The Los Angeles Kings try to sweep the Stanley Cup Championship this Wednesday evening against the New York Rangers. The battle between the companies that own the two teams goes deeper than the ice.
Anschutz Entertainment Group – or AEG - owns the Kings, and the Madison Square Garden Company– MSG – owns the Rangers. In addition to owning sports teams, both companies own major venues – like Staples Center and Madison Square Garden - and stage big concerts.
"Corporations don’t usually own sports teams, and to have two that are in the same silos I think is kinda unique," says Bob Gutkowski, a partner with Innovative Sports and Entertainment, and the former CEO of Madison Square Garden.
"It’s important for both corporations to win because it can really help that particular business and that could potentially bleed into other parts of their business," Gutkowski says.
E3 sign at the Los Angeles Convention Center
The Electronic Entertainment Expo – better known as E3 – gets underway Tuesday at the Los Angeles Convention Center. This year’s video game industry trade show happens as video game sales continue to climb, but employment in the industry appears volatile.
The Entertainment Software Association, which puts on E3, says consumers spent $21.5 billion on video games, hardware and accessories in 2013, up from $20.77 billion the year before. Meanwhile, GameJobWatch.com reports at least 3400 employees with video game makers lost their jobs last year.
The contrast in the numbers may come from the cyclical nature of work in the video game industry, according to Mike Zyda, director of the GamePipe Laboratory at USC's Vitterbi School of Engineering. When a company is developing a new game, it hires engineers, artists, designers, support and marketing staff, but Zyda says it’s common for a company to make cuts once a game gets established in the marketplace. Nonetheless, Zyda says, there is a large and constant need for programmers in the video game industry.
As California Chrome tries to become the first horse since 1978 to win the Triple Crown, the three-year-old thoroughbred is already carrying plenty of California horse racing history on his back.
The horse has become famous for bucking the establishment by being bred in California from very modestly priced parents and being owned by people who've chosen to call themselves "Dumbass Partners." His success, meanwhile, comes at a pivotal moment for the horse-racing industry in Southern California.
Saturday's Belmont Stakes is the culmination of an historic winning streak that California Chrome started the day horse-racing ended at Hollywood Park. On December 22nd, he won the last stakes race at the 75-year-old race track in Inglewood.
"I’ve had a lot of ups and downs here, but this is where I started," said California Chrome's jockey Victor Espinoza that day. "When I moved to California, this is where I won my first race."
Copies of the Orange County Register slide through the presses. The newspaper is the country’s 20th most-read daily, with a circulation of about 285,000.
Less than two months ago, I had a lengthy conversation with Orange County Register publisher Aaron Kushner right before he launched the Los Angeles Register, and I asked him about the financial health of his company:
You’ve had to make layoffs, you had to stop matching employee retirement contributions, you had trouble putting up the money for the Press-Enterprise sale, you’ve been sued by the Register’s former owner’s for not making a payment. … All these things suggest that your company is not in great financial shape.
To the contrary, we closed the Press-Enterprise transaction in six weeks, which anyone who has purchased large complex businesses knows is really quick. And we did close it. The proof is in the pudding. When you look at the facts of what we have accomplished and what we are accomplishing, we are a very dynamic and growing business and expect to continue to grow.
Are you profitable?
We’re very happy with where we are. We expect that we’ll have a very healthy and profitable year this year.
Car2Go’s North American CEO Nicholas Cole compares his company to iTunes, where instead of buying the whole album you just buy a few songs.
What if you could rent a car by the minute and leave it in any parking space when you’re done?
That’s the pitch behind a new car-sharing service, backed by German luxury carmaker Daimler, that launches in the South Bay Friday.
When Car2Go asked Redondo Beach mayor Steve Aspel permission to operate in his city, to say he was skeptical would be putting it mildly.
“When I first heard about it, I thought they were out of their mind,” recalled Aspel.
Then, he began to come around. The company would pay his city so that its 150 cars could occupy any public parking spot without customers having to feed the meter.
“It’s a new concept," said Aspel. "Guys like me, I’m 61 years old, and we don’t think of this sort of stuff. That’s why the world needs stuff like Car2Go. If you notice, the representatives of Car2Go are all young.”