The deal brings the parent company the largest owner and producer of live television entertainment rolling stone on the crease
Penske Media Eldridge Acquired Dick Clark Productions. The deal will allow the largest owner and producer of televised live entertainment to rolling stone, variety, billboardand other leading media brands.
It expands Penske Media Eldridge’s live event offerings including SXSW, Life is Beautiful, ATX TV Festival and LA3C. Financial terms of the deal were not disclosed.
Jay Penske, CEO and founder of Penske Media, said in a statement: “I have long admired dcp’s portfolio of iconic and celebrated live entertainment brands. I am doing it.”
Eldridge Chairman and CEO Todd Boehly said in a statement: “Our decision to build a partnership with Penske Media, whose media and publishing already have deep ties, contributes to that goal. there is.”
Recently owned by Eldridge Industries, Dick Clark Productions is known for leading live entertainment programs including the Country Music Awards, American Music Awards, Billboard Music Awards, Golden Globe Awards and Dick Clark’s New Year’s Rockin’. Eve with Ryan Seacrest.
DCP was founded in 1957 by the late Dick Clark. american bandstand Host died in 2012 at the age of 82.
