Coronavirus Updates: Newsom Talks Businesses Opening; Wave Hosts Virtual Concerts; Film Release Rumblings

Coronavirus Updates: Newsom Talks Businesses Opening; Wave Hosts Virtual Concerts; Film Release Rumblings
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Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.

  • Newsom eyeing how to reopen businesses -- at least in parts of the state
  • No concerts? No problem. Wave to host virtual performance series with avatars
  • Trolls scores $100 million in revenue from streaming, bypassing shuttered theaters; AMC lashes out

    Newsom says eyeing how to reopen businesses -- at least in parts of the state

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    Los Angeles startups like Bird, ZipRecruiter, Shipsi and Tender Greens have been slammed in the fallout of the COVID-19 pandemic, being forced to layoff and furlough vast portions of their workforce. There was a glimmer of hope Tuesday that perhaps some businesses are getting closer to getting back to work. Gov. Gavin Newsom said Tuesday that he believes the state is "weeks, not months, away from making meaningful modifications" to its current shelter-at-home restrictions.

    However, Newsom's announcement of a four-phase plan did not mention any specific dates in which non-essential business can open their doors. He said the state is examining data, and that additional progress needs to be made. During the same press conference, he said California education and health officials are examining even opening up school districts in certain parts of the state in late July or August. However, he is leaving many of the major decisions to regions of the state. Los Angeles County announced it surpassed 1,000 deaths on Tuesday from the coronavirus.

    No concerts? No problem. Wave to host virtual performance series with avatars 

    Wave

    Wave, an L.A.-based entertainment technology company, announced it will host a series of virtual concerts throughout the spring and summer. Performers will include John Legend, Tinashe, and Galantis, the last of whom will kick off the "One Wave" series on Thursday, April 30. "Through our proprietary technology and core gaming capabilities," said Wave CEO Adam Arrigo in a statement, "Wave can go beyond the traditional live streaming concerts and create artist avatars, virtual environments and interactive experiences that truly immerse audiences at the nexus of gaming and entertainment."

    "Performances will stream across various social media and gaming platforms, so fans can socialize and interact with the artists as they perform, cheer as part of a global avatar audience, voting on key show moments, play mini games, and socialize with each other," the statement continued. Wave, founded in 2016, claims that up to 500,000 fans have tuned in to its past virtual concerts. Proceeds from the One Wave series will go to non-profit organizations that could use a hand during the coronavirus pandemic, the company said.

    Trolls scores $100 million in revenue from streaming, bypassing shuttered theaters

    upload.wikimedia.org

    Universal Pictures' Trolls World Tour earned nearly $100 million in revenue over three weeks via streaming, The Wall Street Journal reported today. The sequel reportedly has already earned more revenue than the original Trolls film did over the five months of its traditional-style theatrical release. Theater owners have long fought for exclusive exhibition windows at the beginning of a film's release cycle, but with venues shuttered due to the coronavirus, studios have begun to look at streaming as an option to circumvent this entrenched arrangement.

    The encouraging figures (which may have been boosted by circumstances) could add momentum to the theater-window paradigm's further unraveling. But not if the theater owners have their say. AMC, the nation's largest theater chain, already threw down the gauntlet pledging to boycott all Universal movies: "Effectively (sic) immediately AMC will no longer play any Universal movies in any of our theatres in the United States, Europe or the Middle East," AMC CEO and President Adam Aron said in a statement. "This policy affects any and all Universal movies per se, goes into effect today and as our theatres reopen, and is not some hollow or ill-considered threat."

    Fuel Innovation: 7 Unforgettable Team Building Experiences in LA
    Image Source: Discover LA

    In today's competitive business landscape, team building activities have emerged as a crucial tool for fostering a positive work environment, enhancing productivity, and crucially, improving employee retention. Studies have shown that such activities help employees feel valued, with one report indicating that 93% of those who felt appreciated were more motivated at work. Importantly, team building events may improve retention rates, as employees who feel connected to their colleagues and company culture are more likely to stay long-term. With these benefits in mind, let's explore some of the most engaging and effective team building activities available in Los Angeles.

    Pickleball

    Image Source: Modern Luxury Angelino

    Pickleball is a fantastic team bonding activity because of the easy-to-grasp rules and gentle pace make it perfect for everyone, regardless of age or fitness level. The game thrives on communication and teamwork, as players must collaborate and strategize to outplay their opponents, boosting team cohesion. Plus, the lively, fast-paced action sparks friendly competition and laughter, creating a fun and spirited atmosphere that brings everyone closer together. Los Angeles boasts numerous pickleball courts that are easy to rent if you have your own equipment. If you need additional assistance organizing your pickleball outing, there are plenty of full-service companies ready to handle every detail for you.

    Resources: Pickle Pop, Corporate Pickle


    Escape Room

    Image Source: The Escape Game

    Escape rooms are a great way to build camaraderie. They require participants to work together, combining their problem-solving skills and creativity to overcome challenges and puzzles. The immersive and time-sensitive nature of escape rooms fosters collaboration and communication. Additionally, the shared experience of tackling complex tasks and reaching a common goal helps build trust and foster positive emotions among colleagues.

    Resources: The Escape Game, 60Out


    Day Trip to Catalina Island

    Image Source: Love Catalina

    Catalina Island is a perfect day trip for a team because it provides a break from the usual work environment, allowing team members to relax and connect in a new setting. Shared experiences during the trip, such as exploring new places and participating in fun activities, help build stronger relationships and foster a sense of camaraderie. There are numerous team-building activities such as an arboreal obstacle course, an island tour, scavenger hunts and more.

    Resources: Catalina Island Group Activities


    Top Golf

    Image Source: Topgolf

    Topgolf is an excellent team building event because it provides an inclusive, relaxed atmosphere that accommodates players of all skill levels, fostering personal connections and improving team morale. The unique blend of competition and entertainment creates an ideal setting for building trust, enhancing communication, and revealing hidden skills among team members. Additionally, Topgolf offers structured team building packages with guided activities, discussion prompts, and lessons on culture, change, collaboration, and strategy, making it a versatile and effective platform for strengthening relationships and boosting overall team performance.

    Resources: Topgolf El Segundo


    SoFi Stadium Tour

    Image Source: Discover LA

    A SoFi Stadium tour offers a unique, behind-the-scenes experience of one of the world's most advanced sports venues, allowing team members to explore exclusive areas like premium suites, team locker rooms, and the player tunnel together. The tour provides a shared, memorable experience that can foster camaraderie and spark conversations among team members, regardless of their interest in sports. Additionally, the stadium's state-of-the-art features and impressive architecture can inspire creativity and innovation, while the group setting encourages interaction and collaboration, making it an engaging and enjoyable activity for teams of various sizes and backgrounds

    Resources: SoFi Stadium Group Tours


    Corporate Volunteering

    Image Source: L.A. Works

    Volunteer work serves as an excellent team building activity by uniting employees around a shared, meaningful cause, fostering a sense of purpose and collective accomplishment. It provides opportunities for team members to collaborate in new ways, often revealing hidden strengths and leadership qualities that may not be apparent in the regular work environment. Additionally, engaging in community service can boost morale, enhance the company's reputation, and instill a sense of pride among employees, leading to improved workplace relationships and increased job satisfaction.

    Resources: Habitat for Humanity, L.A. Works, VolunteerMatch


    Corporate Improv Sessions

    Image Source: Improv for the People

    A corporate improv class encourages spontaneity, creativity, and quick thinking, skills that are valuable in the workplace. It promotes active listening and collaboration, as participants must work together to create scenes and respond to unexpected situations, fostering better communication and trust among team members. Additionally, the playful and often humorous nature of improv helps break down barriers, reduces stress, and creates a shared positive experience that can improve team morale and cohesion long after the event.

    Resources: Improv-LA, Groundlings, Improv for the People

    🎬 Paramount and Skydance Are Back On
    Image Source: Paramount

    Happy Friday Los Angeles! Hope you all had a fantastic Fourth!!

    🔦 Spotlight

    Paramount and Skydance Media have rekindled talks to merge after negotiations abruptly halted in June. The proposed deal, contingent on approval from Paramount’s board, aims to combine Paramount’s extensive media holdings—including CBS, MTV, and Nickelodeon—with Skydance’s film expertise showcased in hits like "Top Gun: Maverick." This merger signals a potential transformation in the media landscape, positioning the new entity to compete more effectively amid challenges from streaming services and the decline of traditional cable TV.

    Led by Shari Redstone, Paramount’s controlling shareholder via National Amusements, the deal represents a pivot towards revitalizing Paramount’s strategic direction amidst financial struggles and shareholder concerns. The involvement of major investors like RedBird Capital Partners and David Ellison underscores the financial backing aimed at stabilizing Paramount’s operations and addressing its $14 billion debt burden. Importantly, the agreement includes provisions to protect National Amusements from potential legal challenges, addressing previous hurdles that stalled earlier negotiations.

    The deal also includes a 45-day period for Paramount to explore alternative offers, highlighting continued interest from other potential buyers like Barry Diller’s IAC and media executive Edgar Bronfman Jr. This flurry of activity underscores the significant stakeholders’ interest in Paramount’s future and its potential as a key player in a rapidly evolving media industry.


    🤝 Venture Deals

    LA Companies

    • Sidecar Health, a startup that offers personalized health insurance plans to businesses that allow members to see any doctor and pay directly at the time of service, raised a $165M Series D led by Koch Disruptive Technologies. - learn more

    LA Venture Funds


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