The Golden Globes find new home as the Hollywood Foreign Press shutters

And the Golden Globes spell to … Dick Clark Productions.

The California nonprofit announced Monday that it and plus absorption institution Eldridge acquired each the assets, rights and properties of the Golden Globes from the Hollywood Foreign Press Association.

The fiscal details of the transaction were not disclosed, but the woody volition effect successful the extremity of the HFPA and its membership.

Dick Clark Productions, which runs the Billboard Music Awards and Dick Clark's New Year's Rockin' Eve, volition present plan, big and nutrient the yearly Golden Globe Awards show. The institution has besides formed the Golden Globe Foundation, which volition proceed the HFPA's bequest of entertainment-related charitable giving.

"As stewards of the Golden Globe Awards, our ngo is to proceed creating the astir dynamic awards ceremonial connected unrecorded tv viewed crossed the world," said Jay Penske, CEO, president and laminitis of Penske Media and CEO of Dick Clark Productions. "We person a large squad successful spot to turn this iconic marque and captivate caller and existing audiences to observe the precise champion successful tv and question pictures."

The dissolvement of the HFPA and the modulation of the Golden Globes to Dick Clark Productions comes connected the heels of respective controversies surrounding the writer organization. In 2021, NBC refused to aerial the 2022 yearly amusement owed to concerns astir the deficiency of diverseness successful the group's ranks. The Golden Globes returned to NBC successful 2023.

The fallout began successful February 2021, when a Los Angeles Times exposé elaborate that nary of the 87 members of the radical were Black and called into question the credentials of galore of the LA-based journalists moving for overseas media outlets. Many were recovered to lone lend sporadically to obscure overseas outlets.

For years, galore wrong the manufacture and extracurricular it questioned wherefore definite projects and endowment received HFPA grant nominations and others did not. Often, the Golden Globes nominees differed sharply from those astatine guild grant ceremonies and the Academy Awards.

There were besides concerns astir the HFPA's signifier of accepting gifts during its voting play aft dozens of its members traveled to France to sojourn Netflix's "Emily successful Paris" acceptable and were enactment successful a five-star, $1,400-a-night edifice connected the Paramount Network's dime. The amusement subsequently received 2 Golden Globe nominations.

The adjacent Golden Globe Awards volition instrumentality spot Jan. 7, 2024.

Disclosure: Comcast owns NBCUniversal, the genitor institution of CNBC.