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News releases from L.A. Biz

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Jukin Media promotes Lee Essner to co-CEO
Essner will oversee Jukin's brands business, sales, corporate and business development, operations, legal and finance. 
Tags Lee Essner Social media Jonathan Skogmo
From Business Journals
Gemist gets investment from DeBeers to grow its 'try-it-at-home' jewelry brand
De Beers will work with Gemist on consumer engagement, with an emphasis on responsible sourcing of natural diamonds. 
Tags E/commerce Madeline Fraser Jayson Kim
From Business Journals
Tarsus Pharma names COO, CFO to guide development of its ophthalmic drug
COO Sesha Neervannan most recently was a senior vice president of global pharmaceutical development at Allergan 
Tags Amgen Inc Agn Media Bobak Azamian
From Business Journals
Netflix gives Reed Hastings a co-CEO
Also, Chief Product Officer Greg Peters has been upped to COO. 
Tags Digital Media Media & Marketing Netflix Inc/
From Business Journals
Netflix adds another 10 million subscribers during coronavirus crisis
The streaming giant now has 193 million paid subscribers worldwide. 
Tags Reed Hastings Ted Sarandos Netflix, Inc/
From Business Journals
Openpath raises $36 million to open more doors
The funding follows the launch of Openpath's wave-to-unlock, hands-free entry and a menu of safety and wellness integrations introduced during the coronavirus crisis. 
Tickers OKTA
Tags Lincoln Property Company Mark Terbeek Alex Kazerani
From Business Journals
Pod Network raises $5 million in seed funds to expand social app
Pod launched in 2019 with the aim of going beyond digital connections to bring people together in person or virtually. 
Tags Venture capital Jo Webber Technology
From Business Journals
CBS signs content deal with NAACP for broadcast, cable and streaming
CBS Television Studios will work with the NAACP to establish a dedicated team of executives and infrastructure to acquire, develop and produce programming. 
Tags Film Industry Derrick Johnson Media & Marketing
From Business Journals
Los Angeles Covid-19 threat level 'on the border of going to red,' mayor says
Indoor operations in several business sectors have been ordered closed again at the state, county and city level. 
Tags Small Business Resource Guide Government & Regulations Eric Garcetti
From Business Journals
L.A. EV startup Fisker to go public through reverse merger
The deal values the electric vehicle maker at $2.9 billion. 
Tags Fisker Automotive Strategic Ventures, LLC Federated Hermes Inc/
From Business Journals
No joke: Netflix Is a Joke Fest cancelled due to coronavirus pandemic
The one-week event would have brought more than 100 live shows to various venues throughout Los Angeles. 
Tags Netflix, Inc/ Wanda Sykes Margaret Cho
From Business Journals
‘Hamilton’ director Thomas Kail, producer Jennifer Todd ink 20th Century Fox TV deal
The deal, which began in February, only covers TV projects and does not include the recent Disney+ version of “Hamilton.” 
Tags Cable & TV Walt Disney Company (The) Dana Walden
From Business Journals
Comic-Con unveils schedule of online panels and events
The line-up includes Amazon, Netflix, Sony, Disney, 20th Century Fox Television, as well as panels from new streaming services NBC’s Peacock, Apple TV+, Disney+ and HBO Max. 
Tags Film Industry Fx Networks, LLC Charlize Theron
From Business Journals
Sony takes $250M stake in Fortnite maker Epic Games
Sony and Epic Games will broaden their collaboration across Sony’s portfolio of entertainment assets and technology. 
Tags Sony Corp Ord Technology Kenichiro Yoshida
From Business Journals
SpaceX to launch first fleet of Starlink satellites with sun visors
All of the new satellites are equipped with a deployable visor to block sunlight from hitting the brightest spots of the spacecraft. 
Tags Aerospace Space Exploration Technologies Corp/ Technology
From Business Journals
Fisker nets $50M in funds for next phase build of electric luxury SUV
The company plans to launch its Fisker Ocean all-electric luxury SUV in 2022. 
Tags Startups Sustainability Burkhard Huhnke
From Business Journals
Popshop Live raises $3M to create live-streaming shopping platform
Popshop Live said the investment will go toward hiring, building new features, developing live content and onboarding new sellers in preparation for the company’s upcoming launch. 
Tags Danielle Li Ann Miura/Ko Software
From Business Journals
L.A. location filming plunged to record lows during coronavirus crisis
The greater L.A. region saw its movie, television and commercial production plunge nearly 98% to just 194 shoot days in April, May and June. 
Tags Media & Marketing Film Industry
From Business Journals
Replenysh raises $2M in seed round to build marketplace platform for recycling
Orange, California-based Replenysh wants to use technology to put an end to landfills by creating a digital marketplace that can change how companies procure recycled goods. 
Tags Venture capital Brian Thomas William Barnes
From Business Journals
Genius Brands inks deal to create new Stan Lee Universe
Genius Brands said it will draw from more than 100 original Stan Lee creations and develop and license about seven properties per year. 
Tags Andy Heyward Stan Lee David Neuman
From Business Journals
Rocket Lab investigating what went wrong with 13th launch
The Long Beach aerospace company said that after a successful lift-off, first stage burn and state separation, the anomaly occurred about four minutes into the flight. 
Tags Rocket Lab USA Technology Peter Beck
From Business Journals
'Hamilton' boosts Disney+ downloads by 47% worldwide
The filmed version of the hit Broadway musical debuted on Friday, and through Sunday, the app was downloaded more than half a million times globally. 
Tags Walt Disney Company (The) Media & Marketing Digital Media
From Business Journals
Lucky Brand Dungarees files for bankruptcy protection
The 30-year-old Los Angeles-based denim fashion company said it just couldn't recover from the crisis. 
Tags Retailing
From Business Journals
Anduril Industries gets contract to install AI surveillance systems along the border
Anduril’s technology includes towers with cameras and infrared sensors that use artificial intelligence to track movement. 
Tags Marc Andreessen Bureau of Customs and Border Protection Facebook Inc/
From Business Journals
Los Angeles school district taps Zoom for video classes
Zoom will provide access to virtual classrooms for nearly 30,000 educators and more than 600,000 students in North America's second-largest school district. 
Tags Education Zoom Video Communications, Inc/ K/12 Education
From Business Journals
L.A. mayor calls on businesses to create racial equity plans
"We are asking companies to make equity a priority by adopting the same framework of our Executive Directive 27 in their workplaces," Mayor Eric Garcetti said. 
Tags Anheuser/Busch InBev WME Warner Music Group Corp/
From Business Journals
Platinum Equity buys Deluxe Entertainment's distribution business
The private equity firm didn’t disclose financial terms of the deal, but it said Deluxe Entertainment's creative businesses were not included in the acquisition. 
Tags Deluxe Entertainment Services Group Inc/ Cyril Drabinsky Cable & TV
From Business Journals
ViacomCBS names Amazon exec Naveen Chopra as CFO
Chopra will oversee the company’s financial operations, including treasury, tax, accounting, investor relations, information security and real estate, as well as global corporate development and... 
Tags ViacomCBS ViacomCBS Inc/ Amazon/com, Inc/
From Business Journals
Rubicon Project rebrands as Magnite after Telaria merger
Magnite said the merger created the largest independent two sell-side advertising platform. 
Tags The Rubicon Project Inc Advertising & Public Relations Rubicon Technology, Inc/
From Business Journals
Netflix snags Bozoma Saint John from Endeavor as new CMO
She replaces Jackie Lee-Joe, who started in September. 
Tags Netflix, Inc/ Digital Media Media & Marketing
From Business Journals
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