FWONK 📈 Liberty Media Series C - Overview

Liberty Media Corporation's Series C Liberty Formula One Common Stock, traded as FWONK on the NASDAQ, represents a stake in the Formula One Group, a subsidiary that oversees the business operations of the iconic Formula 1 racing series. This series, which spans approximately nine months, brings together top-tier racing teams and drivers from around the globe to compete in the FIA Formula One World Championship. The championship is divided into two main titles: the constructors' championship, where teams vie for the top spot based on cumulative points earned by their drivers, and the drivers' championship, where individual drivers compete to be crowned the best. The Formula One Group holds the commercial rights to this prestigious event, leveraging its position to generate revenue through various channels.

Beyond the core racing series, the Formula One Group is also involved in several ancillary businesses that complement its main operations. One notable example is the Formula 1 Paddock Club, a premium hospitality program designed to offer an exclusive experience to guests, including unparalleled access to the paddock, fine dining, and pit lane walks. Additionally, the company provides a range of logistical and travel-related services to teams and other stakeholders, facilitating the smooth execution of races across the globe. The Formula One Group also oversees the F2 and F3 race series, which serve as feeder leagues for the premier Formula 1 series, nurturing young talent and providing a pathway for drivers to ascend to the highest level of open-wheel racing.

With a history dating back to 1950, the Formula One Group has evolved significantly over the years, adapting to changes in the motorsport landscape while maintaining its commitment to delivering high-quality racing experiences. As a subsidiary of Liberty Media Corporation, the company benefits from the resources and expertise of its parent, which has a diverse portfolio of businesses in the media, entertainment, and communications sectors. The Formula One Group's operations are headquartered in Englewood, Colorado, and its common stock is classified under the Movies & Entertainment sub-industry, reflecting its role as a key player in the global sports and entertainment industry.