Los Angeles Business Journal


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Abrupt Exec Exit Leaves Satellite Business at Loss

INTERNET: Global Eagle’s shares in tailspin in wake of quick departure of top brass.Shares of in-flight internet firm Global Eagle fall to Earth after a front-office shakeup.

By Garrett Reim February 24, 2017 midnight   Share

Silicon Beach Report Feb. 27: SpaceX Plans to Send Tourists Around the Moon

SpaceX plans to send tourists around the Moon, HomeHero shuts down after shift to employee model, and RealD acquires MasterImage’s assets.

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SpaceX Plans to Send Tourists Around the Moon

Space Exploration Technologies Corp. announced plans this afternoon to send two tourists around the Moon by the end of 2018.

Silicon Beach Report Feb. 24: Aerojet Rocketdyne Buys Missile Maker

Aerojet Rocketdyne buys missile maker, Snap founders tighten grip on voting power in response to one investor, and how Nasty Gal fell from $85 million in sales to bankruptcy.

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PAGE 3: Snapping to It

Evan Spiegel was in London for the Snap Inc. roadshow, offering up what one local paper called a “sleek presentation.”

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Breitburn Files for Extension on Reorganization; Judge to Rule on Bonus Pay

ENERGY: Busted Firm Seeks Break

Bankrupt Breitburn requests more time to file its reorganization plan.

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Startups Open Arcades to Play Up Virtual Reality

TECHNOLOGY: Centers aim to prove to consumers that new medium worth a look.

Virtual reality startups open arcades to test how game consumers are for the medium.

Canvassing of Art Website Yields $36 Million Deal

INTERNET: Wix’s pickup of DeviantArt almost derailed by shaky fall appointment

Israeli web development company Wix said last week that it had purchased popular West Hollywood-based online artist platform DeviantArt for $36 million, including $3 million in assumed debt.

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Toymaker Aims to Make Play for Chinese Market

MANUFACTURING: Mattel partners with Alibaba with eye on forming media tie-ins.

In a move that appears to follow in the footsteps of rival toymakers Lego Group and Hasbro Inc., El Segundo’s Mattel Inc. partnered on Feb. 14 with Chinese e-retailer Alibaba Group to develop content centered on Mattel brands for Chinese consumers.

Silicon Beach Report Feb. 23: DeviantArt Sold for $36M

DeviantArt sold for $36 million, AirMap raises $26 million in round led by Microsoft Ventures, and Disney laysoff 80 Maker Studio employees.

Los Angeles to Donate Rent-Free Space to Manufacturing Institute

The city of Los Angeles is planning to donate rent-free space to the recently launched Clean Energy Smart Manufacturing Innovation Institute.

Silicon Beach Report Feb. 22: Global Eagle Stock Plunges After CEO and CFO Resign

Global Eagle stock plunges after CEO and CFO resign, AwesomenessTV CEO Brian Robbins resigns, microfinance startup Tala raises $30 million, and more.

Global Eagle Stock Plunges After CEO and CFO Resign

Global Eagle Entertainment Inc.’s stock fell 23.9 percent to $4.48 a share on Tuesday, after the company’s chief executive officer, Dave Davis, and its chief financial officer, Tom Severson resigned abruptly the day before.

Silicon Beach Report Feb. 21: Goldman Sachs Predicts $2B in Revenue for Snap Inc. In 2018

Goldman Sachs predicts $2 billion in revenue for Snap Inc. in 2018, Breitbart editor Milo Yiannopoulos resigns after controversial statements surface, Disney demonstrates wireless charging technology, and more.

Silicon Beach Report Feb. 20: Whatsapp Updates with Snapchat-Like Vanishing Content

WhatsApp updates with Snapchat-like vanishing content, SpaceX lands its latest Falcon 9 rocket booster, media buying on Snapchat confuses advertisers, and more.