Golden Globes Awards Are Acquired by Todd Boehly, Penske Media

Investor Todd Boehly’s Eldridge and Dick Clark Productions, part of Jay Penske’s media empire, acquired the assets of the Golden Globe Awards from the Hollywood Foreign Press Association.

The association, which has been mired in controversy in recent years, will shut down, according to a statement Monday. Financial terms weren’t released. Funds from the transaction will be given to the newly formed Golden Globe Foundation, which will continue the association’s charitable giving.

“Today marks a significant milestone in the evolution of the Golden Globes,” Boehly, the chairman of Eldridge, said in the statement. Eldridge is also an investor ...