Dick Clark Jay Penske Todd Boehly USA Entertainment show awards country showbiz Music CEO Dick Clark Jay Penske Todd Boehly USA

Penske Media Eldridge Acquires Dick Clark Productions; Largest Showbiz Live Event Awards Shows Include Golden Globes, New Year’s Rockin’ Eve, American Music Awards & Billboard Awards

Reading now: 840
deadline.com

Today, Penske Media Eldridge (PME) announced its acquisition of Dick Clark Productions (dcp), the live events and alternative media producer, as part of a larger strategic alliance with Eldridge augmenting its existing partnership with Penske Media’s (PMC’s) entertainment media brands and SXSW.

PME is a PMC subsidiary and joint venture between Penske Media Corporation and Eldridge. dcp is recognized globally for its constellation of live award shows and other music entertainment programs, including the Golden Globe Awards, American Music Awards, Academy of Country Music Awards, Billboard Music Awards, Dick Clark’s New Year’s Rockin’ Eve, So You Think You Can Dance, in partnership with 19 Entertainment, and the Streamy Awards.

This deal marks the continued expansion and investment in Penske Media Eldridge’s robust live event portfolio which includes SXSW, Life is Beautiful, ATX TV festival and LA3C. “I am thrilled to expand our partnership with Eldridge and Todd,” said CEO and Founder of Penske Media, Jay Penske. “I have long admired dcp’s portfolio of iconic and prominent live entertainment brands and look forward to growing and evolving dcp’s footprint and legacy for future audiences across all platforms.” “At Eldridge, we seek to grow businesses that stand the test of time,” said Todd Boehly, Chairman and CEO of Eldridge. “Our decision to build upon our partnership with Penske Media, with whom we already have a deep alliance around media and publishing, is in service to that goal – so dcp may continue to flourish for many decades to come.” Founded in 1957, dcp owns and produces some of the most enduring and prestigious awards shows, TV specials and IP archive libraries in the entertainment industry worldwide.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA