announced it had negotiated a term sheet with Boehly’s company to end its nonprofit status and allow it to shed all transparency about its finances and leadership — though the monetary terms also have not been disclosed.As TheWrap previously reported, Boone Isaacs and PCE proposed a partnership with the HFPA in April and in an explosive letter accused Boehly of self-dealing for seeking to reform the HFPA while also pursuing his own proposal to turn the association into a for-profit group. “From our call it’s clear there is NO process and under the new bylaws, a small, select group, NOT the members, have all the power and control to determine the future of HFPA,” the letter read.
PCE is described as “a new company comprised of a diverse group of experienced and well-known business and industry professionals” specializing in “challenging company transformations.”Boone Isaacs previously served as the first Black president of the Academy of Motion Picture Arts and Sciences, the organization that hosts the Oscars, and is noted for steering the organization through the #OscarsSoWhite crisis over its membership as well as the lack of diversity in its nominees and winners.
She has been named founding director of the newly established, three-campus Sidney Poitier New American Film School at Arizona State University.The HFPA has struggled to win over Hollywood publicists, studios and networks who boycotted the group following a 2021 Los Angeles Times report that exposed the group’s history of self-dealing and lack of even a single Black member.
The outcry led NBC to cancel the 2022 broadcast. The group responded by adding 21 new members (six of them Black), appointing a chief diversity officer and other reform efforts, but TheWrap.
Read more on thewrap.com
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