The partnership creates the Golden Globe Foundation, a California nonprofit public-benefit corporation.
“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“Today marks a significant milestone in the evolution of the Golden Globes,” Eldgridge chairmansaid in a statement.
“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,”, 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.
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