Los Angeles Business Journal


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Katzenberg Takes Pay Cut

DreamWorks Animation SKG Inc. Chief Executive Jeffrey Katzenberg took a 53 percent cut in his salary in 2014 after not receiving performance-based incentives, according to documents filed with the Securities and Exchange Commission.

L.A. Airline Catering Workers Strike Outside Kitchen

Saying they don’t have enough tools or manpower to do their work, about 175 employees of Chicago, Ill. airline catering company Flying Food Group protested Tuesday outside one of the company’s kitchens in Los Angeles.

Location Filming Declines in First Quarter

Location filming in the Los Angeles area dropped 3 percent in the first quarter of 2015, with the biggest decrease coming from feature film production, according to a report released Tuesday by FilmL.A.

Briefs: City Attorney’s Office Closes 500 Medical Marijuana Shops, Lions Gate Entertainment Corp. to launch Comic-Con channel

Feuer Touts Medical Marijuana Store Closures Around 500 medical marijuana shops have been closed by the Los Angeles City Attorney’s office over the past 12 months, City Attorney Mike Feuer announced on Thursday.

Lions Gate’s Shares Tumble on Stock Sale, Guidance Update

Shares of Santa Monica studio Lions Gate Entertainment took a hit Wednesday, a day after the company’s biggest shareholder, Chairman Mark Rachesky’s MHR Fund Management, announced plans to sell a big chunk of its stake.

Briefs: UCLA Study Rates L.A. a C+, Lions Gate’s Largest Shareholder Sells

UCLA Environmental Study Gives L.A. County a C+ Los Angeles County has work to do when it comes to the environment, according to a UCLA study released on Tuesday that rates the county’s environmental performance as a C+.

Disney, DreamWorks Antitrust Case is Dismissed

A federal court judge has dismissed a lawsuit against DreamWorks Animation SKG Inc., Walt Disney Co. and several other media companies over allegations they broke antitrust laws by conspiring to not hire each other’s animators and visual effects artists in order to keep salaries down.

Disney Invests $250 Million in Sports Gambling Site

Walt Disney Co. is getting into the sports-betting business with a $250 million investment in Boston startup DraftKings Inc., according to media reports on Friday.

SBE Heads to Mexico as Nazarian Returns

Days after Sam Nazarian’s return to SBE Entertainment Group, the company announced that it will be expanding into Mexico.

Legendary Entertainment Seeking $700 Million Refinancing

Independent production company Legendary Entertainment is seeking $700 million to strengthen its film financing business, according to media reports on Thursday.

Poll: Would you be more interested in boxing if matches were shorter, or resulted in more knockouts?

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. Our latest poll is available on the bottom right column of our home page.

DreamWorks Scores at Box Office

DreamWorks Animation SKG Inc. scored big over the weekend with its latest release “Home” bringing in $54 million in domestic box office revenue.

More Cargo, Passengers at LAX

February was another strong month for air cargo at Los Angeles International Airport, as importers and exporters took to the skies to avoid West Coast ports that, until late last month, were tied up by a labor dispute.

Technicolor Will Close Burbank Office

Technicolor USA Inc. is closing a digital media services facility in Burbank that it opened just last year with expectations that it would employ some 250 workers.

Delay Expected for Comcast, Time Warner Cable Deal

Comcast Corp.’s planned $45 billion purchase of Time Warner Cable Inc. has run into a snag in the form of a lengthy regulatory review that is expected to delay the deal.