Michael Rapino

  1. Business Matters: The Message in Live Nation's Q3 Earnings: Breathe Easy

    November 03, 2011 9:10 PM EDT The Message in Live Nation's Q3 Earnings: Breathe Easy -- As the bellwether of the concert business, Live Nation is looked upon as an indication of the health of live music. With continued economic problems in the U.S. and elsewhere, people h ...

  2. Live Nation Touts Success With New Ticketing Strategies

    August 09, 2011 4:49 PM EDT Live Nation is trying to recover from a dismal 2010 with new approaches to selling and pricing tickets. And if the company's second quarter results are any indication, it's off to a good start. Total revenue was up 23.1% to $1.56 billion ...

  3. Business Matters: A Peek Into Live Nation's Ticketing Strategy

    May 19, 2011 8:05 PM EDT A Peek Into Live Nation's Ticketing Strategy -- Live Nation CEO Michael Rapino went into some detail about the company's efforts to improve ticket sales at a JP Morgan conference Wednesday. "The good news is the consumer will come i ...

  4. Live Nation Shares Surge Following News of Improved Ticket Sales

    May 19, 2011 1:38 PM EDT News of improved ticket sales is music to investors' ears this week. Shares of Live Nation rose 9.1% Wednesday after Live Nation CEO Michael Rapino said May ticket sales were up 7% year over year. Shares were up another 2.7% in midday trading ...

  5. Business Matters: Why Live Nation's Q1 Revenue Really Grew 6%, Not 17%

    May 06, 2011 6:40 PM EDT Why Live Nation's Q1 Revenue Really Grew 6%, not 17% -- Live Nation had a decent first quarter of 2011. Concert attendance was flat and ticket sales were up 11%. But revenue growth wasn't really as good as you might have read in various ...

  6. Live Nation CEO Michael Rapino's Pay Doubles To Nearly $16 Million In 2010

    April 15, 2011 8:59 PM EDT Live Nation Entertainment CEO Michael Rapino was paid 137% more last year than in 2009, according to a proxy statement filed with the SEC on Friday. The figures were first reported by the Wall Street Journal . Rapino's total 2010 compensation ...

  7. Update: Live Nation Losses Grew In Fourth Quarter

    February 28, 2011 4:49 PM EST Live Nation reported a net loss of $124 million on revenue of $1.24 billion in the fourth quarter of 2010, the company revealed on Monday afternoon. Its full-year net loss was $228 million on revenue of $5.06 billion. During the earnings call Live ...

  8. Exclusive: Irving Azoff Talks Live Nation's Purchase Of Front Line Shares, Board Reorganization

    February 07, 2011 6:12 PM EST Live Nation Entertainment chairman Irving Azoff says today's announcement of the company's purchase of the remaining shares of Front Line Management from Azoff and Madison Square Garden "made incredible financial sense," in an ...

  9. Business Matters: Live Nation, Google, Tower Records and more

    November 08, 2010 12:00 AM EST Opinion and analysis of the day's music news. A Look At Live Nation's Q3 -- Live Nation president and CEO Michael Rapino said the company “scrapped and fought our way through Q3.” Indeed it did. The third quarter is the company’s big mon ...

  10. Updated: Live Nation Shuffles Execs, Garner Exits Company

    November 03, 2010 12:00 AM EDT Live Nation Entertainment disclosed in an 8-K filing Wednesday that Jason Garner, the head of its concert business, has left the company . In light of the departure, Live Nation has promoted three of its key veteran executives. Longtime promoters ...

  11. Barry Diller Resigns Live Nation Board

    September 28, 2010 12:00 AM EDT Barry Diller has told members of the Live Nation board that he plans to resign as chairman. Though sources said there was a clash between Diller and other board members over control of the music behemoth, Diller said in a statement, “I have always ...

  12. Live Nation On Track To Meet Reduced Outlook

    September 17, 2010 12:00 AM EDT Live Nation Entertainent Inc. chief executive Michael Rapino says the concert promoter and ticketing company is "within striking distance" of meeting a reduced annual profit forecast it released in July. July and August concert ticket sa ...

  13. No Surprises In Live Nation's Disappointing Q2 Earnings

    August 05, 2010 12:00 AM EDT With news of lower ticket sales made public two weeks ago, the weak numbers in Live Nation's earnings release Thursday came as no surprise. The company's second-quarter earnings revenue was $1.27 billion, down 9.7% from last year (when c ...

  14. Business Matters: Live Nation, WMG, Comi-Con and more

    July 26, 2010 12:00 AM EDT LIVE NATION STOCK BOUNCES BACK, EARNINGS CALL ON THURS -- Live Nation stock has taken back some of the losses following its July 15 investor presentation. After spending most of the week below $9, the stock rose 4.13% to finish at $9.58 on Friday. ...

  15. Live Nation Opens Up To Investors, Details Plans for Future

    July 15, 2010 12:00 AM EDT During a Thursday afternoon presentation for investors and analysts, Live Nation Entertainment lauded its business strategy, talked about lessons learned in 2010 and offered some interesting details about the company. Hosted mainly by CEO Michael ...

  16. Live Nation Says Ticket Sales Down 12 Percent

    July 15, 2010 12:00 AM EDT Concert promotion giant Live Nation Entertainment Inc. said Thursday that ticket sales for the Top 100 bands are down 12 percent in the first half of the year, and sales will likely fall further in the second half. Shares of the company plunged. S ...

  17. Live Nation Q1 Losses Grow, May Sell TicketsNow

    May 10, 2010 12:00 AM EDT Losses at Live Nation Entertainment grew in the first quarter as concert attendance slipped 3 percent and the company booked costs related to its recent merger with Ticketmaster. The company also said Monday it was considering "strategic opti ...

  18. How Will Live Nation Grow?

    April 26, 2010 12:00 AM EDT The New York Times nabbed interviews with Live Nation chiefs Irving Azoff and Michael Rapino for a lengthy Sunday article . Most of the piece is a re-cap of things we know - only 380 words of this 4,996-word article look into the future. But, this ...

  19. Live Nation Entertainment: New Tactics, No Income Gains In 2010

    February 25, 2010 12:00 AM EST The public got a closer look at the recently merged Live Nation Entertainment on Thursday when the company reported its fourth quarter and full-year results . Analysts heard no income gains would be visible in 2010. Competitors heard about new tic ...

  20. Merger Payday: Live Nation Shells Out Millions In Bonuses

    January 29, 2010 12:00 AM EST Live Nation Entertainment paid out $6.5 million in merger bonuses, according to a Friday SEC filing . In connection with the merger, president and CEO Michael Rapino received $3 million in cash and executive chairman Irving Azoff received $2 milli ...

  21. Ticketmaster-Live Nation Merger Approved

    January 25, 2010 12:00 AM EST The Department of Justice announced today that it will approve the Live Nation/Ticketmaster merger after nearly a year of investigation and due diligence. The new company, to be called Live Nation Entertainment, has agreed to divest its Paciolan t ...

  22. Live Nation, Ticketmaster Report Q3 Earnings

    November 09, 2009 12:00 AM EST Ticketmaster and Live Nation, which hope to merge early next year, both released their Q3 2009 earnings on Monday afternoon. And both companies weathered a difficult storm. Ticketmaster's revenue was up 3% to $349 million in Q3 2008 versus th ...

  23. Live Nation, Ticketmaster Chiefs Talk Strategy

    September 10, 2009 12:00 AM EDT At Wednesday’s Bank of America Merrill Lynch Media, Communications and Entertainment Conference, Ticketmaster CEO Irving Azoff and Live Nation President and CEO Michael Rapino talked about the future of their businesses and the need for their comp ...

  24. Michael Rapino: 'Strong Summer' For Live Nation

    July 14, 2009 12:00 AM EDT In a rare television interview this morning with CSNBC's Julia Boorstin, Live Nation CEO Michael Rapino says LN is having a "strong summer" and hopes the proposed merger with Ticketmaster will be consummated by the end of the year. ...

  25. SEC Filing Outlines A Merged Ticketmaster-Live Nation

    July 03, 2009 12:00 AM EDT Ticketmaster and Live Nation filed a Form S-4 joint proxy statement/prospectus with the SEC on Wednesday. The document is not complete but offers many details on the proposed merger of the two companies. - Michael Rapino is expected to serve as pr ...

  26. Analysis: Live Nation’s Strategy Taking Time To Develop

    May 08, 2009 12:00 AM EDT Live Nation CEO Michael Rapino is very sure of the company's strategy. In the company's Q1 2009 earnings call, the concert promoter's long-term plan to sustainable profits was on display. Per-head spending was better, just as Rapino ...

  27. Live Nation CEO Confident About Summer Touring Season

    May 07, 2009 12:00 AM EDT Despite Live Nation's first-quarter loss of $102.7 million , due in part because of fewer music fans attending concerts in the North American market, the company's CEO Michael Rapino has assured investors that business will pick up this ...

  28. Live Nation Posts Q4 Net Loss

    March 02, 2009 12:00 AM EST Live Nation, which last month announced plans to merge with Ticketmaster Entertainment, has reported a fourth-quarter net loss of $337.5 million or $4.33 per share, compared to a loss of $18.4 million or 25 center per share, during the same period ...

  29. Opinion: Ticketmaster-LN Hearing Was Great Internet TV

    February 26, 2009 12:00 AM EST Rife with grandstanding, posturing, a stunning lack of understanding of the industry on the part of politicians, humor, compelling characters and no small amount of drama, the subcommittee on antitrust, competition policy and consumer rights heari ...

  30. Ticketmaster: AEG May Cancel If Merger Succeeds

    February 26, 2009 12:00 AM EST Ticketmaster's chief executive sought Thursday to allay antitrust fears over the ticket seller's planned merger with concert promoter Live Nation by revealing that a major venue operator has threatened to cancel its contract if the merge ...

  31. Live Nation-Ticketmaster Merger Grilled On Capitol Hill

    February 24, 2009 12:00 AM EST The chief executive officers from Live Nation and Ticketmaster Entertainment were grilled today (Feb. 24) in Washington, D.C., by the U.S. Senate Judiciary's antitrust subcommittee and independent concert promoters, who questioned the motives ...

  32. Live Nation Investor Backs Merger, Opposes Diller

    February 13, 2009 12:00 AM EST The largest shareholder in Live Nation Inc said on Friday he is concerned about the role Barry Diller will play if the concert promoter merges with Ticketmaster Entertainment Inc. Sam Shapiro, chairman in Shapiro Capital Management, which holds ar ...

  33. Live Nation, Ticketmaster Merger: Rapino & Azoff Talk

    February 11, 2009 12:00 AM EST The much-anticipated merger agreement between Live Nation and Ticketmaster to create Live Nation Entertainment brings together two of the most influential players in the music industry: Ticketmaster Entertainment/Front Line Management CEO Irving A ...

  34. Live Nation, Ticketmaster Merger: Conference Call Notes

    February 10, 2009 12:00 AM EST During an investor conference call regarding their pending merger, Ticketmaster chairman Barry Diller, Ticketmaster Entertainment CEO Irving Azoff, and Live Nation CEO Michael Rapino provided several insightful comments. Diller opened the call by ...

  35. Live Nation, Ticketmaster Merger Confirmed

    February 10, 2009 12:00 AM EST The announcement the music industry has been waiting for has come: a definitive merger agreement between Live Nation and Ticketmaster to create Live Nation Entertainment. The move combines Live Nation, the world's largest concert promotion fi ...

  36. Update: Live Nation, Ticketmaster Deal Imminent

    February 10, 2009 12:00 AM EST Ticketmaster Entertainment and Live Nation are scheduled to announce their pending merger Tuesday morning, according to the Wall Street Journal. A source tells Billboard that the boards of both companies met Sunday and approved the deal, but neith ...

  37. Live Nation Seeing Healthy Ticket Sales, Stock Up

    January 08, 2009 12:00 AM EST Live Nation said on Thursday it has seen no weakness in ticket sales for 2009 despite investor concern that fewer fans will pay to see their favorite bands due to the recession. Live Nation shares rose 18 percent in late-afternoon trading. Chief E ...

  38. Live Nation Launches Ticketing Company

    January 08, 2009 12:00 AM EST Live Nation Ticketing is live. The bulk of the world's largest promoter's 10-year contract with Ticketmaster has expired and the company has now launched its in-house ticketing company. "Anytime you have a major rollout, you hold yo ...

  39. Six Flags CEO Joins Live Nation Board

    November 18, 2008 12:00 AM EST Mark Shapiro, president and CEO of Six Flags, Inc., has joined Live Nation's board of directors. "Mark's position at Six Flags gives him an unparalleled level of experience in consumer entertainment, brand building, sponsorship and ...

  40. Live Nation Reports Strong Q3

    November 06, 2008 12:00 AM EST Live Nation has reported a third-quarter net income of $139.9 million, or $1.67 per share, up from a net profit of $46.1 million, or 55 cents per share, during the same period last year. The Los Angeles-based live entertainment company’s profit is ...

  41. Live Nation Ups Garner To CEO, Global Music

    September 19, 2008 12:00 AM EDT Live Nation has promoted Jason Garner to CEO of Global Music. He will continue to be based in Los Angeles and report to Live Nation president/CEO Michael Rapino. In the newly created position, Garner will oversee Live Nation's live music busi ...

  42. Live Nation Posts Q2 Revenue Increase

    August 07, 2008 12:00 AM EDT Live Nation has reported a second-quarter net income of $1.2 million, or 2 cents per share, down from a net profit of $9.9 million, or 15 cents a share, during the same period last year. Revenues at the Los Angeles-based company rose 18% to $1.16 ...

  43. Exclusive: Cohl, Rapino Talk Live Nation Plans

    June 20, 2008 12:00 AM EDT It's official: Michael Cohl has resigned as chairman of the board of Live Nation, and also vacates his post as CEO of Live Nation Artists, effective immediately. Negotiations for Cohl's resignation were finalized today (June 20); he will ...

  44. Live Nation Reports $35 Million Q1 Loss

    May 08, 2008 12:00 AM EDT Live Nation has reported a net loss of $35.4 million, or 47 cents per share, in the first-quarter ended March 31. Driven by increased ticket sales and recent acquisitions, first-quarter revenue at the Los Angeles-based live entertainment company r ...

  45. Live Nation Posts Loss In 4Q

    February 28, 2008 12:00 AM EST Live Nation has reported a net loss of $18.4 million, or 25 cents per share, in the fourth-quarter ended Dec. 31, 2007. The Los Angeles-based company posted a loss of $33.1 million during the same period in 2006. The narrowed but continued loss oc ...

  46. Live Nation CEO Responds To AEG Live Deal

    February 28, 2008 12:00 AM EST Live Nation CEO Michael Rapino has responded to a partnership that could find Ticketmaster and Madison Square Garden Entertainment (MSGE) owner Cablevision acquiring about 49% of AEG Live , the live entertainment arm of Anschutz Entertainment Grou ...

  47. Live Nation Takes Ticketing In-House

    January 11, 2008 12:00 AM EST Live Nation believes taking its ticketing operation in-house in partnership with CTS Eventim can add some $25 million annually to its operating income, according to LN CEO Michael Rapino during an investor conference call this morning. "For t ...

  48. Street Cautious On Live Nation's Madonna deal

    October 19, 2007 12:00 AM EDT With its Madonna deal in place, Live Nation is discussing revolutionizing the music business. But Wall Street observers have doubts that the deal will pay off for the firm. Until last week, the company used the following description of its busines ...

  49. Update: Madonna, Live Nation Sign Global Pact

    October 16, 2007 12:00 AM EDT Live Nation president/CEO Michael Rapino confirms today that Madonna has entered a 10-year global partnership with Live Nation and will become the founding artist in LN's new Artist Nation division, headed by veteran Rolling Stones tour produ ...

  50. Eskowitz Splits Live Nation, Joins Premier Exhibitions

    September 04, 2007 12:00 AM EDT Bruce Eskowitz, formerly Live Nation CEO of North American Music, will vacate his post, effective immediately. He will take a new job as president and CEO of Premier Exhibitions in Atlanta, according to an internal memo from Live Nation CEO Michae ...

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