Berkshire Hathaway Chairman Warren Buffett plans to webcast the company’s annual meeting for the first time, the Wall Street Journal reported Friday.
The webcast would offer another window into Berkshire’s tremendously popular annual meetings, dubbed the “Woodstock for capitalists.” Roughly 40,000 people attended the meeting last year in Omaha, Nebraska, to hear Buffett and his business partner Charlie Munger share their views on the company and the economy at large.
Attendees typically cannot film or tape the question-and-answer session with Buffett and Munger. That means fans of the company, or shareholders who are not in attendance, have to rely on media accounts or notes from meeting attendees to learn any information. A live stream would eliminate those barriers.
According to the Journal, Berkshire is planning to stream just the question-and-answer portion of the meeting, a session that’s regarded as a highlight of the weekend.
Shareholders typically fill Omaha hotels for the event and take advantage of major local shopping discounts offered to meeting attendees. Some visitors even buy one or two shares of Berkshire stock just so they can attend.
The company declined to comment to Journal, which has attributed its story to unnamed sources.
This year’s conference is scheduled for April 29.