Former Golden Globes Owners Sue Penske Media Alleging Fraud in Attempt to Create an Entertainment Industry Monopoly

Members of the Hollywood Foreign Press, which founded and for decades owned the Golden Globe Awards, have sued Penske Media Corporation and others, alleging they engaged in fraud to acquire the valuable awards show in an attempt to create an entertainment industry monopoly.

The lawsuit filed in federal court in California on Tuesday alleges that Penske Media and owner Jay Penske colluded with holding company Eldridge Industries and its CEO Todd Boehly to fuel a backlash and boycott against the Globes to devalue it and acquire it, and to deceive the HFPA about a sale they were pressured into accepting.

Read more at AP News