According to reports, at least 40 bidders have expressed an interest in acquiring the production house that bears the name of the late Dick Clark. But his estate won’t be the seller.
The company is owned by Red Zone Capital, an equity company owned by Washington Redskins owner Dan Snyder. Red Zone acquired DCP back in 2007, and is said to be exploring a possible sale because it received some insolicited offers.
Key DCP program franchises include the Golden Globes, the American Music Awards and current Fox program “So You Think You Can Dance.”
RZC is said to be undecided whether to sell or not – and it certainly won’t unless the price gets into a zone of its own, believed to be in the $350M-$400M area.
“American Idol” host Ryan Seacrest is the latest to add his name to the list of potential suitors for the company.