Ryan Seacrest, Colony Capital Among Potential Bidders For Dick Clark Prods.

UPDATED: Ryan Seacrest and Santa Monica-based investment firm Colony Capital are among several bidders interested in Dick Clark Prods., sources close to the situation tell Deadline. If the American Idol host proceeds with his pursuit of the former company of his mentor Clark, he would likely work with private equity firms Thomas H. Lee Partners and Bain Capital which have already committed to pursuing business with Seacrest, according to the WSJ. This week DCP reported it had retained the Raine investment bank to facilitate a possible sale. DCP could bring a few hundred million dollars, especially since the company won a lawsuit that secured its rights to produce the Golden Globe Awards telecast on NBC through 2018. The Hollywood Foreign Press Association, which puts on the Golden Globes, yesterday filed its appeal of that court decision.

Seacrest already is in business with DCP — he has been the host of the company’s Dick Clark’s New Year’s Rockin’ Eve special for the past several years. In addition to being a radio DJ and TV host, Seacrest has numerous other entertainment ventures in his growing portfolio, including a stake in Mark Cuban’s HDNet where he plans to launch lifestyle, music and live events. In April Seacrest also closed a new deal to appear in and produce programming for NBC Universal.

This article was printed from https://deadline.com/2012/06/ryan-seacrest-considering-bid-for-dick-clark-productions-wsj-287315/