HFPA Accused of ‘Not Equitable’ Process to Change Golden Globes Ownership by Cheryl Boone Isaacs’ Group (Exclusive)
thewrap.compotential acquisition of the Golden Globes. In the letter sent from Isaacs’ partner Yusef Jackson to HFPA president Helen Hoehne and exclusively obtained by TheWrap, the scandal-ridden organization was accused of creating a special committee to vet Pacific Coast Entertainment consisting of three advisers who have a “long-standing financial relationship” with current HFPA CEO Todd Boehly, who is making his own bid to acquire HFPA through his hedge fund, Eldridge Industries. “Ms.
Hoehne, the process feels curated to fix an outcome. To demonstrate that this Special Committee is truly independent, all members – including Mr, Boehly and the leadership team — should sign a simple pledge…asserting that they do not have any financial or pecuniary interest with any party involved in this transaction, and will not for at least two-years following any transaction,” Jackson wrote. “Further, the full membership should select the individuals who are to serve on the Special Committee and the board should select new advisors.
This step would offer a modicum of faith in the process,” he continued. Isaacs’ bid would give PCE control of the Golden Globes and its annual awards telecast while maintaining the HFPA’s status as a nonprofit organization, whereas Boehly’s bid would see the HFPA lose that status.
Read more on thewrap.com
