News Nuggets: Hollywood Reporter parent company nears deal to buy Dick Clark Productions

Hollywood Reporter parent company nears a deal to buy Dick Clark Productions: “Guggenheim Partners has entered final negotiations to acquire Dick Clark Productions for an amount that exceeds its hefty asking price, multiple sources tell The Hollywood Reporter. The deal for the storied production company behind the Golden Globe Awards, the American Music Awards and other TV programming is expected to close in the next week or two, according to sources familiar with the negotiations … Guggenheim, a diversified financial services company based in Chicago and New York, is the primary financier behind the $2.15 billion purchase of the Los Angeles Dodgers that was announced earlier this year. The company manages more than $160 billion in assets and is a co-owner of Prometheus Global Media, owner of The Hollywood Reporter.” HOLLYWOOD REPORTER

Would Guggenheim purchase of Dick Clark Productions be a conflict of interests? “… The Hollywood Reporter got a ‘scoop’ they posted in the early evening: their parent company, Guggenheim Partners, is in ‘exclusive talks’ to buy Dick Clark Productions, which produces the Golden Globes, American Music Awards, and People’s Choice Awards … But think of it: the three awards shows with the least amount of integrity and the most criticism would be owned by the company that publishes the Hollywood Reporter and Billboard, the publications that are supposed to ‘cover’ them. Yikes. Talk about the fox guarding the henhouse.” SHOWBIZ 411

Neil Patrick Harris will return for Joss Whedon‘s “Dr. Horrible” sequel: “The follow-up to the 2008 made-for-internet musical is scheduled to begin production this year, according to creator Joss Whedon. The CW will air the original Dr. Horrible on October 9. ‘Dr. Horrible’s Sing-Along Blog’ follows the love triangle between super-villain-in-training Dr. Horrible (Harris), his arch nemesis Captain Hammer (Nathan Fillion) and their shared love interest (Felicia Day). The musical, written and directed by Whedon and his brothers Zack and Jed Whedon, was first posted online in July 2008. The project stemmed as a result of the Writer’s Guild of America Strike, and went on to win an Emmy, a Streamy and a People’s Choice Award.” BROADWAY.COM

It’s difficult to top Madonna‘s performance at the inaugural Video Music Awards: “For MTV’s Video Music Awards, it’s really been downhill ever since the very first telecast in 1984. Which is not too great a knock on the subsequent years. That was the awards show that basically presided over Madonna’s shotgun marriage to pop culture, thanks to a performance that eliminated any long-standing associations between ‘white’ and ‘purity’ and forever made the phrases ‘wedding dress’ and ‘writhing’ seem perfectly appropriate together in the same sentence.” YAHOO! CANADA

“It Gets Better” project honored with Emmy Governors Award. From the press release: “Created in 1978, the Governors Award salutes an individual, company or organization that has made a substantial impact and demonstrated the extraordinary use of television … ‘The It Gets Better Project is a great example of strategically, creatively and powerfully utilizing the media to educate and inspire,’ said [Television Academy Chairman and CEO Bruce] Rosenblum.  ‘This is television moving well beyond the traditional physical set in the viewer’s living room to the intimacy of the monitor, laptop, tablet or mobile device and delivering the ideal mix of inspiration and creativity to affect awareness and, ultimately, change. The Academy is proud to celebrate the success the Project is already having on LGBT youth, and, to hopefully, drive more visibility for this important cause.'”

Will Terrence Malick‘s “To the Wonder” be his Oscar home run? “I feel I see something that no one else does.  I’ve been doing this a long time but I’ve never had the overwhelming feeling like I just figured out the Oscar race in August.  I was sitting down to do my Oscar predictions like any other month.  Making some switches, moving some contenders, and cleaning out films and performances that we thought would be coming out but still have no release date. I stared at a few names and had an epiphany.  It was as if I was Russell Crowe in ‘A Beautiful Mind,’ and the code all came off the page and circled my head in an Oscar sensation.  On August 25, 2012 I’ve chosen to make my first ballsy prediction of the year.  Terrence Malick and his film, ‘To the Wonder’ wins Best Director and Best Picture at the Oscars 2013.” HOLLYWOOD NEWS

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