LA BUSINESS JOURNAL DAILY NEWS

Film Industry Extends Covid Protocols Through Feb. 13

Studios and entertainment industry guilds have agreed to extend Covid-19 work protocols as the omicron variant surge threatens to delay film and television production.

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USC, Caltech Receive Separate Multimillion-Dollar Gifts

USC and the California Institute of Technology are receiving separate multimillion-dollar donations for research, with funds from the Caltech donation also going toward construction.

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CenterPoint Buys Carson Industrial Asset for $143M

Oak Brook, Ill.-based CenterPoint Properties has purchased an industrial asset in Carson for $143 million, records show.

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Lendistry Partners With Destination Crenshaw on Targeted Financial Services

Destination Crenshaw broke ground February 29, 2020 — just three weeks before Gov. Gavin Newsom issued the state’s first stay-at-home order in response to the pandemic.

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Fulgent Still Riding Covid Testing Wave

Just two years ago, Temple City-based Fulgent Genetics Inc. was a small but promising genetic testing company with $32 million in revenue for all of 2019.

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Virtual Brand Group Demystifies Metaverse

Virtual Brand Group acquires the rights to represent brands in the metaverse and creates for them ongoing opportunities to engage with consumers.

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Audience Data Gets Overhaul

The media industry is wrestling with ways to develop new methods of tracking elusive consumers across the expanding digital landscape.

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LABJ Insider: Net Zero Accelerator Opens Call for 2022 Cohort

L.A. has pressing concerns and competing priorities in the form of its housing crisis, economic growth, environmental goals and more.

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Microsoft to Buy Activision Blizzard for $70 Billion

Technology giant Microsoft Corp. is set to acquire Santa Monica-based video game publisher Activision Blizzard Inc. in a deal worth $68.7 billion, the two companies announced January 18th.

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Crypto IRA Software Creator iTrustCapital Raises $125 Million

The Long Beach-based tech platform creator iTrustCapital Inc. secured a $125 million Series A equity raise for its Crypto IRA software platform, the company announced on January 19th, with a post-funding valuation exceeding $1.3 billion.

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8minute Solar Receives $400M in Funding From EIG Global Energy Partners

Mid-Wilshire-based 8minute Solar Energy on January 19th announced that it closed $400 million in financing from Washington, D.C.-based EIG Global Energy Partners, which specializes in investments in global energy and infrastructure.

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B. Riley Acquires FocalPoint Securities for $175 Million

B. Riley Financial Inc. has acquired independent investment bank FocalPoint Securities for $175 million.

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Long Beach Exchange Sells for $158M

LBX, from Burnham-Ward Properties for $158 million. Eastdil Secured brokered the deal.

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CAA Moving to New Headquarters in 2026

CAA is moving, but the entertainment and sports talent firm’s clients needn’t worry about being able to find their agents: They will be just across the street.

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Griffin Gaming Partners Leads $55M Seed Round for Spyke Games

Griffin Gaming Partners (GGP) led a $55 million seed round for Spyke Yazılım Anonim Şirketi, breaking the record for the largest funding round raised by a company with a female chief executive not only in Turkey but globally in the gaming industry.

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Hettema Group Designs Unique Experiences

The Hettema Group, also known as THG, has created a reputation for being able to build anything you can imagine.

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Parallel Systems Raises $50 Million in Series A

Parallel Systems, an electric rail vehicle maker founded by three SpaceX veterans, picked up nearly $50 million in Series A funding last week.

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Boosted Acquires Hair Care Brand FoxyBae.com

Boosted Commerce Inc. in Beverly Hills acquired FoxyBae.com last week for $35 million.

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Autonomy Turns to Tesla to Launch Subscription Service

Scott Painter’s betting on Tesla. His Santa Monica-based company — NextCar Holding Co. Inc., doing business as Autonomy — which specializes in offering short-term vehicle subscriptions, will focus on providing the popular Model 3 to consumers in the Los Angeles area.

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Edison Moves Forward With $1.2B Battery Storage Contract

Last month, Southern California Edison, the electric utility subsidiary of Rosemead-based Edison International, announced two major moves to reduce reliance on greenhouse gases (GHG).

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