Michael Schneider Variety Editor at LargeReach Michael on Twitter @franklinavenue or email mschneider@variety.comThe Hollywood Foreign Press Association drama continues, as it announced last week that it would put itself on the auction block and courting buyers to potentially become a for-profit organization.The HFPA’s interim CEO, Todd Boehly, is negotiating with the HFPA board to buy the org.
The HFPA has formed a special committee within the nonprofit organization “to determine potential outside strategic interest in its organization and assets.” The end game is “optimizing the value of the HFPA’s various assets and continue to enhance the organization’s position in the marketplace while strengthening its relationships with various stakeholders,” HFPA stated.Boehly’s Eldridge Industries owns MRC Live and Alternative (formerly Dick Clark Productions), which produces the Golden Globe Awards via a tenuous business relationship with the HFPA.“The HFPA is committed to a thorough and swift review of its potential strategic alternatives to identify a path forward that is in its best interests.
At this time, the Special Committee has not reached any conclusion, and there can be no assurance the review will result in any transaction or other strategic change or outcome,” the HFPA stated.Afyer the turmoil within the org that led to last year’s cancellation of a Golden Globes telecast on NBC, the question remains whether the show can make a comeback in 2023.Should it return?
Take this week’s poll! Click on the box below. Meanwhile, here are the results from last week’s poll. NBC is by far the winner for where you think the SAG Awards might end up.
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