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June 12, 2023
Dick Clark Productions and Eldridge have acquired all the Golden Globes’ assets, rights and properties from the Hollywood Foreign Press Association (HFPA).
The transaction will result in the “winddown of the HFPA and its membership,” according to a press release. The proceeds from the transaction, plus the existing resources of the HFPA, will transition into a newly formed Golden Globe Foundation.
As part of the transaction, DCP and its partners will plan, host and produce the annual Golden Globe Awards show and “will pursue commercial opportunities for the Golden Globes across the globe,” according to a press release.
The 81st Annual Golden Globe Awards will take place on Jan. 7, 2024.
“We are excited to close on this much anticipated member-approved transaction and transition from a member-led organization to a commercial enterprise,” said Helen Hoehne.
Eldridge Industries is a holding company owned by the billionaire investor Todd Boehly and Dick Clark Productions is part of Penske Media, which also owns The Hollywood Reporter, Variety, Deadline, Rolling Stone, Billboard and other publications and digital content sites.
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“Today marks a significant milestone in the evolution of the Golden Globes,” said Todd Boehly, chairman of Eldridge. “My partners at DCP and I are grateful to Helen and team for their commitment to the successful implementation of a robust approach to governance, the expansion of the diverse and international voting body, implementing a professional, safe, and accountable environment, and trusting new ownership with a new direction for the Globes.”
“As stewards of the Golden Globe Awards, our mission is to continue creating the most dynamic awards ceremony on live television viewed across the world,” said Jay Penske, CEO, chairman and founder, Penske Media, and CEO of DCP. “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.”
The Golden Globe Awards, viewed in more than 220 countries and territories worldwide, will be controlled by DCP.