Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

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.

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Tronc Reports 20 Percent Jump in Second-Quarter Net Income

In its first earnings call since launching as tronc the rebranded Chicago owner of the Los Angeles Times reported a nearly 20 percent jump in second-quarter net income on Wednesday, with expansive cost-cutting efforts to thank as the media giant looks to its digital future.

BNSF Seeks to Overturn Judge’s Decision to Halt Rail Yard’s Expansion

BNSF Railway Co. said yesterday it will appeal a judge’s decision against the company’s $500 million project to expand a rail yard at the Port of Los Angeles.

U.S. EPA Fines Two Local Operations for Hazardous Waste Storage Violations

The U.S. Environmental Protection Agency on Wednesday announced settlements with two Southern California facilities for improper handling of hazardous waste.

Silicon Beach Report Aug. 2: Instagram Copies Snapchat Stories

Instagram copies Snapchat Stories, RealD signs deal with China’s Wanda Cinema Line, Funny or Die cuts impact nearly a third of staff, and more.

Oprah Production Benefits from New Film and Television Tax Credits

Oprah Winfrey’s upcoming Disney film is among the 28 beneficiaries named in the latest round of California’s Film and Television tax credits, which were announced Tuesday by the California Film Commission.

Funny Or Die Cuts Impact Nearly A Third of Staff

Comedy website Funny Or Die is laying off 37 of its staffers and closing its San Mateo office as it refocuses its resources on creating content.