Media & Entertainment | Los Angeles Business Journal

Rick Fox Sued by Echo Fox Partners

One week after Riot Games Inc. kicked Echo Fox out of its "League of Legends" esports tournament, the company itself is looking to kick out its celebrity founding owner Rick Fox, saying he owes the other investors at least $2.5 million.

Sinclair Closes $11 Billion Deal for Regional Sports Network

Sinclair Broadcast Group Inc. announced Aug. 23 it had closed a $10.6 billion deal to acquire 21 regional sports networks once owned by 21st Century Fox Inc., including downtown-based Fox Sports West and Fox Prime Ticket.

Fire Doesn’t Burn UMG

ENTERTAINMENT: Label sees lift from digital music

XFL Names L.A. Team the Wildcats

The XFL, a professional football league that will start in February, unveiled its team names and logos Aug. 21, with Los Angeles getting the moniker of Wildcats.

Southwest Airlines Cuts LAX Flights to Mexico, Omaha, Pittsburgh

Southwest Airlines has announced that it's cutting four flights at LAX starting in January. The nonstop flights serve Cancun and Puerto Vallarta in Mexico, as well as Omaha, Neb., and Pittsburgh.

LA Times to Pay $16 Million in Age-Discrimination Lawsuit, Soon-Shiong Off the Hook

A Los Angeles jury awarded $15.5 million to T.J. Simers in the journalist’s long-running age-discrimination lawsuit against the Los Angeles Times, but new Times owner Patrick Soon-Shiong will pay none of it.

Disney lays off more than 100 at Fox Studios

Walt Disney Co. plans to lay off an additional 124 employees at 20th Century Fox Film Corp., the latest pink slips from the landmark merger.

Feds Ding Meruelo for Fake Emergency Alert

The Federal Communications Commission has fined and entered into a consent decree with Alex Meruelo’s Meruelo Radio Holdings after one of the company's radio stations played the Emergency Alert System tone as a sound effect.

Romance Movie Streamer Stirs Investors’ Passion

Elon Musk's sister founded PassionFlix, a streaming service that turns steamy romance novels into amorous movies. According to an Aug. 13 SEC filing, PassionFlix has raised $6.8 million in new funding.

Entertainment Payroll Company to Pink Slip 82 Workers

Following its acquisition by TPG Capital, payroll and software company Entertainment Partners will lay off 82 employees.

Long Beach Airport Passenger Traffic Slides After JetBlue Pullback

Long Beach Airport passenger traffic fell 15.5% for the first half of 2019 compared to the same period last year amid fallout from JetBlue Airways’ pullback in flights in September.

Lions Gate Posts Quarterly Loss

Success at the box office couldn't stop Lions Gate Entertainment Corp. from losing money in the company’s first fiscal quarter of 2020, raising questions about how the mid-sized studio can compete in the present entertainment market.

AECOM Tapped to Design Clippers Arena Complex in Inglewood

Century City infrastructure giant Aecom is taking another step to transform the Inglewood skyline with the recent award of a contract to design a new arena and adjacent entertainment complex for the Los Angeles Clippers basketball team.

B. Riley, Brigade Capital Infuse $218 Million into Bankrupt Barneys

New York-based luxury retail chain Barneys New York Inc., which filed for Chapter 11 bankruptcy protection on Tuesday, has received $218 million in new financing from lending arms of Woodland Hills-based B. Riley Financial and Brigade Capital Management.

City National Buys Financial Software Firm Catered to Entertainment Businesses

Beverly Hills-based City National Bank has purchased FilmTrack Inc., a Studio City-based company that tracks payments, contracts and a range of other financial transactions for the entertainment and media industries.