Profile: Liberty Media Corp (LMCA.O)

LMCA.O on Nasdaq

32.03USD
11 Feb 2016
Change (% chg)

$-0.46 (-1.42%)
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Liberty Media Corporation, incorporated on August 10, 2012, owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company's businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc., and its equity affiliate Live Nation Entertainment, Inc. It also owns a portfolio of equity investments in publicly traded media companies, including Barnes & Noble, Inc., Time Warner Inc. and Viacom Inc.

SIRIUS XM

SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive music and other channels, plus features, such as Sirius XM On Demand and MySXM, over its Internet radio service, through applications for mobile devices. As of December 31, 2014, SIRIUS XM had over 27 million subscribers. SIRIUS XM offers discounts for prepaid and subscription plans, as well as discounts for multiple subscriptions. SIRIUS XM also derives revenue from activation and other fees, the sale of advertising on select non-music channels, the direct sale of satellite radios and accessories, and other ancillary services, such as weather, traffic, data and Backseat TV services. SIRIUS XM's satellite radios are distributed through automakers, retail stores and through its Website. SIRIUS XM also provides connected vehicle applications and services. SIRIUS XM offers a programming lineup of commercial-free music, sports, entertainment, comedy, talk, news, traffic and weather, including selection of music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin and classical; live play-by-play sports from leagues and colleges, and range of national, international and financial news, among others.

SIRIUS XM streams select music and non-music channels over the Internet. Its Internet radio service also includes channels and features that are not available on its satellite radio service. Access to its Internet radio service is offered to subscribers for a fee. SIRIUS XM also offers applications to allow consumers to access its Internet radio service on smartphones and tablet computers. SiriusXM On Demand offers SIRIUS XM's Internet radio subscribers listening on its online media player and on smartphones the ability to choose their favorite episodes from a catalog of content to listen to whenever they want. MySXM permits subscribers listening on SIRIUS XM's Internet radio service to personalize SIRIUS XM's existing commercial-free music and comedy channels. Channel-specific sliders allow users to create over 100 variations of each of more than 50 channels by adjusting characteristics, such as library depth, familiarity, music style, tempo, region and other channel-specific attributes.

SIRIUS XM owns a fleet of nine orbiting satellites, five in the Sirius system, FM-1, FM-2, FM-3, FM-5 and FM-6, and four in the XM system, XM-1, XM-3, XM-4 and XM-5. SIRIUS XM also has an equity interest in the satellite radio services offered in Canada through its investment in Sirius XM Canada Holdings, Inc. Certain of SIRIUS XM's music channels are offered as part of certain programming packages on the DISH Network satellite television service. SIRIUS XM offers Travel Link, a suite of data services that includes graphical weather, fuel prices, sports schedules and scores, and movie listings. SIRIUS XM also offers services that provide graphic information as to road closings, traffic flow and incident data to consumers with compatible in-vehicle navigation systems.

Atlanta National League Baseball Club, Inc.

Atlanta National League Baseball Club, Inc. (ANLBC) owns and operates the Atlanta Braves Major League Baseball (MLB) franchise and five league baseball clubs (the Gwinnett Braves, the Mississippi Braves, the Rome Braves, the Danville Braves and the GCL Braves). ANLBC also operates a baseball academy in the Dominican Republic and leases a baseball facility from a third-party in connection with its academy. ANLBC receives revenue from the sale of tickets for games played at Turner Field, as well as from in-stadium advertising, game-day sales of concessions and other goods and services in and around Turner Field. ANLBC also derives revenue from the sale of broadcasting rights to the Atlanta Braves baseball games.

Live Nation Entertainment, Inc.

Live Nation Entertainment, Inc. (Live Nation) has four business segments: Concerts, Ticketing, Artist Nation and Sponsorship & Advertising. Live Nation's Concerts segment involves the promotion of live music events in their owned or operated venues and in rented third-party venues, the operation and management of music venues and the production of music festivals across the world. As of 2014, Live Nation's Concerts business generated 69%, of Live Nation's total revenue. Live Nation promoted 22,800 live music events in 2014, including artists such as One Direction, Jay-Z and Beyonce, Justin Timberlake, Luke Bryan, Jason Aldean and Lady Gaga and through festivals, such as Electric Daisy Carnival, Rock Werchter, Reading and T in the Park.

Live Nation's Ticketing segment is an agency business that sells tickets for events on behalf of its clients and retains a fixed fee or a percentage of the total convenience charge and order processing fee for its services. Live Nation sells tickets for its events and also for third-party clients across multiple live event categories, providing ticketing services for arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums and theaters. Live Nation sells tickets through a websites, mobile apps, ticket outlets and telephone call centers. Live Nation's Ticketing segment also manages its online activities, including enhancements to its websites and bundled product offerings.

Live Nation's Artist Nation segment provides management services to music artists in exchange for a commission on the earnings of these artists. The Artist Nation segment also creates and sells merchandise for music artists at live performances, to retailers and directly to consumers via the Internet. As of 2014, the Artist Nation business generated 5% of Live Nation's total revenue. Live Nation's Sponsorship & Advertising segment employs a sales force that creates and maintains relationships with sponsors, through a combination of strategic, international, national and local opportunities that allow businesses to reach customers through its concert, venue, artist relationship and ticketing assets, including advertising on Live Nation websites. Live Nation also develops books and produces custom events or programs for its clients' specific brands. During 2014, the Sponsorship & Advertising business generated 4% of Live Nation's total revenue.

The Company competes with Beats Music, Google Play, Pandora, iHeartRadio, Spotify, iTunes Radio, Ford, Toyota and BMW/Mini.

Company Address

Liberty Media Corp

12300 Liberty Blvd
ENGLEWOOD   CO   80112-7009
P: +1720.8755400
F: +1302.6365454

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