HFPA seeks bidders for its assets as Todd Boehly Circles
The Hollywood Foreign Press Association goes to auction, wooing buyers from the beleaguered organization that hands out the annual Golden Globe Awards.
HFPA interim CEO Todd Boehly has sought to buy the organization and is in negotiations with the HFPA board. Following Boehly’s offer of its Eldridge Industries banner, the organization elected to initiate a process to determine what other interests might exist.
The HFPA announced on Friday that it had formed a special committee within the nonprofit “to determine potential outside strategic interest in its organization and its assets.”
“As we announced last year, the HFPA has begun a process of change and transformation by addressing issues of diversity, governance and conduct. As we continue this process, we have entered the phase of determining the best course of action regarding the fulfillment of the HFPA’s mission, including how to achieve optimal financial and business growth for the Golden Globe brand. in the future,” said Helen Hoehne. , president of the HFPA. “The board has appointed an independent committee to work with our financial and legal advisors to review proposals from any interested parties in this phase.”
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