Los Angeles Business Journal


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

Clippers Ink Sponsorship Deal with American Airlines

The Los Angeles Clippers and American Airlines are planning to announce a major, multi-year agreement on Friday, marking one of the largest corporate partnerships in the team’s history.

Air China to Add Third Daily L.A.-Beijing Flight

Beijing airline Air China Ltd. will increase its nonstop service between Beijing and Los Angeles by adding a third daily nonstop flight each way, airline representatives announced Thursday.

Air China Likely to Expand LAX Service

Beijing-based airline Air China Ltd. on Thursday will announced changes to its nonstop service between Beijing and Los Angeles – likely the addition of more flights – at a press conference that will be attended by Los Angeles Mayor Eric Garcetti.

State Film Commission Targets New TV Productions

A flood of new TV shows could be filmed in Los Angeles this summer under new incentives being rushed through by the California Film Commission.

Council Rejects Live Nation’s Bid for Greek Theatre

The battle for control of the Greek Theatre took a new twist today when the Los Angeles City Council rejected a recommendation for entertainment giant Live Nation to assume control of the iconic venue.

Airport Authority Pushes for New Burbank Airport Terminal

The Burbank-Glendale-Pasadena Airport Authority Commission is aggressively trying to jump start plans this month to build a new terminal at Burbank Bob Hope Airport.

Credits Roll on Gigapix Movie Scam as Two Are Sentenced

Two L.A. men who led a scheme to defraud hundreds of investors in a company called Gigapix Studios were sentenced on Monday, receiving up to eight years in federal prison.

Vivendi May Sell Remaining $856 Million Stake in Activision

Santa Monica video game publisher Activision Blizzard Inc. said in a regulatory filing today that Vivendi, its former French owner, may now sell its remaining $856 million stake in the company.

Disney Names Staggs COO, Potential Iger Successor

Studio veteran Thomas Staggs was named Thursday as chief operating officer at Walt Disney Co. – a promotion that puts him in line to succeed Robert Iger as the next leader of the Burbank media and entertainment giant.

Sony Studio Chief Steps Down

Sony Pictures co-chair Amy Pascal is stepping down in the wake of the hack attack on the studio that became a global incident. She will remain on the studio’s Culver City lot to start her own production company, which is to be financed by Sony.

Disney Shares Hit All-Time High

Shares in Walt Disney Co. hit a new all-time high Wednesday, the day after the reporting strong quarterly earnings.

Hotel Manager Warnick Merges with CHM

Century City hotel management firm Warnick + Co. has merged with competitor CHM of Beverly, Mass., to form CHMWarnick, the companies announced Tuesday. The combined company has a client portfolio of 54 properties with 23,000 rooms, representing roughly $8 billion in hotel assets.

OpenGate Portfolio Company PennySaver USA Cuts Distribution

Brea discount mailer company PennySaver USA, a portfolio company of Century City private equity firm OpenGate Capital, announced Monday that it would cease distribution to several areas, mainly in Northern California’s East Bay and South Bay regions.

Disney Earnings Beat Estimates

The financial bonanza to Walt Disney Co. from its blockbuster animated hit “Frozen” appears not to be melting anytime soon.

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Airport Exec Lindsey to Retire

Gina Marie Lindsey, who’s led Los Angeles World Airports for nearly eight years as executive director, said she will retire this spring "to move on to other adventures."