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Golden Globe Awards Were Sold - Hollywood Foreign Press Association Shuts Down

Golden Globe Awards were sold by the Hollywood Foreign Press Association (HFPA), which is made up of entertainment writers and is in charge of voting. The rights, assets, and properties of the awards show were bought by Dick Clark Productions and Eldridge. This means that the HFPA will no longer exist, and the Golden Globe Foundation will take its place.

William Willis
Jun 14, 202355940 Shares745862 Views
Golden Globe Awards were soldby the Hollywood Foreign Press Association (HFPA), which is made up of entertainment writers and is in charge of voting. The rights, assets, and properties of the awards show were bought by Dick Clark Productions and Eldridge. This means that the HFPA will no longer exist, and the Golden Globe Foundation will take its place.
The money from the deal and the HFPA's current funds will be used to create the Golden Globe Foundation, which will be in charge of the group's charitable and philanthropic work, according to the partnership.

Golden Globe Awards Were Sold

Golden Globes sold, Hollywood Foreign Press shut down

The Golden Globes have been sold, and the group that gives them out, the Hollywood Foreign Press Association (HFPA), has shut down. Todd Boehly's Eldridge Industries and Dick Clark Productions have decided to buy the Golden Globes. No one agreed on the price. The Golden Globes honor the best in both movies and TV.
After a backlash in Hollywood over its ethics and lack of diversity, which led U.S. TV network NBC to drop the Golden Globes ceremony in 2022, the HFPA had to work hard to fix its image.
This year, in January, the event took place. The Fabelmans won for best drama film, and The Banshees of Inisherin won for best comedy film. On TV, the best thriller was House of the Dragon, and the best comedy was Abbott Elementary. Jerrod Carmichael was in charge of the event in 2023.
Now, the awards show will be put on by Dick Clark Productions, which is the biggest live event entertainment company in the world. It puts on popular shows like the Times Square New Year's Eve celebration. Jay Penske, CEO, Chairman, and Founder of Penske Media and CEO of DCP, said:
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. 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.- Jay Penske
The Golden Globe Awards is an annual awards ceremony that honors outstanding achievements in the field of television and film. Considered one of the most prestigious awards in the entertainment industry, the Golden Globe Awards are presented by the Hollywood Foreign Press Association (HFPA).
The HFPA, consisting of international journalists and photographers who report on the entertainment industry, votes to determine the winners in various categories, including Best Motion Picture, Best Television Series, and Best Performance by an Actor or Actress. The awards recognize excellence in both domestic and foreign productions.
The Golden Globe Awards ceremony is typically held in January and is known for its star-studded red carpet, where celebrities from both film and television come together to celebrate and honor their peers. The event is broadcasted live on television, attracting a global audience.
In addition to the awards for television and film, the Golden Globe Awards also bestow honorary awards, such as the Cecil B. DeMille Award, which recognizes individuals for their outstanding contributions to the world of entertainment.

Conclusion

The Golden Globe Awards were sold to a new owner on Monday. The new owner will shut down the Hollywood Foreign Press Association (HFPA), the voting group that was in the news for unethical behavior and not having enough people from different backgrounds.
A press statement said that Eldridge Industries bought the Golden Globe assets from Dick Clark Productions (DCP). DCP will continue to run the awards show and work to get more people around the world to watch the Globes. Eldridge and Penske Media both own DCP.
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