Dick Clark Productions, Todd Boehly’s Eldridge Acquire Golden Globe Awards as Hollywood Foreign Press Association Shutters
variety.comCynthia Littleton Business Editor Big changes are afoot for the Golden Globe Awards now that Dick Clark Productions and Todd Boehly’s Eldridge have acquired the assets of the nonprofit Hollywood Foreign Press Association, which will shutter as the awards franchise moves into a new era.
The new owners will use the assets and the cash on hand from the HFPA to establish the Golden Globe Foundation, which will continue on the HFPA’s tradition of charitable giving.
The awards show itself and related assets will now be part of the for-profit operations of Dick Clark Productions, which has long been allied with the HFPA for the awards show.
The move out of the HFPA’s nonprofit status will allow the Globes to pursue many more commercial opportunities than were possible under the HFPA regime.
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