鶹³Ʒ

Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method

v3.5.0.2
Investments In Affiliates Accounted For Using The Equity Method
9 Months Ended
Sep. 30, 2016
Investments in Affiliates Accounted for Using the Equity Method
Investments In Affiliates Accounted For Using The Equity Method

(7)Investments in Affiliates Accounted for Using the Equity Method

鶹³Ʒ has various investments accounted for using the equity method. The following table includes the Company's carrying amount and percentage ownership of the more significant investments in affiliates at September 30, 2016 and the carrying amount at December 31, 2015:

September 30, 2016

December 31, 2015

Percentage

FairValue

Carrying

Carrying

ownership

(Level1)

amount

amount

dollaramountsinmillions

鶹³Ʒ SiriusXM Group

SIRIUS XM Canada

37

%

$

171

$

165

153

Total 鶹³Ʒ SiriusXM Group

165

153

鶹³Ʒ Braves Group

Other

various

NA

56

39

Total 鶹³Ʒ Braves Group

56

39

鶹³Ʒ Media Group

Live Nation (a)

34

%

$

1,914

776

764

Other

various

NA

159

159

Total 鶹³Ʒ Media Group

935

923

Consolidated 鶹³Ʒ

$

1,156

1,115


(a)

See note 9 for details regarding the number and fair value of shares pledged as collateral pursuant to certain margin loan agreements as of September 30, 2016.

The following table presents the Company's share of earnings (losses) of affiliates:

Three months ended

Nine months ended

September 30,

September 30,

2016

2015

2016

2015

amountsinmillions

鶹³Ʒ SiriusXM Group

SIRIUS XM Canada

$

2

1

11

(3)

Total 鶹³Ʒ SiriusXM Group

2

1

11

(3)

鶹³Ʒ Braves Group

Other

2

2

6

6

Total 鶹³Ʒ Braves Group

2

2

6

6

鶹³Ʒ Media Group

Live Nation

33

23

25

6

Other

3

1

(17)

Total 鶹³Ʒ Media Group

33

26

26

(11)

Consolidated 鶹³Ʒ

$

37

29

43

(8)

SIRIUS XM Canada

SIRIUS XM has entered into agreements to provide Sirius XM Canada Holdings Inc. (“SIRIUS XM Canada”) with the right to offer SIRIUS XM satellite radio service in Canada. The various license and services agreements with SIRIUS XM Canada will expire in 2017 and 2020. SIRIUS XM receives a percentage based royalty of 10% and 15% for certain types of subscription revenue earned by SIRIUS XM Canada for the distribution of Sirius and XM platforms, respectively, royalties for activation fees and premium services and reimbursement for other charges. At September 30, 2016, SIRIUS XM has approximately $3 millionand $9 million in current and noncurrent related party liabilities, respectively, related to these agreements described above with SIRIUS XM Canada which are recorded in current and noncurrent other liabilities, respectively, in the Company’s condensed consolidated balance sheet.Additionally,