Short-form video distributor Loop Media Inc. has signed a partnership agreement with Drone TV, a streaming channel for aerial videos from around the world. Financial terms of the deal between Loop Media, in Glendale, and Drone TV, in Minneapolis, were not disclosed. Loop will make the footage available through its business platform and its app for consumers. Drone TV is powered by AirVuz LLC, a drone video hosting website operator. It provides viewers with a curated collection of videos shot...

Salem Media Group Inc. badly missed Wall Street expectations on earnings and revenue for the first quarter as the coronavirus impacted its business, but its shares gained more than 9 percent. The Camarillo-based Christian broadcaster, publisher and online content distributor reported a net loss of $55.2 million (-$2.07 a share) for the quarter ending March 31, compared with net income of $322,000 (1 cent) in the same period a year earlier. Revenue decreased by 4 percent to $58.3 million. A...

BioSolar Inc. has filed a patent application for a process to protect its high-power batteries for use in power tools and hybrid electric vehicles. The Santa Clarita company has applied its silicon additive technology to materials that can reduce the cost of lithium-ion battery engineering and manufacturing, it said in a release. Chief Executive David Lee said that filing the patent application brings the company one step closer to the commercialization of its silicon additive technology. “As...

Ken Karklin has been promoted to chief operating officer at AeroVironment Inc. effective immediately, the company announced. Karklin has served as senior vice president of operations since December 2018 of the Simi Valley unmanned aircraft manufacturer. He joined the company in 2009 and has served in a variety of leadership roles with increasing responsibility since then. Chief Executive Wahid Nawabi said that Karklin has demonstrated an ability to lead key functions within the...

The share price of Cinedigm Corp. soared Thursday after the company announced a partnership with streaming software developer Vewd to offer its networks on Vewd-enabled devices worldwide. The move by the Sherman Oaks entertainment content distributor expands its global footprint with special emphasis in Europe, Latin America and Asia. As part of the agreement with Vewd, in Oslo, Norway, Cinedigm’s networks will be available on an install base of more than 300 million smart televisions and...