The Breakdown

Explaining Southern California's economy

In SoCal business news: Sriracha founder could open more factories, Amazon Prime-HBO deal doesn't include Game of Thrones

David Tran with an air filter atop his Sriracha chili sauce factory.
David Tran with an air filter atop his Sriracha chili sauce factory. Sharon McNary/KPCC

Good morning! Welcome to KPCC's business blog, The Breakdown. Every weekday morning, we compile a list of interesting business stories in the region.

  • Sriracha creator Huy Fong Foods could open other facilities elsewhere, in places like Texas (Pasadena Star-News). CEO David Tran tells reporter Sarah Favot the company will "outgrow" its Irwindale factory in three years. But KPCC's Brian Watt says moving out of Irwindale would be a complicated endeavor.
  • Amazon Prime users will get to stream older HBO shows like "The Sopranos" (Associated Press). But you'll have to wait to watch the Red Wedding. The deal doesn't include current popular shows like "Game of Thrones" (Variety). 
  • San Diego County has the lowest office leasing activity since 2009 (U-T San Diego). Reporter Roger Showley says the decline could be due to higher rental rates and taxes. 
  • Studios and TV producers are using software to help them take down pirated videos on YouTube or make money off of them (The Wrap).
  • MTV Video Music Awards is coming to The Forum next year (The Hollywood Reporter). The Forum was reopened earlier this year after a $100 million makeover (KPCC)
  • L.A. tourism grows at a slower pace than other top cities because there aren't enough hotel rooms here (Los Angeles Times).
  • Dorian Satoshi Nakamoto, who denies being the creator of bitcoin, wants to "hug" his supporters for giving him more than $20,000 worth of bitcoins (San Francisco Chronicle). 

Got business news? Tweet me @thewendylee.

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