Dick Clark Productions (DCP) 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 wind-down of the HFPA and its membership. The proceeds from the transaction, plus the existing resources of the HFPA, will transition into a newly-formed Golden Globe Foundation that will continue the HFPA’s legacy of entertainment-related charitable giving.
As part of the transaction, DCP and its partners will plan, host and produce the annual Golden Globe Awards show and pursue commercial opportunities for the Golden Globes across the globe. The 81st Annual Golden Globe Awards is set to take place on Sunday, 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 former HFPA president Helen Hoehne.
“Today marks a significant milestone in the evolution of the Golden Globes,” Eldgridge chairman Todd Boehly said in a statement. “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,” Jay Penske, CEO/chairman/founder of Penske Media and CEO of DCP, said in a statement. “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 will be controlled by DCP, the world’s largest producer and proprietor of televised live event entertainment programming.
A premier entertainment award since 1944, the annual Golden Globes honors achievements in both television and film. Over the last three decades, licensing fees from the ceremony have enabled donations of more than $55 million to entertainment-related charities including scholarship programs, film restoration projects and humanitarian efforts. This funding has also supported diverse programs in partnership with advocacy groups aimed at promoting greater access in Hollywood for underserved communities.
Penske Media Corporation, Billboard‘s parent company, is a part-owner of dick clark productions and has a partnership with Eldridge.