FILMS AND PHONES: Gov. Jerry Brown has signed off on a deal that would more than triple the funding for California’s film and TV tax-credit program. If approved by the Senate, the bill would increase the tax credit to $330 million a year for the next five years and replace the current lottery system with a ranking based on how many new jobs a production creates. The governor also signed a bill into law that requires smartphones sold in California include smarter antitheft technology. The so-called kill switch would render a smartphone useless after it was stolen, and will be included on all smartphones sold in the state starting in July.

SURF’S UP: Hurricane Marie sent 10- to 15-foot waves into the Port of Long Beach on Wednesday, causing the port to suspend some vessel operations for the day to keep longshore workers out of danger. The National Weather Service warned of damaging high surf, very strong rip currents and minor coastal flooding in the most significant southerly swell event since 1996.

REBID: Los Angeles Unified School District Superintendent John Deasy has ordered the $1 billion contract to buy iPads and digital curriculum to be rebid after an internal report last week criticized potential favoritism in vendors Apple Inc. and Pearson being selected.

LIMITED: Los Angeles County supervisors have approved a far-reaching land-use plan for the Santa Monica Mountains despite the objections of vineyard owners. The plan, which sets rules for growth in the coastal area near Malibu, limits future development and bans new vineyards.

DODGERS: Mayor Eric Garcetti has asked the Federal Communications Commission to examine the stalemate between Time Warner Cable and other pay-TV operators while reviewing the proposed Comcast and Time Warner Cable merger. The impasse has prevented two-thirds of L.A. residents from watching Los Angeles Dodgers games this season.

DRONES: Walt Disney Co. has filed three patents to use unmanned aircraft in entertainment productions at its theme parks. The Burbank entertainment and media giant would use the drones to facilitate large-scale light shows and other projected displays. Pictures filed with the patent show a large screen held in place by the drones next to a Magic Kingdom castle.

GAMES: Amazon.com Inc. has announced it is buying live-streaming video game site Twitch for $970 million in cash. Games developed by local studios such as Riot Games in West Los Angeles, Activision Blizzard Inc. in Santa Monica and Electronic Arts Inc. in Playa Vista rank among the most viewed on Twitch’s platform.

SETTLED: California homeowners and pension funds will receive $800 million from Bank of America Corp., the state’s share of a record-breaking settlement over toxic mortgages issued and packaged as investment securities during the housing bubble.

HONESTLY: Honest Co., a Santa Monica maker of eco-friendly, nontoxic baby products, has raised $70 million in Series C funding as it prepares to file an IPO. Entrepreneur Brian Lee co-founded the company in 2012 with actress Jessica Alba. The 235-employee company has received $122 million in funding and projects $150 million in revenue this year.

DEVELOPMENT: Robert F. Maguire III, the developer who helped shape the Los Angeles skyline in the 1980s and ’90s with projects like the U.S. Bank Tower, was reported to be planning an unconventional office at Playa Vista, which has been a draw for creative firms such as YouTube. Work on the $67 million building would begin before any agreements with tenants have been reached.

VEGAS: Brentwood Associates, a Los Angeles private equity firm, acquired Marshall Retail Group, a Las Vegas owner and operator of stores in casinos and airports. Brentwood will set up a board of directors and help to grow the company in an advisory capacity, while the company will continues to operate out of Sin City.

HERE KITTY: Hello Kitty, the Sanrio Company Ltd. character birthed in Japan in 1974, will be celebrated in Los Angeles this fall with a full-blown retrospective of Kitty-inspired art, merchandise and fashion at the Japanese American National Museum, which opens in mid-October, followed by the first ever Hello Kitty Con at the Museum of Contemporary Art.

EARNINGS: Medical equipment maker OSI Systems reported fourth-quarter net income of $22.1 million, compared with $11.8 million in the same period a year earlier. Revenue rose 14 percent, to $260 million. …Clothing company Guess Inc. reported second-quarter net income of $22 million, down 51 percent from the same period a year earlier. Revenue decreased 5 percent to $607 million. Results reflected a weakness in the North American market.