dick clark productions, inc. Purchases Stake in Carmel, CA Based Coastal Luxury Management

dcp and CLM Partner to Create New Culinary Programming and Events

May 11, 2010, 10:00 ET from dick clark productions, inc.

SANTA MONICA, Calif. and CARMEL, Calif., May 11 /PRNewswire/ -- Orly Adelson, president of dick clark productions, inc. (dcp) and Robert Weakley and David Bernahl, co-founders of Carmel, CA based Coastal Luxury Management (CLM), producer of nationally renowned Pebble Beach Food & Wine jointly announced today that dcp has purchased an interest in CLM.  The deal includes CLM's restaurant ventures and other lifestyle events and projects.

"Coastal Luxury Management provides us a unique opportunity for growth in the emerging culinary and celebrity/lifestyle markets.  We look forward to expanding both events and programming together with CLM," stated Adelson.

"dcp brings us a whole new dimension of possibilities for our Food & Wine events," said David Alan Bernahl, II, co-founder of Coastal Luxury Management. "The ability to weave in brand new entertainment components with broadcast content will allow us to create truly unique and proprietary experiences for viewers and enthusiasts from around the world."

Conversations are underway to create events bridging mainstream musicians and actors with the new celebrity chef genre, consumer events, television content, and other entertainment ventures.  

Coastal Luxury Management will be announcing the host city of its next major food and wine event in the coming months.

Terms of the deal were not disclosed.

About Coastal Luxury Management

Coastal Luxury Management is fast growing company focused on identifying unique opportunities in the hospitality, entertainment, and event sectors. CLM produces Pebble Beach Food & Wine, now recognized as one of the best culinary events in the country. In its third year, the four-day event, hosted throughout Pebble Beach Resorts celebrates 70 celebrity chefs, 250 wineries from around the world, and attracts more than 5500 attendees. In addition CLM produces Harvest: Farm-to-Table, a two-day agriculture lifestyle event hosted at Peninsula Hotel Group's Quail Lodge in Carmel Valley. The event attracts more than 4000 attendees and hosts 60 regional chefs and 100 wineries. CLM has two new restaurant projects launching in the summer of 2010, Cannery Row Brewing Company and Restaurant 1833. CLM produces specialty culinary events around the country for clients and manages the American Institute of Wine & Food (AIWF) nationally. For additional information about CLM, please visit www.coastalluxurymanagement.com.

About dick clark productions, inc.

Founded in 1957, dick clark productions, inc. (dcp) is a leading independent producer of television programming. dcp produces perennial hits such as the "American Music Awards," "Golden Globe Awards," "Academy of Country Music Awards," and "Dick Clark's New Year's Rockin' Eve with Ryan Seacrest." dcp also produces popular weekly television programming, including "So You Think You Can Dance," and owns and maintains one of the world's most unique and extensive entertainment libraries, which includes more than 30 years of "American Bandstand" footage.  For additional information about dcp, please visit www.dickclarkproductions.com.

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