Los Angeles Business Journal

LA TRAVEL LEISURE

Recent and archived news stories on: Airports, Cruises, Entertainment, Hotels, Gaming, Restaurants, Sports, Sightseeing, Theme Parks...
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L.A. Times’ Parent, tronc, Posted Profit in 2016, But Digital Efforts Lagged

MEDIA: Positive News for Paper?

Los Angeles Times’ parent, tronc, saw a profit last year but its digital efforts have yet to click.

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Owners Look to Sell Print Publications as Ad Revenue Dwindles

Paper Pushers

Declining ad revenue has forced some local publications to print up for-sale signs.

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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.

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.

DeviantArt Sold to Israeli Web Developer for $36 Million

Israeli web development company Wix announced Thursday the purchase the of popular West Hollywood-based online artist platform DeviantArt for $36 million, including $3 million in assumed debt.

Magic Johnson Named Lakers’ President of Basketball Operations

Earvin “Magic” Johnson has been named president of basketball operations for the Los Angeles Lakers, according to a Tuesday announcement from the team’s president and co-owner, Jeanie Buss.

Paramount Pictures Chairman Brad Grey Expected to Step Down

Paramount Pictures Chairman and Chief Executive Brad Grey is apparently on his way out after 12 years at the helm of the financially troubled studio.

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Distinctive Assets’ ‘Swag Bags’ Offer Shot at Oscar Glamour

Giving To Get

Gift baskets for Oscar participants offer businesses a package deal to promote items and services.

State Allocates $100 Million in Film Tax Credits to 22 Film Projects

The California Film Commission on Monday announced it was allocating another $100 million in film tax credits to 22 film productions, including a remake of “A Star Is Born,” and an untitled big-budget film from Paramount Pictures.

Snap Announces Deal with A&E to Develop First Original Snapchat Show

Snap Inc. and A&E Networks jointly announced a content production partnership Friday that will include the development of the first original unscripted content on Snapchat.

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Talent Agency Aims To Make Some News

ICM Partners takes step back into journalism business with pickup of Headline Media Management.

ICM Partners looks to re-establish its talent for representation in broadcast journalism.

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Plan to Shutter Santa Monica Airport has Businesses’ Fate Up in Air

Set for Take-Off?

Plan to close Santa Monica Airport has some businesses there looking to land a new home.

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Musician Calls for Historic Decision on Mansion

REAL ESTATE: Taylor Swift likely to boost cachet but not price of ‘landmark’ home.

Singer Taylor Swift moves to tune up her Beverly Hills mansion with landmark status.

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Ad Tech Firm Buys in to Sealing Deals for Clients

INVESTMENT: Centerfield expands service in sales with Qology Direct acquisition.

Ad tech firm Centerfield lands $156 million to help step into consumer sales side of scene.