Latest news with #Bornstein
Yahoo
13-05-2025
- Business
- Yahoo
Olympics broadcast center and movie studio coming to Hollywood Park
Rams owner Stan Kroenke will build a movie studio next to SoFi Stadium in Inglewood that will serve as the international broadcast center for the 2028 Olympic Games. Construction will start by summer on the studio and production facility that will house hundreds of broadcasters from around the world that have acquired rights to cover the Summer Games in Los Angeles, Kroenke's company said Tuesday. After the Games, the facility known as Hollywood Park Studios will be used to make movies, television shows and other productions and perhaps host live broadcasts. The development is part of Hollywood Park, a multibillion-dollar complex built on the site of a former horse racing track also known as Hollywood Park that includes the stadium, apartments, theaters, offices, shops and restaurants. A luxury hotel is under construction there, and more development including a grocery store and medical offices is being considered. Kroenke's organization hopes that attention from the Olympics will boost Hollywood Park Studios' appeal as a future entertainment production center. "We want it to be recognized around the world," said Alan Bornstein, who is overseeing development of the studio for Kroenke. Read more: New hotel at SoFi Stadium to cater to athletes and fans The studio is part of Hollywood Park's master development plan focusing on media, entertainment and technology, Bornstein said, anchored by SoFi Stadium, YouTube Theater and the NFL Media office building. "There has been an increasing convergence of media and technology and sports, all under the notion of entertainment that is now distributed in in multiple channels," Bornstein said, "whether it's through streaming or whether through broadcast television or movies in theaters," The first phase of Hollywood Park Studios will occupy 12 acres and will consist of five soundstages, each 18,000 square feet, two of which may be opened to a single 36,000-square-foot stage. The complex will have a three-story, 80,000-square-foot office building to support stage, production and postproduction activities. The studios will have a dedicated open base camp where trucks, equipment and actors' trailers could be placed, along with a parking structure for 1,100 cars. Future development could include as many as 20 stages and 200,000 square feet of related office space. The additional stages would be built to suit for future tenants as demand emerges, Bornstein said, who declined to estimate how much the studio complex will cost. Although demand for soundstages outstripped supply a few years ago, production has recently slowed and dampened the current need for them. Last year, the average annual occupancy rate dropped to 63%, a further indication of Hollywood's sustained production slowdown, according to a recent report by FilmLA, a nonprofit organization that tracks on-location shoot days in the Greater Los Angeles area. That was a decline from 2023, which saw an average regional occupancy rate of 69%. That was the year when dual strikes by writers and actors crippled the local production economy for months. The foray into Hollywood-level production facilities is part of Kroenke's goal to combine sports, entertainment and media from around the world, Bornstein said. In addition to the Rams, Kroenke is owner of the Denver Nuggets basketball team, the Colorado Avalanche hockey team, the Colorado Rapids soccer team, the Colorado Mammoth lacrosse team and Arsenal Football Club, the Premier League soccer team based in London. SoFi Stadium, where the Chargers also play football, will be converted into the largest Olympic swimming venue in history during the Games in 2028. It will host the Olympic opening ceremony with the Los Angeles Memorial Coliseum, as well as the opening ceremony for the Paralympic Games. Kroenke is also a major real estate developer and landlord. The 300-acre Hollywood Park project is one of the largest mixed-use developments under construction in the western United States. SoFi Stadium alone cost $5 billion to build. Read more: Rams' new headquarters to be centerpiece of ambitious Warner Center development project Last month, he also unveiled plans for a new Rams headquarters on a 100-acre site at Warner Center in Woodland Hills that would include a residential and retail community intended to be the centerpiece of the San Fernando Valley. It could cost more than the total price of Hollywood Park, which has been valued by outside observers at more than $10 billion. Creating a second epicenter in Woodland Hills allows the Rams to significantly increase the size of their footprint in the Southern California market. 'When you're looking to do a practice facility, you don't need to be right in the middle of everything, and typically that real estate is very expensive,' Kroenke told The Times. 'We built an identity in the Valley, with Cal Lutheran, and a lot of our players and families are up there. Our experience was really good.' Architecture firm Gensler spearheaded the design for the Warner Center headquarters and Hollywood Park Studios. Clayco will be the general contractor for the studio, with Pacific Edge acting as project manager. Financing was arranged by Guggenheim Investments. Times staff writer Sam Farmer contributed to this report. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times.
Los Angeles Times
13-05-2025
- Business
- Los Angeles Times
Olympics broadcast center and movie studio coming to Hollywood Park
Rams owner Stan Kroenke will build a movie studio next to SoFi Stadium in Inglewood that will serve as the international broadcast center for the 2028 Olympic Games. Construction will start by summer on the studio and production facility that will house hundreds of broadcasters from around the world that have acquired rights to cover the Summer Games in Los Angeles, Kroenke's company said Tuesday. After the Games, the facility known as Hollywood Park Studios will be used to make movies, television shows and other productions and perhaps host live broadcasts. The development is part of Hollywood Park, a multibillion-dollar complex built on the site of a former horse racing track also known as Hollywood Park that includes the stadium, apartments, theaters, offices, shops and restaurants. A luxury hotel is under construction there, and more development including a grocery store and medical offices is being considered. Kroenke's organization hopes that attention from the Olympics will boost Hollywood Park Studios' appeal as a future entertainment production center. 'We want it to be recognized around the world,' said Alan Bornstein, who is overseeing development of the studio for Kroenke. The studio is part of Hollywood Park's master development plan focusing on media, entertainment and technology, Bornstein said, anchored by SoFi Stadium, YouTube Theater and the NFL Media office building. 'There has been an increasing convergence of media and technology and sports, all under the notion of entertainment that is now distributed in in multiple channels,' Bornstein said, 'whether it's through streaming or whether through broadcast television or movies in theaters,' The first phase of Hollywood Park Studios will occupy 12 acres and will consist of five soundstages, each 18,000 square feet, two of which may be opened to a single 36,000-square-foot stage. The complex will have a three-story, 80,000-square-foot office building to support stage, production and postproduction activities. The studios will have a dedicated open base camp where trucks, equipment and actors' trailers could be placed, along with a parking structure for 1,100 cars. Future development could include as many as 20 stages and 200,000 square feet of related office space. The additional stages would be built to suit for future tenants as demand emerges, Bornstein said, who declined to estimate how much the studio complex will cost. Although demand for soundstages outstripped supply a few years ago, production has recently slowed and dampened the current need for them. Last year, the average annual occupancy rate dropped to 63%, a further indication of Hollywood's sustained production slowdown, according to a recent report by FilmLA, a nonprofit organization that tracks on-location shoot days in the Greater Los Angeles area. That was a decline from 2023, which saw an average regional occupancy rate of 69%. That was the year when dual strikes by writers and actors crippled the local production economy for months. The foray into Hollywood-level production facilities is part of Kroenke's goal to combine sports, entertainment and media from around the world, Bornstein said. In addition to the Rams, Kroenke is owner of the Denver Nuggets basketball team, the Colorado Avalanche hockey team, the Colorado Rapids soccer team, the Colorado Mammoth lacrosse team and Arsenal Football Club, the Premier League soccer team based in London. SoFi Stadium, where the Chargers also play football, will be converted into the largest Olympic swimming venue in history during the Games in 2028. It will host the Olympic opening ceremony with the Los Angeles Memorial Coliseum, as well as the opening ceremony for the Paralympic Games. Kroenke is also a major real estate developer and landlord. The 300-acre Hollywood Park project is one of the largest mixed-use developments under construction in the western United States. SoFi Stadium alone cost $5 billion to build. Last month, he also unveiled plans for a new Rams headquarters on a 100-acre site at Warner Center in Woodland Hills that would include a residential and retail community intended to be the centerpiece of the San Fernando Valley. It could cost more than the total price of Hollywood Park, which has been valued by outside observers at more than $10 billion. Creating a second epicenter in Woodland Hills allows the Rams to significantly increase the size of their footprint in the Southern California market. 'When you're looking to do a practice facility, you don't need to be right in the middle of everything, and typically that real estate is very expensive,' Kroenke told The Times. 'We built an identity in the Valley, with Cal Lutheran, and a lot of our players and families are up there. Our experience was really good.' Architecture firm Gensler spearheaded the design for the Warner Center headquarters and Hollywood Park Studios. Clayco will be the general contractor for the studio, with Pacific Edge acting as project manager. Financing was arranged by Guggenheim Investments. Times staff writer Sam Farmer contributed to this report.
Business Insider
13-05-2025
- Business
- Business Insider
Some startups are using the label 'AI agent' to raise prices, says Andreessen Horowitz partner: 'There's a marketing angle to agents'
"AI agent" may be the buzziest term in tech, but some startups are using the label to raise prices, said a partner at Andreessen Horowitz, one of Silicon Valley's most prominent venture capital firms. "There's a marketing angle to agents," said Guido Appenzeller, a partner at a16z, on a company podcast released May 2. "A couple of startups are basically saying, 'Hey, we can price this software that we're building much, much higher because this is an agent.'" Appenzeller said that a "continuum" of startups is cashing in on the hype by branding simple tools as AI agents. "The simplest thing that I've heard being called an agent is basically just a clever prompt on top of some kind of knowledge base," he said. A user asks about a technical problem, and the "agent" looks at the knowledge base and comes back with a "canned response." An agent for some of these startups "could just be a large language model with a chat interface," he added. Appenzeller and partners Matt Bornstein and Yoko Li were discussing how to define AI agents — systems that are supposed to act autonomously to complete tasks. Andreessen Horowitz is a backer of Sam Altman's OpenAI and Elon Musk's xAI. It is seeking to raise a $20 billion fund to invest more heavily in AI, sources told Reuters last month. The company did not respond to Reuters' requests for comment. "I don't think anything we have are actually agents," said Bornstein. The term itself "may be poorly defined and kind of overloaded," he added. Companies have been using AI agents to automate elaborate, multi-step tasks. For instance, Regie AI uses "auto-pilot sales agents" to automatically find leads, draft personalized emails, and follow up with buyers. Big Four professional services firm PwC unveiled " agent OS," a platform that makes it easier for agents to communicate with one another to execute tasks. But the more steps an agent takes to complete a task, the more likely it is to make errors, Business Insider reported last month. Despite the ambiguity, AI companies are betting big on agents to drive returns. The Information reported in March that OpenAI plans to sell Ph.D.-level agents starting at $20,000 a month and eventually expects 20% to 25% of its revenue to come from agents. "If 2024 was the year of LLMs, we believe 2025 will be the year of agentic AI," Praveen Akkiraju, a managing director at Insight Partners, previously told BI. Bornstein, however, cautioned against letting hype lead strategy. "Let's look at the actual technology underlying what we're calling agents," he said. "Where are they being deployed, and why?"
Yahoo
14-04-2025
- Health
- Yahoo
The White House says Trump's weight and 'frequent victories' at golf games are evidence of good health
The White House released the results of President Donald Trump's annual physical exam. Trump's doctor said the 78-year-old is in "excellent health." Trump has often touted his victories at golf tournaments held at his own golf clubs. President Donald Trump's doctor said in a medical report released on Sunday that the 78-year-old is in "excellent health" and is "fully fit to execute the duties of Commander-in-Chief." "President Trump remains in excellent health, exhibiting robust cardiac, pulmonary, neurological, and general physical function," White House physician Sean Barbabella wrote in his report. Barbabella wrote that Trump had his annual physical exam on Friday and agreed to release his medical report to the public. "I have never felt better, but nevertheless, these things must be done!" Trump wrote in a Truth Social post on April 7, days before the examination. Barbabella's report said Trump weighs 224 pounds, 20 pounds lighter than Trump's last physical exam as president in 2020. "His active lifestyle continues to contribute significantly to his well-being," Barbabella wrote. "President Trump's days include participation in multiple meetings, public appearances, press availability, and frequent victories in golf events." Trump has often touted his victories at golf tournaments organized by his own clubs. Trump told reporters on April 6 that he won the Senior Club Championship held at the Trump National Golf Club in Jupiter, Florida. "You heard I won, right? Did you hear I won?" Trump said, adding that he had a "very low handicap." As promised on Friday, President Trump's Annual Physical Examination Results: — Karoline Leavitt (@PressSec) April 13, 2025 On Friday, Trump told reporters he thought he "did well" for the physical exam. "I felt I was in very good shape. A good heart, a good soul, a very good soul," Trump said on Friday. Trump is the oldest elected president and will be 82 when he leaves office in January 2029. He was also the oldest presidential candidate after President Joe Biden dropped out of the election in July. Biden was 81 when he halted his reelection campaign. In 2015, the Trump campaign released a letter by his then-physician, Harold Bornstein, about his health. Trump was 69 at the time and in the midst of his first presidential campaign. In his letter, Bornstein wrote that Trump's "laboratory test results were astonishingly excellent" and "his physical strength and stamina are extraordinary." Bornstein later told CNN Trump had written the letter himself. "He dictated that whole letter," Bornstein said in 2018. "I didn't write that letter." "I just made it up as I went along," Bornstein added. The White House did not respond to a request for comment from Business Insider. Read the original article on Business Insider
Yahoo
14-04-2025
- Health
- Yahoo
The White House says Trump's weight and 'frequent victories' at golf games are evidence of good health
The White House released the results of President Donald Trump's annual physical exam. Trump's doctor said the 78-year-old is in "excellent health." Trump has often touted his victories at golf tournaments held at his own golf clubs. President Donald Trump's doctor said in a medical report released on Sunday that the 78-year-old is in "excellent health" and is "fully fit to execute the duties of Commander-in-Chief." "President Trump remains in excellent health, exhibiting robust cardiac, pulmonary, neurological, and general physical function," White House physician Sean Barbabella wrote in his report. Barbabella wrote that Trump had his annual physical exam on Friday and agreed to release his medical report to the public. "I have never felt better, but nevertheless, these things must be done!" Trump wrote in a Truth Social post on April 7, days before the examination. Barbabella's report said Trump weighs 224 pounds, 20 pounds lighter than Trump's last physical exam as president in 2020. "His active lifestyle continues to contribute significantly to his well-being," Barbabella wrote. "President Trump's days include participation in multiple meetings, public appearances, press availability, and frequent victories in golf events." Trump has often touted his victories at golf tournaments organized by his own clubs. Trump told reporters on April 6 that he won the Senior Club Championship held at the Trump National Golf Club in Jupiter, Florida. "You heard I won, right? Did you hear I won?" Trump said, adding that he had a "very low handicap." On Friday, Trump told reporters he thought he "did well" for the physical exam. "I felt I was in very good shape. A good heart, a good soul, a very good soul," Trump said on Friday. Trump is the oldest elected president and will be 82 when he leaves office in January 2029. He was also the oldest presidential candidate after President Joe Biden dropped out of the election in July. Biden was 81 when he halted his reelection campaign. In 2015, the Trump campaign released a letter by his then-physician, Harold Bornstein, about his health. Trump was 69 at the time and in the midst of his first presidential campaign. In his letter, Bornstein wrote that Trump's "laboratory test results were astonishingly excellent" and "his physical strength and stamina are extraordinary." Bornstein later told CNN Trump had written the letter himself. "He dictated that whole letter," Bornstein said in 2018. "I didn't write that letter." "I just made it up as I went along," Bornstein added. The White House did not respond to a request for comment from Business Insider. Read the original article on Business Insider
