Editing Dick Clark Productions (section)

==History==
The Dick Clark radio show began syndication in the late 1950s as part of MARS Broadcasting.<ref>{{cite magazine|url=https://books.google.com/books?id=XgsEAAAAMBAJ&q=phil+nolan+senior+producer+dick+clark&pg=PA56|title=Dick Clark in Syndication|magazine=[[Billboard (magazine)|Billboard]]|location=[[New York City]]|issn=0006-2510|date=June 29, 1963|page=56|access-date=December 20, 2012}}</ref> 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, ''[[Dick Clark's Rock, Roll & Remember|Rock, Roll and Remember]]'': "I hung up a very modest sign in lowercase print — ''dick clark productions'' — and started producing."<ref>{{cite book|url=https://archive.org/details/rockrollremember0000clar/page/253|title=Rock, Roll and Remember|page=[https://archive.org/details/rockrollremember0000clar/page/253 253]|first1=Dick|last1=Clark|author-link1=Dick Clark|first2=Richard|last2=Robinson|location=[[New York City]]|edition=4th|publisher=[[Thomas Y. Crowell Co.]]|year=1976|isbn=978-0690011845|url-access=registration}}</ref>

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''.<ref>{{Cite news|date=1974-04-08|title=Program Briefs|work=[[Broadcasting & Cable|Broadcasting]]|url=https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/74-OCR/1974-04-08-BC-OCR-Page-0028.pdf|access-date=2021-11-24}}</ref> 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.<ref>{{Cite news|date=1983-09-19|title=Fates & Fortunes|work=[[Broadcasting & Cable|Broadcasting]]|url=https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/83-OCR/BC-1983-09-19-OCR-Page-0132.pdf|access-date=2021-11-24}}</ref>

In 1983, a company owned by Clark and his wife were among multiple applicants to acquire [[WEPN-FM|WRKS-FM]] in New York City.<ref>{{Cite news|date=1983-05-30|title=For the Record|work=[[Broadcasting & Cable|Broadcasting]]|url=https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/83-OCR/BC-1983-05-30-OCR-Page-0070.pdf|access-date=2021-11-24}}</ref> 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]]''.<ref>{{Cite magazine|last=Seideman|first=Tony|date=1985-08-31|title=Vestron, Dick Clark Team for 'Best of Bandstand'|magazine=[[Billboard (magazine)|Billboard]]|url=https://worldradiohistory.com/hd2/IDX-Business/Music/Billboard-Index/IDX/1985/1985-08-31-Billboard-Page-0038.pdf|access-date=2021-11-24}}</ref> 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.<ref>{{Cite news |date=1987-08-12 |title=Dick Clark Prods. Signs 5-Yr. Golden Globe Pact |page=65 |work=[[Variety (magazine)|Variety]]}}</ref>

Dick Clark Productions went public on [[NASDAQ]] in 1986.<ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-1986-11-06-fi-16295-story.html|title=Dick Clark Productions Is Going Public : Company Hopes to Raise $14.5 Million With Stock Offering|work=[[Los Angeles Times]]|date=November 6, 1986|access-date=December 20, 2012}}</ref> It was taken private in 2002 by an investment group that included Mosaic Media Group and [[Caisse de dépôt et placement du Québec|the Caisse]].<ref>{{cite news|first=Meg|last=James|url=https://www.latimes.com/archives/la-xpm-2002-jul-27-fi-dickclark27-story.html|title=Group Completes Purchase of Dick Clark Productions|work=[[Los Angeles Times]]|date=December 12, 2000|access-date=December 20, 2012}}</ref> [[Mandalay Entertainment]] bought DCP's stake in 2004.<ref>{{cite news|url=https://www.latimes.com/archives/la-xpm-2004-aug-10-fi-dickclark-story.html|title=Mandalay Teams With Mosaic to Revamp Dick Clark Unit|first=Meg|last=James|work=[[Los Angeles Times]]|date=August 10, 2004|access-date=December 20, 2012}}</ref>

On June 19, 2007, Dick Clark Productions was sold to [[Daniel Snyder]], owner of the then-[[Washington Commanders|Washington Redskins]], and former chairman of [[Six Flags]], for $175 million.<ref>{{cite news|url=https://www.usatoday.com/money/media/2007-06-19-redzone-dick-clark_N.htm|work=[[USA Today]]|location=[[McLean, Virginia]]|date=June 19, 2007|title=Dan Snyder buys Dick Clark's TV, music company|first=David|last=Lieberman|access-date=September 7, 2009}}</ref> After Clark's death on April 18, 2012,<ref>{{cite web|title=Dick Clark, Entertainment Icon Nicknames 'America's Oldest Teenager,' Dies at 82|url=https://abcnews.go.com/Entertainment/dick-clark-entertainment-icon-nicknamed-americas-oldest-teenager/story?id=16076252|first1=Julie|last1=Kathan|first2=Sheila|last2=Marikar|work=[[ABC News (United States)|ABC News]]|publisher=[[American Broadcasting Company|ABC]]|location=[[New York City]]|access-date=April 18, 2012}}</ref> 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]].<ref name=SixFlags>{{cite news|url=https://www.latimes.com/entertainment/envelope/cotown/la-et-ct-sixflags-20120615,0,5316517.story|title=Six Flags is motivating possible sale of Dick Clark Productions|first=Joe|last=Flint|work=[[Los Angeles Times]]|date=June 15, 2012|access-date=June 15, 2012}}</ref>  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.<ref name=LATimesale>{{cite news|url=https://www.latimes.com/entertainment/envelope/cotown/la-et-ct-dcp-20120613,0,1261366.story|title=Dick Clark Productions exploring possible sale|first=Joe|last=Flint|work=[[Los Angeles Times]]|date=June 13, 2012|access-date=June 13, 2012}}</ref> Rumored suitors included [[CORE Media Group]], whose [[19 Entertainment]] produced ''So You Think You Can Dance'' with DCP, and [[Ryan Seacrest Productions]], whose [[Ryan Seacrest|namesake founder]] worked with and was mentored by Dick Clark.<ref name="SixFlags" /><ref>{{cite news|url=https://www.reuters.com/article/entertainment-us-seacrest/exclusive-seacrest-looking-at-dick-clark-productions-sources-idUSBRE85E11U20120615|title=Seacrest looking at Dick Clark Productions: sources|first1=Ronald|last1=Grover|first2=Lisa|last2=Richwine|work=[[Reuters]]|date=June 15, 2012|access-date=June 15, 2012}}</ref> 

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.<ref>{{cite magazine|url=https://deadline.com/2012/09/guggenheim-partners-led-group-reaches-agreement-to-buy-dick-clark-prods-328721/|title=Guggenheim Partners-Led Group Reaches Agreement To Buy Dick Clark Prods|first=Nellie|last=Andreeva|magazine=[[Deadline Hollywood]]|publisher=[[Penske Media Corporation]]|location=United States|date=September 4, 2012|access-date=September 4, 2012}}</ref> 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 [[Bally Sports West|Fox Sports West]] concluded.<ref name="forbes-dcdodgers">{{cite web|last=Ozanian|first=Mark|title=Dodgers Exploring TV Deal With Dick Clark Productions|url=https://www.forbes.com/sites/mikeozanian/2012/12/14/dodgers-exploring-tv-deal-with-dick-clark-productions/|work=Forbes|access-date=17 December 2012}}</ref> The Dodgers instead partnered with [[Time Warner Cable]] to launch [[Spectrum SportsNet LA|Time Warner Cable SportsNet LA]].<ref name=":0">{{Cite news|url = https://www.latimes.com/entertainment/envelope/cotown/la-et-ct-dodgers-tv-standoff-20140718-story.html?track=rss#page=1|title = Standoff over Dodgers games could be defining moment in sports TV|last=Flint|first=Joe|date = July 17, 2014|work=[[Los Angeles Times]]}}</ref>

On October 2, 2013, Dick Clark Productions established a joint venture with Israeli broadcaster [[Keshet Media Group|Keshet]] known as Keshet DCP, which would develop adaptations of its unscripted formats for the U.S. market; its first production would be an [[Rising Star (American TV series)|American version]] of its talent show ''[[Rising Star (Israeli TV series)|Rising Star]]'', which was ordered to series by [[American Broadcasting Company|ABC]] the following month.<ref>{{Cite web |last=Goldberg |first=Lesley |date=2013-11-18 |title=ABC Orders Singing Competition ‘Rising Star’ Based on Hot Israeli Format |url=https://www.hollywoodreporter.com/tv/tv-news/abc-orders-singing-competition-rising-656994/ |access-date=2025-04-04 |website=The Hollywood Reporter |language=en-US}}</ref><ref>{{Cite web |last=Andreeva |first=Nellie |date=2013-10-02 |title=Keshet & Dick Clark Prods. Launch Reality TV Production Company, Will Adapt Hot 'Rising Star' Format For U.S. |url=https://deadline.com/2013/10/keshet-dick-clark-prods-launch-reality-tv-production-company-601608/ |access-date=2022-05-21 |website=Deadline |language=en-US}}</ref>

In 2014, DCP took over production of the [[Billboard Music Awards]], an awards show presented by Guggengeim-owned ''[[Billboard (magazine)|Billboard]]'' magazine.<ref>{{Cite magazine|url=https://www.billboard.com/biz/articles/news/6084674/the-billboard-music-awards-keep-bubbling|title=The Billboard Music Awards Keep Bubbling|magazine=Billboard|access-date=2017-12-02|language=en}}</ref> In July 2014, DCP settled a lawsuit with the [[Hollywood Foreign Press Association]] over its contracts with NBC to broadcast the Golden Globe Awards.<ref>{{Cite news|url=https://variety.com/2014/tv/news/hfpa-settles-golden-globes-lawsuit-with-dick-clark-prods-1201262046/|title=HFPA Settles Golden Globes Lawsuit With Dick Clark Prods.|last=Johnson|first=Ted|date=July 14, 2014|work=[[Variety (magazine)|Variety]]|location=[[Los Angeles]]|access-date=December 2, 2017|language=en-US}}</ref>

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 (magazine)|Variety]]'' reported that CEO Allen Shapiro was "likely to be a key player in the spinoff, given his experience in running entertainment firms".<ref name=deadline-guggensell>{{cite magazine|title=Guggenheim Prepares To Sell Hollywood Reporter, Dick Clark Productions To Exec|url=https://deadline.com/2015/12/guggenheim-partners-sell-hollywood-reporter-dick-clark-productions-todd-boehly-1201668970/|first1=David|last1=Lieberman|first2=Anita|last2=Busch|magazine=[[Deadline Hollywood]]|publisher=[[Penske Media Corporation]]|location=United States|date=December 17, 2015|access-date=December 18, 2015}}</ref><ref name=thewrap-todd>{{cite web|title=Guggenheim Media Spins Off Money-Losing Hollywood Reporter, Billboard to Company President Todd Boehly (Exclusive)|url=https://www.thewrap.com/guggenheim-media-spins-off-hollywood-reporter-billboard-to-company-president-todd-boehly-exclusive/|first=Jordan|last=Chariton|work=[[TheWrap]]|location=[[Los Angeles]]|date=December 17, 2015|access-date=December 18, 2015}}</ref><ref name=thr-spinout>{{cite web|title=Hollywood Reporter Parent Company Spins Off Media Assets to Executive|url=https://www.hollywoodreporter.com/news/hollywood-reporter-parent-company-spins-850051|magazine=[[The Hollywood Reporter]]|location=[[Los Angeles]]|date=December 17, 2015|access-date=January 3, 2016}}</ref> Boehly's stake is represented by [[Eldridge Industries]].<ref>{{cite news|title=Dodgers' Boehly Leads $100 Million DraftKings Investment|url=https://www.bloomberg.com/news/articles/2017-03-09/dodgers-boehly-said-to-lead-100-million-draftkings-investment|first=Scott|last=Soshnick|work=[[Bloomberg News]]|location=[[New York City]]|date=March 9, 2017|access-date=March 10, 2017}}</ref>

In September 2016, it was reported that the Chinese conglomerate [[Wanda Group]] (which owns [[AMC Theatres]] and [[Legendary Entertainment]]) was in talks to acquire Dick Clark Productions.<ref name="deadline-wandadcp">{{cite magazine|title=Wanda Group In Talks To Add Dick Clark Productions To Global Media Armada|url=https://deadline.com/2016/09/wanda-considering-deal-buy-dick-clark-productions-1201826544/|first1=David|last1=Lieberman|first2=Nellie|last2=Andreeva|magazine=[[Deadline Hollywood]]|publisher=[[Penske Media Corporation]]|location=United States|date=September 26, 2016|access-date=September 27, 2016}}</ref> This was confirmed on November 4, 2016, when Wanda Group announced the purchase for $1 billion.<ref>{{cite news|url=https://www.bloomberg.com/news/articles/2016-11-04/billionaire-wang-purchases-dick-clark-productions-for-1-billion|title=Billionaire Wang Agrees to Buy Dick Clark Productions for $1 Billion|author=Bloomberg News Staff|date=November 3, 2016|work=[[Bloomberg News]]|location=[[New York City]]|access-date=November 4, 2016}}</ref><ref>{{cite web|title=Wanda Faces Hurdles in Closing Dick Clark Prods. Deal|url=https://variety.com/2017/biz/news/wanda-dick-clark-productions-china-investment-closing-deal-1201971069/|work=[[Variety (magazine)|Variety]]|location=[[Los Angeles]]|access-date=27 January 2017}}</ref> On February 20, 2017, ''[[Bloomberg News]]'' reported that the sale was facing regulatory issues in China.<ref name="bloomberg-hurdles">{{cite web|title=Wanda's $1 Billion Bid for Dick Clark Faces Hurdles|url=https://www.bloomberg.com/news/articles/2017-02-21/wanda-s-1-billion-bid-for-dick-clark-said-to-be-facing-hurdles|first1=Prudence|last1=Ho|first2=Anousha|last2=Sakoui|work=[[Bloomberg News]]|location=[[New York City]]|date=February 21, 2017|access-date=February 21, 2017}}</ref>  On March 10, 2017, an Eldridge Industries spokesperson stated that the sale had been scrapped.<ref name="deadline-salescrapped">{{cite magazine|title=Dick Clark Productions Owner Scraps $1B Sale To Wanda Group|url=https://deadline.com/2017/03/dick-clark-productions-owner-scraps-sale-wanda-group-1202040693/|first=David|last=Lieberman|magazine=[[Deadline Hollywood]]|publisher=[[Penske Media Corporation]]|location=United States|date=March 10, 2017|access-date=March 10, 2017}}</ref> DCP received $50 million from Wanda Group in [[breakup fee|breakup]] and extension fees. The studio later sold Chinese rights to the Golden Globes and ''New Year's Rockin' Eve'' to [[STX Entertainment]].<ref>{{cite magazine|url=https://deadline.com/2017/12/dick-clark-new-years-rockin-eve-china-stx-dick-clark-ryan-seacrest-1202231224/|title=STX, Dick Clark Prods. Will Distribute 'New Year's Rockin' Eve' In China|last=Busch|first=Anita|date=December 21, 2017|magazine=[[Deadline Hollywood]]|publisher=[[Penske Media Corporation]]|location=United States|access-date=December 21, 2017|language=en-US}}</ref><ref>{{Cite news|url=https://www.hollywoodreporter.com/news/stx-entertainment-distribute-golden-globes-china-1068787|title=STX Entertainment to Distribute Golden Globes in China (Exclusive)|first=Patrick|last=Brzeski|magazine=[[The Hollywood Reporter]]|location=[[Los Angeles]]|date=December 18, 2017|access-date=December 21, 2017|language=en}}</ref>

On February 1, 2018, DCP merged with [[Billboard (magazine)|Billboard]]-[[The Hollywood Reporter|Hollywood Reporter]] Media Group and [[Media Rights Capital]] to form [[Valence Media]]. Mike Mahan was appointed CEO of DCP.<ref>{{cite magazine|url=https://variety.com/2018/biz/news/media-rights-capital-dick-clark-prods-thr-billboard-form-combined-company-1202683829/|title=Media Rights Capital, Dick Clark Prods., THR-Billboard Form Combined Company|first=Andrew|last=Wallenstein|magazine=[[Variety (magazine)|Variety]]|location=[[Los Angeles]]|date=February 1, 2018|access-date=February 1, 2018}}</ref> In November 2019, the company's COO and CFO Amy Thurlow became president of Dick Clark Productions, with Mike Mahan expected to become a vice chairman in 2020.<ref>{{Cite web|url=https://variety.com/2019/tv/news/amy-thurlow-president-dick-clark-productions-mike-mahan-1203403124/|title=Amy Thurlow Named President of Dick Clark Productions, Mike Mahan to Shift Roles|last=Low|first=Elaine|date=2019-11-13|website=Variety|language=en|access-date=2019-11-26}}</ref> In July 2020, Valence was rebranded as MRC, with Dick Clark Productions operating as a label of its non-scripted division MRC Live & Alternative.<ref>{{Cite web|last=Goldsmith|first=Jill|date=July 22, 2020|title=THR Parent Valence Media Rebrands As MRC|url=https://deadline.com/2020/07/hollywood-reporter-parent-rebrands-to-mrc-1202992082/|access-date=July 22, 2020|website=Deadline|language=en}}</ref>

Thurlow stepped down from DCP in June 2021. In September 2021, the Dick Clark Productions name was discontinued, with all of its productions now falling under the MRC Live & Alternative banner.<ref>{{cite web|last=Andreeva|first=Nellie|date=September 12, 2021|title=Adam Stotsky Named President Of MRC Live & Alternative As Dick Clark Prods. Name Is Phased Out|url=https://deadline.com/2021/09/adam-stotsky-president-mrc-live-alternative-dick-clark-prods-name-phased-out-1234831125/|url-status=live|access-date=October 23, 2021|website=Deadline|archive-url=https://web.archive.org/web/20210913015306/https://deadline.com/2021/09/adam-stotsky-president-mrc-live-alternative-dick-clark-prods-name-phased-out-1234831125/ |archive-date=2021-09-13 }}</ref>

In August 2022, Eldridge and MRC's co-CEOs Modi Wiczyk and Asif Satchu agreed to divide the company's assets, effectively undoing the 2018 deal that created Valence Media. Among other assets, Eldridge re-acquired the MRC Live & Alternative division and announced it would restore the Dick Clark Productions name to the unit.<ref>{{cite web|url=https://variety.com/2022/tv/news/modi-wiczyk-asif-satchu-mrc-dick-clark-eldridge-variety-1235334769/|title=MRC Chiefs Modi Wiczyk and Asif Satchu Part Ways With Eldridge, PMRC Joint Venture|first=William|last=Earl|work=[[Variety (magazine)|Variety]]|date=August 5, 2022|access-date=August 5, 2022}}</ref> In January 2023, DCP was subsequently acquired by a joint venture of [[Penske Media Corporation]] and Eldridge Industries known as Penske Media Eldridge: Adam Stotsky stepped down as president of the company following the transaction, and at least 16 employees were laid off. The deal expands on an existing relationship between the companies, under which PMC operates ''Billboard'' and ''The Hollywood Reporter''.<ref>{{Cite web |last=Andreeva |first=Nellie |date=2023-02-11 |title=Dick Clark Productions Hit By Layoffs Following Acquisition |url=https://deadline.com/2023/02/dick-clark-productions-layoffs-acquisition-1235256732/ |access-date=2023-03-31 |website=Deadline |language=en-US}}</ref><ref>{{Cite web |last=Littleton |first=Cynthia |date=2023-01-25 |title=Penske Media Eldridge Acquires Dick Clark Productions in Major Expansion |url=https://variety.com/2023/awards/news/dick-clark-productions-pmc-acquires-1235467820/ |access-date=2023-03-31 |website=Variety |language=en-US}}</ref>

On June 12, 2023, DCP acquired the assets and intellectual property of the Golden Globe Awards from the Hollywood Foreign Press Association, as part of a transition to a for-profit entity undertaken by Boehly.<ref name="ewJune2023">{{Cite web |last=Nolfi |first=Joey |title=Golden Globes acquired, HFPA membership dissolves in awards shocker |url=https://ew.com/awards/golden-globes/hfla-membership-dissolved-golden-globes-acquired-dick-clark/ |access-date=June 15, 2023 |website=EW.com |language=en}}</ref><ref name="cnbc2023">{{Cite web |last=Whitten |first=Sarah |date=June 12, 2023 |title=The Golden Globes find new home as the Hollywood Foreign Press Association shuts down |url=https://www.cnbc.com/2023/06/12/the-golden-globes-find-new-home-as-the-hollywood-foreign-press-ends.html |access-date=June 15, 2023 |website=CNBC |language=en}}</ref><ref name="deadline2023">{{cite web |last1=Andreeva |first1=Nellie |date=June 12, 2023 |title=Golden Globes Acquired By Dick Clark Productions & Eldridge; HFPA To Wind Down |url=https://deadline.com/2023/06/golden-globes-acquired-dick-clark-productions-eldridge-hfpa-shut-down-1235414600/ |access-date=June 12, 2023 |website=[[Deadline Hollywood]]}}</ref>