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
What's Hot on Deadline
'The Good Place's Jameela Jamil Blames Porn And Music Videos For Consent Issues Following Aziz Ansari Allegations
Two More Sexual Misconduct Allegations Against Stunt Coordinator Joel Kramer Include One Involving 10th Grade Girl
Eliza Dushku's Former Agent & A Friend Confirm Her Sexual Assault Story On 'True Lies' Set: "Nobody Really Did Anything"
Aziz Ansari Allegations Open New Chapter in #MeToo Movement, Ansari Responds "I Took Her Words to Heart"
Arnold Schwarzenegger "Shocked" About Eliza Dushku's 'True Lies' Allegations, Calls Her "So Courageous"
‘70s Screen Icon Pam Grier Speaks On Sex Harassment & Her Biopic With Jay Pharoah Playing Richard Pryor
'True Lies' Stuntman Joel Kramer Dropped By Talent Agency After Eliza Dushku Accused Him Of Sexual Assault
Latest Awardsline News
- Sam Rockwell To Receive Santa Barbara’s American Riviera Honor
- James L. Brooks To Receive WGA West’s Laurel Award For Screenwriting
- USC Scripter Awards Nominations: Ties Make For Loaded Flim & TV Field
- VES Awards Nominations: ‘Blade Runner 2049’ & Latest ‘Apes’ Lead Film; ‘Thrones’ Rules All With…
- NAACP Image Awards Complete Winners List: ‘black-ish’, ‘Girls Trip’, Ava DuVernay Among Honorees
- NAACP Image Awards: Jordan Peele,Tiffany Haddish, Idris Elba Among Winners In Non-Televised Categories