Los Angeles Business Journal


Reel Outdoors

Stars line up for alfresco movie screeningsMovie series at Hollywood Forever Cemetery has helped outdoor screenings come alive in Los Angeles.

By Jonathan Polakoff May 12, 2014 midnight   $$ Share
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Driving Design

Garage offers high-tech treats to car parts makers

New high-tech garage offers makers of aftermarket car parts space for improvement.

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Digital Content Turning on TV

Internet: Streaming sites test ad-supported programming.

Former NBC show “Community” will test if digital programs can channel TV-like audiences and ad dollars online.

L.A. Improves Public Standing

INVESTMENT: Deals, IPOs help add 13 traded firms to list.

Deals and IPOs help the L.A. area stock up on more publicly traded companies.

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Soundstage Takes New Movie Role

FILM: Thunder looks to trade services for stakes in productions.

Soundstage operator looks to cast itself as producer by offering services for stakes in indie films.

Credit Union Channels TV Spotlight

SCE Federal staff takes turns offering financial tips on daily program.

SCE Federal Credit Union hopes its star rises with employees’ daily appearances on TV show “Tu Mundo Hoy!”

Marketer Relies On Healthy Boost

Cancer survivor taps life lessons in running his firm, Eckim.

Cancer survivor Rob Gough now deals with the demands of running discount coupon websites.

Student Makes Mark With Murals

Khrystaphauer Skinner’s street-art business idea wins camp contest.

Student Khrystaphauer Skinner caught a business program’s top prize with his street-art pitch.

Mother’s Helper

Five years ago, Mother Co. founder and Chief Executive Abbie Schiller, 42, and her family decided to move in with her parents at her childhood home in Pacific Palisades to keep her then-fledgling children’s entertainment startup above water.

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Direct Quotes

ADVERTISING: PK4’s new ad tech eases online placement.

PK4’s new ad tech will let customers take a more direct approach with online placement.

Trial Results Give Healthy Boost to Drug Maker

BIOTECH: Puma’s shares rise in what one analyst calls best-case scenario.

Puma has the right R/x for investors after a positive trial performance for its breast cancer drug.

Regional Report

News and notes from communities across Los Angeles County

SpinMedia Group, a Hollywood digital media company, has acquired Death and Taxes, a men’s lifestyle site in New York. Financial terms of the deal were not disclosed.

Why Rival Banks Put Money in East L.A. Lender

BANKING: Investment in Pan American could pay off in public-service benefits.

Investing institutions expect to buoy their business by sinking $6.3 million into floundering Pan American.

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Defeasance Firm in Debt To Hot Real Estate Market

FINANCE: AST expects business boom to continue as interest rates rise.

Hot real estate market lights fire under firms providing debt-clearing defeasance services.

Office Properties by LAX Take Off With Investors

REAL ESTATE: Continental Tower goes for $98 million in most recent deal.

Desire takes off for headquarters properties near airport.

Investors Climb Aboard In-Flight Wi-Fi Provider

AVIATION: Entertainment, renewal deals and new CEO lift shares of Global Eagle.

Shares of in-flight Internet provider Golden Eagle get lift from arrival of new chief exec.

Advocacy Group Casts Lot With Former Mayor

LENDING: Non-profit seeks Villaraigosa’s help on local impact of bank acquisition.

An advocacy group protesting a local bank transaction wants former Los Angeles Mayor Antonio Villaraigosa to broker a deal and end the dispute.

News of the Week

Last week’s major news from labusinessjournal.com and other sources

Hedge fund manager and Herbalife foe William Ackman of Pershing Square Capital Management sent shares of his enemy company into a tailspin Monday when he declared on CNBC that he had evidence to prove Herbalife operates as an illegal pyramid scheme.


Upcoming local events.


Upcoming local conventions.

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Hotel Buyers Check In With Pricey Purchase

ACQUiSITION: $65 million for Figueroa could be per- room record for downtown.

The Figueroa Hotel, an eclectic tourist haven that has been a fixture in downtown Los Angeles since the late 1920s, has been sold for $65 million, according to sources with knowledge of the deal.

Holes in L.A.’s Golf Scene

Ted Lux sees several problems come to the fore to hurt golf in L.A.

Flying High?

Federal law forbids the commercial use of aerial drones. So some producers have stopped using them but others still are flying them anyway, as the Business Journal recently reported.

Should TV and film producers be allowed to use aerial drones?

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Taking Rap

KDAY spins hip-hop into ad sales, ratings

KDAY says it has succeeded in getting advertisers and listeners to take its old-school hip-hop format for a spin.

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Investors Return To Small Banks

FINANCE: Capital raises show strength of once-snubbed sector.

Small lenders look to capitalize on big investors’ surging interest in the sector.

Stable Stock Turns Utility Into Player

water: Rash of new deals also buoys American States’ shares.

Stability of utility stocks and the expectation of new business have buoyed American States.

YouTube Tweaks Video’s Big Picture

INTERNET: Small creators left to sort out copyright claims solo.

YouTube policy shift has taken the fight out of some video creators who must now battle copyright claims on their own.