Live Nation Adds Jimmy Iovine To Board
December 2, 2014 at 5:18 PM (PT)
LIVE NATION ENTERTAINMENT has appointed JIMMY IOVINE to the Board as a new independent director, effective DEC. 2nd. IOVINE, former head of INTERSCOPE RECORDS and Co-Founder of BEATS ELECTRONICS and BEATS MUSIC, brings his entrepreneurial experience in creating new business models in the music industry, knowledge of brand building and insight into marketing to music fans.
"JIMMY is an extraordinarily gifted arbiter of culture who understands brands and creating compelling new products and services," LIVE NATION Board of Directors Chairman GREG MAFFEI said. "He will add an important voice to our board of directors as we look to continue to accelerate LIVE NATION's growth plans."
"JIMMY is a great addition to the Board and will be a tremendous asset for me and the rest of the management team," LIVE NATION Pres./CEO MICHAEL RAPINO said. "He has been at the forefront of innovation in the entertainment industry for decades, and as an entrepreneur, he has combined business inventiveness and marketing prowess with a deep understanding of the music fan to develop and deliver some of the most sought after artist-oriented consumer products and experiences. This expertise will help LIVE NATION as we continue to discover new ways to attract and engage the live music fan."
"LIVE NATION has put together the right management team and incredible assets to really be effective in the new music economy," said IOVINE.