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Matthew Blake

Stories by Matthew

Film Credit Clears Committees

ENTERTAINMENT: Final bill could include incentives on diversity

A bill to extend California’s motion picture tax credit program sailed through Assembly and Senate committees last week.

Soon-Shiong to Keep Tronc Stake

MEDIA: Word comes with final deal on Times pending

The billionaire buying the L.A. Times will also keep a stake in the parent company.

E-Sports Company Immortals Partners With Mountain Dew, Expands Lions Gate Role

In what might be a sign of e-sports commercial viability, Los Angeles e-sports team Immortals announced April 17 that they will partner with Mountain Dew, and collaborate with Lions Gate Entertainment Corp.

Motion Picture Tax Credits Clear Committee Amid Concern

A bill to extend California’s motion picture tax credit program sailed through a state Assembly committee April 17, concerns were raised that Hollywood isn’t using their taxpayer money to promote filmmaking among racial minorities.

Ferro Sells Off Tronc Shares

Michael Ferro has entirely sold off his 25.5 percent stake of tronc Inc. four weeks after he stepped down as board chairman of the Chicago-based media company, which for now owns the Los Angeles Times.

Los Angeles Times Moving to El Segundo

Patrick Soon-Shiong’s first order of business as new owner of the Los Angeles Times will be moving the newspaper to El Segundo.

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Broadcast Uncertainty

Opportunity for smaller radio outfits, Spanish-language stations could be in air

IHeart’s bankruptcy could have an outsized impact on the L.A. radio market.

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State Film Credit as Fixed Cost

ENTERTAINMENT: Tax break likely from lawmakers

L.A. stands to benefit from a proposed extension of California’s film tax program.

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L.A. Times’ Union Guild Study Indicates Race, Gender Pay Gaps

Male journalists who work at the Los Angeles Times get paid more than their female non-white colleagues.

Leiweke’s New Look

AEG vet and music man Azoff bring $100M backer; partner with MSG on arena-sized challenge

Westwood-based arena builder makes play in Seattle, success in L.A. still elusive.

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Warner Bros. Executive Kroll Launches Production Company

Former Warner Bros. executive Sue Kroll announced April 4 that she started her own production company, though it is one located in Warner Bros. Burbank studio lot.

Entravision to Broadcast World Cup

Entravision Communications Corp., a Santa Monica media company focused on the Hispanic-American market, announced April 2 that its radio stations in 16 markets will broadcast this summer’s World Cup.

LA Weekly Aims to Change on Fly

HQ shift follows event cancellation amid boycott

LA Weekly will have a new office in downtown Los Angeles, new editorial staff and a new lineup of events by summer, according to its publisher.

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L.A. Weekly Abruptly Cancels Top Restaurants Event

L.A. Weekly’s "The Essentials” event was cancelled March 23, two days before the cuisine-themed soiree was set to take place at the California Market Center in downtown Los Angeles, according to the venue’s website.

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Musk’s Tesla Pay Package Wins Shareholder Approval

Elon Musk’s new Tesla Inc. compensation package received the approval of 73 percent of company voting shares, according to a March 21 Securities Exchange and Commission filing made hours after a company shareholder meeting at its Fremont headquarters.

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Leotis Joins Amblin as CFO

Amblin Partners named Christina Leotis its new chief financial officer in March 20 announcement.

Bankrupt Weinstein Company Finds Initial Buyer

One day after it filed for bankruptcy, the Weinstein Company Holdings announced in a March 20 court filing that it found an opening bidder to buy the company.

Tronc Chairman Resigns Hours Before Sexual Misconduct Report Surfaces

Michael Ferro resigned as tronc Inc. board chairman March 19, hours before a news story came out that accused him of sexual misconduct.

Stations Owned by Bankrupt iHeartMedia Dominate Los Angeles Radio Market

The March 14 Chapter 11 bankruptcy filing of iHeartMedia could have a major long-term impact on the Los Angeles radio market.

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So Cal News Group Investor Accused of Diverting, Concealing Investments

Los Angeles litigation outfit Quinn, Emanuel Urquhart & Sullivan LLP has sued Media News Group Inc., on behalf of Solus Alternative Asset Management, a New York City hedge fund that owns a 24 percent stake in the media company.

WPromote Nabs Shamrock Capital Investment

Shamrock Capital, a Los Angeles-based private equity firm, announced March 13 that it has invested in El Segundo digital marketing company WPromote. Terms of the deal were not disclosed.