Los Angeles Business Journal

LABJ WEEKLY EDITION

Changing Channels

Ex-MTV chief Van Toffler still works with videos, but now he develops them to be shared across multiple platforms

Van Toffler hopes to channel his experience at MTV into success at digital startup.

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Fish Tale’s Sequel Expected to Scale Box Office

FILM: ‘Finding Dory’ seen as next Pixar production to buoy parent Disney.

Despite sequels’ sinking fortunes at the box office, analysts are confident “Finding Dory” will make a big splash.

Calendar

Calendar of events

Conventions

Upcoming conventions

Changing Direction on Gridlock

County transportation officials’ plan to straighten out bottleneck on 5 freeway would be too little too late.

Five local chamber chiefs hope to speed up improvements to a bottlenecked stretch of the 5 freeway.

City’s Flip-Flops Stall Development

Business as usual at City Hall has stalled his apartment project, writes Ben Forat, costing him time and money.

$148 Million Pay Package Pads Wealthiest Angeleno

COMPENSATION: Patrick Soon-Shiong tops public execs.

Biotech paid off last year with a healthy haul of $148 million for wealthiest Angeleno Patrick Soon-Shiong.

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Cutting In

CLOTHING: American Made Supply aims for middle with apparel.

American Made Supply hopes its online focus will help it sew up American Apparel’s former market position.

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Football Fans’ Phones to Call Plays

SPORTS: Fanchise’s app may point way to score supporters.

Fanchise hopes to pull in fans for its pro football team by letting them tackle play-calling during games.

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Firms Feel Heat From Homeless

Skid Row business owners feel burned as fires and crime increase at growing homeless encampments.

Print Shop to Make Room for Hollywood Hotel

ACQUISITION: Chinese investor agrees to shell out $9.5 million for building.

Despite being a tourist hot spot, Hollywood has surprisingly few hotels. But a new one could soon rise up from a Chinese investor who has nabbed a Hollywood Boulevard retail site for $9.5 million.

Downtown’s Disgrace

The courts might finally be the factor that gets Los Angeles moving on Skid Row’s homeless problem, writes Jonathan Diamond.

Celebrity Connections

Internet vet Brian Lee is a big fan of how partnering with stars can guide consumers to businesses

Honest Co.’s Brian Lee discusses how star power can energize e-commerce ventures.

Downtown’s Draw Reaches Out West

REAL ESTATE: Lower prices, big spaces spur local relocations.

All Def Digital is among the recent converts ditching the pricey Westside for downtown L.A.’s draw.

Old Tires, New Spin

RCO taps state money to roll out rubber items

RCO Tires has hit the road to reclaim rubber with the support of a state program.

Studio Has Skin In Game Movie

FILM: ‘Warcraft’ adaptation could reverse Universal slide.

Universal Pictures hopes video-game adaptation “Warcraft” plays well with moviegoers.

Food Chain Uses Noodle to Expand

Jinya Ramen Bar hopes to bowl over new customers beyond L.A. outposts.

Jinya Ramen Bar has turned to franchising to feed its expansion plan.

Root Beer Maker Unleashes Giving

Margo’s Bark Soda owners plan to donate sales revenue to support animal shelters.

Margo’s Bark Soda looks to collar root beer buyers with its charitable support of animal shelters.

Healthy Spin on Networking

David Norris doesn’t have free time for cycling, his preferred form of exercise.

A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

INVESTMENT: Summit will look to help L.A. projects pocket foreign money.

The second Select LA Investment Summit will start June 17, two days before a national summit hosted by SelectUSA, set up by President Barack Obama in 2011 to assist U.S. economic development organizations in competition for global investments.

Attorneys Hope to Make Case for Bitcoin Code

LAW: Blockchain seen as promising tracking system for range of industries.

Attorneys are invested in expanding the use of bitcoin code blockchain as a tracking system for businesses.

Some Nonprofits at Loss on How to Pay Hikes

GOVERNMENT: Bumps to minimum wage have firms mulling cutbacks, closures.

Some nonprofits face cuts to services to offset impending wage increases.

Investors Stake Out Side In TV-Film Empire Fight

ENTERTAINMENT: Viacom shares rise after exec duo dumped from trust’s board.

Wall Street has sided with Sumner Redstone as he lays out a future for National Amusements.

Virtual Reality Might Change View of Homeless

VIDEO: Tyson Sadler aims to recast Skid Row’s image with ‘Artist’ production.

In the shadows of the dozens of luxury high-rise buildings popping up downtown are the unlikeliest of film stars, the homeless of Skid Row.

Supervisor Seats Up for Grabs on Election Day

POLITICS: Voters also to have say on water system sale, digital billboards.

While most attention for this week’s primary election is focused on the presidential and U.S. Senate races, there are also some closely watched local races and issues on the ballot.

Subscription Box Business Packs In More Money

INTERNET: Loot Crate lifts lid on $18.5 million Series A, $100 million mark in sales.

Subscription box startup Loot Crate, which sends toys and fan gear to subscribers in monthly mystery boxes, has raised an $18.5 million Series A funding round.