How a kid from Thunder Bay became Live Nation’s czar of concert tickets - and pop music’s public enemy No.1

How a kid from Thunder Bay became Live Nation ’s czar of concert tickets - and pop music’s public enemy No.1CEO and President of Live Nation Entertainment, Inc. Michael Rapino talks to members of the media at the Allen & Company Sun Valley Conference on July 7, 2021, in Sun Valley, Idaho.

Live Nation has not filed a response to the lawsuit, but has apologized for the ticketing chaos while denying it is engaged in antitrust activities. The company did not respond to interview requests. “The goal on this napkin was that by the time I was 40 years old I’d be running the largest live entertainment company in the world,” he told the Lakehead graduating class of 2015 when he returned to his hometown to receive an honorary doctorate.While still at Lakehead he landed a job with Labatt Brewing Company staging concerts in local bars.

The concert promotion company started life heavily indebted and lacking direction. It was, as Mr. Rapino himself would later tell a Senate committee studying his company’s merger with Ticketmaster, “a struggling business with one of the worst reputations in the live music industry.” The U.S. Justice Department ultimately approved the takeover with a 10-year consent decree that barred the new company from forcing venues to use Ticketmaster services. The department launched a second investigation of the Live Nation-Ticketmaster merger in 2019 and found what it called repeated violations of that decree, which was then amended with tougher penalties and extended to 2025.

Source: News Formal (newsformal.com)

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