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News releases from L.A. Biz

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Blackstone takes stake in Hudson Pacific's Hollywood properties to form joint venture
Blackstone will buy a 49% stake in Hudson Pacific’s $1.65 billion Hollywood portfolio encompassing 2.2 million square feet of studio facilities and office buildings. 
Tags Netflix Inc/ Cable & TV Hudson Pacific Properties, Inc/
From Business Journals
Cate Blanchett, Sylvester Stallone to shoot new projects in California thanks to tax credits
The incentives mark the final round of tax credits allocated under the state's Film & TV Tax Credit Program 2.0. 
Tags Film Industry Media & Marketing Jude Harris
From Business Journals
Health Net names Kerri Balbone as chief operating officer
Balbone replaces Bob O’Brien, who is retiring after a 37 year career as a healthcare executive, including the last two and a half years as COO of Health Net. 
Tags Insurance Centene Corporation Kerri Balbone
From Business Journals
The New Regular: Beware the Compounding Effect
It's when the difficulty created by one disruption is compounded by another when they either show up at the same time or at least overlap. 
Tags Coronavirus Career & Workplace Human Resources
From Business Journals
Disneyland reaches deal with employees on reopening process
Disneyland has reached an agreement with unions on safety measures needed to bring back employees from furlough in preparation for the reopenings of its Anaheim theme parks. 
Tags Travel Jim Lennox Gavin Newsom
From Business Journals
Virgin Hyperloop taps Spirit AeroSystems to help build commercial hyperloop
The L.A. hyperloop firm will tap Spirit engineers, fabricators, builders, supply chain and certification experts, and technicians to help solidify its hyperloop prototype. 
Tags Logistics & Transportation Transportation Infrastructure
From Business Journals
Disney to re-imagine this iconic Disneyland ride
This Anaheim attraction will tell a new story based on a popular Disney princess. 
Tags The Walt Disney Co/ Travel & Tourism Construction
From Business Journals
Relativity Space hires Muhammad Shahzad as first CFO
Muhammad Shahzad has taken one the C-suite role as of June 15. 
Tags Iridium Communications Inc/ Aerospace Tim Ellis
From Business Journals
Pipe ups seed round by 10-fold for SaaS financing platform
The Los Angeles fin-tech startup has also named Michal Cieplinski as COO and chief legal officer. 
Tags Banking & Financial Services Fundbox Inc/ Startups
From Business Journals
Mark Wahlberg-backed F45 fitness club chain acquired by L.A. company
Crescent Acquisition Corp. said it's acquiring F45 Training Holdings Inc., which began operations in Australia but is now headquartered in Los Angeles. 
Tags Retailing & Restaurants Food & Lifestyle Crescent Acquisition Corp
From Business Journals
Marcus & Millichap Co-Chairman William Millichap dies
"Bill was the truest of friends that one could ever have, and a real partner in good times and challenging ones," said Marcus & Millichap founder and Chairman George M. Marcus. 
Tags William A/ Millichap Hessam Nadji Commercial Real Estate
From Business Journals
Fandango launches tools to help moviegoers navigate theater reopenings
The new tools include a search filter to help moviegoers find reopened theaters by location and seating maps with physical distancing taken into account. 
Tags Media & Marketing Commercial Real Estate Flixster, Inc/
From Business Journals
Lyft settles allegations that it denied rides to some people with disabilities in Los Angeles
The Justice Department investigation was triggered by complaints from a Los Angeles man who uses a wheelchair, who said he was denied rides from Lyft drivers. 
Tags Government & Regulations U/S/ Department of Justice Transportation
From Business Journals
ViacomCBS names Disney’s Cochran to SVP of family entertainment group
Cochran will be responsible for managing all aspects of live-action physical production for the Nickelodeon brands – Nickelodeon, Nick Jr., TeenNick and Nicktoons – and for Gen Z-focused brand... 
Tags ViacomCBS Inc/ Awesomeness, LLC ViacomCBS
From Business Journals
We interrupt this pandemic to bring you a Father’s Day message
The only force in the universe that comes close to a mother’s sweet/fierce love is a father’s tough/courageous love. But the latter is the harder job. 
Tags Human Resources Career & Workplace
From Business Journals
Lockheed Martin invests in Red 6 to make AR-based flight stimulator
The Santa Monica, California-based startup is developing an augmented reality-based aerospace training and flight simulation system. 
Tags Lockheed Martin Corporation Technology Government & Regulations
From Business Journals
Bird launches new maps app to help users navigate bike lanes
Shared electric scooter company Bird has teamed with Israeli navigation startup Trailze to launch a pilot map program to allow riders to find routes using designated bike lanes. 
Tags Software Logistics & Transportation Transportation
From Business Journals
DMarket gets $6.5M to expand its gaming app technology
DMarket is planning to increase its engineering staff and hire additional executives in the next three months. 
Tags Trip Hawkins Venture capital Startups
From Business Journals
Open Raven raises $15M in funding to grow its cloud data security platform
Open Raven says its data security platform helps companies prevent breaches of cloud data. 
Tags Cloud Computing Bucky Moore Cybersecurity
From Business Journals
24 Hour Fitness files for bankruptcy, closing 18 southern California clubs
24 Hour Fitness will close 130 clubs — including 18 in southern California —as it enters bankruptcy reorganization. 
Tags Small Business Resource Guide Food & Lifestyle Retailing & Restaurants
From Business Journals
Aecom names new CEO
Infrastructure company Aecom has named its chief financial officer, W. Troy Rudd, to chief executive, succeeding Michael Burke, who is retiring. 
Tags W/ Troy Rudd Legal Services Architecture & Engineering
From Business Journals
Academy Museum postpones opening (again) due to coronavirus
The Academy Museum of Motion Pictures now has a launch date of April 30, 2021 — five days after the new Academy Awards date on April 25. 
Tags David Rubin Bill Kramer Academy of Motion Picture Arts & Sciences
From Business Journals
Quibi tracking 5 million subscribers short of its year-one goal
The app is on track to sign on fewer than 2 million paying subscribers within its first year. 
Tags Meg Whitman Jeffrey Katzenberg Media & Marketing
From Business Journals
Southern California man indicted in Covid-19 fraud scam
A federal grand jury indicted Keith Lawrence Middlebrook, 52, of Huntington Beach on 11 counts of wire fraud. 
Tags Government & Regulations Coronavirus Keith Lawrence Middlebrook
From Business Journals
Viewpoint: Defunding police will hurt America’s small businesses
Small businesses stand to lose if quality law enforcement is not given the financial and moral support it deserves. 
Tags Government & Regulations Career & Workplace Human Resources
From Business Journals
HBO Go to go, HBO Now to rebrand after arrival of HBO Max
The AT&T division has announced changes to its HBO family of products, including the retirement of HBO Go and rebranding of HBO Now. 
Tags AT&T Inc/ Warner Media, LLC/ Digital Media
From Business Journals
Meditation app Headspace adds $48 million in funding amid coronavirus offerings
The additional financing comes during a public health crisis and related economic upheaval that have raised the profile of the mediation app. 
Tags Crunchbase Inc/ Social media Pacific Western Bank
From Business Journals
San Diego Comic-Con still on in July (but only virtually)
San Diego Comic-Con International is still holding its annual convention this summer, but instead of being held at the usually crowded San Diego Convention Center, events will be held online. 
Tags David Glanzer Technology Travel
From Business Journals
Grow Credit nets $2M seed investment to help consumers build credit scores
Grow Credit's platform helps consumers build their credit stores using their streaming accounts and cellphone bills. 
Tags Jason Robins Venture capital Capita Snowboards LLC
From Business Journals
Korn Ferry names new chief diversity officer
Korn Ferry has named Michael Hyter as the consulting firm’s chief diversity officer as part of its ongoing focus on diversity and inclusion programs and initiatives. 
Tags Korn/Ferry International Korn Ferry Recruiting & Hiring
From Business Journals
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