Michael Rapino: Latest News

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17.08.2021 / 14:33

Live Nation to require full vaccination or negative COVID-19 test at UK venues and festivals

COVID-19, or a negative test, at their venues and events in the UK.A representative for the touring giant confirmed the policy when contacted by NME, days after the same plans were unveiled in the U.S.The firm currently operates the entire network of O2 Academy venues in the UK, as well as festivals such as Reading & Leeds, Download, Wireless and Creamfields.It is yet to be confirmed when the policy will be fully implemented in the UK, but Live Nation CEO Michael Rapino has described it as “your ticket back to shows”.“We will be following the model we developed for Lollapalooza and requiring this for artists, fans and employees at Live Nation venues and festivals everywhere possible in the US,” Rapino said in a statement.The decision comes

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Live Nation to require COVID-19 vaccination or negative test from artists, fans

LOS ANGELES - Live Nation Entertainment will require all artists and fans to either show proof of COVID-19 vaccination or a negative test starting Oct.

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Live Nation to require full vaccination or negative COVID-19 test at US venues and festivals

allow its touring artists to set their own protocols for event admission.

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Live Nation will allow artists to set their own COVID-19 entry protocols, won’t allow unvaccinated staff to work shows

shared earlier this week by Variety, artists will be permitted to require proof of vaccination or a negative COVID-19 test to be able to perform a Live Nation show.“We believe this is a great model,” Live Nation CEO Michael Rapino said in the document, “And we have already implemented this successfully at many major shows including Lollapalooza.”Live Nation said it hopes such a provision will encourage more concertgoers to get vaccinated, stressing that getting the jab “is the number one thing anyone can do to take care of those around them”.

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Live Nation to decrease payments, shift burden to music artists in 2021 due to coronavirus

COVID-19 pandemic began making a heavy impact on the global entertainment industry, and with no real end in sight, companies are struggling more and more every day to stay afloat with a lack of business brought upon by social distancing regulations and the risk of spreading the life-threatening virus.With most of this year’s live events ⁠— most notably music concerts ⁠— either cancelled or postponed until sometime next year, North America’s biggest live entertainment company, Live Nation, seems to have been struggling with the repercussions of the novel coronavirus perhaps the most out of any major corportation.Seemingly in response to the economic crisis, Live Nation announced some significant financial adjustments to its contracts with

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Live Nation Terminates $480M Acquisition of Mexican Promoter OCESA

Live Nation has terminated a planned $480 million acquisition of Mexico's largest promoter OCESA Entretenimiento, but a future agreement is still possible, a source tells Billboard. Monday (May 25), Live Nation officials notified Corporación Interamericana de Entretenimiento (CIE)

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hollywoodreporter.com

16.05.2020 / 17:53

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Live Nation Furloughing 20 Percent of Employees

Approximately 20 percent of Live Nation Entertainment employees have been furloughed as part of the company's cost-cutting measures amid the spread of the novel coronavirus, company sources toldThe Hollywood Reporter on Friday. Those furloughs began in late April and affected hundreds of Ticketmaster employees.

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'We're Playing Long Ball': 7 Takeaways From Live Nation's Quarterly Earnings

With a pandemic hanging over the touring industry, Live Nation's first quarter earnings released Thursday revealed the damage caused since concerts were widely suspended in mid-March: Compared to Q1 2019, concert revenue dropped 24.6% and ticketing revenue fell 15.8%.This year, Live Nation will host virtual concerts, is testing drive-in concerts -- these started popping up in parking lots as early as mid-June -- and will later give superstar artists multiple theater dates rather than a single arena concert. And nothing in the Q1 earnings call suggested the leadership team feels anxious about guiding the company through a financially dangerous tumult.

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Live Nation CEO reveals plan to slowly reopen concert venues — by 2021

Still holding onto those tickets — and hopes — despite your event(s) being postponed as a result of COVID-19? Well, you’re not alone. A whopping 90 per cent of concertgoers are doing the same, according to Live Nation‘s Michael Rapino.

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Live Nation aiming to resume concerts at "full scale" in 2021 and discuss plans for drive-in, crowdless gigs

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.

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Live Nation to resume concerts at “full scale” in 2021

"Our goal is really to be on sale in the third and fourth quarters for 2021 at full scale.”

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Live Nation reports 20 per cent revenue loss in first quarter

Due to the global freeze on live music

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Drive-in concerts may be future of live music amid COVID-19

You may soon have to roll up to rock out.

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Live Nation are preparing to test out crowdless gigs and drive-in concerts

The gig promoters are trying to find a way for live music to return amid the coronavirus pandemic

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Live Nation’s Acquisition of Leading Mexican Promoter OCESA Now on Hold

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.

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Michael Rapino Details Live Nation Refund Plan in Staff Memo

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. If new dates aren't set within 60 days of the original event date, fans will automatically be emailed a refund offer, or they can elect to keep their tickets, he explained.The staff memo comes after the Live Nation-owned Ticketmaster fell under intense pressure to offer customers refunds for postponed shows, including complaints from several members of Congress and an angry chorus of fans and members of the media.

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Live Nation change their refund plan to include postponed shows awaiting new dates

The promotion giant previously said that refunds wouldn't be available until a new date was announced for postponed gigs

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COMMENTARY: Hoping to go to a concert or festival? Maybe not this year — or next

This story contains a lot more questions than answers.

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hollywoodreporter.com

13.04.2020 / 19:41

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Live Nation CEO to Forgo $3 Million Base Salary, Execs Take Pay Cuts

A month after suspending all tours amid the novel coronavirus pandemic, Live Nation's CEO will be forgoing his annual base salary and other executives will be taking pay cuts, the events promoter disclosed. Additionally, the company has amended its credit agreement to get access to up to an additional $120 million to $150 million as the concert industry has shuttered across the globe.

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Live Nation CEO to Forego Salary as Company Taps Cost-Cutting Measures

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

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0