Variety parent company Penske Media is the owner of Dick Clark Productions. “We have a great team in place to grow this iconic brand and captivate new and existing audiences to celebrate the very best in television and motion pictures.” “As stewards of the Golden Globe Awards, our mission is to continue creating the most dynamic awards ceremony on live television viewed across the world,” said Jay Penske, who is CEO, chairman and founder of Penske Media, and CEO of Dick Clark Productions. “My partners at DCP and I are grateful to Helen and team for their commitment to the successful implementation of a robust approach to governance, the expansion of the diverse and international voting body, implementing a professional, safe and accountable environment, and trusting new ownership with a new direction for the Globes,” said Boehly, who is chairman of Eldridge. “We are excited to close on this much anticipated member-approved transaction and transition from a member-led organization to a commercial enterprise,” said Hoehne.īoehly, who acquired Dick Clark Productions more than a decade ago, called the transaction “a significant milestone” in the 80-year history of the Globes. Proceeds from the HFPA sale to Dick Clark Productions and Eldridge, will go to the Globes Foundation to enhance its coffers for charitable giving. Financial details of the deal were not disclosed. HFPA’s current president, Helen Hoehne, said the deal had been approved by the association’s roughly 95 full-time members.

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