MICHAEL RAPINO

Chief Executive & President Live Nation Entertainment Inc.

2022-06-20T07:00:00.0000000Z

2022-06-20T07:00:00.0000000Z

LABJ

https://labusinessjournal.pressreader.com/article/298534595212554

MEDIA & ENTERTAINMENT | 2022 LA500

As pandemic lockdowns fade, Rapino finds his concert business is snapping back. But with uncertainty about health issues for future mass gatherings, Live Nation is building live-video streaming capabilities. In December, the company bought 51% of Latin American concert promoter OCESA Entretenimiento for about $415 million. Tragedy struck in November when 10 people died in a crowd surge at Houston’s Astroworld festival, raising serious questions about Live Nation’s record for safety. Also, Rapino took hard aim at the competing Coachella festival with a “Coachella Day One 22” New Year’s concert, triggering a spate of litigation. Live Nation also owns dominant ticketing service Ticketmaster.

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