Peter Guber’s Mandalay Entertainment and Mosaic Media Group joined forces Monday to acquire a majority interest in Dick Clark Productions in a transaction designed to consolidate the operations of the three companies to create a new television production company. Financial terms of the transaction were not disclosed.

The combined company will be called Mandalay Mosaic Television Group and is looking to “aggressively acquire and create new television assets,” the company said, while also leveraging Dick Clark Productions franchises such as “The Golden Globe Awards” and “Dick Clark’s New Year’s Rockin’ Eve,” as well as the recently announced “American Bandstand” remake.

Allen Shapiro, president and partner of Mosaic, will manage the new entity. Other Mosaic partners include Chuck Roven, Eric Gold and Jim Miller.