Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Snapchat Signs Advertising Deal with Viacom

Snapchat has signed a multiyear deal to allow Viacom Inc. to sell advertisements on its app.

Disney Accelerator Parts Ways With Techstars

Walt Disney Co. of Burbank has parted ways with Techstars, the company running its accelerator program, reports the L.A. Times.

Dauman On The Defensive

New Viacom Inc. Chairman Philippe Dauman is already on the defensive after the media company fell short of revenue expectations for the fifth quarter in a row.

Top Silicon Beach Venture Capitalist Warns of ‘Bloodbath’

Mark Suster, a partner at L.A.’s largest venture capital firm, Upfront Ventures in Santa Monica, has warned that a major correction could be coming to the tech financing market.

Hasbro Chief Coy on Mattel Speculation

Following fourth quarter profits bolstered by sales of “Star Wars” toys, Hasbro Chief Executive Brian Goldner said he would be open to future deals, but would not comment specifically about recent speculation over prospective merger talks between his company and El Segundo toy giant Mattel Inc.

Happy Birthday Song Enters Public Domain

Warner Music Group and others who fought to hold the copyright on “Happy Birthday to You” – listed by the Guinness Book of World Records as the most recognized song in the English language - have given up their claims to the song.

Marijuana Company Turns Over New Leaf

A pioneer of the medical marijuana industry has been appointed to the advisory board of Santa Monica’s Marijuana Company of America, CNN Money reports.

Stocks Mostly Down

The Dow Jones industrial average fell 13 points in Tuesday trading to close at 16,014. The S&P 500 fell 1 point to 1,852. The Nasdaq fell 15 points to 4,269. The LABJ Stock Index remained at 204.

Gas-Leak Refugees Get Some Relief

Southern California Gas Co. announced Monday it has reached a new agreement with the city to extend the time allotted for displaced Porter Ranch residents to return home once the Aliso Canyon gas leak has been resolved.

Interest in Imagine Entertainment ‘Raines’ Supreme

Imagine Entertainment, anchored by Hollywood heavyweights Brian Grazer and Ron Howard, announced Monday that it has received a significant investment from the merchant bank the Raine Group.

Dollar Shave Club and Honest Co. Run Super Bowl Ads

Online retailers Dollar Shave Club and Honest Co. ran their first Super Bowl advertisements on Sunday, signifying a major push to expand each company’s brand. The Super Bowl commercials come as both companies aim to be better known among consumers and perhaps retail investors.

CBS CEO Moonves Eyes Digital Programming

CBS Corp. Chief Executive Leslie Moonves, who last week also became executive chairman, is using his expanded influence at the network to build a greater presence in the digital television realm, Reuters reported Monday.

Pop-Up Park in the Middle of DTLA Street?

In an effort to bring more green space to Downtown L.A.’s concrete jungle, the South Park Business Improvement District is working on plans to create a temporary park in the median of Hope Street.

Zirx Loses Consumer Parking

On-demand parking service Zirx is pulling out of its on-demand, consumer parking business, which it launched in Los Angeles in November 2014.

Crystal Cruises to Reuse Old Ocean Liner

The New York Times reported Monday that Crystal Cruises in Century City has announced plans to convert the SS United States, a historic ocean liner from the Cold War era, into a cruise ship called the United States by Crystal Cruises.

Stocks Down

The Dow Jones industrial average fell 178 points to close at 16,027 in Monday trading. The S&P 500 fell 27 points to 1,853. The Nasdaq fell 79 points to 4,283. The LABJ Stock Index fell 4 points to 204.

Dollar Shave Club and Honest Co. Run Super Bowl Ads

Online retailers Dollar Shave Club and Honest Co. ran their first Super Bowl advertisements on Sunday, signifying a major push to expand each company’s brand.

L.A. Tech Events Calendar: Feb. 8 - 21

Roundup of L.A. tech events in the next two weeks.

Pat Haden to Step Down as USC Athletic Director

USC athletic director Pat Haden will step down from his post June 30, according to a statement Friday from the university.

Silicon Beach Launch List: Feb. 5

A weekly roundup of L.A. tech company and product launches.