Atlanta Braves Holdings, Inc. Series A Common Stock (BATRA)
Atlanta Braves Holdings, Inc. Series A (BATRA) is a sports and entertainment company that owns and operates the Atlanta Braves Major League Baseball team. The company is involved in managing the franchise, its associated venues, and related media and licensing activities, leveraging its position in the sports industry to generate revenues through ticket sales, broadcasting rights, merchandise, and sponsorships.
Company News
Investors need to pay close attention to Atlanta Braves Holdings (BATRA) stock based on the movements in the options market lately.
The Atlanta Braves, with profitable revenue streams from baseball and real estate, emerge as an attractive acquisition target for buyers. Read more on BATRK here.
Disney's challenges could be Netflix's opportunities.
A leading media holding company that owns several entertainment assets and sports-related companies is reclassifying its public companies, a move that could give investors a more direct way to own a professional sports team What Happened: There are only a handful of sports teams that are publicly traded. One of them is the Atlanta Braves, a Major League Baseball team. Owned as part of the Liberty Media holding companies, the Braves will soon be more uniquely represented as one public company. On Thursday, Liberty Media announced changes to its public companies including the split-off of the Atlanta Braves and its real estate assets into a newly tracked stock. “We plan to split off the Atlanta Braves into an asset-backed stock to better highlight its strong value. Additional post-split-off, we plan to recapitalize all of Liberty Media’s remaining common stock into three tracking stock groups,” Liberty CEO Greg Maffei said. The Braves are currently traded as Liberty Media Corporation (NASDAQ: BATRA)(NASDAQ: BATRK). The company will redeem common shares of Liberty Media in exchange for Atlanta Braves Holdings Inc. The ...Full story available on Benzinga.com
