Woodland Hills Zenith National Insurance Corp. reported that its second-quarter profit rose 17 percent on increased workers’ compensation income. Net income increased to $54.1 million, or $1.46 diluted share, from last year’s $46.4 million, or $1.26 per share, the company reported. Revenue decreased by 20 percent to $266.9 million from a year prior.

Video game developer and publisher THQ, Inc. completed its acquisition of Paradigm Entertainment, the company announced Tuesday. Details of the all-cash transaction between Agoura Hills-based THQ and Paradigm, based in Dallas, were not released. Paradigm was founded in 1997 and is the creator of games such as Pilot Wings 64, Beetle Adventure Racing, and SpyHunter. Paradigm is currently working on a new version of Stuntman for next generation gaming consoles and is slated to release the game later this year.

North Valley Regional Chamber of Commerce, Events and Entertainment Cluster 5:30 p.m. 9401 Reseda Blvd, Suite 100, Northridge Contact (818) 349-5676

Chatsworth-based Image Entertainment Inc. has signed a distribution agreement with Jive Records R & B; music artist R. Kelly for his first live concert DVD. The agreement gives Image exclusive digital video distribution rights of the live concert taped in March at the Paramount Theatre in Oakland, Calif. The DVD will be produced by Ann Carli and directed by Jim Swaffield, who both worked on DVDs for pop icon Britney Spears and Ciara. Image Senior Vice President of Worldwide Programming Barry Gordan said in a statement, “We are anticipating a huge response from his millions of fans around the world.” R. Kelly is a Grammy winner and has sold almost 40 million albums worldwide.

United Online, Inc. has partnered with Best Buy stores to market voice phone services and the new PrivatePhone service, the company announced Monday. Best Buy stores will distribute CDs for the NetZero Voice Unlimited service at a reduced cost, and for the free PrivatePhone service. PrivatePhone.com was launched in June and offers a free phone number and voicemail allowing a user to protect their privacy. Users can use the number as a way to screen calls rather than giving out a home, work or cellular number. Best Buy was United Online’s first major ritual distributor starting in 2003, said United Online Chairman and Chief Executive Officer Mark Goldston. “This partnership is a perfect fit because like United Online, Best Buy is committed to giving consumers quality products and services at a reasonable price,” Goldston said. Woodland Hills-based United Online is a leading provider of consumer Internet and media services.

Digital Insight Corp. settled on Monday arbitration claims connected with its 2003 purchase of Magnet Communications. Under terms of the settlement agreement, Calabasas-based Digital Insight recovered 119,834 of its common shares held in escrow since the Magnet acquisition closed in November 2003. Former Magnet stockholders receive the balance of the escrow. The settlement has no impact on Digital Insight’s income statement for the second quarter ended on June 30. Resolving the arbitration eliminates the potential distraction from Digital Insight’s focus on its business operations, the company said. Digital Insight is a leading online provider for financial institutions.

Bank of Santa Clarita said today that its assets have grown 50 percent to $93.6 million in the second quarter ended June 30, versus $62.6 million at Dec. 31, 2005. The bank generated $10.7 million in net new loans, an 18 percent increase over the first quarter of 2006. For the second quarter, Bank of Santa Clarita lost $104,000 versus a net loss of $458,000 for the second quarter of 2005.

North Valley Regional Chamber of Commerce, Networking Breakfast 7:00 a.m. Northridge Fashion Center, Food Court, 9301 Tampa Avenue, Northridge Contact (818) 349-5676

United Chambers of Commerce, Board of Directors Meeting 7:30 a.m. 8:30 a.m. 5121 Van Nuys Blvd., 2nd Fl, Sherman Oaks Contact (818) 981-4491

The German Cartel Office gave the go ahead this week for MGA Entertainment, Inc. to form a strategic partnership with Zapf Creation AG, Europe’s leading brand manufacturer of play and functional dolls. The July 19 decision also allows the Van Nuys-based MGA to purchase additional shares in the foreign company. The partnership between MGA and Zapf allows for Zapf to have its products distributed in North America and South America via MGA’s infrastructure and for MGA products to be distributed in Europe though Zapf’s infrastructure. The German company needs to pair with MGA to have access to its sales and marketing expertise to bring in badly needed revenue and profits, said MGA Chief Executive Officer Isaac Larian. “Time is of the essence and we need to move fast so as not to lose the window for selling more goods this fall as well as for the spring 2007, especially in North America,” Larian said. Earlier in the month, Larian and some associates acquired a 19 percent share of Zapf Creation. MGA manufactures the popular Bratz line of dolls and other consumer goods.