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Golden Globes Have New Owners

The famous Golden Globe Awards have been sold to Eldridge Industries. With the sale comes the shutting down of the Hollywood Foreign Press Association (HFPA).

The HFPA was the voting group that faced controversy over the last few years for its lack of diversity and ethical errors.

The demise of the HFPA has been increasing over the past few years as it has struggled to repair its damaged reputation.

The Golden Globes assets were purchased along with Dick Clark Productions who will still manage the telecast of the awards show. No doubt they will be hoping to increase the viewership around the world as in the last two years those numbers have been declining steadily.

NBC broadcasted the awards show in 2023 but no network has placed a bid to broadcast it next year.

Dick Clark Productions is co-owned by Eldridge Industries and Penske Media.

Todd Boehly, Eldrige Industries’ Chairman said in a statement that as the new owners they aim to reshape the HFPA from a NPO of international entertainment reporters into hired workers in a for-profit venture.

“Today marks a significant milestone in the evolution of the Golden Globes.”

Image credit: The Ringer

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