Famously hosted by stars including Ricky Gervais and Tina Fey and Amy Poehler over the years, the Golden Globes was always the fun awards ceremony that kicked off the season in Hollywood. However, the HFPA, which organises the show, has faced controversy in recent years.
, with no TV broadcast and winners announced on social media - and many choosing not to publicly acknowledge their successes.The HFPA had vowed to overhaul its bylaws and implement changes addressing ethics and inclusion following controversy over a lack of diversity among its members.' assets, rights, and properties from the HFPA, with a statement adding saying the transaction would"result in the wind down of the HFPA and its membership".
"The proceeds from the transaction, plus the existing resources of the HFPA, will transition into a newly formed Golden Globe Foundation which will continue the legacy HFPA's history of entertainment-related charitable giving," the statement said.The annual Golden Globes ceremony will now be planned and produced by DCP and Eldridge.
"We are excited to close on this much anticipated member-approved transaction and transition from a member-led organisation to a commercial enterprise," said HFPA president Helen Hoehne. DCP chief executive Jay Penske added:"As stewards of the Golden Globe Awards, our mission is to continue creating the most dynamic awards ceremony on live television viewed across the world.
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