SPORTS
December 10, 2009 | By Lance Pugmire
Staples Center has made a guaranteed $20-million offer to host the Manny Pacquiao-Floyd Mayweather Jr. mega-fight that has been tentatively agreed on by the boxers to be fought March 13. "This is the biggest boxing event ever, and we're prepared to step up in a big way," said Dan Beckerman, chief financial officer for AEG, which runs Staples Center. Pacquiao and Mayweather have not officially agreed to the fight, but their promoters are already looking to secure a site for the lucrative bout that is the talk of the boxing community.
CALIFORNIA | LOCAL
December 7, 2009 | By Phil Willon and Maeve Reston
Los Angeles City Councilwoman Jan Perry said Monday that entertainment company AEG probably will not help defray the $3.2-million cost of police and other city services for the Michael Jackson memorial until the city attorney resolves his "criminal investigation" into the spending. "Threats are not conductive to asking people to make a donation," Perry said, referring to the inquiry ordered by City Atty. Carmen Trutanich. Later, she added, "We're faced with the sword hanging over AEG's head.
BUSINESS
December 7, 2009 | By Roger Vincent
Los Angeles-based entertainment titan AEG has found a sponsor for its new $280-million arena in Shanghai -- Mercedes-Benz. The German auto manufacturer is expected to announce today that it would lend its name to the basketball and entertainment venue under construction on the Huangpu River in one of China's most cosmopolitan cities. The facility is being developed by AEG, the National Basketball Assn. and Oriental Pearl Group, a division of Shanghai Media Entertainment Group.
CALIFORNIA | LOCAL
December 6, 2009 | By David Zahniser and Phil Willon
After nearly six months of study, the Los Angeles City Council is poised to decide this week whether Anschutz Entertainment Group should help taxpayers cover the public cost of Michael Jackson's downtown memorial ceremony at Staples Center. And if AEG steps forward with a check, it will be the latest move by the Jackson promoter to help the city's elected officials out of a jam. When the council sought voter approval of a $1-billion affordable-housing bond in 2006, AEG and its affiliates contributed $75,000.
CALIFORNIA | LOCAL
October 24, 2009 | Phil Willon and Maeve Reston
The Los Angeles City Council on Friday issued a stinging rebuke of City Atty. Carmen Trutanich, voting unanimously to reject his legal advice and back six controversial sign permits at the L.A. Live entertainment district downtown. Trutanich two weeks ago warned building officials, Councilwoman Jan Perry and representatives of L.A. Live's owner, Anschutz Entertainment Group, that they could face prosecution if sign permits for the company's new movie theater were issued, according to Perry and AEG. Trutanich said the large wall signs violated the city's new ban on outdoor ads. During a two-hour council hearing, five members scolded the city attorney for making the threats, although he did not attend the meeting.
BUSINESS
October 24, 2009 | Richard Verrier
Hollywood is moving closer to downtown Los Angeles. Phil Anschutz's sports and entertainment conglomerate AEG on Tuesday will unveil a 14-screen Regal Cinemas multiplex adjacent to Staples Center that seats 3,772 customers, making it one of the largest movie theaters in Los Angeles. The theater will debut with typical showbiz flair: The Michael Jackson movie "This Is It" will play simultaneously on all screens. At a cost of nearly $100 million, Regal Cinemas L.A. Live Stadium 14, with its three-story Art Deco-style atrium, is also one of the most expensive new movie theater complexes in the country.