MEDIA & ENTERTAINMENT

Recent and archived news stories on: media companies, newspapers, television, digital media, entertainment industry, public relations firms, artist representation, agencies

Musk’s Boring Co. Proposes Tunnel Connecting Subway Station, Dodger Stadium

Billionaire Elon Musk’s Boring Co. on Aug. 15 released a proposal to build a 3.6-mile-long tunnel between Dodger Stadium and one of three nearby subway stations and run high-speed pods that could whisk passengers to or from the stadium in four minutes.

Swissport International to Lay Off 830 Employees at LAX

Swissport International plans to close its ground handling and transportation operations at Los Angeles International Airport and lay off about 830 people, the Zurich, Switzerland-based company said in a letter to the state’s Employment Development Department.

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City National Acquires Entertainment Software Company

City National Bank announced Aug. 13 that it acquired Exactuals, a west side-based company that provides electronic payment hub software for entertainers who collect royalty checks.

Lions Gate Invests in Faith-Based Films

Lions Gate Entertainment Corp. announced a deal Aug. 10 to have priority in distributing films produced by self-described faith-based filmmakers Andrew Erwin, John Erwin, and Kevin Downes.

Study Says California Not Getting Its Share of Big-Budget Action Films

California was the location for 10 of the 100 highest-performing U.S. feature films released theatrically last year, according to a study released Wednesday by FilmL.A.

Disney Misses Earnings Estimates

Walt Disney Co. missed Wall Street estimates on adjusted earnings and fell short on revenue for the fiscal third quarter.

UTA Sells Minority Stake to Two International Investors

United Talent Agency has sold an undisclosed minority stake in their company to two international investors, according to an Aug. 7 announcement.

Katzenberg’s WndrCo Raises $1B for Short-Form Video Platform NewTV

An entertainment holding company founded by Jeffrey Katzenberg announced Aug. 7 that it had raised $1 billion for a digital, short-form video venture, including investments from every major motion picture studio.

Dodgers Venture Arm Invests in Youth Sports Training Company Startup

The Los Angeles Dodgers announced Aug. 1 that the club’s venture arm has invested in a new youth sports training company co-founded by former Dodger Nomar Garciaparra.

Justice Department to Review 70-Year-Old Movie Consent Decrees

The U.S. Justice Department announced Aug. 2 that it will review 70-year-old consent decrees that put limits on dealings between movie distributors and movie theaters.

FAA Announces Infrastructure Grants to Local Airports

The Federal Aviation Administration on Aug. 1 and Aug. 2 announced grants for infrastructure improvements at two local airports, Los Angeles International Airport and Ontario International Airport.

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Judge Rules Against AEG Dismissal of Ozzy Osbourne Suit

Anschutz Entertainment Group Inc.’s motion to dismiss Ozzy Osbourne’s class action anti-trust lawsuit was denied Aug. 1 by Los Angeles federal judge Dale Fischer.

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Oak View Selects AECOM as Contractor for Seattle Arena

Oak View Group announced July 31 general contractors for their $660 million redevelopment of Seattle’s Key Arena including Century City-headquartered construction giant AECOM.

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Salem to Replace Music Countdown Host

Shares of Salem Media Group moved higher Monday after the company announced it will replace Jeff Steele, host of its Singing News Radio Network’s countdown show for Southern Gospel music, with radio personality Rodney Baucom.

Social Reality Sells Health Care, Digital Advertising Units for $33.5M Cash, Other Considerations

Arts District-based company Social Reality Inc. announced July 30 that it will sell its healthcare and digital advertising product line to a New York private equity firm for $33.5 million in cash plus up to $19 million in other considerations.

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