HFPA approved a major restructuring, under which interim CEO Todd Boehly will establish a for-profit entity via his holding company Eldridge Industries (owner of ceremony producer Dick Clark Productions, as well as the entertainment trade publication The Hollywood Reporter) that will hold the Golden Globe Awards' intellectual property and oversee the "professionalization and modernization" of the ceremony, including "[increasing] the size and diversity of the available voters for the annual awards". The HFPA's philanthropic activities would continue separately as a non-profit entity. References External links American film critics associations Culture of Hollywood, Los Angeles 1943 establishments in California - Organizations established in 1943 Non-profit organizations based in California Non-profit organizations based in the United States