MEDIA & ENTERTAINMENT

Recent and archived news stories on: media companies, newspapers, television, digital media, entertainment industry, public relations firms, artist representation, agencies

Fuse Media Files for Bankruptcy, Hopes to Reduce Debt by $200M

Fuse Media Inc., a privately held television broadcasting company based in Glendale, filed for bankruptcy earlier this week in an effort to reduce its debt by some $200 million.

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Pride Media Names Interim Chief Executive Amid Coyle Departure

Pride Media, owner of iconic LGBTQ publications “Out” and the “Advocate,” on April 18 named Orlando Reece to the position of interim chief executive hours after the departure of chief executive Nathan Coyle.

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Live Nation Buys Key SoCal Venues

Live entertainment titan Live Nation Entertainment Inc. purchased the Santa Ana Observatory music hall and is finalizing a buy of the San Diego North Park Observatory, according to an April 12 press release.

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UPDATED: Writers Guild Sues Biggest Talent Agencies

The Writers Guild of America filed a lawsuit against Hollywood’s biggest talent agencies April 17 that alleges packaging fees run afoul of state law.

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Warner Bros. Expansion Plan Includes Burbank Studios, Gehry Towers

Warner Bros. Entertainment announced major expansion plans for its Burbank headquarters, which will include the acquisition of a nearby studio complex and the creation of two Frank Gehry-designed office towers.

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Alex Meruelo’s Media Company Buys KLOS-FM

Billionaire realtor, restauranteur, casino owner – and FM radio investor – Alex Meruelo’s Meruelo Group announced April 15 that it entered into agreement to purchase KLOS-FM from Cumulus Media Inc.

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Thousands of Talent Agents Fired, as Dispute With Writers Goes On

The Writer’s Guild of America fired thousands of Hollywood talent agents April 13, because the agencies did not agree to a code of conduct proposed by the screenwriter’s union.

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Deadline Approaches on WGA’s Threat to Fire Talent Agents

The Writer’s Guild of America declared April 12 that their members will fire thousands of Hollywood talent agents if the talent agencies do not agree to the writer’s code of conduct by the end of day.

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Disney Shares Surge on Streaming Launch Announcement

Shares in Walt Disney Co. surged Friday a day after the company announced the start date of its new streaming service and its future streaming plans.

Silicon Beach Report April 12: Sellbrite Acquired by GoDaddy

SpaceIL awarded $1 million Moonshot prize; Disney outlines subscription plan costs; GoDaddy scoops up Sellbrite

Airport Officials Unveil Initial Plans for Two New LAX Terminals

Los Angeles airport officials on April 4 unveiled preliminary plans for two new passenger terminals at Los Angeles International Airport.

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LAX Adds Nonstop Flights to Helsinki, Three US Cities

In the space of three days at the end of March and early April, four nonstop flights were resumed or added at Los Angeles International Airport, according to announcements from various airlines.

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Sony Sells Controlling Stake in Crackle

Sony Pictures Television sold its majority share of venerable streaming service Crackle Inc. to Chicken Soup for the Soul Entertainment Inc., according to a March 28 announcement.

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LAX Passenger Traffic Edged Up in February, Shows Slight Gain Year-to-Date

February passenger traffic at Los Angeles International Airport eked out a slight gain of 22,000, or 0.4 percent, from January to reach 6.07 million and is up 0.8 percent on the year to 12.83 million, according to figures released by the airport’s governing authority on March 27.

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TPG Capital Buys Payroll Processor Entertainment Partners

TPG Capital continued its expansion into Hollywood, announcing in a March 26 press release that it acquired Entertainment Partners, a Burbank-headquartered payroll processing company that calls itself, “the global leader in entertainment payroll.”

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