DICK CLARK PRODUCTIONS AND AEG ANNOUNCE THAT THE 2007 AMERICAN MUSIC AWARDS WILL BE HELD AT THE NOKIA THEATRE L.A. LIVE

Event Will Be Broadcast Live on ABC November 18, 2007 from the State-of-the-Art Theatre Located adjacent to STAPLES Center and Los Angeles Convention Center

Dick Clark Productions, Inc. and AEG today announced that the 2007 American Music Awards will be broadcast live on ABC from the new NOKIA Theatre L.A. LIVE on Sunday, November 18, 2007 at 8:00 pm EST.

The 2007 American Music Awards, which will be celebrating its 35th anniversary this year, will be the first awards show or broadcast event to take place in the 7,100 seat state-of-the-art theatre (opening this October) located across from STAPLES Center in downtown Los Angeles. The American Music Awards were previously held at the Shrine Auditorium.

"We are thrilled to be the first awards show to be broadcast live from NOKIA Theatre L.A. LIVE. We expect that this new venue will provide performers with an incredible stage to showcase their talents," said Terry Bateman, CEO of Dick Clark Productions. "The venue will provide those in attendance with unsurpassed state-of-the-art acoustics, intimate site lines and a collection of amenities, and we expect that the new theatre will provide the television audience with an enhanced viewing experience."

"We are proud that the American Music Awards, as the theatre's first awards show, will be a focal point of our 'Grand Opening Month' of special events at NOKIA Theatre L.A. LIVE," said Timothy J. Leiweke, President & CEO, AEG, owners and operators of the new downtown Los Angeles venue. "There will be no more comfortable or technologically superior showplace anywhere to present this marquee event. We thank Dick Clark Productions for selecting NOKIA Theatre L.A. LIVE as the new home for this great show and look forward to presenting additional high-profile events that nobody does better than Dick Clark Productions."

Today's announcement should provide a boost for Downtown Los Angeles and city planners, who have supported the efforts and vision to make the L.A. LIVE complex the centerpiece of a new and more vibrant Downtown area.

"Downtown Los Angeles is in the midst of a major transformation and L.A. LIVE is destined to be a main attraction for the entire region," said Mayor Antonio Villaraigosa. "Our revitalized urban core will make its big center stage debut when the American Music Awards come to Nokia Theatre L.A. LIVE on November 18th."

Mr. Bateman added, "Downtown Los Angeles will be in the national spotlight on November 18. We look forward to a great evening of music, dancing and parties in and around the L.A. LIVE complex. It should be a terrific night!"

The NOKIA Theatre L.A. LIVE is at the center of the L.A. LIVE sports, residential and entertainment district. Across the street from STAPLES Center and adjacent to the Los Angeles Convention Center, L.A. LIVE will eventually include a 54-story, 1001 room convention "headquarters" hotel, Club Nokia, a 2,200 capacity live music venue, a 14-screen Regal Cineplex, "broadcast" facilities for ESPN along with entertainment, restaurant and office space.

About Dick Clark Productions, Inc.

Founded in 1957, dick clark productions, inc. ("DCPI") is a leading independent producer of television programming. DCPI produces perennial hits such as Dick Clark's New Year's Rockin' Eve, the American Music Awards, the Golden Globe Awards and the Academy of Country Music Awards. DCPI 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, among other things. For additional information, please visit www.dickclarkproductions.com.

About the American Music Awards

In 1973 Dick Clark created The American Music Awards to pay tribute to popular musicians from various genres of music and to put audiences in touch with the latest phenomena in American music. Nominees and winners are decided by national sales, radio play and by public voting. Since its founding, the AMAs have honored and showcased the talents of some of the biggest names in the music industry. The 2007 American Music Awards will be broadcast live from Los Angeles on ABC on November 18 at 8:00 pm EST.

About NOKIA Theatre L.A. LIVE

Destined to become the preferred indoor venue for performers and fans alike, NOKIA Theatre L.A. LIVE is world-class 7,100-seat venue for live performances located in downtown Los Angeles within the new L.A. LIVE sports, residential and entertainment district. Offering guests mid-sized intimacy, with no seat further from the stage than 210 feet, exceptional comfort and amenities never before included in similar theatres, NOKIA Theatre L. A. LIVE will host over 120 music, family, dance and comedy acts, award shows, televised productions, conventions and product launches annually.

In the center of the entertainment capital of the world, NOKIA Theatre L.A. LIVE will be the heart and soul of the 4 million square foot L.A. LIVE sports, residential and entertainment district. Across the street from STAPLES Center, the world's busiest arena, and adjacent to the Los Angeles Convention Center L.A. LIVE will ultimately become the primary the "content campus" and event center for southern California where people seeking entertainment offerings intersect with the sports and entertainment industries at work in an energetic, unique, urban environment covering more than 6 city blocks.

The 27-acre L.A. LIVE will also include a 54-story, 1001-room convention "headquarters" hotel (combining JW Marriott and The Ritz Carlton brands and 224 luxury condominiums - The Ritz Carlton Residences at L.A. LIVE), Club Nokia, a 2,200 capacity live music venue, a 14-screen Regal Cineplex, "broadcast" facilities for ESPN along with entertainment, restaurant and office space.

NOKIA Theater L.A. LIVE - Downtown like you've never heard it before.

For more information please visit www.nokiatheatrelalive.com.

Contacts

For Dick Clark Productions, Inc. or The American Music Awards Terry Fahn Dick Clark Productions, Inc. (310) 786-8900 tfahn@dickclark.com

For AEG/L.A. LIVE Michael Roth AEG / L.A. LIVE (213) 742-7155 mroth@lakings.com