Los Angeles Business Journal

LA TRAVEL LEISURE

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

Earnings: Health Net, Live Nation, Activision, PennyMac

Shares jumped Wednesday for Health Net, Live Nation Entertainment, and Activision Blizzard after the companies reported better-than-expected first quarter results. PennyMac Mortgage Investment Trust struggled, but affiliate PennyMac Financial Services met analyst expectations.

Currency Change Hurts DirecTV’s Quarter

DirecTV on Tuesday said that its first-quarter profit fell 19 percent largely because of currency fluctuations in part of its key Latin American market. Adjusted net income did beat analysts’ expectations, however.

Higher Profit at Disney

Walt Disney Co. beat analyst estimates in the second quarter on Monday, buoyed by strong home entertainment sales and the box office of its animated hit, “Frozen.”

Three L.A. Agencies Claim Ad Industry Awards

Ad agencies Deutsch LA, CAA Marketing and North Kingdom might go head-to-head when competing for new clients, but last week they celebrated with wins at the 50th Annual International Andy Awards in New York.

CrowdGather Buys Boston Social-Gaming Firm

CrowdGather Inc., a Woodland Hills operator of online forums, on Monday said that it has acquired a social-gaming company for $5 million.

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Waiting Rooms

Hoteliers’ plans hinge on NFL stadium project

Downtown Los Angeles could score more hotel rooms if a plan for a pro football stadium fails to pan out.

Earnings: Superior Industries, Crown Media, Molina Healthcare

Superior Industries International Inc. matched analysts’ net income estimates for the first quarter but just missed on revenue. Crown Media Holdings Inc. reported a drop in net income for the first quarter despite rising ratings and advertising rates. Molina Healthcare reported a profit for the quarter when analyst were expecting a loss.

NBA Bans Sterling; Local Interest in Clippers High

Los Angeles Clippers owner Donald Sterling was banned from any involvement in the National Basketball Association for the rest of his life and could also be forced to sell his team, NBA Commissioner Adam Silver announced Tuesday.

DreamWorks Loss Wider Than Expected

Box office turkey “Mr. Peabody and Sherman” contributed to DreamWorks Animation SKG Inc. reporting a much wider first quarter loss than analysts expected on Tuesday.

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Super Risky?

Show looks to ride cape of Marvel movies

Co-producers of comic book-based traveling show Marvel Experience are betting on a super-size response.

Mattel Makes Barbie Film Deal With Sony

Sony Pictures Entertainment and toymaker Mattel Inc. on Wednesday announced a deal to bring the El Segundo toymaker's Barbie doll to life in a comedy film.

Warner Bros. Recruits Ex-Clinton Official

Political analyst and former Clinton White House press secretary Dee Dee Myers has been named as the head of worldwide corporate communications at Warner Bros., the company announced Wednesday.

On-Location Filming Stays Steady in L.A.

On-location production remained flat in the first quarter despite evidence that the state’s tax credit program is keeping more production in the Los Angeles region.

Lions Gate Makes Partnership with RocketJump

Lions Gate Entertainment Corp. on Monday announced a multi-year partnership with Freddie Wong's popular YouTube content producer RocketJump Studios.

Maker's Deal With Disney to Proceed

The board of directors and shareholders of Maker Studios have approved its acquisition by Walt Disney Co. despite a counter-offer made public Monday for the Culver City media company.