Good morning! Welcome to KPCC's business blog, The Breakdown. Every weekday, we compile interesting business stories affecting Southern California.
- Disney and DirecTV are doing a Dish-like deal. DirecTV is in talks with Walt Disney Co to license the rights to offer Disney's broadcast and cable channels as part of an Internet-based product. The deal would be similar to the agreement that Disney and Dish Network Corp announced earlier this week, according to Reuters.
- The man behind Bitcoin is among us (or not). Newsweek says it has tracked down the inventor of the virtual currency -- in Temple City. This week’s cover story begins in the driveway of Satoshi Nakamoto, a graduate of Cal Poly Pomona.
- Actors and managers squabble over code of conduct. SAG-AFTRA unveiled a new Code of Ethics and Conduct for talent managers that represent actors. While the union says it’s a voluntary code, the Talent Managers Association has refused to endorse it, according to the LA Times.
- Rentech to sell alternative energy technology assets to a Chinese company. The LA-based supplier of wood chips, pellets, and nitrogen fertilizers announced that it has agreed to sell its alternative energy technologies and equipment to Sunshine Kaidi New Energy Group Co., a renewable energy company in Wuhan, China, according to the LA Business Journal.
- John Wayne Airport is a $2.8 billion economic engine. That's according to a study by a consulting firm. The study says the Orange County airport directly support 22,000 jobs, according to the OC Register.
Got business news? Tweet the business team reporters: Wendy Lee (@thewendylee), Brian Watt (@radiobwatt) and Ben Bergman (@thebenbergman).