Los Angeles Business Journal


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Activision’s Destiny Makes $500 Million in First Day

The online science fiction shooter game Destiny made more than $500 million in sales on Tuesday, the first day it was released, according to Santa Monica videogame publisher Activision Blizzard Inc., which published the game in conjunction with Bungie Inc., the studio that created the Halo game for Xbox.

KCET and KLCS to Auction Off Spectrum

Burbank public television station KCET has entered into a partnership with public educational station KLCS to auction off unused spectrum and share a single over-the-air broadcast channel.

DreamWorks, Disney and Sony Hit With Class Action Suit

DreamWorks Animation, Walt Disney Co. and Sony Pictures Animation are among a handful of animation studios named in a class action lawsuit alleging they conspired to suppress the wages of visual effects workers by agreeing not to hire from each other.

Activision Blizzard Inc. Upgraded by Moody’s

Moody’s Investors Service upgraded Santa Monica videogame publisher Activision Blizzard Inc.’s credit rating from “stable” to “positive” on Monday, saying the company’s outlook had improved and that the launch of new game franchise Destiny would add to its revenue.

Fire Damages Magic Mountain Coaster

A fire broke out Monday afternoon at Six Flags Magic Mountain’s closed Colossus wooden coaster, which is set to be transformed next year into a hybrid wooden-metal coaster.

Heck Art Studios Will Premiere Indie Films on DirecTV

Heck Art Studios in Beverly Hills announced Wednesday that it had signed a five-year output agreement with El Segundo’s DirecTV to premiere films that will run exclusively on the platform weeks before their theatrical release.

Buyouts and Layoffs Loom at Warner Bros.

Warner Bros. Entertainment is looking to cut an unspecified number of staff by offering buyouts, according to media reports on Wednesday.

Deal Gives Live Nation Foothold in Philippines

Live Nation Entertainment Inc. announced a partnership on Tuesday with Music Management International Corp. that will allow the Beverly Hills company to promote concerts in the Philippines.

Disney Files Three Drone Patents

Walt Disney Co. has filed three patents to use unmanned aircraft in entertainment productions at its theme parks.

KFWB Newstalk Format Ends Early

KFWB-AM (980) is ending its newstalk format a week earlier than planned.

Clippers Deal Took Six Days of Sleepless Nights

It started with a phone call Friday night at the opening of Memorial Day weekend.

Fuhu Tops Inc. 5000

El Segundo tablet maker Fuhu earned the number one slot on the 2014 Inc. 5000, an annual list of the fastest-growing privately held companies released by Inc. Magazine.

Business Friendly Finalists Named

Ten cities in L.A. County were named as finalists for the most business-friendly city award, the Los Angeles County Economic Development Corp. made the announcement on Thursday.

Daily Journal to Remain on Nasdaq

Daily Journal Corp , the downtown Los Angeles publisher of newspapers covering the legal world, announced Wednesday it will continue to be listed on the Nasdaq.