Ariel Emanuel speaks onstage during Los Angeles LGBT Center's 48th Anniversary Gala Vanguard Awards at The Beverly Hilton Hotel on September 23, 2017 in Beverly Hills, California.
Emma McIntyre/Getty ImagesAri Emanuel has resigned from his position on the Live Nation board of directors nearly 14 years after the founding partner at Endeavor was elected to represent shareholders of the world’s largest concert promoter, according to an SEC filing from Friday.
Emanuel had planned to leave following the launch of Endeavor’s IPO in April, according to a source at Live Nation, After a false start in 2019, Emanuel was able to successfully take the sprawling entertainment company Endeavor -- which owns the WME and IMG talent agencies, the Miss Universe Pageant, Ultimate Fighting Championship and ticketing and hospitality company OnLocation -- public on the New York Stock Exchange, raising about $511 million at a valuation of a little over $6 billion.
But his timing exiting Live Nation makes sense for another reason: Documents obtained by Billboard suggest Emanuel was waiting until June 3 for the vesting of his final stock award of 4,470 shares issued June 2020 worth nearly $400,000.
In a Live Nation SEC filing announcing Emanuel’s exit, the company said he “withdrew from reelection to the board of directors and will not be standing for reelection at the Company’s annual meeting of stockholders" on June 10. Live Nation officials note that the split was amicable and “not the result of any disagreement.”
Emanuel has enjoyed a long relationship with Live Nation chief executive and president Michael Rapino. Endeavor’s talent agency, WME, is one of the world’s largest music agencies and has booked the company’s clients across Live Nation’s portfolio of venues, festivals and global touring deals, resulting in billions of dollars in tickets sold. Endeavor also holds a partial ownership stake in Lollapalooza with Live Nation, which the promoter acquired in 2014 with the purchase of C3 Presents.
Live Nation’s stock value has grown nearly 350% during Emanuel’s time on the board, trading for approximately $20.30 per share in September 2007, down to a low of less than $5 per share in 2009 during the worst months of the financial crisis before beginning its ascent in 2013 and eventually reaching $75 a share in 2019. That’s a point Emanuel famously reminded Irving Azoff of in June 2013, six months after Irving unexpectedly resigned from his chairman position at Ticketmaster and cashed out his stock.
Emanuel began the fight, with many executives and WME agents on copy, forwarding an article from the Financial Times reporting that Live Nation’s stock price nearly doubled in the first half of the year.
“The article says since you left stock has continued to grow…..interesting,” Emanuel wrote. “How much money you lost by selling. Stupid move.”
Irving Azoff’s wife, Shelli Azoff, disagreed: “I am in the air on my new g450 (private jet),” she replied “We did ok with the LN stock.”
Years later, Emanuel might now be wondering if he sold his own Live Nation stock too early. On March 3, 2020, about 10 days before the company pulled touring shows off the road due to the growing COVID-19 pandemic, Emanuel sold more than 71,000 of his shares in Live Nation — representing 97% of his holdings in the company for approximately $58.26 per share, for a total of $4.8 million. Had he waited 15 months until his other stocks had vested on June 3, 2021, to cash out his holdings, it would have been worth $90 per share, buoyed by investor expectations for a strong recovery after the pandemic, generating $6.4 million.
NEWS
Lola Young has joined forces with Campaign Against Living Miserably (CALM) to release a new T shirt for the charity’s Lifelines collection.
The shirt supports CALM’s suicide prevention work, with proceeds helping to fund vital resources such as its helpline and CALMzone mental health app.
CALM introduced the Lifelines range last year, with Fontaines D.C., Blossoms and Inhaler also contributing their own designs to the collection.
Young’s design includes the words, “There’s a flicker of light. There’s always morning after the night”, taken from her track ‘Flicker Of Light’.
“I wrote this song about realising there is hope. I have often felt like there isn’t, but there is always a reason to keep going,” Young said. “That’s even when you don’t want to get out of bed, you do, and that is amazing, and you’re still here, and you’re still alive, and if anything, that’s something to be proud of.”
CALM CEO Simon Gunning also shared his appreciation for the collaboration, saying: “We couldn’t be more grateful to Lola for supporting ‘Lifelines’ and showing just how powerful music can be as a force for good.”
Priced at £30, the T shirts come in both standard and boxy fits and are available to purchase here.
Young has regularly spoken about her experiences with mental health. She returned to performing earlier this year after calling off her 2025 tour because of exhaustion. The decision followed her collapse during a performance in New York City. During her time away, she later discussed receiving support for addiction and attending AA meetings as part of her recovery.
In an interview with NME in May, Young explained that she believes “all healing journeys are never ending”, although she is now “definitely in a much better place”. She also said she feels “excited and ready to perform and to release music”.
Reflecting on the encouragement she received after publicly discussing those challenges, Young said: “My fans inspire me in the same way I hope to inspire them. I feel like I’ve never tried to be especially honest… it just comes very naturally to me.”
“I don’t really have any other choice but to be honest, so if people connect to that, and that’s amazing.”
Several musicians have also applauded the ‘Messy’ singer for honestly addressing the pressure placed on touring performers. Lily Allen said she was “in awe” of the BRIT and Grammy winner, while Victoria Canal credited Young with bringing greater attention to the damaging impact demanding tour schedules can have on artists’ mental wellbeing.
When NME asked whether musicians were beginning to establish firmer boundaries around their health, Young replied: “I never intended it to start a movement, but I hope that it does in some way.”
