It probably won't come us a surprise to many that Blockbuster, once the market leader in home video rentals, is preparing to file for bankruptcy. "Executives from Blockbuster and its senior debt holders last week held meetings with the six major movie studios to discuss their intention to enter a 'pre-planned' bankruptcy in mid-September, said several people familiar with the situation who requested anonymity due to the sensitivity of ongoing talks," reports the LA Times. more ›

If you thought Westfield was the king of malls, then watch out for Simon Property Group's latest offer of $10 billion to buy the struggling and bankrupt General Growth Properties, which was announced today. If the offer is accepted, Simon would grow from more than 300 U.S malls to 550 of them, making them the largest mall owner in the country, according to the Wall Street Journal. Locally, General owns the Northridge Fashion Center, Burbank Town Center, Glendale Galleria and Fallbrook Center. Simon owns numerous properties, mostly on the outskirts of the Los Angels region including Ontario Mills, Camarillo Premium Outlets, The Block at Orange and Del Amo Fashion Center in Torrance. more ›

If you are employed in the entertainment industry in this town then it's likely that you have gotten paid at some point though Axium-Avalon Payroll services. Over the last 10 years they have been the payroll service for almost every job I have had. Including my current company. more ›