Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

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Mattel Reports Strong ‘Ghostbusters’ Sales Amid Disappointing Q2 Results

Mattel Inc. is ready to believe in the new “Ghostbusters.” On Friday, the El Segundo-based toymaker reported strong sales figures that have “exceeded expectations” for its “Ghostbusters” action figures and movie-inspired replica items such as the Ecto vehicle and the Proton pack. The announcement was originally reported by Variety.

Movers for Week Ending July 22, 2016

Los Angeles-based bio pharmaceutical company Puma Biotechnology Inc. was this week’s biggest mover, gaining 26 percent to end at $$42.52. Commerce-based Differential Brands Group was also among the week’s movers. The branded consumer platform gained 19 percent to end at $3.55. Manhattan Beach’s performance footwear company Skechers Inc. was the week’s biggest loser, dropping 23 percent to end at $24.99.

Silicon Beach Report for July 22: Birchbox Runs Customer Service Test on Snapchat

Birchbox runs customer service test on Snapchat, Free Reign Entertainment launches Shattered Skies, and Easypose expands on-demand yoga instruction.

Unemployment Rate Falls to 4.8 Percent

L.A. County’s unemployment rate fell to 4.8 percent in June, the lowest it’s been since January 2007, according to figures released Friday. In May, the seasonally adjusted rate was 4.9 percent.

Social Productivity App WeDo Launches Publicly

From Fantastical to Evernote there are dozens of popular productivity apps that help users do everything from planning an interview to remembering to take out the garbage. Organization junkies will need to make room for one more as WeDo, the latest iteration on so called to-do apps was publicly launched on Thursday.

Silicon Beach Report July 21: Tinder Launches Group Activity Feature

Tinder Launches group activity, Legend VR to create virtual reality for Stan Lee, and Machinima launches in China.

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Millennials Drive Growth in Attendance at Universal Studios

Zombies and wizards are drawing an unexpected audience to Universal Studios Hollywood this year: millennials.

June Los Angeles Residential Real Estate Market Heats Up

The number and price of homes sold in the Los Angeles metropolitan area continued their upward trend this year in June, according to data from the Seattle real estate company Redfin.

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L.A. Metro Sued Over Downtown Project

An outdoor mall in Little Tokyo sued the Los Angeles County Metropolitan Transportation Authority Wednesday in an attempt to halt construction of the major rail project in downtown.

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Feds Look to Recover Assets from 'The Wolf of Wall Street' Money Laundering Scheme

Oscar-nominated film “The Wolf of Wall Street,” produced by West Hollywood’s Red Granite Pictures Inc., is at the top of a list that identifies more than $200 million in assets linked to Los Angeles that the United States government aims to recover after an alleged international money laundering conspiracy.

Silicon Beach Report July 20: Dollar Shave Club Acquired for $1 Billion

Dollar Shave Club acquired for $1 billion, Rubicon Project signs deal to automated Spotify ad inventory, RadPad adds electronic leases, and more.

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Director and Producer Garry Marshall Dies at 81

Legendary director and producer Garry Marshall died on Tuesday, at the age of 81. His publicist, Michelle Bega confirmed the news first reported by Access Hollywood that Marshall had died of complications of pneumonia following a stroke at a hospital in Burbank.

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Mattel Acquires License for ‘Jurassic World’ Toys

El Segundo toy maker Mattel Inc. said today it won the toy license for the upcoming new “Jurassic World” film.

Silicon Beach Report July 19: Snapchat Confirms Bitstrips Acquisition

Snapchat confirms Bitstrips acquisition, Hyperloop One hits back at former executives, DreamWorks inks virtual reality deal, and more.

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Snapchat Confirms Bitstrips Acquisition

Snapchat of Venice has confirmed that it has acquired Bitmoji app maker Bitstrips of Toronto.

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Hyperloop One Hits Back at Former Execs In Latest Court Filing

A week after being sued by four former company executives, next-gen transportation firm Hyperloop One struck back asking for $250 million in damages from what it’s calling the “Gang of Four.”

Silicon Beach Report July 18: Snapchat in Talks for Hollywood TV Shows

Airbnb to pay hotel taxes to City of Los Angeles, Snapchat is in talks for Hollywood TV shows, SpaceX lands fifth rocket, and more.

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Academy Elects Steven Spielberg to Board of Governors

The Academy of Motion Picture Arts and Sciences based in Beverly Hills announced Monday that its newly elected board of governors will be composed of at least six new members, including famed director Steven Spielberg in the directors branch.

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Airbnb to Pay Hotel Taxes to City of Los Angeles

Airbnb will begin to collect and pay hotel taxes on behalf of L.A. properties that are rented on its website starting Aug. 1, per a three-year agreement with the City of Los Angeles.

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Playa Vista Office Primed for $165 Million Sale

The Playa Jefferson office campus in Playa Vista is set to sell for $165 million, or $843 a square foot, putting it in league with Playa Vista’s priciest office sales. Rockwood Capital is slated to pick up the 195,668-square-foot site in a deal closing next week, according to sources familiar with the transaction.