The Golden Globes awards have a new owner after years of controversies.
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Dick Clark Productions and Eldridge announced on Monday that they have purchased all of the Golden Globes’ assets from the Hollywood Foreign Press Association (HFPA). As a result, the HFPA will be dissolved.
“We are excited to close on this much anticipated member-approved transaction and transition from a member-led organization to a commercial enterprise,” said Helen Hoehne.
“Today marks a significant milestone in the evolution of the Golden Globes,” said Todd Boehly, Chairman of Eldridge. “My partners at DCP and I are grateful to Helen and team for their commitment to the successful implementation of a robust approach to governance, the expansion of the diverse and international voting body, implementing a professional, safe, and accountable environment, and trusting new ownership with a new direction for the Globes.”
“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,” said Jay Penske, CEO, Chairman and Founder, Penske Media, and CEO of DCP. “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.”
The proceeds of the sale, along with the existing resources of the HFPA, will be combined to form the Golden Globe Foundation, which will carry on the organization’s charitable work.
The Golden Globes had had serious issues over the last several years from accusations of a lack of diversity amongst its membership, to allegations of award buying by studios. If new ownership is able to fix these issues remains to be seen.
The 81st annual Golden Globe Awards will be held on Jan. 7, 2024. As of now, no TV partner has been signed for broadcast rights.
