MEDIA & ENTERTAINMENT
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.
American Airlines Expands LA Footprint with Rams, Chargers Stadium Deal
The developers behind the forthcoming National Football League field in Inglewood have pegged American Airlines Inc. as the stadium's first corporate partner as the Texas airline doubles down on investment in Southern California.
Town Hall and World Affairs Council Merge, Creating LA's Largest Speakers’ Forum
Town Hall Los Angeles and the Los Angeles World Affairs Council — two of L.A.’s most venerable speakers’ forums — are merging this month.
Fox Entertainment Acquires NoHo's Bento Box
Fox Entertainment is buying Bento Box Entertainment, the animation house behind “Bob’s Burgers” and other animated hits.
Disney Disappoints Despite Revenue Gains
Walt Disney Co. missed Wall Street expectations of adjusted earnings and revenue in the fiscal third quarter.
Director of Academy Museum Steps Down
After five years, Kerry Brougher is leaving the director position to "return to his roots in the art world."
Gallant Pet Raises $7 Million to Store Canine Stem Cells
A Playa Vista-based company offering stem cell storage banks for canines raised nearly $7 million, according to SEC filings.
Saban Sees Opportunities in Music
ENTERTAINMENT: Mogul places $500M bet on label
Billionaire Haim Saban invests $500 million to launch a world music record label.
Inglewood Forum Names New Operations Lead
The Forum in Inglewood named a new head of operations, the third person in the role in as many years as the iconic venue faces new challenges.
