Los Angeles Business Journal

Lions Gate Signs Deal With OddLot

Santa Monica independent studio Lions Gate Entertainment Corp. and Culver City production company OddLot Entertainment have signed a co-financing and distribution deal.

New Owner to Dress Up L.A. Trade Magazine

Publishing: Ad sales exec buys out owners of California Apparel News.

Advertising sales exec sews up deal to take ownership of California Apparel News.

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Deadline Nears for L.A. Patch Sites in ‘Hyperlocal’ Fade

Many L.A. Patch sites will either be shut down or sold off as AOL’s “hyperlocal” media experiment looks like it can’t keep its profit promise.

Startup Tunes Up New Second Screen Attraction

TV: Actv8.me program will allow viewers to give money to street musicians.

The so-called second screen experience, or “social TV,” has grown in popularity, at least among more tech-savvy TV watchers.

L.A. Stations Improve Reception of Ad Dollars

RADIO: Local market’s improvement in contrast to flat national picture.

L.A. market continues to dial up the ad dollars while the rest of the country remains static.

TV Fattens Up on a la Carte

ENTERTAINMENT: M-Go looks to make move into home market.

M-Go pictures itself as a player in the home market with its a la carte offering of films and TV shows.

The Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed down slightly as the broader markets lost ground as well.

HuffPost Live Studio Closing

AOL’s HuffPost Live is shuttering the Beverly Hills studio where it produced talking heads programming daily as part of a Web video initiative of the Huffington Post.

Guess Shares Rise on Earnings

Shares of Guess Inc. shot up 18 percent in afterhours trading Wednesday after the downtown L.A. apparel maker announced better-than-expected earnings.

Colony Capital Shuffles European Executives

Santa Monica investment firm Colony Capital promoted two executives on Tuesday to lead its European investment strategy.

Former Long Beach Medical Supply Shop Owner Pleads Guilty to Fraud

The former owner of a Long Beach medical equipment supply company pleaded guilty in federal court in Los Angeles on Monday to a $2.6 million health care fraud scheme.

Aecom to Design Sacramento Kings Arena

Downtown L.A. construction and engineering firm Aecom has been hired as the lead architect to design a new arena for the Sacramento Kings, the NBA franchise announced Monday.

Response Genetics Acquires Cancer Test

East L.A. diagnostic testing firm Response Genetics announced Monday it had acquired an FDA-cleared test for diagnosing certain cancers.

USC Student Makes Grade

Shireen Jaffer’s startup mentoring venture scores junior $2,000 scholarship.

Shireen Jaffer’s startup proved a class act and earned the USC business student a $2,000 scholarship.

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Producers Struggle In Keeping It Real

TV: Reality show makers now facing authentic price pressures.

Producers of reality TV shows say it’s unreal how the genre is booming but they are not.

Audio Technology Firm Hears It From Investors

ELECTRONICS: DTS stock drops after company lowers annual guidance.

DTS shares fall as the audio technology firm dials back its guidance for the year.

Results Are Another Giant Leap for MannKind

BIOTECH: Afrezza inhaler clears more hurdles on road to FDA approval.

Investors try to catch their breath as reports on MannKind’s inhalable insulin device send shares up then down.

Station Sounds Out Success With Seasonal Tunes

RADIO: KPWR credits ‘summertime sensibility’ for prime audience.

Summer jams vaulted KPWR-FM (105.9) back to first place in the local radio ratings among 18- to 34-year-olds.

Wall Street Doesn’t Dig Australian Mining Woes

ENGINEERING: Slowdown in projects and issues back in U.S. drop Aecom stock.

Slowdown in Australian mining hits Aecom’s stock down under.

Some Actors Look to Recast Merger

ENTERTAINMENT: SAG-Aftra deal plays big role in union race.

Actors opposed to last year’s SAG-Aftra merger look to stage a takeover of the combined union.

RealD Swings to Loss

A tough season at the box office and fewer 3-D releases took a toll on RealD Inc. of Beverly Hills, which swung to a loss in its fiscal first quarter.

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Latino Channels’ Accent on English

TV: Mun2, NuvoTV craft content with eye on younger viewers.

Cable channel Mun2 hopes a bilingual approach to content speaks to young Latino viewers.

Postproduction Company Forges Links to Reality

TV: Margarita Mix taps new fiber optics network to land work in genre.

Recent upgrades at the Margarita Mix postproduction house have brought a bevy of reality TV business through the door.

CBS, Showtime Go Dark on Time Warner

The CBS broadcast network and Showtime premium cable channel have gone dark for Time Warner Cable subscribers in Los Angeles.

Pantages Naming Rights for Sale

Naming rights for Pantages Theatre in Hollywood are on the block.

Mag for Wealthy Consumers Again Rich in Appeal

PUBLISHING: Ad pages for Robb Report climb as economy recovers.

Robb Report proves its worth as the ad count rises for the consumer magazine for the super wealthy.

Activision to Make SpongeBob Games

Santa Monica video game publisher Activision Blizzard Inc. on Thursday said that it will bring SpongeBob SquarePants to gaming consoles though an expanded deal with Nickelodeon.

Visual Effects Firm Sees Future in Diversification

ENTERTAINMENT: 3-D conversion and foreign markets lift Prime Focus. market

Overseas work and diversification play big roles in sustaining visual effects firm Prime Focus World.

Commercials Take Tunes For New Spin

MediaHorse cues up cover songs to pitch variety of products.

MediaHorse has commercials covered with its remakes of old songs.

Public Broadcaster Channels Japanese Programs

TELEVISION: KCETLink pairs with NHK to offer English-language fare.

In yet another move to forge a new image, Burbank public TV outlet KCETLink made a deal last week to broadcast a 24-hour channel originating from Japan.

CytRx Shares Spike on Trial Results

Shares of cancer drug developer CytRx Corp. spiked Tuesday after the company announced positive results from a trial for one of its drugs.

Rexford Industrial Prices IPO

Rexford Industrial Realty announced the pricing range for its upcoming initial public offering

Summer Heats up American Apparel Sales

Clothing maker American Apparel announced Tuesday that sales were up last month due to strong demand for summer wear.

Barrack Replaces Nanula at Miramax

Billionaire Tom Barrack, chief executive of Santa Monica private equity firm Colony Capital, is taking over as chairman of film and TV studio Miramax, the company announced Monday.

Paper’s Publisher Says He Has News for Long Beach

MEDIA: Aaron Kushner to bring his O.C. Register approach to L.A. County.

Freedom Communications looks to shore up daily coverage of Long Beach with a new local paper.

KB Home Buys 100 Acres Near Houston

Westwood homebuilder KB Home has purchased 100 acres near Houston to develop a new community.

The Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose slightly for the week ending Wednesday as the broader markets did the same.

Disney Buys Rights to Four Marvel Titles

Burbank entertainment giant Walt Disney Co. announced Tuesday it has purchased distribution rights to four films from competitor studio Paramount Pictures.

Burkle Sues Hotel Group Shareholders

Billionaire Ron Burkle has filed suit against the largest shareholder of Morgan Hotel Group Co., operator of the Mondrian in West Hollywood.

Hudson Pacific Buys Seattle Portfolio

L.A. real estate investment trust Hudson Pacific Properties announced Monday it is buying a Seattle office portfolio for $368 million.

Air Lease Signs Deal for Two Airbuses

Air Lease Corp. in Century City announced Monday it has reached a deal to lease two planes to Monarch Airlines of London.

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3-D Firm Sees Big Opportunity

FILM: RealD looks to launch large-format theater chain.

3-D projection company RealD looks to widen its focus by creating a chain of large-format theaters.

Operator of Gossip Site Hopes to Speak to Males

INTERNET: Rev launches sports-focused TheFumble alongside site makeovers.

Rev New Media, a digital publisher that owns popular celeb gossip site Hollyscoop.com, has a new look.

L.A. Pilot Filming Numbers Rise From Last Year

The number of TV pilots shot in Los Angeles picked up dramatically this year, thanks to an industry-wide boom in pilot production, according to permitting agency FilmL.A.

Executive Shake-up at Warner Bros. Pictures

Warner Bros. Entertainment on Monday announced a major executive reshuffling in its Warner Bros. Pictures unit, promoting three long-time executives following the departure of President Jeff Robinov.

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Seller of Radio Ads Dials Down Price

ADVERTISING: Bid4Spots uses auction to land air time for clients.

Bid4Spots helps radio advertisers dial into stations’ low-cost air time through a reverse auction.

West Hollywood Club Tunes Up for TV Close-Up

MUSIC: 4Jacks looks to tap Troubadour’s pop history for program.

In its heyday, the Troubadour in West Hollywood was the launch pad for stars including Elton John and Jackson Browne. Now, the venue is hoping to play a larger role of its own on the global stage.

Failed Electric-Car Maker Could Get Jolt of Energy

AUTOMOTIVE: State’s new storage requirements for utilities may aid Coda.

State utilities’ obligation to boost power storage capacity could rev up the energy business for former electric-car maker Coda.

Surprise Star of Show Biz News: Print

MEDIA: Trades pull in readers and ads with glossy weekly magazines.

Hollywood Reporter and Variety have recast the role of print as the show biz trades’ glossy weeklies draw readers and ads.

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Tinseltown Donnybrook As Journos Trade Charges

MEDIA: But Finke’s Deadline comes out big winner in ratings battle.

Show biz journalism took Hollywood spotlight after a rival claimed Deadline.com fired Nikki Finke.