U.S. Markets closed
  • American City Business Journals3 months ago

    L.A. startup helps SAG-AFTRA pay residuals by direct deposit for the first time

    Until now, those payments have been delivered via paper checks — 4 million of them every year. Soon, however, the industry’s performers will be able to have their residuals deposited directly into their bank accounts, thanks to a 20-year deal with Exactuals and City National. Founded in 2011, the startup, headquartered in the Los Angeles neighborhood of Westwood, offers a SaaS platform called PaymentHub aimed at the entertainment industry for residual, royalty and other complex payments.

  • Another sign that start-up funding may be drying up in Silicon Valley
    CNBC5 months ago

    Another sign that start-up funding may be drying up in Silicon Valley

    As a tough year for tech start-ups comes to a close, one of the leading providers of venture debt is exiting the market

  • American City Business Journals7 months ago

    City National Bank doubles Nashville space, plans for growth

    Los Angeles-based City National Bank came to Nashville to bank the city's biggest entertainment names, and in their five years here, they've secured the business of 90 percent of the city's business-management firms, according to bank officials. City National is doubling the size of its Nashville office, taking up 4,000-square-feet once renovations are done. With the expansion almost complete, the bank's local executives hope to be able to hire new bankers to lead the bank's efforts into other areas outside entertainment, which the bank specializes in nationwide.