CBS Eyes Dick Clark Productions: Reuters

The TV community knows that CBS Corp President and CEO Les Moonves wants to broadcast the Golden Globes. But a judge this summer ruled that the Globes broadcast rights are controlled by Dick Clark Productions which is contracted with NBC until 2018. It now appears Moonves is taking another tack. According to Reuters, CBS is considering a bid for DCP owned by Red Zone Capital. Some 17 potential buyers received DCP’s financial info from The Raine Group, which is handling the sales process, Reuters said. It reports now 4 to 6 bidders, including CBS, have moved on to a second round of bidding. DCP CEO Mark Shapiro and Washington Redskins owner Daniel Snyder, chairman of DCP, are asking $350 million.

Previously reported bidders include Ryan Seacrest and Miramax owner Colony Capital, private equity firm Guggenheim Partners. Also Core Media Group which holds the rights to the Elvis Presley brand and produces American Idol hosted by Seacrest. DCP also produces the American Music Awards, the Miss Universe Pageant, the New Year’s Rockin’ Eve broadcast, and the Fox TV show So You Think You can Dance. CBS considered bidding for the Golden Globe Awards in 2010, Moonves has acknowledged. Moonves also was deposed for the Hollywood Foreign Press Association’s court case against DCP. CBS also owns the rights to the Grammy Awards and The People’s Choice Awards.

  1. Now that would be something if CBS gobbled up DCP Productions for that amount of money…they could gain a rightshold to a lot more shows and programs once their current deals expire, and that includes the Golden Globes.

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