MIT Releases First Carbon Emissions Report for Live Music Industry
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
- Industry Carbon Emissions Analysis: MIT Climate Machine, in collaboration with Coldplay, WMG, and Live Nation, has released the first-ever carbon emissions report for the live music industry, analyzing over 80,000 events and revealing that the sector accounts for only 0.2% and 1.1% of total emissions in the U.S. and U.K., respectively, despite its vast cultural influence.
- Key Emission Sources: The report identifies fan travel as the largest contributor, accounting for 77% in the U.K. and 62% in the U.S., while food and beverage consumption contributes 16.9% and 7.6%, respectively, suggesting a shift towards plant-based menus could reduce emissions by over 40%.
- Impact of Large Events: Although fewer in number, large-format shows generate a disproportionate share of total emissions, indicating that festivals and stadium tours are powerful catalysts for innovation and scalable climate solutions in the industry.
- Collaborative Emission Reduction: The study emphasizes the need for coordinated action among industry stakeholders, policymakers, and fans to achieve long-term emission reduction goals, thereby promoting sustainability across the entire live music sector.
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Analyst Views on LYV
Wall Street analysts forecast LYV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LYV is 175.86 USD with a low forecast of 164.00 USD and a high forecast of 190.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
14 Buy
0 Hold
0 Sell
Strong Buy
Current: 147.780
Low
164.00
Averages
175.86
High
190.00
Current: 147.780
Low
164.00
Averages
175.86
High
190.00
About LYV
Live Nation Entertainment, Inc. is a live entertainment company. The Company is a producer of live music concerts. Its segments include Concerts, Ticketing and Sponsorship & Advertising. The Concerts segment principally involves the global promotion of live music events in its owned or operated venues and in rented third-party venues, the operation and management of music venues, the production of music festivals across the world, the creation of associated content and the provision of management and other services to artists. The Ticketing segment is an agency business that sells tickets for events on behalf of its clients. The Sponsorship & Advertising segment employs a sales force that creates and maintains relationships with sponsors through a combination of strategic, international, national, and local opportunities that allow businesses to reach customers through its concert, festival, venue and ticketing assets, including advertising on its Websites.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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