A second memoir on Hollywood media mogul John Malone appears to be in the works.
“Well, he’s had one,” Liberty Media CEO Greg Maffei told the MoffettNathanson Media, Internet & Communications Conference during a session that was webcast on Tuesday. Maffei, who works hand-in-hand with Malone, was referring to the 2003 biography Cable Cowboy: John Malone and the Rise of the Modern Cable Business, by Mark Robichaux.
Maffei said Robichaux was at work on a second memoir, with no publication date specified. “He’s been working on that for at least three years. I remember getting interviewed for it a while ago,” Maffei added.
News of a new book about the original cable TV baron followed Maffei being asked how connected Malone was to his company after he signaled a semi-retirement. “John is not day-to-day, but obviously no major decision gets made without John’s approval. And frankly, even well before that,...
“Well, he’s had one,” Liberty Media CEO Greg Maffei told the MoffettNathanson Media, Internet & Communications Conference during a session that was webcast on Tuesday. Maffei, who works hand-in-hand with Malone, was referring to the 2003 biography Cable Cowboy: John Malone and the Rise of the Modern Cable Business, by Mark Robichaux.
Maffei said Robichaux was at work on a second memoir, with no publication date specified. “He’s been working on that for at least three years. I remember getting interviewed for it a while ago,” Maffei added.
News of a new book about the original cable TV baron followed Maffei being asked how connected Malone was to his company after he signaled a semi-retirement. “John is not day-to-day, but obviously no major decision gets made without John’s approval. And frankly, even well before that,...
- 5/14/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Liberty Media CEO Greg Maffei has echoed Live Nation CFO and president Joe Berchtold in arguing against the potential breakup of Live Nation and Ticketmaster as part of a potential lawsuit from the Department of Justice.
“The DOJ investigation appears focused on specific business practices within divisions of the company, not the merger or the business structure. Live doesn’t believe the breakup of Live Nation and Ticketmaster would be a legally defensible remedy,” Maffei told analysts during a morning call on Wednesday. The CEO’s remarks amplified comments by Berchtold during a Live Nation conference call on May 2.
Live Nation is set to hold talks with senior DOJ officials to avoid a potential separation of Live Nation and Ticketmaster. The original Live Nation merger with Ticketmaster that took place in 2010 was approved by the Department of Justice.
Liberty Media, the firm controlled by John Malone that owns such assets...
“The DOJ investigation appears focused on specific business practices within divisions of the company, not the merger or the business structure. Live doesn’t believe the breakup of Live Nation and Ticketmaster would be a legally defensible remedy,” Maffei told analysts during a morning call on Wednesday. The CEO’s remarks amplified comments by Berchtold during a Live Nation conference call on May 2.
Live Nation is set to hold talks with senior DOJ officials to avoid a potential separation of Live Nation and Ticketmaster. The original Live Nation merger with Ticketmaster that took place in 2010 was approved by the Department of Justice.
Liberty Media, the firm controlled by John Malone that owns such assets...
- 5/8/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Audio entertainment giant SiriusXM, the home of Howard Stern, reported on Tuesday that it lost 359,000 self-pay subscribers in its satellite radio unit in the first quarter.
The decline from a year-earlier loss of 347,000 self-pay subs resulted from fewer trial starts in late 2023 and higher first-quarter churn. Paid promotional subscribers during the latest quarter fell by 86,000 customers, compared to a gain of 66,000 subscribers in the category last year.
This added up to an overall first-quarter subscriber drop of 445,000, compared with 281,000 in the same quarter of 2023. SiriusXM, led by CEO Jennifer Witz, also reported self-pay subscribers of its Pandora Plus and Pandora Premium services fell by 64,000 during the first quarter, compared to a year-earlier loss of 7,000 subscribers.
During a morning analyst call, Witz conceded the launch of the new SiriusXM streaming app for some longtime customers had been “disruptive,” but added innovation to reach younger subscribers beyond cars was growing. “Our early...
The decline from a year-earlier loss of 347,000 self-pay subs resulted from fewer trial starts in late 2023 and higher first-quarter churn. Paid promotional subscribers during the latest quarter fell by 86,000 customers, compared to a gain of 66,000 subscribers in the category last year.
This added up to an overall first-quarter subscriber drop of 445,000, compared with 281,000 in the same quarter of 2023. SiriusXM, led by CEO Jennifer Witz, also reported self-pay subscribers of its Pandora Plus and Pandora Premium services fell by 64,000 during the first quarter, compared to a year-earlier loss of 7,000 subscribers.
During a morning analyst call, Witz conceded the launch of the new SiriusXM streaming app for some longtime customers had been “disruptive,” but added innovation to reach younger subscribers beyond cars was growing. “Our early...
- 4/30/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Comcast said chairman and chief executive Brian Roberts’ pay package for 2023 totaled $35.47 million, up from $32 million the year before. It included a $2.5 million base salary, stock awards valued at about $15 million, $9.2 million in option awards and $8.55 million in what’s called non-equity incentive plan compensation – like a cash bonus.
Proxies list the salaries of a company’s top five highest paid executives. They generally come out in the spring ahead of annual shareholder meetings.
Mike Cavanagh, Comcast president and Roberts’ no. 2, had a package worth $29.6 million, a drop from $40.5 million in 2022.
Proxy season, as it’s called, is drawing to a close with the last few in the media sector out today.
Earlier Friday, Liberty Media said CEO Greg Maffei was granted a package worth $28.7 million last year. And Kristin Dolan, who stepped into the CEO role at AMC Networks in February of 2023, had a package of $14.5 million for the year.
Proxies list the salaries of a company’s top five highest paid executives. They generally come out in the spring ahead of annual shareholder meetings.
Mike Cavanagh, Comcast president and Roberts’ no. 2, had a package worth $29.6 million, a drop from $40.5 million in 2022.
Proxy season, as it’s called, is drawing to a close with the last few in the media sector out today.
Earlier Friday, Liberty Media said CEO Greg Maffei was granted a package worth $28.7 million last year. And Kristin Dolan, who stepped into the CEO role at AMC Networks in February of 2023, had a package of $14.5 million for the year.
- 4/26/2024
- by Jill Goldsmith
- Deadline Film + TV
Media mogul John Malone’s Liberty Media — which owns audio entertainment powerhouse SiriusXM, the Formula One racing circuit, and a stake in events promoter Live Nation Entertainment, among others — has disclosed that president and CEO Greg Maffei’s 2023 compensation package amounted to $28.66 million, compared with $22.36 million in 2022. He had earned $21.58 million in 2021.
A regulatory filing emphasized that Maffei’s and other executives’ salary portion of their compensation packages “represents only that portion of each named executive officer’s salary that was allocated to our company,” adding that “the portion of Mr. Maffei’s base salary attributable to the former Braves Group” is reported in that company’s proxy statement. The proxy for the Braves, which Liberty previously split off, shows Maffei as having received a $210,000 salary in 2023.
Maffei’s Liberty Media compensation included $7.1 million in stock awards, which he had not received in 2022, while the value of his option awards...
A regulatory filing emphasized that Maffei’s and other executives’ salary portion of their compensation packages “represents only that portion of each named executive officer’s salary that was allocated to our company,” adding that “the portion of Mr. Maffei’s base salary attributable to the former Braves Group” is reported in that company’s proxy statement. The proxy for the Braves, which Liberty previously split off, shows Maffei as having received a $210,000 salary in 2023.
Maffei’s Liberty Media compensation included $7.1 million in stock awards, which he had not received in 2022, while the value of his option awards...
- 4/26/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
Billionaire investor John Malone’s Liberty Media has inked a deal to acquire 86% of Dorna Sports, the exclusive rights holder to the MotoGP world championship, from Bridgepoint and Canada Pension Plan Investment Board.
The deal for the motorcycle racing circuit, which reflects a 4.2 billion-euro (or $4.5 billion) enterprise value for MotoGP, expands Liberty’s sports assets led by Formula 1 racing. MotoGP will be attributed to Liberty Media’s Formula One Group tracking stock (Fwona). The deal is expected to close by year end.
MotoGP features races with top speeds above 360 kilometers per hour (223 miles per hour) and lean angles of over 60 degrees. From its first season in 1949 that staged six rounds across Europe, MotoGP has grown significantly and will host 21 races across 17 countries for the 2024 season. “The business benefits from an attractive financial profile with diversified and contracted revenue streams, high Ebitda margins and low capital intensity resulting in significant free cash flow,...
The deal for the motorcycle racing circuit, which reflects a 4.2 billion-euro (or $4.5 billion) enterprise value for MotoGP, expands Liberty’s sports assets led by Formula 1 racing. MotoGP will be attributed to Liberty Media’s Formula One Group tracking stock (Fwona). The deal is expected to close by year end.
MotoGP features races with top speeds above 360 kilometers per hour (223 miles per hour) and lean angles of over 60 degrees. From its first season in 1949 that staged six rounds across Europe, MotoGP has grown significantly and will host 21 races across 17 countries for the 2024 season. “The business benefits from an attractive financial profile with diversified and contracted revenue streams, high Ebitda margins and low capital intensity resulting in significant free cash flow,...
- 4/1/2024
- by Jill Goldsmith
- Deadline Film + TV
Formula 1 owner Liberty Media, led by chairman John Malone and CEO Greg Maffei, has struck a deal to acquire a big majority stake in the company behind the motorcycle racing circuit MotoGP in a deal that puts an enterprise value of 4.2 billion euro ($4.5 billion) on the firm.
The deal for Madrid-based Dorna Sports, which is the commercial rights holder for MotoGP, comes after the likes of UFC and WWE owner Tko Group, run by Ari Emanuel, and Qatar Sports Investments had also looked at a possible takeover, according to reports.
Liberty said the transaction also amounts to an equity value of 3.5 billion euro ($3.8 billion) for the company, “with the existing debt balance at MotoGP expected to remain in place after close.” Liberty said it will attribute MotoGP to its Formula One Group tracking stock and expects to pay for the business with approximately 65 percent in cash and 21 percent in...
The deal for Madrid-based Dorna Sports, which is the commercial rights holder for MotoGP, comes after the likes of UFC and WWE owner Tko Group, run by Ari Emanuel, and Qatar Sports Investments had also looked at a possible takeover, according to reports.
Liberty said the transaction also amounts to an equity value of 3.5 billion euro ($3.8 billion) for the company, “with the existing debt balance at MotoGP expected to remain in place after close.” Liberty said it will attribute MotoGP to its Formula One Group tracking stock and expects to pay for the business with approximately 65 percent in cash and 21 percent in...
- 4/1/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
Liberty Media, the company controlled by billionaire mogul John Malone that owns such assets as audio entertainment giant SiriusXM and the Formula 1 racing circuit, reported fourth-quarter financials on Wednesday, touting growth at Live Nation Entertainment, which recently posted a record 2023 and projected continued momentum in 2024.
Live Nation is “capitalizing on the globalization of the music industry, with 2024 already poised to surpass a record 2023,” Liberty Media CEO Greg Maffei said in the earnings update.
Quarterly revenue at the Formula 1 Group’s revenue jumped from $754 million to $1.23 billion, the company disclosed in its earnings report. SiriusXM, the home of Howard Stern, recorded a slight gain in revenue for the final quarter of 2023 to $2.29 billion.
In terms of operating profit, Liberty SiriusXM Group posted a decline from $529 million to $455 million profit for the fourth quarter, while the Formula 1 operating result jumped from a profit of $41 million to a profit of $122 million.
Liberty...
Live Nation is “capitalizing on the globalization of the music industry, with 2024 already poised to surpass a record 2023,” Liberty Media CEO Greg Maffei said in the earnings update.
Quarterly revenue at the Formula 1 Group’s revenue jumped from $754 million to $1.23 billion, the company disclosed in its earnings report. SiriusXM, the home of Howard Stern, recorded a slight gain in revenue for the final quarter of 2023 to $2.29 billion.
In terms of operating profit, Liberty SiriusXM Group posted a decline from $529 million to $455 million profit for the fourth quarter, while the Formula 1 operating result jumped from a profit of $41 million to a profit of $122 million.
Liberty...
- 2/28/2024
- by Georg Szalai and Etan Vlessing
- The Hollywood Reporter - Movie News
Liberty Media’s Liberty SiriusXM tracking stock group will combine with satellite radio and audio entertainment giant SiriusXM to create a new public company, dubbed “New SiriusXM,” which will continue to operate under the SiriusXM brand, the companies said on Tuesday.
Liberty, led by president and CEO Greg Maffei and chairman John Malone, owned an 83 percent stake in SiriusXM as of July 31. Liberty, led by president and CEO Greg Maffei and chairman John Malone, says on its website that it owned an 83 percent stake in Sirius Xm as of July 31.
New SiriusXM shares are expected to continue to be traded on the Nasdaq Global Select Market under the ticker symbol “Siri.” The deal simplifies the ownership structure of SiriusXM and follows a September proposal submitted by Liberty.
“We have reached an important milestone in Liberty’s ownership of SiriusXM. This combination will create value for all stockholders by eliminating the tracking stock structure,...
Liberty, led by president and CEO Greg Maffei and chairman John Malone, owned an 83 percent stake in SiriusXM as of July 31. Liberty, led by president and CEO Greg Maffei and chairman John Malone, says on its website that it owned an 83 percent stake in Sirius Xm as of July 31.
New SiriusXM shares are expected to continue to be traded on the Nasdaq Global Select Market under the ticker symbol “Siri.” The deal simplifies the ownership structure of SiriusXM and follows a September proposal submitted by Liberty.
“We have reached an important milestone in Liberty’s ownership of SiriusXM. This combination will create value for all stockholders by eliminating the tracking stock structure,...
- 12/12/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
Comedian Bert Kreischer got more than he bargained for as host of Netflix’s first-ever live sports event, the Netflix Cup, when a female protester ran onto the scene at the Wynn Golf Course in Las Vegas and he instinctively sprang into action, tackling her on camera.
In an exclusive interview with Deadline, Kreischer explains that the events of Tuesday afternoon transpired so quickly, he barely recalled what happened in the aftermath. “When we got done, someone at Netflix came up to me and they’re like, ‘Hey, you’re going viral’ and I was like, ‘For what?’ And they’re like, ‘The protestor,'” Kreischer says. “I literally, honestly didn’t even think about it. I really don’t have a recollection of it, other than being in production mode and being like, ‘Hey, you can’t get in the shot.'”
Kreischer’s instinctual fear when he first...
In an exclusive interview with Deadline, Kreischer explains that the events of Tuesday afternoon transpired so quickly, he barely recalled what happened in the aftermath. “When we got done, someone at Netflix came up to me and they’re like, ‘Hey, you’re going viral’ and I was like, ‘For what?’ And they’re like, ‘The protestor,'” Kreischer says. “I literally, honestly didn’t even think about it. I really don’t have a recollection of it, other than being in production mode and being like, ‘Hey, you can’t get in the shot.'”
Kreischer’s instinctual fear when he first...
- 11/16/2023
- by Matt Grobar
- Deadline Film + TV
A Live Nation Entertainment shareholder has sued the company as well as the individual members of its board of directors over clams that the ticket and concert promotion giant intentionally misled them and failed to disclose anticompetitive practices.
Mark Zwick, who claimed to be a current investor in Live Nation, filed a suit in federal court in California on Friday, bringing forward similar allegations as were included in a separate class action lawsuit filed in federal court three months ago.
The new suit referenced the previous class action as well...
Mark Zwick, who claimed to be a current investor in Live Nation, filed a suit in federal court in California on Friday, bringing forward similar allegations as were included in a separate class action lawsuit filed in federal court three months ago.
The new suit referenced the previous class action as well...
- 11/10/2023
- by Ethan Millman
- Rollingstone.com
John Malone-owned Liberty Media is revving up for Formula One’s landmark race on the Las Vegas strip set to unspool with fanfare next weekend.
Formula One, a promoter of the race, and owed by Liberty, has been prepping the Formula 1 Heineken Silver Las Vegas Grand Prix for a year, building a 3.8-mile track (6.2 kilometers) that starts at 10 Pt Saturday after a weekend of practice and qualifying sessions. It airs on ESPN.
Liberty leased Jim Dolan’s new Las Vegas Sphere, inside and out — so no U2 that weekend. The company bought out all external ad space and leased some out, said CEO Greg Maffei at Liberty Media investor conference in New York today. “It was necessary for us, because we have to be on their land.” He said the event will hold a “recovery brunch” inside the structure on Sunday morning showing highlights of the race.
There’s a...
Formula One, a promoter of the race, and owed by Liberty, has been prepping the Formula 1 Heineken Silver Las Vegas Grand Prix for a year, building a 3.8-mile track (6.2 kilometers) that starts at 10 Pt Saturday after a weekend of practice and qualifying sessions. It airs on ESPN.
Liberty leased Jim Dolan’s new Las Vegas Sphere, inside and out — so no U2 that weekend. The company bought out all external ad space and leased some out, said CEO Greg Maffei at Liberty Media investor conference in New York today. “It was necessary for us, because we have to be on their land.” He said the event will hold a “recovery brunch” inside the structure on Sunday morning showing highlights of the race.
There’s a...
- 11/9/2023
- by Jill Goldsmith
- Deadline Film + TV
Despite lucrative TV deals at hand for owners of popular sport properties, changing viewer habits as streaming platforms sign billion-dollar deals has Liberty Media Corp. CEO Greg Maffei, owner of the Formula One circuit, a touch wary over how loyal fans will continue to find their favorite sports.
“There are certainly trends about fragmentation of the market that might give you pause. Nonetheless, we’ve seen pretty good increases at some properties,” Maffei told analysts during a morning call after releasing his third quarter financial results.
But Maffei added his company’s ownership of the Formula One race car circuit puts him in a good position to buck an overall market where the entry of streaming platforms as major buyers has fans scrambling to follow their favorite sports on an expanding array of platforms.
“I feel very comfortable about the F1 renewals, much more than I do with the overall market,...
“There are certainly trends about fragmentation of the market that might give you pause. Nonetheless, we’ve seen pretty good increases at some properties,” Maffei told analysts during a morning call after releasing his third quarter financial results.
But Maffei added his company’s ownership of the Formula One race car circuit puts him in a good position to buck an overall market where the entry of streaming platforms as major buyers has fans scrambling to follow their favorite sports on an expanding array of platforms.
“I feel very comfortable about the F1 renewals, much more than I do with the overall market,...
- 11/3/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Tiger Woods and Rory McIlroy’s Tmrw Sports Adds Justin Bieber and DJ Khaled As Investors (Exclusive)
A handful of heavyweights from the music industry are betting that America has an unmet appetite for golf content.
Justin Bieber, DJ Khaled, Macklemore, Darius Rucker and Jake Owen have signed on as investors in Tmrw Sports, a sports, media and entertainment company co-founded by golfers Tiger Woods and Rory McIlroy, and media veteran Mike McCarley.
The first venture from Tmrw Sports is a made-for-tv golf league called the Tgl, which will develop tech-forward golf competitions, to be held in a custom-built arena live in primetime. Woods, McIlroy, Adam Scott, Jon Rahm and other PGA Tour pros have already committed to participating when it goes live next year.
While Tmrw Sports’ initial investment round was led by Connect Ventures and 25madison Ventures, it has since added a who’s who of backers from the sports, entertainment and tech worlds. MLB star Mike Trout, NBA legends Shaquille O’Neal and Dwyane Wade,...
Justin Bieber, DJ Khaled, Macklemore, Darius Rucker and Jake Owen have signed on as investors in Tmrw Sports, a sports, media and entertainment company co-founded by golfers Tiger Woods and Rory McIlroy, and media veteran Mike McCarley.
The first venture from Tmrw Sports is a made-for-tv golf league called the Tgl, which will develop tech-forward golf competitions, to be held in a custom-built arena live in primetime. Woods, McIlroy, Adam Scott, Jon Rahm and other PGA Tour pros have already committed to participating when it goes live next year.
While Tmrw Sports’ initial investment round was led by Connect Ventures and 25madison Ventures, it has since added a who’s who of backers from the sports, entertainment and tech worlds. MLB star Mike Trout, NBA legends Shaquille O’Neal and Dwyane Wade,...
- 5/24/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Liberty Media CEO Greg Maffei has poured water on speculation Saudi Arabia’s sovereign wealth fund is looking to mount a takeover bid for Formula One.
“Is there any chance we’re going to sell this thing and incur corporate tax? That should stop any discussion that anyone says that our friends, the Saudis, are going to buy it next week or something like that? If anybody knows us, they should know that’s just not in our cards,” Maffei told the MoffettNathanson Inaugural Technology, Media and Telecom conference during a session that was webcast.
John Malone’s Liberty Media paid $4.4 billion to buy the motorsports giant in 2017 and has since invested to boost the consumer appeal of the auto racing series, a marquee event for TV sport channels worldwide. Paramount+ recently became an official partner of the racing cars circuit as Formula 1 increases its profile online.
In January...
“Is there any chance we’re going to sell this thing and incur corporate tax? That should stop any discussion that anyone says that our friends, the Saudis, are going to buy it next week or something like that? If anybody knows us, they should know that’s just not in our cards,” Maffei told the MoffettNathanson Inaugural Technology, Media and Telecom conference during a session that was webcast.
John Malone’s Liberty Media paid $4.4 billion to buy the motorsports giant in 2017 and has since invested to boost the consumer appeal of the auto racing series, a marquee event for TV sport channels worldwide. Paramount+ recently became an official partner of the racing cars circuit as Formula 1 increases its profile online.
In January...
- 5/16/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Liberty Media, the company controlled by billionaire mogul John Malone that houses assets like audio entertainment giant SiriusXM, the Atlanta Braves baseball club and the Formula One racing circuit, reported fourth-quarter financials on Wednesday.
Overall revenue at Liberty Media for the year to Dec. 31 came to $11.4 billion, with net earnings attributable to shareholders reaching $398 million. Quarterly revenue at the Atlanta Braves nearly doubled to $102 million, compared to a year-earlier $53 million, while the Formula One Group’s revenue hit $787 million, up from a year-earlier $754 million, according to the earnings report.
SiriusXM, the home of Howard Stern, saw revenue for the three months to the end of 2022, come in virtually unchanged at $2.283 billion, against a year-earlier $2.281 billion. Liberty Media has three main business holdings backed by tracking stocks – SiriusXM and Live Nation Entertainment, the Atlanta Braves and Formula One.
Operating income for Liberty SiriusXM Group came to $450 million, down from a year earlier $529 million,...
Overall revenue at Liberty Media for the year to Dec. 31 came to $11.4 billion, with net earnings attributable to shareholders reaching $398 million. Quarterly revenue at the Atlanta Braves nearly doubled to $102 million, compared to a year-earlier $53 million, while the Formula One Group’s revenue hit $787 million, up from a year-earlier $754 million, according to the earnings report.
SiriusXM, the home of Howard Stern, saw revenue for the three months to the end of 2022, come in virtually unchanged at $2.283 billion, against a year-earlier $2.281 billion. Liberty Media has three main business holdings backed by tracking stocks – SiriusXM and Live Nation Entertainment, the Atlanta Braves and Formula One.
Operating income for Liberty SiriusXM Group came to $450 million, down from a year earlier $529 million,...
- 3/1/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Some extremely lucky Taylor Swift fans are getting another opportunity to scoop up leftover tickets to the pop star’s “Eras Tour.”
On Monday, Dec. 12, Ticketmaster — which has faced intense scrutiny for the way it handled the massive demand for Swift tickets — sent emails to some folks who’d signed up for the “Verified Fan” presale but couldn’t get tickets on the first go.
The email read in part, “You have been identified as a fan who received a boost during the Verified Fan presale but did not purchase tickets.
On Monday, Dec. 12, Ticketmaster — which has faced intense scrutiny for the way it handled the massive demand for Swift tickets — sent emails to some folks who’d signed up for the “Verified Fan” presale but couldn’t get tickets on the first go.
The email read in part, “You have been identified as a fan who received a boost during the Verified Fan presale but did not purchase tickets.
- 12/12/2022
- by Jon Blistein
- Rollingstone.com
Live Nation and Ticketmaster are once again facing severe backlash from music fans, this time following the disastrous on-sale period for Taylor Swift’s upcoming Eras tour that left thousands of Swifties angry as Ticketmaster’s website glitched and crashed due to the overwhelming demand for tickets.
Customers lamented the same issues they’ve had for years with Ticketmaster, drawing in attention from politicians who are looking for answers. Last week, Sen. Amy Klobuchar (D-Minn.) sent a letter to Live Nation entertainment CEO Michael Rapino voicing her antitrust concerns. Last Friday,...
Customers lamented the same issues they’ve had for years with Ticketmaster, drawing in attention from politicians who are looking for answers. Last week, Sen. Amy Klobuchar (D-Minn.) sent a letter to Live Nation entertainment CEO Michael Rapino voicing her antitrust concerns. Last Friday,...
- 11/22/2022
- by Alexandria Ocasio-Cortez
- Rollingstone.com
Taylor Swift has hit back at Ticketmaster, saying the company “assured” her and her team that it would be able to meet the demand for her Eras Tour. Which, as the on-sale chaos this week suggested, it was not.
In a statement shared on Instagram Stories, Swift said, “There are a multitude of reasons why people had such a hard time trying to get tickets and I’m trying to figure out how this situation can be improved moving forward. I’m not going to make excuses for anyone because we asked them,...
In a statement shared on Instagram Stories, Swift said, “There are a multitude of reasons why people had such a hard time trying to get tickets and I’m trying to figure out how this situation can be improved moving forward. I’m not going to make excuses for anyone because we asked them,...
- 11/18/2022
- by Jon Blistein
- Rollingstone.com
Ticketmaster has dashed the hopes and ruined the Christmas of millions of Taylor Swift fans still hoping to get tickets to The Eras Tour with the announcement that tomorrow’s general on-sale has been canceled.
In a tweet on Thursday, Ticketmaster alerted fans that “Due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand, tomorrow’s public on-sale for Taylor Swift | The Eras Tour has been cancelled.”
Due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand,...
In a tweet on Thursday, Ticketmaster alerted fans that “Due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand, tomorrow’s public on-sale for Taylor Swift | The Eras Tour has been cancelled.”
Due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand,...
- 11/17/2022
- by Daniel Kreps
- Rollingstone.com
Update: Ticketmaster canceled plans for a public sale of Taylor Swift tickets. Read the full story here.
Previously, 12:02 Pm Pt: Sen. Amy Klobuchar (D-mn), the chair of the Senate antitrust subcommittee, fired off a letter to Ticketmaster on Thursday amid concerns that the outages on its site for Taylor Swift concerts reflect a lack of competition in the business.
In a letter to Live Nation Entertainment CEO Michael Rapino, Klobuchar wrote that she had “serious concerns about the state of competition in the ticketing industry and its harmful impact on consumers. Reports about system failures, increasing fees, and complaints of conduct that violate the consent decree Ticketmaster is under suggest that Ticketmaster continues to abuse its market positions.”
Klobuchar has been a critic of the concert ticket market, and argued that Ticketmaster’s “power in the primary ticket market insulates it from the competitive pressures that typically push companies...
Previously, 12:02 Pm Pt: Sen. Amy Klobuchar (D-mn), the chair of the Senate antitrust subcommittee, fired off a letter to Ticketmaster on Thursday amid concerns that the outages on its site for Taylor Swift concerts reflect a lack of competition in the business.
In a letter to Live Nation Entertainment CEO Michael Rapino, Klobuchar wrote that she had “serious concerns about the state of competition in the ticketing industry and its harmful impact on consumers. Reports about system failures, increasing fees, and complaints of conduct that violate the consent decree Ticketmaster is under suggest that Ticketmaster continues to abuse its market positions.”
Klobuchar has been a critic of the concert ticket market, and argued that Ticketmaster’s “power in the primary ticket market insulates it from the competitive pressures that typically push companies...
- 11/17/2022
- by Ted Johnson
- Deadline Film + TV
“Don’t Blame Me (Live Nation’s Version)” is on repeat for Live Nation Entertainment company chairman Greg Maffei in the aftermath of the Ticketmaster Verified Fan presale for Taylor Swift’s forthcoming Eras stadium tour. Hours-long wait times, platinum ticket pricing, and site glitches resulting from completely unprepared and overloaded website servers made for a hellish ticket-purchasing experience for fans. But Maffei claims that the fault isn’t on Live Nation or Ticketmaster, but on the incomprehensible demand. The singer, he suggests, is simply too famous – in fact, she...
- 11/17/2022
- by Larisha Paul
- Rollingstone.com
John Malone’s Liberty Media is splitting off 2021 World Series champions the Atlanta Braves Baseball Club and related assets into a separate public company “to better highlight its strong value.”
As part of a rejiggering of the Liberty universe, it is also creating a new tracking stock called Liberty Live to house its stake in Live Nation.
Liberty Live would join reconfigured Liberty Sirius Xm and Liberty Formula One tracking stocks. These are specialized equities that highlight a specific division or segment of a business but where outside investors have little or no control. They became big in the 1990s and have been a hallmark of Malone, a former telco and cable titan and highly regarded investor and financial engineer. Liberty’s holdings over the years have touched much of media, including a big stake in Warner Bros. Discovery.
The Braves’ assets are also currently held in a tracking stock,...
As part of a rejiggering of the Liberty universe, it is also creating a new tracking stock called Liberty Live to house its stake in Live Nation.
Liberty Live would join reconfigured Liberty Sirius Xm and Liberty Formula One tracking stocks. These are specialized equities that highlight a specific division or segment of a business but where outside investors have little or no control. They became big in the 1990s and have been a hallmark of Malone, a former telco and cable titan and highly regarded investor and financial engineer. Liberty’s holdings over the years have touched much of media, including a big stake in Warner Bros. Discovery.
The Braves’ assets are also currently held in a tracking stock,...
- 11/17/2022
- by Jill Goldsmith
- Deadline Film + TV
Liberty Media to Split Off Atlanta Braves, Create Liberty Live Tracking Stock With Live Nation Stake
Click here to read the full article.
John Malone’s Liberty Media Corp. said Thursday that its board of directors has authorized management to pursue a split-off of the Atlanta Braves and its associated real estate development project, along with the creation of a new Liberty Live Group tracking stock, which will house the company’s 31 percent stake in Live Nation Entertainment, among other things.
After unveiling plans to split off the Braves, Greg Maffei, Liberty Media president and CEO, during an investor day presentation speculated about a higher valuation or even buyer interest in the Major League Baseball team. “You may have noticed there’s high demand out there for sports assets. Money is flowing into the ecosystem, with new players of all sorts driving demand,” he told investors of the industry backdrop.
“Among baseball teams, Baltimore and Washington are rumored to be contemplating a sale. We’d argue,...
John Malone’s Liberty Media Corp. said Thursday that its board of directors has authorized management to pursue a split-off of the Atlanta Braves and its associated real estate development project, along with the creation of a new Liberty Live Group tracking stock, which will house the company’s 31 percent stake in Live Nation Entertainment, among other things.
After unveiling plans to split off the Braves, Greg Maffei, Liberty Media president and CEO, during an investor day presentation speculated about a higher valuation or even buyer interest in the Major League Baseball team. “You may have noticed there’s high demand out there for sports assets. Money is flowing into the ecosystem, with new players of all sorts driving demand,” he told investors of the industry backdrop.
“Among baseball teams, Baltimore and Washington are rumored to be contemplating a sale. We’d argue,...
- 11/17/2022
- by Georg Szalai and Etan Vlessing
- The Hollywood Reporter - Movie News
Click here to read the full article.
Liberty Media Acquisition Corp., a special purpose acquisition company (Spac) launched by John Malone’s Liberty Media a couple of years ago in hopes of finding at least one takeover target, has taken a key step towards closing down the financial vehicle.
On Monday, a virtual special meeting of stockholders voted in favor of the move by approving updates to its certificate of incorporation, which allow it “to unwind and redeem all of its outstanding public shares prior to Dec. 30,” which is “in advance of the contractual termination date of Jan. 26, 2023.”
Liberty Media president and CEO Greg Maffei told the online meeting that his company — which owns the Atlanta Braves and the Formula One race car circuit among other media and entertainment assets — looked at around 140 companies in all as potential acquisitions, without identifying who they were. He added a picky Liberty Media...
Liberty Media Acquisition Corp., a special purpose acquisition company (Spac) launched by John Malone’s Liberty Media a couple of years ago in hopes of finding at least one takeover target, has taken a key step towards closing down the financial vehicle.
On Monday, a virtual special meeting of stockholders voted in favor of the move by approving updates to its certificate of incorporation, which allow it “to unwind and redeem all of its outstanding public shares prior to Dec. 30,” which is “in advance of the contractual termination date of Jan. 26, 2023.”
Liberty Media president and CEO Greg Maffei told the online meeting that his company — which owns the Atlanta Braves and the Formula One race car circuit among other media and entertainment assets — looked at around 140 companies in all as potential acquisitions, without identifying who they were. He added a picky Liberty Media...
- 11/14/2022
- by Georg Szalai and Etan Vlessing
- The Hollywood Reporter - Movie News
Sun Valley, Idaho — The moguls have arrived.
On Tuesday, dozens of titans of the business, media and tech worlds came out to play at the Sun Valley Lodge in Idaho for the start of Allen & Co.’s annual meeting of movers and shakers.
The invitation-only conference will include three days of seminars and meetings that are held away from the prying eyes of the public, which kick off Wednesday morning. So today was all about meeting and greeting each other at the posh retreat in Idaho’s picturesque Sawtooth Mountains.
Arrivals began at the Sun Valley Lodge around 11 a.m. local time, with CNN’s Anderson Cooper, Comcast chief Brian Roberts, Imagine’s Brian Grazer, Walmart CEO Doug McMillon, NBCUniversal chief Jeff Shell, Paramount Global chairman Shari Redstone and investor Jeffrey Katzenberg among the first to check in, receive their agenda briefing books and strap on a mask before receiving a Covid test.
On Tuesday, dozens of titans of the business, media and tech worlds came out to play at the Sun Valley Lodge in Idaho for the start of Allen & Co.’s annual meeting of movers and shakers.
The invitation-only conference will include three days of seminars and meetings that are held away from the prying eyes of the public, which kick off Wednesday morning. So today was all about meeting and greeting each other at the posh retreat in Idaho’s picturesque Sawtooth Mountains.
Arrivals began at the Sun Valley Lodge around 11 a.m. local time, with CNN’s Anderson Cooper, Comcast chief Brian Roberts, Imagine’s Brian Grazer, Walmart CEO Doug McMillon, NBCUniversal chief Jeff Shell, Paramount Global chairman Shari Redstone and investor Jeffrey Katzenberg among the first to check in, receive their agenda briefing books and strap on a mask before receiving a Covid test.
- 7/6/2022
- by Jennifer Maas
- Variety Film + TV
U.S. media rights to Liberty Media’s rising auto racing circuit Formula 1 have reportedly been renewed by ESPN through 2025 after the Disney-owned sports operation outmaneuvered Netflix and other tech suitors.
The pact is worth in the area of 75 million to 90 million a year, according to Sports Business Journal, which first reported the deal. While such a number would be exponentially higher than the 5 million level of the current contract, it is believed to be less than what several tech giants were offering.
Reps for ESPN and Formula 1 declined to comment on the report when contacted by Deadline. Complete plans for how the package would be delivered remain under wraps, but other sports set up at ESPN find their way across ESPN, ESPN2, ESPN+, ABC and other platforms.
Netflix is understood to have joined the bidding, in a departure from its prior avoidance of live sports. It justified the...
The pact is worth in the area of 75 million to 90 million a year, according to Sports Business Journal, which first reported the deal. While such a number would be exponentially higher than the 5 million level of the current contract, it is believed to be less than what several tech giants were offering.
Reps for ESPN and Formula 1 declined to comment on the report when contacted by Deadline. Complete plans for how the package would be delivered remain under wraps, but other sports set up at ESPN find their way across ESPN, ESPN2, ESPN+, ABC and other platforms.
Netflix is understood to have joined the bidding, in a departure from its prior avoidance of live sports. It justified the...
- 6/24/2022
- by Dade Hayes
- Deadline Film + TV
Formula 1 is back on familiar turf this weekend at the Monaco Grand Prix, a glamour-wrapped race that has been a fixture since 1929.
While many of the track contours and Côte d’Azur vistas are little changed, the auto racing circuit itself has a decidedly revamped look. Earlier this month, it made a splashy debut in Miami, the latest stop in its U.S. expansion, which will take it to Las Vegas next year. That bow followed the arrival of the latest season of Netflix docu hit Drive to Survive, with the show adding pop-culture luster to negotiations for a potentially lucrative new U.S. media deal.
“The American market is ready for F1,” Formula One Group CEO Stefano Domenicali told Deadline in an interview ahead of today’s race. “Being ready means that we need to keep working on the fact that we need to stay connected with our fans in the U.
While many of the track contours and Côte d’Azur vistas are little changed, the auto racing circuit itself has a decidedly revamped look. Earlier this month, it made a splashy debut in Miami, the latest stop in its U.S. expansion, which will take it to Las Vegas next year. That bow followed the arrival of the latest season of Netflix docu hit Drive to Survive, with the show adding pop-culture luster to negotiations for a potentially lucrative new U.S. media deal.
“The American market is ready for F1,” Formula One Group CEO Stefano Domenicali told Deadline in an interview ahead of today’s race. “Being ready means that we need to keep working on the fact that we need to stay connected with our fans in the U.
- 5/28/2022
- by Dade Hayes
- Deadline Film + TV
Tom Rutledge, chairman and CEO of Charter Communications, saw his 2021 compensation rise to $41.9 million from $38.8 million in 2020.
The company, which is the No. 2 U.S. cable TV operator and also a major broadband provider, disclosed the figure in its annual proxy statement to the SEC. Charter and many of its peers in cable and broadband saw fortunes rise during the coronavirus pandemic as customers’ needs for connectivity and entertainment intensified.
Rutledge earned a base salary of $2.5 million, $30 million in stock option awards and another $8.9 million in non-equity bonuses. The former exec at Cablevision and Time Warner Cable took the helm at Charter in 2012 and helped engineer its acquisitions of Time Warner Cable as well as Bright House.
John Malone was a driving force of Charter in the 2010s, backing its rise through the TWC and Bright House deals.
The company, which is the No. 2 U.S. cable TV operator and also a major broadband provider, disclosed the figure in its annual proxy statement to the SEC. Charter and many of its peers in cable and broadband saw fortunes rise during the coronavirus pandemic as customers’ needs for connectivity and entertainment intensified.
Rutledge earned a base salary of $2.5 million, $30 million in stock option awards and another $8.9 million in non-equity bonuses. The former exec at Cablevision and Time Warner Cable took the helm at Charter in 2012 and helped engineer its acquisitions of Time Warner Cable as well as Bright House.
John Malone was a driving force of Charter in the 2010s, backing its rise through the TWC and Bright House deals.
- 3/17/2022
- by Dade Hayes
- Deadline Film + TV
Lionsgate CEO Jon Feltheimer saw his total compensation rise by 73% to $19.2 million for the company’s fiscal year ended in March on a bigger bonus and higher option awards.
The executive earned $11.1 million the year before, according to a proxy statement filed Thursday with the SEC that lists salaries of a company’s top five highest paid execs.
His base salary of $1.5 million was unchanged. His bonus was bumped to $10 million from $6.3 million and his option awards to $6.7 million from $1.5 million. Stock awards fell by about half to $700,000.
Vice chair Michael Burns earned $8.5 million from about $6.4 million.
The proxy noted new employment agreements with Feltheimer, Burns and general counse Corii Berg during fiscal 2021. “Accordingly, the compensation for these executives reported in the table for such fiscal year was significantly higher than the compensation reported for the other fiscal years covered by the table. The increase was also higher, in part,...
The executive earned $11.1 million the year before, according to a proxy statement filed Thursday with the SEC that lists salaries of a company’s top five highest paid execs.
His base salary of $1.5 million was unchanged. His bonus was bumped to $10 million from $6.3 million and his option awards to $6.7 million from $1.5 million. Stock awards fell by about half to $700,000.
Vice chair Michael Burns earned $8.5 million from about $6.4 million.
The proxy noted new employment agreements with Feltheimer, Burns and general counse Corii Berg during fiscal 2021. “Accordingly, the compensation for these executives reported in the table for such fiscal year was significantly higher than the compensation reported for the other fiscal years covered by the table. The increase was also higher, in part,...
- 7/29/2021
- by Jill Goldsmith
- Deadline Film + TV
Liberty Media CEO Greg Maffei saw his total compensation rise to $47 million last year from $44 million in 2019 on large option and stock grants.
Maffei’s base pay was $871,880 but he received an option award worth nearly $25 million and a stock award of $8.3 million, according to the company’s proxy statement filed with the SEC Wednesday. He was also granted non-equity incentive compensation – a cash payment – of $11.7 million.
Liberty Media, founder John Malone’s complex holding company based in Denver, owns interests in a range of media, communications assets through three tracking stocks: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. Maffei signed a new five year employment agreement with Liberty in December of 2019 that called for stock and option grants in Dec. 2019 and Dec. 2020.
Liberty SiriusXM Group includes Liberty’s stakes in SiriusXM and Live Nation Entertainment; Braves Group includes the Braves Holdings, which indirectly owns...
Maffei’s base pay was $871,880 but he received an option award worth nearly $25 million and a stock award of $8.3 million, according to the company’s proxy statement filed with the SEC Wednesday. He was also granted non-equity incentive compensation – a cash payment – of $11.7 million.
Liberty Media, founder John Malone’s complex holding company based in Denver, owns interests in a range of media, communications assets through three tracking stocks: the Liberty SiriusXM Group, the Braves Group and the Formula One Group. Maffei signed a new five year employment agreement with Liberty in December of 2019 that called for stock and option grants in Dec. 2019 and Dec. 2020.
Liberty SiriusXM Group includes Liberty’s stakes in SiriusXM and Live Nation Entertainment; Braves Group includes the Braves Holdings, which indirectly owns...
- 4/14/2021
- by Jill Goldsmith
- Deadline Film + TV
John Malone’s Liberty Media — which owns audio entertainment giant SiriusXM, the Atlanta Braves baseball team and the Formula One racing circuit — disclosed that president and CEO Gregory Maffei’s 2020 compensation amounted to $47.1 million, up from $44 million in 2019 and $20.1 million in 2018.
He had made $19.8 million in 2017 and $16.9 million in 2016. The pay details were disclosed in a regulatory filing with the Securities and Exchange Commission.
Maffei’s salary last year was $871,880, against a salary of $1.16 million in 2019. In April 2020,...
He had made $19.8 million in 2017 and $16.9 million in 2016. The pay details were disclosed in a regulatory filing with the Securities and Exchange Commission.
Maffei’s salary last year was $871,880, against a salary of $1.16 million in 2019. In April 2020,...
- 4/14/2021
- The Hollywood Reporter - Film + TV
In a lively morning of executive shuffles, AMC Networks said Sean Sullivan, chief financial officer, will be jumping to SiriusXM in mid-October, as the satellite broadcaster announced that its CEO Jim Meyer and its CFO David Frear are both stepping down.
AMC Networks said it will appoint an interim CFO or successor prior to Sullivan’s departure.
SiriusXM said Meyer will retire on December 31 and Jennifer Witz, president, Sales, Marketing and Operations, will take the reins as chief executive.
One of Meyer’s major tasks in recent months has been negotiating to keep star host Howard Stern in the house as his contract expires at year end. At a conference last week, Meyer said he’s “optimistic” about striking a new deal with Stern, whose renewal has been a focus of Wall Street and the press for months as the deadline approaches.
“I am personally deeply engaged in conversations with Howard’s team.
AMC Networks said it will appoint an interim CFO or successor prior to Sullivan’s departure.
SiriusXM said Meyer will retire on December 31 and Jennifer Witz, president, Sales, Marketing and Operations, will take the reins as chief executive.
One of Meyer’s major tasks in recent months has been negotiating to keep star host Howard Stern in the house as his contract expires at year end. At a conference last week, Meyer said he’s “optimistic” about striking a new deal with Stern, whose renewal has been a focus of Wall Street and the press for months as the deadline approaches.
“I am personally deeply engaged in conversations with Howard’s team.
- 9/15/2020
- by Jill Goldsmith
- Deadline Film + TV
Live events like concerts, baseball games and car races will remain a healthy and viable business over the long term despite the 2020 impact of Covid-19, in the view of Liberty Media chairman and billionaire media sage John Malone.
“The thesis of live events is still a good one,” Malone said at his company’s annual meeting, held virtually and streamed online Thursday morning. “There will be a health solution here, not a structural solution, that will return these events. Human beings are gregarious by nature. Here in Florida, the bars are open and they’re pretty packed.”
Malone — an early leader of the modern telecommunications revolution with his first company, cable operator Tci — runs Liberty as a holding company with assets across many verticals. Under Liberty’s corporate umbrella are a frequently shifting, sometimes confusing group of tracking stocks that have over the years included whole or part ownership of many media and entertainment concerns.
“The thesis of live events is still a good one,” Malone said at his company’s annual meeting, held virtually and streamed online Thursday morning. “There will be a health solution here, not a structural solution, that will return these events. Human beings are gregarious by nature. Here in Florida, the bars are open and they’re pretty packed.”
Malone — an early leader of the modern telecommunications revolution with his first company, cable operator Tci — runs Liberty as a holding company with assets across many verticals. Under Liberty’s corporate umbrella are a frequently shifting, sometimes confusing group of tracking stocks that have over the years included whole or part ownership of many media and entertainment concerns.
- 5/21/2020
- by Dade Hayes and Jill Goldsmith
- Deadline Film + TV
Twitter CEO Jack Dorsey earned $1.40 in 2019, flat from the year before (but up from zero in 2017) as the billionaire founder of the social media giant rolls out donations from the $1 billion he recently commited to coronavirus relief.
“At his own recommendation to the compensation committee and consistent with his compensation in 2018, Mr. Dorsey elected to forego any compensation for 2019 other than a base salary of $1.40,” Twitter said in an SEC filing Wednesday. The filing said the buck forty “is a testament to his commitment to and belief in Twitter’s long-term value creation potential.”
More from DeadlineLiberty Media CEO Greg Maffei's 2019 Compensation Soared To $44 MilllionPresident Donald Trump Tweetstorm - The Saturday EditionDiamond And Silk's Tweet Removed After Twitter Says It Violated Coronavirus Misinformation Policy
It’s not uncommon for tech’s richest to forgo paychecks. Facebook founder-ceo Mark Zuckerberg’s salary last year was $1 – although the company paid $23 million...
“At his own recommendation to the compensation committee and consistent with his compensation in 2018, Mr. Dorsey elected to forego any compensation for 2019 other than a base salary of $1.40,” Twitter said in an SEC filing Wednesday. The filing said the buck forty “is a testament to his commitment to and belief in Twitter’s long-term value creation potential.”
More from DeadlineLiberty Media CEO Greg Maffei's 2019 Compensation Soared To $44 MilllionPresident Donald Trump Tweetstorm - The Saturday EditionDiamond And Silk's Tweet Removed After Twitter Says It Violated Coronavirus Misinformation Policy
It’s not uncommon for tech’s richest to forgo paychecks. Facebook founder-ceo Mark Zuckerberg’s salary last year was $1 – although the company paid $23 million...
- 4/15/2020
- by Jill Goldsmith
- Deadline Film + TV
Liberty Media CEO Gregory Maffei’s compensation for 2019 totaled just over $44 million, more than double $20 million the year before.
In its annual proxy filing with the SEC, Liberty said Maffei received a base salary of $1.16 million, a bonus of $2.2 million, stock awards of $3.5 million, option awards of $27.8 million – up sharply from $8.8 million the year before – and non-equity incentive plan compensation of $8.4 million plus some additional items. Liberty signed a new employment agreement with Maffei running from Jan.1 of 2020 to Dec. 31 of 2024.
More from DeadlineLiberty Media Pays Live Nation Margin Loan As Event Company Faces Tough TimesJohn Malone Doubts HBO Max Potential, Says Apple "Is Going To Surprise Everyone"Discovery Shares Rise After John Malone Boosts Stake Via $75M Stock Purchase
Liberty Media, controlled by John Malone, is a holding company with interests in a broad range of media, communications and entertainment businesses. held under three tracking stock groups: the Liberty SiriusXM Group,...
In its annual proxy filing with the SEC, Liberty said Maffei received a base salary of $1.16 million, a bonus of $2.2 million, stock awards of $3.5 million, option awards of $27.8 million – up sharply from $8.8 million the year before – and non-equity incentive plan compensation of $8.4 million plus some additional items. Liberty signed a new employment agreement with Maffei running from Jan.1 of 2020 to Dec. 31 of 2024.
More from DeadlineLiberty Media Pays Live Nation Margin Loan As Event Company Faces Tough TimesJohn Malone Doubts HBO Max Potential, Says Apple "Is Going To Surprise Everyone"Discovery Shares Rise After John Malone Boosts Stake Via $75M Stock Purchase
Liberty Media, controlled by John Malone, is a holding company with interests in a broad range of media, communications and entertainment businesses. held under three tracking stock groups: the Liberty SiriusXM Group,...
- 4/14/2020
- by Jill Goldsmith
- Deadline Film + TV
Liberty Global CEO Greg Maffei on Wednesday told an investors conference about the impact from the rapidly-growing coronavirus outbreak on his varied global businesses, including Live Nation Entertainment and the Formula One race car series.
"You know, I'm not sure how you manage it in a way. I believe you take the risk of going through a cycle and I believe it will be shorter rather than longer, and you try to batten down the hatches," Maffei told the Morgan Stanley Technology, Media & Telecom Conference in San Francisco during a session that was live-streamed.
Liberty Media ...
"You know, I'm not sure how you manage it in a way. I believe you take the risk of going through a cycle and I believe it will be shorter rather than longer, and you try to batten down the hatches," Maffei told the Morgan Stanley Technology, Media & Telecom Conference in San Francisco during a session that was live-streamed.
Liberty Media ...
Discovery CEO David Zaslav saw his overall compensation more than triple to $129.4 million in 2018, the year the company closed its $14.6 billion acquisition of Scripps Networks Interactive. Most of the total came in the form of equity options.
The package, according to a proxy statement released by the company Friday afternoon, includes $102.1 million in options. That compares with $15.6 million in options in 2017, a larger share of that year’s $42.2 million total.
It’s not a given that Zaslav will receive the full $129.4 million. The way the bonuses are structured puts an emphasis on the performance of the company’s stock. Even so, it is a lofty number likely to draw scrutiny.
The next-highest-paid executive in the Discovery C-suite was Bruce Campbell, the company’s Chief Development, Distribution and Legal Officer, who netted $12.3 million, up from $7.8 million in the prior year.
Discovery often has factored into the larger national discussion of executive...
The package, according to a proxy statement released by the company Friday afternoon, includes $102.1 million in options. That compares with $15.6 million in options in 2017, a larger share of that year’s $42.2 million total.
It’s not a given that Zaslav will receive the full $129.4 million. The way the bonuses are structured puts an emphasis on the performance of the company’s stock. Even so, it is a lofty number likely to draw scrutiny.
The next-highest-paid executive in the Discovery C-suite was Bruce Campbell, the company’s Chief Development, Distribution and Legal Officer, who netted $12.3 million, up from $7.8 million in the prior year.
Discovery often has factored into the larger national discussion of executive...
- 3/22/2019
- by Dade Hayes
- Deadline Film + TV
It would have been the most talked-about story to hit the music business in decades.
Three years ago, the world found out that Google had made a play to buy 50% of Sony/Atv Music Publishing from the Jackson Estate. The stake, which eventually went to Sony Corporation in a $750 million deal, would have seen Google – now Alphabet, the world’s fourth largest company – acquire ownership of over two million copyrights, including a deluge of hits going back decades.
“We had discussions with [Google] in the selling of the Michael Jackson interest to Sony/Atv,...
Three years ago, the world found out that Google had made a play to buy 50% of Sony/Atv Music Publishing from the Jackson Estate. The stake, which eventually went to Sony Corporation in a $750 million deal, would have seen Google – now Alphabet, the world’s fourth largest company – acquire ownership of over two million copyrights, including a deluge of hits going back decades.
“We had discussions with [Google] in the selling of the Michael Jackson interest to Sony/Atv,...
- 3/15/2019
- by Tim Ingham
- Rollingstone.com
By the time you finish reading this sentence, three new songs will have been uploaded onto Spotify. This time tomorrow, the number will have risen above 20,000 songs — a daily deluge of music which would take you a month and a half to listen to . . . without sleep. By this time next year, more than 7 million new tracks will have been crammed onto the service.
Spotify boss Daniel Ek revealed these numbers back in March at his company’s Investor Day in New York, and the music business hasn’t stopped talking about them since.
Spotify boss Daniel Ek revealed these numbers back in March at his company’s Investor Day in New York, and the music business hasn’t stopped talking about them since.
- 11/30/2018
- by Tim Ingham
- Rollingstone.com
SiriusXM’s acquisition of Pandora, a $3.5 billion deal announced last week, could just be the beginning of the satellite radio giant’s ambitions. For years, Wall Street analysts have been speculating if the company might join forces with live events powerhouse Live Nation Entertainment, which also owns Ticketmaster — and the likelihood of that seems to have ticked up after its Pandora purchase.
There are a few key points to suggest SiriusXM’s interest in Live Nation: The two companies are both under the umbrella of mass media giant Liberty Media,...
There are a few key points to suggest SiriusXM’s interest in Live Nation: The two companies are both under the umbrella of mass media giant Liberty Media,...
- 10/2/2018
- by Amy X. Wang
- Rollingstone.com
Live Nation’s stock climbed more than 1% in pre-market trading today after Btig Research’s Brandon Ross upgraded the stock to buy and predicted a merger between the live-entertainment giant and Liberty/SiriusXM.
“We and a growing group of investors have come to believe a nearer-term combination of SiriusXM and Live Nation is inevitable,” he wrote. “We believe Liberty President and CEO, Greg Maffei, has long desired to combine Sirius and Live Nation into a single music distribution company and has encouraged a marriage of his two music industry interests in the past.” Long-percolating rumors about a possible merger between the two companies began heating up over the past couple of weeks; reps for Live Nation and SiriusXM declined comment or did not immediately respond to Variety’s requests for comment.
Ross said a potential deal is attractive to Sirius because the company appears to have a “terminal value problem...
“We and a growing group of investors have come to believe a nearer-term combination of SiriusXM and Live Nation is inevitable,” he wrote. “We believe Liberty President and CEO, Greg Maffei, has long desired to combine Sirius and Live Nation into a single music distribution company and has encouraged a marriage of his two music industry interests in the past.” Long-percolating rumors about a possible merger between the two companies began heating up over the past couple of weeks; reps for Live Nation and SiriusXM declined comment or did not immediately respond to Variety’s requests for comment.
Ross said a potential deal is attractive to Sirius because the company appears to have a “terminal value problem...
- 7/24/2018
- by Jem Aswad
- Variety Film + TV
Fox Television Group chairman-ceo Dana Walden has been elected to the board of directors at Live Nation Entertainment.
Walden joins the 12-member panel as the Live Nation is stepping up its TV production activity under the Live Nation Productions banner. The company is developing its first docu-series, based on the book “From Cradle to Stage” about mothers of music superstars that was penned by Virginia Hanlon Grohl, mother of Foo Fighters’ Dave Grohl.
Walden was elected to the board at Live Nation’s annual shareholders meeting, held June 6 at the company’s headquarters in Beverly Hills. Also elected to the board was Ping Fu, software entrepreneur who most recently co-founded 3D imaging software firm Geomagic.
“Dana and Ping’s extensive experience spanning technology and media will offer new perspectives and bring invaluable expertise to our accomplished Board,” said Greg Maffei, chairman of the Live Nation board.
Walden has been with...
Walden joins the 12-member panel as the Live Nation is stepping up its TV production activity under the Live Nation Productions banner. The company is developing its first docu-series, based on the book “From Cradle to Stage” about mothers of music superstars that was penned by Virginia Hanlon Grohl, mother of Foo Fighters’ Dave Grohl.
Walden was elected to the board at Live Nation’s annual shareholders meeting, held June 6 at the company’s headquarters in Beverly Hills. Also elected to the board was Ping Fu, software entrepreneur who most recently co-founded 3D imaging software firm Geomagic.
“Dana and Ping’s extensive experience spanning technology and media will offer new perspectives and bring invaluable expertise to our accomplished Board,” said Greg Maffei, chairman of the Live Nation board.
Walden has been with...
- 6/8/2018
- by Variety Staff
- Variety Film + TV
Fox TV Group chairman and CEO Dana Walden has a ticket to join the board of directors at Live Nation Entertainment, the world’s leading live entertainment company.
She and Gary Newman have shared the top Fox job since July 2014, overseeing all facets of the broadcast network including programming, business affairs and marketing. She also runs its TV production unit 20th Century Fox Television production studio and cable and streaming production unit Fox 21 Television Studios, which she has led since 1999. Walden also has served on the Hulu board since November.
Greg Maffei, chairman of the Live Nation board of directors, said Walden’s “extensive experience spanning technology and media will offer new perspectives and bring invaluable expertise to our accomplished board.”
Live Nation Entertainment comprises Ticketmaster, Live Nation Concerts, and Live Nation Sponsorship.
She and Gary Newman have shared the top Fox job since July 2014, overseeing all facets of the broadcast network including programming, business affairs and marketing. She also runs its TV production unit 20th Century Fox Television production studio and cable and streaming production unit Fox 21 Television Studios, which she has led since 1999. Walden also has served on the Hulu board since November.
Greg Maffei, chairman of the Live Nation board of directors, said Walden’s “extensive experience spanning technology and media will offer new perspectives and bring invaluable expertise to our accomplished board.”
Live Nation Entertainment comprises Ticketmaster, Live Nation Concerts, and Live Nation Sponsorship.
- 6/8/2018
- by Erik Pedersen
- Deadline Film + TV
Liberty Media CEO Greg Maffei doesn't think Amazon launching and then shutting down Style Code Live, a daily live TV show, means that the online retail giant is done with video home shopping.
"They can do whatever they want and If they decide to enter video shopping, they would be a formidable competitor," Maffei, who is also chairman of Qurate Retail Group — the recently rebranded owner of QVC, Hsn and e-commerce firm Zulily — told his annual stockholders meeting during a session that was webcast.
Like QVC and Hsn, Style Code Live recruited celebrity guests to woo ...
"They can do whatever they want and If they decide to enter video shopping, they would be a formidable competitor," Maffei, who is also chairman of Qurate Retail Group — the recently rebranded owner of QVC, Hsn and e-commerce firm Zulily — told his annual stockholders meeting during a session that was webcast.
Like QVC and Hsn, Style Code Live recruited celebrity guests to woo ...
- 5/23/2018
- The Hollywood Reporter - Film + TV
Liberty Media CEO Greg Maffei sounds a little tetchy when asked about the sharp drop in his company’s stock price over the past six months.
Liberty, he says, has “performed as well, if not better, than anybody” — with shareholder returns up an average of 25% a year — in the 13 years since Maffei left his job as Oracle’s CFO to help John Malone run his burgeoning media empire.
He has a point. By gambling on fixer-uppers, instead of the trophy properties that most moguls covet, Maffei, 57, has emerged from Malone’s shadow to become an industry powerhouse.
From the media’s most powerful executives to Hollywood’s biggest stars, an inside look at the money at the top of the industry. Read More
In addition to running holding company Liberty, Maffei is chairman of Sirius-xm, Pandora Media, Live Nation Entertainment (which owns Ticketmaster), Liberty TripAdvisor and Qurate Retail — the recently rebranded owner of QVC,...
Liberty, he says, has “performed as well, if not better, than anybody” — with shareholder returns up an average of 25% a year — in the 13 years since Maffei left his job as Oracle’s CFO to help John Malone run his burgeoning media empire.
He has a point. By gambling on fixer-uppers, instead of the trophy properties that most moguls covet, Maffei, 57, has emerged from Malone’s shadow to become an industry powerhouse.
From the media’s most powerful executives to Hollywood’s biggest stars, an inside look at the money at the top of the industry. Read More
In addition to running holding company Liberty, Maffei is chairman of Sirius-xm, Pandora Media, Live Nation Entertainment (which owns Ticketmaster), Liberty TripAdvisor and Qurate Retail — the recently rebranded owner of QVC,...
- 5/9/2018
- by David Lieberman
- Variety Film + TV
Liberty Media is still interested in iHeartMedia.
CEO Greg Maffei told investors during today’s first quarter earnings call that the radio and online broadcaster’s assets are complementary to Liberty’s music holdings.
Liberty has a controlling interest in satellite radio broadcaster SiriusXM, which, in turn, holds a 19% stake in the streaming music company Pandora.
“iHeart is an attractive free-cash flow generator,” Maffei said. “At the right price, I think it would be additive to our music holdings.”
Liberty made a $1.2 billion proposal to acquire a 40% stake in a restructured iHeartMedia. Under the proposal, Liberty would invest $600 million, SiriusXM would pump in $560 million and the two companies would split newly issued shares in the recapitalized company.
iHeartMedia sought the shelter of bankruptcy court in March, as it worked to restructure a portion of its crushing $20 billion in debt.
The San Antonio-based company operates iHeartRadio’s streaming music service and a concert business,...
CEO Greg Maffei told investors during today’s first quarter earnings call that the radio and online broadcaster’s assets are complementary to Liberty’s music holdings.
Liberty has a controlling interest in satellite radio broadcaster SiriusXM, which, in turn, holds a 19% stake in the streaming music company Pandora.
“iHeart is an attractive free-cash flow generator,” Maffei said. “At the right price, I think it would be additive to our music holdings.”
Liberty made a $1.2 billion proposal to acquire a 40% stake in a restructured iHeartMedia. Under the proposal, Liberty would invest $600 million, SiriusXM would pump in $560 million and the two companies would split newly issued shares in the recapitalized company.
iHeartMedia sought the shelter of bankruptcy court in March, as it worked to restructure a portion of its crushing $20 billion in debt.
The San Antonio-based company operates iHeartRadio’s streaming music service and a concert business,...
- 5/9/2018
- by Dawn C. Chmielewski
- Deadline Film + TV
Brought to you by the editors of People en Español.
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George Lopez often voices his objections to President Donald Trump, once even sharing a photo of a drawing of Mexican drug lord Joaquin “El Chapo”Guzmán holding Trump’s detached head.
But, the Mexican comedian’s anti-Trump speak didn’t play out well at a charity event to benefit the Barbara Davis Center for Diabetes in Denver, Co last week. Lopez was booed off the stage after rattling one guest in particular, Liberty Media CEO Greg Maffei.
Maffei, who donated $250,000 to the center,...
Follow us on Instagram, Facebook, and Twitter.
George Lopez often voices his objections to President Donald Trump, once even sharing a photo of a drawing of Mexican drug lord Joaquin “El Chapo”Guzmán holding Trump’s detached head.
But, the Mexican comedian’s anti-Trump speak didn’t play out well at a charity event to benefit the Barbara Davis Center for Diabetes in Denver, Co last week. Lopez was booed off the stage after rattling one guest in particular, Liberty Media CEO Greg Maffei.
Maffei, who donated $250,000 to the center,...
- 10/16/2017
- by Thatiana Diaz
- PEOPLE.com
Pandora Media’s effort to find a financial savior has sent it into the arms of John Malone’s Liberty Media with a $480 million investment agreement announced this morning.
Liberty-owned SiriusXM will buy convertible preferred stock equal to 19% of Pandora — with an agreement not to go above 31.5% unless the board approves in 18 months. The price would amount to $10.50 per share.
The investment gives SiriusXM the right to designate three members of Pandora’s nine-member board. One will be Chairman.
In conjunction with the deal, Pandora agreed to sell its Ticketfly ticketing business for $200 million to Eventbrite. The companies now have a commercial agreement that Pandora says will “substantially broaden the scale of its ticketing opportunities.”
The Ticketfly deal is due to close by the end of September.
The news sent Pandora shares up 6.4% to nearly $9.00. SiriusXM is basically flat.
“This strategic investment in Pandora represents a unique opportunity for SiriusXM...
Liberty-owned SiriusXM will buy convertible preferred stock equal to 19% of Pandora — with an agreement not to go above 31.5% unless the board approves in 18 months. The price would amount to $10.50 per share.
The investment gives SiriusXM the right to designate three members of Pandora’s nine-member board. One will be Chairman.
In conjunction with the deal, Pandora agreed to sell its Ticketfly ticketing business for $200 million to Eventbrite. The companies now have a commercial agreement that Pandora says will “substantially broaden the scale of its ticketing opportunities.”
The Ticketfly deal is due to close by the end of September.
The news sent Pandora shares up 6.4% to nearly $9.00. SiriusXM is basically flat.
“This strategic investment in Pandora represents a unique opportunity for SiriusXM...
- 6/9/2017
- by David Lieberman
- Deadline Film + TV
Liberty Media CEO Greg Maffei seemed to change his tune slightly today when it comes to a possible deal with SiriusXM buying Pandora Media.
The streaming music company’s shares jolted to a 2% gain after Maffei, whose company owns 66% of the satellite radio provider, called Pandora “a really interesting asset.”
“You have to give them credit,” he told the Morgan Stanley Technology, Media & Telecom Conference. “Depending on how you look at it, it’s either the seventh or the ninth or the fifth most [used] app among Americans. Great product — way under monetized.”
He also lauded its “big dreams around subscriptions” although “we’re not necessarily convinced” of the potential. “But you have to be impressed with somebody with an 80 million audience listening 20 minutes a day.”
That contrasted with Maffei’s comment yesterday, in an earnings call, that suggested Pandora’s stock price — lifted by deal speculation — has made the company too expensive.
The streaming music company’s shares jolted to a 2% gain after Maffei, whose company owns 66% of the satellite radio provider, called Pandora “a really interesting asset.”
“You have to give them credit,” he told the Morgan Stanley Technology, Media & Telecom Conference. “Depending on how you look at it, it’s either the seventh or the ninth or the fifth most [used] app among Americans. Great product — way under monetized.”
He also lauded its “big dreams around subscriptions” although “we’re not necessarily convinced” of the potential. “But you have to be impressed with somebody with an 80 million audience listening 20 minutes a day.”
That contrasted with Maffei’s comment yesterday, in an earnings call, that suggested Pandora’s stock price — lifted by deal speculation — has made the company too expensive.
- 3/1/2017
- by David Lieberman
- Deadline Film + TV
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