The Golden Globes' assets, rights and properties have been acquired from the HFPA by a partnership of Dick Clark Productions and billionaire businessman-investor Todd Boehly's Eldridge Industries, DCP said.
Proceeds from the transaction, plus the existing resources of the HFPA, will convert into the newly formed Golden Globe Foundation, which will oversee the group's philanthropic and charitable reach, according to the partnership.
"We are excited to close on this much anticipated member-approved transaction and transition from a member-led organization to a commercial enterprise," Helen Hoehne, formerly HFPA's president, said in a statement.
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