LABJ WEEKLY EDITION
A Look Ahead: What's on the agenda for Los Angeles business in the coming week
Jeanie Buss knows a thing or two about entertaining basketball fans downtown, but now the Los Angeles Lakers president is bringing a different sport to the area: professional wrestling.
International Space Station guest Dennis Tito is still high on the future of space travel
Finance exec Dennis Tito talks whether it was worth the $20 million to hitch a ride to the International Space Station.
BEAUTY: Skin Laundry sees low-cost service as opportunity to clean up.
Skin Laundry has fleshed out a business strategy with a focus on low-cost laser facials.
FINANCE: Fake accounts at Wells Fargo show risk of pushing performance.
Wells Fargo’s fraud fallout underlines how businesses may pay for incentive programs.
RETAIL: Election results may throw chill on plans for spending, however.
Positive economic factors could add up to a strong holiday shopping season in Los Angeles.
MEDIA: Shares of tronc still up from Gannett bids while Times presses into future.
Los Angeles Times embarks on digital future as acquisition bid for parent tronc has yet to click.
TECHNOLOGY: Demand from VR firms could yield studio production boost.
The virtual reality industry is in experimental mode and facing challenges, but that might be to the advantage of L.A.-based companies, according to Don Karl, partner and lawyer at Perkins Coie’s Century City office.
FILM: Execs, academics frame growing market as salve for U.S. stagnation.
It seems the word on everyone’s lips in Hollywood is “China” – and for good reason.
Abalta Technologies Inc., which makes a platform to hook up people’s cars to their phones, has a new owner after receiving an investment of an undisclosed sum from Japan’s biggest digital map maker, Zenrin Co.
Calendar of events
ACQUISITION: Multifamily sale price sets per-unit high mark for submarket.
New York Life Real Estate Investors picked up the Rubix Hollywood apartments this month for $109 million.
Sure, taxes and regulations are a burden, but California remains a draw to entrepreneurs.
Closing Aliso Canyon would only drive up already sky-high prices paid for natural gas in Los Angeles.
Closing the Aliso Canyon facility will only serve to drive up natural gas prices, warns Tracy Hernandez.
James de la Loza sees Measure M easing traffic in Los Angeles.
RETAIL: Owner of Fred Segal wants moniker gone on Melrose.
Owner of Fred Segal name says Melrose shopping district property needs to drop the moniker.
Fender turns to Hollywood, internet to lift sales
Guitar maker Fender looks to crank the volume on sales with a new outpost in Hollywood.
ADVERTISING: Summit fears cutback cuts out smaller firms.
Summit Media sees a city of L.A. plan for more digital billboards as a bad sign for small firms.
New crowdfunding rules have yet to stir big numbers of unaccredited investors.
Russell Simmons hopes to get people bent into shape with yoga studio Tantris.
Music giant Russell Simmons has thrown a twist into his business portfolio with yoga studio Tantris.
Lions Gate doubles down in space with pair of deals to launch platform, TV store.
Lions Gate dives into streaming with Univision and Vimeo projects.
The legal profession is not typically viewed as fertile territory for poetic interrogatories.
FINANCE: Congress mulls pulling plug on visas tied to foreigners’ investments.
A controversial federal program that rewards foreign investors with visas in exchange for investments in economically depressed areas is set to expire at the end of the month if Congress doesn’t intervene.
ART: Investment could lift Carlyle’s business but firm faces online sales risks.
Auctioneer Carlyle Galleries International is bidding on going public to boost its business prospects.
TRADE: Federal marshals arrest Hanjin cargo ship as creditors pursue payment.
U.S. marshals placed hold on Hanjin ship over bankrupt company’s fuel bill.
MEDIA: TakePart.com sees bigger role to play under Jeff Skoll’s Participant.
Jeff Skoll’s TakePart plans more content to differentiate the activist news site from parent Participant.