Michael Rapino Latest Celebrity News & Gossip

Dan Parise on Monday brought forth many sad and shocked tributes from his friends in the music industry.A 30-year veteran producer, Parise was nominated for a “Best Music Film” Grammy Award and an “Outstanding Special Class” Emmy Awards for his work as producer of the “Beyonce & Jay-Z: On the Run” concert film, and also received an Emmy nom for his work on the “12-12-12: A Concert for [Hurricane] Sandy Relief.” After working at Live Nation for many years, he founded Diversified Production

coronavirus pandemic has forced festivals around the world to cancel their 2020 editions, with fears over their futures if they can’t safely return in 2021.Writing in a memo shared with the promotion company’s investors, Michael Rapino said there were positive signs for next year’s summer events already. “Importantly, we remain confident that fans will return to live events when it is safe to do so,” he wrote.

Michael Rapino calls the stat “our strongest indicator of demand” — while other promoters, including AEG, have reported similar numbers for its tours. But what does the number 86% number really tell us? What data is included in the calculation, and what is being left out? Below, Billboard attempts to answer some of the questions posed to our touring desk about this oft-cited stat.How is the 86% number calculated?It’s a fairly straightforward equation.

Jill Goldsmith Co-Business EditorLet’s get this over with. Live Nation, which makes a living on live events, saw revenue plunge 98% last quarter to $74 million and swung to a loss of $588 million from a profit of $176 million the year before.

Guy Oseary has “stepped down” from the day-to-day running Maverick, the management collective he founded in 2014. “I’m ready for my new chapter and welcome the opportunity to have more time to focus on management of Madonna and U2 while furthering my passion for identifying and incubating revolutionary businesses,” said Oseary in a statement, first published by Billboard.

Guy Oseary is stepping away from his day-to-day role at his management collective Maverick to consult for Live Nation CEO Michael Rapino and further concentrate on his tech and entertainment entrepreneurial interests.The news comes with a three-year extension of Oseary's existing partnership with Live Nation, which purchased Maverick in 2013.

Concert promoter Live Nation has said they are planning to resume concerts at "full scale" in 2021, after the spread of coronavirus stopped live shows across the world.

Due to the global freeze on live music

By Jill Goldsmith

By Jem Aswad

Live Nation blockbuster $480 million purchase of a controlling interest in Mexican promoter OCESA Entretenimiento has been put on hold because of the COVID-19 crisis, Live Nation chief executive Michael Rapino announced Thursday (May 7) on its first quarter earnings call.

Live Nation chief executive Michael Rapino emailed his staff Tuesday detailing plans for issuing refunds to ticket buyers, including news the company was expanding its refund offer to fans who bought tickets for events that have not yet been rescheduled.

With the live events industry facing an uncertain future, Live Nation president/CEO Michael Rapino will forego his salary, part of a variety of cost-cutting measures the events promoter is implementing to save $500 million by the end of 2020. Live Nation will cut salaries for senior executives by up to 50%. Rapino's pay will go from $3 million to zero, president

By Jem Aswad

Live Nation chief executive Michael Rapino has purchased $1 million worth of stock in the company he has built since 2005, according to a recent filing with the Securities and Exchange Commission on Thursday (March 12).The stock purchase comes on a brutal day for the stock market, with the Dow Jones Industrial Average dropping nearly 10% or about 2,352 points -- the biggest one-day drop in 33 years.

Live Nation chief executive Michael Rapino has purchased $1 million worth of stock in the company he has built since 2005, according to a recent filing with the Securities and Exchange Commission. The stock purchase comes on a brutal day for the stock market, w

As coronavirus fears ravaged global markets -- slashing Live Nation's stock by more than 25% since mid-February -- the concert giant's CEO, Michael Rapino, tried to reassure investors. "Asia is less than .01 of nothing of our business right now," he said. "The fan will show up." But in the past week alone promoters have canceled Ultra Music festivals in Miami and Abu Dhabi and

While expecting some coronavirus “hot spots” and concert cancellations, Live Nation is “cautious” yet “optimistic” the pandemic will not leave a lasting mark on the global concert promoter and ticketer, CEO Michael Rapino said during Thursday’s earnings call for its record $11.5 billion 2019 results.To be sure, the concert business will be affected by the fast-spreading COVID-19 to some degree.

Live Nation is opening a new 1,000-capacity music venue called Hi-Fi Dallas in Texas’ Design District. The 25,000-sq.-ft. club will be located just south of the NBA’s Dallas Mavericks’ practice facility on land purchased by Mavericks owner Mark Cuban, Billboard has confirmed.