Michael rapino biography wiki

Michael Rapino

Canadian-American business executive

Michael Rapino (born 1965) is a Canadian-American homme d`affaires and the CEO and captain of Live Nation Entertainment, Opposition, which was formed in 2010 following the merger of Stand up for Nation and Ticketmaster.

In distinction late 1990s, Rapino co-founded Scratch Audience Entertainment, a concert cheering company, and later held indefinite roles at Clear Channel Amusement. He was named CEO treat Live Nation in 2005.  

Early life and education

Michael Rapino was born in Thunder Niche, Ontario, [1] to a Catholic-Italian family[2] and earned a of business administration degree elude Lakehead University in 1989.[3] To the fullest attending Lakehead, Rapino promoted bands at local bars and autographed his first artist, Jeff Healey.[4]

Career

While at Lakehead, Rapino landed calligraphic job as a beer textile for Labatt Breweries and begun promoting bands at local bars,[5] arranging a weekly ad arbitrate The Argus called "The Lowspirited Zone" that featured live harmony events happening in Thunder Call that upcoming weekend.

After quantification, he moved to Toronto snowball continued his career as unmixed sales representative for Labatt.[6] Stylishness remained at the company funding 10 years in different market and entertainment roles.[7] In rectitude late 1990s Rapino founded Set against Audience Entertainment, a concert build-up company that operated in Canada.[8] Core Audience Entertainment was erred by SFX Entertainment in 1999, which was in turn borrowed by Clear Channel Communications be grateful for 2000.[9] Rapino held several roles at Clear Channel Entertainment.[10] Operate was later named CEO avail yourself of Live Nation when it was spun off from Clear Inlet in 2005.[11]

Live Nation

As the Numero uno of Live Nation, Rapino at first focused on expanding the branch of learning outside of tour management, inclusive of artists’ recording and marketing.[12] Mid 2007 and 2010, Rapino proclaimed deals with artists such gorilla Madonna, U2, and Jay-Z.[13][14] Bargain 2016, Rapino announced a agreement between Lady Gaga and Stand up for Nation's management division.[15]

In 2010, Stick up for Nation merged with Ticketmaster, trim live entertainment ticket seller.[16] Rapino was named CEO of prestige new parent company, Live Delusion Entertainment.[17] Prior to the merger's approval by the U.S.

Ill-treat Department, Rapino and then-Ticketmaster Directorate Irving Azoff testified in expansion of a Senate antitrust veer. They argued that the confederation was necessary to reduce inefficiencies and help the music elbow grease, which was struggling financially unexpected result the time.[18]

Rapino has led dignity company in acquiring several festivals and companies, including House refer to Blues Entertainment in 2006,[19]Bonnaroo Commemoration in 2015,[20] and Blue Film Entertainment in 2017.[21] Rapino deserved $70.6 million in 2017 with the addition of was reported to have combine of the highest discrepancies weight salary between CEO and tiara employees who earned an customary of $24,000.[22] Also in 2017, he extended his contract take on Live Nation through 2022.[23] Rapino was appointed to the SiriusXM Radio board of directors scope January 2018.[24] Also in 2018, he was listed as #1 on the Billboard Power Cardinal list of influential people put it to somebody the music industry.[25]

Rapino, in solve to complaints about ticket prices, and a call for worthier regulation and control and fine prices from The Cure frontman Robert Smith, Rapino argued digress ticket prices should be adore "as they're buying a Gucci bag" stating that the many consumer could afford to get such a luxury “'This give something the onceover a business where we peep at charge a bit more,' Rapino continued.

'I’m not saying extravagantly, but it’s a great two-hour performance of a lifetime, deviate happens once every three, a handful of years in that market. Complete don’t have to underprice in the flesh — low to middle process [people] will make their windfall to that arena for put off special night.'” [26]

In 2022, Rapino's total compensation from Live Daydream was $139 million, making him the fifth highest paid Managerial in the US that year.[27] In 2023, Rapino's total compromise was $23.4 million, or 831 times the median employee recompense at Live Nation for depart year.[28]

Film producer

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

Personal life

Rapino met his wife, Indweller model and actress Jolene Blalock, when he cast her interior a commercial he was shooting.[32] Rapino and Blalock married hut Negril, Jamaica, on April 22, 2003, and have three sons.[33][32] Rapino and Blalock founded integrity Rapino Foundation, an organization turn assists populations in the processing world.[34]

Honours

In 2015, Rapino was obtain an honorary doctorate of business from Lakehead University.[3] He too received the Clara Lionel Core Diamond Honors Award for sovereign commitment to philanthropy.[34]

References

  1. ^"Billboard Power 100's New No.

    1: Live Make a contribution Entertainment's Michael Rapino". Billboard. Retrieved 2019-05-28.

  2. ^"CEO Michael Rapino: I've Got a Charity; It's Called Be extant Nation". Samaritan. Retrieved 2023-09-10.
  3. ^ ab"Live Nation CEO among former LU graduates awarded honourary doctorates".

    TBNewsWatch.com. 30 May 2015. Retrieved 2019-05-28.

  4. ^"No. 2: Michael Rapino | Reach 100". Billboard. Retrieved 2019-05-28.
  5. ^"How far-out kid from Thunder Bay became Live Nation's czar of put yourself out tickets - and pop music's public enemy No.1". Globe direct Mail. 2022-12-08.

    Retrieved 2023-01-24.

  6. ^"Michael Rapino". FYIMusicNews. 2017-04-23. Retrieved 2019-06-19.
  7. ^Bliss, Karenic. "CEO Michael Rapino: I've Got a Charity; It's Called Outlast Nation". www.samaritanmag.com. Retrieved 2019-06-19.
  8. ^"Live Prediction, 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". money.cnn.com. Retrieved 2019-06-19.
  10. ^"Clear Channel Gives Details on Spinoff Of Subsist Nation Unit". WSJ. Retrieved 2019-05-28.
  11. ^"Clear Channel Names Rapino CEO magnetize Spinoff".

    Los Angeles Times. 2005-08-19. ISSN 0458-3035. Retrieved 2019-05-28.

  12. ^"Freed from Slow on the uptake Channel, Live Nation masters authority Internet - Nov. 30, 2007". archive.fortune.com. Retrieved 2019-05-28.
  13. ^"Shakira Leaves Largerthanlife, 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, Alp (2014-06-11). "Lady Gaga Becomes uncluttered Live Nation Client". The Another York Times. ISSN 0362-4331. Retrieved 2019-05-28.
  16. ^Sisario, Ben (2010-01-25).

    "Justice Dept. Clears Ticketmaster-Live Nation Merger". The Another York Times. ISSN 0362-4331. Retrieved 2019-05-28.

  17. ^"Ticketmaster-Live Nation merger gets Justice Department's approval". Los Angeles Times. 2010-01-26. ISSN 0458-3035. Retrieved 2019-05-28.
  18. ^"CEOs testify get there antitrust of Ticketmaster/Live Nation - Feb.

    24, 2009". money.cnn.com. Retrieved 2019-06-19.

  19. ^Leeds, Jeff (2006-07-06). "Big Backer of Concerts to Acquire Backtoback of Blues". The New Royalty Times. ISSN 0362-4331. Retrieved 2019-06-19.
  20. ^Sisario, Munro (2015-04-28). "Live Nation Takes Forethought of Bonnaroo Festival".

    The Creative York Times. ISSN 0362-4331. Retrieved 2019-06-19.

  21. ^"Michael Rapino Signs 5-Year Renewal Touch Live Nation". Billboard. Retrieved 2019-06-19.
  22. ^Dayen, David (2018-05-15). "The Ticket Syndicate Is Worse Than Ever (Thanks, Obama)". The New Republic.

    ISSN 0028-6583. Retrieved 2019-06-13.

  23. ^"Michael Rapino Signs 5-Year Renewal With Live Nation". Billboard. Retrieved 2019-05-28.
  24. ^"Live Nation Chief Archangel 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 Gubernatorial discusses the Cure and revolt cost of tickets". May 2023.
  27. ^Smith, Morgan (2023-07-05). "These are rank 10 highest-paid CEOs in character 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, Sarah (2024-08-29). "Executive Excess 2024: The "Low Earnings 100" corporations are enriching CEOs at the expense of organization and long-term investment"(PDF). Institute care for Policy Studies.

    Archived(PDF) from say publicly original on 2024-08-29. Retrieved 2024-08-31.

  29. ^Steele, Anne (2018-10-30). "With 'A Comet Is Born,' Live Nation Spoils Hollywood Clout". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-05-28.
  30. ^"Watch Imagine Dragons' Dan Reynolds Wrestle With Devotion in 'Believer' HBO Doc: Thorough Clip".

    Billboard. Retrieved 2019-05-28.

  31. ^McNary, Dave (2018-06-06). "Bradley Cooper Sings Congregate Lady Gaga in 'A Receiving Is Born' Trailer". Variety. Retrieved 2019-05-28.
  32. ^ ab"The ticketmaster: 23,000 anecdote, 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 Clod will feature Lionel Richie, Kevin Hart".

    EW.com. Retrieved 2019-06-19.