LA BUSINESS JOURNAL DAILY NEWS

Spotify, Universal Music Agreement Offers Album First Dibs to Subscribers

Music streaming service Spotify and Universal Music Group announced a multiyear global license agreement Tuesday that will allow Universal artists the option to release new albums to premium subscribers for two weeks before public distribution.

Tronc Shares Climb as It Pushes Back at Soon-Shiong

Shares of tronc Inc., parent of the Los Angeles Times, jumped 4.6 percent on Monday after the company pushed back against claims of unfair treatment by Patrick Soon-Shiong, its second-largest shareholder.

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Japanese Company Acquires Velvet by Graham & Spencer Owner

A Japanese retail company announced today that it had agreed to acquire upscale Culver City clothing brand Velvet. Terms of the deal were not disclosed.

Silicon Beach Report April 3: SpaceX Plans ‘Silly Payload’ on First Falcon Heavy Launch in Late Summer

SpaceX plans ‘silly payload’ on first Falcon Heavy launch in late summer, Snapchat adds Instagram layout as April Fools’ joke, and Wpromote acquires Prime Visibility.

Miami Marlins’ Ichiro Suzuki Sells L.A. Penthouse to ESports Entrepreneur for $2.45 Million

Miami Marlins outfielder Ichiro Suzuki has sold his downtown Los Angeles penthouse to eSports pioneer Alexander Garfield for $2.45 million.

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Silicon Beach Report March 31: Snapchat Launches Stories Search

Snapchat launches stories search, Paramount launches ‘Ghost in the Shell’ VR experience, and SpaceX considering upper stage recovery of Falcon Heavy rocket.

Movers for Week Ending March 31, 2017

Arts District online advertising platform Social Reality was the week’s big gainer, shooting up 14.5 percent to close at $2.29. Motorcar Parts of America Inc. also put up big numbers, gaining 9.7 percent to close at $30.73. The week’s biggest laggard was Ritter Pharmaceuticals Inc. of Beverly Hills, which fell 21.5 percent to close at $1.42.

Silicon Beach Report March 30: Fandango Relocates Staff to L.A. Office

Fandango relocates staff to L.A. office, SpaceX nails world’s first launch, landing of reused rocket, Snap pitches self-serve geofilters to small businesses, and more.

SpaceX Nails World’s First Launch, Landing of Reused Rocket

SpaceX landed a used Falcon 9 first-stage rocket on a water barge in the Atlantic Ocean on Thursday — the world’s first flight and landing of a previously launched orbital-class rocket.

Soxhub Gets Investment from Donnelley Financial in New Partnership

Soxhub Inc. said this week it had received a minority investment from Donnelley Financial Solutions Inc. as part of a partnership between the two companies.

PricewaterhouseCoopers Still Invited to Oscars - Sans Cellphones

Following the high-profile, tweet-related flub at last month’s Oscars that led award presenters to announce the wrong Best Picture winner, the Academy of Motion Picture Arts and Sciences has decided to retain PricewaterhouseCoopers for its accounting and Oscar balloting business. But no cell phones will be allowed backstage.

State Leaders Unveil Transportation Package with Hikes in Diesel, Gas Taxes

Gov. Jerry Brown and legislative leaders on Wednesday unveiled a $5 billion-a- year plan for road and highway projects, to be funded chiefly by steep hikes in taxes for diesel fuel and gasoline, and a new tax on vehicle registrations.

Silicon Beach Report March 29: Santa Monica’s DogVacay Purchased by Rival Rover.com

Santa Monica’s DogVacay Purchased by Rival Rover.com, Science Inc. begins raising $60 million fund, and test firing readies SpaceX rocket for relaunch Thursday.

Santa Monica’s DogVacay Purchased by Rival Rover.com

Santa Monica pet-sitting app-maker DogVacay was purchased Tuesday by Rover.com for an undisclosed sum, according to the companies.

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Battery Distributor Industrial PowerSource Acquired by Crown Battery

Industrial PowerSource Inc., a distributor and servicer of industrial batteries has been acquired by Crown Battery Manufacturing Co. for an undisclosed amount.

George Lucas Donates $10 Million to USC Film School for Diversity Effort

Filmmaker George Lucas has doubled his support for student diversity at USC’s School of Cinematic Arts with another $10 million endowment. The gift from the George Lucas Family Foundation raises the foundation’s student diversity support effort to $20 million.

Silicon Beach Report March 28: Rubicon Sued by Publishing Customer The Guardian

Rubicon sued by publishing customer The Guardian, Tinder plans to launch website version, and Facebook clones Snapchat stories and then puts feature atop newsfeed, and more.

Port of Long Beach to Hand Out $46 Million in Health Grants

The Port of Long Beach plans to give out $46 million in grants to community organizations to develop health programs in areas most affected by port-related pollution in the San Pedro Bay.

Midcourse Hospitality Group Shuffles Its Restaurant Portfolio

When one restaurant door closes, another opens. So it goes for local operator Midcourse Hospitality Group, which closed three of its eight L.A. restaurants this month.

Hudson Pacific Properties Sells Office Building, Land for $35 million

Hudson Pacific Properties Inc. has sold an office building and an adjacent 1.2-acre plot of land in Santa Monica for $35 million to Santa Monica-based solar power provider Cypress Creek Renewables. The deal closed March 21 and was announced this week.