The rights to the Golden Globe Awards have been sold to a new owner who announces the closure of the Hollywood Foreign Press Association (HFPA).
With the purchase, Eldridge Industries will take over the Golden Globe Awards, while Dick Clark Productions (DCP) will continue to be responsible for the telecast. Eldridge and Penske Media co-own DCP.
The sale took place after the HFPA, as a regulator and awardee, failed to repair its reputation. The Hollywood Foreign Press Association has been accused of unregulated and fraudulent funding, as well as a lack of diversity by not having any black journalists in its ranks.
Criticism of the HFPA led US television network NBC to drop last year’s Golden Globes ceremony. This year, NBC aired the awards ceremony. But so far no one has taken on the task of broadcasting next year’s ceremony.
Eldridge Industries Chairman Todd Bohle says the intention is to close the HFPA in its current form. The non-commercial organization HFPA, which today consists of foreign cultural journalists in the United States, will be transformed into a company with profits and salaried employees.
A spokesperson said the association, which has 310 current members, will be allowed to vote on next year’s awards.
The sale has been approved by the authorities in California. The sale price has not been announced.
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