April 22, 2014 |
The Chernin Group and AT&T have formed a venture to invest more than $500 million in online video services, increasing their reach in a rapidly expanding market that competes with traditional television channels. Chernin Group, run by the former Fox president Peter Chernin, is contributing to the new venture its majority stake in Crunchyroll , a subscription video-on-demand service that specializes in Japanese animation known as anime. In announcing the venture Tuesday, the two companies did not identify what properties they might want to buy. The goal, they said, was to invest in advertising and subscription video-on-demand channels and streaming services.
April 15, 2014 |
James Van Der Beek of “Dawson's Creek” fame has sold a house in Valley Village for $1,155,250. The 3,017-square-foot house, built in 1936, features a great room with vaulted ceilings, exposed beams, a bonus room and an open kitchen with bar seating. There are four bedrooms and three bathrooms. French doors off the master suite overlook a swimming pool at the rear of the one-story home. Van Der Beek, 37, was on "Don't Trust the B-- in Apartment 23" (2012-13) and stars in new series “Friends With Better Lives.” Striking contemporary in Beverly Crest He paid $1.26 million for the house in 2005 and had been leasing it out for nearly $5,000 a month, according to the MLS. The property was listed at $1.155 million.
April 14, 2014 |
China Film Co. Ltd., the largest film distributor in China, has invested in two forthcoming movies from Legendary Entertainment, the Burbank-based film finance and production company. Legendary East, an affiliated company of Legendary Entertainment, said on Monday afternoon that China Film Co. made "an over eight figure equity investment" in the films "Seventh Son" and "Warcraft. " If the pictures are approved for release in China, China Film Co. will distribute them there.
April 10, 2014 |
Swedish home goods giant Ikea Group is investing in its first wind farm in the U.S., joining a parade of other companies that are venturing into the renewable energy sector. The company purchased Hoopeston Wind, an energy project under construction in Illinois. The wind farm is expected to be up and running by the first half of 2015. Apex Clean Energy, a green power company in Charlottesville, Va., is building and running the project. PHOTOS: World's most expensive cities Steve Howard, chief sustainability offer at Ikea, said the investment will be good for the company's business and the nation's energy independence.
April 6, 2014 |
Why bother with a "go-anywhere" mutual fund? For many investors the answer may be that there's no need. If you have a well-diversified portfolio and a truly long-term focus, your asset mix may suit you just fine. Older investors who are more fearful of severe losses, however, may have a different view. Ditto for investors who are looking to put money to work now but are wary with many stocks near record highs and with bond yields depressed. Chris Hauswirth, a principal at investment advisory firm Wetherby Asset Management in San Francisco, said he uses go-anywhere funds for 5% to 10% of some clients' portfolios, as a way to add diversification.
April 6, 2014 |
Over the last six years, roaring bears and raging bulls both have had their turns to be right about financial markets. But investing success in the next market phase could be far more about pinpointing individual opportunities than riding a wave. This is when it should pay for a money manager to have maximum flexibility: the option to go almost anywhere with investors' dollars in search of decent returns. That could include stocks, bonds, real estate or commodities, for example.