June 13, 2012 6:35pm PT by Alex Ben Block
Dick Clark Productions Exploring Sale as HFPA Preps Appeal of Golden Globes Case
An attorney for the Hollywood Foreign Press Association said Wednesday that the organization will file a motion asking the U.S. District Court to allow an immediate appeal of the April 30 ruling in favor of Dick Clark Productions.
Daniel Petrocelli, who was the HFPA’s lead attorney in the legal case over broadcast rights to the Golden Globe Awards, also said that it will ask federal court Judge Howard Matz on Thursday to put off the second phase of the trial “pending disposition of the appeal.”
The HFPA is pushing ahead with an appeal even though Matz said June 1 that it is his opinion the recent trial settled the most important issue. He gave the HFPA a June 15 deadline to respond if it still insists on an appeal and a second phase of the trial.
Separately, Red Zone Capital Partners has hired The Raine Group, a merchant bank with ties to the William Morris Endeavor talent agency, to look at a possible sale of Dick Clark Productions, or at least make clear all of the options for the company going forward.
In a statement Wednesday, Dick Clark Productions said: “We have regularly received inbound interest in dcp over the last few years. We’ve recently hired Raine to help us think through our options and to organize any conversations with any interested parties. At this point, no decision has been made to enter into a transaction of any kind and it’s not clear whether any transaction will happen at all.”
Besides the Golden Globes, Dick Clark produces many other awards and shows including the American Music Awards, the Academy of Country Music Awards and So You Think You Can Dance.
Founder Dick Clark died in April but had not been an owner of the company that bears his name for nearly a decade.
News of the hiring of Raine and a possible sale of Dick Clark Productions first appeared on the Los Angeles Times website.