Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Pulitzer Winner Levels Labor Charges at Former L.A. Times Bosses

Pulitzer Prize-winning reporter Jeff Gottlieb sued the Los Angeles Times on Tuesday, claiming he resigned from the company due to “intolerable working conditions.”

L.A. Real Estate Companies Post Solid Quarterly Earnings

Ares Management revenue jumped to $304 million, Colony Capital Inc. had solid quarter ahead of merger, Aecom rebounded with earnings, and Jacobs Engineering Group Inc. held steady with revenue.

Silicon Beach Report Aug. 9: Walt Disney to Acquire Stake in MLB Streaming Platform for $1B

Walt Disney to acquire stake in MLB streaming platform for $1 billion, SpaceX Ships rocket to Texas for preliminary testing, West Hollywood’s Opinit acquired by Canadian app developer, and more.

Walt Disney to Acquire Stake in MLB Streaming Platform for $1B

Walt Disney Co. will acquire a 33 percent stake in Major League Baseball’s video streaming company, BamTech, for $1 billion.

West Hollywood’s Opinit Acquired by Canadian App Developer

West Hollywood social media curation service Opinit has agreed to be acquired by Canadian app developer Fundamental Applications Corp.

Delta’s System Failure Triggers Cancellations and Delays

Delta Air Lines Inc. said Monday it canceled hundreds of flights and delayed thousands of others due to a computer power outage.

Silicon Beach Report Aug. 8: Hulu Ends Free Viewing

Google buys Orbitera for reported $100 million, Hulu ends free viewing, shows based on 'The Voice,' 'SNL' coming to Snapchat, and more.

Hulu Ends Free Viewing

In a move to align itself with its paid-subscription rivals, such as Netflix and Amazon Prime, television-streaming service Hulu of Santa Monica has ended its free-to-view streaming service.

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Walt Disney Imagineering Makes Cuts Post-Shanghai Opening

At a company where ‘magic’ reigns supreme, some of Walt Disney Co.’s most valuable employees may have just received pink slips.

Silicon Beach Report Aug. 5: Facebook Launches Snapchat-Like Camera

Facebook launches Snapchat-like camera, Wave VR raises to $2.5 million, Disney Channel launches short-form movies online, and more.

Movers for Week Ending August 5, 2016

Monrovia-based surgical company STAAR Surgical was this week’s biggest mover, gaining 24 percent to end at $8.48. PennyMac loan services of Westlake Village was also among the week’s movers. The financial services company gained 21 percent to end at $15.26. Los Angeles-based online advertising technology firm Rubicon Project was this week’s biggest loser, dropping 31 percent to end at $9.69.

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What To Watch This Weekend: 'Suicide Squad' and 'Nine Lives'

A look at the plots of this weekend's big new movie releases from a business perspective.

LACMA Launches New Website to Chronicle Museum Makeover

The Los Angeles County Museum of Art (LACMA) launched a new website on Thursday in an effort to publicly chronicle the upcoming $600 million makeover of the Wilshire Boulevard museum. The launch of BuildingLACMA.com also marked the start of the public review portion of the project, as L.A. County moves forward with a draft Environmental Impact Report preceding construction.

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Offices Created In Arts District

REAL ESTATE: Developers tap hipster haven for projects.

Developers hope downtown’s blossoming Arts District works as a home for office properties.

‘Experiment’ Bites Alt Food CEO

It’s all well and good to think outside the box, but when your box becomes a neighborhood blight it’s time to get conventional.

Strike Likely Averted as Grocery Workers Reach Deal

Union officials for local grocery workers announced Thursday afternoon that they had reached a tentative contract deal with Ralphs, Vons and Albertson’s supermarkets, likely averting a strike that could have begun next week. The deal is subject to a vote of rank-and-file union workers on Monday.

Silicon Beach Report Aug. 4: Disney Launches Kid-Safe Messaging App

Disney launches kid-safe messaging app, advertisers warming up to Snapchat, and Gwyneth Paltrow and Will.i.am join Apple's TV Show.

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Viacom’s Paramount-Led Film Unit Drives Strong Quarterly Earnings

Viacom Inc.’s Paramount Pictures-led film division helped the embattled company beat analyst expectations for its fiscal third quarter, the company announced Thursday. Quarterly revenues of $3.11 billion, up 1.6 percent from last year, beat Wall Street’s expected $3.01 billion.

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Santa Monica Retail Site on Wilshire Sells for $16 Million

Across from the acclaimed Melisse restaurant on Wilshire Boulevard in Santa Monica, a 23,500-square-foot property just traded hands for $16 million, or about $680 a square foot.

Silicon Beach Report Aug. 3: Machinima Coming to Amazon Prime

Sensay raises $4.5 million, Time Warner purchases 10 percent of Hulu, Machinima coming to Amazon Prime, and more.