Live Nation has announced their establishment of the Women Nation Fund, which will help provide for female-led music businesses worldwide.
Not only is the company setting up the fund, but it will also allow underrepresented female entrepreneurs who are working in concert promotions, events, and festival spaces the opportunity to use Live Nation’s resources and capital.
“As the leader in live entertainment, we want to meaningfully address this issue, change the dynamic and widen the playing field,” Live Nation President and CEO Michael Rapino said in a statement. “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, the founder and director of the Annenberg Inclusion Initiative at the University of Southern California, explained that women are underrepresented in the entertainment business in general, but are overlooked most in the music industry.
“One crucial way to kick-start the effort towards gender parity is to fund female entrepreneurs,” she said. “I applaud Live Nation for their leadership and for committing its resources in a way that can affect real change.”
The Woman Nation consists of a team of female executives at Live Nation, including Head Promoter of Live Nation Entertainment in Sweden Anna Sjolund, Promoter for C3 Amy Corbin, Founder of G Major Management Virginia Davis, COO of Ticketmaster Amy Howe, VP of Touring Lesley Olenik, President of Front Gate Tickets Maura Gibson, VP of Touring Kelly Chappel, and Chief Communications Officer Carrie Davis. The fund accept proposals from female-founded businesses via their webpage. Then, this group of professionals will select businesses to be given access to Live Nation’s resources – whether it be industry contacts, strategic advisory, or just a helpful mentor from an executive.
For more information regarding The Woman Nation Fund, employee bios, and an application for submission, visit womannationfund.livenation.com.