Suggestions for our new INDISPENSABLES project at the Business Journal are rolling in and we are excited to get to know them all.
We have extended our deadline for entries to Friday, June 12.
This will ensure we have as much time as we can to fill out our own list of candidates and allow the region’s business leaders to offer up their own suggestions.
Getting to that suggestion form is easy: just click here.
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A trio of Angelenos have made some big investments this past month.
Two of these investments come from the umbrella of Beverly Hills-based WME Group – Chief Executive Ariel Emanuel and President Mark Shapiro. The sport and entertainment moguls have each taken out stakes in the Las Vegas Raiders, with Emanuel’s at 1.4% and Shapiro’s at 0.6% according to Sports Business Journal. With the deal reportedly valuing the Raiders – formerly of Los Angeles – at $9.9 billion, Emanuel’s investment pencils out to about $138.6 million while Shapiro’s sits at about $59.4 million.
The WME leaders find themselves in familiar company. Egon Durban, whose private equity firm Silver Lake Capital in Menlo Park took WME Group private last year, doubled his own stake in the Raiders to 22% in the same transaction.
Byron Allen, owner of Century City producer and broadcaster Allen Media Group, further diversified his media fiefdom with a controlling stake in digital media company BuzzFeed, based in New York. The $120 million transaction – which bought Allen 51% of the outstanding shares for the struggling media platform – closed last week.
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The Los Angeles Philharmonic at last pulled back the curtain on its next music director.
Daniel Harding will in the 2027-28 season succeed longtime director Gustavo Dudamel, who later this year will take leadership of the New York Philharmonic. We welcome Harding to L.A. from Rome, as conductor of the Orchestra of the National Academy of Santa Cecilia.
