U.K. net aims to up int'l revenue
LONDON — British commercial net ITV has been kicking the tires of Golden Globe producer Dick Clark Prods., according to U.K. sources.
ITV reps declined to comment on the speculation after satcaster Sky News and the Guardian newspaper both reported the news on Tuesday.
The move would be in line with ITV’s strategy of seeking revenue streams from outside the U.K. The company has an acquisitions war-chest of about £1 billion ($1.57 billion), well able to cover DCP’s estimated $350 million pricetag.
Production arm ITV Studios recently inked a deal to acquire Norwegian production company Mediacircus and signed a joint development pact with Israeli broadcaster Reshet.
However, a separate source injected a note of doubt about a possible ITV bid, telling the Guardian that DCP did not offer sufficient growth potential.
“Dick Clark doesn’t create shows, so growth would be difficult — and growth is what ITV said it wants to achieve for its studio business, internationally,” the source said.
ITV is just one of many companies interested in DCP.
According to a Reuters report on Saturday, CBS is also eyeing Dick Clark. Other interested parties are said to include “American Idol” host Ryan Seacrest, Mirimax owner Colony Capital, private equity firm Guggenheim Partners and Core Media Group, which is the parent of “American Idol” producer 19 Entertainment.