Golden Globes Sold as Hollywood Foreign Press Association Dissolves





On Monday, The Golden Globe Awards were sold as the Hollywood Foreign Press Association shuts down. The annual award ceremony was bought by Eldridge Industries alongside Dick Clark Productions.

“As stewards of the Golden Globe Awards, our mission is to continue creating the most dynamic awards ceremony on live television viewed across the world. We have a great team in place to grow this iconic brand and captivate new and existing audiences to celebrate the very best in television and motion pictures,” said Jay Penske, CEO, Chairman, and Founder of Penske Media and CEO of Dick Clark Productions.

Eldridge Industries is striving to restructure how voting is conducted for the Golden Globe Awards. Chairman Todd Boehly said, “Today marks a significant milestone in the evolution of the Golden Globes.”

No financial details were disclosed regarding the transaction, though this signals the death of the Hollywood Foreign Press Association. It is disbanding after failing to recover from a number of scandals surrounding its lack of diversity among the association’s members. 

In February of 2021, sources revealed that none of the 87 Hollywood Foreign Press Association members were Black, resulting in a significant backlash towards the association.

This escalated as several Los Angeles journalists had their credentials questioned and were found to rarely contribute to “obscure” international outlets while also accepting elaborate gifts during the voting timeframe. Many began questioning why certain projects received nominations over others, as well as the creators and talents included in said projects.

The controversies caused NBC to refuse to broadcast the 2022 Golden Globe Awards but brought back the annual award ceremony in 2023, hosted by Jerrod Carmichael.

The 81st Golden Globe Awards is scheduled for January 7th, 2024, though no network has offered to air the event as of yet. The upcoming ceremony will still allow all 310 eligible members to cast their votes for this year’s best in film and television entertainment.

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