The Hollywood Foreign Press Association has announced it will become a private, for-profit company, with its charitable and philanthropic programs managed in a separate non-profit entity.
Overseeing the for-profit HFPA is Eldridge Industries, a global firm with investments in insurance, asset management, technology, sports, media, real estate, and the consumer sector. Its founder and chairman is Todd L. Boehly, who currently serves as the HFPA’s interim chief executive officer. The HFPA membership voted on the proposal to approve the deal.
Eldridge will oversee the creation of a new private company that will acquire all Golden Globes intellectual property rights and will “be empowered to oversee the professionalization and modernization of the Golden Globe Awards.” A release announcing the move noted that “Boehly was not part of the review, recommendation, or approval process.”
The release promised that the transition will include the development of staff and an executive team, with...
Overseeing the for-profit HFPA is Eldridge Industries, a global firm with investments in insurance, asset management, technology, sports, media, real estate, and the consumer sector. Its founder and chairman is Todd L. Boehly, who currently serves as the HFPA’s interim chief executive officer. The HFPA membership voted on the proposal to approve the deal.
Eldridge will oversee the creation of a new private company that will acquire all Golden Globes intellectual property rights and will “be empowered to oversee the professionalization and modernization of the Golden Globe Awards.” A release announcing the move noted that “Boehly was not part of the review, recommendation, or approval process.”
The release promised that the transition will include the development of staff and an executive team, with...
- 7/28/2022
- by Dana Harris-Bridson
- Indiewire
In a vote by its membership, the Hollywood Foreign Press Association on Thursday approved Eldridge Industries LLC’s proposal to create a new private entity to manage its Golden Globes assets and preserve its charitable and philanthropic programs in a separate, non-profit entity.
The plan involves the creation of a new private company, which would acquire all rights for the Golden Globes intellectual property and be empowered to oversee the professionalization and modernization of the Golden Globe Awards.
The transition will include the development of staff and an executive team to lead the new organization. Additional Golden Globes voters will also be added to increase the size and diversity of the available voters for the annual awards.
The vote comes after the proposals for the changes were made in April by Todd Boehly, the Eldridge chairman and CEO who was named interim CEO of the HFPA last fall; he had...
The plan involves the creation of a new private company, which would acquire all rights for the Golden Globes intellectual property and be empowered to oversee the professionalization and modernization of the Golden Globe Awards.
The transition will include the development of staff and an executive team to lead the new organization. Additional Golden Globes voters will also be added to increase the size and diversity of the available voters for the annual awards.
The vote comes after the proposals for the changes were made in April by Todd Boehly, the Eldridge chairman and CEO who was named interim CEO of the HFPA last fall; he had...
- 7/28/2022
- by Anthony D'Alessandro
- Deadline Film + TV
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The members of the Hollywood Foreign Press Association, mired in controversy for the past year and a half over diversity and ethics concerns, have agreed to a new venture with Todd Boehly’s Eldridge Industries LLC to establish the HFPA as a for-profit organization that would run the Golden Globes and spin off its charitable efforts into a non-profit group.
The deal will result in the development of staff and an executive team, according to a statement issued by the HFPA on Thursday. Additional Golden Globes voters will also be added to increase the size and diversity of the available voters for the annual awards. (The statement does not indicate whether the new voters will receive full membership status and privileges.)
A source familiar with the deal said it includes a 75,000 annual salary for every HFPA member for five years. HFPA declined to...
The members of the Hollywood Foreign Press Association, mired in controversy for the past year and a half over diversity and ethics concerns, have agreed to a new venture with Todd Boehly’s Eldridge Industries LLC to establish the HFPA as a for-profit organization that would run the Golden Globes and spin off its charitable efforts into a non-profit group.
The deal will result in the development of staff and an executive team, according to a statement issued by the HFPA on Thursday. Additional Golden Globes voters will also be added to increase the size and diversity of the available voters for the annual awards. (The statement does not indicate whether the new voters will receive full membership status and privileges.)
A source familiar with the deal said it includes a 75,000 annual salary for every HFPA member for five years. HFPA declined to...
- 7/28/2022
- by Scott Feinberg
- The Hollywood Reporter - Movie News
The Hollywood Foreign Press Association has shed its non-profit status and agreed to sell the Golden Globes to acting CEO Todd Boehly’s Eldridge Industries and turn the embattled organization into a private venture, the HFPA announced Thursday.
The sale’s proposal from Eldridge Industries LLC, which is founded and chaired by the billionaire Boehly, creates a private entity to manage its Golden Globes assets, according to the announcement, while its charitable and philanthropic programs will be preserved in a separate non-profit entity. The plan also shifts all rights for the Golden Globes intellectual property to the company and empowers it to oversee the professionalization and modernization of the Golden Globe Awards.
TheWrap last November reported exclusively of Boehly’s intention to make the Globes a for-profit organization, though the plan was denied at the time.
Terms of the vote were not disclosed, but a source told TheWrap that 76 members...
The sale’s proposal from Eldridge Industries LLC, which is founded and chaired by the billionaire Boehly, creates a private entity to manage its Golden Globes assets, according to the announcement, while its charitable and philanthropic programs will be preserved in a separate non-profit entity. The plan also shifts all rights for the Golden Globes intellectual property to the company and empowers it to oversee the professionalization and modernization of the Golden Globe Awards.
TheWrap last November reported exclusively of Boehly’s intention to make the Globes a for-profit organization, though the plan was denied at the time.
Terms of the vote were not disclosed, but a source told TheWrap that 76 members...
- 7/28/2022
- by Brian Welk
- The Wrap
Eldridge Industries is taking over the Golden Globe Awards, which will be turned into a private entity separate from the Hollywood Foreign Press Association’s charitable and philanthropic programs, which will be managed as a non-profit entity.
The HFPA membership voted to approve the transfer of ownership to Eldridge, which is run by Todd Boehly, who has served as the org’s interim CEO since last year. The HFPA put itself on the auction block in May, and Boehly had been looking to buy the organization since then. This spring, the group formed a special committee within the nonprofit organization to determine potential outside strategic interest in its organization and assets.
“This is a historic moment for the HFPA and the Golden Globes,” said HFPA president Helen Hoehne. “We have taken a decisive step forward to transform ourselves and adapt to this increasingly competitive economic landscape for both award shows and the journalism marketplace.
The HFPA membership voted to approve the transfer of ownership to Eldridge, which is run by Todd Boehly, who has served as the org’s interim CEO since last year. The HFPA put itself on the auction block in May, and Boehly had been looking to buy the organization since then. This spring, the group formed a special committee within the nonprofit organization to determine potential outside strategic interest in its organization and assets.
“This is a historic moment for the HFPA and the Golden Globes,” said HFPA president Helen Hoehne. “We have taken a decisive step forward to transform ourselves and adapt to this increasingly competitive economic landscape for both award shows and the journalism marketplace.
- 7/28/2022
- by Michael Schneider
- Variety Film + TV
The Hollywood Foreign Press Association on Friday moved closer to shedding its nonprofit status, announcing that its leadership had negotiated a term sheet to sell the Golden Globes to acting CEO Todd Boehly’s Eldridge Industries and turn the embattled organization into a for-profit venture that he would run.
The financial terms of the Eldridge proposal were not disclosed, and the organization noted that at least one other entity has expressed interest in making an alternate proposal for the HFPA’s future — a reference to a proposed partnership with former AMPAS President Cheryl Boone Isaacs and her Pacific Coast Entertainment to improve the “tarnished” image of the HFPA.
The HFPA on Friday also announced that Boehly’s proposal and any alternatives would be reviewed by a special committee make up of producer Sharlette Hambrick, veteran nonprofit executive Jeff Harris and C-level communications marketing executive Joanna Massey — who were all named...
The financial terms of the Eldridge proposal were not disclosed, and the organization noted that at least one other entity has expressed interest in making an alternate proposal for the HFPA’s future — a reference to a proposed partnership with former AMPAS President Cheryl Boone Isaacs and her Pacific Coast Entertainment to improve the “tarnished” image of the HFPA.
The HFPA on Friday also announced that Boehly’s proposal and any alternatives would be reviewed by a special committee make up of producer Sharlette Hambrick, veteran nonprofit executive Jeff Harris and C-level communications marketing executive Joanna Massey — who were all named...
- 5/13/2022
- by Thom Geier
- The Wrap
Eldridge Industries boss Todd Boehly may own the Premier League’s Chelsea now, but the Golden Globes continues to elude the HFPA interim CEO, for now.
A month after Boehly put forth a proposal to buy up the currently network shuttered award show, jack up the scandal soaked Hollywood Foreign Press Association’s membership, and shut down its non-profit status, the Helen Hoehne-led group is now opening the door on “how to achieve the optimal financial and commercial growth for the Golden Globe® brand in the future” and “to review proposals from any interested parties.” – read the full HFPA statement below.
A shiv laced plan that leaves billionaire and dick clark production proprietor Boehly out in the cold figuratively in terms of “the review, recommendation or approval process with respect to these proposals” thanks to the creation of an independent board member “Special Committee.” In that context and with...
A month after Boehly put forth a proposal to buy up the currently network shuttered award show, jack up the scandal soaked Hollywood Foreign Press Association’s membership, and shut down its non-profit status, the Helen Hoehne-led group is now opening the door on “how to achieve the optimal financial and commercial growth for the Golden Globe® brand in the future” and “to review proposals from any interested parties.” – read the full HFPA statement below.
A shiv laced plan that leaves billionaire and dick clark production proprietor Boehly out in the cold figuratively in terms of “the review, recommendation or approval process with respect to these proposals” thanks to the creation of an independent board member “Special Committee.” In that context and with...
- 5/13/2022
- by Dominic Patten
- Deadline Film + TV
Embattled Hollywood Foreign Press Association Shops Its Assets as Interim CEO Todd Boehly Fields Bid
The Hollywood Foreign Press Association is putting itself on the auction block, courting buyers for the embattled organization that hands out the annual Golden Globe Awards.
The HFPA’s interim CEO, Todd Boehly, has been angling to buy the organization and is in the process of negotiating with the HFPA board. As a result of Boehly’s bid from his Eldridge Industries banner, the organization opted to begin a process to determine what other interest may be out there.
The HFPA on Friday announced that it has formed a special committee within the nonprofit organization “to determine potential outside strategic interest in its organization and assets.” The end game is “optimizing the value of the HFPA’s various assets and continue to enhance the organization’s position in the marketplace while strengthening its relationships with various stakeholders,” HFPA stated.
Boehly’s interest in HFPA comes in no small part because...
The HFPA’s interim CEO, Todd Boehly, has been angling to buy the organization and is in the process of negotiating with the HFPA board. As a result of Boehly’s bid from his Eldridge Industries banner, the organization opted to begin a process to determine what other interest may be out there.
The HFPA on Friday announced that it has formed a special committee within the nonprofit organization “to determine potential outside strategic interest in its organization and assets.” The end game is “optimizing the value of the HFPA’s various assets and continue to enhance the organization’s position in the marketplace while strengthening its relationships with various stakeholders,” HFPA stated.
Boehly’s interest in HFPA comes in no small part because...
- 5/13/2022
- by Cynthia Littleton
- Variety Film + TV
Back on February 25, 2021, under pressure from NBC, which broadcasts the annual Golden Globes show — plus a consortium of publicists and Amazon, Netflix, and Warner Media, which refused to supply talent for interviews until long overdue reforms were made — the beleaguered Hollywood Foreign Press Association vowed major change. It stated that it was “fully committed to ensuring our membership is reflective of the communities around the world who love film, TV, and the artists inspiring and educating them.” Under fire for not including one Black journalist, the organization promised to immediately implement an action plan to “bring in Black members, as well as members from other underrepresented backgrounds.”
NBC eventually canceled the Golden Globes show for 2022 to allow the HFPA time to institute a long list of reforms, which started back in April, even as some of its members protested the changes. That’s because all members had to reapply for...
NBC eventually canceled the Golden Globes show for 2022 to allow the HFPA time to institute a long list of reforms, which started back in April, even as some of its members protested the changes. That’s because all members had to reapply for...
- 10/1/2021
- by Anne Thompson
- Thompson on Hollywood
Back on February 25, 2021, under pressure from NBC, which broadcasts the annual Golden Globes show — plus a consortium of publicists and Amazon, Netflix, and Warner Media, which refused to supply talent for interviews until long overdue reforms were made — the beleaguered Hollywood Foreign Press Association vowed major change. It stated that it was “fully committed to ensuring our membership is reflective of the communities around the world who love film, TV, and the artists inspiring and educating them.” Under fire for not including one Black journalist, the organization promised to immediately implement an action plan to “bring in Black members, as well as members from other underrepresented backgrounds.”
NBC eventually canceled the Golden Globes show for 2022 to allow the HFPA time to institute a long list of reforms, which started back in April, even as some of its members protested the changes. That’s because all members had to reapply for...
NBC eventually canceled the Golden Globes show for 2022 to allow the HFPA time to institute a long list of reforms, which started back in April, even as some of its members protested the changes. That’s because all members had to reapply for...
- 10/1/2021
- by Anne Thompson
- Indiewire
The Hollywood Foreign Press Association has announced the latest step in its ongoing reform efforts, tapping five outside journalists to join its credentials committee, who will be tasked with helping to screen and select new members.
The HFPA notes that a third of its board is now made up of members of color, and is two-thirds female.
Joining the nine-member credentials committee are Tre’Vell Anderson, Terry Anzur, Bel Hernandez, Toni Moston and Dr. Allissa Richardson. Also on the Committee are current HFPA members Barbaros Tapan, Alessandra Venezia, Michele Manelis and HFPA president Helen Hoehne. The committee is expected to announce the HFPA’s new members by Friday.
The credentials committee is now at work reviewing the journalists who have applied to become HFPA members.
“We are so grateful that these five highly respected journalism professionals — each with diverse backgrounds and extensive experience in their fields — are devoting their time and...
The HFPA notes that a third of its board is now made up of members of color, and is two-thirds female.
Joining the nine-member credentials committee are Tre’Vell Anderson, Terry Anzur, Bel Hernandez, Toni Moston and Dr. Allissa Richardson. Also on the Committee are current HFPA members Barbaros Tapan, Alessandra Venezia, Michele Manelis and HFPA president Helen Hoehne. The committee is expected to announce the HFPA’s new members by Friday.
The credentials committee is now at work reviewing the journalists who have applied to become HFPA members.
“We are so grateful that these five highly respected journalism professionals — each with diverse backgrounds and extensive experience in their fields — are devoting their time and...
- 9/27/2021
- by Michael Schneider
- Variety Film + TV
The embattled Hollywood Foreign Press Association has added five new people to its nine-member Credentials Committee. The group helps select new members, a key element in the Golden Globes organization’s efforts to address an admitted lack of diversity among the once-insular group.
The new committee members are Tre’Vell Anderson, Terry Anzur, Bel Hernandez, Toni Moston and Dr. Allissa Richardson. Michele Manelis, Barbaros Tapan and Alessandra Venezia were added in August. The HFPA said in its announcement today that “a class of new members to be announced within the week.”
The Credentials Committee is tasked with vetting applicants for membership according to new guidelines adopted in August. Those guidelines no longer limit membership to print journalism. They also open the pool of applicants to any journalist living and working in the U.S. Prospective members must submit eight pieces of work from the past two years. There is no longer...
The new committee members are Tre’Vell Anderson, Terry Anzur, Bel Hernandez, Toni Moston and Dr. Allissa Richardson. Michele Manelis, Barbaros Tapan and Alessandra Venezia were added in August. The HFPA said in its announcement today that “a class of new members to be announced within the week.”
The Credentials Committee is tasked with vetting applicants for membership according to new guidelines adopted in August. Those guidelines no longer limit membership to print journalism. They also open the pool of applicants to any journalist living and working in the U.S. Prospective members must submit eight pieces of work from the past two years. There is no longer...
- 9/27/2021
- by Tom Tapp and Erik Pedersen
- Deadline Film + TV
The Hollywood Foreign Press Association has appointed Joanna Dodd Massey, Sharlette Hambrick and Jeff Harris as external members of its board of directors.
The new members will be responsible for overseeing the ongoing reform plan to restructure the organization that awards the Golden Globes, along with increasing accountability, ethics and greater inclusion of the diversity of world journalism.
“This inclusion of these experienced professionals from outside the HFPA completes one of the most important commitments the members made earlier this year to open up and listen to other points of view and input,” said Helen Hoehne, the association’s recently-named president.
Harris, a non-profit executive, is in charge of Jb Harris Consulting which was founded to support organizations bringing programs and resources to Bipoc communities. Hambrick, an entertainment industry executive, is the CEO of Y-Tulip Productions with previous roles including being a producer at Entertainment Tonight. Dodd Massey, a C-level communications marketing executive,...
The new members will be responsible for overseeing the ongoing reform plan to restructure the organization that awards the Golden Globes, along with increasing accountability, ethics and greater inclusion of the diversity of world journalism.
“This inclusion of these experienced professionals from outside the HFPA completes one of the most important commitments the members made earlier this year to open up and listen to other points of view and input,” said Helen Hoehne, the association’s recently-named president.
Harris, a non-profit executive, is in charge of Jb Harris Consulting which was founded to support organizations bringing programs and resources to Bipoc communities. Hambrick, an entertainment industry executive, is the CEO of Y-Tulip Productions with previous roles including being a producer at Entertainment Tonight. Dodd Massey, a C-level communications marketing executive,...
- 9/14/2021
- by Jennifer Yuma
- Variety Film + TV
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