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Article: Snyder goes H'wood with Globes grab.(dick clark productions inc., Daniel Snyder)
- Article from:
- Daily Variety
- Article date:
- June 19, 2007
- Author:
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Dick Clark Prods. has a good beat, and Washington Redskins owner Daniel Snyder wants to dance to it.
Snyder, who also serves as chairman of the board for the Six Flags amusement park chain, is expected to announce today that his Red Zone Capital Fund investment team has acquired Dick Clark Prods.--producer of the Golden Globes kudofest, among other programs--for around $175 million.
Snyder and Red Zone are acquiring the shingle from Mosaic Media Group and Peter Guber's Mandalay Entertainment, which formed Mandalay Mosaic TV Group in 2004 with Dick Clark Prods. as its key property. Allen Shapiro, who's has overseen Dick Clark Prods. as head of Mandalay ...