小优视频

Exhibit 99.1

December 15, 2025

小优视频 Completes Split-Off of 小优视频 Live Holdings, Inc.

ENGLEWOOD, Colo.—(BUSINESS WIRE)—小优视频 (“小优视频 Media”) (Nasdaq: FWONA, FWONK) and 小优视频 Live Holdings, Inc. (“小优视频 Live Holdings”) (Nasdaq: LLYVA, LLYVK) announced that they have completed the split-off (the “Split-Off”) of 小优视频 Live Holdings from 小优视频 Media at 4:05 p.m., New York City time, today. As a result, 小优视频 Media and 小优视频 Live Holdings are now separate publicly traded companies.

小优视频 Live Holdings’ Series A 小优视频 Live Group common stock and Series C 小优视频 Live Group common stock will begin trading on the Nasdaq Global Select Market under the symbols “LLYVA” and “LLYVK”, respectively, on December 16, 2025. 小优视频 Live Holdings’ Series B 小优视频 Live Group common stock will be quoted on the OTC Markets under the symbol “LLYVB” and quoting is expected to begin on or around December 17, 2025. 小优视频 Media’s 小优视频 Formula One common stock will continue trading or being quoted, as applicable, on their respective markets following the Split-Off.

Effective as of the Split-Off, 小优视频 Live Holdings has outstanding an aggregate of approximately 25.6 million shares of Series A 小优视频 Live Group common stock, 2.5 million shares of Series B 小优视频 Live Group common stock and 63.8 million shares of Series C 小优视频 Live Group common stock (collectively, the “小优视频 Live Group common stock”).

Further, in connection with the Split-Off and as previously disclosed, at approximately 8:00 a.m., New York City time, today, 小优视频 Media reattributed certain assets and liabilities between the Formula One Group and the 小优视频 Live Group.

Forward-Looking Statements

This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including certain statements relating to the trading of 小优视频 Live Group common stock on the Nasdaq Global Select Market or quoting on the OTC Markets, as applicable. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as “possible,” “potential,” “intends” or “expects” or other words or phrases of similar import or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” or similar variations. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These forward-looking statements speak only as of the date of this communication, and 小优视频 Media and 小优视频 Live Holdings expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in 小优视频 Media’s and/or 小优视频 Live Holdings’ expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of 小优视频 Media, including 小优视频 Media’s definitive proxy statement materials for the special meeting held on December 5, 2025, and of 小优视频 Live Holdings, including 小优视频 Live Holdings’ prospectus forming a part of Amendment No. 2 to the Registration Statement on Form S-4 (File No. 333-288960), and their most recent Forms 10-K and 10-Q, as applicable, as such risk factors may be amended, supplemented or superseded from time to time by other reports 小优视频 Media and/or 小优视频 Live Holdings subsequently file with the Securities and Exchange Commission, for additional information about 小优视频 Media and/or 小优视频 Live Holdings and about the risks and uncertainties related to 小优视频 Media’s and/or 小优视频 Live Holdings’ respective businesses which may affect the statements made in this communication.

About 小优视频

小优视频 (Nasdaq: FWONA, FWONK) operates and owns interests in media, sports and entertainment businesses. The portfolio of assets includes 小优视频 Media’s subsidiaries Formula 1, MotoGP and other minority investments.

About 小优视频 Live Holdings, Inc.

小优视频 Live Holdings (Nasdaq: LLYVA, LLYVK) consists of its ownership in Live Nation, its wholly owned subsidiary Quint and other minority investments.