President and Chief Executive Michael Rapino has agreed to a new five-year deal to remain in the position at Live Nation.
According to details revealed by Live Nation, the deal includes a significant increase in 
compensation for Rapino, with an annual target payday of $30 million if performance metrics are met.
Rapino joined the group in 2005 and will have spent more than 20 years as its chief executive by the time his new contract expires in 2027.
“Rapino successfully steered Live Nation through two years of pandemic shutdown, emerging better positioned than ever and on pace for a record year in 2022 with over 100 million fans across 45 countries,” the company said in a statement. “Similar to past contracts, 90% of Rapino’s total compensation is tied to continued growth and delivery of shareholder value.”
