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Matthew Blake

Stories by Matthew

Viacom Buys Pluto TV, Entering Streaming Derby

Viacom Inc. threw its hat into the streaming ring Jan. 22, announcing that it had bought Los Angeles’s Pluto Inc. for $345 million.

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Live Nation Deal Probed

ENTERTAINMENT: Irish officials scrutinize purchase

Bump in road for Live Nation’s global expansion plans.

Lions Gate Cuts Jobs, Production Co. Deal

Studio axes employees, ends partnership deal with Codeblack Films

Lions Gate layoffs spark speculation about movie studio’s future.

Endeavor Joins Streaming Fray

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.

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Long Road for Short Videos

MEDIA: Fiction Riot looks to make name in nascent market

Fiction Riot looks to jump into short-form video market.

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UTA EXEC Named to UC Regenys

Gov. Jerry Brown named Jonathan “Jay” Sures, co-president of United Talent Agency, to the University of California Board of Regents

UPDATED: Broker Faces Lifetime Ban

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.

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Showtime Announces West Coast Headquarters in West Hollywood

Showtime Networks Inc. announced Jan. 9 a new West Coast headquarters at The Lot Studios in West Hollywood.

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UPDATED: MedMen Sued by Shareholders

Shareholders that own a stake in MedMen Enterprises Inc. filed a lawsuit against the company in Los Angeles County Superior Court Jan. 8, alleging a breach of fiduciary duty.

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Century City PR Firm Lieberman Research Worldwide Purchases Killer Infographics

Lieberman Research Worldwide Inc., a Century City public relations firm, has acquired Killer Infographics, a Seattle marketing company focused on graphic and visual art, according to a Jan. 8 press release.

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Santa Monica E-sports Company Files $25 Million IPO

Super League Gaming Inc., a Santa Monica company that organizes amateur e-sports competitions, filed a $25 million initial public offering with the Securities and Exchange Commission Jan. 4.

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Brown Appoints UTA Co-President Jay Sures to UC Regents

Gov. Jerry Brown named Jonathan “Jay” Sures, United Talent Agency’s current co-president, to the UC Board of Regents Jan. 4, a move that comes 48 hours before Brown ends his gubernatorial term.

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Print Pubs Can Pot Ads

MEDIA: Most papers shy away from cannabis dollars

Stigma, legal concerns keep many publications away from pot ad sales.

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AEG Convention Center Development Greenlit

Firm could also recoup up to $167 million from city as part of deal

AEG convention center expansion gets ok.

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Activision Appoints New CFO After Previous Executive Joins Netflix

Activision Blizzard Inc. announced a new chief financial officer on Jan. 2 two days after it fired the old chief financial officer.

Celerity Chief Executive Pleads Guilty to Conspiracy Charge

The former chief executive of Celerity Educational Group pleaded guilty Dec. 21 to a federal conspiracy charge nine months after federal agents raided the charter school network’s Koreatown office, according to a press release from the U.S. Attorney’s Office for California’s Central District.

Tax Credit Buzz

Local studios cash in on film incentive program

Traditional studios reeling in film tax credits.

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Maverick Carter Named to Live Nation Board of Directors

Live Nation Entertainment Inc. named Maverick Carter, business manager of National Basketball Association superstar LeBron James, to the company’s board of directors, according to a Dec. 20 press release.

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Public Relations Firm Acceleration Announces Leadership Team

Michael Nyman, the former chief executive of public relations firm PMK-BNC Inc., announced Dec. 19 part of the leadership team for his new media relations outfit, Acceleration Community of Companies.

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Oak View’s Seattle Hockey Project Greenlit by NHL

$600 million Key Arena revamp ahead for Westwood facilities developer/operator

Oak View scores win with approval for Seattle NHL arena project.

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L.A.’s print media scene saw upheaval, rejuvenation in 2018

Year of upheaval for L.A. media

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Station Owners Face Biz Woes

Media: iHeart, Entercom struggle; local stations ok

Owners of L.A.’s most-listened-to radio stations on shaky financial ground.

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Dodgers Exec Joins LA Sports Council

The Los Angeles Sports Council has named longtime Los Angeles Dodgers executive David Siegel president of the organization

LA Sports Council Taps Dodgers Exec as New President

The Los Angeles Sports Council has named longtime Los Angeles Dodgers executive David Siegel president of the organization, according to an announcement Nov. 30.

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New Insights on Streaming

Media: TV Time to provide data on Netflix, others

TV Time helps users binge more efficiently.

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Disney’s Deal for Fox Barrels Toward Close

DOJ signs off despite antitrust groups’ concerns over competition in market

Fairy tale ending may come sooner than expected for Disney’s Fox deal.

Boring Company Drops West Side Tunnel Plan, Settles Lawsuit

Elon Musk’s Boring Co. will no longer seek to build a 2.8-mile Sepulveda test tunnel, the company announced in a Nov. 27 statement.

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Training Wheels: Talespin Uses VR to Help Companies Train Employees

Innovation Special Report

Talespin is bringing virtual reality to the workplace.

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Many Happy Returns: Company Makes Sending Back an E-commerce Purchase Simple

Innovation Special Report

Happy Returns Inc.’s name describes exactly what it set out to do: make e-commerce returns more pleasant for customers and retailers alike.

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Second Sight: Second Spectrum Gives Live Insights to NBA Fans

Innovation Special Report

Downtown-based Second Spectrum Inc. is tracking all the National Basketball Association action down to the microsecond.

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Digital Domain: GoDigital Media Tracks Where Web Content Used

Innovation Special Report

GoDigital Media Group’s software allows artists, from YouTube content creators to prominent musicians and film studios, to track whenever their work is used and get paid for those uses.

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Rams/Chiefs a Biz Boon?

SPORTS: Economists say L.A. move no game-changer

Monday night’s National Football League matchup between the Los Angeles Rams and the Kansas City Chiefs was expected to generate tens of millions of dollars for Mexico City’s economy.

Fox Sports Inks MLB Deal to 2028

Century City-based Fox Sports, a subsidiary of 21st Century Fox Inc., announced Nov. 15 that it signed a contract with Major League Baseball

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Universal Music Makes Africa Streaming Play

Deal with Boomplay gives record label access to No. 1 music app on continent

Universal enters African music streaming market with Boomplay deal.

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Fox Sports Extends Relationship With MLB Until 2028

The “New Fox” has doubled down on Major League Baseball coverage.

Legendary Marvel Comics Creator Stan Lee Dies at 95

Massively impactful writer, editor, film executive, producer and publisher Stan Lee died at the age of 95 Nov. 12, at Cedars-Sinai Medical Center in Beverly Grove, according to multiple reports.

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Disney Readies For Sports Sale

MEDIA: Regional networks must go as part of Fox deal

Disney to sell off Fox’s regional cable sports networks.

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Blazing Trail: Fast-Casual Restaurant Chain Blaze Pizza Continues Quick Rise

Fastest-Growing Private Companies 2018

Blaze Pizza reigns with King James

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TMG Sells Pomona Apartment for More Than $10 Million

The Mogharebi Group announced Nov. 8 that it brokered the sale of Pomona’s Twin Palm Apartments for $10.4 million to W Mission Blvd Multi LLC, a company that incorporated in Manhattan Beach in August.

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Live Nation Announced Record Earnings in Third Quarter

Live Nation Entertainment Inc. announced that its 2018 third quarter was “the best quarter ever,” posting a record $3.8 billion in quarterly revenue, 11 percent higher than the 2017 third quarter.

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Report: Film Tax Credits Propelled Economic Increase

Study finds $357M in tax credits led to $2.6B in spending, $980M in wages

California’s motion picture tax credits – and the economic boost that they are credited for providing – have gone up each year since the program expanded in 2015, as the state competes with ramped up programs in Georgia and New York.

Soon-Shiong Proposes TV Channel for Times

Newspaper’s new owner envisions network, alliance with other media cos.

Los Angeles Times owner Patrick Soon-Shiong mentioned ambitious plans for the Times in a recent, little-noticed speech.

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WndrCo Investments Range Wide

MEDIA: Katzenberg’s short- format video play digs in

What does a restaurant-recommendation service, a long-form audio streamer located in the United Kingdom and a virtual private-network app have in common?

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Ad Analytics Start-Up EDO Raises $12 Million

Culver City company was founded by Kenso Tech’s Daniel Nadler and actor Edward Norton

Entertainment Data Oracle Inc., or EDO, a company that uses data collection and analysis to measure the effectiveness of TV ads, announced Nov. 1 that it raised $12 million in its first round of outside investment.

CBRE Launches Hana Division Focused on Short-Term Office Space Market

CBRE Group announced a new company division Oct. 31 that aims to pair property owners with businesses that need office space for a short time.

Beverly Hills Sports Agency Expands Into Sponsorship Deals, Naming Rights

Sports agency Independent Sports & Entertainment announced Oct. 30 that it will expand into property sales, hiring a former Cox Media Group executive to head up the division.

Spectrum News Starts Nov. 16

MEDIA: 24-hour channel to aim for underserved areas

Spectrum is launching a new 24-hour cable news channel.

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UCLA Buys Landmark Crest Theater in Westwood

Space will reopen as Nimoy Theater

UCLA announced Oct. 25 that they acquired for $5.9 million the 78-year-old landmark Crest Theater in Westwood, which the university stated they will make into an off-campus performing arts space.

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Katzenberg, Whitman Short-Form Video Platform Announces Headquarters

Quibi, the short-form video platform financed by Jeffrey Katzenberg and headed by Meg Whitman, will lease 49,000 square feet in Hollywood for its station headquarters, according to an Oct. 24 press release.

Drake to Co-Own Culver City E-sports Company

100 Thieves, a two-year-old Culver City company with a number of teams in e-sports leagues, announced Oct. 23 it has raised $25 million to date, and that it will now be co-owned by rap star Drake and music producer Scooter Braun.

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