Los Angeles Business Journal

LA BUSINESS JOURNAL DAILY NEWS

Deluxe Sells Its Ad Management Software Unit

Deluxe Entertainment Services Group of Burbank has sold off its AdServices unit, which develops television content management software, to London’s Adstream.

RadPad Adds Short-Term Rentals

Apartment listing service RadPad Inc. has added short-term apartment rentals to its platform.

Pasadena Paves Pathway to $15 Minimum Wage

After a long night of deliberation among members of the Pasadena City Council, Pasadena early Tuesday became the fifth city in Los Angeles County to raise its minimum wage.

Long Beach Businesses Push Back On Minimum Wage

The Long Beach Business Journal reported Monday that businesses there are critical of the Long Beach City Council’s decision to raise the minimum wage to $13 an hour by 2019 with an eventual pathway to $15 an hour by 2021.

Universal Studios Hollywood Unveils 'Demand Pricing'

If you want to be among the first to experience the Wizarding World of Harry Potter attraction at Universal Studios Hollywood, you may want to familiarize yourself with its new pricing structure.

AMC, Lionsgate Take Gaming Interests to ‘Next’ Level

AMC Networks and Lionsgate were among existing investors that put a combined total of $10 million into Next Games, a Finnish game maker, according to The Los Angeles Times on Tuesday.

LAX Won’t Ever Be a Hub

Despite the terminal renovations and flight expansions, Bloomberg reported Tuesday that it would be unlikely that LAX will ever be a true airline “fortress hub” like Atlanta, Dallas-Fort Worth, or Newark, N.J., in which a single airline can command as much as 75 percent of the traffic.

Stocks Down

The Dow Jones industrial average fell 296 points in Tuesday trading to close at 16,154. The S&P fell 36 points to close at 1,903. The Nasdaq fell 103 points to 4,517. The LABJ Stock Index fell 3 points to 213.

Beacher in Talks to Buy, Transform, Playboy Mansion

Jeff Beacher, the creator of the Beacher’s Madhouse theater venues at the MGM Grand Hotel and Resort in Las Vegas and the Hollywood Roosevelt Hotel in Hollywood, is setting his sights on the Playboy Mansion for his newest and most exclusive showplace.

Atom Tickets Raises $50 Million from Studios

Movie ticket app Atom Tickets of Santa Monica has raised a $50 million Series B round from investors, including Lionsgate, Walt Disney Co. and Twentieth Century Fox.

L.A. Tech Calendar: Feb. 1 – Feb. 21

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

Fandango Buys Video-Streaming Platform

Online movie ticket seller Fandango announced that it acquired Culver City video-streaming service MediaNaviCo, known as M-Go, late on Friday.

Relativity Has Day in Court With Assist From Kevin Spacey

Beverly Hills film and television studio Relativity Media, which declared bankruptcy last year, faced a court hearing in New York Monday as it worked to regain its financial footing. Variety reported that Relativity Media on Monday revealed that the company raised just $20 million of the $100 million that it had said it needed to emerge from Chapter 11 bankruptcy.

Santa Monica Appeals Ruling to Keep Airport Open

The Aviation International News reported Monday that the city of Santa Monica has appealed the Federal Aviation Administration’s December determination that requires the city to keep the historic airport open at least through 2023.

IOC Gives L.A. Its First Olympic Trial

Thomas Bach, president of the International Olympic Committee, is in Los Angeles to visit proposed venues for the 2024 Olympic Games, KCBS (Channel 2) reported Monday morning.

Company Owners Sentenced In Fraud Scheme

The owners and operators of a medical equipment supply company in Long Beach were sentenced Friday for their roles in a $1.5 million Medicare fraud scheme, the Justice Department announced Saturday on its web site.

JetBlue to Launch Flight to Buffalo

JetBlue on Monday announced it is launching non-stop flights between Buffalo, N.Y. and Los Angeles. The new service begins June 16 and will operate year-round.

Stocks Mostly Down

The Dow Jones industrial average fell 17 points in Monday trading to close at 16,449. The S&P fell 1 point to close at 1,939. The Nasdaq rose 7 points to close at 4,287. The LABJ Stock Index fell 1 point to close at 216.

Tease photo

Dov Charney Refuses to Fold

CLOTHING: Founder to start rival to American Apparel?

Dov Charney and his backers look to stitch together a future in fashion for the founder of American Apparel.

Chargers Will Stay in San Diego – For Now

The Chargers will not be joining the Rams in Los Angeles after all – at least not yet. Dean Spanos, owner and chairman of the San Diego NFL team, announced Friday that the Chargers will play in San Diego next season.