You will be redirected back to your article in seconds

Banking on kudos

Telecast provides much of HFPA's revs

Though the Globe awards are important to studio publicity machines, they’re even more important to the Hollywood Foreign Press Assn.: The telecast provides the overwhelming bulk of the HFPA’s operating revenue.

In the 1998 fiscal year, telecast income to HFPA for the worldwide rights to the Golden Globes from NBC was $2,065,266. The HFPA had expenses of $357,001 (the biggest tab is for the banquet served during the show — $246,027) leaving the nonprofit organization a net profit of $1,708,265. The org should make considerably more this year since it has a added deal with NBC for an hourlong preshow.

Though the awards may be growing in importance, the mood at the nominations announcement wasn’t always serious.

One studio exec said: “It’s noteworthy that two major three-hour movies, ‘The Green Mile’ and ‘Magnolia,’ did not get nominated as best picture. Maybe the Foreign Press doesn’t have a three-hour attention span.”

When Salma Hayek finally finished reading the list of nine, count ’em nine, nominations for original score, one publicist whispered, “The way she kept going and going I thought she was going to announce the dance-mix version of ‘Hello, Dolly’ was nominated.”

More TV

  • viacom logo

    International TV Growth, Paramount Gains Power Viacom Q2 Earnings

    Though the Globe awards are important to studio publicity machines, they’re even more important to the Hollywood Foreign Press Assn.: The telecast provides the overwhelming bulk of the HFPA’s operating revenue. In the 1998 fiscal year, telecast income to HFPA for the worldwide rights to the Golden Globes from NBC was $2,065,266. The HFPA had […]

  • A view of the headquarter of

    Comcast Makes Formal $31 billion Offer for Sky

    Though the Globe awards are important to studio publicity machines, they’re even more important to the Hollywood Foreign Press Assn.: The telecast provides the overwhelming bulk of the HFPA’s operating revenue. In the 1998 fiscal year, telecast income to HFPA for the worldwide rights to the Golden Globes from NBC was $2,065,266. The HFPA had […]

  • Rod Henwood Joins 'The Night Manager'

    Zodiak and Channel 4 Alum Rod Henwood Joins 'The Night Manager' Producer The Ink Factory

    Though the Globe awards are important to studio publicity machines, they’re even more important to the Hollywood Foreign Press Assn.: The telecast provides the overwhelming bulk of the HFPA’s operating revenue. In the 1998 fiscal year, telecast income to HFPA for the worldwide rights to the Golden Globes from NBC was $2,065,266. The HFPA had […]

  • Sony Pacts with Komixx for Young

    Sony Pacts with Komixx for Young Adult Content

    Though the Globe awards are important to studio publicity machines, they’re even more important to the Hollywood Foreign Press Assn.: The telecast provides the overwhelming bulk of the HFPA’s operating revenue. In the 1998 fiscal year, telecast income to HFPA for the worldwide rights to the Golden Globes from NBC was $2,065,266. The HFPA had […]

  • The Late Show with Stephen Colbert

    Hank Azaria Says He's Willing to 'Step Aside' From Controversial Apu Role

    Though the Globe awards are important to studio publicity machines, they’re even more important to the Hollywood Foreign Press Assn.: The telecast provides the overwhelming bulk of the HFPA’s operating revenue. In the 1998 fiscal year, telecast income to HFPA for the worldwide rights to the Golden Globes from NBC was $2,065,266. The HFPA had […]

  • Sense8

    TV News Roundup: ‘Sense8’ Finale Special Sets Netflix Premiere Date

    Though the Globe awards are important to studio publicity machines, they’re even more important to the Hollywood Foreign Press Assn.: The telecast provides the overwhelming bulk of the HFPA’s operating revenue. In the 1998 fiscal year, telecast income to HFPA for the worldwide rights to the Golden Globes from NBC was $2,065,266. The HFPA had […]

  • Nicole Emanuele Katherine Oliver

    North Fork TV Festival Sets Judges Panel

    Though the Globe awards are important to studio publicity machines, they’re even more important to the Hollywood Foreign Press Assn.: The telecast provides the overwhelming bulk of the HFPA’s operating revenue. In the 1998 fiscal year, telecast income to HFPA for the worldwide rights to the Golden Globes from NBC was $2,065,266. The HFPA had […]

More From Our Brands

Access exclusive content