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Disney Slashes Executive Bonuses

Disney’s theme parks suffered majorly amid the pandemic, losing nearly $7 billion and planning to lay off around 32,000 employees.

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Netflix Tops 200 Million Subscribers

Netflix Inc. reached a new subscription milestone in the fourth quarter as the streaming company topped 200 million paid viewers.

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Paramount+ Sets March Launch Date

ViacomCBS' rebranded streaming platform will roll out in the U.S. and Latin America on March 4.

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Virgin Orbit Conducts First Successful Launch

Virgin Orbit launched its first rocket into orbit, carrying satellites on behalf of NASA.

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Cryptocurrency, Biotech Set the Pace in a Solid Year for LA Stocks

It was a year that will be remembered for a pandemic, an economic downturn and social justice protests, but for many publicly traded companies in Los Angeles, 2020 will also go down as a period of strong gains in the equities markets.

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Zico Founder Buys Beverage Line Back From Coca-Cola

Coconut water company Zico was reacquired by its founder from the Coca-Cola Co. for an undisclosed sum.

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Uplifting Results Labs Raises $8.2 Million

Uplifting Results Labs Inc., the Playa Vista-based nutrition startup behind the Muniq health brand, raised $8.2 million in Series A funding, the company announced Jan. 12.

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Bloomingdale’s to Close Santa Monica Store

The closure is part of a move by Bloomingdale’s parent company, Macy’s Inc., to shutter 45 stores by mid-2021.

LA’s Big Game Developers Ride the Mobile Wave

Culver City-based Scopely Inc.’s “Scrabble GO” might seem like a typical multiplayer mobile word game.

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Roku Acquires Quibi Content Catalog

Roku strikes a deal to acquire rights to Quibi’s library of more than 75 short-form shows.

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