Eldridge Industries

Members of the Hollywood Foreign Press Association (HFPA) sued Penske Media Corporation and Eldridge Industries, alleging they colluded to devalue the Golden Globe Awards through a boycott to acquire it cheaply and create a monopoly. The lawsuit claims the defendants hid Penske's involvement in the 2023 acquisition and reneged on promises to HFPA members.

Members of the Hollywood Foreign Press Association (HFPA) sued Penske Media Corporation and Eldridge Industries, alleging fraud in the 2023 acquisition of the Golden Globe Awards. The lawsuit claims collusion to devalue the awards show and create a monopoly in entertainment industry markets.

The Hollywood Foreign Press Association sued Penske Media Corporation and others, alleging fraud in the 2023 acquisition of the Golden Globe Awards, claiming collusion with Eldridge Industries and Todd Boehly to devalue the show and create a monopoly. The lawsuit accuses Penske of misleading the HFPA, reneging on promises, and infiltrating leadership to push through the deal.

The Hollywood Foreign Press Association members sued Penske Media Corporation and others, alleging fraud in the 2023 acquisition of the Golden Globe Awards, claiming collusion to devalue the event and create a monopoly. The lawsuit accuses Penske and Eldridge Industries of deceiving the HFPA and breaking promises like lifetime voting privileges, while current owners dismissed the claims as irrational.