MIT CLIMATE MACHINE WITH SUPPORT FROM COLDPLAY, WARNER MUSIC GROUP, LIVE NATION, AND HOPE SOLUTIONS RELEASE FIRST EVER TOTAL EMISSIONS OF LIVE MUSIC IN US AND UK

Rhea-AI Summary

Live Nation (NYSE:LYV) — Dec 11, 2025: MIT Climate Machine, with support from Coldplay, Warner Music Group, Live Nation, and Hope Solutions, released the first comprehensive annual carbon-accounting of live music in the U.S. and U.K.

The study covers 80,000+ events and finds fan travel drives the majority of emissions (77% U.K., 62% U.S.), food & beverage contributes 16.9% U.S., 7.6% U.K., and plant-based menus could cut food emissions by ~40%. Excluding fan travel, trucking (U.S.) and air freight (U.K. ~35%) rise as main sources. Large-format shows produce a disproportionate share. A 50+ member advisory committee supported methodology and recommendations for coordinated industry action.

Positive

• Study covers 80,000+ live events across U.S. and U.K.
• Fan travel identified as largest emissions source: 77% U.K., 62% U.S.
• Plant-based menus could reduce food emissions by ~40%
• Advisory committee includes 50+ industry and sustainability leaders

Negative

• Live music represents 0.2% of U.S. emissions and 1.1% of U.K. emissions
• Fan travel dominance limits easy, venue-level emissions reductions
• Air freight makes up nearly 35% of U.K. emissions when excluding fan travel
• Large-format shows generate a disproportionate share of total emissions

Key Figures

Events analyzed 80,000+ shows Live music events across U.S. and U.K.

US emissions share 0.2% Live music share of total U.S. emissions

UK emissions share 1.1% Live music share of total U.K. emissions

Fan travel UK 77% Share of live music emissions from fan travel in U.K.

Fan travel US 62% Share of live music emissions from fan travel in U.S.

Food & beverage US 16.9% Share of U.S. live music emissions from food and beverage

Food & beverage UK 7.6% Share of U.K. live music emissions from food and beverage

Menu shift impact 40%+ reduction Potential emission cut from shift to plant-based menus

Market Reality Check

$138.82 Last Close

Volume Volume 3,252,551 is in line with the 20-day average of 3,284,554 (relative volume 0.99). normal

Technical Price at 138.82 is trading below the 200-day MA at 144.69 and about 20.79% below the 52-week high.

Peers on Argus 1 Up

LYV was down 0.18% while key media peers like WBD, FOX/FOXA, NWS, and WMG showed gains between about 0.51% and 2.14%, indicating a stock-specific move rather than a broad sector reaction to the climate-report news.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 11	Demand study	Positive	-1.1%	Global survey showing live music as top entertainment preference worldwide.
Nov 05	Strategic partnership	Positive	-10.6%	Long-term Ticketmaster partnership for next-gen Washington, D.C. arena.
Nov 04	Earnings release	Positive	+0.6%	Record Q3 2025 revenue, AOI, and strong ticketing and deferred revenue.
Oct 28	Event promotion	Positive	-1.4%	Announcement of John Carpenter livestream concert via VEEPS, a LYV company.
Oct 20	Investor update	Neutral	+0.3%	Rescheduled time for 2025 investor presentation following Q3 results.

Pattern Detected

Recent news often saw muted or negative reactions, including a sharp selloff on a major Ticketmaster partnership, with only earnings clearly aligning positively with price.

Recent Company History

Over the last few months, Live Nation has highlighted strong fundamentals and strategic positioning. Q3 2025 results on Nov 4, 2025 showed record revenue of $8.5B and higher AOI, yet the stock reacted only modestly. A large Ticketmaster arena partnership tied to an $800M+ transformation drew a double‑digit decline. Broader brand and demand studies and investor-day logistics updates have produced small, mixed moves. Today’s climate-impact report fits into this pattern of strategic, reputational announcements with limited immediate price alignment.

Market Pulse Summary

This announcement centers on a comprehensive emissions analysis for live music, covering over 80,000 events and showing that fan travel can account for 62–77% of emissions. For Live Nation, it underscores how large-format shows and ancillary activities like food and beverage (7.6–16.9% of emissions) shape its environmental footprint. Investors may watch how these insights translate into venue practices, touring logistics, and partnerships that address sustainability without disrupting demand or margins.

Key Terms

carbon emissions technical

"released the first comprehensive annual carbon emissions calculation of the live music industry"

Carbon emissions are greenhouse gases, mainly carbon dioxide, that are released into the atmosphere when fossil fuels are burned or through industrial processes; think of them as the company equivalent of smoke from a chimney or the CO2 you exhale. Investors care because those emissions can lead to higher operating costs, fines, new rules, or damaged reputation, all of which can lower a company’s future profits and value.

greenhouse gas emissions technical

"capturing greenhouse gas emissions across all major impact areas including trucking"

Greenhouse gas emissions are the gases a company releases into the air—like carbon dioxide or methane—that trap heat in the atmosphere and contribute to global warming. For investors, these emissions matter because they can lead to higher regulatory costs, fines, shifting consumer preferences, and physical risks (like supply-chain disruptions), or create opportunities in low-carbon products; think of emissions as a company’s climate footprint that can affect future profits and value.

AI-generated analysis. Not financial advice.

Findings from over 80,000 shows across the U.K. and U.S. provide a foundation to decarbonize the future of live entertainment

Click HERE for the full report

NEW YORK, Dec. 11, 2025 /PRNewswire/ -- The Massachusetts Institute of Technology's Climate Machine (formerly part of the MIT Environmental Solutions Initiative) with support from Coldplay, Warner Music Group (WMG), Live Nation, and Hope Solutions have released the first comprehensive annual carbon emissions calculation of the live music industry in the U.S. and U.K.

The study analyzes data from over 80,000 events across the U.S. and the U.K., capturing greenhouse gas emissions across all major impact areas including trucking, energy, food and beverage consumption, water, waste, fan travel, artist and crew travel, accommodation, and freight. Though the live music sector accounts for just 0.2% of the U.S.'s and 1.1% of the U.K.'s total emissions, its cultural reach is vast. Industry decisions—from sustainable venue practices to greener fan travel—can set trends, shape behavior, and inspire broader climate action.

The report identifies key areas where both industry players and fans can take measurable steps to reduce emissions, considering the full lifecycle of events. Achieving meaningful progress will require coordinated action from artists, industry stakeholders, policymakers, and fans alike to drive scalable, long-term change.

Key findings include:

• Fan travel is the largest driver of live music emissions, accounting for 77% in the U.K. and 62% in the U.S. across nearly all event types.
• Food and beverage ranks next, contributing to 16.9% in the U.S. and 7.6% in the U.K., driven largely by animal-based products. A shift toward plant-based menus could reduce these emissions by 40% or more.
• When fan travel is excluded, trucking and freight emerge as major contributors–trucking makes up 14% of U.S. emissions, while air freight accounts for nearly 35% in the U.K.
• Large-format shows, though fewer in number, generate a disproportionate share of total emissions, making festivals and stadium tours powerful catalysts for innovation and scalable climate solutions.

Grounded in rigorous peer-reviewed research, industry reports, and advanced analysis, the findings offer an unprecedented, data-driven view of live music's environmental impact. An Advisory Committee of more than 50 senior leaders, sustainability experts, and music industry veterans contributed strategic insights that shaped the report's methodology and recommendations.

"The research and analysis that has now resulted in the total greenhouse gas emissions attributable to live music in the UK and US marks a new anchor for meaningful actions. This detailed accounting of emissions sources and amounts guides a set of recommendations that point to a new era of emissions reductions and sustainability practices across all of live music" - Professor John Fernández and Dr. Norhan Bayomi, Co-Founders MIT Climate Machine

"Live music doesn't just entertain; it shapes culture and connects communities. As we advance our sustainability efforts, we're committed to turning insights into measurable action--aligning purpose with performance, building resilience across the ecosystem, and ensuring that music continues to create shared value for artists, fans, and the planet alike." - Madeleine Smith, Senior Director, ESG at Warner Music Group

"Real progress starts with shared understanding. For the first time, the live music industry has a clear picture of where our collective impact lies. For Live Nation, this data empowers us to continue taking smarter, more coordinated action in partnership with artists, venues, and fans to preserve a strong future for live music and the communities that support it." - Lucy August-Perna, Head of Sustainability at Live Nation

"This report gives the live music industry its clearest, quantified, picture yet of where touring impacts the planet most. By taking data and evidence from across the sector, this study helps signal the need for practical, forward-thinking solutions that empower artists, promoters, and venues to focus on both measurement as well as take meaningful action to reduce their environmental impact." - Luke Howell, Founder & Director of Hope Solutions, MSI CEnv FISEP

About MIT Climate Machine, formerly of the Environmental Solutions Initiative (MIT ESI)
The Climate Machine is a research group of the Massachusetts Institute of Technology that works with the Media and Entertainment Industry in assessing and reducing impacts on global climate change and other planetary environmental challenges. The Climate Machine employs the latest analytical methods, including machine learning and feature engineering often in data scarce contexts to identify the complex dynamics behind emissions of greenhouse gases and discover the best pathways toward lowering and eliminating diverse environmental damage. The Climate Machine was formerly a program of the MIT Environmental Solutions Initiative (ESI) which has now been reconstituted among a group of other units at MIT including the MIT Climate Project and the successor to the ESI - MIT Environmental Research + Action (ERA).

About Coldplay
Coldplay is a British rock band known for its chart-topping hits and commitment to social and environmental causes. With a massive global fan base, Coldplay has used its platform to advocate for positive change and sustainability.

About Warner Music Group
Warner Music Group (WMG) brings together artists, songwriters, entrepreneurs, and technology that are moving entertainment culture across the globe. Operating in more than 70 countries through a network of affiliates and licensees, WMG's Recorded Music division includes renowned labels such as 10K Projects, 300 Entertainment, Asylum, Atlantic, Big Beat, EastWest, Elektra, Erato, First Night, Fueled By Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Spinnin', Warner Records, Warner Classics, and Warner Records Nashville. WMG's music publishing arm, Warner Chappell Music, has a catalog of over one million copyrights spanning every musical genre, from the standards of the Great American Songbook to the biggest hits of the 21st century. Warner Music Group is also home to ADA, which supports the independent community, as well as artist services division WMX. Follow WMG on Instagram, X, TikTok, LinkedIn, and Facebook.

About Live Nation
Live Nation Entertainment (NYSE: LYV) is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. For additional information, visit livenationentertainment.com.

About Hope Solutions
Hope Solutions is a leading sustainability consultancy that works with music, media and entertainment projects and organizations across the globe, supporting the development and deployment of world leading sustainability programmes and solutions. For additional information, visit www.hopesolutions.services or follow us on LinkedIn.

Media Contacts:

MIT
p1lm@mit.edu

Warner Music Group
communications@wmg.com

Live Nation
tiffanybriggslow@livenation.com

Hope Solutions
lily.batten@syncedup.co.uk

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SOURCE Warner Music Group Corp.

FAQ

What did Live Nation (LYV) announce on Dec 11, 2025 about live music emissions?

Live Nation supported an MIT Climate Machine study reporting total live music emissions from 80,000+ U.S. and U.K. events with detailed source breakdowns.

How much of live music emissions is caused by fan travel in the U.S. and U.K.?

Fan travel is the largest driver: 62% in the U.S. and 77% in the U.K..

What reduction could plant-based menus achieve according to the Dec 11, 2025 report?

Shifting to plant-based food could lower food and beverage emissions by about 40%.

What are the major non-travel emission sources for live events noted in the report?

Excluding fan travel, trucking accounts for a major share in the U.S. and air freight ~35% in the U.K.

Why are large-format shows important for Live Nation (LYV) sustainability efforts?

Large-format shows produce a disproportionate share of emissions, making festivals and stadium tours key targets for scalable reductions.