Los Angeles Business Journal


Silicon Beach Report Oct. 21: Snapchat’s Content Terms Raises Questions for Publishers

Snapchat’s content terms raises questions for publishers, TigerText launches new messaging and workflow app, and Faraday Future Misses $21 Million Payment to Aecom.

Movers for Week Ending October 21, 2016

Century City’s Ritter Pharmaceuticals Inc. was the week’s biggest mover, up 53 percent to close at $2.60. Commerce-based furniture maker Nova Lifestyle Inc. was also among the week’s big gainers, jumping 16 percent to $4.30. Puma Biotechnology Inc. in West Los Angeles was the week’s biggest loser, dropping 20 percent to close at $43.55.

L.A. Garment Workers to Rally Against Ross Dress for Less

Los Angeles garment workers want to increase pressure on Pleasanton discount chain Ross Dress for Less.

County Unemployment Rate Ticks Up to 5 Percent, But Job Growth Strong

L.A. County’s unemployment rate rose slightly in September to 5 percent despite relatively strong job growth for the month, state figures released Friday show.

Silicon Beach Report Oct. 20: Netflix Countersues Fox Over Employee Poaching Claims

Netflix countersues Fox over employee poaching claims, SAG-AFTRA rejects final offer from video game industry, and Seriously launches “Best Fiends” sequel mobile game.

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Renovated LAX Terminal Debuts with $70.5 Million of Improvements

The Los Angeles International Airport debuted a freshly redesigned Terminal 6 on Wednesday, complete with Los Angeles-based retail and dining companies, and a vibe that’s said to be inspired by Sunset Boulevard.

SAG-AFTRA Rejects Final Offer From Video Game Industry

Video game actors represented by SAG-AFTRA rejected a final contract offer on Thursday from the trade association representing the video game industry, setting up the union’s members to strike at midnight Friday.

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Lemonade Appoints Former Universal Studios Hollywood Head Larry Kurzweil as President and CEO

Lemonade Restaurant Group announced Wednesday that Larry Kurzweil, the former president and chief executive of Universal Studios Hollywood, will be joining the company as president and chief executive effective Dec. 1. Co-founders of the Los Angeles-based fast-casual restaurant, Alan Jackson and Ian Olsen, will assume the roles of chairman and chief culinary officer, and chief development officer, respectively.

Brentwood Town Center Brings in Paige Denim and Blue Bottle Coffee

The Brentwood Town Center is getting a shake-up. The compact retail center next to the Brentwood Country Mart recently signed five new leases worth more than $8 million, said Dan Blatteis, co-chairman at property owner Blatteis & Schnur Inc.

Silicon Beach Report Oct. 19: Oblong Industries Raises $65 Million

Oblong Industries raises $65 million, image stability technology manufacturer MEMS Drive raises $11 million, CBS Orders Candy Crush game show, and more.

Oblong Industries Raises $65 Million

Oblong Industries, the Los Angeles-based developer of spatial, immersive, and gesture-enabled technologies, announced Tuesday that the company raised a total of $65 million during its expansion funding round thanks to investments from new and existing investors.

Silicon Beach Report Oct. 18: Health care App Heal Raises $26.9 Million

Health care app Heal raises $26.9 million, clinical trial software developer Science 37 raises $31 million, and L.A. investor Ashton Kutcher says virtual reality is overhyped.

Health Care App Heal Raises $26.9 Million

Doctor house call app Heal of Santa Monica raised a $26.9 million Series A round led by Legendary Pictures chief executive Thomas Tull’s company Tull Investment Group.

Silicon Beach Report Oct. 17: Snapchat Makes Inroads in the United Kingdom

Snapchat makes inroads in the United Kingdom, SAG-AFTRA threatens video game publishers with strike, and HelloTech hires president.

Netflix Signs Lease for Hollywood Studio Space

Netflix Inc. has signed a 10-year lease for soundstages and production offices at Sunset Bronson Studios, property owner Hudson Pacific Properties said in a news release.

SAG-AFTRA Threatens Video Game Publishers with Strike

Video game actors represented by SAG-AFTRA are threatening to go on strike Friday if demands for a larger cut of royalties and limits on “vocally stressful sessions” are not enacted.

Carnival Cruise Line to Double Size of Long Beach Terminal

Carnival Cruise Line has signed an agreement to more than double the size of its Long Beach terminal to accommodate larger ships.

USC, Ports Partner to Improve Supply Chain Technology

The University of Southern California, local ports, and the U.S. Department of Commerce have formed a strategic partnership aimed at improving the global competitiveness of the nation’s supply chains.

Movers for Week Ending October 14, 2016

El Segundo-based sporting goods retailer Big 5 Sporting Goods was this week’s biggest mover, gaining 8 percent to end at $16.99. Kilroy Realty Corp. Real Estate Trust was also among the week’s movers. The DTLA real estate corporation gained 5 percent to end at $70.11. Specialty pharmaceutical company Ritter Pharmaceuticals Inc. was this week’s biggest loser, dropping 14 percent to end at $1.70.

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Construction Begins at Santa Monica Luxury Hotel

Construction has begun on a new 271-room luxury hotel and retail complex on Wilshire Boulevard and 7th Street in Santa Monica, according to the Kor Group, the real estate investment and management group developing the property.