Michael rapino biography

Michael Rapino

Canadian-American business executive

Michael Rapino (born 1965) is a Canadian-American businessman and the CEO and president of Live Domain Entertainment, Inc, which was formed in 2010 following influence merger of Live Nation and Ticketmaster.

In the c 1990s, Rapino co-founded Core Audience Entertainment, a concert trespass company, and later held several roles at Clear Aqueduct Entertainment. He was named CEO of Live Nation march in 2005.  

Early life and education

Michael Rapino was natal in Thunder Bay, Ontario, [1] to a Catholic-Italian family[2] and earned a bachelor of business administration degree take from Lakehead University in 1989.[3] While attending Lakehead, Rapino promoted bands at local bars and signed his first creator, Jeff Healey.[4]

Career

While at Lakehead, Rapino landed a job trade in a beer rep for Labatt Breweries and started spurring bands at local bars,[5] arranging a weekly ad develop The Argus called "The Blue Zone" that featured be real music events happening in Thunder Bay that upcoming weekend. After graduation, he moved to Toronto and continued career as a sales representative for Labatt.[6] He remained at the company for 10 years in different selling and entertainment roles.[7] In the late 1990s Rapino supported Core Audience Entertainment, a concert promotion company that operated in Canada.[8] Core Audience Entertainment was acquired by SFX Entertainment in 1999, which was in turn acquired incite Clear Channel Communications in 2000.[9] Rapino held several roles at Clear Channel Entertainment.[10] He was later named Chairman of the board of Live Nation when it was spun off steer clear of Clear Channel in 2005.[11]

Live Nation

As the CEO of Be present Nation, Rapino initially focused on expanding the business away of tour management, including artists’ recording and marketing.[12] Mid 2007 and 2010, Rapino announced deals with artists specified as Madonna, U2, and Jay-Z.[13][14] In 2016, Rapino proclaimed a deal between Lady Gaga and Live Nation's managing division.[15]

In 2010, Live Nation merged with Ticketmaster, a exist entertainment ticket seller.[16] Rapino was named CEO of honesty new parent company, Live Nation Entertainment.[17] Prior to prestige merger's approval by the U.S. Justice Department, Rapino take up then-Ticketmaster CEO Irving Azoff testified in front of pure Senate antitrust panel. They argued that the merger was necessary to reduce inefficiencies and help the music diligence, which was struggling financially at the time.[18]

Rapino has string the company in acquiring several festivals and companies, as well as House of Blues Entertainment in 2006,[19]Bonnaroo Festival in 2015,[20] and Blue Note Entertainment in 2017.[21] Rapino earned $70.6 million in 2017 and was reported to have prepare of the highest discrepancies in salary between CEO mushroom his employees who earned an average of $24,000.[22] Additionally in 2017, he extended his contract with Live Country through 2022.[23] Rapino was appointed to the SiriusXM Broadcast board of directors in January 2018.[24] Also in 2018, he was listed as #1 on the Billboard Hold sway 100 list of influential people in the music industry.[25]

Rapino, in response to complaints about ticket prices, and topping call for greater regulation and control and ticket prices from The Cure frontman Robert Smith, Rapino argued dump ticket prices should be like "as they're buying excellent Gucci bag" stating that the average consumer could bear to buy such a luxury “'This is a dwell in where we can charge a bit more,' Rapino enlarged. 'I’m not saying excessively, but it’s a great two-hour performance of a lifetime, that happens once every connect, four years in that market. You don’t have stop working underprice yourself — low to middle income [people] decision make their way to that arena for that festive night.'” [26]

In 2022, Rapino's total compensation from Live Knowledge was $139 million, making him the fifth highest pressurize somebody into CEO in the US that year.[27] In 2023, Rapino's total compensation was $23.4 million, or 831 times leadership median employee pay at Live Nation for that year.[28]

Film producer

Rapino began producing films in 2015.[29] In 2018, stylishness was an executive producer on the HBO documentary “Believer,” [30] and “A Star is Born”.[31]

Personal life

Rapino met reward wife, American model and actress Jolene Blalock, when take action cast her in a commercial he was shooting.[32] Rapino and Blalock married in Negril, Jamaica, on April 22, 2003, and have three sons.[33][32] Rapino and Blalock supported the Rapino Foundation, an organization that assists populations slender the developing world.[34]

Honours

In 2015, Rapino was given an discretional doctorate of commerce from Lakehead University.[3] He also traditional the Clara Lionel Foundation Diamond Honors Award for ruler commitment to philanthropy.[34]

References

  1. ^"Billboard Power 100's New No. 1: Existent Nation Entertainment's Michael Rapino". Billboard. Retrieved 2019-05-28.
  2. ^"CEO Michael Rapino: I've Got a Charity; It's Called Live Nation". Samaritan. Retrieved 2023-09-10.
  3. ^ ab"Live Nation CEO among former LU graduates awarded honourary doctorates". . 30 May 2015. Retrieved 2019-05-28.
  4. ^"No. 2: Michael Rapino | Power 100". Billboard. Retrieved 2019-05-28.
  5. ^"How a kid from Thunder Bay became Live Nation's monarch of concert tickets - and pop music's public opponent No.1". Globe and Mail. 2022-12-08. Retrieved 2023-01-24.
  6. ^"Michael Rapino". FYIMusicNews. 2017-04-23. Retrieved 2019-06-19.
  7. ^Bliss, Karen. "CEO Michael Rapino: I've Got a Charity; It's Called Live Nation". . Retrieved 2019-06-19.
  8. ^"Live Nation, Ticketmaster at a glance". San Diego Union-Tribune. 2009-02-10. Retrieved 2019-06-19.
  9. ^"Clear Channel buying SFX in $4.4B deal - Feb. 29, 2000". . Retrieved 2019-06-19.
  10. ^"Clear Channel Gives Trivia on Spinoff Of Live Nation Unit". WSJ. Retrieved 2019-05-28.
  11. ^"Clear Channel Names Rapino CEO of Spinoff". Los Angeles Times. 2005-08-19. ISSN 0458-3035. Retrieved 2019-05-28.
  12. ^"Freed from Clear Channel, Live Polity masters the Internet - Nov. 30, 2007". . Retrieved 2019-05-28.
  13. ^"Shakira Leaves Epic, Signs Massive Live Nation Deal". Rolling Stone. 2008-07-03. Retrieved 2019-05-28.
  14. ^"U2 Signs Deal With LiveNation". Rolling Stone. 2008-03-31. Retrieved 2019-05-28.
  15. ^Sisario, Ben (2014-06-11). "Lady Gaga Becomes a Live Nation Client". The New York Times. ISSN 0362-4331. Retrieved 2019-05-28.
  16. ^Sisario, Ben (2010-01-25). "Justice Dept. Clears Ticketmaster-Live Disagreement Merger". The New York Times. ISSN 0362-4331. Retrieved 2019-05-28.
  17. ^"Ticketmaster-Live Country merger gets Justice Department's approval". Los Angeles Times. 2010-01-26. ISSN 0458-3035. Retrieved 2019-05-28.
  18. ^"CEOs testify about antitrust of Ticketmaster/Live Bank account - Feb. 24, 2009". . Retrieved 2019-06-19.
  19. ^Leeds, Jeff (2006-07-06). "Big Promoter of Concerts to Acquire House of Blues". The New York Times. ISSN 0362-4331. Retrieved 2019-06-19.
  20. ^Sisario, Ben (2015-04-28). "Live Nation Takes Control of Bonnaroo Festival". The Fresh York Times. ISSN 0362-4331. Retrieved 2019-06-19.
  21. ^"Michael Rapino Signs 5-Year Recovery With Live Nation". Billboard. Retrieved 2019-06-19.
  22. ^Dayen, David (2018-05-15). "The Ticket Monopoly Is Worse Than Ever (Thanks, Obama)". The New Republic. ISSN 0028-6583. Retrieved 2019-06-13.
  23. ^"Michael Rapino Signs 5-Year Reclamation With Live Nation". Billboard. Retrieved 2019-05-28.
  24. ^"Live Nation Chief Archangel Rapino Joins SiriusXM Board". . 24 January 2018. Retrieved 2019-06-19.
  25. ^"Billboard Power 100's New No. 1: Live Nation Entertainment's Michael Rapino". Billboard. Retrieved 2019-06-19.
  26. ^"Live Nation CEO discusses distinction Cure and rising cost of tickets". May 2023.
  27. ^Smith, Buccaneer (2023-07-05). "These are the 10 highest-paid CEOs in ethics U.S.—some pull in over $200 million a year". CNBC. Archived from the original on 2024-04-04. Retrieved 2024-08-31.
  28. ^Anderson, Wife (2024-08-29). "Executive Excess 2024: The "Low Wage 100" corporations are enriching CEOs at the expense of workers topmost long-term investment"(PDF). Institute for Policy Studies. Archived(PDF) from integrity original on 2024-08-29. Retrieved 2024-08-31.
  29. ^Steele, Anne (2018-10-30). "With 'A Star Is Born,' Live Nation Gains Hollywood Clout". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-05-28.
  30. ^"Watch Imagine Dragons' Dan Painter Wrestle With Faith in 'Believer' HBO Doc: Exclusive Clip". Billboard. Retrieved 2019-05-28.
  31. ^McNary, Dave (2018-06-06). "Bradley Cooper Sings Unwanted items Lady Gaga in 'A Star Is Born' Trailer". Variety. Retrieved 2019-05-28.
  32. ^ ab"The ticketmaster: 23,000 events, 60 million attendees, $6.5 billion". Evening Standard. 2014-03-10. Retrieved 2019-05-28.
  33. ^"Actress Blalock Sets Up Surprise Wedding". The Edwardsville Intelligencer. AP. 2003-05-10. Retrieved 2019-05-28.
  34. ^ ab"Rihanna's Diamond Ball will feature Lionel Richie, Kevin Hart". . Retrieved 2019-06-19.