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News releases from L.A. Biz

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SpaceX to set a new record with first launch of 2021
Elon Musk's aerospace company will attempt to fly a Falcon 9 rocket booster for a record number of times. 
Tags Aerospace Technology Spacex, LLC
From Business Journals
GOAT gets strategic investment from French luxury fashion company
The Culver City, California, sneaker marketplace will use the money to continue its expansion into fashion apparel and new categories. 
Tags E/commerce Retailing
From Business Journals
ViacomCBS sets launch date for Paramount+
The New York-based media and entertainment conglomerate said it will provide a "comprehensive overview" of its streaming strategy on Feb. 24. 
Tags ViacomCBS Inc/ Media & Marketing Digital Media
From Business Journals
Virgin Orbit to demo its LauncherOne air-launched rocket
The Long Beach company aims to air-launch its LauncherOne rocket from the Cosmic Girl Boeing 747-400 aircraft at high altitude. 
Tags Richard Branson Virgin Orbit, LLC Technology
From Business Journals
Disneyland ends annual pass program
The program will be replaced by a new membership offerings that are currently under development. 
Tags Recreational Tourism Travel Travel & Tourism
From Business Journals
Coca-Cola sells Zico coconut water back to brand founder’s fund
PowerPlant Ventures, a growth equity fund focused on consumer food, beverage, and foodservice companies, has formed a new company, Zico Rising. 
Tags The Coca/Cola Co/ Manufacturing Coca/Cola Company (The)
From Business Journals
L.A. film shoots plunged in December amid Covid surge
After growing steadily through October, film permit applications slowed in November, then dropped sharply last month. 
Tags Film Industry Paul Audley Media & Marketing
From Business Journals
Scopely hires former Facebook games exec as chief marketing officer
The move comes less than three months after Scopely's last financing round, which brought the mobile-games company's valuation to $3.3 billion. 
Tags Zynga Inc/ Ben Webley Tim O'Brien
From Business Journals
Outer raises $10 million for outdoor furniture backyard showrooms
With people spending more time at home during the coronavirus crisis, the outdoor furniture brand saw its sales grow by 1,000% last year. 
Tags Consumer Goods Jiake Liu Retailing
From Business Journals
Dollar Shave Club founder — and star of its ads — steps down as CEO
The lifestyle brand and e-commerce company's new chief joins from Sur La Table. 
Tags Sunny Jain E/commerce Sur La Table
From Business Journals
Faraday Future said to be in talks to go public with a SPAC
The Los Angeles-based EV maker is said to be in talks to merge with blank-check company Property Solutions Acquisition Corp. 
Tags Tesla Inc/ Mergers and Acquisitions Automotive
From Business Journals
Los Angeles' Covid test could be issuing false negatives, FDA says
The city intends to continue to use the Curative test at its city-operated testing sites, however, Mayor Eric Garcetti said. 
Tags Insurance Food and Drug Administration Health Care
From Business Journals
Kia Motor America COO Bill Peffer leaves company after one week in new role
Kia Motors has not yet appointed a successor. 
Tags Manufacturing Sean Yoon Kia Motors America, Inc/
From Business Journals
BuyBuy Baby names Honest Co. vet senior VP and general manager
She also held previous roles at Mattel and Walmart. 
Tags Patty Wu Retailing Bed Bath & Beyond Inc/
From Business Journals
SpaceX to launch controversial Turkish satellite
The Hawthorne, California-based aerospace company is scheduled to launch the Türksat 5A satellite on Thursday. 
Tags Technology Aerospace Space Exploration Technologies Corp/
From Business Journals
‘Wonder Woman 1984’ sets pandemic box office record with $16.7M in sales
The film, which also launched on HBO Max, beat the $10 million that “Tenet” notched when it premiered in September. 
Tags Gal Gadot David Gross Patty Jenkins
From Business Journals
Upright Citizens Brigade sells Sunset Boulevard location
The comedy's location on Franklin Avenue remains open for now. 
Tags Matt Walsh Amy Poehler Film Industry
From Business Journals
We're heading toward a hybrid retail model. Here's what that looks like, according to a CBRE report.
The way we are shopping now is shaping how we will shop in the future when the coronavirus crisis has passed. 
Tags E/commerce Cbre Group, Inc/ Retailing
From Business Journals
MGM eyeing a sale
The legacy Hollywood studio has hired Morgan Stanley and LionTree for the sale process. 
Tags Morgan Stanley Liontree LLC Netflix Inc/
From Business Journals
Zevia lands $200 million investment for zero-calorie beverages
The money from(CDPQ) will be used to expand Zevia's reach beyond the United States and Canada. 
Tags Caisse De Depot Et Placement Du Quebec Paddy Spence Retailing & Restaurants
From Business Journals
Ford recalling 30,000 full-size vans, Explorers and Aviators
It's the second recall of Explorers and Aviators in as many months. 
Tags Ford Motor Company Automotive Manufacturing
From Business Journals
Aecom teams with NJ's Bergen County, Columbia on Covid-19 wastewater testing
Wastewater testing can provide early indication of increases in infection rates and the effectiveness of vaccine deployment in specific areas. 
Tags Aecom Paul Storella Julien Neals
From Business Journals
Fat Brands to merge with controlling shareholder Fog Cutter Capital
The merger will provide Fat Brands increased financial flexibility and simplified corporate structure. 
Tags Fat Brands Inc/ Andy Wiederhorn Retailing
From Business Journals
Relativity Space, which has yet to launch a rocket, signs seventh customer
Launch integration company TriSept Corp. has tapped Relativity for a mission that could take place as early 2022. 
Tags Aerospace Rob Spicer Technology
From Business Journals
CAA’s Creative Labs gets $5 million investment from Japan's Dream Link
Creative Labs will launch a Tokyo-based division to focus on the Japanese market. 
Tags Digital Media Cable & TV Lane Merrifield
From Business Journals
C-Suite Rides: OK diesel lovers, the Jeep Gladiator now takes your fuel (PHOTOS)
Is checking the diesel-power option box on the Gladiator worth the extra $4,000? 
Tags Jim Morrison Fiat Chrysler Automobiles N/V/ Manufacturing
From Business Journals
HMBradley raises $18 million to reward users who save
The more HMBradley customers save, the more interest they earn — up to 3% if they're putting away 20% of their direct deposits. 
Tags Zach Bruhnke Chime Venture capital
From Business Journals
MeUndies raises $40 million for new undies
Provenance, a Beverly Hills-based growth growth equity investment firm, made the investment, adding MeUndies to a portfolio that includes Dagne Dover and Knot Standard. 
Tags Retailing Anthony Choe MeUndies Inc
From Business Journals
Relativity Space raising $500 million round that rockets its valuation
The Long Beach aerospace startup aims to put its 3D-printed rockets into commercial service in 2021. 
Tags Y Combinator Relativity Space Playground Global LLC
From Business Journals
Hulu hikes price of live TV services
The new rates go into effect for both new and existing subscribers starting on Dec. 18. 
Tags Digital Media Media & Marketing
From Business Journals
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