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Liberty Media Corporation operates and owns interests in a range of media, communications and entertainment businesses. The Company’s businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. The Company operates through two segments. Sirius XM Holdings segment operates two complementary audio entertainment businesses, Sirius XM and Pandora and Off-platform.
Sirius XM features music, sports, entertainment, comedy, talk, news, traffic and weather channels and other content, as well as podcasts and infotainment services, in the U. S. on a subscription fee basis. The Pandora and Off-platform business operates a music, comedy and podcast streaming platform. Formula 1 segment is a global motorsports business that holds commercial rights with respect to the World Championship, an annual, approximately nine-month long, motor race-based competition. .