Offer provides premier owner and producer of televised are living amusement to dad or mum corporation of Rolling Stone into the fold
Penske Media Eldridge has acquired Dick Clark Productions. The deal will convey the largest owner and producer of televised are living amusement into the fold for the dad or mum corporation of Rolling Stone, Variety, Billboard, and extra best-tier media brands.
It expands on Penske Media Eldridge’s stay occasion offerings, which incorporate SXSW, Lifestyle is Wonderful, ATX Tv festival, and LA3C. The financial conditions of the offer have not been disclosed.
“I am thrilled to develop our partnership with Eldridge and Todd,” mentioned CEO and Founder of Penske Media, Jay Penske, in a assertion. “I have long admired dcp’s portfolio of iconic and notable dwell amusement brand names and search ahead to rising and evolving dcp’s footprint and legacy for long term audiences across all platforms.”
“At Eldridge, we seek out to develop corporations that stand the examination of time,” stated Todd Boehly, Chairman and CEO of Eldridge, in a assertion. “Our final decision to develop on our partnership with Penske Media, with whom we already have a deep alliance all-around media and publishing, is in assistance to that objective – so dcp could continue on to flourish for several a long time to arrive.”
Dick Clark Productions, which was most not long ago owned by Eldridge Industries, is acknowledged for its big televised are living leisure programming, which features the Academy of Region Audio Awards, American Songs Awards, Billboard Tunes Awards, Golden Globe Awards, and Dick Clark’s New Year’s Rockin’ Eve With Ryan Seacrest.
DCP was started by the late Dick Clark in 1957. The longtime American Bandstand host died in 2012 at age 82.