The Breakdown

Explaining Southern California's economy

In SoCal business news: Jay-Z unveiled; mixed housing; 'Midnight Rider' moves to LA?

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Good afternoon.  Welcome to KPCC's business blog, The Breakdown. Every weekday, our staff compiles a list of interesting business stories in the region.

  • "Midnight Rider," the film that shut down in Georgia after a crew member was killed, could resume production in L.A. In February, camera assistant Sarah Jones died when a train barreled through the production of the Gregg Allman biopic, sparking investigations. Now, a vice president of the union IATSE says the film's producers plan to resume production in Los Angeles in June, according to The Hollywood Reporter.
  • Made in America fest is coming to Los Angeles.  Rapper/businessman Jay-Z joined Mayor Eric Garcetti and other city officials to announce that the festival will happen Aug. 30 and 31 in downtown's Grand Park, potentially drawing 50,000 people a day. (KPCC)
  • The two sides of the of the Southern California housing market. Sales of high-dollar homes are on the rise, but the same can't be said for low to medium-priced homes.  Leslie Appleton-Young, chief economist for the California Assn. of Realtors, tells the L.A. Times: "Housing affordability is really taking a bite out of the market."
  • The Los Angeles Register debuts Wednesday...but apparently not on the newsstands where KPCC reporter Ben Bergman went looking. Have you seen it?
  • Plans to re-open the Paramount Drive-In movie theater. It opened in 1947. Eight years later, it became the site of a popular swap-meet by day. In 1992, the movies stopped, but the swap meet continued. Now, the son of the original Drive-In's founder wants to bring the movies back ... on two giant screens with digital projectors and a new sound system. (Long Beach Press-Telegram)
  • USC and USA Today team up. The USC Marshall School of Business’ Sports Business Institute and the USA Today Sports Media Group are partnering to create Fields of Green, a website devoted to covering the business of sports. (Ben Bergman/KPCC). One of the site's lead articles today is about the evolution of the billion-dollar ticketing industry, written by Tony Knopp, the founder and CEO of Calabasas-based Spotlight TMS, profiled on KPCC's Take Two
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