Los Angeles Business Journal


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

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.

Universal Reaches Home-Video Royalties Settlement

Universal Pictures has reached a $26 million settlement in a class action lawsuit over underpayment of royalties to creative professionals who worked on home-video releases.

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Downtown’s Ace Hotel Sold, Buyer Keeping Brand

The Ace Hotel in downtown L.A.’s Broadway Theater District has been sold for $103 million to Chesapeake Lodging Trust. The Annapolis, Md., real estate investment trust entered into a new management agreement with Ace Hotel Group to continue to operate the hotel.

Live Nation Buys Bonnaroo Music Festival

Entertainment giant Live Nation has increased its portfolio of music festivals by buying a controlling stake in Bonnaroo, one of the largest in the country.

LAX Traffic Continues to Rise

The number of passengers traveling through Los Angeles International Airport continued to climb last month. More than 6 million travelers passed through the airport in March, up 4.2 percent from 5.8 million travelers in the same month in 2014.

Planning Commission OKs Sun Valley Sound Stage Complex

The Los Angeles Planning Commission unanimously recommended on Thursday that a proposed sound stage complex in Sun Valley receive a conditional use permit and required variances from zoning rules.

Disney Pulls Verizon FiOS Ads

Television ads for Verizon’s new pay-TV package service, FiOS Custom TV, have been pulled from Disney-owned channels.

Technicolor, Deluxe Create Joint Venture

Technicolor S.A. and Deluxe Entertainment Services Group Inc. announced Thursday an agreement to create a digital cinema joint venture.

AwesomenessTV Will Launch Channel for Moms

DreamWorks Animation’s AwesomenessTV online teen network will launch a second network later this year aimed at mothers in the millennial generation.

Ares Chief Antony Ressler to Buy Atlanta Hawks

Antony Ressler, the chief executive of Century City private equity and debt firm Ares Management, has agreed to buy the National Basketball Association’s Atlanta Hawks for about $850 million, sources told ESPN.