LA BUSINESS JOURNAL DAILY NEWS

Studios Reach Deal With Cinemark On Theatrical Windows

Several major Hollywood studios have inked deals with Plano, Texas-based Cinemark Holdings Inc. to shorten theatrical release windows.

Paramount Plus to Launch in Australia, New Zealand

ViacomCBS will launch its newest streaming service, Paramount+, in Australia and New Zealand.

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Fulgent Posts Another Record Quarter

Fulgent Genetics Inc. reported another quarter of record revenue as it continued to ride the Covid testing wave.

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B. Riley's Latest SPAC Raises $150 Million

A new blank check company formed by B. Riley Financial raised $150 million in its market debut.

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Electrify America to Invest $25 Million in Ports Area

EV infrastructure company Electrify America will invest $200 million into charging stations and zero-emission vehicle education campaigns in California.

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Beyond Meat Misses on Earnings Expectations

Shares of Beyond Meat Inc. dipped about 6% on May 6 after the company posted top- and bottom-line results below Wall Street expectations.

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Health Care Apparel Brand Figs Files for IPO

Figs Inc., a Santa Monica-based health care apparel brand, has filed for an initial public offering.

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Green Dot Profit Tumbles 82% in First Quarter

Green Dot Corp. said profit fell 82.1% while revenue rose 9% in the first quarter.

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Subscription Software Developer ReCharge Hits $2.1 Billion Valuation

ReCharge Inc., the developer of a subscription payments platform for ecommerce companies, has raised a whopping $277 million in a funding round.

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SpaceX Successfully Lands Starship in Test Flight

It took five tries, but SpaceX successfully completed a high-altitude test flight of its Starship spacecraft.

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Honest Co. Raises $413 Million With IPO

Jessica Alba’s personal-care brand The Honest Co. Inc. went public on May 5, raising $413 million in its stock market debut.

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Koreatown Apartment Building Gets $42 Million Loan

A multifamily building in Koreatown has received a $41.5 million mortgage loan.

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Activision Blizzard Posts Strong Q1 Results

Activision Blizzard's share price shot up 4% in after-hours trading as the company reported $2.28 billion in first-quarter revenue.

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Virtual Concert Platform Wave Gets Investment From WMG

Venice-based virtual concert platform Wave has secured a minority investment from Warner Music Group.

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Miso Robotics Releases Cooking Software for Restaurants

Miso Robotics Inc. will make the software behind its kitchen automation technology available to foodservice businesses as a standalone product.

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B. Riley Financial Posts First-Quarter Gains

B. Riley Financial Inc. reported profit of $252.9 million on revenue of $600.2 million in its 2021 first quarter.

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Large Mixed-Use Project Is Proposed Downtown

A large project has been proposed for a 7.6-acre site on the Arts District border in downtown.

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iPower to Raise $50 Million for Hydroponics Business

Duarte-based iPower, an online hydroponic equipment supplier that operates largely in the cannabis industry, plans to raise $50 million.

SpaceX Capsule Returns Space Station Astronauts to Earth

Four astronauts returned to Earth from the International Space Station aboard a SpaceX-designed capsule on May 2.

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Real Estate Agents Ditch Brokerages to Go Independent

Part private members club and part real estate brokerage, newly opened Beverly Hills Estates occupies a prime spot on the famed Sunset Strip.

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