Golden Globes take a new direction after dissolution of the Hollywood Foreign Press Association

Dick Clark Productions and Eldridge Industries are the new owners of what is considered to be the "prelude to the Oscars."

Estatuilla de los Golden Globes durante una ceremonia — (Cordon Press)

Published by

Rosana Rábago Sainz

13 de junio, 2023

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The Golden Globes continue to be shrouded in controversy. Two years ago, in 2021, Los Angeles Times uncovered what would be the first of many controversies: the Hollywood Foreign Press Association (HFPA) did not have a single black member. Months later, a second scandal was uncovered: the producer of Netflix's show, "Emily in Paris," had invited voters to an impressive trip to the capital of France, which included a five-star hotel stay costing $1,400 per night and paid for, in full, by Paramount Network.

After this, the consequences began to show. Stars such as Mark Ruffalo and Tom Cruise returned their statuettes, and other celebrities ruled out attending the gala held on Jan. 9, 2022, and, finally, NBC decided not to broadcast the event live.

This was the beginning of the end for the HFPA. It looked like things were looking up this year when the gala was once again broadcast on television, but the ratings were the worst in history.

Steps had to be taken to save what is considered the "prelude to the Oscars." The Hollywood Foreign Press Association has been dissolved, and the awards show has been taken over by two private companies, Dick Clark Productions and Eldridge Industries.

Who are the new owners of the Golden Globes?

Both companies have experience in organizing awards such as the Golden Globes. Dick Clark Productions is the company behind the Billboard Music Awards and Dick Clark's New Year's Rockin' Eve, while Eldridge Industries is the company charged with managing the assets of the HFPA beginning in July 2022.

The two decided Monday to acquire the renowned gala founded by the HFPA in 1943 for an undisclosed amount. "Today marks an important milestone in the evolution of the Golden Globes," said Eldridge president Todd Boehly.

He went on to explain what will happen to the important ceremony. It will become part of the Golden Globe Foundation, a nonprofit organization that will continue the HFPA's mission: to plan, present and produce the show while funding entertainment-related charitable giving. This was explained by Penske Media president, CEO and founder and Dick Clark Productions CEO Jay Penske:

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.

The 81st edition of the Golden Globes will take place on Jan. 7, 2024, according to its new owners, who have not yet decided which television network will be in charge of broadcasting it.