Music Venue CEO Sees Vaccines Stirring Outdoor Concert Demand

Live Nation Entertainment CEO Michael Rapino sees outdoor public activities among the first events to return with the rollout of COVID-19 vaccines. “We continue to have a substantial tailwind in the live event industry, as consumers, more than ever, are looking to spend on experiences,” said Rapino on a Q4 call Thursday. The pandemic sent 2020 revenue plunging 84%, resulting in an operating loss compared with a year-earlier profit.