Cooper Investors Global Equities Fund (Unhedged) - Cooper Investors Pty Limited on Liberty Live Group
Thesis
Liberty Live gives the fund exposure to Live Nation as part of its anchor group of live-entertainment and sports-content investments. Cooper sees these businesses benefiting from growing demand for premium sports and entertainment rights from global streamers, advertisers, and sponsors. Demand for unique real-life experiences provides a second structural tailwind. The investment sits in the Compounding pool, where returns are expected to come from multiyear execution and growth in sustainable free cash flow per share.
“These businesses benefit from both the growing demand for sports rights (from global streamers and associated advertisers/sponsors) as well as the increasing demand for unique real-life experiences.”