HFPA Will Dissolve as Golden Globes Become A For-Profit Foundation Under Dick Clark Productions Ownership

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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.

January 7, 2024. NBC previously hosted the Globes, but ended its relationship after scandals rocked the HFPA over a lack of diversity among its membership and questionable financing.

Dick Clark Productions and Eldridge said Monday morning that they have acquired all the Golden Globes’ assets, rights and properties from the Hollywood Foreign Press Association. As a result, the Hollywood Foreign Press Association, and its membership, which have handed out the awards, will be winding down.

Cynthia Littleton Business Editor Big changes are afoot for the Golden Globe Awards now that Dick Clark Productions and Todd Boehly’s Eldridge have acquired the assets of the nonprofit Hollywood Foreign Press Association, which will shutter as the awards franchise moves into a new era. The new owners will use the assets and the cash on hand from the HFPA to establish the Golden Globe Foundation, which will continue on the HFPA’s tradition of charitable giving. The awards show itself and related assets will now be part of the for-profit operations of Dick Clark Productions, which has long been allied with the HFPA for the awards show. The move out of the HFPA’s nonprofit status will allow the Globes to pursue many more commercial opportunities than were possible under the HFPA regime.