”Golden Globe Awards Under New Ownership: DCP and Eldridge Acquire Hollywood's Prestigious Honor”
CREDIT: @Reuters
Dick Clark Productions (DCP) and Eldridge have recently made headlines with their acquisition of the highly esteemed Golden Globes from the Hollywood Foreign Press Association (HFPA). This groundbreaking transaction will lead to the dissolution of the HFPA and the formation of a new entity called the Golden Globe Foundation.
The Golden Globe Foundation, a California nonprofit public-benefit corporation, will inherit the assets, rights, and properties of the Golden Globes, along with the resources from the HFPA. The foundation will continue the longstanding tradition of charitable giving in the entertainment industry that the HFPA has been known for.
Under this new partnership, DCP and its partners will take charge of planning, hosting, and producing the annual Golden Globe Awards show. Additionally, they will explore commercial opportunities for the Golden Globes on a global scale. The 81st Annual Golden Globe Awards, scheduled for January 7, 2024, will mark the beginning of the highly anticipated awards season in the entertainment industry.
Helen Hoehne, a key figure in the acquisition process, expressed excitement about the transition from a member-led organization to a commercial enterprise. Todd Boehly, Chairman of Eldridge, also emphasized the significance of this milestone in the evolution of the Golden Globes and commended the commitment to governance, diversity, and accountability shown by the new ownership.
Jay Penske, CEO of DCP, highlighted their mission to create a dynamic awards ceremony that captivates global audiences. With viewership in over 220 countries and territories worldwide, DCP's experience as the largest producer and proprietor of televised live event entertainment programming will be instrumental in elevating the Golden Globe Awards to new heights.
The Golden Globe Awards have been a premier entertainment award since 1944, honoring achievements in both television and film. Over the years, the licensing fees generated from the Golden Globe Awards have enabled donations of over $55 million to entertainment-related charities. These contributions have supported various initiatives, including scholarship programs, film restoration projects, and efforts to promote greater access in Hollywood for underserved communities.
As DCP and Eldridge embark on this new journey, the Golden Globe Foundation is poised to continue this legacy of philanthropy and celebrate the best in television and motion pictures. With an exceptional team at the helm, the stage is set for an unforgettable 81st Annual Golden Globe Awards, where the finest talent in the industry will be recognized and celebrated.