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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.
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.
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.
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.
FITNESS: Sale of UFC to WME/IMG may boost franchising.
The purchase of Ultimate Fighting Championship by WME/IMG may boost the prospects for franchisees of its branded gyms.
Foray into hybrid live-action series, a first for firm, makes its debut at Comic-Con.
Hollywood animation studio Titmouse is generating buzz for its forthcoming Fox sitcom “Son of Zorn.”
Norman Lear, 94, is still at it, producing a new version of an old hit, hosting shows, and worrying about Trump
Legendary TV producer Norman Lear talks updating a classic show, creating provocative content, and his fear of Donald Trump.
American Olympians, young Angelenos benefit from ’84 event
The financial legacy of the 1984 Olympic Games in Los Angeles lives on as local leaders continue their effort to secure the 2024 summer games.
BROADCASTING: KNBC has doubled the size of its team covering Rio games.
KNBC is doubling down on its coverage of the Summer Olympics as ad dollars help bring home the gold.
FILM: Warner Bros.’ anti- heroes expected to break summer ticket sale record.
Star-studded supervillain movie “Suicide Squad” looks set to save the summer box office by opening to record numbers this weekend.
HOSPITALITY: Collector revives memorabilia venue after seven-year hiatus.
As the Dodgers mire through the dog days of summer, sports collector Gary Cypres is trying to ignite a passion for baseball among younger generations.
Mobile game producer and distributor Scopely has closed a $55 million Series B funding round, bringing its total equity funding to $99 million.
Mattel Inc. is ready to believe in the new “Ghostbusters.” On Friday, the El Segundo-based toymaker reported strong sales figures that have “exceeded expectations” for its “Ghostbusters” action figures and movie-inspired replica items such as the Ecto vehicle and the Proton pack. The announcement was originally reported by Variety.
MARKETING: Index sees sites as major attractions for toy sales.
Index Promotions looks to ride the theme park boom into more custom merchandise orders.
INVESTMENT: Entravision hits No. 1 on list of most profitable.
Spanish-language radio and TV broadcaster Entravision dialed up its performance to top the Business Journal’s list of most profitable public companies.