Los Angeles Business Journal


Recent and archived news stories on: Airports, Cruises, Entertainment, Hotels, Gaming, Restaurants, Sports, Sightseeing, Theme Parks...

Disney Chief Accepts Contract Extension

Walt Disney Co. Chief Executive Robert Iger accepted on Thursday a two-year contract extension through June 2018.

SoftBank Invests $250 Million in Legendary

Tokyo telecom giant SoftBank Corp. will invest $250 million in Burbank’s Legendary Entertainment in a deal that values the studio at roughly $3 billion, according to a report.

Hotels to Fight L.A. Minimum Wage Ordinance

The hotel industry is making good on its promise to fight the new Los Angeles minimum wage ordinance for workers at large hotels.

CBS Radio Shakes Up KNX and KRTH

CBS Radio has cut a program director and several on-air hosts at news station KNX-AM (1070) and oldies station KRTH-FM (101.1) as it seeks to improve ratings.

LAX On Course for Record Pace

Passenger counts at Los Angeles International Airport continued to climb last month, and the airport remains on pace to break its passenger traffic record, according to figures released Monday.

Judge Dismisses McRO Suits Against Activision, Disney, Warner Bros.

Activision Publishing, a unit of videogame publisher Activision Blizzard Inc. in Santa Monica, has defeated an infringement suit involving two patents for lip synchronization of animated characters.

Marvel Settles Superheroes Lawsuit

The family of comic book artist Jack Kirby and Marvel Entertainment said Friday they have settled a lawsuit over ownership rights to some of Hollywood’s most popular superheroes, including the Incredible Hulk and Spider-Man.

DirecTV Shareholders Approve AT&T Takeover

DirecTV shareholders on Thursday signed off on AT&T’s $48.5 billion acquisition offer, DirecTV announced Thursday.

Cinedigm Sells Hollywood Software to Founder’s Investor Group

Los Angeles content distributor Cinedigm Corp. is selling back its Hollywood Software unit to an investor group led by David Gajda, one of the software company’s founders. Financial terms of the all-cash deal were not disclosed.

Council Passes Hotel Wage Hike

Over strenuous objections from business groups, the Los Angeles City Council on Wednesday voted to hike the minimum wage for workers at large nonunion hotels to $15.37 an hour.

Poll: Did you ever read the print edition of the Los Angeles Register?

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.

InterContinental Will Operate New Wilshire Grand Hotel

British hospitality company InterContinental Hotels Group announced Tuesday that it would operate the hotel atop the $1.1 billion Wilshire Grand project in downtown Los Angeles.

MGM Buys Production Companies, Plans Christian Network

Beverly Hills’ Metro-Goldwyn-Mayer Studios announced on Monday it has acquired a 55 percent interest in One Three Media and LightWorkers Media, the production companies behind “Survivor” and History Channel miniseries “The Bible,” respectively.

Warner Bros. to Restructure Labor Office

Warner Bros. Entertainment announced on Monday a restructuring of the office handling the studio’s relations with trade unions and guilds.

Gov. Signs Film Tax Credit Bill

Gov. Jerry Brown on Thursday signed a bill to more than triple funding for California's film and TV tax-credit program.