Los Angeles Business Journal

LABJ WEEKLY EDITION

City of L.A. Expands Piracy War to New Front

ENTERTAINMENT: Filing launches crackdown on use of computer memory cards.

Los Angeles City Attorney Mike Feuer has decided to take music and movie pirates to court.

News of the Week

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

Maker Studios will be Dish Network’s programming partner for its new online streaming service Sling TV, which targets a young audience of “cord cutters” who don’t hold cable subscriptions.

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Exercise Company Bulks Up in Santa Monica

LEASE: Beachbody takes more space in 10-year deal valued at $90 million.

Santa Monica multilevel marketing firm Beachbody, best known for infomercials selling its exercise and body-sculpting DVD programs Insanity and P90X, is bulking up at the beach.

Bundles of Joy?

Dish’s new Sling offering has Charles Crumpley wondering if L.A.’s television producers face a hazier future.

Backed Up

Backlogs at the ports of Los Angeles and Long Beach hurt the holiday season for some local companies, which are now struggling with continued delays. So the Business Journal asks:

Do you think ongoing congestion at the ports of Los Angeles and Long Beach will have a lasting negative effect on the local economy?

Fat Lady Singing?

Stall of tunnel-boring Big Bertha in Seattle raises more questions about drilling under Beverly Hills High.

Stall of Seattle’s subway tunneling gives John A. Mirisch more reasons not to dig plans for L.A.’s Westside.

Time to Rethink Political Approach to Problems

Bill Watkins clocks in against elected short-timers guiding California’s long-term future.

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Port Delays Sink Importers’ Plans

SHIPPING: Backlogs that bruised holiday sales carry into new year.

Delays at the ports have set sales plans back for manufacturer MegaToys and other importers.

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Drug Firm Eyes Healthy Future

Kite Pharma has reaped another healthy capital investment as it pursues its cancer-fighting therapy.

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Homed In

Bel Air residents head to court to restrict big mansions

Homeowners have united to pull up the welcome mat on new large mansions in Bel Air.

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Vegan Shares His Beef With Cheese

Vromage owner hopes to fill customers with nut-based product.

Vromage hopes to make the cut with vegetarian cheese fans with its nut-based vegan items.

Online Vendor Aims to Click In Europe

ESalon launches sites specifically to handle overseas markets.

ESalon heads overseas with websites tailored to sell its hair-color kits in specific Euro markets.

Hotel Raises Curtain on Renovation

London pictures bright future for its high-end screening room.

Hotel London West Hollywood has checked in with a new screening room to attract show-biz events.

Snow Jobs Fall Through

Born and raised in Southern California, Roy Jimenez has never had a “White Christmas.” In fact, he’s never even seen snow fall.

Regional Report

News and notes from communities across Los Angeles County

Serviz, an on-demand home-services provider in Sherman Oaks, has received $12.5 million in Series B funding led by Menlo Park’s PointGuard Ventures.

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Outside Box

MANUFACTURING: Avery Dennison looks to stick out with design center to help customers create labels.

Label maker Avery Dennison aims to box up more customers with its downtown L.A. design center.

Buyout Talk Gives Shot in Arm to Drug Developer

BIOTECH: Arrowhead’s RNA treatment reportedly draws Gilead’s attention.

Arrowhead Research moves into investors’ bull’s-eye on talk of an acquisition by a larger competitor.

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Hedge Fund Looks to Capitalize on Peer-to-Peer

FINANCE: Direct Lending commits $250 million to back loans by Biz2Credit.

Hedge fund Direct Lending puts its money on the peer-to-peer practice with a $250 million commitment.

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Year Ushers Out on Towering Deal in Downtown

REAL ESTATE: $242 million purchase of high-rise seen as proof of market’s strength.

Downtown L.A. deals close on a high note with the $242 million purchase of high-rise KPMG Center.

Disney Grandkids Clash Over Trust, Competence

INVESTMENT: Twins fight over control of fund as large inheritance payout nears.

Walt Disney’s twin grandkids clash over their competence as a large inheritance payout looms.

Future of Sci-Fi Museum Will Hinge on Financing

ENTERTAINMENT: Set of ‘Star Trek’ show found in trash helped launch plan.

Huston Huddleston hopes to beam up the bucks to turn his science-fiction museum into reality.

Former Best Western Shores Up Seaside Appeal

RENOVATION: Owner pays $13 million to upgrade look of Redondo Beach Hotel.

The Redondo Beach Hotel has reopened its doors after wrapping up a $13 million facelift.

Russian Emigre Looks to Build on Rubble of Ruble

INVESTMENT: Hedge fund partner sees opportunities in exports, purchasing.

Ilya Kuntsevich left Russia in search of a more lucrative career path in the United States.

News of the Week

The California Department of Public Health has issued an alert after finding “very strong evidence” that an adult film actor became infected with HIV and infected at least one other performer during a Nevada film shoot.