Liberty Media Corp-Liberty Live
LLYVA
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exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Liberty Media Corp - Liberty Live (Class A shares). Same parent entity as LLYVK. Liberty Live was split off from Liberty Media in 2023 as a tracking stock for the Live Nation stake. The split-off was structured as a tax-free transaction relying on external tax opinions rather than an IRS private letter ruling. Part of John Malone's broader empire of tax-optimized corporate structures. See LLYVK for full tax avoidance pattern.
Research Sources
2 organizations
Related Exclusions
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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