Dick Clark Productions
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| Private | |
| Industry | Television Production |
| Founded | Philadelphia, Pennsylvania, USA (1957) |
| Founder | Dick Clark |
| Headquarters | Santa Monica, California, USA |
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Key people
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Allen Shapiro (CEO) Peter Guber (Chairman) Michael Mahan (President) |
| Owner | Guggenheim Partners Mandalay Entertainment Mosaic Media Investment Partners |
| Website | dickclark |
Dick Clark Productions, Inc. (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, American Music Awards (dcp's first awards show), Bloopers, American Country Countdown Awards, Golden Globes, Hollywood Film Awards, Billboard Music Awards, Dick Clark's New Year's Rockin' Eve, Miss Universe, Miss USA, NFL Honors and the Streamy Awards.
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.[1] 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.[2] More television shows produced by dcp include So You Think You Can Dance, Rising Star, Jim Rome on Showtime, Leadoff and Rome.
History
The Dick Clark radio show began syndication in the late 1950s as part of MARS Broadcasting.[3] Many popular Dick Clark programming includes American Bandstand, the T.A.M.I. Show, Where the Action Is, The Dick Clark Show, TV Bloopers & Practical Jokes, Dick Clark's LIVE Wednesday, The Challengers, Camp Midnite, Beyond Belief: Fact or Fiction, the serialized teen drama American Dreams (which included classic footage from American Bandstand), The Weird Al Show, Shaq Vs., Deadly Sins and Greed.
Dick Clark Productions went public on NASDAQ in 1986.[4] It was taken private in 2002 by an investment group that included Mosaic Media Group and Caisse de dépôt et placement du Québec.[5] Mandalay Entertainment bought CDP's stake in 2004.[6] On June 19, 2007, Dick Clark Productions was sold to Daniel Snyder, Washington Redskins owner and former chairman of Six Flags, for $175 Million.[7] After founder Dick Clark's death on April 18, 2012,[8] 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.[9] 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.[10] 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.[9][11]
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.[12] 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.[13] The Dodgers instead partnered with Time Warner Cable to launch Time Warner Cable SportsNet LA.[14]
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".[15][16][17]
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."[18]
References
- ↑ Cumulus, Fox, Dick Clark Productions To Debut ‘American Country Countdown Awards’
- ↑ ACADEMY OF COUNTRY MUSIC CELEBRATES ACM AWARDS UPCOMING 50th ANNIVERSARY WITH THIS IS COUNTRY: A BACKSTAGE PASS TO THE ACADEMY OF COUNTRY MUSIC AWARDS
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- ↑ 9.0 9.1 "Six Flags is motivating possible sale of Dick Clark Productions," from Los Angeles Times, 6/15/2012
- ↑ "Dick Clark Productions exploring possible sale," from Los Angeles Times, 6/13/2012
- ↑ "Seacrest looking at Dick Clark Productions: sources," from Reuters via Yahoo!, 6/15/2012
- ↑ Guggenheim Partners-Led Group Reaches Agreement To Buy Dick Clark Prods., Deadline.com, September 4, 2012.
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