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Matthew Blake

Stories by Matthew

High Times On Horizon?

MEDIA: Oreva Capital’s ambitions raise eyebrows

Can High Times live up to new owner’s rosy projection?

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Buyer Clear of Weinstein Suits on Asset Purchase

Lantern Capital’s $289M deal cuts pool available for misconduct payouts

BK sale leaves less money available for civil claims against Weinstein.

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More Layoffs at Weinstein Co., Bankruptcy Judge Approves Sale to Lantern

U.S. Bankruptcy Judge Mary Walrath approved on July 11 Dallas-based private equity firm Lantern Capital Partners’ $289 million purchase of the Weinstein Company Inc., freeing the Weinstein Company to dissolve.

Litigants Against Weinstein Company Okay Company Purchase Agreement

A July 6 announced purchase agreement has allayed concerns of numerous people who sued the Weinstein Co., which declared for Chapter 11 bankruptcy.

Shamrock Capital Sells Off Share of Theater Advertising Outfit

West Los Angeles private investment firm Shamrock Capital announced July 3 that it sold its share of theater advertising company Screenvision Media.

State Pays $15 Million to Relocate Two Shows to Hollywood

The California Film Commission announced July 2 that it will pay $15 million total to relocate production of two television shows to California as part of the state’s $330 million-a-year motion picture tax credit program.

Hispanic Ad Market Morphs

MEDIA: Cross-cultural marketing helps expand reach

Hispanic advertising reflects patterns of assimilation.

Does Film Credit Bill Address Diversity?

Milken Institute sees dearth of incentives for women, minority hires in law

Bill to extend tax credit passes.

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H Code Buys Digital Publication for Hispanic Women

Digital advertising exchange H Code announced June 26 that it acquired HipLatina, a digital lifestyle publication for Hispanic women that claims to reach 4 million consumers per month through its website and social media.

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Pasadena Digital Agency Opening in Singapore

Digital advertising technology provider OpenX Technologies Inc. plans to open an office in Singapore, the latest expansion for the 20-year-old, Pasadena-based company.

Publisher of the Advocate, Out selects CEO

The publisher of the Advocate and Out magazine selected Nathan Coyle as its new Chief Executive Officer.

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Digital Agency H Code Signs Deal With Peruvian Broadcasting Company

Digital advertising agency H Code Media Inc. announced June 21 it will handle U.S. advertising for Radio Programas del Peru, a 55-year-old Lima-based radio and television broadcasting company.

Times’ Premium to Pay Off?

Filing indicates profits for California group

Soon-Shiong seeks new business models for L.A. Times.

Molina Buys Long Beach Post in Challenge to Press-Telegram

Makes new hires at 11-year-old online publication, more expected

New owner for Long Beach Post.

Leiweke Live

Sports business vet sheds light on arena alliance, Oak View’s growth trajectory

Tim Leiweke sheds light on Oak View Group’s ambitions.

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Anastasia Beverly Hills Partners With TPG Capital

Anastasia Beverly Hills announced June 20 a partnership with San Francisco-based investment titan TPG Capital, the first outside investment for the cosmetic line started by Anastasia Soare.

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Soon-Shiong Seeks Seat on Board at Tribune; Announces Opening of Downtown L.A. Times Office

Patrick Soon-Shiong said that he will seek a seat on the Tribune Co. board now that his $500 million purchase of the Los Angeles Times and other California News Group holdings was finalized on June 18.

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Molina Venture Buys Long Beach Post

Pacific 6 Enterprises, a group headed by John Molina, has bought the Long Beach Post and added seven staff members to the online news publication, according to a June 18 announcement provided to the Business Journal.

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The Athletic to Hire Fleet of L.A. Sportswriters

The Athletic, a San Francisco-based sports journalism website, will hire seven full-time Los Angeles-based reporters effective June 18. Many of them will come from established Los Angeles publications.

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Weinstein Scandal Roils ‘Runway’

ENTERTAINMENT: TV crew on uncertain ground

“Project Runway” will move back to Bravo following the Weinstein scandal.

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Clippers Look to Expedite Inglewood Arena

State lawmaker proposes streamlined review process for site; move not imminent

Lawmaker seeks fast-track approval for Clippers’ Inglewood arena.

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Milken Study Favorable of Expanded California Film Tax Credit Program

California has recently seen an increase in the number of motion picture industry employees, but the state government could do more to lure movie making back to the Golden State.

Boring Company Picked to Build Tunnel to Chicago Airport

Elon Musk’s Boring Company was selected by the city of Chicago on June 14 to provide an express tunnel service between downtown Chicago and O’Hare International Airport, a milestone for the company that comes amid uncertain progress on its Los Angeles demonstration tunnel.

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ICM Partners Announces Alliance with Video Game Talent Agency

Prominent talent agency ICM Partners announced June 14 a partnership with Evolved, a talent agency that focuses on representing e-sports players.

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Los Angeles Advertising Ticks Up, Study Says

Advertising targeted to consumers in the Los Angeles television market is set to tick up about 5 percent, according to projections provided by Virginia-based BIA Advisory Services.

Marlin Snaps Up Hospitality Television, Internet Providers

Marlin Equity Partners, a Hermosa Beach-based private equity firm, announced June 11 that it has acquired two companies that provide television, internet and phone services to hotels, hospitals and other commercial buildings.

Jewish Journal Eyes Big Apple

MEDIA: Expansion would follow controversial makeover

The Jewish Journal sets its sights on expansion in New York.

H Code Inks Marketing Deal With National Hispanic Leadership Group

Santa Monica’s H Code Media announced June 6 that the Hispanic Heritage Foundation selected H Code to do digital marketing for the Washington, D.C. non-profit.

Milbank Ups Pay for Associates

Milbank Tweed Hadley & McCloy announced June 4 a $10,000 pay increase to $190,000-a-year for starting lawyers.

Digital Agency H Code Signs Deal With El Salvador Outfit

H Code Media, a digital advertising company for the U.S. Hispanic market, announced May 15 a partnership deal with La Prensa Grafica, a more than 100-year-old publishing company in El Salvador with multiple websites.

Molina Identified as Backer of New Publication in Long Beach

MEDIA: Investment appears to set up competition with Press-Telegram

John Molina’s investment firm set to back new publication in Long Beach.

STREAM DREAMS

L.A. outfits eye ads, subscriptions for live music shows

Live concert streaming venture LiveXLive and other L.A.-based outfits aim to find profits from ads, subscriptions or a combination of both.

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Roadblock for Musk’s Tunnel?

Westsiders want review; council could reconsider committee’s exemption

Elon Musk’s plans for a Westside tunnel could stall after lawsuit, city attorney advisory.

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JAKKS Pacific Sells Creepy Crawler Movie Rights to Paramount

Paramount Players acquired the rights from JAKKS Pacific to make a movie based on the venerable Creepy Crawlers toy, according to a May 30 announcement.

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Beverly Hills Security Group Taps Secret Service Executive to CEO Post

A Beverly Hills security company named a former U.S. secret service executive as its Chief Executive Officer.

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Molina’s Pacific 6 to Finance New Long Beach Publication

Long Beach millionaire John Molina’s new company, Pacific 6, will finance a Long Beach publication dedicated to local news that will directly compete with the Long Beach Press-Telegram, and employ the Press-Telegram’s three recently departed editorial employees.

ANASTASIA SOARE

Founder and Chief Executive, Anastasia Beverly Hills

No other entrepreneur was so singularly focused on eyebrows – much less made millions of dollars from them – before Anastasia Soare started out on her American dream.

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Saban Brands Plans Layoffs Following Hasbro Acquisition

Saban Brands LLC, owner of the Power Rangers and other entertainment properties, announced the layoff of 60 employees as Hasbro Inc. is set to buy the company.

UPDATED: Long Beach Press-Telegram Down to One Reporter; Departing Staff Plan New Pub

The company says it has a 'larger network' of journalists covering Long Beach

The Long Beach Press-Telegram is down to one reporter after three staff members quit May 21 to start their own Long Beach publication, the latest sign of instability at Southern California newspapers owned by Denver’s Digital First Media.

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L.A.’s Creative Economy Sees Jobs Increase, Impact on Region’s Economy Slip

Otis report finds $451 billion in economic output statewide

The creative economy, which includes entertainment and digital media, generates about $451 billion in economic output in California, according to a recent report, which found that the creative sector’s impact on the overall economic output in the Los Angeles region has slipped in recent years.

Musk’s L.A. Play

Plans for SpaceX, Boring Co. call for new role in public sphere

No. 2 Elon Musk is testing his influence on local government.

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LA Weekly Moves Downtown

LA Weekly has moved to 724 Spring St. in downtown amid questions about the newspaper’s financial future.

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Updated: Redstone Loses Voting Control Following CBS Board Meeting

Move Follows Block of CBS’s Temporary Restraining Order Against Redstone

CBS shareholders voted to strip Sumner Redstone’s voting control of the company on May 17.

Banc of California Stadium to Expand Entertainment Offerings

Banc of California stadium hired Adam Friedman to run a new entertainment division, according to a May 16 announcement by Tom Penn, president of LAFC Sports, which owns the city’s Major League Soccer team.

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CBS Suit Against Redstone Threatens ‘Nuclear Option’

Sumner Redstone’s daughter Shari Redstone said May 15 that CBS Corp. cannot legally dilute the 94-year-old’s shareholder control.

Staples Goes Dark

Unusual emptiness as Lakers, Clippers miss playoffs, Kings exit early

Arena has unusually quiet spring as misses, early exit mar post-season for local teams.

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Taxi Service Looks Up

Skyryde offers short plane rides to passengers who want to avoid congested roads

JB Adkins, founder of Skyryde Inc., was “kind of rolling my eyes” when he heard that Uber Technologies Inc. partnered with NASA to hash out a flying taxis project.

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Rogers & Cowan Buys London Fashion Marketers

Public relations firm Rogers & Cowan Inc. expanded its stake in fashion with the May 10 announcement that it has acquired ITB Worldwide, a London entertainment marketing agency with high-profile clothing companies and individual, European-based talent.

Soon-Shiong’s Purchase of LA Times Still Weeks Away

Patrick Soon-Shiong will close his purchase of the Los Angeles Times from tronc Inc. in a few weeks, said tronc CEO Justin Dearborn during a shareholder call May 9.

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Snap Names New Chief Financial Officer

Snap Inc. is changing chief financial officers from Drew Vollero to Tim Stone, a move that comes as the app company’s stock price is in sharp decline.

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