Todd Boehly Helen Hoehne Hollywood awards CEO Todd Boehly Helen Hoehne

Embattled Hollywood Foreign Press Association Shops its Assets as Interim CEO Todd Boehly Fields Bid

Reading now: 635

Cynthia Littleton Business EditorThe Hollywood Foreign Press Association is putting itself on the auction block, courting buyers for the embattled organization that hands out the annual Golden Globe Awards.The HFPA’s interim CEO, Todd Boehly, has been angling to buy the organization and is in the process of negotiating with the HFPA board.

As a result of Boehly’s bid from his Eldridge Industries banner, the organization opted to begin a process to determine what other interest may be out there.The HFPA on Friday announced that it has formed a special committee within the nonprofit organziation “to determine potential outside strategic interest in its organization and assets.”Boehly’s interest in HFPA comes in no small part because Eldridge Industries is also invested in the Golden Globe Awards through its ownership of MRC Live and Alternative (formerly Dick Clark Productions), which has had a long and occasionally fraught business partnership with the West Hollywood-based press association. “As we announced last year, the HFPA began a process of change and transformation addressing issues of diversity, governance and conduct.

As we continue that process, we have moved into the phase of determining the best course of action regarding the accomplishment of the HFPA’s mission, including how to achieve the optimal financial and commercial growth for the Golden Globe brand in the future,” said Helen Hoehne, president of the HFPA.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News