Around the Valleys

CONEJO VALLEY CALABASAS Entertainment and sports ticket management firm TicketManager has received $20 million in a second round of funding that will go toward expanding into new markets. Kayne Partners, in Los Angeles, and Point Judith Capital, in Boston, led the funding round for the Calabasas company. TicketManager, formerly named Spotlight Ticket Management, manages more than 9 million sports and concert tickets each year for clients ranging from giant companies such as Wells Fargo & Co., Verizon Communications and AT&T Inc. to small law firms. THOUSAND OAKS Anthem Blue Cross announced a strategic relationship with Castlight Health Inc., an enterprise health care management company based in San Francisco. Under the agreement, Anthem customers in California will be granted access to Castlight’s customer technology tools that provide cost and quality information on health care benefits. Both companies will market Castlight’s premium management solutions. Anthem Blue Cross is a unit of Indianapolis-based Anthem Inc. Teledyne Technologies Inc. announced that it will repurchase more than 1 million shares of its common stock for about $100 million. The Thousand Oaks aerospace, marine and energy products manufacturer is buying the shares from an unnamed financial institution. The institution in turn will purchase an equivalent number of shares on the open market over the term of the transaction. The deal is part of a 2.5 million share repurchase program authorized by Teledyne’s board in January. The following month the company repurchased 1.5 million shares from an unnamed financial institution for $142 million. Agricultural biotech Ceres Inc. has signed an agreement with Forage Genetics International to develop and market improved alfalfa for livestock feed. Forage Genetics in Nampa, Idaho specializes in alfalfa breeding and will work closely with the Thousand Oaks firm to incorporate Ceres’ traits into Forage Genetics’ alfalfa varieties. The companies will begin assessing alfalfa varieties sometime next year, which will determine commercial rollouts. Ceres anticipates that the collaboration will help establish the company in the growing forage industry. Amgen Inc. beat Wall Street expectations with its third-quarter financial results. The Thousand Oaks biopharmaceutical company reported net income of $1.86 billion ($2.44 a share) in the quarter ended Sept. 30, compared to $1.24 billion ($2.72 a share) for the same period a year earlier. Revenue rose 14 percent to $5.72 billion. The company partially attributed its performance to a 30 percent surge in sales of rheumatoid arthritis drug Enbrel, which was driven by higher prices and lower inventory levels. Neulasta, which increases white blood cell counts, and anemia drug Aranesp, drove sales growth as well. SAN FERNANDO VALLEY BURBANK Walt Disney Co. missed analysts’ forecasts on revenue in its fiscal fourth quarter but exceeded Wall Street expectations on earnings. The Burbank media giant reported adjusted earnings of $1.20 a share on $13.51 billion in revenue, which represented increases of 35 and 9 percent, respectively, from the previous year. Analysts expected Walt Disney to post earnings of $1.14 a share on revenue of $13.57 billion, according to a consensus estimate from Thomson Reuters. Three business units – media networks, parks and resorts, and consumer products – showed an increase in revenue during the quarter, but filmed entertainment revenue was flat compared to the prior year, at $1.8 billion for the quarter. ENCINO John DeGrinis, an industrial properties broker in the Encino office of Colliers International, was elected president of the Society of Industrial & Office Realtors, Greater Los Angeles chapter. His term will run for two years. DeGrinis is a senior executive vice president at Colliers who has more than 30 years’ experience in the commercial real estate industry. Over the past decade, he and his team have transacted more than 20 million square feet of industrial sales and leases with a total cumulative value of $1 billion. The SIOR organization is the leading group representing real estate professionals specializing in industrial and office properties. It has some 3,100 members in more than 630 cities and 34 countries. The Los Angeles group was founded in 1946. GLENDALE Apollo Medical Holdings Inc. will collaborate with data analytics firm Helynx Inc. in Pasadena to identify high-risk patients and improve their health care. Glendale-based ApolloMed said the predictive analysis will help identify patients with the highest risk of hospital admission and readmission, predict cases with high costs and approximate hospital lengths of stay. Helynx’s platform will also record and consolidate data to identify patterns and outliers, which will help ApolloMed improve patient outcomes, while increasing efficiency and lowering costs, the company said. DreamWorks Animation SKG Inc. beat Wall Street expectations in earnings and revenue for the third quarter, helped by strong increases from its television and consumer products divisions. The Glendale film and television studio reported a net loss of $4 million (-4 cents a share) in the quarter ended Sept. 30, compared with net income of $11.9 million (14 cents) in the same period a year earlier. Revenue increased 43 percent to $259 million. Analysts on average expected a net loss of -5 cents a share on revenue of $206 million, according to Thomson Financial Network. The studio released only one film this year, “Home,” which was released on DVD during the third quarter. Total filmed entertainment revenue in the quarter was $158 million, an increase of 10 percent from the prior year. DreamWorks Animation SKG Inc. named a telecommunications executive to serve on its board of directors. Maggie Wilderotter will serve as one of eight directors of the Glendale animation studio. Her background in media, entertainment, Internet access and technology will help in growing and transforming the company, Wilderotter said. She is the executive chairwoman of Frontier Communications in Stamford, Conn., a telecomm serving small and rural communities in 29 states. She served as chief executive from 2006 to early this year. She also has served as chief executive of Wink Communications Inc., a developer of interactive television software that was later acquired by OpenTV, and in senior executive positions at AT&T Inc. PANORAMA CITY The Small Business Administration has opened a new satellite location in Panorama City to expand the agency’s reach to underserved areas. The SBA partnered with ICON Community Development Corp., a nonprofit providing consulting services for entrepreneurs and small business owners, on the new office at 8248 Van Nuys Blvd. Natalie Orta, a senior area manager with the SBC, has been assigned to the satellite office. She has 20 years’ experience working with entrepreneurs and aspiring business owners. ICON Community Development Corp. hosts the city of Los Angeles’s South Valley BusinessSource program, which promotes economic development, job creation and financial literacy for entrepreneurs and small businesses. SUN VALLEY National stage and theatrical lighting firm 4Wall Entertainment Lighting has acquired the assets of Entertainment Lighting Services in Sun Valley for an undisclosed amount. Founded in 1991 by John Chuck, Entertainment Lighting Services sells and rents lighting and staging equipment used in film and television production, theater, red carpet media events, trade show exhibits and retail stores. 4Wall has offices in four states, including California, and the District of Columbia. The company rents lighting equipment in addition to designing, fabricating and installing lighting systems. 4Wall Chief Executive Kathy Torjman said ELS’ rental, sales and special events systems operations will be folded into 4Wall’s Los Angeles facility. –Compiled by Karen E. Klein

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