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

Endeavor Files for Initial Public Offering

Endeavor, the parent company of talent agency WME filed to go public with the Securities and Exchange Commission May 23, the latest and perhaps most dramatic instance of Hollywood talent agencies diversifying their business models beyond representing writers, actors, and producers.

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CAA Launches Library Pictures to Finance Film Projects, Drawing Writers' Ire

One of Hollywood’s top talent representation firms, Creative Artists Agency, has formed a new company to finance film projects — even as many of the writers it’s represented are taking action against the agency over just such business ventures.

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Disney’s Fox Film Corporation to Lay Off 53

The first notification of mass layoffs following Walt Disney Co.'s acquisition of Fox Corp.’s film assets was sent May 14 to the California Employment Development Department.

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Live Nation Buys Three Local Music Spots

Live Nation Entertainment Inc. has significantly expanded its ownership of Los Angeles neighborhood music venues.

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Report: Disney Starts Layoffs

Walt Disney Co. has started layoffs at its studio operations and those of 20th Century Fox, according to media reports.

Expenses Outpace Revenue for Upstart Super League

Super League Gaming Inc. distinguished itself among esports companies – and most start-ups for that matter – by going public earlier this year, and on May 14 Super League released its inaugural earnings report.

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Disney Takes Control of Hulu

Walt Disney Co. will take full control of Santa Monica-based streaming service Hulu from Comcast, which owns a third of the service.

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Group Behind Grammys Names Deborah Dugan President

The Recording Academy, the Santa Monica-headquartered association behind the Grammy Awards, has named Deborah Dugan president, replacing Neil Portnow, effective Aug. 1.

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Disney Beats Q2 Earnings Estimates

Walt Disney Co. beat Wall Street estimates on earnings and revenue in the fiscal second quarter.

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Tourist-Driven Revenue in LA County Increased 4.9% to $36.6B

An economic impact report released by the Los Angeles Tourism & Convention Board on May 7 found that the 50 million tourists who visited the L.A. region spent $23.9 billion, helping to generated $36.6 billion in total economic impact. Tourist spending was up 5% over last year. Nearly a third of those dollars were spent on hotel and accommodations.

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Sinclair Acquiring 21 Regional Sports Networks From Disney

Sinclair Broadcast Group Inc. reached a deal to buy 21 regional sports networks from Burbank-based Walt Disney Co. for more than $10 billion on May 2.

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Live Nation Posts Modest Q1 Loss

Live Nation Entertainment Inc. reported a thorn in its normally rosy financial picture, reporting a net loss of $55.2 million for the first quarter of 2019.

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LA Olympics Budget Increases to Nearly $7B

The price tag to hold the 2028 Los Angeles Olympics jumped to $6.9 billion, according to an updated budget released by the local committee tasked with running the international sports event.

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Reports: Disney Looking to Buy More of Hulu

Walt Disney Co. and Comcast Corp. are in discussions over the future of streaming site Hulu, according to media reports.

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Fuse Media Files for Bankruptcy, Hopes to Reduce Debt by $200M

Fuse Media Inc., a privately held television broadcasting company based in Glendale, filed for bankruptcy earlier this week in an effort to reduce its debt by some $200 million.

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