Executive realignment at Dick Clark Prods.
New president, expanded Six Flags role at TV firmEight months after Daniel Snyder's Red Zone Capital acquired Dick Clark Prods. for $175 million, the company is undergoing a management realignment at the top.
Veteran TV producer Orly Adelson has been named president of the company, while Terry Bateman, who was CEO since the acquisition, is stepping down. He will continue at DCP as an adviser.
Meanwhile, the Snyder-controlled Six Flags Inc., which owns 40% of DCP, will assume an active managerial role for the TV production company. Adelson, who will oversee all aspects of DCP's production, distribution and network operations, will report to Six Flags CEO and former top ESPN programming executive Mark Shapiro.
"This is an exciting company with enormous growth potential," Adelson said of DCP.
In addition to its extensive library that includes 30 years of "American Bandstand," DCP produces such franchises as the Golden Globe Awards, the American Music Awards, "Dick Clark's New Year's Rockin' Eve" and the Academy of Country Music Awards.
The company has been in the spotlight during the past couple of months in connection to the debacle surrounding the strike-impacted Globes.
Adelson joins DCP from Orly Adelson Prods., where she produced such TV movies and series as ESPN's "3" and "Playmakers" and Showtime's "Cavedweller."