Dick Clark Productions and Eldridge announced this morning that they have acquired all the Golden Globes’ assets, rights, and properties from the Hollywood Foreign Press Association
. As a result, the Hollywood Foreign Press Association, and its membership, which have handed out the awards, will be winding down., Chairman of Eldridge, and Jay Penske, CEO, chairman and Founder, Penske Media, who also is CEO of DCP.With proceeds from the transaction and the existing resources of the HFPA, the new owners will launch the Golden Globe Foundation, which will carry on HPFA’s entertainment-related charitable giving.
Dick Clark Prods. said in February that the 81st annual Golden Globe Awards will be held Sunday, January 7, 2024. There is no broadcast partner yet for the event after the awards show’s most recent contract with its longtime network, NBC, came to an end. Discussions have been held with outlets including NBC.approved Eldridge Industries’ proposal
The restructure was proposed by Boehly, the Eldridge chairman and CEO who was named interim CEO of the HFPA in fall 2021 amid the organization’s restructuring after backlash over its practices and lack of diversity. Eldridge along with PMC in a joint venture own dick clark productions, which produces the Golden Globes.
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