The Breakdown

Explaining Southern California's economy

In SoCal business news: Sony nabs rights to book on Snowden, Bill to increase CA film tax credits moves forward

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

  • Sony Pictures has optioned the film rights to Glenn Greenwald's book “No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State.”  (Hollywood Reporter)
  • A bill pending in the California Legislature would require used cars that get recalled by the manufacturer to be repaired before they're sold. (LA Times)
  • A bill designed to expand California’s $100 million film and TV tax credit program passed its second legislative hurdle. (Deadline) The bill cleared the Assembly's Arts, Entertainment, Sports, Tourism and Internet Media Committee in late March. (KPCC)
  • Nonprofit employers make up 10 percent of the workforce in Long Beach. (Press Telegram)
  • A recent report suggest the ATM industry could help boost consumer adoption of the virtual currency bitcoin. (Pando)

Got business news? Tweet our business team: Wendy Lee (@thewendylee), Brian Watt (@radiobwatt) and Ben Bergman (@thebenbergman). 

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