Rapino, Michael — Live Nation Entertainment | Los Angeles Business Journal

Rapino, Michael — Live Nation Entertainment

Chief Executive

Live Nation Entertainment

THE LATEST: Live Nation has been hit hard by the coronavirus pandemic as the market for sports and concerts came to a standstill in March. Soon after the company secured a $120 million revolving credit facility loan along with announcing $500 million in cost cuts & steps that were well received by some on Wall Street. Rapino also announced that he would forgo his $3 million salary for 2020.

BACKGROUND: Rapino has served as Live Nation&s president and chief executive officer since 2005. He led the transformation of Live Nation into a live music brand with operations in more than 40 countries and annual revenue exceeding $10 billion. Comprising three divisions — Ticketmaster, Live Nation Concerts and Live Nation Sponsorship — the company annually issues some 500 million tickets, promotes more than 35, 000 events, partners with more than 1,000 sponsors, and manages the careers of more than 500 artists. Live Nation's ecommerce sites average 80 million unique monthly users.

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