Former Golden Globes owners sue Penske Media alleging fraud in acquisition of awards show
Summary
The Hollywood Foreign Press Association (HFPA), which founded the Golden Globe Awards, is suing Penske Media Corporation and others for fraud related to the 2023 acquisition of the awards show. The lawsuit claims Penske and its partners tricked the HFPA into selling the Globes by secretly pushing a boycott that lowered its value and misled the HFPA leadership.Key Facts
- The HFPA sued Penske Media and others in federal court in California over the Golden Globes acquisition.
- The lawsuit alleges a secret plan to devalue the Globes and create a monopoly in entertainment media.
- Penske Media’s owner, Jay Penske, is accused of working with Eldridge Industries and CEO Todd Boehly to pressure the HFPA.
- Boehly and Eldridge allegedly hid Penske’s involvement in the deal from the HFPA board.
- HFPA members say they were promised lifetime tickets and voting rights, but Penske set impossible conditions.
- Penske owns major entertainment publications and awards shows, including Variety and the American Music Awards.
- The lawsuit says the boycott against the Globes was secretly started by Boehly and Penske to lower its value.
- The Golden Globes now air on CBS after the 2023 acquisition and restructuring.
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