Stories by Matthew
Special Edition: LA500
Executives drive content production growth in L.A.
FINANCE: Local VCs see untapped potential
For local VC firms, focus on diversity can be a business boost.
Super League Gaming Inc. distinguished itself among esports companies – and most start-ups for that matter – by going public earlier this year, and on May 14 Super League released its inaugural earnings report.
West Lane Capital Partners, a Sawtelle-headquartered private equity company, said May 13 that it has taken a majority stake in Fantasy Files Group, a San Fernando-headquartered cosmetics company.
Network aims to offer digital content to millennials
A venerable cable television station that caters to the Latino audience is pivoting to more digital content.
Dispute drags on as Hollywood writers demand new agreement
WGA standoff with talent agents drags on.
105-year-old firm recently acquired Paladin Cine
It’s getting harder to find sound stage space to make movies and television shows in L.A. County
MEDIA: Sinclair’s $10.6B sports network bid deemed low
Disney’s sports networks sale draws complaints.
The Recording Academy, the Santa Monica-headquartered association behind the Grammy Awards, has named Deborah Dugan president, replacing Neil Portnow, effective Aug. 1.
Super League’s fate could provide insight for other gaming upstarts
Super League poised for growth but is burning through money.
Live Nation Entertainment Inc. reported a thorn in its normally rosy financial picture, reporting a net loss of $55.2 million for the first quarter of 2019.
Esports company Immortals said May 1 that it raised $30 million and acquired Gamers Club, a Brazilian-based matchmaking platform.
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.
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.
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.
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.
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.
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.
Entertainment: Plays drop after HBO documentary alleging sexual abuse
Fallout from Michael Jackson doc spreads to L.A. radiowaves.
SPECIAL REPORT: PRIVATE EQUITY
Firms take major stakes in CAA, Endeavor, UTA and push for profitability
ENTERTAINMENT: WGA dispute sheds light on model
Unions take issue with agencies’ new direction.
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.
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.”
ENTERTAINMENT: Role uncertain amid AT&T deal
AT&T Inc.’s plunge into entertainment will remold many businesses in its orbit
West Hollywood-headquartered company Songtradr Inc. announced March 21 it raised $12 million, which the company said totaled its outside funding to $21.5 million.
EVENTS: Ticketing firm touts nimbler tech, lower fee
New York City’s Tribeca Film Festival switched its ticket vendor last summer from Eventbrite Inc. to SquadUp Inc., a relatively new entrant to the ticket vending market.
BUSINESS LEADERS OF THE YEAR
Alison Ressler’s penchant for complex M&A work propelled her to top of legal profession
MEDIA: Internet publisher sees positive earnings trend
After years of declining revenue and being derided as a “content farm,” Leaf Group Ltd. returned to budding financial gains in 2018.
One of the biggest entertainment acquisitions announced last year has been abandoned.
ENTERTAINMENT: Label’s rise gives it $50B valuation
Music streaming spurs $50B valuation for Universal Music Group.
Live Nation Entertainment Inc. posted another year of double-digit revenue growth in 2018, according to the company’s annual report released Feb. 28, and laid out further growth strategies in an accompanying earnings call.
MEDIA: Streaming service cashes out in $340M deal
The website and app for Pluto TV went live on April Fools’ Day 2014, showcasing streaming television channels most people had never heard of.
The Los Angeles Times is facing an escalating labor quarrel that is a mounting obstacle to the 400-plus member Los Angeles Times Guild’s first collective bargaining agreement.
Special Report: Entertainment
Not for Los Angeles venues, which go dark to avoid competing with awards show
Special Report: Entertainment
OSCAR WINNERS COULD SEE BIG PAYDAY
SPORTS: Revenue share plan waters down profits
Will Rams’ Super Bowl run be a fiscal touchdown?
ENTERTAINMENT: Entity will handle event logistics at more than 300 venues
AEG, SMG form vast venue venture.
Anschutz Entertainment Group Inc. announced Feb. 7 that its subsidiary AEG Facilities has merged with facility operator SMG, creating a standalone, Los Angeles-headquartered ASM Global, which will manage hundreds of arena, amphitheaters, and other venues across the world.
The creative industry generated in 2017 $77.9 billion in labor income and $207.8 billion in economic output, according to a sweeping 254-page report released Feb. 1 by the Otis College of Art and Design.
SEC filing shows billionaire agrees not to meddle with board, shareholder votes
Patrick Soon-Shiong won’t take more active role at Tribune.
MEDIA: Split with Bungie prompts stock drop, lawsuits
Stormy times for Activision Blizzard after breakup with Bungie.
Billionaire sells rights to cult TV hit, taking camera co. public
Haim Saban bet on Old Hollywood with Panavision deal.
MEDIA: LA Weekly dwindles as new competition enters fray
Changes continue at LA Weekly.
Viacom Inc. threw its hat into the streaming ring Jan. 22, announcing that it had bought Los Angeles’s Pluto Inc. for $345 million.
ENTERTAINMENT: Irish officials scrutinize purchase
Bump in road for Live Nation’s global expansion plans.
Studio axes employees, ends partnership deal with Codeblack Films
Lions Gate layoffs spark speculation about movie studio’s future.
Beverly Hills-headquartered Endeavor has formed Endeavor Streaming as a platform for the company’s streaming products such as professional wrestling and ultimate fighting, the company announced in a press release Jan. 14.
MEDIA: Fiction Riot looks to make name in nascent market
Fiction Riot looks to jump into short-form video market.
Gov. Jerry Brown named Jonathan “Jay” Sures, co-president of United Talent Agency, to the University of California Board of Regents
The recently departed chairman and majority owner of a Beverly Hills investment banking and brokerage firm has been banned for life by the brokerage industry, according to a Jan. 8 regulatory filing.