 | |
| Company type | Private |
|---|---|
| Industry | Television production |
| Founded | 1957 in Philadelphia, Pennsylvania, United States |
| Founder | Dick Clark |
| Headquarters | , United States |
| Owners | |
| Parent | Penske Media Eldridge |
| Website | www |
Dick Clark Productions (DCP, stylized in lowercase as dick clark productions or dcp) is an American multinational television production company founded by radio and TV 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, and So You Think You Can Dance (with 19 Entertainment). Some of its earlier productions, such as American Bandstand, New Year's Rockin' Eve, and TV's Bloopers & Practical Jokes (initially with Carson Entertainment), were hosted by Clark himself.
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.[1]
- ^ Whitten, Sarah (12 June 2023). "The Golden Globes find new home as the Hollywood Foreign Press shutters". CNBC. Retrieved 12 June 2023.