The Golden Globes Awards were sold on Monday to a new owner, Elridge Industries. This means that Hollywood Foreign Press Association (HFPA), may be shut down.
HFPA, the Golden Globes voting group faced controversy over ethical lapses and a lack of diversity in 2022.
The HFPA responded by expanding and diversifying its membership and instituted new ethics policies.
However, this was not enough to salvage the groups reputation. Eldridge Industries has now purchased the Golden Globes assets with Dick Clark Productions (DCP).
DCP who has always been in charge of production will continue to manage the awards telecast and focus on expanding the Globes’ viewership around the world.
DCP is not an independent company, it is co-owned by Eldridge and Penske Media. The Golden Globes sale comes after the HFPA struggled to repair its reputation after a Hollywood backlash.
As stated above, the voting group could not salvage it’s reputation over even after it changed its ethics and made provisions for inclusion.
A direct consequence of that was that the U.S. television network NBC dropped the Golden Globes ceremony in 2022.
What happened? The Los Angeles Times conducted an investigation in 2021 on the voting group. The results was that the Golden Globes organization had no Black journalists in its ranks.
Some of it’s members were also accused of making sexist and racist remarks and soliciting favors from celebrities and movie studios.
Eldridge Industries Chairman Todd Boehly wants to resstructure the HFPA, from its nonprofit organization of international entertainment reporters starts to hired workers in a for-profit venture.
The owner of Elridge Industries has great plan for the organization. For one thing, it’s 310 current voters will be eligible to cast ballots for the next ceremony in January 2024, a spokesperson said.
“Today marks a significant milestone in the evolution of the Golden Globes,” Boehly said in a statement. NBC aired the Globes again in 2023.
No Network has yet signed up to run the 2024 ceremony. And the Financial terms of the deal, which was approved by California’s attorney general, were not revealed.