Liberty Media Corporation (FWONA)

Profile

https://www.libertymedia.com/formula-one-group

Liberty Media Corporation is a media and entertainment company that operates through its Formula One Group, primarily managing the commercial aspects of the FIA Formula One World Championship. This includes holding exclusive commercial rights to the annual global motor race series, generating revenue from race promotion, broadcasting rights, advertising, and sponsorships conducted across multiple countries. The Formula One Group also encompasses certain minority equity investments. As a tracking stock within Liberty Media's structure, it provides focused economic exposure to these assets, distinct from the company's other groups like Liberty SiriusXM Group and Liberty Live Group. Liberty Media Corporation engages in a broad portfolio of media, communications, and entertainment businesses, with Formula 1 serving as a key subsidiary driving motorsports-related operations. Founded in 1991 and headquartered in Englewood, Colorado, it plays a significant role in the global entertainment and sports sectors by commercializing one of the premier motorsport competitions.