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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
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
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
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
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
Shares were sold at $419.99. 
Tags Elon Musk Aerospace Technology
From Business Journals
Disney+ ended Q1 with 95 million subscribers
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
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
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
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
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
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
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
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
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
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
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+
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
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
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
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
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
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
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
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
The Los Angeles-based EV maker is said to be in talks to merge with blank-check company Property Solutions Acquisition Corp. 
Tags Jia &quot;YT&quot; Yueting Automotive Zvi Glasman
From Business Journals
Los Angeles' Covid test could be issuing false negatives, FDA says
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
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
She also held previous roles at Mattel and Walmart. 
Tags John Hartmann Retailing Patty Wu
From Business Journals
SpaceX to launch controversial Turkish satellite
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
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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