LABJ WEEKLY EDITION
ADVERTISING: Tongal takes on traditional agency model.
Some industry veterans question the mass appeal of Tongal’s crowdsourced approach to video ads.
Law: Litigation funding firms say
Law: Litigation finance firms court investors to fund commercial cases with potentially hefty rates of return.
Dodgers seek big score from Wi-Fi
Sports: Dodgers to add Wi-Fi and other stadium upgrades as the team looks to run up its sponsorship and revenue opportunities.
Guarantee 3’s training device aims to score points with basketball players.
Sports: Dave Felkel promises net gains to basketball players who use his training harness.
Guarantee 3’s training device aims to score points with basketball players
Food: Ips All Natural hopes to take a bite of the snack market with its high-protein product.
Last spring, Bao Ngo wanted to get a basketball competition going. Her company, Santa Monica online genealogy mapper Geni, had a team and they challenged the team at her former employer, ScoreBig Inc.
News and notes from communities across Los Angeles County
Shoots, Scores: Ticketmaster, the West Hollywood ticket subsidiary of Beverly Hills concert promoter Live Nation Entertainment Inc., has extended its ticketing services agreement with New York-based National Hockey League.
APPAREL: The paper-preferring clothing industry may prove a tough fit for NuOrder’s digital ordering and inventory system
It’s hard to find a pen or paper at NuOrder Inc.’s West Hollywood offices. Its co-founders don’t want its biggest competitor hanging around.
INTERNET: United Online completes FTD spinoff, says ISP cancellations slow.
Internet: United Online shares bloom with the completion of its spinoff of flower business FTD.
Shipping: Program to attract alliances may start price war with Long Beach.
Shipping: Port of Los Angeles hopes to make waves by offering rebates to cargo companies.
ADVERTISING: Newly named TrueX makes play for YouTube content.
Newly rechristened TrueX wades into streaming video with its interactive ads.
Construction: Stock of Ryland falls after tough feedback from analysts
Construction: Investors move out of Ryland stock after the homebuilder’s revenue fails to meet expectations.
INTERNET: Viddy’s now Supernova as it works to regain firm’s early heat.
Internet: Maker of video app Viddy looks to change its focus and image with new name and products.
PHILANTHROPY: Chan Soon-Shiong’s $4 million to fund health programs.
Dr. Patrick Soon-Shiong’s latest philanthropic endeavor serves as an expression of gratitude to an African-born mentor who helped the biotech billionaire get his start in Los Angeles.
LAW: Norton brings in David Ben-Meir to grow IP practice.
When London’s Norton Rose and Houston’s Fulbright & Jaworski merged in June to form Norton Rose Fulbright, the new firm’s downtown L.A. office was hit with significant exits. It quickly lost one-fifth of its attorneys, including the heads of its local health care, and labor and employment groups, to rival firms
Music: Clear Channel opens Burbank space for album promotion parties.
Lions Gate announced last week that it’s licensing the “Twilight” films and past releases including “The Princess Bride” and “Dirty Dancing” to the state-run streaming entertainment website M1905.com.
Calendar of events
Last week’s major news from labusinessjournal.com and other sources
Walt Disney Co. will provide Netflix Inc. programming based on four characters from Disney’s Marvel unit. Netflix has committed to at least four series and a miniseries to be shown exclusively on its streaming video service.
OP-ED: Military veterans tap their unique experiences to boost businesses and America.
Employment: James Bogle salutes military veterans who have adapted their skill sets to boost domestic businesses.
Acquistion: 200-room London West Hollywood sold for $195 million.
The 200-room London West Holly-wood hotel was sold last month to New York investment firm Northwood Investors for $195 million, according to CoStar Group Inc., the highest price-per-room rate ever paid for a California hotel.
New team takes wheel at raceway
Racing: New management team looks to revive Irwindale auto track after it had been driven into the ground.
Banking: Federal fraud review may hold up sale by parent.
Banking: Federal review of payday-lender payment processing by National Bank of California may slow its sale.
Real Estate: Projects draw ‘low-income’ maps to tap EB-5.
Critics say developers have mapped out a means to tap a program that was meant to boost low-employment areas.
Water: Attraction could help Cadiz avoid review of pipeline.
Water: Cadiz plans railroad tie-in that could help the aquifer owner avoid full review of a pipeline project.
Hollywood Bowl bathroom adds company’s lighting system for stall occupancy.
Technolgy: Tooshlights is flush with success after the Hollywood Bowl adds the company’s bathroom stall-occupancy light system.