MRC elected NBCUniversal alum Adam Stotsky as President of MRC Live & Alternative
MRC hires Adam Stotsky as president for its newly created operations called MRC Live and Alternatives, formerly on behalf of Dick Clark Productions.
Adam Stotsky, who spent 20 years (joining in 2001) at NBCUniversal as global president of E! Entertainment. He began his career as chief marketing officer for NBC Entertainment in 2008. He then worked as president of Esquire Network in 2012. He ran E! Entertainment from 2014 to 2019. After that, he left NBCEntertainemt after 2 decades of work. But now, he has departed as president of the new division of MRC called Live Entertainment and Alternative Division.
MRC (Media Rights Captial) is an American media company founded by Modi (Mordecai Wiczyk) and Asif Satchu as an independent film studio. Create film and television programming. Especially, This owns a group of entertainment and music publishing industries.
What happens to dcp now?
MRC is slowly getting out of Dick Clark Productions (dcp). Now Stotsky will head the division that provides the top approval awards; this includes the American Music Awards, Academy of Country Music Awards, and ABC’s annual New Year’s Eve special;
This abrupt move marks a halt for Dick Clark Productions. Therefore, there will be no use of the nickname dcp now.
Taking these points into account, this move is a hint that MRC intends to invest in live entertainment and production capabilities that respect an unscripted one. This became uncertain between Dick Clark Productions. On top of that, the company was in a trade with the frequent buyer; it was also close to being sold to the Chinese conglomerate (Dalian Wanda).
It is generally believed that Dick Clark Productions will be inactive for some time. After the founder died at the age of 82; His son RA Clark worked for the company but later expanded his own banner, Lewis, and Clark.
What do the CEO and Adam Stotsky say?
The CEO and co-founder of MRC hopes to have Adam Stotsky on board. They expect Adam to be in a good position at MRC Live and Alternative Company. They declare saying that they seek more growth, novelty, know-how and the reputation of building franchises and iconic brands.
Adam Stotsky says it is an honor to join the MRC Company. He eagerly anticipates building on the company’s culture and innovating new programs, launching new live and alternative entertainment. He also praised RAC for its new Lewis and Clark company.