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The troubled Golden Globe Awards are in for an enormous shake-up after being offered to an funding firm with a billionaire proprietor.
In radical modifications deliberate underneath the brand new possession, the voting group behind the 80-year-old awards that confronted controversy over moral lapses and an absence of range, the Hollywood Overseas Press Affiliation, shall be shut down.
The dramatic shift comes after Eldridge Industries, a holding firm owned by billionaire investor Todd Boehly, and Dick Clark Productions, which is a part of Penske Media, agreed to purchase the Golden Globes’ property for an undisclosed value.
“At the moment marks a big milestone within the evolution of the Golden Globes,” Mr Boehly stated in a press release on Tuesday (AEST).
The corporate will proceed to handle the awards telecast and give attention to increasing the Globes’ viewership all over the world, a press launch stated. DCP is co-owned by Eldridge and Penske Media.
In recent times, the HFPA has struggled to restore its repute after a Hollywood backlash over its ethics and lack of range, which led US tv community NBC to drop the Golden Globes ceremony in 2022.
In 2021, a Los Angeles Instances investigation revealed the organisation had no black journalists in its ranks. Some members have been accused of creating sexist and racist remarks and soliciting favours from celebrities and film studios.
Three-time winner Tom Cruise returned his trophies in protest, and studios and publicists threatened to boycott the group. Netflix, actor Scarlett Johansson and others led requires the business to refuse to work with the HFPA till it turned extra various.
In October 2021, the HFPA responded by increasing and diversifying its membership and instituted new ethics insurance policies. It added 21 new members, together with six who have been black, six Latinos, 5 Asians and 4 of Center Japanese/North African heritage.
The 2022 pandemic-era Globes went forward with out an viewers or nominees in attendance.
Mr Boehly is an American businessman, philanthropist and investor, who holds minority pursuits within the Los Angeles Dodgers and the Lakers. Final 12 months, he purchased English Premier League membership Chelsea from sanctioned Russian oligarch Roman Abramovich.
In late 2021, Mr Boehly additionally purchased a stake in Bruce Springsteen’s music catalogue for $US550 million ($783 million).
He goals to reshape the HFPA, a nonprofit organisation of worldwide leisure reporters, into employed employees in a for-profit enterprise. All the 310 present voters shall be eligible to forged ballots for the subsequent ceremony in January 2024, a spokesperson stated.
“We’re excited to shut on this a lot anticipated member-approved transaction and transition from a member-led organisation to a industrial enterprise,” HFPA president Helen Hoehne stated.
NBC aired the Globes once more in 2023. No community has but signed as much as run the 2024 ceremony.
Monetary phrases of the deal, which was accredited by California’s attorney-general, weren’t disclosed.
-with AAP