US Film Awards Private Investor Takes Over Golden Globes

US Film Awards: Private Investor Takes Over Golden Globes |

Status: 06/13/2023 11:09 am

A private company will host the Golden Globes in the future. The new organizers promise to modernize the event. The Globes have been heavily criticized in recent years.

The acclaimed Golden Globe is in new hands. The previous organizer, the Hollywood Foreign Press Association (HFPA), sold its rights to investment firm Eldridge Industries and its subsidiary Dick Clark Productions, the journalists’ association announced.

At the same time, the association announced its dissolution. This brings to an end the association’s 80-year history of Hollywood-based journalists reporting primarily for foreign media. In its place will be a new foundation, the Golden Globe Foundation, designed to continue the HFPA’s philanthropic work with charitable donations. The association had already decided on the new model last July.

Especially in the 2000s, criticism of the HFPA, which had nearly 100 members, increased. She was accused of lack of diversity, sexism and non-transparent admission and award criteria. Last year, the NBC broadcaster even canceled the traditional TV broadcast.

Also TV and series prices

Unlike the “Oscar” awards, the Golden Globes also honor TV shows and series whose importance has increased significantly in recent years. The Golden Globe nominations were increasingly seen as a harbinger of the Academy of Motion Picture Arts and Sciences’ even more important Academy Awards.

The great attention given to the film and television prize and its increasing commercialization with sales in the millions had already led the journalists’ association, which is considered a not-for-profit organization, to implement several reforms.

In the future, prizes will be awarded by a private, for-profit organization. Above all, the new manufacturers promise to modernize and professionalize processes. Jay Penske, CEO of Dick Clark Productions, said the company will continue to present the “most dynamic awards ceremony” live to viewers around the world. The 81st Golden Globes ceremony is scheduled for January 7, 2024.