Live Nation Entertainment (LYV) sees Liberty Media exit ownership stake

Rhea-AI Filing Summary

Liberty Media Corporation has disclosed that it no longer beneficially owns any shares of Live Nation Entertainment common stock.

On December 15, 2025, Liberty Media completed the split-off of its Liberty Live Group and, as a result, disposed of all Live Nation common shares it had previously reported, reducing its position to 0 shares, or 0% of the outstanding common stock. The filing notes that director Brian Deevy individually owns 10,805 shares of Live Nation common stock, over which he has sole voting and dispositive power, separate from Liberty Media.

Insights

Equity ownership and governance analyst

Liberty Media has fully exited its prior Live Nation stake, ending its role as a more than 5% holder.

The amended ownership report states that Liberty Media previously was the beneficial owner of more than five percent of Live Nation’s common stock. Following completion of the split-off of its Liberty Live Group on December 15, 2025, Liberty Media disposed of all Live Nation common shares and now reports beneficial ownership of 0 shares, or 0% of the outstanding common stock.

This change means Liberty Media no longer has voting or dispositive power over Live Nation common stock, and its prior block is now held elsewhere as a result of the split-off. The filing also clarifies that director Brian Deevy personally owns 10,805 Live Nation shares with sole voting and dispositive power, which is separate from Liberty Media’s now-zero position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 7)

Live Nation Entertainment, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

538034109

(CUSIP Number)

Renee L. Wilm, CLO and CAO
Liberty Media Corporation, 12300 Liberty Boulevard
Englewood, CO, 80112
(720) 875-5400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

12/15/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 538034109

1

Name of reporting person

Liberty Media Corporation

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note to Row 12: Excludes shares beneficially owned by the executive officers and directors of the Reporting Person.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: Live Nation Entertainment, Inc.
(c)	Address of Issuer's Principal Executive Offices: 9348 Civic Center Drive, Beverly Hills, CALIFORNIA , 90210.
Item 1 Comment: This statement on Schedule 13D/A relates to the shares of common stock, par value $0.01 per share (the "Common Stock"), of Live Nation Entertainment, Inc., a Delaware corporation (the "Issuer" or "Live Nation"). The statement on Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") with respect to the Issuer by Liberty Media Corporation, a Delaware corporation (the "Reporting Person" or "Liberty Media"), on January 22, 2013, as amended by Amendment No. 1 filed with the SEC on September 16, 2014, Amendment No. 2 filed with the SEC on November 3, 2014, Amendment No. 3 filed with the SEC on August 13, 2015, Amendment No. 4 filed with the SEC on September 30, 2015, Amendment No. 5 filed with the SEC on November 14, 2024 and Amendment No. 6 filed with the SEC on May 30, 2025 (together, the "Schedule 13D"), is hereby amended and supplemented to include the information set forth herein. This amended Statement on Schedule 13D/A constitutes Amendment No. 7 to the Schedule 13D (this "Amendment", and together with the Schedule 13D, this "Statement"). This Amendment is filed to report that the Reporting Person ceased to be the beneficial owner of more than five percent of the outstanding shares of Common Stock. Capitalized terms not defined herein have the meanings given to such terms in the Schedule 13D. Except as set forth herein, the Schedule 13D is unmodified.
Item 4.	Purpose of Transaction
	The information contained in Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information: On December 15, 2025, the Reporting Person completed the Split-Off of its Liberty Live Group. As a result of the completion of the Split-Off, the Reporting Person disposed of all of the shares of Common Stock beneficially owned by the Reporting Person and ceased to be the beneficial owner of any shares of Common Stock.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person is the beneficial owner of 0 shares of Common Stock, constituting 0% of the outstanding shares of Common Stock. Mr. Brian Deevy owns 10,805 shares of Common Stock as of the date hereof.
(b)	To the Reporting Person's knowledge, Mr. Deevy has sole voting and dispositive power over the shares of Common Stock beneficially owned by him.
(c)	Other than as described in this Amendment, no transactions in the Common Stock were effected by the Reporting Person or, to the best of its knowledge, any Schedule 1 persons, in the past 60 days.
(e)	On December 15, 2025, the Reporting Person ceased to be the beneficial owner of more than five percent of the outstanding shares of Common Stock.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Liberty Media Corporation

Signature:	/s/ Brittany A. Uthoff
Name/Title:	Brittany A. Uthoff/Vice President and Assistant Secretary
Date:	12/17/2025

FAQ

What did Liberty Media disclose about its Live Nation (LYV) stake?

Liberty Media disclosed that it now beneficially owns 0 shares of Live Nation common stock, representing 0% of the outstanding common stock.

When did Liberty Media cease to be a more than 5% owner of Live Nation (LYV)?

Liberty Media ceased to be the beneficial owner of more than five percent of Live Nation’s outstanding common stock on December 15, 2025, upon completion of the split-off of its Liberty Live Group.

What transaction caused Liberty Media to dispose of its Live Nation shares?

The change resulted from the split-off of Liberty Media’s Liberty Live Group completed on December 15, 2025, through which Liberty disposed of all Live Nation common shares it beneficially owned.

How many Live Nation (LYV) shares does Liberty Media own after this filing?

After this amendment, Liberty Media reports beneficial ownership of 0 shares of Live Nation common stock, equal to 0% of the class.

Does any Liberty Media-related individual still hold Live Nation (LYV) shares?

Yes. The filing notes that Brian Deevy owns 10,805 shares of Live Nation common stock and has sole voting and dispositive power over those shares.

What class of Live Nation securities is covered in this ownership update?

The update covers Live Nation Entertainment, Inc. common stock, par value $0.01 per share.

Who signed the amended ownership statement for Liberty Media?

The statement was signed by Brittany A. Uthoff, Vice President and Assistant Secretary of Liberty Media, dated 12/17/2025.