Live Nation has established an early-stage investment fund focused on female-led live music businesses.
Announcing the initiative today, Live Nation’s President and CEO, Michael Rapino said the fund was created to address gender parity in the live sector and provide access to capital for underrepresented female entrepreneurs in concert promotions, events and festivals spaces.
“As the leader in live entertainment, we want to meaningfully address this issue, change the dynamic and widen the playing field,” Rapino said. “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.”
Businesses selected by the fund will be given access to Live Nation resources such as strategic advisory, industry contacts and mentorship across lines of business and functional areas.
"Women are underrepresented across the entertainment ecosystem, but we see this particularly in the music industry," said Dr. Stacy Smith, the Founder and Director of the Annenberg Inclusion Initiative at the University of Southern California. "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."
The Women Nation Fund will identify, fund and grow the pool of female-led festivals, events and promotion companies available on a worldwide basis. Entrants must be female-founded and oriented around concert promotion, festivals or live venue management.
The Women Nation evaluating team is comprised of Live Nation female executives with diverse domain expertise including Anna Sjolund (Co-Managing Director/Head Promoter, Live Nation Sweden), Amy Corbin (Promoter, C3), Virginia Davis (Founder, G Major Management), Amy Howe (COO, Ticketmaster), Lesley Olenik (VP, Touring), Maura Gibson (President, Front Gate Tickets), Kelly Chappel(VP, Touring) and Carrie Davis (Chief Communications Officer).
For more information and to apply to the Women Nation Fund visit: https://womennationfund.livenation.com/
With a capacity of 25,000, the stadium remains on track for completion just in time for the 2020 National Rugby League season.