Stories by Matthew
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.
Deal with Boomplay gives record label access to No. 1 music app on continent
Universal enters African music streaming market with Boomplay deal.
Century City-based Fox Sports, a subsidiary of 21st Century Fox Inc., announced Nov. 15 that it signed a contract with Major League Baseball
The “New Fox” has doubled down on Major League Baseball coverage.
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.
Fastest-Growing Private Companies 2018
Blaze Pizza reigns with King James
MEDIA: Regional networks must go as part of Fox deal
Disney to sell off Fox’s regional cable sports networks.
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.
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.
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.
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.
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?
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 Group announced a new company division Oct. 31 that aims to pair property owners with businesses that need office space for a short time.
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.
MEDIA: 24-hour channel to aim for underserved areas
Spectrum is launching a new 24-hour cable news channel.
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.
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.
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.
Prominent architecture firm Jerde Partnerships Inc. announced a leadership shake-up Oct. 22, naming Paul Martinkovic chief executive and moving current top executive John Simones to the position of board chairman.
City councilmember comes aboard as facilities operator awaits hockey vote
Oakview taps City Council for talent.
ENTERTAINMENT: Some claim labels short on royalties
Streaming revenues are big enough for artists, labels to fight over.
Los Angeles digital radio platform Dash Radio Inc. has raised $4.9 million in equity securities, according to an Oct. 18 Securities and Exchange Commission filing.
David Korins, the designer of Broadway hit “Hamilton” will be the USC Shoah Foundation’s creative director on several of the foundation projects and exhibits, Korins said in an interview Oct. 17.
Deals for studio space highlight robust demand, constraints
Recent real estate deals by Netflix highlight hot market, constrained outlook on studio space.
Ronald Reagan, the 40th president of the United States, will be the first president to have his own hologram, according to an Oct. 10 announcement of the Ronald Reagan Presidential Foundation and Library.
United Talent Agency announced Oct. 10 a joint venture with content creator Valence Media Group called Civic Center Media that will produce original and movies and TV shows.
Art dealer explores digital currencies as payment method for works
House of Fine Art pushes cryptocurrency for gallery purchases.
ENTERTAINMENT: Buys into end-to-end Hollywood play
Haim Saban’s latest deal sets up camera-maker Panavision as an end-to-end player.
Picture Head, a Hollywood-based post-production shop, announced recently a private equity investment from Trive Capital, a Dallas private equity group, and Five Crowns Capital, a Newport Beach private equity outfit.
Robert Schwartz, who defends some of the world’s largest media and entertainment companies and personalities in litigation, has joined Quinn Emanuel Urquhart & Sullivan, departing from Irell & Manella.
Motion picture post-production company Deluxe Entertainment Services Group Inc. is consolidating locations and opening a new office in Hollywood.
A lawsuit alleges that Ticketmaster partakes in unfair business practices by encouraging scalpers to buy tickets in bulk, and then resell those tickets, a practice that enables Ticketmaster to collect a fee on the original sale plus the resale of the ticket.
The company behind High Times magazine announced Sept. 26 that it bought Dope Media, a Seattle-based cannabis lifestyle magazine.
Gary Scott is leaving as program director of KCRW 89.9 FM after six years as editorial head of the Santa Monica-based public radio station.
A Beverly Hills attorney filed a class action lawsuit in New York federal court on Sept. 25 alleging that Sony Music Entertainment Inc. underreports streaming revenues in international markets by giving money to subsidiaries that legally should go to the artist.
Media: Media group buys music news site Amplify
Long Beach entertainment news website Amplify Media sells to Billboard Music Group.
Company referred to British regulatory authority as it consolidates market share
Live Nation faces more scrutiny in the U.K.
Telemundo Network’s KVEA (Channel 52) was the highest rated local news and prime time network in the 10 p.m. slot in the Los Angeles market for the prior broadcast season, the first time a Spanish language network was No. 1, according to Telemundo.
Billboard Music Group has acquired Amplify Media Inc., a live entertainment news website with offices in Long Beach, according to a Sept. 20 announcement by Billboard.
A judge denied Sept. 18 LA Weekly publisher Brian Calle’s attempt to take out of the public record a lawsuit that LA Weekly co-owner David Welch filed against Calle and other LA Weekly investors.
PacWest Bancorp, a Beverly Hills bank holding company, acquired El Dorado Savings Bank in a deal valued at $466.7 million, according to a press release.
Josh Roth, who founded United Talent Agency’s Fine Arts Department, passed away at 40 years old, according to a company announcement Sept. 17.
Los Angeles County is adding jobs in digital media and entertainment at a faster rate than New York City or nationally, according to a report released Sept. 17 by Beacon Economics, a Los Angeles research and consulting firm.
FINANCE: BH firm’s appeal of FINRA ruling pending
Regulatory agencies put NMS Capital Advisors’ chair under the microscope.
On-stage illusions afford new sort of second act for late crooners
Deceased performers live again as holograms and as a new revenue source for local companies.
Downtown-based Anschutz Entertainment Group Inc. announced Sept. 10 the promotion of Gary Gersh to president of global touring. AEG also revamped its management structure to create a global touring division.
UCLA is the top public university in the country and tied for 19th overall among public universities, according to the U.S. News and World Report’s latest annual ranking of undergraduate programs released Sept. 10.
Westwood-based investment firm Shamrock Capital announced Sept. 10 that its led a $30 million investment round on behalf of an Israeli company that provides unmanned cameras for sporting events.
It appears embattled LA Weekly publisher and part-owner Brian Calle has set his sights on creating a new publication – the Irvine Weekly.