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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.”

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