LOS ANGELES — Pacific Coast Entertainment, a group led by former Motion Picture Academy President Cheryl Boone Isaacs, this week made a multimillion-dollar bid to buy the Golden Globes.
The offer includes paying Hollywood Foreign Press Association members an annual salary of $120,000 guaranteed for five years, along with a one-time $100,000 "Pandemic Relief Grant" and establishing a $5 million a year endowment, according to a term sheet reviewed by the L.A. Times.
Pacific Coast Entertainment would "obtain all rights and privileges associated with the ownership of the Golden Globe Awards Show," as well "intellectual property privileges." The group "also seeks to have influence on the strategic direction of the HFPA and guide its transformation and governance," according to the offer.
