Los Angeles Business Journal


Oksana Purchases Music School

Oksana Kolesnikova, the founder and chief executive of the Oksana School of Music & Art in Beverly Hills, has added a jewel to her crown with the recent purchase of Rancho Palos Verdes’ European School of Music & Art.

Lionsgate Fattens Up on ‘Hunger Games’ Finale

The final installment of the blockbuster “Hunger Games” opens at the box office this weekend, closing an era for Santa Monica’s Lionsgate Entertainment. According to the Los Angeles Times, the studio is expecting to gross $120 million in the United States and Canada through Sunday, in what would be one of the biggest openings of the year after “Jurassic World,” “Avengers: Age of Ultron” and “Furious 7.”

Feds Indict Sylmar Supplement Maker Vibrant Life

The Justice Department filed criminal charges against Sylmar-based supplement maker Vibrant Life on Tuesday.

B. Riley Offers $185 Million for United Online

B. Riley Capital Management in Los Angeles proposed Wednesday to purchase all of United Online Inc.’s outstanding shares for $12.50 each, or a total of $185 million.

Will Weinstein Co. Be Sold? To Burkle?

The Weinstein Co. confirmed earlier this week it will lay off 40 to 50 of its 215 employees, including some in the studio’s Los Angeles office, but now the Weinstein brothers may be considering selling all or part of the company, according to sources, the Hollywood Reporter says.

SpaceX Poised to Win Government Contract

SpaceX appears is position to win its first contract for a military satellite launch after its main competitor declined to submit a bid. The Washington Post has reported that United Launch Alliance, SpaceX’s rival, would not bid on the contract to send Pentagon satellites into space, ending a period of near total dominance of national security launches for the company.

County to Crack Down on Minimum Wage Employers

Los Angeles County Supervisors voted Tuesday to set up a new division to enforce the new minimum wage law, the Los Angeles Times reports.

Short on Cash Again, Virtual Piggy Hires New Chief

Beleaguered online payment platform Virtual Piggy Inc. has named former PayPal mid-level executive Käthe Anchel as its chief executive.

Markets Mixed

The Dow Jones industrial average rose 6 points in Tuesday trading to close at 17,489. The S&P 500 fell 3 points to 2,050. The Nasdaq rose 1 point to 4,986. The LABJ Stock Index rose 2 points to 237.

United Online Gets Unsolicited Buyout Offer

Los Angeles investment firm B. Riley Capital Management has proposed to purchase all of United Online Inc.’s outstanding shares, which the Internet company acknowledged on Monday.

Another TrueCar Exec to Leave

Larry Dominique, executive vice president of industry solutions at TrueCar, is leaving at the end of the year in the latest executive departure from the online shopping site, Automotive News reports.

Ending Gridlock: Reason Proposes ‘Mobility Plan’

The Reason Foundation wants to help improve traffic congestion in Los Angeles and Wednesday announced a plan toward that effort.

Report: L.A. Small Businesses Hopeful, but Still Cautious

Los Angeles small business owners are optimistic about revenue growth, but have concerns over the impact of minimum wage hikes, according to the 2015 Bank of America Small Business Owner Report release Tuesday.

Haggen Store Sales Get Green Light

Gelson’s Markets and Smart & Final Stores are making good on plans to expand their Los Angeles footprint by sweeping up stores from bankrupt grocer Haggen.

Forbes: L.A. Has Four of the Most Expensive Zip Codes

The gateway to the Pacific has launched dreams made of silicon and stardust, but it’s not cheap to live where the continent ends.

Whole Foods Selling Jell-O Shots

Whole Foods is now selling Jell-O shots. Ludlow's Cocktail Co., a New York and Los Angeles-based craft cocktail shot business, is teaming up with Whole Foods to sell Fresh Lime Margarita and Moscow Mule shots in a variety of stores around Los Angeles, Bustle reports.

L.A. Tech Events Calendar: Nov. 16 – Nov. 29

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

Leiweke and Azoff Launch L.A. Company

Tim Leiweke, the former chief executive of Anschutz Entertainment Group, has joined forces with powerhouse music manager Irving Azoff to launch the Oak View Group, a Los Angeles advisory and development company that will focus on helping arenas and independent venues find new revenue sources.

Daily News Eying O.C. Register

The Los Angeles Times’ owner may be joined by the Daily News’ owner as bidders for the Orange County Register.

Force is With L.A. Port as ‘Star Wars’ Toys Arrive

Move over dolls, stuffed reindeer and snowmen: it’s galactic warrior helmets and light sabers that are going to boost imported toy volumes at the Port of Los Angeles this year, according to trade economists.