Good morning! Welcome to KPCC's business blog, The Breakdown. Every weekday, our staff compiles a list of interesting business stories in the region.
- Beverly Hills-based Relativity Media makes rival offer to buy digital video company Maker Studios for up to $1.1 billion (Variety). The deal competes with Disney's offer to buy Maker for up to $950 million. Culver City-based Maker Studios has more than 55,000 channels on YouTube with 380 million subscribers (KPCC).
- Lionsgate is expanding its presence on YouTube, by partnering with RocketJump Studios (The Wrap). Reporter Brent Lang says the alliance will help Lionsgate get access "to 6.8 million subscribers and nearly a billion views across all platforms."
- Time Warner Cable and the Dodgers executives accuse DirecTV of being "selective in offering the SportsNetLA feed as part of its 'Extra-Innings' package" (Los Angeles Times). The tension comes as DirecTV and other distributors haven't come to a deal with Time Warner Cable and the Dodgers to air the games (KPCC).
- Pratt & Whitney is considering leaving San Diego, where the company makes auxiliary power units for aircraft (U-T San Diego). Reporter Jonathan Horn says Pratt & Whitney employs 530 people and says moving may help it become more competitive in the marketplace.
- The Los Angeles Register launches on Wednesday (Orange County Register). Media consultant Ken Doctor tells reporter Mary Ann Milbourn it could "take up to three years for the Los Angeles Register to make even minor inroads into the market." The Register's parent company has been expanding its distribution, including to desert communities like Palm Springs, earlier this year (KPCC).
- Forget the beach. Over the weekend, 1,300 people went to UCLA for the nation's largest hackathon (Daily Bruin).
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