Experts On The Future Of The Golden Globe Awards After HFPA Deal: ‘They’re Done’
By Movieguide® Staff
After Golden Globe voters agreed to sell the Hollywood Foreign Press Association to interim CEO Todd Boehly in exchange for annual salaries, Hollywood’s award season could undergo some significant changes.
“This is a historic moment for the HFPA and the Golden Globes,” Helen Hoehne, president of the HFPA, said in a statement. “We have taken a decisive step forward to transform ourselves and adapt to this increasingly competitive economic landscape for both award shows and the journalism marketplace. Our Special Committee and team of legal and financial advisors did an incredible amount of work in reviewing, analyzing, and comparing the options presented to us. We are excited to move forward with a mandate to ensure we continue our support for increasing diversity in all areas and maintaining our life-changing charitable and philanthropic efforts.”
The Hollywood Foreign Press Association has shed its non-profit status and agreed to sell the Golden Globes to acting CEO Todd Boehly’s Eldridge Industries and turn the embattled organization into a private venture, the HFPA announced Thursday.
The sale’s proposal from Eldridge Industries LLC, which is founded and chaired by the billionaire Boehly, creates a private entity to manage its Golden Globes assets, according to the announcement, while its charitable and philanthropic programs will be preserved in a separate non-profit entity. The plan also shifts all rights for the Golden Globes intellectual property to the company and empowers it to oversee the professionalization and modernization of the Golden Globe Awards.
Despite the new $75,000 paychecks for the 102 voters, NBC has yet to renew the award show, and it is unclear whether talent will want to come back to a “for profit” awards show.
Entertainment attorney Jan Breslauer told TheWrap: “…[They are] playing by different rules… If you become a private corporation for profit, you’re no longer going to be showing everybody your finances every year.”
“The Golden Globes are never coming back,” one former studio head told TheWrap. “They’re done.”
Others worry that Boehly was not the right choice due to his ownership of MRC, which produces high-quality TV shows like OZARK and the Golden Globe Awards telecast.
Diederik van Hoogstraten, a freelance writer and former HFPA member, told TheWrap: “I think it’s the end of the Golden Globes and the HFPA as a serious awards entity…these organizations all have their issues, but at least they’re trying. The HFPA has totally given up on that.”
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