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Dick Clark Productions has acquired the Golden Globes, resulting in the dissolution of the nonprofit Hollywood Foreign Press Association after years of controversy.
DCP announced Monday that it and asset management company Eldridge have acquired all the assets, rights and properties of the Golden Globes from the HFPA.
The HFPA was founded in 1943 by a group of LA-based entertainment journalists. Members and non-member voters selected the Golden Globe nominees and winners.
DCP, which also puts on the Billboard Music Awards and “Dick Clark’s Rockin’ New Year’s Eve,” will now plan, host and produce the annual Golden Globe Awards show.
The transaction will result in the end of the HFPA and its membership.
The proceeds from the sale, plus the existing resources of the HFPA, will go into a newly-formed nonprofit, the Golden Globe Foundation.
“We are excited to close on this much anticipated member-approved transaction and transition from a member-led organization to a commercial enterprise,” Helen Hoehn, HFPA president, said in a release sent to The Post.
“Today marks a significant milestone in the evolution of the Golden Globes,” added Eldridge Chairman Todd Boehly. “My partners at DCP and I are grateful to Helen and team for their commitment to the successful implementation of a robust approach to governance, the expansion of the diverse and international voting body, implementing a professional, safe and accountable environment, and trusting new ownership with a new direction for the Globes.
