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Matthew Blake

Stories by Matthew

An Ill-Fated Endeavor: Agency Taps Out of IPO

In the latest blackeye for the IPO market, Endeavor, which owns the Ultimate Fighting Championship, pulled its planned listing on Sept. 26.

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Resnicks Give $750 Million to Caltech for Climate Research

Wonderful Co. owners Stewart and Lynda Resnick announced on Sept. 26 that they will give a record-setting $750 million to Caltech for climate science studies.

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Wealthiest Angelenos: Media Men

Many entertainment players are riding high, even with changes sweeping the industry

Even with changes sweeping the media industry, the marquee names on this year’s list are riding high.

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Disney Plans to Lay Off 130 More Workers

Walt Disney Co. is set to lay off 130 more employees in the wake of its purchase of Fox assets.

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LASED Announces First Tenants, Inaugural Taylor Swift Concert

The Los Angeles Stadium & Entertainment District announced Sept. 17 the first three tenants for its Inglewood complex set to host the Los Angeles Rams and Chargers football games.

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Writers Guild Incumbents Cruise to Victory

Writers Guild of America West members reelect David Goodman as president, a vote of confidence in the union’s battle against talent agencies.

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FastPay Makes Big Media Bet

FINANCE: AIG provides $80M infusion for lending push

FastPay Partners to ramp up loans.

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A Turbulent Week for WarnerMedia

Company secures Abrams amid shareholder unrest

Company secures Abrams amid shareholder unrest

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Investment Group Buys Beverly Hills Courier from Meehan Trust

New owners of the Beverly Hills Courier, the 54-year-old self-described newspaper of record for Beverly Hills, plan to expand.

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Lawyer Up

Neville Johnson stares down entertainment’s power players

Entertainment lawyer Neville Johnson talks Netflix, how musicians make money and Richard Simmons.

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AEG Extends Contract to Host Emmys

LA Live’s Microsoft Theater will host the Emmy Awards through at least 2022, according to a Sept. 3 announcement by Anschutz Entertainment Group Inc.

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CAA Scores for Athletes

SPORTS: Agency sets pace through off-the-court deals

Century City-based Creative Artists Agency is dominating the business of representing athletes.

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Actors' Union Re-Elects President Carteris

SAG-AFTRA members voted Aug. 28 to give Gabrielle Carteris another two-year term as president of a union diversifying its negotiation strategy within a changing entertainment business landscape.

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Media Startup Led by Former Riot Games Brass Raises $3.6 Million

El Segundo motion picture and video game producer Wonderstorm Inc., founded by three former Riot Games Inc. leaders, has raised $3.6 million in new financing.

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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.

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Fire Doesn’t Burn UMG

ENTERTAINMENT: Label sees lift from digital music

ENTERTAINMENT: Label sees lift from digital music

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Signs of Change at Riot

GAMING: Action against Echo Fox sends a ‘message’

GAMING: Action against Echo Fox sends a ‘message’

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.

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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.

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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.

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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.

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Multiple HAIL MARYS

Special Report: Business of Sports

LA’s pro football landscape is littered with (mostly) failed franchises

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Are You Ready for Some (More) Football?

Special Report: Business of Sports

The XFL is back, but the question remains: Do L.A. fans want spring football?

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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.

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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.

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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.

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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.

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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.

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SAG-AFTRA Netflix Pact Could Undercut Studios

Streamer’s deal with actors breaks with alliance

The Screen Actors Guild-American Federation of Television and Radio Artists announced July 20 that it had reached a deal on a three-year contract with Los Gatos-headquartered Netflix.

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Live Nation Buys Live Events Giant Ocesa

Live Nation Entertainment Inc.’s global domination of the concert promotion industry grew dramatically July 24 as the Beverly Hills company announced it acquired a controlling interest in Mexico City-based Ocesa Entretenimiento.

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Startup FanDragon Designs Tech to Tackle Ticketing Fraud, Raises $12 Million

West Hollywood-based FanDragon Technologies Inc. has developed ticketing software that aims to combat fraud among ticketing service providers.

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Dodgers Pitch $100 Million Stadium Renovation Plan

The Los Angeles Dodgers will spend $100 million in private financing to renovate Dodger Stadium. Plans include a new center field plaza.

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AEG Inks Deal with Toshiba for Office Equipment, Signage

Downtown-headquartered AEG has entered a “multiyear, multimillion-dollar renewal agreement” with Toshiba America Business Solutions Inc., an Irvine-headquartered company.

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Live Nation Runs Lap Around Other Promoters

Live Nation Entertainment Inc. makes more money in ticket sales from its artists' shows than the company’s top 15 global competitors combined.

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Will LA Stall Netflix Plan?

ENTERTAINMENT: Deal for Egyptian may face hurdles

Netflix Inc. may face hurdles in its quest to buy an iconic Hollywood theater.

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UTA Adds Sports Agents, Aims for Crossover Deals

United Talent Agency has hired LeBron James’ agent Rich Paul to run the agency’s new sports division — the latest instance of Hollywood talent agencies shifting their business models beyond entertainment industry representation.

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LA Weekly Owners Quietly Settle Dispute

A dispute between the owners of LA Weekly has quietly settled, but the alternative paper’s future remains unclear as the publication has reduced its size and cut back on distribution.

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Warner Sets Streaming Plan

ENTERTAINMENT: HBO Max enters growing field

ENTERTAINMENT: HBO Max enters growing field

Writers, Agents Face Long Fight

ENTERTAINMENT: Dispute could last years, alter industry

ENTERTAINMENT: Dispute could last years, alter industry

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Live Nation Clears Hurdle to Purchase Promoter

ENTERTAINMENT: Acquisition of MCD Productions would boost company’s international expansion

EVENT PROMOTION Live Nation Entertainment’s acquisition of MCD Productions clears hurdle

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Former StyleHaul Executive Indicted for Embezzlement

The former controller for digital media company StyleHaul Inc. was indicted July 9 on charges of embezzling $22 million from the now defunct Hollywood outfit.

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WarnerMedia Joins Field of Streams

WarnerMedia announced July 9 the launch of HBO Max, its entry into the increasingly crowded digital streaming field.

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Immortals Answers ‘Call of Duty’

ESPORTS: Culver City firm commits to ownership of LA franchise in new league

ESPORTS: Culver City firm commits to ownership of LA franchise in new league

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Getting In tune

Management and workers both benefit from unionization at KCRW, KPCC

Management and workers both benefit from unionization at KCRW, KPCC

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Lions Gate Says No to New York

MEDIA: Studio nixes Times Square amusement center

MEDIA: Studio nixes Times Square amusement center

Lions Gate scraps plan for Times Square entertainment center

Lions Gate Entertainment Inc. has dropped plans for an indoor amusement center in New York City’s Times Square, a source close to the company confirmed July 3.

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CAA Joins Endeavor, UTA in Suing Writers Guild on Antitrust Grounds

All three of Hollywood's top talent agencies have now sued the Writers Guild, claiming the labor union violated antitrust law by staging a boycott against the agencies.

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Lions Gate Looks for More Than A Hit

ENTERTAINMENT: Stock slumps amid box office wins

Hit film franchises aren’t helping Lionsgate Entertainment Inc. stock.

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Artists Sue Universal Music Group Over 2008 Fire

The estates of Tupac Shakur and Tom Petty, as well as bands Soundgarden and Hole joined a proposed class action lawsuit against Universal Music Group over a 2008 fire that destroyed thousands of master recordings.

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Revenue Grows at LiveXLive

MEDIA: Concert-streaming company notes rising costs

Concert streaming boosts LiveXLive Media Inc. but company has struggled to meet SEC deadlines.

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