Live Nation's Sale of Theater Biz Further Sharpens Its Music Focus

This week, Live Nation sold its theater business to Key Brand, a private investment group. (Check out the Variety coverage here.) The deal divests Live Nation of virtually all of its legit theater assets, and launches Key Brand as a solid niche player in that industry. This is a great example of a strong company further focusing its business on the assets that are making money.Live Nation has