Investor Group Buys Dick Clark Productions


LOS ANGELES/NEW YORK: An investor group consisting of Guggenheim Partners together with Mandalay Entertainment and Mosaic Media Investment Partners has reached a deal to buy Dick Clark Productions from RedZone Capital Management.

Dick Clark Productions is behind the Golden Globe Awards, the American Music Awards, the Academy of Country Music Awards, the New Year’s Rockin’ Eve special and So You Think You Can Dance. Terms of the agreement were not disclosed.

Todd Boehly, the president of Guggenheim Partners, said, "We look forward to continuing dcp’s production of branded entertainment that has become a part of the American lexicon. We plan to work closely with the Hollywood Foreign Press Association, the Academy of Country Music and all of the network partners and sponsors to ensure dcp’s long-term growth and success."

Peter Guber, the chairman and CEO of Mandalay Entertainment, added, "This is an exciting opportunity to use our resources to build upon dcp’s delivery of premiere programming and events that address the surging demand for high-quality, branded event entertainment."

Allen Shapiro, the managing partner of Mosaic Media Investment Partners, commented, "In this evolving world of content and distribution, dcp’s ‘tent-pole programming’ of well-known television events is increasingly sought after. We are committed to providing dcp with the resources to continue growing its business in a way that creates value for sponsors, networks and audiences, and we look forward to energizing fans in new and innovative ways."