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XE3 is Back, and LA Stands to Make Up for Lost Millions
Samson Amore
Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.
E3 will return to the Los Angeles Convention Center next year, bringing with it tens of millions in much-needed revenue for the city.
After canceling the show in 2020 because of COVID, going online-only in 2021, then again canceling the entire event this year, E3 is finally coming back to Los Angeles in-person next year and this time it is betting that a new event company, ReedPop, can help the struggling show ascend back to the peak of pop culture.
ReedPop has experience running blockbuster events like New York Comic-Con and the annual Star Wars Celebration hosted by Lucasfilm in Anaheim, and that focus on fandom could help reel in more people willing to shell out up to nearly $1,000 for E3 passes.
Started by the Entertainment Software Association in 1995, the in-person E3 conference has been held in Downtown L.A. consistently since 2008. Originally E3 was created to be a trade show event, but over the years it's morphed into more of a fan service, with publishers spending millions on flashy show booths and swag to entice fans into pre-ordering or buying their latest title.
It’s not just locals who are expected to pour in and stimulate the local economy–there’s a sizable contingent of fans who travel from other states or internationally to post up in Los Angeles for the week of E3, plus higher-spending executives from overseas gaming firms with big bankrolls.
Some 65,000 E3 attendees booked over 29,000 hotel rooms during the last in-person conference in 2019. That plus food, transit costs and other spending brought in over $83 million for the city, Los Angeles City Tourism Department Executive Director Doane Liu told dot.LA earlier this year.
After taking a beating during the early years of the pandemic, L.A.’s hotel occupancy was at 54% in the fourth quarter of 2021, according to data from the Downtown Center Business Improvement District. That’s slightly up from the 49% occupancy rate in 2020 reported by the City Tourism Department, but still nowhere near full.
Liu told dot.LA in January that the city collects a tax on hotel rooms booked, which helps boost the city’s overall budget. It also will “practically give away the Convention Center” if organizers book a specific number of rooms, Liu said, which is part of a plan to entice business travelers to come to L.A.
Until next year, though, the L.A. Live district Downtown that was completed in 2009 to cater to event-goers will remain eerily quiet. E3 is one of the Convention Center’s biggest events, though it did just see “tens of thousands” of anime fans descend on Downtown for the annual Anime Expo in June.
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Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.
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samsonamore@dot.la
Former Amazon and Lyft Execs Launch Incubator and Tech Talent Hybrid Startup
04:37 PM | August 17, 2022
RYZ Labs wants to be a one-stop shop for startups looking to scale up and add new talent.
California natives Jordan Metzner and Sam Nadler created RYZ Labs, and their résumés make it clear they’ve got the knowledge and experience necessary to help others hit the ground running. In 2006, the pair launched California Burrito Co., a chain restaurant with international reach; in 2013, they founded the “Uber for Laundry,” Washio. Add in Metzner’s five years at Amazon and Nadler’s time at Lyft, and you have a potent combination of industry savvy and entrepreneurial flair.
Metzner and Nadler bring that collective knowledge to bear in RYZ Labs, which calls itself a “hybrid startup studio.” That means RYZ is ready to help with two of the more daunting challenges any growing venture faces: Refining a startup’s vision and building the kind of staff needed to execute that vision—on a budget, if necessary. RYZ Labs’ official announcement is succinct: They want to “help existing startups scale fast and spend less.”
In an interview, Jordan Metzner tells dot.LA his time with Amazon played a significant role in returning to entrepreneurship. “I was able to work on entrepreneurial projects pretty much like the whole time,” he says, “And I basically was able to come up and generate new ideas and turn them from ideas into little startups at Amazon….”
Metzner also says that in his position, he got to "see both sides and how projects are able to set their value within the organization, how impactful they must be.”
Metzner’s final Amazon project helped turn him back toward the startup world. He invented Amazon’s Ring Drone, and after that, Metzner says, “I just knew that… creating things from scratch is still really where my passion was.”
“So yeah,” he says, “I had dreamed of building a startup studio for years.” According to Metzner, that takes “not just the desire to do it, but probably a collection of career experiences that have brought me to this place.”

Thanks partly to Metzner’s and Nadler’s connections in Latin America (California Burrito Co. started in Argentina before expanding to six other Central and South American countries), RYZ Labs has international ambitions. As Metzner says in the launch announcement, RYZ combines two of his passions: “Latin America and business creation. Having lived and worked in Latin America for many years, I love the people and truly believe in the region’s tech prowess and potential.”
As experts on the Latin American market, Metzner and Nadler have the advantage of being able to identify the region’s top engineers. However, there are many other reasons for RYZ Labs to encourage founders to look beyond North America, including pandemic-inspired normalization of remote work, economic instability in the U.S., an untapped reserve of talented engineers, and more practical, simple advantages such as time zones lining up.
Expanding on the COVID-19-inspired advantages of distributed teams, Metzner tells dot.LA "that probably leads to part of the human capital side of our business.”
He notes that it has “been easier and easier to add additional teammates that may not be sitting in the same room as you. And as long as you speak the same language and you're in the same time zones, you know, it can be a super easy way to communicate and to build.”
RYZ Labs was in “stealth mode” for a year and, in that time, launched startups like HipTrain, a wellness coaching marketplace, and Offsiteio, which handles planning corporate offsite meetings. Asked if the nature of the startups he and Nadler work with has changed, Metzner notes that HipTrain is a “business that probably only could have been built due to the pandemic” thanks to the videoconferencing boom.
Regarding Offsiteio, Metzner says, "of course, companies always used to get together,” but “the idea of getting together was maybe like a summer picnic or something.”
“And now that the teams are, you know, in different places,” he continues, “getting together as a team is more important, and it's a shift from spending it on properly planned equipment and office space and spending it on experiences to bring your team together and create bonds to create a culture within your organization.”
RYZ’s development and staffing process is relatively straightforward. After incubating ideas and creating a workable—and saleable—version of a product or service, they move on to hiring leaders, then setting the stage for outside investors. After that, the “Human Capital” part of the equation kicks in, focusing on finding Latin American talent.
Asked if he has general advice for anyone in the earliest stages of conceiving a startup, Metzner keeps it simple: “Best place to start is to buy a domain name and get started,” he says.
“I mean, there's been more and more online tools to help build everything from websites to web applications, to communication with your customers. There's a lot of no code tools that even we use sometimes that are great intermediaries as you're building product.”
One clear thing that comes across when speaking with Metzner is that he’s happy about launching RYZ Labs in his hometown. “I was born in Los Angeles,” he says, “My mother was born in Los Angeles. Her parents were born in Los Angeles. I've lived in LA my entire life. I've moved around but came back.”
“I love Los Angeles, and I think it's a great place to build,” Metzner concludes, “I think it has such an entrepreneurial spirit based off of Hollywood films and the fact that every Hollywood movie is almost like a new business. It's an awesome place to build a company.”
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Steve Huff is an Editor and Reporter at dot.LA. Steve was previously managing editor for The Metaverse Post and before that deputy digital editor for Maxim magazine. He has written for Inside Hook, Observer and New York Mag. Steve is the author of two official tie-ins books for AMC’s hit “Breaking Bad” prequel, “Better Call Saul.” He’s also a classically-trained tenor and has performed with opera companies and orchestras all over the Eastern U.S. He lives in the greater Boston metro area with his wife, educator Dr. Dana Huff.
steve@dot.la
Disney Picks AI, Paramount Picks a Fight
10:30 AM | December 12, 2025
🔦 Spotlight
Happy Friday, Los Angeles.
If last week felt like Netflix bought the script for Hollywood’s future, this week Disney and Paramount walked in with rewrites. One is handing its most valuable characters to an AI model. The other is trying to yank Warner Bros. away from Netflix with an all cash offer. Underneath both headlines is the same fight over who really owns the audience.
Disney, OpenAI and the AI powered vault
The Walt Disney Company struck a multiyear agreement with OpenAI that turns Sora into a kind of licensed imagination engine for more than 200 characters across Disney, Marvel, Pixar and Star Wars. Fans will be able to generate short, Sora made videos and images featuring Mickey, Moana, Darth Vader and others, with Disney curating select clips onto Disney Plus, while ChatGPT also rolls out inside the company.
For a studio that has spent years guarding its IP with lawyers, this is a big tone shift. Disney is telling the next generation of fans that playing with the characters happens through an AI model, not just a camera or sketchbook. That could create new formats and jobs, but it also blurs the line between human made and machine made work and puts fresh pressure on ongoing union conversations about training data, credits and compensation.
Paramount crashes the Netflix and Warner Bros. story arc
On the deal side, Warner Bros. Discovery is suddenly the lead in a love triangle. After Netflix announced plans to buy WBD’s studios and streaming business for a mix of cash and stock, Paramount Skydance came in with a hostile, all cash tender offer at 30 dollars per share for the entire company, including linear networks like CNN, TNT Sports and Discovery.
So WBD investors are looking at two very different futures. A Netflix deal would bolt Warner’s IP and production engine onto the world’s largest streaming platform and strip away cable. A Paramount deal would fuse two legacy Hollywood houses and keep more of the old bundle intact. For creators and crews in LA, both paths point to the same reality: fewer, bigger buyers with more control over what gets made, how it is distributed and who gets paid.
Taken together, Disney’s OpenAI partnership and the escalating fight over Warner Bros. are not just AI news or M&A news. They are signals that the next version of Hollywood will be built by a tight circle of platforms that own the IP, the channels and now the models that sit between creators and audiences.
Now keep scrolling for this week’s LA venture deals, fund announcements and acquisitions.
🤝 Venture Deals
LA Companies
- K2 Space, a Torrance-based startup building large, high-power satellite platforms, raised a $250M Series C at a $3B valuation in a round led by Redpoint with participation from T. Rowe Price–advised accounts, Hedosophia, Altimeter, Lightspeed and Alpine Space Ventures. The company says the funding will accelerate deployment of its next generation “heavy-lift era” spacecraft, built to deliver far more power and capability than typical smallsats and to support missions across LEO, MEO and GEO for commercial and U.S. government customers, where it already has over $500M in signed contracts. - learn more
- Stic raised a $10M bridge round led by Accretion Capital, bringing the Los Angeles based out of home adtech startup’s valuation to $200M. The company, which turns everyday drivers into mobile ad inventory for brands, plans to use the funding to expand across more than 30 U.S. states and Canada, deepen relationships with national advertisers and agencies, and strengthen its operations in new markets. - learn more
- Machina Labs secured a strategic investment and initial partnership agreement from Abu Dhabi’s Strategic Development Fund, the investment arm of EDGE Group, as part of a plan to deploy its AI driven robotic manufacturing technology in the UAE. The deal includes an initial capital infusion with potential funding of up to AED 125 million as the parties explore a joint venture to produce advanced metal structures for sectors like aerospace, defense, and mobility. Machina Labs’ software defined RoboCraftsman platform will anchor the collaboration, enabling rapid, flexible production of complex metal components closer to regional demand. - learn more
- AnySignal raised a $24M Series A led by Upfront Ventures, with participation from Also Capital, BlueYard Capital, Balerion Space Ventures, First In Ventures and other strategic backers. The Los Angeles based company plans to use the funding to scale production of its space communications and RF systems, expand its national security product lines, and build a new LA area facility that brings everything from algorithm design to high rate manufacturing under one roof. - learn more
- Saviynt raised a $700M Series B growth round at an approximately $3B valuation, in a financing led by KKR with participation from Sixth Street Growth, Ten Eleven, and existing backer Carrick Capital Partners. The Los Angeles based identity security company says it will use the capital to accelerate product development and integrations as enterprises lean on its AI powered platform to govern human, machine, and AI agent identities across applications, data, and infrastructure. - learn more
- Haven Energy raised $40M in new funding to accelerate its push into distributed residential power, combining an equity round led by Giant Ventures with a debt facility from Turtle Hill and additional backing from investors including the California Infrastructure Bank, Carnrite Ventures, Chaac Ventures, Comcast Ventures, and Lerer Hippeau. The Los Angeles based company plans to use the capital to deepen partnerships with utilities and community choice aggregators, expand its solar plus battery leasing model and Channel Partner Program for local installers, and scale one of the nation’s largest residential virtual power plant networks, building on more than 10 MW installed and over 50 MW in development for 2026. - learn more
- Diald AI raised $3.75M in funding to expand its AI powered real estate due diligence and underwriting platform for investors and lenders. The company says it will use the capital to deepen its data coverage, enhance underwriting automation, and grow its customer base of institutional and private real estate investors looking to analyze deals faster and with more consistency across markets. - learn more
- Hot Smart Rich, Maggie Sellers Reum’s fast growing “female ambition” media brand, has secured a seven figure strategic investment from Steven Bartlett’s media and investment company FlightStory. The partnership aims to turn HSR into a transatlantic platform that connects culture, content, capital, and community, with ambitions to 10x revenue and headcount across production, marketing, product, ecommerce, and membership. In under a year, Hot Smart Rich has already built a cult following with around 1.8M downloads and roughly 500,000 audience members by blending money and business talk with an intimate, group chat tone. - learn more
LA Venture Funds
- Mucker Capital backed Orion Sleep’s $18M seed round, joining investors including Browder Capital and Second Sight to support the launch of the company’s AI powered Smart Cover. The startup’s mattress cover fits over any standard bed, uses built in sensors to track heart rate, breathing and sleep stages, and automatically heats or cools each side of the bed to optimize deep and REM sleep. Orion says the funding will help scale production and commercialization of its system, which starts at $2,295 and is designed as a more accessible alternative to fully replacing a mattress. - learn more
- B Capital led Fervo Energy’s oversubscribed $462M Series E, backing the Houston based company’s push to make next generation geothermal a core source of always on, carbon free power. Fervo says the round will accelerate buildout of its flagship Cape Station project in Utah, expected to reach 500 MW by 2028, and support early development of additional plants as rising AI and electrification demand strain the grid. - learn more
- Trousdale Ventures joined Vatn Systems’ $60M Series A, a round led by BVVC that the Rhode Island based defense tech company says is one of the largest financings in the autonomous underwater vehicle space. Vatn plans to use the capital to expand its team, accelerate R&D, and scale manufacturing of its Skelmir AUV platforms and INStinct navigation system as it deepens work with the U.S. Navy and Marine Corps and grows its international customer base. - learn more
- Morpheus Ventures participated in Nu Quantum’s $60M Series A, an oversubscribed round led by National Grid Partners with Gresham House Ventures also joining to back the company’s distributed quantum networking platform. Nu Quantum says it will use the capital to accelerate its “Entanglement Fabric” roadmap, scale its team, and expand globally as it connects multiple quantum processors into a modular, fault tolerant “quantum datacenter” architecture. - learn more
- Morpheus Ventures joined Fresco’s €15M Series C round, backing the company’s push to power AI driven cooking experiences across a growing network of connected kitchen appliances. The round, which also included new and existing investors like Middleby, ACT Venture Capital, AE Ventures and Alsop Louie Partners, will help Fresco scale its AI Cooking Companion and KitchenOS platform globally, integrate more OEM partners, and deliver personalized, cross brand cooking guidance to home cooks. - learn more
- Rainfall Ventures participated in Zed’s $16.5M Series A, a round led by Accel that brings the company’s total funding to $22.5M. The husband and wife founded fintech, is building a digital bank for young professionals across Asia, and plans to use the new capital to expand its APAC footprint, grow its team in San Francisco and Manila, and deepen its AI driven underwriting and credit products for this demographic. - learn more
- GroundForce Capital invested in RTZN Brands, the company behind Righteous Felon, to help scale its cleaner, craft-first jerky and meat snack portfolio. The funding follows a year of triple digit sales growth and expanding national distribution, and will support broader retail rollout, deeper club and grocery partnerships, and new high protein, clean ingredient products as Righteous Felon pushes to become a defining brand in the better for you meat snack category. - learn more
- Amplify.la participated in Pryzm’s $12.2M seed round, which was led by Andreessen Horowitz’s American Dynamism fund with additional backing from XYZ Venture Capital and Forum Ventures. Pryzm is building an AI powered operating system for federal procurement that helps government agencies discover, evaluate, and acquire emerging technology faster, while giving contractors a unified view of opportunities and capture workflows. The company plans to use the funding to scale its platform across more defense and civilian agencies and grow its team in key hubs like Washington, D.C., Boston, and New York. - learn more
- Saban Ventures joined Lin Health’s $11M oversubscribed Series A, backing the company’s virtual, neuroscience based chronic pain recovery platform alongside lead investor Proofpoint Capital and other new and existing backers. Lin Health plans to use the funding to advance product innovation, strengthen partnerships with major health systems and payers, and expand nationwide access to its non opioid, physician led and coach supported programs for conditions like migraines, IBS, and back and joint pain. - learn more
LA Exits
- tvScientific is being acquired by Pinterest, which has entered into a definitive agreement to buy the connected TV performance advertising platform as it pushes deeper into CTV. Pinterest plans to integrate tvScientific’s outcome based CTV buying, automation and attribution tools into its Performance+ and other AI powered ad products, giving advertisers a clearer view of how connected TV contributes to performance campaigns. The deal, which is subject to regulatory review and expected to close in the first half of 2026, will see tvScientific continue operating under its own brand while tapping Pinterest’s intent rich audience data across 600 million monthly users. - learn more
- VuePlanner has been acquired by Cadent, which is folding the YouTube ad planning and measurement startup into its predictive advertising platform to strengthen what it calls a “Total Video” strategy across linear TV, CTV, and YouTube. The deal gives Cadent’s clients access to VuePlanner’s AI and expert curated tools for contextual targeting, quality scoring, and independent measurement on YouTube, so advertisers can plan and activate campaigns across premium creator content and traditional TV from a single, end to end workflow. - learn more
- Cinapse is being acquired by Wrapbook and will join the film and TV payroll and production accounting platform to create a more “connected back office” that links scheduling, payroll, and accounts payable in one system. The deal brings Cinapse’s modern, cloud based scheduling tools and track record across more than $6 billion in productions into Wrapbook’s financial infrastructure, with the goal of giving producers, ADs, and studios a unified way to plan shoots and track every dollar from schedule to spend. - learn more
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