Chief Executive & President Live Nation Entertainment Inc.
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.