The Hollywood Foreign Press Association, a group of entertainment journalists from overseas that, despite frequent missteps, built the Golden Globe Awards into a marquee event, died on Monday after a series of scandals.
was announced after California officials agreed to a complicated reorganization plan that will allow the Golden Globe Awards to continue.
Eldridge Industries, a holding company owned by the billionaire investor Todd Boehly, and Dick Clark Productions, which is part of Penske Media, agreed to buy the foreign press association’s Golden Globe assets for an undisclosed price.
The proceeds will go to a new nonprofit, the Golden Globe Foundation, which will continue the H.F.P.A.’s philanthropic efforts; it gave more than $50 million to entertainment-related charities over the last three decades.
Members of the foreign press association — primarily freelance entertainment journalists — will become employees of a yet-to-be-named for-profit entity that will try to expand the Golden Globes as a brand, according to an Eldridge spokesman.
Persons:
Eldridge, Todd Boehly, Dick Clark, —
Organizations:
Hollywood Foreign Press Association, Globe, Eldridge Industries, Dick Clark Productions, Penske Media, Golden Globe Foundation, Globes
Locations:
California