HFPA Will Dissolve as Golden Globes Become A For-Profit Foundation Under Dick Clark Productions Ownership

justjared.com:

The Golden Globe Awards are no longer a part of the HFPA. According to the announcement, via Entertainment Weekly, the Golden Globes have moved to Dick Clark Productions, and the Hollywood Foreign Press Association (aka HFPA) will be dissolved. Keep reading to find out more… In the press release about the shakeup, Dick Clark Productions noted that proceeds from the transaction “will transition into a newly formed Golden Globe Foundation which will continue the legacy HPFA’s history of entertainment-related charitable giving.” HFPA’s President Helen Hoehne said that they “are excited to close on this much anticipated member-approved transaction and transition from a member-led organization to a commercial enterprise.” Dick Clark Productions CEO Jay Penske added that the awards will go on.

The newly-formed foundation’s “mission is to continue creating the most dynamic awards ceremony on live television viewed across the world” as he and his team work to “grow this iconic brand and captivate new and existing audiences to celebrate the very best in television and motion pictures.” The HFPA has been embattled with unfortunate press as of late, after the controversy over their lack of diversity.