Michael rapino biography wiki


Michael Rapino

Canadian-American business executive

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

In the lodge 1990s, Rapino co-founded Core Audience Diversion, a concert promoting company, and succeeding held several roles at Clear Duct Entertainment. He was named CEO neat as a new pin Live Nation in 2005.  

Early life and education

Michael Rapino was hatched in Thunder Bay, Ontario, [1] be introduced to a Catholic-Italian family[2] and earned tidy bachelor of business administration degree stay away from Lakehead University in 1989.[3] While being Lakehead, Rapino promoted bands at go into liquidation bars and signed his first virtuoso, Jeff Healey.[4]

Career

While at Lakehead, Rapino solid a job as a beer cloth for Labatt Breweries and started infringe bands at local bars,[5] arranging systematic weekly ad in The Argus baptized "The Blue Zone" that featured stand for music events happening in Thunder Scream that upcoming weekend. After graduation, yes moved to Toronto and continued sovereignty career as a sales representative be after Labatt.[6] He remained at the air for 10 years in different merchandising and entertainment roles.[7] In the behindhand 1990s Rapino founded Core Audience Cheer, a concert promotion company that operated in Canada.[8] Core Audience Entertainment was acquired by SFX Entertainment in 1999, which was in turn acquired gross Clear Channel Communications in 2000.[9] Rapino held several roles at Clear Thoroughgoing Entertainment.[10] He was later named Manager of Live Nation when it was spun off from Clear Channel prize open 2005.[11]

Live Nation

As the CEO of Be situated Nation, Rapino initially focused on extendable the business outside of tour polity, including artists’ recording and marketing.[12] Amidst 2007 and 2010, Rapino announced deals with artists such as Madonna, U2, and Jay-Z.[13][14] In 2016, Rapino proclaimed a deal between Lady Gaga become more intense Live Nation's management division.[15]

In 2010, Live on Nation merged with Ticketmaster, a survive entertainment ticket seller.[16] Rapino was name CEO of the new parent gathering, Live Nation Entertainment.[17] Prior to loftiness merger's approval by the U.S. Service Department, Rapino and then-Ticketmaster CEO Author Azoff testified in front of elegant Senate antitrust panel. They argued put off the merger was necessary to chop inefficiencies and help the music assiduity, which was struggling financially at grandeur time.[18]

Rapino has led the company wonderful acquiring several festivals and companies, together with House of Blues Entertainment in 2006,[19]Bonnaroo Festival in 2015,[20] and Blue Message Entertainment in 2017.[21] Rapino earned $70.6 million in 2017 and was present to have one of the principal discrepancies in salary between CEO explode his employees who earned an generally of $24,000.[22] Also in 2017, inaccuracy extended his contract with Live Country through 2022.[23] Rapino was appointed in front of the SiriusXM Radio board of board in January 2018.[24] Also in 2018, he was listed as #1 assault the Billboard Power 100 list describe influential people in the music industry.[25]

Rapino, in response to complaints about appropriateness prices, and a call for in a superior way regulation and control and ticket prices from The Cure frontman Robert Explorer, Rapino argued that ticket prices requisite be like "as they're buying straight Gucci bag" stating that the many consumer could afford to buy much a luxury “'This is a selection where we can charge a ascendancy more,' Rapino continued. 'I’m not apophthegm excessively, but it’s a great two-hour performance of a lifetime, that happens once every three, four years hoard that market. You don’t have retain underprice yourself — low to harmony income [people] will make their hindrance to that arena for that joint night.'” [26]

In 2022, Rapino's total recompense from Live Nation was $139 meg, 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 justness median employee pay at Live Reverie for that year.[28]

Film producer

Rapino began film films in 2015.[29] In 2018, explicit was an executive producer on high-mindedness HBO documentary “Believer,” [30] and “A Star is Born”.[31]

Personal life

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

Honours

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

References

  1. ^"Billboard Power 100's Unique No. 1: Live Nation Entertainment's Archangel Rapino". Billboard. Retrieved 2019-05-28.
  2. ^"CEO Michael Rapino: I've Got a Charity; It's Known as Live Nation". Samaritan. Retrieved 2023-09-10.
  3. ^ ab"Live Nation CEO among former LU graduates awarded honourary doctorates". TBNewsWatch.com. 30 Hawthorn 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 czar of concert tickets - and pop music's public combatant 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". www.samaritanmag.com. Retrieved 2019-06-19.
  8. ^"Live Nation, Ticketmaster readily obtainable a glance". San Diego Union-Tribune. 2009-02-10. Retrieved 2019-06-19.
  9. ^"Clear Channel buying SFX wonderful $4.4B deal - Feb. 29, 2000". money.cnn.com. 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 Bothered Channel, Live Nation masters the Cyberspace - Nov. 30, 2007". archive.fortune.com. Retrieved 2019-05-28.
  13. ^"Shakira Leaves Epic, Signs Massive Be extant 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 Settlement Client". The New York Times. ISSN 0362-4331. Retrieved 2019-05-28.
  16. ^Sisario, Ben (2010-01-25). "Justice Dept. Clears Ticketmaster-Live Nation Merger". The Different York Times. ISSN 0362-4331. Retrieved 2019-05-28.
  17. ^"Ticketmaster-Live Check account 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 Delusion - Feb. 24, 2009". money.cnn.com. Retrieved 2019-06-19.
  19. ^Leeds, Jeff (2006-07-06). "Big Promoter make famous 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 Modern York Times. ISSN 0362-4331. Retrieved 2019-06-19.
  21. ^"Michael Rapino Signs 5-Year Renewal With Live Nation". Billboard. Retrieved 2019-06-19.
  22. ^Dayen, David (2018-05-15). "The Ticket Monopoly Is Worse Than Always (Thanks, Obama)". The New Republic. ISSN 0028-6583. Retrieved 2019-06-13.
  23. ^"Michael Rapino Signs 5-Year Renaissance With Live Nation". Billboard. Retrieved 2019-05-28.
  24. ^"Live Nation Chief Michael Rapino Joins SiriusXM Board". Insideradio.com. 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 nobleness Cure and rising cost of tickets". May 2023.
  27. ^Smith, Morgan (2023-07-05). "These act the 10 highest-paid CEOs in justness U.S.—some pull in over $200 bomb a year". CNBC. Archived from loftiness 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 dominant long-term investment"(PDF). Institute for Policy Studies. Archived(PDF) from the original on 2024-08-29. Retrieved 2024-08-31.
  29. ^Steele, Anne (2018-10-30). "With 'A Star Is Born,' Live Nation Takings 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 Stay alive Lady Gaga in 'A Star Practical 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 see in your mind's eye Lionel Richie, Kevin Hart". EW.com. Retrieved 2019-06-19.