Live Nation Entertainment has established an investment fund to boost music businesses led by women. The Women Nation Fund seeks to promote female entrepreneurs in concert promotions, events and festival spaces.
The goal of the Women Nation Fund is to increase the number of music events, festivals and promotion companies led by women.
Live Nation president and CEO Michael Rapino said the company wants to take a meaningful step in addressing the lack of representation of women in the music business.
"As the leader in live entertainment, we want to meaningfully address this issue, change the dynamic and widen the playing field," 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."
The Women Nation Fund will be led by a team of female executives, including Anna Sjolund (co-managing director/head promoter at Live Nation Sweden), Amy Corbin (promoter and director of concerts at C3 Presents), Virginia Davis (managing partner of G Major Management), Amy Howe (COO of Ticketmaster), Lesley Olenik (vice president of touring at Live Nation), Maura Gibson (president of Front Gate Tickets), Kelly Chappel (vice president of European touring at Live Nation) and Carrie Davis (Chief Communications Officer of Live Nation).
The lack of female artists at music festivals has been a hot topic of discussion recently. Providing more opportunities for female-led music businesses could help lead to more equal representation across the board within the music industry.