MEDIA & ENTERTAINMENT

AEG Strikes Deal to Manage Buenos Aires Arena

AEG Facilities, a stand-alone division of AEG, has agreed to a multi-year deal with the Buenos Aires Arena to manage and operate the facility. The 16,000-seat arena is controlled by Argentinian media outfit, La Nación, and is set to open their doors in mid-2019.

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Digital Agency H Code Signs Deal With Peruvian Broadcasting Company

Digital advertising agency H Code Media Inc. announced June 21 it will handle U.S. advertising for Radio Programas del Peru, a 55-year-old Lima-based radio and television broadcasting company.

STYLE | Failing Forward

Martin Biallas I Special Entertainment Events Inc.

Martin Biallas, chief executive of Hollywood-based Special Entertainment Events Inc., has a strong sense of personal style.

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Fox Agrees to Disney's $71.3B Bid

The Walt Disney Co. has reached a second agreement with 21st Century Fox to purchase Fox’s movie and television assets, this time for the much higher price of $71.3 billion.

Disney Outbids Comcast With New $71.3B Offer for Fox

Burbank-based Walt Disney Co. offered $71.3 billion in cash and stock for the film and television assets of 21st Century Fox , outbidding Comcast, which placed a $65 billion all-cash bid for Fox earlier this month.

Soon-Shiong Seeks Seat on Board at Tribune; Announces Opening of Downtown L.A. Times Office

Patrick Soon-Shiong said that he will seek a seat on the Tribune Co. board now that his $500 million purchase of the Los Angeles Times and other California News Group holdings was finalized on June 18.

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Molina Venture Buys Long Beach Post

Pacific 6 Enterprises, a group headed by John Molina, has bought the Long Beach Post and added seven staff members to the online news publication, according to a June 18 announcement provided to the Business Journal.

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The Athletic to Hire Fleet of L.A. Sportswriters

The Athletic, a San Francisco-based sports journalism website, will hire seven full-time Los Angeles-based reporters effective June 18. Many of them will come from established Los Angeles publications.

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Milken Study Favorable of Expanded California Film Tax Credit Program

California has recently seen an increase in the number of motion picture industry employees, but the state government could do more to lure movie making back to the Golden State.

ICM Partners Announces Alliance with Video Game Talent Agency

Prominent talent agency ICM Partners announced June 14 a partnership with Evolved, a talent agency that focuses on representing e-sports players.

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Comcast Outbids Disney for Fox Assets With $65B Offer

Comcast Corp. has placed a $65 billion all-cash bid for the same film and television assets that 21st Century Fox had agreed to sell to Burbank-based Walt Disney Co. for about $52 billion.

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L.A. Poised to Host Games Following Winning Bid for 2026 World Cup

The day before the 2018 World Cup hosted its first match, FIFA, the International Federation of Association Football, announced that the U.S., Mexico and Canada will host the 2026 games.

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Judge Approves AT&T Bid for Time Warner

A federal judge has approved AT&T Inc.’s acquisition of Time Warner Inc., the parent company of Warner Bros. Entertainment in Burbank.

Cannabis Media Company Prohbtd Media Raises $8 Million

Prohbtd Media Inc., a cannabis media company based in Culver City, has raised $8 million in a series A funding round.

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Los Angeles Advertising Ticks Up, Study Says

Advertising targeted to consumers in the Los Angeles television market is set to tick up about 5 percent, according to projections provided by Virginia-based BIA Advisory Services.