RAD: Tinder’s parent company InterActiveCorp has swiped left on 28-year-old Chief Executive Sean Rad. The dating app co-founder will remain in his current role until IAC, which has a majority stake in the startup, finds a replacement. Rad will then become Tinder’s president and join its board, according to Forbes. Rad’s demotion followed a sexual harassment and sex discrimination lawsuit brought by former vice president of marketing and co-founder Whitney Wolfe in June. Justin Mateen, a Tinder co-founder and former chief marketing officer, resigned after the suit was settled in September.
KISS: Rock & Brews, the El Segundo restaurant and venue co-founded by Gene Simmons and Paul Stanley of KISS, announced the appointment of Mike Reynolds as chief executive, a position that will largely involve hunting franchise opportunities as the chain attempts to expand globally. Rock & Brews, which has a massive beer selection and serves up items such as the “Backstage Burger” and “Margheritaville” pizza, has four locations in California, as well one each in Kansas, New Mexico, Hawaii and Mexico. The company is preparing for an expansion, with a handful of new locations opening soon, including one in Buena Park and one in Orlando, Fla. The company is calling its expansion a “world tour.”
PLAYING NICE: Burying the hatchet, at least this once, Apple Inc. and Google Inc. reached an unprecedented agreement with Walt Disney Co. to share rights to digital content. The olive branch between the competitors will allow consumers who buy a Disney movie from either of their online stores to watch it on devices using their rival’s operating system. This means that someone who buys “Frozen” from the Apple Store can later watch it on an Android tablet. Apple has until now restricted movies, TV shows and other content to its own family of iOS devices and computers, as well as computers that use Windows. Google put up similar barriers, forcing consumers who bought content in its digital store to watch it on Android-powered devices.
MANSIONIZATION: The Los Angeles City Council unanimously voted to draft rules that would temporarily halt demolitions in more than a dozen neighborhoods where residents have complained about “mansionization,” or homes being replaced with buildings seen as too big for their lots. City officials are still figuring out exactly what the rules will be, and they will return to City Council for final approval before any new regulation can be imposed. The process is expected to take a year-and-a-half. The Los Angeles chapter of the Building Industry Association warned that restrictions like these could trigger lawsuits from buyers who didn’t get enough warning and were unable to tear down or significantly expand the properties they purchased.
KEEPS ON GIVING: Jerrold Perenchio, the 83-year-old former chairman and chief executive of Univision Communications, has promised to give the Los Angeles County Museum of Art the largest donation of art in its history: his $500 million private collection. Perenchio donated at least 47 works, including paintings by Claude Monet and an early Pablo Picasso drawing. The endowment, which would go into effect after his death, comes with a major caveat: The museum must complete construction of its new building, which is planned for 2023, in order to receive it. The Los Angeles County Board of Supervisors voted to support LACMA’s plans for the new building, designed by Swiss architect Peter Zumthor, through a plan to contribute $125 million and future financing.
LEGACY: Long Beach software developer Laserfiche appointed Chris Wacker chief executive and Karl Chan as the company’s president. The appointments follow the news that Nien-Ling Wacker, who founded Laserfiche in 1987, died of breast cancer on Oct. 19. She was 70. Chris Wacker, her husband of 20 years, joined Laserfiche the year it was founded and had served as the company’s executive vice president since 2011.
BIG HAUL: Luxembourg broadcaster RTL Group upped its stake in Hollywood fashion and beauty-focused multichannel network StyleHaul, to 94 percent from 22 percent in a $107 million deal. The transaction values the business at $151 million. The European media house also provided an additional $20 million to help fund StyleHaul’s growth plan. Soon after announcing the acquisition, StyleHaul hired Noel Mika Bahamon as senior vice president of strategic partnerships.
EMBEZZLEMENT: Nolan Mitchell Ransdell, a former finance manager at Culver City TV production Studio Lambert USA was sentenced to two years in federal prison for embezzling $2.5 million from his former employer, according to the U.S. Department of Justice. The 41 year old previously pleaded guilty to stealing money from the reality TV production house, now known as All3Media America. The studio’s credits include “Undercover Boss.” Ransdell’s tactics included forging another executive’s signature on checks that he made out to himself and making cash withdrawals from the company’s bank accounts. Ransdell was also ordered to pay $2.46 million in restitution.
SHALLOW GRAVE: The remains of Gavin Smith, a 20th Century Fox Film Corp. executive, were discovered by hikers in the desert outside Palmdale, according to Los Angeles County coroner’s officials. The remains amounted to some bones and a skull in a shallow grave. The cause of death is still unknown. Speaking on condition of anonymity, sources involved with the case told the Los Angeles Times that Smith was likely killed at the direction of an individual and with the assistance of others experienced in violent crime. The Fox executive, who was 57, had not been seen since May 1, 2012.
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