Type Subsidiary Website www.dickclark.com CEO Allen Shapiro (Oct 2012–) Founder Dick Clark | Industry Television Production President Michael Mahan COO Amy Thurlow Parent organization Eldridge Industries LLC | |
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Key people Allen Shapiro (CEO)
Peter Guber (Chairman)
Wang Jianlin (President) Owner Todd Boehly
Mandalay Entertainment
Mosaic Media Investment Partners Headquarters Santa Monica, California, United States Founded 1957, Philadelphia, Pennsylvania, United States Profiles | ||
Dick clark productions says it s absurd for mariah carey to blame them for her nye s performance w
Dick Clark Productions (stylized as dick clark productions by the company, and often abbreviated dcp) is an American entertainment production company founded by entertainer Dick Clark. Since its inception in 1957, the studio has produced a number of television shows, specials and much more, such as American Bandstand, The Dick Clark Show, Where The Action Is, Dick Clark's New Year's Rockin' Eve, American Music Awards (dcp's first awards show), Dick Clark's LIVE Wednesday, Bloopers, Camp Midnite, The Challengers, Beyond Belief: Fact or Fiction, Greed, American Dreams and So You Think You Can Dance? (co-produced with 19 Entertainment).
Contents
- Dick clark productions says it s absurd for mariah carey to blame them for her nye s performance w
- Mariah carey s manager fires back at dick clark productions as nye performance fallout continues
- History
- The origins of the name and its styling
- References
The company previously had a longstanding relationship with the Academy of Country Music Awards, with it producing the American Country Countdown Awards beginning in 2014. It is unclear if the studio's relationship with the ACM will continue. However, it is confirmed that it will be producing the 50th ACM Awards in 2015.
Mariah carey s manager fires back at dick clark productions as nye performance fallout continues
History
The Dick Clark radio show began syndication in the late 1950s as part of MARS Broadcasting. Dick Clark Productions went public on NASDAQ in 1986. It was taken private in 2002 by an investment group that included Mosaic Media Group and Caisse de dépôt et placement du Québec. Mandalay Entertainment bought CDP's stake in 2004. On June 19, 2007, Dick Clark Productions was sold to Daniel Snyder, Washington Redskins owner and former chairman of Six Flags, for $175 Million. After founder Dick Clark's death on April 18, 2012, Snyder commented that he was proud when he purchased Dick Clark Productions, adding that Clark was "in every sense of the word, a giant." Until 2012, Dick Clark Productions was majority owned by Red Zone Capital Management, a Daniel Snyder-controlled private equity firm, with a 40 percent stake held by Six Flags. The week of June 13, 2012, Red Zone confirmed a possible sale of D.C.P., and that investment bank Raine Group had been tapped by D.C.P. to determine possible suitors for the company. Rumored suitors include CORE Media Group, whose 19 Entertainment produces So You Think You Can Dance with D.C.P., and Ryan Seacrest Productions, whose namesake founder worked with and was mentored by Dick Clark.
On September 4, 2012, Red Zone Capital Management reached an agreement to sell Dick Clark Productions to a group partnership headed by Guggenheim Partners, Mandalay Entertainment, and Mosaic Media Investment Partners for approximately $350 million. In December 2012, reports by several baseball insiders indicated that the Los Angeles Dodgers Major League Baseball team (also owned by Guggenheim Partners) were in talks with Dick Clark Productions to potentially form a regional sports network for the team once its contract with Fox Sports West concluded. The Dodgers instead partnered with Time Warner Cable to launch Time Warner Cable SportsNet LA. On December 17, 2015, in response to losses across Guggenheim Partners, the company announced that it would spin out its media properties, including Dick Clark Productions, to a group led by its former president Todd Boehly. Variety reported that DCP CEO Allen Shapiro was "likely to be a key player in the spinoff, given his experience in running entertainment firms".
In September 2016, it was reported that the Wanda Group (which owns AMC Theaters and Legendary Entertainment) was in talks to acquire Dick Clark Productions. This was confirmed on November 4, 2016, when Wanda Group announced the purchase for $1 billion. As of January 2017, the sale is still pending.
On February 20, 2017, Bloomberg reported that the sale was facing regulatory issues in China.
The origins of the name and its styling
The name and lower-case stylization of Dick Clark Productions dates back to, at latest, 1964, when Dick Clark's public relations manager, Henry Rogers of Rogers & Cowan, suggested naming his production company after himself, so he can be more visible following American Bandstand's move to Hollywood. Later, Clark rented a building on the Sunset Strip, in an area among visible, legendary clubs and landmarks. As Clark recounted in his 1976 book, Rock, Roll and Remember: "I hung up a very modest sign in lowercase print — dick clark productions — and started producing."