January 25, 2008

Live Nation Completes the Divestiture of Its North American Theatrical Business

Live Nation, the world's largest live music company, announced it has completed the divestiture of substantially all of the remainder of its North American theatrical business to Key Brand Entertainment, further focusing the company on its core music operations. The company will use the net proceeds from the sale to repay borrowings under its revolving credit facility and to invest in its core music business. (PR)