Quotes from Michael Rapino

In our business we don't mind if a price of a ticket goes down; our job is to get as many bums in seats as possible.

I have no problem if you bought a Justin Timberlake ticket and you decide to go sell that ticket to somebody. We would first and foremost want to make sure that the first ticket sold, that the fan has a shot to buy that ticket.

A promoter needs to be in the e-commerce ticketing business. In a fundamental sense the promoter's job is to buy a show and go and market and sell the tickets.

History has shown that even in a recession, consumers go to shows.

Corporate America couldn't be more excited about the demise of the record companies.

We believe that the Internet is the live concert promoters best friend although it might have crippled the record label business.

No matter where the price of gas is, the consumer's still got to get out. They've still got to save their money to go see Tim McGraw.

Dave Matthews, Tim McGraw, U2, The Rolling Stones - there are a lot of artists selling out stadiums around the world that we work with regularly. And end up making most of our money with those artists.

We have not had a ton of innovation and marketing in the concert industry, much like the record industry. We have been a fairly old-school business compared to Coca-Cola and the big packaging/marketing companies.

When a fan buys a ticket, we learn an enormous amount about them: What bands they like, where they live, how much they are willing to spend. Someday, a fan will be sitting in a bar and his cellphone will text message 'Sonic Youth are playing tonight. Do you want to go?' He'll buy his ticket over the phone and walk to the concert.

Adding C3, the leading festival portfolio in North America, to our global portfolio of Insomniac, Festival Republic and Country Nation provides Live Nation with the world's largest festival platform.

The biggest cost of my business is competition - promoters bidding against each other to get a tour.

The touring business is obviously critical to selling records, building fan bases, selling T-shirts, fulfilling sponsorship commitments.

Madonna would not have done a 360 deal with us just because of our touring capability. We had to prove to her and others that we have been working on and built a very good execution capacity at Artist Nation.

Jay Z is one of the world's preeminent touring artists.

Rihanna can sell just as many tickets in Cape Town as she can in Detroit.

Bono. He still is somebody who, and I don't say I'm starstruck in that sense, I'm always in awe of. It doesn't matter how many times I've been with him, he's still an exceptional man that continually inspires me in many ways in life.

We need to bring down service fees, become much more transparent and regain trust from consumers.

Everyone loves to criticize Ticketmaster, but the real asset of Ticketmaster is that it's the third-largest e-commerce site in America.

I'm an introvert by nature.

At a very young age in Canada, I had mapped out that my mission in life and my passion was live events.

House of Blues has soul right down to the chef in the kitchen.

As an industry, YouTube and digital content have a huge upside to creation and virally reach fans, and there's a multi-billion dollar business of advertising attached to that.

Hosting over 35,000 concerts and festivals each year, Live Nation has the opportunity and responsibility to provide our artists and fans with a live music experience that protects our planet. The adverse effects of climate change are undeniable, and we want to use our place on the world stage to be part of the solution.