Exciting news in the entertainment industry! Dick Clark Productions and Eldridge have just announced their acquisition of all the Golden Globes’ assets, rights, and properties from the Hollywood Foreign Press Association. This means that the HFPA and its membership, who have been responsible for handing out the awards, will be winding down. But don’t worry, the new owners have big plans for the future. With proceeds from the transaction and the existing resources of the HFPA, they will launch the Golden Globe Foundation, which will continue the organization’s entertainment-related charitable giving.
As part of the deal, DCP and its partners will plan, host, and produce the annual Golden Globe Awards show and will pursue commercial opportunities for the Golden Globes globally. And mark your calendars, because Dick Clark Prods. has already announced that the 81st annual Golden Globe Awards will be held on Sunday, January 7, 2024. While there is no broadcast partner yet for the event after the awards show’s most recent contract with NBC came to an end, discussions have been held with outlets including NBC.
This acquisition completes a process that was kicked off last July when the HFPA approved Eldridge Industries’ proposal to create a private entity to manage its Golden Globes assets, with a separate nonprofit to preserve its charitable and philanthropic programs. The restructure was proposed by Todd Boehly, the Eldridge chairman and CEO who was named interim CEO of the HFPA in fall 2021 amid the organization’s restructuring after backlash over its practices and lack of diversity. Eldridge, along with PMC in a joint venture, owns dick clark productions, which produces the Golden Globes.
The 2023 Golden Globe Awards marked the awards show’s return to TV following a non-televised 2022 ceremony amid controversy surrounding the lack of diversity among HFPA membership. The ceremony drew 6.3 million viewers, an all-time low. But with this exciting acquisition and the launch of the Golden Globe Foundation, we can’t wait to see what the future holds for this iconic awards show. Stay tuned for more updates!
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