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Todd Gilchrist

Stories by Todd

UTA Offers $200 Million IPO to Create Gaming, Digital Media Company

United Talent Agency has priced its new special purpose acquisition company at $200 million to create a new entity focused on gaming, digital media and creator economy jobs.

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Warner Bros. Discovery Expects to Hit $45 Billion in Revenue by 2025

New filings with the Securities and Exchange Commission reveal details about the pending merger between WarnerMedia and Discovery Inc.

Endeavor Sells Content Studio to South Korean Media Company for $775 Million

Endeavor Group Holdings Inc. has sold a majority stake in its content studio to South Korean media company CJ ENM.

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Warner Chappell Music Licenses With Products, Social Media Help Make Up for Performance Losses

Warner Music Group Corp. may be the smallest of the “Big Three” recording companies alongside Universal Music Group and Sony Music Entertainment, but it’s a designation that downtown-based publishing arm Warner Chappell Music Inc. co-Chairs Guy Moot and Carianne Marshall acknowledge with pride.

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Music Catalog Sales Trend Up as Artists, Investors Pursue Income Streams

Music catalogs have become more valuable in recent years than ever before — and not just to the artists who created them.

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Snap, Sony Sign Music Licensing Deal

Snap Inc. has signed a deal with Sony Music Entertainment to use the label’s music on its platform.

Universal Music Teams With Authentic Brands to Manage Artist Names, Likenesses

Universal Music Group is entering into a partnership with Authentic Brands Group to acquire and manage artist and celebrity brands.

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Covid Protocols Add 5% to Production Budgets

The California Film Commission has conducted a study revealing that Covid protocols added about 5% to film and TV production costs.

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Live Nation Stock Tumbles After Astroworld Concert Deaths

Just days after Live Nation Entertainment Inc. released its third-quarter 2021 earnings report, stock for the company dropped almost eight points as the market reacted to multiple deaths and widespread injuries at a concert Live Nation promoted.

Lionsgate Revenues Drop as Studio Considers Starz Spinoff

Lions Gate Entertainment Corp. reported a decline in quarterly revenue in its Q2 2022 earnings as the company considers spinning off streaming service Starz.

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Togethxr Sets New Goals for Women’s Sports

No longer content to ride the bench when it comes to media coverage, four former Olympians have created a company for women’s sports to take its shot — and make sure that the world sees it.

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Disney Streaming Subscriber Gains Slow in Fourth Quarter

Walt Disney Co. released its latest earnings report, indicating slowdowns in adding new subscribers to its centerpiece streaming service.

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Smaller Talent Agencies Stake Their Claims With Specialty Clients

Talent agencies, which advocate on behalf of creatives to production studios, have long been a part of the entertainment business.

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Sony Highlights Quarterly Gains Due to Crunchyroll, ‘Carnage’

Japan-based Sony Group Corp. posted its fiscal second-quarter earnings report Oct. 28 with significant revenue gains from its Culver City subsidiary, Sony Pictures Entertainment Inc., even as profits for the film unit declined slightly.

Fender to Acquire Music Tech Company PreSonus

Fender Musical Instruments Corp. has signed what it calls a “definitive agreement” to merge with PreSonus Audio Electronics Inc.

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UMG Announces 16% Growth in First Public Earnings Report

Universal Music Group has released its third quarter earnings report, the first since its spinoff from Paris-based media conglomerate Vivendi.

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Brand Agency’s Tailored Approach Is Paying Off

Public relations firm Brand Agency isn’t yet a household name, but with a client list that includes Amazon Studios, CoverGirl and Guess Inc., 36-year-old founder and Chief Executive Priscila Martinez is working to change that.

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Cameo Acquires Celebrity Merch Platform Represent

Represent Holdings announced Oct. 25 it was acquired by Chicago-based Baron App Inc., which does business as video-sharing service Cameo.

Snap Stock Falls 22% After Announcing $1B Third Quarter Earnings

Snap Inc. announced earnings of more than $1 billion for the third quarter in its quarterly report on Oct. 21, but new Apple Inc. data collection rules and the company’s acknowledgment of supply chain issues that carry industrywide repercussions prompted its stock prices to fall.

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Tax Incentives, Soundstage Tech Growth Drive Spike in Local Productions

As the entertainment industry continues to rebound from the pandemic, production in Los Angeles is on the rise due to a variety of factors, including successful implementation of Covid-19 protocols, statewide tax incentives and the convenience of local facilities.

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Lendistry to Provide $150 Million in Covid Relief to Live Event Venues

B.S.D. Capital Inc., which does business as Lendistry, announced that it will provide grants for live venues in California that may be struggling because of the pandemic.

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VideoAmp Reaches $1.4 Billion Valuation

VideoAmp Inc. announced that it closed a $275 million Series F funding round.

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Scopely Acquires GSN Games From Sony Pictures Entertainment

Scopely Inc. has acquired GSN Games from Sony Pictures Entertainment for $1 billion.

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Largest West Coast Vinyl Distributor Hard-Pressed to Meet Demand

Once the relic of a bygone era, vinyl records have made a roaring comeback.

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KKR Acquires Kobalt Capital Music Rights Portfolio for $1 Billion

West Hollywood-based Kobalt Music Publishing, a subsidiary of Kobalt Music Group, will continue to manage the works listed in the portfolio.

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Netflx Revenues Hit $7.5 Billion Thanks in Part to 'Squid Game'

Netflix released its third-quarter earnings on Oct. 19, reporting strong gains ascribed to series like “Squid Game.”

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Netflix Reopens Pacific Palisades’ Bay Theater

Netflix Inc. is reopening Pacific Palisades’ Bay Theater for the first time since it was shuttered during the Covid pandemic.

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IATSE Reaches Deal With AMPTP to Avert Pending Strike

The International Alliance of Theatrical Stage Employees reached a tentative deal with the Alliance of Motion Picture and Television Producers, narrowly averting a strike by its members.

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Homeboy Industries’ Social Enterprises Generate Millions in Revenue, Immeasurable Hope

2021 Philanthropy Special Report

For 33 years, Homeboy Industries has turned helping people into a business — and business is good.

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Audio Up Partners With SiriusXM for Podcast Content

Audio Up Inc. is teaming up with Sirius XM Radio Inc. for new podcast and audio content.

ViacomCBS Partners With Recur on Paramount, Nickelodeon Property NFTs

ViacomCBS Inc. is getting into the NFT business.

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LeBron James’ SpringHill Sets $725 Million Valuation With Minority Stake Investments

The SpringHill Company sold a minority stake to investors that brings its valuation to $725 million.

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World of Wonder Sets Bar for LGBTQ Media Production

In a media landscape where representation is becoming more important than ever, World of Wonder Productions Inc. kicked open the door for LGBTQ companies 30 years ago with a plan to create a platform for artists and creatives who were not being recognized in the mainstream media.

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AT&T Answers Call for Hybrid Work Model, Offers New Benefits

2021 Largest Employers Special Report

AT&T Inc. has made numerous adjustments to its business both leading up to and during the pandemic while remaining a major employer in Los Angeles, taking the No. 15 spot on the Business Journal’s 2021 list of largest private-sector employers in L.A. County.

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Loop Media Partners With Margaritaville for Times Square Resort

Loop Media Inc. is expanding its partnership with Orlando, Florida-based Jimmy Buffet’s Margaritaville.

TikTok Parent ByteDance Ordered to Pay $92M Privacy Settlement

ByteDance Ltd. will have to pay $92 million in a class action settlement for violating user privacy on TikTok.

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Warner Music Partners With Messaging Platform Community

Community.com Inc. is teaming with New York-based media conglomerate Warner Music Group Corp. for its first formal partnership to connect music artists and their fans.

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CAA Acquires ICM Creating Talent Agency Monolith

Creative Artists Agency has acquired rival ICM Partners in a sale marking a seismic shift in Hollywood’s representation landscape.

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Universal Music Group Partners With MedRhythms on Musical Health Treatments

Universal Music Group is partnering with Portland, Maine-based MedRhythms Inc. on a new medical treatment program involving music.

Endeavor Spends $1.2 Billion to Acquire OpenBet

Endeavor Group Holdings Inc. is expanding its increasingly lucrative sports interests in gambling with the acquisition of London-based OpenBet.

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Pluto TV Faces $3.5M in FCC Fines for Closed Caption Violations

ViacomCBS Inc. division Pluto TV will pay $3.5 million in fines after the FCC found that the streaming service violated its accessibility rules.

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MediaLab Acquires Genius for $80M

MediaLab.Ai Inc. has acquired lyrics database company Brooklyn, N.Y.-based Genius Media Group Inc. for $80 million.

Lesli Linka Glatter Elected DGA President

Lesli Linka Glatter was elected president of the Directors Guild of America on Sept. 18 at DGA National Headquarters in Hollywood Hills West.

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Universal Music Group Shares Surge in Market Debut

Santa Monica-based Universal Music Group is rocking the Amsterdam stock market.

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Live Nation Reaches Latin America With $444 Million Deal for OCESA

Live Nation Entertainment Inc. said it will acquire OCESA Entretenimiento for $444 million.

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Fox Corp. Acquires TMZ for $50 Million

Fox Corp. announced it acquired tabloid journalism online newspaper TMZ on Sept. 13 for an estimated $50 million.

Brian Robbins Named Paramount Pictures’ Next Chairman, CEO

ViacomCBS Inc., parent company of Hollywood-based Paramount Pictures Corp., has named Brian Robbins the studio’s next chairman and chief executive.

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NBCUniversal Alum Adam Stotsky to Lead MRC Live & Alternative

MRC has hired NBCUniversal alum Adam Stotsky as president of MRC Live & Alternative, a new division that will absorb the operations of Dick Clark Productions.

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Endeavor Leads Investments in Tempus Ex Machina

Endeavor Group Holdings Inc. led a financing round for Tempus Ex Machina, a San Francisco-based technology and data company focusing on the sports and entertainment industry.

Jam City Buys Canadian Studio Ludia for $165 Million

Jam City Inc. acquired Canadian game development studio Ludia for $165 million.

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