Golden Globes Preview
The sale of Dick Clark Prods. may be an opening for resolving bitter litigation with the Hollywood Foreign Press Assn., but hasn’t stopped the battle over the rights to the Golden Globes telecast.
When the HFPA sued DCP in 2010, it set up a scenario where both sides had to work together to produce the 2011 and 2012 ceremonies. A high-profile trial earlier this year, in which a federal judge ruled that DCP has rights to the telecast as long as it can land a deal with NBC, is certainly not the end of it. Left to be resolved are HFPA’s additional claims for the digital rights to the show, as well as for the way that DCP accounted for revenue from the show.
In addition, HFPA is appealing U.S. District Judge Howard Matz’s decision, which ostensibly binds HFPA to DCP for as long as the latter can land the Peacock to air the ceremony.
It remains to be seen if Guggenheim Partners and an investment group that agreed to buy Dick Clark Prods. in September for nearly $400 million will mean a new detente. As was clear during the trial, there was no love lost between the leadership of the HFPA and DCP’s parent, Red Zone Capital.
What is likely is that, if no settlement is reached, whoever ends up prevailing will face hefty legal fees. DCP recently sought to collect $7.5 million in legal and other costs from HFPA, but Matz said that such an award would be “premature.”
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