“MARK SHAPIRO ELECTED TO LIVE NATION’S BOARD OF DIRECTORS”
LOS ANGELES, CA (Live Nation) November 18, 2008 – Live Nation (NYSE: LYV) announced today that Mark Shapiro, President and Chief Executive Officer of Six Flags, Inc., the world’s largest regional theme park company, has joined the company’s board of directors.
“Mark’s position at Six Flags gives him an unparalleled level of experience in consumer entertainment, brand building, sponsorship and marketing,” said Michael Rapino, President and Chief Executive Officer of Live Nation. “He will be an important resource to us at Live Nation as we continue to shift into our role as a business-to-consumer operation.”
Mr. Shapiro joined Six Flags in December 2005. During his tenure the Six Flags brand has been refocused and reenergized, resulting in record financial performance in 2008, including the company’s being free cash flow positive for the first time in its history. Prior to joining Six Flags, Mr. Shapiro spent 12 years at ESPN, where he bore significant responsibility for many of the sports and entertainment properties that built the television network into one of the world’s strongest multi-media brands.
During his tenure, he garnered 16 Emmy Awards and the only two Peabody Awards won by ESPN to date. A Chicago native, Mr. Shapiro graduated from the University of Iowa with a Bachelor of Arts degree.
ABOUT LIVE NATION:
Live Nation’s mission is to maximize the live concert experience. Our core business is
producing, marketing and selling live concerts for artists via our global concert pipe. Live Nation is the largest producer of live concerts in the world, annually producing over 16,000 concerts for 1,500 artists in 57 countries. The company sells over 45 million concert tickets a year and expects to drive over 60 million unique visitors to LiveNation.com in 2008. Live Nation is transforming the concert business by expanding its concert platform into ticketing and building the industry’s first artist-to-fan vertically integrated concert platform. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol “LYV.” Additional information about the company can be found at www.livenation.com/investors.