No. 97: Randy Phillips | Power 100

97

RANDY PHILLIPS, 64

President/director/CEO, LiveStyle

$20 MILLION IN 2018 EARNINGS: The electronic dance music conglomerate formerly known as SFX posted 2018 earnings (before interest, taxes, depreciation and amortization) of $20 million just two years after emerging from bankruptcy, says Phillips. In 2018, he sold off a number of assets, including ticketing service Paylogic and the company’s 40 percent stake in Rock in Rio, to Live Nation. “The worst thing you can be in the business is a minority partner,” says Phillips, who also notes the success of the first two signature LiveStyle events launched by his hand-picked president, Gary Richards: the All My Friends festival in Los Angeles and the Friendship cruise, which, says Phillips, “sold out in 24 hours.”

Billboard Power 100 2019