Los Angeles Business Journal

LA TRAVEL LEISURE

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

Department of Justice Questions Tribune’s Bid For ‘Freedom’

Tribune Publishing, owner of the Los Angeles Times and other newspapers, walked away from a heated auction session as the winning bidder of Freedom Communications, parent company of the Orange County Register and the Press-Enterprise with a $56 million cash bid.

MGM Taps Burnett to Head TV, Digital Unit

Mark Burnett, a well-known television producer, has been named president of Metro-Goldwyn-Mayer Inc.’s television and digital unit, the Wall Street Journal reports.

American to Fly Nonstop to Jamaica

Just in time for holiday trips, American Airlines Group Inc. will debut nonstop service to Jamaica’s Sangster International Airport in Montego Bay from Los Angeles International Airport starting Friday.

Rolling Out the Red Carpet for ‘Star Wars’

The big Hollywood premiere of Walt Disney Co.’s “Star Wars: The Force Awakens” is just hours away with some predicting it could be bigger than the Academy Awards, LAist reports.

Disney Invests Another $200 Million in Vice Media

Walt Disney Co. of Burbank has invested another $200 million into Vice Media Inc., on top of the $200 million it invested last month, reports the Wall Street Journal.

MGM Leads Investment in Interlude

Metro-Goldwyn-Mayer Inc. has raised $18.2 million from investors, including Warner Music Group, Samsung Electronics Co., Menlo Park's Sequoia Capital and Santa Clara’s Intel Capital, to fund New York interactive media startup Interlude, the Hollywood Reporter says.

Redstone Does Have Succession Plan

Despite recent reports to the contrary, Sumner Redstone, who is chairman of both Viacom Inc. and CBS Corp., has a succession plan in place, according to Viacom Chief Executive Philippe Dauman, the Los Angeles Times reports. Dauman said that Redstone, 92, has established a trust to be overseen by seven trustees, including two of his family members and Dauman, once Redstone dies or is found to be mentally incompetent.

Saban’s Univision Postpones IPO

Univision Communications Inc., the Spanish-language media company owned by Los Angeles billionaire Haim Saban, has postponed plans for a 2015 initial public offering due to the disappointing performance of media-company stocks and a sluggish market for first-time share sales, according to the Wall Street Journal.

What to Watch this Weekend

Entertainment reporter Sandro Monetti’s business take on this weekend’s new movie releases.

LeBron James’s Company Gets Warner Investment

NBA star LeBron James’s new multimedia company, Uninterrupted, has secured a $15.8 million investment from Warner Bros. Entertainment and Turner Sports, the Hollywood Reporter says.

What to Watch This Weekend

Entertainment reporter Sandro Monetti’s business take on this weekend’s new movie releases.

Big Expectations for ‘Star Wars’

There are already predictions that “Star Wars: The Force Awakens,” a Walt Disney Studios and Lucasfilm production which is directed by J.J. Abrams, could have the biggest domestic opening in history when it is released nationwide Dec. 18, the Hollywood Reporter says.

What to Watch This Weekend

Entertainment reporter Sandro Monetti’s business take on this weekend’s new movie releases.

What to Watch this Weekend

Entertainment reporter Sandro Monetti’s business take on this weekend’s new movie releases.

What to Watch this Weekend

Entertainment reporter Sandro Monetti’s business take on this weekend’s new movie releases.