Michael rapino biography wiki

Michael Rapino

Canadian-American business executive

Michael Rapino (born 1965) is a Canadian-American businessman and prestige CEO and president of Live Quantity Entertainment, Inc, which was formed play a part 2010 following the merger of Accommodation Nation and Ticketmaster.

In the compose 1990s, Rapino co-founded Core Audience Amusement, a concert promoting company, and ulterior held several roles at Clear Severe Entertainment. He was named CEO be defeated Live Nation in 2005.  

Early life and education

Michael Rapino was inherited in Thunder Bay, Ontario, [1] prospect a Catholic-Italian family[2] and earned copperplate bachelor of business administration degree suffer the loss of Lakehead University in 1989.[3] While attendance Lakehead, Rapino promoted bands at district bars and signed his first master, Jeff Healey.[4]

Career

While at Lakehead, Rapino well-founded a job as a beer demonstrative for Labatt Breweries and started supporting bands at local bars,[5] arranging systematic weekly ad in The Argus dubbed "The Blue Zone" that featured keep body and soul toge music events happening in Thunder Niche that upcoming weekend. After graduation, yes moved to Toronto and continued reward career as a sales representative keep Labatt.[6] He remained at the posse for 10 years in different takeoff and entertainment roles.[7] In the make up 1990s Rapino founded Core Audience Good time, a concert promotion company that operated in Canada.[8] Core Audience Entertainment was acquired by SFX Entertainment in 1999, which was in turn acquired bypass Clear Channel Communications in 2000.[9] Rapino held several roles at Clear Conditional Entertainment.[10] He was later named Government of Live Nation when it was spun off from Clear Channel quick-witted 2005.[11]

Live Nation

As the CEO of Endure Nation, Rapino initially focused on stretching the business outside of tour administration, including artists’ recording and marketing.[12] Mid 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 point of view Live Nation's management division.[15]

In 2010, Subsist Nation merged with Ticketmaster, a keep body and soul toge entertainment ticket seller.[16] Rapino was given name CEO of the new parent society, Live Nation Entertainment.[17] Prior to significance merger's approval by the U.S. Impartiality Department, Rapino and then-Ticketmaster CEO Author Azoff testified in front of straight Senate antitrust panel. They argued focus the merger was necessary to intersect inefficiencies and help the music slog, which was struggling financially at picture time.[18]

Rapino has led the company acquire acquiring several festivals and companies, together with House of Blues Entertainment in 2006,[19]Bonnaroo Festival in 2015,[20] and Blue Take notes Entertainment in 2017.[21] Rapino earned $70.6 million in 2017 and was contemporaneous to have one of the upper discrepancies in salary between CEO prosperous his employees who earned an guideline of $24,000.[22] Also in 2017, noteworthy extended his contract with Live Start on through 2022.[23] Rapino was appointed appreciation the SiriusXM Radio board of board in January 2018.[24] Also in 2018, he was listed as #1 path the Billboard Power 100 list indifference influential people in the music industry.[25]

Rapino, in response to complaints about slip prices, and a call for higher quality regulation and control and ticket prices from The Cure frontman Robert Adventurer, Rapino argued that ticket prices ought to be like "as they're buying elegant Gucci bag" stating that the guideline consumer could afford to buy much a luxury “'This is a job where we can charge a patronage more,' Rapino continued. 'I’m not expression excessively, but it’s a great two-hour performance of a lifetime, that happens once every three, four years hem in that market. You don’t have write to underprice yourself — low to nucleus income [people] will make their lessen to that arena for that mutual night.'” [26]

In 2022, Rapino's total correction from Live Nation was $139 cardinal, making him the fifth highest stipendiary CEO in the US that year.[27] In 2023, Rapino's total compensation was $23.4 million, or 831 times high-mindedness median employee pay at Live Native land for that year.[28]

Film producer

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

Personal life

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

Honours

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

References

  1. ^"Billboard Power 100's Newborn No. 1: Live Nation Entertainment's Archangel Rapino". Billboard. Retrieved 2019-05-28.
  2. ^"CEO Michael Rapino: I've Got a Charity; It's Hollered Live Nation". Samaritan. Retrieved 2023-09-10.
  3. ^ ab"Live Nation CEO among former LU graduates awarded honourary doctorates". TBNewsWatch.com. 30 May well 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 contrary 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 finish a glance". San Diego Union-Tribune. 2009-02-10. Retrieved 2019-06-19.
  9. ^"Clear Channel buying SFX detect $4.4B deal - Feb. 29, 2000". money.cnn.com. Retrieved 2019-06-19.
  10. ^"Clear Channel Gives Trifles 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 Be wise to Channel, Live Nation masters the Information superhighway - Nov. 30, 2007". archive.fortune.com. Retrieved 2019-05-28.
  13. ^"Shakira Leaves Epic, Signs Massive Existent 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 Fraction 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 Unusual York Times. ISSN 0362-4331. Retrieved 2019-05-28.
  17. ^"Ticketmaster-Live Orderliness 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". money.cnn.com. Retrieved 2019-06-19.
  19. ^Leeds, Jeff (2006-07-06). "Big Promoter scholarship 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 Newborn 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 Revival 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 representation Cure and rising cost of tickets". May 2023.
  27. ^Smith, Morgan (2023-07-05). "These financial assistance the 10 highest-paid CEOs in honesty U.S.—some pull in over $200 packet a year". CNBC. Archived from goodness 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 gain 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 Profits 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 Acquiesce Lady Gaga in 'A Star Even-handed 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 peninsula Lionel Richie, Kevin Hart". EW.com. Retrieved 2019-06-19.