Todd Boehly’s Eldridge Industries Acquires Dick Clark Productions from MRC in Media Assets Division –

Sports and entertainment mogul Todd Boehle is making changes to his Hollywood portfolio. The former Guggenheim Partners executive, who founded his own company Eldridge Industries, in 2015 negotiated the division of Golden Globe producer Dick Clark Productions, MRC.

Under the terms of the deal, Eldridge de Boehly will no longer be a majority shareholder. house of cards s ozarks Produced by MRC, directed by executives Asif Satchu and Modi Wiczyk, with minority interest. MRC will retain interests in Civic Center Media and T-Street. and assets such as DCP and Luminate, a music data company that operates advertising panel Charts, will be transferred to Eldridge and spun off from MRC Holdings. MRC participation the hollywood reporter Eldridge Industries will also be transferred as part of the agreement.

Boehly, whose Eldridge Industries also owns stakes in entertainment companies such as A24 and Fullwell Productions and the Film Expo Group, which organizes industry events such as ShowEast and CineEurope, is also part of the Los Angeles Dodgers franchise and has recently taken over the club. Awarded League. . chelsea

Bohl’s involvement in the Hollywood media scene dates back more than a decade. In 2009, Nielsen sold it. THR, advertising panel, Advik and other publications for investment firm Guggenheim Partners and private equity firm Pluribus Capital to form a company called e5 Global Media LLC. In 2010, the proprietary group changed the name of e5 to Prometheus Global Media and relaunched the trade paper as a glossy weekly magazine aimed at industry experts. In 2013, the Guggenheim announced that it had acquired a stake in Pluribus Capital. THR and formed Guggenheim Digital Media to house its editorial assets. Two years later, Guggenheim Partners was dissolved THR CEO who oversaw Bohly’s media investments when he left the financial services company to form his Eldridge Industries brand.

Eldridge Industries is grouped THR s advertising panel with production company MRC to form a company called Valence Media in 2018, led by MRC executives Satchu and Wiczyk and chaired by Boehly. what did he bring THR Under the same corporate umbrella as a film production and financing group that supported resources such as you s knives out and produced the Golden Globes.

In July 2020, the Valence Media name was dissolved and the asset it housed THR Simply renamed MRC, bundled into a media division, a data unit, and a live and alternate division that included Dick Clark Productions. In October 2020, MRC launched a joint venture with Penske Media called PMRC. Owner Jay Pensky’s company took operational control THR and placed the magazine under the same corporate umbrella as its nearly century-old rival, varietyIn addition to publications such as Rolling Stone, Deadline, IndieWire s world water day. (It appears the PMRC name is retiring due to the sale of MRC assets. Satchu and Wichik said on Friday, “We thank Eldridge for their continued partnership and wish all our colleagues the best of luck in the future.”)

Boell is also acting executive director of the Hollywood Foreign Press Association, the organization that publishes The Globe. His Eldridge Industries also has a financial stake in Cain International, which has a stake in the Beverly Hilton Hotel, the venue that hosts the Golden Globes. On July 28, the HFPA announced that its members supported Eldridge’s proposal to take over the assets that the Golden Globes manage to create a for-profit company. The HFPA noted the decision: “Bohl was not part of the review, recommendation or approval process.”