Dick Clark Productions is exploring a potential sale, the New York Times reports. DCP, which recently won a court fight that secured its position as producer of the Golden Globes Awards show, has retained the Raine Group investment bank, sources told DealBook. Potential buyers may include Chinese media companies and private equity firms. A sale could yield big returns for DCP’s current proprietor, Washington Redskins owner Daniel M. Snyder’s Red Zone Capital. “We have regularly received inbound interest in DCP over the last few years,” the company said in a statement confirming that it had recruited Raine. “At this point, no decision has been made to enter into a transaction of any kind and it’s not clear whether any transaction will happen at all.” Dick Clark, who died in April, had no ownership or management role at the company. Federal Judge Howard A. Matz ruled April 30 that DCP has the rights to produce the Globes telecast for NBC until 2018. Although the court victory secured one of DCP’s most valuable assets, boosting its price in a sale, the Hollywood Foreign Press Association which puts on the Golden Globes has said it would appeal Matz’s decision by Friday. DCP also produces New Year’s Rockin’ Eve, So You Think You Can Dance and the American Music Awards.
Dick Clark Productions Explores Sale
Oscar Watch 2017Best Picture Predictions by 28 ExpertsOdds1La La Land9/22Moonlight13/23Manchester by the Sea7/14Arrival10/15Lion10/1
What's Hot on Deadline
'Fifty Shades' Dominant With $277M WW; 'La La' Lands $200M+ Overseas; 'XXX' Tops In China - International Box Office
Latest Awardsline News
- Oscar Week 2017 Parties & Events: The List
- Costume Designers Guild Awards: 'La La Land,’ 'Hidden Figures' & ‘The Crown’ Among Winners…
- Beware, Oscar Voters: Final Academy Award Ballots Due Today!
- Salman Rushdie Extols The Immigrant’s Struggle Of ‘Lion’: Guest Column
- Oscars Security 2017: The Donald Trump Factor
- Oscars: Is ‘Moonlight’ Poised To Make History After WGA Original Screenplay Win?