Los Angeles Business Journal


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‘Baywatch’ Eyes Splash in China

TV: Producer looks to revive lifeguards for hungry market.Producer looks to ride wave of Chinese interest in Hollywood with remake of “Baywatch.”

By SANDRO MONETTI December 15, 2014 midnight   Share

Sony Cancels Release of ‘The Interview’ After Hacker Threats

Sony Pictures officially decided on Wednesday not to release the film “The Interview” in theaters on Christmas Day, the Culver City studio said in a statement.

Hotel Industry Sues L.A. over Minimum Wage Law

Hotel industry groups on Tuesday sued the city of Los Angeles in federal court over the city’s enactment of a minimum wage ordinance requiring large non-union hotels to pay their workers $15.37 an hour.

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Ace in the Hole? Downtown Hotel Listed for Sale

Less than a year after opening its doors, the Ace Hotel Los Angeles in downtown L.A.’s Broadway Theater District is on the market.

Game Version Takes ‘Sons of Anarchy’ Mobile

A mobile game based on hit TV biker drama “Sons of Anarchy” is in revving up for release.

DreamWorks to Launch TV Channels in 19 Asian Countries

DreamWorks Animation Inc. plans to launch a TV channel in 19 Asian countries next year, the Glendale studio announced.

Could Carson be Home of NFL Stadium?

The Los Angeles area already has three potential sites for an NFL football stadium. But now, there appears to be a fourth.

Robb Report, the Rich Man’s Bible, Acquired by Detroit Firm

Detroit private equity firm Rockbridge Growth Equity announced on Wednesday that it has acquired Malibu’s Robb Report, the luxury lifestyle magazine that serves as a consumer bible for the uber-rich.

Warner Bros. to Lay Off 152 Employees

Warner Bros. Entertainment will lay off 152 employees in January as part of previously announced cutbacks amid pressure by parent Time Warner Inc. to reduce expenses.

Lions Gate Rises on News of Wanda Talks

Chinese conglomerate Dalian Wanda Group Co., one of the biggest theater owners in the United States, is in talks to acquire a stake in Santa Monica independent studio Lions Gate Entertainment Corp., Wang Jianlin, the Beijing company’s chairman said. Shares of Lions Gate rose 3 percent on the news.

DreamWorks Plunges After 'Penguins' Disappoints

Shares in DreamWorks Animation Inc. fell more than 5 percent on Monday, reflecting the weak box office results for “Penguins of Madagascar ” – which could become the latest bomb for the struggling studio unless ticket sales pick up.

More Cargo, Passengers at LAX

Los Angeles International Airport continued its growth streak last month, reporting solid gains in both passengers and cargo over October 2013, according to figures released Wednesday.

Poll: Have you gambled at any of the Los Angeles County card clubs?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column of our home page.

Disney Expands Partnership with Shanghai Media Group

Walt Disney Co. has expanded its partnership with Shanghai Media Group to create content for the Chinese market, the company announced Friday.

Activision Settles Shareholder Suit, Pays Itself $275 Million

Santa Monica’s Activision Blizzard Inc. has agreed to a $275 million settlement to end a shareholder lawsuit stemming from an $8 billion deal last year in which the company and an investor group regained majority control from French conglomerate Vivendi SA.

Warner Bros., WWE Strike Distribution Deal

Warner Bros. Home Entertainment announced on Wednesday a partnership to distribute programming from World Wrestling Entertainment Inc. starting next year.