The International Alliance of Theatrical Stage Employees (IATSE), the labor union that represents Hollywood film stage workers, has set an October 18 deadline to reach a deal with the studios. Read more...
Here's what else we're reading in the news:
- Trans employees at Netflix are staging a walkout to protest the company's response to criticism of Dave Chapelle's comedy special.
- TikTok says it removed almost 82 million videos that contained hateful, harassment, bullying content from its platform between April and June.
- 100 Thieves has acquired Higround, a computer hardware company that designs keyboards for gaming.
- Rivian is opening an in-person hub in Venice for retail and other public gatherings.
- The Port of Los Angeles will begin operating 24/7 to ease a congestion of shipping containers that is causing a supply shortage in the U.S.
- Rocket Lab, a Long Beach rocket maker, has acquired Advanced Solutions Inc., a Colorado-based software company, for $40 million.
- The Ford Motor Company has vacated its seat in Rivian's board of directors.
The threat of a strike serves as leverage for IATSE to win concessions from studios on a host of issues, including meal breaks, weekend rest periods and bigger payouts from streaming services. If no deal is reached then, the union will call a strike. At the time of this writing, the Alliance of Motion Picture and Television Producers (AMPTP) — the group that represents the studios — had not yet publicly responded to the October 18 deadline.
Twelve companies are set to show off their work to investors at Thursday's Demo Day after spending three months under the guidance of Techstars mentors in Culver City. These are the 12 companies presenting:
Curious Cardinals bills itself as more than a tutoring company, connecting thousands of middle and high schoolers with college students who teach them specialized topics. It recently raised $4.25 million in a seed round and has grown from a two-person operation to seven employees with $600,000 in revenue during the first year.
Cornerstone OnDemand, the Santa Monica–based learning and talent management software company, is shaking things up. Shareholders approved on Tuesday a $5.2 billion deal to take the company private.
William Shatner, the Star Trek actor who played Captain James T. Kirk, briefly went into space aboard Blue Origin's New Shepard suborbital spaceship on Wednesday. "That was unlike anything they described. … That was unlike anything you could ever feel," Shatner said during the descent.
Matt McCall is well-known to the L.A. venture community as a partner at the Pritzker Group. The company came from a very large family office, which owned The Hyatt, Royal Caribbean and the Marmon group, among others. On this episode of the L.A. Venture podcast, hear Matt McCall discuss his journey into entrepreneurship and wearing life like "a loose sweater."