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News releases from L.A. Biz
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Steven Soderbergh, Reese Witherspoon to shoot new projects in California thanks to tax credits
March 01, 2021
In all, 22 films have been selected to receive nearly $87 million in combined incentives through the Film & TV Tax Credit Program.
Tags
Film Industry
Eva Longoria
Jeremy Pope
From
Business Journals
Disney California Adventure to reopen in March — but no rides
February 25, 2021
The “Touch of Disney” event will enable visitors to stroll the park grounds, enjoy food and drinks, encounter Disney characters, take photos, and shop for merchandise.
Tags
The Walt Disney Co/
Travel
Recreational Tourism
From
Business Journals
Gelson’s to be sold to Japanese retailer
February 25, 2021
The Southern California supermarket’s new owner is a Japanese retailer that owns Don Quijote and Murakai stores.
Tags
Naoki Yoshida
Rob McDougall
Gelson's Markets
From
Business Journals
FAA clears SpaceX for another Starship test after 2 explosions
February 22, 2021
Starship SN10 has a “good chance of flying this week!” Elon Musk tweeted.
Tags
Aerospace
Elon Musk
Jackie Wattles
From
Business Journals
SpaceX valuation rockets to $74 billion with new round of funding
February 17, 2021
Shares were sold at $419.99.
Tags
Elon Musk
Aerospace
Technology
From
Business Journals
Disney+ ended Q1 with 95 million subscribers
February 11, 2021
If the platform has hit 100 million subscribers since then, the studio isn’t saying so.
Tags
Digital Media
The Walt Disney Co/
Christine McCarthy
From
Business Journals
Broadway Federal Bank receives investment from Wells Fargo
February 10, 2021
The announcement is part of Wells Fargo’s pledge to invest up to $50 million in Black-owned banks.
Tags
Banking & Financial Services
Financial Planning
Broadway Federal Bank, F/S/b
From
Business Journals
UCLA, Starburst bringing another aerospace accelerator to Los Angeles
February 09, 2021
Applications for SCALE Aerospace Ventures are open now.
Tags
Aerospace
Technology
From
Business Journals
BloomNation expands online tools from flower shops to pizzerias and liquor stores
February 03, 2021
Co-founder and COO Gregg Weisstein on the L.A. startup's Series B and new parent company to encompass its expanding business ventures.
Tags
Gregg Weisstein
E/commerce
Retailing
From
Business Journals
SpaceX raising another astronomical funding round, per report
January 29, 2021
The new financing could double the valuation of Elon Musk's aerospace company.
Tags
Technology
Spacex, LLC
Space Exploration Technologies Corp/
From
Business Journals
Sidecar Health raises $125M to scale 'cash price' insurance model
January 26, 2021
The latest funding boosts Sidecar's valuation to $1 billion.
Tags
Technology
Health Care
Health Insurance
From
Business Journals
Virgin Orbit to demo 'late-load' capability on launch of first Dutch defense satellite
January 25, 2021
The announcement comes just 10 days after the Long Beach aerospace company's first successful flight.
Tags
Rocket Lab USA
Technology
Virgin Galactic LLC
From
Business Journals
SpaceX to launch record number of satellites in a single mission
January 22, 2021
This weekend's launch marks the first dedicated mission for SpaceX's SmallSat Rideshare Program, which enables small-satellite customers to book a ride to orbit with SpaceX directly.
Tags
Technology
Space Exploration Technologies Corp/
Aerospace
From
Business Journals
TrueCar finds new CFO in Jantoon Reigersman
January 21, 2021
Jantoon Reigersman replaces Noel Watson, who resigned as CFO in November after less than 18 months on the job.
Tags
Noel Watson
Technology
Truecar, Inc/
From
Business Journals
SpaceX to set a new record with first launch of 2021
January 19, 2021
Elon Musk's aerospace company will attempt to fly a Falcon 9 rocket booster for a record number of times.
Tags
Spacex, LLC
Space Exploration Technologies Corp/
Technology
From
Business Journals
GOAT gets strategic investment from French luxury fashion company
January 19, 2021
The Culver City, California, sneaker marketplace will use the money to continue its expansion into fashion apparel and new categories.
Tags
Retailing
E/commerce
From
Business Journals
ViacomCBS sets launch date for Paramount+
January 19, 2021
The New York-based media and entertainment conglomerate said it will provide a "comprehensive overview" of its streaming strategy on Feb. 24.
Tags
ViacomCBS Inc/
Digital Media
Media & Marketing
From
Business Journals
Virgin Orbit to demo its LauncherOne air-launched rocket
January 15, 2021
The Long Beach company aims to air-launch its LauncherOne rocket from the Cosmic Girl Boeing 747-400 aircraft at high altitude.
Tags
Technology
Mandy Vaughn
Virgin Orbit, LLC
From
Business Journals
Disneyland ends annual pass program
January 14, 2021
The program will be replaced by a new membership offerings that are currently under development.
Tags
Travel & Tourism
Travel
Ken Potrock
From
Business Journals
Coca-Cola sells Zico coconut water back to brand founder’s fund
January 14, 2021
PowerPlant Ventures, a growth equity fund focused on consumer food, beverage, and foodservice companies, has formed a new company, Zico Rising.
Tags
Retailing
Alan George
The Coca/Cola Co/
From
Business Journals
L.A. film shoots plunged in December amid Covid surge
January 12, 2021
After growing steadily through October, film permit applications slowed in November, then dropped sharply last month.
Tags
Media & Marketing
Paul Audley
Film Industry
From
Business Journals
Scopely hires former Facebook games exec as chief marketing officer
January 12, 2021
The move comes less than three months after Scopely's last financing round, which brought the mobile-games company's valuation to $3.3 billion.
Tags
Media & Marketing
Zynga Inc/
Scopely, Inc/
From
Business Journals
Outer raises $10 million for outdoor furniture backyard showrooms
January 12, 2021
With people spending more time at home during the coronavirus crisis, the outdoor furniture brand saw its sales grow by 1,000% last year.
Tags
Jiake Liu
Consumer Goods
Retailing
From
Business Journals
Dollar Shave Club founder — and star of its ads — steps down as CEO
January 11, 2021
The lifestyle brand and e-commerce company's new chief joins from Sur La Table.
Tags
Michael Dubin
Jason Goldberger
Retailing
From
Business Journals
Faraday Future said to be in talks to go public with a SPAC
January 11, 2021
The Los Angeles-based EV maker is said to be in talks to merge with blank-check company Property Solutions Acquisition Corp.
Tags
Jia "YT" Yueting
Automotive
Zvi Glasman
From
Business Journals
Los Angeles' Covid test could be issuing false negatives, FDA says
January 08, 2021
The city intends to continue to use the Curative test at its city-operated testing sites, however, Mayor Eric Garcetti said.
Tags
Insurance
Health Care
Food and Drug Administration
From
Business Journals
Kia Motor America COO Bill Peffer leaves company after one week in new role
January 08, 2021
Kia Motors has not yet appointed a successor.
Tags
Russell Wager
Automotive
Kia Motors America, Inc/
From
Business Journals
BuyBuy Baby names Honest Co. vet senior VP and general manager
January 08, 2021
She also held previous roles at Mattel and Walmart.
Tags
John Hartmann
Retailing
Patty Wu
From
Business Journals
SpaceX to launch controversial Turkish satellite
January 07, 2021
The Hawthorne, California-based aerospace company is scheduled to launch the Türksat 5A satellite on Thursday.
Tags
Technology
Spacex, LLC
Space Exploration Technologies Corp/
From
Business Journals
‘Wonder Woman 1984’ sets pandemic box office record with $16.7M in sales
December 28, 2020
The film, which also launched on HBO Max, beat the $10 million that “Tenet” notched when it premiered in September.
Tags
Gal Gadot
Cable & TV
Walt Disney Company (The)
From
Business Journals
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