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Todd Boehly's Eldridge owns Dick Clark Productions after MRC split

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Chelsea owner Todd Boehly after the Premier League match between Chelsea and Watford at Stamford Bridge, London on Sunday 22nd May 2022.

Todd Boehly. Photo: Ivan Yordanov/MI News/NurPhoto via Getty Images

Eldridge Industries will take over Dick Clark Productions in a media asset split with MRC, among other changes.

Why it matters: Todd Boehly continues to grow and evolve his power in Hollywood.

  • He was recently appointed interim CEO of the Hollywood Foreign Press Association, which runs the Golden Globes. Now, he owns the production company behind the award show.

Details: Eldridge will retain a minority stake in MRC — led by founders and co-CEOs Modi Wiczyk and Asif Satchu — and investments in A24, Fulwell 73, Sugar23, Luminate and Penske Media Corporation.

  • MRC keeps its stakes in Civic Center Media and T-Street.
  • "The Live & Alternative group changed the model for awards shows, bringing them into the streaming age. Our Film, Television and Non-Fiction studio businesses have all experienced a quadrupling of their slates. And our minority holdings have enjoyed wonderful periods of growth,” Satchu and Wiczyk said in a statement.
  • Puck's Matt Belloni first reported Eldridge was buying Dick Clark Productions.

Of note: Dick Clark Productions was renamed MRC Live & Alternative last year. Eldridge will restore the studio's previous name, per Variety.

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