Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Hulu Launches Ad-Free Plan, Adding Revenue Stream

Hulu has launched an $11.99, advertising-free monthly subscription plan, adding to the number of ways the streaming subscription service makes money from its content and putting it in direct competition with Netflix.

Machinima Settles FTC Deceptive Ad Lawsuit

YouTube multichannel network Machinima has settled a lawsuit brought by the Federal Trade Commission alleging it used deceptive advertising to promote the Microsoft Xbox One game console and several video games.

Brown Relaxes State Regs on ‘Made in the U.S.A.’ Label

Apparel makers and other manufacturers may breathe a sigh of relief at Gov. Jerry Brown’s decision to sign into law an amendment to what’s become known as the “Made in the U.S.A. Law.”

DTS Acquires HD Radio Firm for $172 Million

Audio technology company DTS Inc. plans to acquire iBiquity Digital Corp., a developer of high-definition radio technology, in a deal valued at $172 million.

Former Hot Pockets Plant May Pivot to Dumplings

The Chatsworth factory that once turned out Hot Pockets frozen sandwiches has been sold to a Chinese company that was the exclusive supplier of dumplings to the 2008 Beijing Olympics.

Disney, DreamWorks Parting Ways?

Steven Spielberg’s DreamWorks Studios is looking for a new distribution deal as its current arrangement with the Walt Disney Company is set to expire next year, according to the Hollywood Reporter.

Reader Poll

Would you like the Olympic games to be held in Los Angeles?

Stocks Rise; DTS Soars, AeroVironment Sinks

The Dow Jones industrial average rose 293 points in Wednesday trading to close at 16,351. The S&P 500 rose 35 points to 1,949. The Nasdaq rose 114 points to 4,750. The LABJ Stock Index rose five points to 221.

Whisper Hires VP of Sales

After rolling out sponsored posts this spring, anonymous social media network Whisper is ramping up its advertising sales, hiring Shelby Haro as its first vice president of sales.

L.A. Council Backs Olympic Bid

The Los Angeles City Council cleared the way for the city to bid on hosting the 2024 Summer Olympics by voting unanimously Tuesday to support it.

IPC Buys Virginia Doctors Group

IPC Healthcare Inc. is set to be acquired later this year, but that isn’t stopping the firm from making an acquisition of its own.

Cedars Acquires Marina del Rey Hospital

Cedars-Sinai Health System announced Tuesday that it acquired the 145-bed Marina del Rey Hospital and a neighboring medical office building. The terms of the deal were not disclosed, but county records show the hospital property traded for $25.3 million in mid-August.

Stocks Plunge; NantKwest Rebounds, California Resources Slumps

The Dow Jones industrial average shed 470 points in Tuesday trading to close at 16,058, erasing much of the gain from last week’s market rally. The S&P 500 fell 58 points to close at 1,914. The Nasdaq fell 140 points to close at 4,636. The LABJ Stock Index fell six points to close at 216.

Mobcrush Lands $11 Million, Months After Seed Round

After bagging a $4.9 million seed round in May, live-streaming mobile video game platform Mobcrush has raised an $11 million Series A.

Vubiquity Acquisition Expands Digital Distribution

Video distribution services company Vubiquity has purchased Juice Worldwide to bolster its online video distribution capabilities.

Local Travel Increase Expected for Labor Day Weekend

Local travel is expected to increase slightly during Labor Day weekend, the Automobile Club of Southern California said Monday.

Creative Office Wave Hits Torrance

The creative office conversion craze that has swept through Santa Monica, Playa Vista and El Segundo is reaching deeper into the South Bay, if a recent sale in Torrance is any indication.

VMAs in DTLA Break Twitter Records

The MTV Video Music Awards, held Sunday night in downtown Los Angeles, was the most tweeted about television event other than the Super Bowl since records began.

Reader Poll

Would a President Trump be good for business?

Stocks Fall; Crown Media Soars, NantKwest Slips

The Dow Jones industrial average fell 115 points in Monday trading to close at 16,528. The S&P 500 fell 17 points to 1,972. The Nasdaq fell 52 points to 4,777. The LABJ Stock Index fell three points to 221.