LIBERTY MEDIA CORPORATION – STARZ GROUP

LIBERTY MEDIA CORPORATION – STARZ GROUP

Previous company name
LIBERTY MEDIA CORPORATION – ENTERTAINMENT GROUP
Name change date
11/19/2009
Company Overview
The company is a publicly quoted firm, which through its subsidiaries engaged in programming, communications businesses, and the direct-to-home satellite distribution business. The company conducts business from its registered corporate office which is strategically located in Englewood, Colorado, United States. Its shares are listed on the NASDAQ National Market under the ticker symbol LMDIA.
The company provides direct-to-home (DTH) digital television services, and multi-channel video programming distribution services in the United States and Latin America. It also offers online and interactive casual and fantasy sports games; operates three regional sports networks; and holds interest in a cable network for game-related programming and interactive game playing, and in a communication company that delivers two-way broadband Internet access via satellite. The company mainly operates its business within the domestic market.
The company is under the supervision and management of John C Malone, the Chairman of the Board.
Business Summary
Liberty Media Corporation is a holding company, and through its subsidiaries, is engaged in the video and online commerce, media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its subsidiaries QVC, Inc. (QVC) and Starz, LLC and its equity affiliates Sirius XM Radio Inc. and Expedia, Inc. it operates in three segments: the Interactive Group, the Starz Group and the Capital Group. On November 19, 2009, the Company completed its split-off of its wholly owned subsidiary, Liberty Entertainment, Inc. (LEI), and the business combination transaction among the Company, LEI and The DIRECTV Group, Inc. (DIRECTV) (the DTV Business Combination).
Description and history
Liberty Media Corporation is a holding company, and through its subsidiaries, is engaged in the video and online commerce, media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its subsidiaries QVC, Inc. (QVC) and Starz, LLC and its equity affiliates Sirius XM Radio Inc. and Expedia, Inc. it operates in three segments: the Interactive Group, the Starz Group and the Capital Group. On November 19, 2009, the Company completed its split-off of its wholly owned subsidiary, Liberty Entertainment, Inc. (LEI), and the business combination transaction among the Company, LEI and The DIRECTV Group, Inc. (DIRECTV) (the DTV Business Combination).

Interactive Group

The Interactive Group is focused on video and online commerce through its interests in QVC and the e-commerce businesses. QVC markets and sells a variety of consumer products in the United States and several foreign countries primarily through live televised shopping programs and thorugh the Internet through its domestic and international websites. QVC’s Websites offer a complement to televised shopping by allowing consumers to purchase an assortment of goods that were previously offered on the QVC television programs, as well as other items that are available from QVC only through its Websites. During the year ended December 31, 2009, approximately 28.9% of QVC’s domestic revenue and approximately 25.1% of QVC’s total revenue was generated from sales of merchandise ordered through its various Websites.

QVC purchases, or obtains on consignment, products from domestic and foreign manufacturers and wholesalers. QVC classifies its merchandise into four groups: home (including electronics), apparel, accessories (including beauty products) and jewelry. During 2009, home, apparel, accessories and jewelry accounted for approximately 47%, 13%, 24% and 16%, respectively, of QVC’s net revenue generated by its United States operations. QVC distributes its television programs, through satellite or optical fiber, to multichannel television distributors for retransmission to subscribers in the United States, the United Kingdom, Germany, Japan and neighboring countries that receive QVC’s programming signals.

Provide Commerce, Inc., a wholly-owned subsidiary, operates an e-commerce marketplace of Websites that offers perishable products direct from suppliers to consumers. In addition to its perishable products, Provide Commerce sells a range of gifts through its RedEnvelope brand. Backcountry is an e-commerce marketplace for outdoor adventure, cycling and action sports gear and clothing. Its 12 separate Websites cater to a variety of outdoor enthusiasts. Bodybuilding.com is an Internet retailer of sports, fitness and nutritional supplements. It also hosts an informational SuperSite, which contains content about fitness, work-out programs, overall health, nutritional and product information. BuySeasons, Inc., a wholly-owned subsidiary, operates BuyCostumes.com and CelebrateExpress.com, online retailers of costumes, accessories and party supplies for a variety of celebration and costuming events. Other subsidiaries of the Company that have attributed to the Interactive Group are Lockerz, LLC, which operates a community Website geared to teens and young adults that allows its members to buy trendy merchandise, watch videos, discover new music and connect with their friends, and LMC Right Start, Inc., which operates a Website and brick-and-mortar stores that sell juvenile products for infants and young children.

Expedia, Inc. offers travel products and services to leisure and corporate travelers in the United States and abroad through a portfolio of brands, including Expedia.com, Hotels.com, Venere.com, Hotwire.com, Egencia, Classic Vacations and TripAdvisor, and a range of other domestic and international brands and businesses. The Company indirectly owns an approximate 24% equity interest and 58% voting interest in Expedia. IAC/InterActiveCorp (IAC) is an Internet company with more than 50 diversified Internet businesses serving loyal consumer audiences. The Company indirectly owns an approximate 11% equity interest and 55% voting interest in IAC. HSN is an interactive multi-channel retailer. HSN offers retail experiences on television, online, in catalogs, and in brick and mortar stores. It owns approximately 33% HSN. Interval Leisure Group, Inc. is a provider of membership and leisure services to the vacation industry.

Starz Group

The Starz Group focuses primarily on video programming businesses. Starz Entertainment, LLC, a wholly owned subsidiary, provides premium movie networks and programming distributed by cable operators, direct-to-home satellite providers, telephone companies, other distributors and the Internet in the United States. Starz Entertainment’s principal service offerings are Starz, which is primarily a first-run movie service that generally includes Starz plus five multiplex channels branded with the Starz name, each of which exhibits movies targeted to a specific audience and Encore, which airs first-run movies and classic contemporary movies and generally includes six additional thematic multiplex channels branded with the Encore name, each of which exhibits movies based upon individual themes. Liberty Sports Interactive, Inc., a wholly owned subsidiary, develops, operates and licenses fantasy sports games, fantasy sports league-hosting software and fantasy sports content delivered through broadband, as well as providing free online games, information and entertainment for sports fans.

Capital Group

The Capital Group includes all of the Company’s businesses and assets that are not attributed to either the Interactive Group or the Starz Group. Starz Media’s operations include live-action theatrical film production and distribution, home video distribution, live-action television production and distribution, and theatrical and non-theatrical animation, and are divided into business units, which include Overture Films, Anchor Bay Entertainment, Proprietary Productions, Film Roman and Toronto Animation Studio. Overture Films, a wholly owned subsidiary of Starz Media, produces and acquires live action theatrical motion pictures for release domestically and throughout the world.

Atlanta National League Baseball Club, Inc. (ANLBC) owns and operates the Atlanta Braves Major League Baseball franchise. ANLBC derives revenue from the sale of tickets for games played at Turner Field, as well as from game-day sales of concessions and other goods and services in and around Turner Field. ANLBC also derives substantial revenue from the sale of broadcasting rights to the Atlanta Braves baseball games. TruePosition, Inc. is a wholly-owned subsidiary that develops and markets technology for locating wireless phones and other wireless devices enabling wireless carriers, application providers and other enterprises to provide E-911 services domestically and other location-based services to mobile users both domestically and worldwide. SIRIUS XM Radio is a domestic satellite radio company. SIRIUS XM broadcasts to subscribers over approximately 130 digital-quality channels, including more than 60 channels of 100% commercial-free music, plus channels of sports, news, talk, entertainment, traffic, weather and data through its two satellite radio systems, the Sirius system and the XM system.

The Company competes with 1-800-FLOWERS, FTD, Teleflora, Orbitz, Travelocity, Priceline, American Express and Navigant International.

Business Line
Engaged in programming, communications businesses, and the direct-to-home satellite distribution business
Subsidiary

Advisor
Computershare Shareholder Services
IPO date

US SIC Code
4841
Company Address
12300, Liberty Boulevard

City province or state postal code
80112, ENGLEWOOD, CO
Phone: +1 720 875 5400
Fax:
Country address: UNITED STATES OF AMERICA
Website url: www.libertymedia.com