Embattled Hollywood Foreign Press Association Shops its Assets as Interim CEO Todd Boehly Fields Bid

“As we announced last year, the HFPA began a process of change and transformation addressing issues of diversity, governance and conduct. As we continue that process, we have moved into the phase of determining the best course of action regarding the accomplishment of the HFPA’s mission, including how to achieve the optimal financial and commercial growth for the Golden Globe brand in the future,” said Helen Hoehne, president of the HFPA. “The board of directors has appointed an independent committee to work with our financial and legal advisors to review proposals from any interested parties in such phase.”
Boehly's interest in HFPA comes in no small part because Eldridge Industries is also invested in the Golden Globe Awards through its ownership of MRC Live and Alternative (formerly Dick Clark Productions), which has had a long and occasionally fraught business partnership with the West Hollywood-based press association.
The HFPA's interim CEO, Todd Boehly, has been angling to buy the organization and is in the process of negotiating with the HFPA board. As a result of Boehly's bid from his Eldridge Industries banner, the organization opted to begin a process to determine what other interest may be out there.
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The HFPA on Friday announced that it has formed a special committee within the nonprofit organziation "to determine potential outside strategic interest in its organization and assets."
The Hollywood Foreign Press Association is putting itself on the auction block, courting buyers for the embattled organization that hands out the annual Golden Globe Awards.

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