Los Angeles Business Journal


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Warner Bros. International Box Office Tops $3 Billion

Warner Bros. exceeded $3 billion in international box office for the second consecutive year in 2014 as the Burbank studio benefited from large tent-pole films that drew foreign audiences.

LAX on Pace to Set Annual Passenger Record

Passenger traffic through Los Angeles International Airport dipped in November compared to the year-earlier period, but the airport is nevertheless still on pace to set a new record for its busiest year, according to figures released by Los Angeles World Airports on Friday.

'The Interview' to Hit YouTube, Google Play; Sony in Talks with Netflix

Sony Pictures Entertainment released “The Interview” online on Wednesday morning, making it available for purchase on YouTube, Google Play, Microsoft Inc.'s Xbox Video and the Sony-created website seetheinterview.com.

Sony to Release 'The Interview' After All

Sony Pictures Entertainment will be releasing controversial film “The Interview” in theaters on Christmas Day after all.

LAX Board Approves $4 Billion Train Project

The Los Angeles Board of Airport Commissioners, which oversees the Los Angeles International Airport, has approved a $4 billion project that includes building a train that will link LAX to a new Metro rail station nearby.

Sony Cancels Release of ‘The Interview’ After Hacker Threats

Sony Pictures officially decided on Wednesday not to release the film “The Interview” in theaters on Christmas Day, the Culver City studio said in a statement.

Hotel Industry Sues L.A. over Minimum Wage Law

Hotel industry groups on Tuesday sued the city of Los Angeles in federal court over the city’s enactment of a minimum wage ordinance requiring large non-union hotels to pay their workers $15.37 an hour.

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Ace in the Hole? Downtown Hotel Listed for Sale

Less than a year after opening its doors, the Ace Hotel Los Angeles in downtown L.A.’s Broadway Theater District is on the market.

Game Version Takes ‘Sons of Anarchy’ Mobile

A mobile game based on hit TV biker drama “Sons of Anarchy” is in revving up for release.

DreamWorks to Launch TV Channels in 19 Asian Countries

DreamWorks Animation Inc. plans to launch a TV channel in 19 Asian countries next year, the Glendale studio announced.

Could Carson be Home of NFL Stadium?

The Los Angeles area already has three potential sites for an NFL football stadium. But now, there appears to be a fourth.

Robb Report, the Rich Man’s Bible, Acquired by Detroit Firm

Detroit private equity firm Rockbridge Growth Equity announced on Wednesday that it has acquired Malibu’s Robb Report, the luxury lifestyle magazine that serves as a consumer bible for the uber-rich.

Warner Bros. to Lay Off 152 Employees

Warner Bros. Entertainment will lay off 152 employees in January as part of previously announced cutbacks amid pressure by parent Time Warner Inc. to reduce expenses.

Lions Gate Rises on News of Wanda Talks

Chinese conglomerate Dalian Wanda Group Co., one of the biggest theater owners in the United States, is in talks to acquire a stake in Santa Monica independent studio Lions Gate Entertainment Corp., Wang Jianlin, the Beijing company’s chairman said. Shares of Lions Gate rose 3 percent on the news.

DreamWorks Plunges After 'Penguins' Disappoints

Shares in DreamWorks Animation Inc. fell more than 5 percent on Monday, reflecting the weak box office results for “Penguins of Madagascar ” – which could become the latest bomb for the struggling studio unless ticket sales pick up.