Los Angeles Business Journal


Recent and archived news stories on: Airports, Cruises, Entertainment, Hotels, Gaming, Restaurants, Sports, Sightseeing, Theme Parks...

$508 Million Redevelopment Kicks Off at LAX

Southwest Airlines on Tuesday kicked off the $508 million redevelopment of Terminal 1 at Los Angeles International Airport, a modernization project expected to bring in 1,500 construction jobs, Los Angeles Mayor Eric Garcetti said at a groundbreaking ceremony.

Tribune Co. Buys Stake in Contend

Tribune Publishing Co., parent company of the Los Angeles Times, has invested in downtown L.A. content creator Contend and will partner with the company to create branded campaigns for Tribune advertisers. Terms of the deal were not disclosed.

Daily News Could Be Sold

The Los Angeles Daily News is among the newspapers that could be sold as parent company Digital First Media said Friday it was reviewing strategic alternatives for its business.

Ex-Banker Austin Beutner Turns Page as Times Chief

Austin Beutner is an accomplished guy, what with being a co-founder of a successful investment bank and deputy mayor in Los Angeles. But since he has no experience in the news business, why did he take the top job at the Los Angeles Times?

Poll: Do you believe Austin Beutner, a former venture capitalist and deputy mayor, can revive the Los Angeles Times?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition.

Activision’s Destiny Makes $500 Million in First Day

The online science fiction shooter game Destiny made more than $500 million in sales on Tuesday, the first day it was released, according to Santa Monica videogame publisher Activision Blizzard Inc., which published the game in conjunction with Bungie Inc., the studio that created the Halo game for Xbox.

KCET and KLCS to Auction Off Spectrum

Burbank public television station KCET has entered into a partnership with public educational station KLCS to auction off unused spectrum and share a single over-the-air broadcast channel.

DreamWorks, Disney and Sony Hit With Class Action Suit

DreamWorks Animation, Walt Disney Co. and Sony Pictures Animation are among a handful of animation studios named in a class action lawsuit alleging they conspired to suppress the wages of visual effects workers by agreeing not to hire from each other.

Activision Blizzard Inc. Upgraded by Moody’s

Moody’s Investors Service upgraded Santa Monica videogame publisher Activision Blizzard Inc.’s credit rating from “stable” to “positive” on Monday, saying the company’s outlook had improved and that the launch of new game franchise Destiny would add to its revenue.

Fire Damages Magic Mountain Coaster

A fire broke out Monday afternoon at Six Flags Magic Mountain’s closed Colossus wooden coaster, which is set to be transformed next year into a hybrid wooden-metal coaster.

Heck Art Studios Will Premiere Indie Films on DirecTV

Heck Art Studios in Beverly Hills announced Wednesday that it had signed a five-year output agreement with El Segundo’s DirecTV to premiere films that will run exclusively on the platform weeks before their theatrical release.

Buyouts and Layoffs Loom at Warner Bros.

Warner Bros. Entertainment is looking to cut an unspecified number of staff by offering buyouts, according to media reports on Wednesday.

Deal Gives Live Nation Foothold in Philippines

Live Nation Entertainment Inc. announced a partnership on Tuesday with Music Management International Corp. that will allow the Beverly Hills company to promote concerts in the Philippines.

Disney Files Three Drone Patents

Walt Disney Co. has filed three patents to use unmanned aircraft in entertainment productions at its theme parks.

KFWB Newstalk Format Ends Early

KFWB-AM (980) is ending its newstalk format a week earlier than planned.