News releases from L.A. Biz
Mattel's #ThankYouHeroes toy line honors first responders in the fight against Covid-19 as well essential workers helping keep communities up and running, with net proceeds going to charity.
Valerio will begin in the newly created role this month and oversee the strategy and execution for FabFitFun’s global finance, accounting, investor relations and business operations initiatives.
Josh D'Amaro has been named chairman of Disney Parks, Experiences and Products, and Rebecca Campbell chairman of Direct-to-Consumer and International.
Inari Medical Inc., a maker of medical devices to treat venous diseases such as blood clots, is planning an initial public offering of its stock worth up to $117 million.
"As we begin the task of carefully reopening Los Angeles, my office will continue to be vigilant in enforcing the safer-at-home order," said City Attorney Mike Feuer.
Disney has raised $11 billion in new debt and is putting its filmed version of “Hamilton” on Disney+.
"Unhinged" starring Russell Crowe will be the first high-profile movie to open after theaters closed amid the coronavirus crisis.
He'll be replaced by Phil Saunders, the former CEO of Saba Software, which Cornerstone acquired last month.
Fair hires former XOJet chief as CEO
May 11, 2020
Stewart is taking over from Fair's interim CEO Adam Hieber, who will resume as an operating partner at SoftBank Investment Advisers, a major backer of the company,
Entertainment company Endeavor Group Holdings Inc. has secured a $260 million loan, on top of already implemented cost-cutting measures, to help it survive the coronavirus pandemic.
The all-you-can-eat soup and salad restaurant chain is permanently closing all its locations as it sees no way to continue amid the shutdown of dine-in restaurants due to the coronavirus pandemic.
ViacomCBS expands streaming ambitions with plans to rebrand CBS All Access, new channels on YouTube TV
May 07, 2020
ViacomCBS posted strong Q1 revenue growth in streaming and digital, with record sign-ups and consumption across both its pay and free services.
Rocket Lab resumes launch operations in New Zealand
May 07, 2020
Rocket Lab's 12th Electron launch had been scheduled for March 27 but was postponed due to the coronavirus crisis.
Rexford Industrial buys Commerce clothing factory
May 07, 2020
The building is currently occupied by Color Image Apparel, a Los Angeles-based apparel manufacturing company.
Cathay Bank is expanding its small business loan program to all nine states it serves and is boosting funding to the loan program to $3 million from an original $2 million.
L.A.-based startup Burst, which makes electric toothbrushes, plans to use its new financing to expand its dental products and market reach.
Kia said it is a part of efforts to address the shortage of personal protective equipment caused by the Covid-19 pandemic.
Sports Illustrated Studios will develop, produce and distribute long-form film, television and audio content based on the sports publication’s stories and photography.
NBCUniversal has become the latest media company to announce executive pay cuts as part of cost-cutting measures to address the financial pain stemming from the coronavirus pandemic.
CIM Group launches new real estate fund
May 05, 2020
L.A.-based construction company Aecom has completed the construction of two temporary hospitals in New York City, just one month after receiving the contract.
Elon Musk is selling two of his Los Angeles homes, just a few days after the billionaire said he was selling all his physical possessions.
Cumulus District, located at La Cienega and Jefferson Boulevards, is on track to begin leasing some apartments this summer with move-ins starting in the fall.
The deal covers Mattel's catalog of more than 1,000 songs from brands such as Barbie, Thomas & Friends, Hot Wheels, American Girl and Fisher-Price.