Ryan Seacrest Among Potential Bidders for Dick Clark Productions
A source confirms to THR that the "American Idol" host is interested in purchasing his late mentor's company.
Ryan Seacrest could continue to follow in his idol’s footsteps.
The Hollywood Reporter has confirmed that the media multihyphenate is among potential bidders to request information regarding the potential sale of Dick Clark Productions. Reuters first reported Seacrest's interest.
The 37-year-old, who has been named No. 1 on THR’s Reality Power List for the past two years, is continuing to build an empire that already includes a successful production company. In addition to his American Idol hosting gig, Seacrest has upped his duties with NBCUniversal to include Today show contributions, primetime specials and Olympics coverage. He also hosts a morning radio show on L.A.’s KIIS-FM, which is nationally syndicated.
His Ryan Seacrest Productions currently oversees E!’s Kardashian franchise, Bravo’s recently renewed Shahs of Sunset and an upcoming Jonas Brothers reality show. He has plans to add both scripted TV and film projects to the RSP development slate, which includes a lengthy list of unscripted projects.
Dick Clark Productions retained Raine Group to pursue a possible sale after a judge in April ruled in favor of the company’s deal to keep producing the Golden Globe Awards in conjunction with NBC through 2018.
In addition to the Globes, DCP also produces the American Music Awards, Nigel Lythgoe’s So You Think You Can Dance and the iconic Dick Clark’s New Year’s Rockin’ Eve, which Seacrest now hosts.
Dick Clark founded the company in 1957 and sold his majority stake to Mosaic Media Group in 2002. DCP is now owned by Red Zone Capital, the private-equity firm of Washington Redskins owner Daniel Snyder.
Clark died April 18 of a heart attack at 82. “It’s a tremendously emotional day for so many people,” Seacrest told THR at the American Idol taping later that day. "Fans of music, fans of television, broadcasters and certainly me personally as Dick Clark was one of those incredible pioneers of our business. He taught me how to do television. I studied him as a kid, and I had the fortunate opportunity to work with him for several years on New Year's Eve.”
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