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The Golden Globe Awards are on display during the unveiling of the nominations for the 80th Golden Globe Awards, Beverly Hills, Calif., December 12, 2022.

Michael Tran | AFP | Getty Images

And the Golden Globe goes to… Dick Clark Productions.

The California nonprofit announced Monday that it, along with Eldridge Asset Management, has acquired all of the assets, rights and property of the Golden Globes from the Hollywood Foreign Press Association.

The financial details of the deal were not disclosed, but the deal will result in the termination of the Hollywood Foreign Press Association and its membership.

Dick Clark Productions, which manages the Billboard Music Awards and Dick Clark’s New Year’s Rockin’ Eve, will plan, host and produce the annual Golden Globe Awards. The company also created the Golden Globe Foundation, which will continue HFPA’s legacy of entertainment-related charitable giving.

“As stewards of the Golden Globe Awards, our mission is to continue to create the most dynamic awards ceremony on live television worldwide,” said Jay Penske, CEO, Chairman and Founder of Penske Media and CEO of Dick Clark Productions. “We have a fantastic team to grow this iconic brand and attract new and existing audiences celebrating the best in television and motion pictures.”

The dissolution of the Hollywood Foreign Press Association and the transfer of the Golden Globe to Dick Clark Productions followed several controversies surrounding the press organization. In 2021, NBC declined to air the 2022 annual show due to concerns about a lack of diversity in the group’s ranks. The Golden Globes returned to NBC in 2023.

The fallout began in February 2021, When the los angeles times show It detailed that none of the group’s 87 members were black, and questioned the credentials of several Los Angeles-based journalists working for foreign media outlets. Many contributors are only sporadically found to obscure the outer ports.

For years, many in and outside the industry have wondered why some projects and talents have received HFPA Award nominations while others have not. Often, the nominees for the Golden Globe Awards differed sharply from those who attended the Guild Awards and the Academy Awards.

There were also concerns about the HFPA’s practice of accepting gifts during the voting period after dozens of its members traveled to France to visit Netflix’s Emily in Paris and were put into a $1,400-a-night five-star hotel at the Paramount. network cents. The show subsequently received two Golden Globe Award nominations.

The next Golden Globe Awards will be held on January 7, 2024.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

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