Golden Globes 2017 Live: China’s Wanda in Early Talks to Pay Billion for Dick Clark Productions
A purchase of Golden Globes 2017 Live the producer of the Golden Globes would mark an expansion of Wanda’s stated plan to enter the U.S. entertainment market in a big way.Last month, China’s richest man went public with his goal of sealing at least two $1 billion deals for Hollywood companies this year. Looks like he wasn’t kidding.
Event Date: 8th January 2017
Where Place On : Beverly Hilton Hotel
Official Live/BroadCasting : goldenglobeslive.com
Dalian Wanda Group, run by the outspoken Wang Jianlin, has held preliminary talks to purchase Dick Clark Productions, the prolific company behind the Golden Globe Awards, American Music Awards, Billboard Music Awards and other live television events, according to sources. The price for DCP is said to value the company in the “neighborhood” of $1 billion.
Sources say Wanda has held talks in recent weeks about DCP, which produces So You Think You Can Dance in addition to its stable of awards shows, though the talks are said to be in the early stages and due diligence on the company’s assets has begun. DCP is part of a group of entertainment assets controlled by Eldridge Industries, the investment vehicle of former Guggenheim Partners executive and Los Angeles Dodgers co-owner Todd Boehly. (The Hollywood Reporter and Billboard media brands also are part of those assets, but would not be part of a Dick Clark deal, according to sources.)“Dick Clark Productions and Beijing Wanda Culture Industry Group Co., Ltd., have agreed to enter into exclusive talks with the shared goal of finalizing a mutually satisfactory transaction,” a spokesperson for Eldridge Industries tells THR.
“DCP is controlled by Eldridge Golden Globes Awards 2017 Live Stream Industries, which announced last month that it was conducting a strategic review of its media holdings.”A rep for Wanda declined to comment.Guggenheim and others purchased Dick Clark for about $370 million in 2012 amid increased demand for television content, especially live events, which are perceived as more “DVR proof” and thus appealing to advertisers. Many of the Guggenheim entertainment properties were spun off last year with Eldridge, which has been working with investment banks Moelis & Co. and Goldman Sachs to gauge interest in Dick Clark.If Wanda seals a deal for the company, it will mark a major escalation for a firm that is aggressively pursuing Hollywood assets. Earlier this year, Wanda paid a reported $3.5 billion to acquire Legendary Entertainment, Thomas Tull’s studio behind Pacific Rim, Warcraft and the upcoming The Great Wall, starring Matt Damon. Wanda,
which began as a real estate development company in China, already owns the AMC Entertainment theater chain in the U.S. and other chains around the world. It also inked a major partnership with Sony Pictures last week.“My goal is to buy Hollywood companies and bring their technology and capability to China,” Wang said in a recent interview with Reuters outlining his strategy. “We are interested not only in Paramount, but all of them. If one of the Big Six would be willing to be sold to us, we would be interested,” Wang added. The Paramount deal was then taken off the table by Viacom’s newly installed board.
A Wanda deal would be the second sale in a decade for Dick Clark, which was launched in 1957 by the legendary broadcaster and American Bandstand host, who died in 2012. (It is currently run by CEO Allen Shapiro.) In 2007, RedZone Capital Management, a private equity group funded by Daniel Snyder, paid $175 million for the company. Guggenheim partnered with Peter Guber’s Mandalay Entertainment and others to buy it in 2012On Monday, the Scream Queens star and children’s book author celebrated the release of her new book, This is Me in New York City, which hits stores on Sept. 20.The book is about a teacher who tells her class about her great-grandmother’s journey from her home to a new country with nothing but a small suitcase to bring along. The book asks young readers, “What would you pack? What are the things you love best? What says, ‘This is me!’?”Naturally, we had to know what Curtis would pack.
“There’s not a Golden Globe in that suitcase,” Curtis said during a Q&A at the event hosted by The Moms. “I don’t even know where they are, and I’m not being facetious.”JAMIE LEE CURTIS“I have saved every hair off my children’s head…there is nothing ‘show-business’ in my suitcase. Not a Golden Globe … not any of it,” the two-time winner added to prove her point that there are more important things in life than work.Curtis, who was recently nominated for a Globe for her role on Scream Queens, said she’d pack a family photo and a gold box her late father Tony Curtis gave her mother Janet Leigh when they were still together.
“I was raised in a family of 11 divorces and a lot of anger and a lot of hard feelings and yet this little box that my mother kept all those years is a physical representation of the fact that they actually liked each other,” she told PEOPLE. And now, Curtis uses that box. “In it I have my grandmother’s wedding ring, my mother’s wedding ring, my wedding ring, a pin my daughter gave me and a ring my son gave me.”The family photo is important to Curtis, 58, because it was taken the only time in her life her entire family was together in one room.“When I got married, the only gift that I asked for from my father is that my entire family and all my siblings would be in one room,” she revealed to PEOPLE. “And I have a photograph from my wedding of my entire family.”
While her family might not have Golden Globes Awards 2017 Live always gotten along, she learned some important lessons from her famous parents.“Public attention was very important to my parents,” she told PEOPLE last year. By watching them, she discovered that was not the way she wanted to live. “When I’m out in the world I don’t walk around like my father used to,” she said. “He’d walk into a restaurant and preen and pose and say, ‘Hello, you fine people. I’m Tony.’ … That’s not me.”Even though Curtis’ trophies aren’t a huge priority for her, her costars on Scream Queen‘s are: “Every one of these girls is an accomplished writer, thinker, performer, crafter, brander, designer, artist. They all have albums they have books.”
“They are a wildly talented bunch of young women who put this whole idea that millennials are somehow slackers way out of the discussion — every one of these girls from Lea Michele to Emma Roberts to Abby Breslin to Keke Palmer, all of them,” she added.But, if they ever do need her advice, Curtis will be there.“The good news is that they feel safe with me,” she expressed, describing the polar opposite of her character on the show. “And I would hope that if there is ever a moment when they needed me, they would know that I was safe for them to call.”