The president hosted leaders from ticketing organizations to address hidden fees passed on to consumers.
Top executives at public touring and ticket companies have been saying post-pandemic demand remains strong and isn't showing signs of letting up.
The executive joins the Live Nation-owned streaming company from SPIN.
MSG Entertainment shares were up more than 19% this week, while CTS Eventim and Live Nation were also among the best-performing stocks.
The stock climbed 15% on Friday as the company beat consensus with over $3 billion in revenue and forecast a strong year ahead.
Revenue for the concert promotion giant was up 73% over last year, generating $3.1 billion.
The low-dough tix will be available for more than 3,800 shows across North America this year.
The Axios-sponsored event included a performance by Lainey Wilson as Rapino and his company push for ticketing legislation.
The pay bump, which includes a signing bonus and a performance bonus, comes amid a rocky time for the company.
By barring the use of long-term contracts, the legislation risks the unintended consequence of negatively affecting both venues and fans.
