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Dick Clark Productions, LLC is an American multinational television production company founded by radio and television host Dick Clark.
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Investigate this subjectDick Clark Productions, LLC (DCP, historically stylized in lowercase as dick clark productions or dcp) is an American multinational television production company founded by radio and television host Dick Clark. The studio primarily produces award shows and other music entertainment programs, including the Golden Globe Awards (owned outright by DCP since 2023), Academy of Country Music Awards, the…
Dick Clark Productions, LLC is an American multinational television production company founded by radio and television host Dick Clark.
Dick Clark Productions, LLC (DCP, historically stylized in lowercase as dick clark productions or dcp) is an American multinational television production company founded by radio and television host Dick Clark.
The studio primarily produces award shows and other music entertainment programs, including the Golden Globe Awards (owned outright by DCP since 2023), Academy of Country Music Awards, the DCP-created American Music Awards, the Billboard Music Awards (presented by co-owned music magazine Billboard), Dick Clark's New Year's Rockin' Eve, So You Think You Can Dance (with 19 Entertainment), American Bandstand and TV's Bloopers & Practical Jokes (initially with Carson Entertainment).
The company was sold to a group led by Daniel Snyder in 2007 for $150 million. In September 2012, it was sold again to Guggenheim Partners, Mandalay Entertainment and Mosaic Media Investment Partners for $350 million. Guggenheim's stake was later spun out to former president Todd Boehly. In 2016, Chinese conglomerate Wanda Group announced its intent to acquire DCP, but the deal was thrown out in early 2017 due to regulatory issues. The company then became a part of MRC (initially Valence Media) after Boehly's entertainment and media assets merged with the studio.
Valence as a whole rebranded as MRC in 2020, with DCP being part of the MRC Live & Alternative division. In September 2021, MRC discontinued the Dick Clark Productions branding, and folded all of its productions under the MRC Live & Alternative branding going forward. In August 2022, the merger was unwound, with Eldridge re-gaining control of the studio and reinstating the Dick Clark Productions name. In January 2023, DCP was subsequently acquired by a joint venture of Penske Media Corporation and Eldridge Industries known as Penske Media Eldridge.
The Dick Clark radio show began syndication in the late 1950s as part of MARS Broadcasting. 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 could 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."
In the 1970s, it operated a subsidiary Dick Clark Teleshows, to produce, most notably, the first American Music Awards, Sorority '62, and the 90-minute special 200 Years of American Music. Between the 1970s and 1980s, Dick Clark Productions owned a cinema production company, Dick Clark Cinema Productions, to produce telemovies and feature films. In 1983, Daniel Paulson was appointed vice president of the division.
In 1983, a company owned by Clark and his wife were among multiple applicants to acquire WRKS-FM in New York City. From 1984 to 1987, the company produced the Black Gold Awards, a music awards program recognizing Black recording artists, producers, and performers. Also, in 1985, Clark operated a home video division, Dick Clark Video, to handle videocassettes, with Vestron Video handling distribution of the titles, most notably American Bandstand. Around the time, in early 1983, Dick Clark Productions entered into a partnership with Bob Stewart Productions and Syndicast Services to develop a 90-minute game show block consisting of revivals of old Bob Stewart-owned properties Eye Guess, Three on a Match and Chain Reaction, and attempted to delay to 1984-1985, but none of which got into the ground. Also Stewart and Clark co-produced a television special You Are the Jury for NBC in late 1984, which was evolved into the syndicated court show Trial by Jury in 1989.
In 1987, Dick Clark Productions had signed a five-year deal with the Golden Globe Awards to produce the telecasts from the next five years.
Dick Clark Productions went public on NASDAQ in 1986. It was later taken private in 2002 by an investment group that included Mosaic Media Group and the Caisse. Mandalay Entertainment bought DCP's stake in 2004.
On June 19, 2007, Dick Clark Productions was sold to Daniel Snyder, owner of the then-Washington Redskins, and former chairman of Six Flags, for $175 million. After 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 the company, and that investment bank Raine Group had been tapped to determine possible suitors. Rumored suitors included CORE Media Group, whose 19 Entertainment produced So You Think You Can Dance with DCP, 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 (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 October 2, 2013, Dick Clark Productions established a joint venture with Israeli broadcaster Keshet known as Keshet DCP, which would develop adaptations of its unscripted formats for the U.S. market; its first production would be an American version of its
Source: Dick Clark Productions (CC BY-SA)
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