Los Angeles Business Journal


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

Disney Opens Behemoth Shanghai Store

The biggest Walt Disney Co. store in the world isn’t at the company’s landmark Disneyland theme park in Anaheim or its sprawling Disney World resort in Florida: It’s in Shanghai’s financial district.

TV Shows Tune In to Tax Credits

TV shows are rushing to take advantage of expanded tax credits for filming in California.

Soccer Club Heads for USC

L.A.’s new soccer franchise plans to build a new stadium at the site of the Los Angeles Memorial Sports Arena near USC, team officials announce Monday.

Daily News No Longer For Sale

Digital First Media, owner of the Los Angeles Daily News and other local dailies, has taken itself off the market and its chief executive is stepping down, according to a memo sent Thursday to employees.

Iger Sells Disney Shares Valued at $21.7 Million

Walt Disney Co. Chief Executive Robert Iger gave himself a big pay day this week as he sold off 200,000 shares in the Burbank company valued at $21.7 million.

‘Live Nation Music Awards’ to Debut This Fall

Another music awards show? Yes, entertainment giant Live Nation Entertainment Inc. is teaming up with talent and marketing agency IMG Worldwide and Santa Monica’s Dick Clark Productions for a new “Live Nation Music Awards.”

AT&T Says Hello To Hulu

AT&T Inc. has reached a deal to provide its customers with access to popular streaming service Hulu starting later this year.

Report: Regulators Likely to OK AT&T-DirecTV Deal

AT&T’s proposed $49 billion purchase of El Segundo satellite TV giant DirecTV likely won’t be blocked by federal regulators, according to unnamed sources cited by the Wall Street Journal.

Appeals Court Tosses FCC Request for Programming Contracts

In a move that could impact AT&T Inc.’s proposed acquisition of El Segundo satellite TV giant DirecTV, a Federal Appeals Court on Friday threw out a request by the Federal Communications Commission that media companies disclose their programming deals with cable television providers.

Interactive Nintendo Rides Coming to Universal Studios

Universal Parks & Resorts is partnering with Japanese video game company Nintendo Co. Ltd. to build interactive rides at its theme parks.

L.A. Times Owner Buys San Diego Paper

Los Angeles Times owner Tribune Publishing has expanded its reach in Southern California with an $85 million purchase of San Diego’s flagship newspaper.

Sumner Redstone Addresses Succession, Sort Of

With his 92nd birthday approaching on May 27, entertainment titan Sumner Redstone has issued a statement about his succession plan – and it says he hasn’t made one.

Netflix to FCC: AT&T-DirecTV Deal Could Prevent ‘Cord-Cutting’

Netflix does not want the Federal Communications Commission to approve AT&T’s proposed purchase of El Segundo-based satellite TV giant DirecTV unless changes are made to the merger.

Earnings: Disney, Herbalife Beat Street

Walt Disney Co. on Tuesday beat Wall Street earnings forecasts for its fiscal second quarter as it benefited from strong advertising sales and the continuing popularity of merchandise from the film “Frozen.”

L.A. Tourism Breaks Records in 2014

Last year was a record-setter for L.A. tourism, with 2014 breaking previous records for the number of visitors, visitor spending, hotel occupancy and number of rooms sold in the county, the Los Angeles Tourism & Convention Board announced Tuesday.