LA BUSINESS JOURNAL DAILY NEWS
Digital Radio Station Dash Raises $4.9 Million
Los Angeles digital radio platform Dash Radio Inc. has raised $4.9 million in equity securities, according to an Oct. 18 Securities and Exchange Commission filing.
Silicon Beach Report Oct. 18: Activision’s Record-Breaking $500M Opening
Activision’s new game has a $500-million opening; Ticketmaster acquires blockchain startup; Bird’s new service could bypass city regulations.
Tastemade Raises $35 Million in Latest Funding Round
Tastemade, a Santa Monica-based digital video company raised $35 million in a Series E round, the company announced Oct. 17.
Report: L.A. City Economy Boomed in 2017
The Los Angeles city economy boomed last year, registering more than 2 percent job growth over the previous year, a 25 percent jump in the valuation of building permits and a 7.5 percent increase in business gross receipts taxes, according to a report released Oct. 17 from Beacon Economics.
SCE Fined $8M for Alleged Safety Violations Uncovered After Fallen Powerline Incident
State regulators announced Oct. 16 that they have fined Southern California Edison $8 million for alleged safety violations uncovered after a 2015 fallen powerline incident in the Mojave Desert community Twentynine Palms.
'Hamilton' Designer to Direct Projects for USC Shoah Foundation
David Korins, the designer of Broadway hit “Hamilton” will be the USC Shoah Foundation’s creative director on several of the foundation projects and exhibits, Korins said in an interview Oct. 17.
Silicon Beach Report Oct. 17: Riot Games Under Fire
Edlio gets investment for school communications; Riot Games accused of gender bias; Jukin Media proves old content doesn’t expire
UCLA to Lead $3.7M Study on Patient-Centered Research in L.A.
UCLA will lead a study conducted by four Los Angeles health care systems on how to improve patient-centered care thanks to a $3.7 million federal grant.
Silicon Beach Report Oct. 16: Netflix Adds 7 Million Users
J2 Global announces five acquisitions; Snap Inc. ad costs drop; Netflix totals 130 million subscribers
CIM Buys Historic Desmond Office and Retail Building in L.A.’s Miracle Mile District
Mid-Wilshire-based CIM Group Inc. acquired The Desmond, an 11-story, art deco office and retail building originally built in the late 1920s in the heart of the Los Angeles’ Miracle Mile district.
Transom Capital Group Buys Gene Juarez Salons & Spas
Los Angeles-based private equity firm Transom Capital Group has acquired Gene Juarez Salons & Spas, a Seattle fashion and beauty brand, from private equity firm Evergreen Pacific Partners.
National Academy of Medicine Taps UCLA Neurosurgeon
Dr. Linda Liau, an internationally renowned neurosurgeon-scientist at UCLA, has been elected to the National Academy of Medicine.
Women’s Health Medical Device Maker Flex Co. Acquires Keela, Raises $3.6M
The Flex Co., a Venice-based medical device firm specializing in women’s health, announced Oct. 16 it had raised $3.6 million from investors while acquiring Keela, the designer of a menstrual cup.
Shamrock Buys Catalog of Pop Hit Makers Stargate
Westwood-based investment firm Shamrock Capital announced Oct. 16 that it has acquired the song writing and production catalog of Stargate, a duo that has worked for years with Rihanna, and also penned hits for Beyonce and Katy Perry.
City of Hope President Elected to National Academy of Medicine
Dr. Michael A. Caligiuri, president of City of Hope National Medical Center, has been elected to the National Academy of Medicine.
Silicon Beach Report Oct. 15: $54 Million for Cloud9, New E-sports Arena Planned
Wavemaker names new executive in residence; Snapchat releases filters for your cat’s face; Cloud9 Esports raises $54 million
Universal Music Group Links with Mixcloud
Santa Monica–headquartered Universal Music Group Inc. signed a deal with British digital audio streaming firm Mixcloud on Oct. 15, ensuring that UMG artists will be compensated for the use of their music on Mixcloud’s platform.
San Pedro Ports Set Month and Fiscal Year Records
The Port of Long Beach set a new fiscal year record in container movement and the Port of Los Angeles recorded its best September in history, the ports recently announced.
Cloud9 Plans New Esports Facility
Santa Monica e-sports organization Cloud9 Esports Inc. has raised a $53.6 million Series B round finalized Oct. 15.
Spark Networks to Pay Fine, Refunds for Automatic Credit Card Renewals
Billing transparency required for Spark dating sites including Jdate and Christian Mingle
Spark Networks USA Inc., the parent company of niche dating sites Christian Mingle and Jdate, has agreed to pay a $500,000 fine and refund nearly $1 million to settle charges from the Santa Monica City Attorney's Office of automatically renewing credit card charges for subscriptions without customers’ consent.