Business

No. 7: Coran Capshaw | Power 100

Coran Capshaw, Founder, Red Light Management

7

CORAN CAPSHAW, 57

Founder, Red Light Management
Last Year's Rank: 6

As one of the few executives in the Power 100 who doesn't answer to a board, Capshaw celebrated his independence by quietly expanding his empire: His management, touring, branding, venues, festivals, labels and merchandising concerns are estimated to have grossed $1 billion-plus in revenue in 2015. But it's not simply the enviable earnings that give Capshaw his standing: Between Red Light, the world's largest independent ­management firm, with close to 250 acts, and his ATO label, Capshaw-affiliated artists received 27 Grammy nominations, led by Chris Stapleton, Alabama Shakes and Sam Hunt, plus country star Luke Bryan. Says Capshaw, who lives with his wife on a working farm outside of Charlottesville, Va., "I find it personally rewarding to help grow artists' careers."

Live music is at the heart of Capshaw's brand: He owns amphitheaters and clubs, plus pieces of such music festivals as Bonnaroo, Outside Lands, Lollapalooza and Austin City Limits Music Fest, and he partnered with Live Nation in Nashville's new Ascend Amphitheater. And if you're headed to South by Southwest, Capshaw has a 25 percent stake in that, too.