The Golden Globes may be on the move as its longtime TV home NBC failed to close a new deal for the highly rated awards franchise within its exclusive negotiation window.
The new venture announced Thursday is called Valence Media and combines the Billboard-Hollywood Reporter Media Group, Dick Clark Productions and film and television studio MRC. MRC co-founders Asif Satchu and Modi Wiczyk will lead Valence as co-CEOs.
The much-ballyhooed $1-billion deal to sell Dick Clark Productions to China’s Dalian Wanda Group is headed for collapse, say three people familiar with the matter who were not authorized to speak publicly.
The $1 billion sale of the Golden Globes producer has fallen apart over problems getting currency out of China and passing regulatory muster with the Chinese state, according to insiders.
Twitter has signed a deal with Dick Clark Productions to renew its exclusive live streaming of red carpet coverage at awards shows. The new deal will take effect for the forthcoming CMAs and include the Billboard Music Awards and American Music Awards, among other events.
China’s Wanda Group has completed a deal to buy Dick Clark Productions, the company that produces the Golden Globes, the Billboard Music Awards, the American Music Awards, Dick Clark’s New Year’s Rockin’ Eve With Ryan Seacrest and other special events for approximately $1 billion.
China’s Wanda Group is contemplating a deal that could give it control of Dick Clark Productions, which broadcasts the Golden Globes, the American Music Awards, Dick Clark’s New Year’s Rockin’ Eve With Ryan Seacrest and other splashy events.