The beleaguered Hollywood Foreign Press Association (HFPA) is to wind down after Dick Clark Productions (DCP) and Eldridge announced on Monday (June 12) they have acquired all the Golden Globes’ assets, rights, and properties from the group.
The HFPA and its members will cease to exist while proceeds from the transaction as well as the existing resources of the HFPA will transition into a new California-based nonprofit, the Golden Globe Foundation, which will continue the legacy of HPFA’s entertainment-related charitable donations.
As part of the transaction, DCP and its partners will plan, host, and produce the annual Golden Globe Awards show and pursue global commercial opportunities for the show.
The 81st Annual Golden Globe Awards will take place on Sunday January 7 2024.
The HFPA was founded in 1943 by a group of non-US journalists. The HFPA was founded in 1943 by a group of non-US journalists. Over the years, they built up a show that many considered the most entertaining on the awards circuit. However, in recent years it became mired in controversy. The fallout caused NBC to refuse to broadcast the 2022 ceremony. It was held as a private event, with the group announcing its winners via twitter. The show was still held, but many industry professionals felt it had lost its luster and significance. As of the time of writing, it was unclear whether NBC or another broadcaster would broadcast the 2024 ceremony. Netflix will begin airing the SAG Awards in 2024, a first in the world of film and television awards.
There are currently 310 voters for the 81st Golden Globes in 2024, comprising 95 HFPA members and 215 international voters.“We are excited to close on this much anticipated member-approved transaction and transition from a member-led organisation to a commercial enterprise,” said Helen Hoehne, who most recently served as HFPA president.“Today marks a significant milestone in the evolution of the Golden Globes,” said Todd Boehly, the Eldridge chairman who is also co-owner of Chelsea Football Club in the UK. “My partners at DCP, and I, are grateful to Helen for her commitment to a successful implementation of a rigorous approach to governance, expanding the diverse and international voting bodies, implementing a safe, professional, and accountable environment, as well as trusting new ownership to create a new direction for Globes.” “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.”
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