In a major development, the Golden Globe Awards have been sold to a new owner, Eldridge Industries, which plans to shut down the controversial Hollywood Foreign Press Association (HFPA).
This development marks a significant milestone in the evolution of the Golden Globes, as Eldridge Industries seeks to reshape the future of the awards and address the concerns surrounding the HFPA.
The HFPA, known for its voting group comprising international entertainment reporters, has faced criticism over ethical lapses and a lack of diversity. As part of the deal, Eldridge Industries acquired the Golden Globe assets alongside Dick Clark Productions (DCP), which will continue to manage the awards telecast and focus on expanding viewership worldwide.
The sale comes after the HFPA's reputation took a hit, leading to the Golden Globes ceremony being dropped by NBC in 2022. The organization has since made efforts to address its diversity issues and implement new ethics policies. Eldridge Industries aims to transform the HFPA into a for-profit venture, and all 310 current voters will remain eligible to cast ballots for the next ceremony in January 2024.
The financial terms of the deal have not been disclosed, and it remains uncertain which network will air the 2024 Golden Globe Awards.