Eldridge Industries boss Todd Boyle may now own Premier League Chelsea, but the Golden Globes continue to be HFPA’s interim CEO for now.
A month after Boehly filed the proposal, resulting in the now-closed awards show, scandal-ridden Hollywood Foreign Press Association membership, and the cessation of its nonprofit status, the group led by Helen Hohn now opens its doors. “How to Achieve Optimal Financial and Business Growth for the Golden Globe® Brand in the Future” and “Consider Any Interested Proposals”. – Read the full HFPA statement below.
The unambiguous plan that Bohl leaves to billionaire and production owner Dick Clark for the “process of reviewing, recommending or approving these proposals” by creating a “special committee” of independent consultants. In this context, and with Boehly’s offer of April 14, the HFPA signed a term with Eldridge that “allows the HFPA to solicit other offers and consider alternative transactions”.
“At least one other entity has already expressed an interest in submitting a proposal,” the HFPA added, without elaborating on who the unit might actually be.
Against the backdrop of outrage from Plateau and Stores, NBC brought the world of 2022 in May 2021 the focus of a fierce focus on the lack of black HFPA members and Griffith’s legacy, along with other secret group secrets. . However, as the months went by, several streamers and others quickly forgot earlier this year that they were boycotting the Golden Globes and advertising the win with their shows and talents after a non-TV show distributed their Bibles. in January.
As the future of the carousel remains uncertain, despite last year’s reform effort by the HFPA, I understand that NBC is clearly not another element of the game. Indeed, the network appears to have no interest in involving HFPA in domestic politics. Under the stalled deal, NBC-owned Comcast was paying about $ 60 million annually, often for the right to broadcast worldwide.
On the other hand, there is some belief that today’s move is a case of HFPA and Shadowboxing Boehly. “They want to look like they made an effort, but this is a stunt and it’s all going to end with Todd, I bet,” a senior agency source told Deadline this afternoon.
We see.
In the meantime, read this afternoon’s full HFPA statement here:
Continuing the ongoing transformation process, the Hollywood Foreign Press Association (“HFPA”) has announced the launch of a formal review to identify potential outside strategic interests in its organization and resources. Any proposals are evaluated by a specific committee made up entirely of independent members of the Board of Directors, assisted by financial and legal consultants.
As announced last year, the HFPA has embarked on a process of change and transformation that addresses issues of diversity, governance and behavior. “As we continue with this process, we have entered the stage of defining the best action to accomplish the HFPA’s mission, including how to achieve optimal financial and business growth for the Golden Globe® brand in the future,” said Helen. Hohne, president of the HFPA. “The board of directors has appointed an independent committee that will work with our financial and legal advisors to evaluate any proposals from interested parties at this stage.
The HFPA has launched a review of potential strategic alternatives to journalism in response to significantly changing market conditions and recent polls on potential partnership opportunities to use its attractive assets in a post-pandemic environment. Its special committee will evaluate potential strategic options for maximizing the value of HFPA’s various assets and will continue to strengthen the organization’s position in the market while strengthening its relationships with various stakeholders.
As part of this review, HFPA partnered with Eldridge Industries LLC (“Eldridge”), a global company that invests in a variety of industries, including insurance, wealth management, technology, sports, media, real estate and consumers. Sector. Eldridge was founded and is chaired by Todd L. Boel, who is currently the Executive Director of the HFPA. The timeline allows the HFPA to request other offers and consider alternative transactions. At least one other party has already expressed interest in implementing the proposal.
The Special Committee is composed exclusively of three independent external members of the Board: Charlotte Hembrick, Jeff Harris and Dr. Joanna Massey. This special committee will consider various strategic alternatives and evaluate any proposals from interested parties with the assistance of Houlihan Lokey, Inc. and its legal advisers. Boehly will not be part of the process of reviewing, recommending or approving these proposals.
“The decision to establish a special independent committee to work with financial and legal advisors will follow our previously stated commitment to good governance practices and transparency in our actions,” added Hoen.
HFPA is committed to thoroughly and timely considering your potential strategic alternatives to identify the best path for you. To date, the Special Committee has not reached any conclusions and there can be no assurance that the review will lead to any compromise or other strategic change or outcome.
HFPA continues to strive to continue the process of change and transformation to address diversity, governance and behavioral issues, whether it is an agreement or other strategic change or outcome. The HFPA does not intend to comment further until it has determined that further disclosure is appropriate or necessary.
Disclosure: Deadline’s parent company, PMC, has a partnership with Boehly, which chairs MRC PMRC, a group that owns Billboard, Vibe and the Hollywood Reporter.
Source: Deadline
