The Golden Globe Award changed hands

The Golden Globe Award changed hands
Photo by Ella Jardim / Unsplash

Eldridge Industries has acquired the rights to the Golden Globe Awards, which will henceforth be presented by a private organization separate from the Hollywood Foreign Press Association's charitable and philanthropic programs.
HFPA members voted to approve the transfer of ownership to Eldridge, which is run by Todd Boley, who has been the organization's interim CEO since last year.
This is a historic moment for HFPA and the Golden Globes," said Association President Helen Hen. - We have taken a decisive step forward to transform and adapt to this increasingly competitive economic landscape for both award shows and the journalism market. Our ad hoc committee and team of legal and financial advisors have done an incredible job of reviewing, analyzing and comparing the options presented to us. We are excited to move forward with a mandate to ensure that we continue our support of policies to increase diversity in all areas and continue our philanthropic and philanthropic efforts that change lives."
The new owner will create a private company with a mandate to oversee the modernization of the Golden Globe Awards. The transition will include staff development and the formation of an executive team to lead the new organization.