Live Nation Entertainment has announced Women Nation Fund, an early-stage investment initiative to support female-led live music businesses.
The goal of the fund is to identify, fund and widen the pool of female-run festivals, events and promotion companies on a global scale.
It will give underrepresented women entrepreneurs working across concert promotions, events and festivals access to resources and financial support.
Applicants will be evaluated by Live Nation executives including Anna Sjolund (co-managing director/head promoter, Live Nation Sweden), Amy Corbin (promoter, C3), Virginia Davis (founder, G Major Management) and Amy Howe (chief operating officer, Ticketmaster).
Live Nation’s Michael Rapino said: ‘As the leader in live entertainment, we want to meaningfully address this issue, change the dynamic and widen the playing field. The Women Nation Fund is a first step towards empowering new entrepreneurs and creating more opportunity for women in this sector of the live music business.’
Dr. Stacy Smith, founder and director of the Annenberg Inclusion Initiative at the University of Southern California, added: ‘Women are underrepresented across the entertainment ecosystem, but we see this particularly in the music industry.
‘One crucial way to kick-start the effort towards gender parity is to fund female entrepreneurs. I applaud Live Nation for their leadership and for committing its resources in a way that can affect real change.’