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The Compound and Friends

Live from The Compound with Michael Rapino

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.72.2K Ratings

🗓️ 24 May 2022

⏱️ 49 minutes

🧾️ Download transcript

Summary

On this special episode of Live from The Compound, Live Nation CEO Michael Rapino joins Downtown Josh Brown and Michael Batnick! Follow Michael Rapino: https://twitter.com/Michael_Rapino Check out The Compound shop: https://idontshop.com Follow The Compound on Instagram: https://instagram.com/thecompoundnews Follow The Compound on Twitter: https://twitter.com/thecompoundnews Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello everybody and welcome to the compound. Thank you so much for joining us this evening.

0:14.3

It's Monday night and you know if we schedule something for Monday night, we're usually

0:18.6

bringing on somebody special tonight. I am so excited to introduce you guys to somebody

0:24.4

who I have admired from afar for a long time and I'm actually a shareholder of his. Michael

0:30.6

Rapinoe who is the president and CEO of Live Nation and probably one of the most influential

0:37.6

people in music. Is that a stretch or do you think you are? How would you phrase it?

0:45.4

You know live is pretty important to the artist. I think as we say it's 90% of their revenue

0:49.9

we spend about six billion dollars at midnight so I think live is a pretty good part in

0:54.5

a stretch. You're going to own that. You're pretty influential guy. I want to give people

1:01.2

your backstory because it's amazing and I know it second hand from Brooke and I've read

1:07.9

a bunch about you but I want to hear it in your own words because I want people to understand

1:13.7

the vision behind what you started where you came from and then we're going to talk

1:20.0

about Live Nation as it stands today which 20 billion dollar publicly traded company, absolute

1:27.4

giant in the music biz. Where did it all come from and where did you come from?

1:35.0

The condensed story is I grew up in a small town. Thunder Bay Canada went to university

1:39.9

and at Lake Ed University ranked very high in the social calendar in Canada, spear drinking

1:47.6

capital. So I started book and shows in the college and I did a great show with Jeff

1:55.4

Healy, Canadian artist and some local promoters loved the business. At the time in Canada there

2:02.4

was a rolling stone steel wheels tour some other promoters were working and I just loved

2:08.4

the idea of being the promoter sitting backstage putting this show on and I had one of my mentors

2:14.4

Robert Peters and I sat in a bar in Thunder Bay and on a napkin said I want to build the

2:19.1

largest live entertainment company in the world. I just saw how special it was. Now I

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