The Golden Globe Awards were sold on Monday to a new owner that will shut down the Hollywood Foreign Press Association (HFPA), the voting group that faced controversy over ethical lapses and a lack of diversity.
Eldridge Industries purchased the Golden Globe assets with Dick Clark Productions (DCP), which will continue to manage the awards telecast and focus on expanding the Globes’ viewership around the world, a press release said. DCP is co-owned by Eldridge and Penske Media.
The sale comes after the HFPA struggled to repair its reputation after a Hollywood backlash over its ethics and lack of diversity, which led US TV network NBC to drop the Golden Globes ceremony in 2022. A Los Angeles Times investigation in 2021 revealed the organisation had no black journalists in its ranks. Some members were accused of making sexist and racist remarks and soliciting favors from celebrities and movie studios
Eldridge chairman Todd Boehly aims to reshape the HFPA, a nonprofit of global entertainment reporters, into hired workers in a for-profit venture. All of the 310 current voters will be eligible to cast ballots for the next ceremony in 2024, a spokesman said.
Financial terms of the deal were not disclosed.
Eldridge Industries purchased the Golden Globe assets with Dick Clark Productions (DCP), which will continue to manage the awards telecast and focus on expanding the Globes’ viewership around the world, a press release said. DCP is co-owned by Eldridge and Penske Media.
The sale comes after the HFPA struggled to repair its reputation after a Hollywood backlash over its ethics and lack of diversity, which led US TV network NBC to drop the Golden Globes ceremony in 2022. A Los Angeles Times investigation in 2021 revealed the organisation had no black journalists in its ranks. Some members were accused of making sexist and racist remarks and soliciting favors from celebrities and movie studios
Eldridge chairman Todd Boehly aims to reshape the HFPA, a nonprofit of global entertainment reporters, into hired workers in a for-profit venture. All of the 310 current voters will be eligible to cast ballots for the next ceremony in 2024, a spokesman said.
Financial terms of the deal were not disclosed.