Recent and archived news stories on: media companies, newspapers, television, digital media, entertainment industry, public relations firms, artist representation, agencies

LeBron James’ SpringHill Sets $725 Million Valuation With Minority Stake Investments

The SpringHill Company sold a minority stake to investors that brings its valuation to $725 million.

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Universal Hydrogen Raises $62 Million in Series B

The investment brings Universal Hydrogen’s total funding to $85 million.

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World of Wonder Sets Bar for LGBTQ Media Production

In a media landscape where representation is becoming more important than ever, World of Wonder Productions Inc. kicked open the door for LGBTQ companies 30 years ago with a plan to create a platform for artists and creatives who were not being recognized in the mainstream media.

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LA-Area Airport Traffic Down as Covid Surges, Crew Shortages Slam Airlines

The rebound in air travel at local airports hit some turbulence in August with passenger counts down 7% from July thanks in part to the rapid spread of the delta variant of the coronavirus.

TikTok Parent ByteDance Ordered to Pay $92M Privacy Settlement

ByteDance Ltd. will have to pay $92 million in a class action settlement for violating user privacy on TikTok.

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Loop Media Partners With Margaritaville for Times Square Resort

Loop Media Inc. is expanding its partnership with Orlando, Florida-based Jimmy Buffet’s Margaritaville.

AT&T Answers Call for Hybrid Work Model, Offers New Benefits

2021 Largest Employers Special Report

AT&T Inc. has made numerous adjustments to its business both leading up to and during the pandemic while remaining a major employer in Los Angeles, taking the No. 15 spot on the Business Journal’s 2021 list of largest private-sector employers in L.A. County.

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Airport Commissioners Approve $6 Billion Plan to Improve LAX

The Los Angeles Board of Airport Commissioners voted Oct. 7 to recommend approval of the $6 billion Airfield Terminal Modernization Project.

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Warner Music Partners With Messaging Platform Community Inc. is teaming with New York-based media conglomerate Warner Music Group Corp. for its first formal partnership to connect music artists and their fans.

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CAA Acquires ICM Creating Talent Agency Monolith

Creative Artists Agency has acquired rival ICM Partners in a sale marking a seismic shift in Hollywood’s representation landscape.

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Endeavor Spends $1.2 Billion to Acquire OpenBet

Endeavor Group Holdings Inc. is expanding its increasingly lucrative sports interests in gambling with the acquisition of London-based OpenBet.

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Universal Music Group Partners With MedRhythms on Musical Health Treatments

Universal Music Group is partnering with Portland, Maine-based MedRhythms Inc. on a new medical treatment program involving music.

Pluto TV Faces $3.5M in FCC Fines for Closed Caption Violations

ViacomCBS Inc. division Pluto TV will pay $3.5 million in fines after the FCC found that the streaming service violated its accessibility rules.

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Why Intuit Paid $500 Million for Naming Rights at Clippers Arena

The $1.2 billion dome not only has the potential to significantly affect the look and future of Inglewood but features a dizzying array of technological innovations.

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Universal Music Group Shares Surge in Market Debut

Santa Monica-based Universal Music Group is rocking the Amsterdam stock market.

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