Los Angeles Business Journal

LA TRAVEL LEISURE

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

Council Passes Hotel Wage Hike

Over strenuous objections from business groups, the Los Angeles City Council on Wednesday voted to hike the minimum wage for workers at large nonunion hotels to $15.37 an hour.

Poll: Did you ever read the print edition of the Los Angeles Register?

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.

InterContinental Will Operate New Wilshire Grand Hotel

British hospitality company InterContinental Hotels Group announced Tuesday that it would operate the hotel atop the $1.1 billion Wilshire Grand project in downtown Los Angeles.

MGM Buys Production Companies, Plans Christian Network

Beverly Hills’ Metro-Goldwyn-Mayer Studios announced on Monday it has acquired a 55 percent interest in One Three Media and LightWorkers Media, the production companies behind “Survivor” and History Channel miniseries “The Bible,” respectively.

Warner Bros. to Restructure Labor Office

Warner Bros. Entertainment announced on Monday a restructuring of the office handling the studio’s relations with trade unions and guilds.

Gov. Signs Film Tax Credit Bill

Gov. Jerry Brown on Thursday signed a bill to more than triple funding for California's film and TV tax-credit program.

$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.