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News releases from L.A. Biz

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60 L.A. business charged with violating safer-at-home order, including Harley dealer
"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. 
Tags Coronavirus Government & Regulations
From Business Journals
Disney takes on $11B in new debt, fast tracking ‘Hamilton’
Disney has raised $11 billion in new debt and is putting its filmed version of “Hamilton” on Disney+. 
Tags Walt Disney Company (The) Recreational Tourism Cable & TV
From Business Journals
L.A. startup UpKeep raises $36M for facility maintenance app with coronavirus tools
UpKeep's evolving strategy includes solutions to help facilities during the coronavirus crisis. 
Tags Emergence Capital Partners Insight Partners FundersClub
From Business Journals
Movie theaters can play this movie on July 1 — if they're open
"Unhinged" starring Russell Crowe will be the first high-profile movie to open after theaters closed amid the coronavirus crisis. 
Tags National Association of Theatre Owners Media & Marketing Film Industry
From Business Journals
Cornerstone replaces founder Adam Miller with new CEO
He'll be replaced by Phil Saunders, the former CEO of Saba Software, which Cornerstone acquired last month. 
Tags Saba Software Inc/ Phil Saunders Technology
From Business Journals
Fair hires former XOJet chief as CEO
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, 
Tickers FAIR
Tags Automotive Logistics & Transportation Transportation
From Business Journals
Endeavor secures $260 million loan to help survive coronavirus hit
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. 
Tickers IMG
Tags Ultimate Fighting Championship Film Industry Silver Lake Partners
From Business Journals
Souplantation closes permanently, to declare bankruptcy
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. 
Tags Restaurants Robert Allbritton John Haywood
From Business Journals
ViacomCBS expands streaming ambitions with plans to rebrand CBS All Access, new channels on YouTube TV
ViacomCBS posted strong Q1 revenue growth in streaming and digital, with record sign-ups and consumption across both its pay and free services. 
Tickers MTV
Tags ViacomCBS Inc/ Youtube Ray Hopkins
From Business Journals
Rocket Lab resumes launch operations in New Zealand
Rocket Lab's 12th Electron launch had been scheduled for March 27 but was postponed due to the coronavirus crisis. 
Tags Peter Beck Aerospace Coronavirus
From Business Journals
Rexford Industrial buys Commerce clothing factory
The building is currently occupied by Color Image Apparel, a Los Angeles-based apparel manufacturing company. 
Tickers CBRE
Tags Jeff Stephens CRE Developers Color Image Apparel, Inc/
From Business Journals
Cathay Bank expands small business loan program to nine states
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. 
Tags Chang Liu Cathay General Bancorp Banking & Financial Services
From Business Journals
NBCUniversal's Peacock streaming service to launch on Apple devices
Peacock rolled out a free preview to eligible Comcast Xfinity X1 and Flex customers last month. 
Tags Comcast Corporation Maggie McLean Suniewick Matt Bond
From Business Journals
Burst Oral Care gets $20 million in funding round led by Goldman Sachs
L.A.-based startup Burst, which makes electric toothbrushes, plans to use its new financing to expand its dental products and market reach. 
Tags The Goldman Sachs Group Inc Brittany Stewart Startups
From Business Journals
General Motors targets May 18 to reopen North American plants
"Considerable planning is underway to restart operations in North America," says GM. 
Tags Manufacturing Automotive General Motors Company
From Business Journals
Kia Motors delivers the first batch of 95,000 face shields to SoCal hospitals
Kia said it is a part of efforts to address the shortage of personal protective equipment caused by the Covid-19 pandemic. 
Tags Health Care Coronavirus Kia Motors America, Inc/
From Business Journals
Authentic Brands Group and 101 Studios launch Sports Illustrated Studios
Sports Illustrated Studios will develop, produce and distribute long-form film, television and audio content based on the sports publication’s stories and photography. 
Tags Film Industry David Glasser Media & Marketing
From Business Journals
NBCUniversal to cut senior exec pay by 20%, rolling back raises
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. 
Tags Comcast Corp/ Universal Pictures Nbcuniversal, LLC
From Business Journals
CIM Group launches new real estate fund
The new fund will primarily invest in real assets and credit and credit-related assets. 
Tags Cim Group, Inc/ Commercial Real Estate CRE Developers
From Business Journals
Aecom builds two temp hospitals in New York to aid in coronavirus crisis
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. 
Tags Aecom Construction New York City Department of Design & Construction
From Business Journals
Elon Musk lists two L.A. homes on Zillow after tweeting he was selling his possessions
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. 
Tags Zillow Group, Inc/ Zillow, Inc/ Technology
From Business Journals
Cumulus District multi-use development moves forward in West Adams (RENDERINGS)
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. 
Tickers CBRE
Tags Commercial Real Estate CRE Developers Solomon, Cordwell, Buenz & Associates, Inc/
From Business Journals
Mattel inks deal with Warner Music Group for Barbie, Thomas songs
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. 
Tags Kevin Gore Consumer Goods Warner Music Group Corp/
From Business Journals
Mattel unveils new videos, products for Thomas & Friends’ 75th anniversary
New video content will launch May 1 with a special, “Thomas & Friends: The Royal Engine,” which features the British royal family. 
Tags Technology Netflix, Inc/ Cable & TV
From Business Journals
Disney creates Mickey Mouse, Baby Yoda, Marvel cloth face masks (PHOTOS)
Disney will donate all profits from the U.S. sales of the masks to Medshare, up to $1 million. 
Tags Media & Marketing Coronavirus Charles Redding
From Business Journals
NASA taps SpaceX among companies to build landers for moon mission
Blue Origin and Dynetics were also selected to build human landing systems. 
Tags Spacex, LLC Space Exploration Technologies Corp/ Aerospace
From Business Journals
Mattel unveils Fisher-Price first responder action figures leading the coronavirus fight
Mattel said the special-edition line honors those leading the fight against Covid-19 and “the everyday heroes who are working to keep communities up and running." 
Tags Thrive Global Manufacturing Mattel, Inc/
From Business Journals
ViacomCBS laying off staff as part of post-merger streamlining
ViacomCBS laid off more workers Wednesday as part of ongoing streamlining efforts following the merger of Viacom and CBS. 
Tags ViacomCBS Inc/ ViacomCBS Mergers and Acquisitions
From Business Journals
Southern California unemployment could reach 31% in May, estimates LAEDC
In the Los Angeles-Long Beach-Anaheim market, the report estimates that more than 1.7 million jobs will be lost and unemployment will reach nearly 32%. 
Tags Economic Development Corporation of Los Angeles County Coronavirus Shannon Sedgwick
From Business Journals
WarnerMedia buys streaming app maker
WarnerMedia is bolstering its streaming technology with the purchase of the Widget Co., a Dutch technology company that develops apps for connected TVs and OTT devices. 
Tags Media & Marketing Digital Media Warner Media, LLC/
From Business Journals
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