Corporation and, to the extent known by Liberty Media Corporation, other holders. In some cases, Liberty Media Corporation’s interest may be subject to buy/sell procedures, repurchase rights or dilution.

braves group

Entity

DESCRIPTION OF OPERATING BUSINESS

ATTRIBUTED SHARE COUNT(1)
(in millions)

ATTRIBUTED OWNERSHIP(2)

Braves Holdings, LLC
Owner of the Atlanta Braves, a Major League Baseball club, as well as certain of the Atlanta Braves' minor league clubs and associated real estate projects.
N/A
100%

Formula One GROUP

Entity

DESCRIPTION OF OPERATING BUSINESS

ATTRIBUTED SHARE COUNT(1)
(in millions)

ATTRIBUTED OWNERSHIP(2)

Associated Partners, L.P.
Investment and operating partnership that targets long-term, risk-balanced and tax-efficient returns.
N/A
33%
AT&T Inc.
(NYSE: T)
AT&T is a global leader in telecommunications, media and entertainment and technology. It executes in the market under three operating units: WarnerMedia, Communications and Latin America.
6.1
<1%
Braves Group (Intergroup Interest)
Consists of Liberty Media Corporation’s wholly owned subsidiary Braves Holdings, LLC, which owns the Atlanta Braves, a Major League Baseball club, as well as certain of the Atlanta Braves’ minor league clubs and associated real estate projects.
6.8
11% (3)
CLEAR
Transforming eyes and face into a touchless ID, allowing quick and secure confirmation of identity - unlocking frictionless experiences across the physical and digital world.
N/A
<1%
Drone Racing League, Inc.
DRL is the premier drone racing league. A sports and media company, DRL combines world-class pilots, iconic locations, and proprietary technology to create engaging drone racing content with mass appeal.
N/A
3%
Formula 1
Formula 1, which began in 1950, is an iconic global motorsports business.
N/A
100%
Padtec Holding S.A.(BOVESPA: PDCT3)
A Brazil-based global provider of flexible and high-capacity optical transport solutions.
3.9
5%
INRIX, Inc.
Provider of traffic data and analytics to auto OEM’s, governments, businesses and consumers.
N/A
4%
Kroenke Arena Company, LLC
Owner of the Ball Arena (formerly Pepsi Center), a sports and entertainment facility in Denver, Colorado.
N/A
7%
Liberty Media Acquisition Corporation
A blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
N/A
20%
Liberty Technology Venture Capital, LLC
Investment fund focused on Israeli technology companies.
N/A
80%
Meyer Shank Racing
An American racing team, currently competing in the NTT IndyCar Series and WeatherTech SportsCar Championship.
N/A
30%
Tastemade, Inc.
Tastemade brings the world’s leading tastemakers in food together to create high-quality shows in the food and lifestyle category for digital platforms.
N/A
6%

LIBERTY SIRIUSXM GROUP

Entity

DESCRIPTION OF OPERATING BUSINESS

ATTRIBUTED SHARE COUNT(1)
(in millions)

ATTRIBUTED OWNERSHIP(2)

Braves Group (Intergroup Interest)
Consists of Liberty Media Corporation’s wholly owned subsidiary Braves Holdings, LLC, which owns the Atlanta Braves, a Major League Baseball club, as well as certain of the Atlanta Braves’ minor league clubs and associated real estate projects.
2.3
4% (3)
Formula One Group (Intergroup Interest)
Consists of Liberty Media Corporation’s wholly owned subsidiary Formula 1 and various other investments.
5.3
2% (4)
iHeartMedia, Inc. (NASDAQ: IHRT)
American audio company with over 850 live broadcast stations and a leading streaming broadcast radio platform.
7.0
<5%((5)
Live Nation Entertainment, Inc.(NYSE: LYV)
Largest live entertainment company in the world, consisting of three segments: concerts, sponsorship and advertising and ticketing.
69.6(6)
32%
Sirius XM Holdings Inc.
(NASDAQ: SIRI)
A satellite radio company delivering commercial-free music plus sports, entertainment, comedy, talk, news, traffic and weather.
3,162.2
77.3%
  1. Applicable only for publicly-traded entities.
  2. Represents undiluted ownership interest unless otherwise noted. All ownership percentages are based on publicly available information as of April 30, 2021.
  3. Represents an inter-group interest in the Braves Group, which is not represented by outstanding shares.
  4. Represents an inter-group interest in the Formula One Group, which is not represented by outstanding shares.
  5. Ownership includes both iHeartMedia Class B common stock and warrants.
  6. Upon reattribution in April 2020, Formula One Group purchased a one year European-style call option on 34.8m LYV shares at a $36.72 strike from Liberty SiriusXM group, and simultaneously sold a one year European-style call option at a $47.74 strike, valued as an asset to Formula One Group and a liability to Liberty SiriusXMGroup.  In April 2021, Liberty SiriusXM Group paid $384 million to Formula One Group to settle its obligation under the call spread with respect to the shares of Live Nation.
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