Hollywood Foreign Press Assn. approves sale of Golden Globes assets to Todd Boehly

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Hollywood Foreign Press Assn. approves sale of Golden Globes assets to Todd Boehly
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The embattled Hollywood Foreign Press Assn. has voted to adopt Todd Boehly's plan to transform the nonprofit into a for-profit venture under his corporate umbrella Eldridge Industries.

that will effectively transform the nonprofit international journalists’ group into a for-profit venture.

Boehly, chairman of private equity firm Eldridge Industries, the parent company of longtime Globes producer Dick Clark Productions , presented his plan during an April general membership meeting. The move comes as the embattled association has been working to reform itself and get back on track with Hollywood.

Since then, the nonprofit HFPA has undertaken a series of reforms, including establishing new bylaws, banning gifts andIt has also announced a series of partnerships including with the NAACP and the World Bank.

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