LA BUSINESS JOURNAL DAILY NEWS

Producers Guild Executive to Depart

Vance Van Petten, national executive director of the Producers Guild of America, will step down in mid-2021.

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AI Telehealth Firm Ontrak Loses Largest Customer

Santa Monica-based artificial intelligence telehealth firm Ontrak Inc. will be losing its largest customer in June.

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Red 6 Raises $7 Million for AR Combat Training

Santa Monica-based Red 6 has raised $7 million for augmented reality technology to train fighter pilots.

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Film Commission Allocates $87 Million to Projects

Nearly two dozen movie projects filming in California received tax credits from the California Film Commission

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Boingo Wireless Acquired for $854 Million

Internet provider Boingo Wireless Inc. is set to be acquired by an affiliate of investment firm Digital Colony Management in a deal valued at $854 million.

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Coopers Look Beyond Film Industry for Hollywood Portfolio

A large family-owned portfolio of properties around Hollywood that has been mostly used by the entertainment industry will soon welcome a new range of businesses.

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Are Virtual Concerts the Future of Live Entertainment?

In a year in which massive music festivals like Coachella and Lollapalooza were called off, it’s not surprising that the biggest concert of 2020 took place inside a video game.

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Ceres Sets $1.9 Billion Cannabis SPAC Deal

A special purpose acquisition company, or SPAC, backed by Century City-based private equity firm Ceres Group Holdings has struck a $1.9 billion deal with a multistate cannabis company.

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Molina Is Eagerly Anticipating Biden Boost

Few companies have been as eagerly anticipating the new administration of President Joe Biden and Democratic control of Congress as Molina Healthcare Inc.

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LABJ Insider: Keeping It Real Estate

If there’s one thing almost every member of L.A.’s business community has in common, it’s real estate.

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Fisker to Partner With Foxconn for New Vehicle

Manhattan Beach-based electric vehicle maker Fisker Inc. plans to partner with electronics manufacturing giant Foxconn Technology Group on a new vehicle that could enter production by the end of 2023.

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Dispo Gets $20 Million for Trendy Photo App

Dispo Inc., the company behind one of the hottest apps of the new year, has reportedly raised $20 million in new funding at a hefty $200 million valuation.

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Duke Realty Buys City of Industry Site for $51 Million

Duke Realty Corp. has purchased an industrial building in the City of Industry for $51.3 million.

Emotive Raises $50 Million for Text Messaging Campaigns

Sawtelle-based text messaging software platform 317 Labs Inc., which does business as Emotive, has raised $50 million in series B funding.

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Tetra Tech Reels In $39 Million Sustainable Energy Consulting Contract

Pasadena-based engineering and consulting firm Tetra Tech Inc. has received a five-year, $39 million contract from the U.S. Agency for International Development.

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Live Nation Revenue Tumbles But Stock Soars

Live Nation Entertainment Inc., the music industry’s largest live events promoter, closed out the year with another major drop in revenue, but Wall Street was unphased.

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Tri-Cities Real Estate Market Sees Mixed Results

Like every commercial real estate market in Southern California, the Tri-Cities area has wrestled with the impact of Covid-19.

Innova Turns to Acquisitions in Bid to Boost Production

With two recent acquisitions under its belt, Pasadena-based startup Innova Medical Group Inc. is ramping up procurement and production of rapid antigen tests.

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Capricor Receives License for New Covid-19 Test

Beverly Hills-based biotech firm Capricor Therapeutics Inc. is about to start work on an entirely new type of Covid-19 test.

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ImmunityBio, NantKwest Get OK to Expand Covid Vaccine Trial

The Covid-19 vaccine candidate being developed by two of billionaire Patrick Soon-Shiong’s companies moved a step closer to deployment.

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