Several live music companies like Live Nation, Ticketmaster, Academy Music Group, and AEG have presented their gender pay gap reports for 2022/23.
After being postponed during the pandemic, UK-based companies are now disclosing their pay gap information again, reflecting data from April 5, 2022, for the 2022-23 period.
The gender pay gaps within Live Nation, Ticketmaster, Academy Music Group, and AEG in the live music industry vary from 16.5% to 37.5%, according to IQ’s report.
Live Nation UK has shown a 24.8% improvement in its median pay gap compared to the previous year, reducing the difference to 6.6% in 2022/23.
Live Nation mentioned that pay discrepancies in senior management and upper quartiles are largely influenced by commercial performance, leading to more significant variations in pay and bonuses than in other business levels. They highlighted ongoing salary reviews and recent job leveling to ensure equal pay for the same roles and experience levels.
At Ticketmaster, women’s median hourly pay remains notably lower than men’s by 25.9% in 2022/23, with a 16.5% difference in mean pay.
Meanwhile, AMG’s latest report revealed a growing pay gap over the last four to five years. Women’s median pay is now 10.7% lower than men’s in 2022/23, up from 6% in 2018/19. The mean pay gap has also increased to 22.9% from the previous report’s 21%.
Anschutz Sports Holdings, the parent company of The O2 and AEG Presents, reported a median gender pay gap of 31.9% (11% in 2021) and a mean pay gap of 37.5% (22% in 2021).
AEG acknowledged the need for continued efforts to narrow the gender pay gap while highlighting the positive impact of their ED&I strategy since 2017. They emphasized their commitment to fostering an inclusive workplace where every individual can prosper.
