Golden Globes 2022 - CANCELLED!

Following a week of major media companies like Netflix and WarnerMedia announcing they would not do business with the Hollywood Foreign Press Association for the Golden Globes, and Tom Cruise returning his Globes statues, NBC has announced that it will not air the Golden Globes in 2022.

This doesn't necessarily mean that the Golden Globes are gone for good, but with declining ratings for all awards shows and a ratings bloodbath in 2021, one would assume NBC might use this to exit the pricey awards show business.

Why the cancellation? The HFPA have been accused of not being diverse enough, along with financial compensation given to members for work on various "committees".

NBC are publicly stating that it intends to return to the awards in 2023. (But let's see if that actually happens).

We continue to believe that the H.F.P.A. is committed to meaningful reform. However, change of this magnitude takes time and work, and we feel strongly that the H.F.P.A. needs time to do it right. As such, NBC will not air the 2022 Golden Globes. Assuming the organization executes on its plan, we are hopeful we will be in a position to air the show in January 2023.

Currently, NBC spends $60 million a year to broadcast the awards as part of an 8-year deal. Half of that license fee goes to the HFPA, with the other half going to Dick Clark Productions (the producer of the live show). The show itself costs between $10-20 million to make (presumably Dick Clark Productions is paying for that). Ad Revenue for the awards last year came in at $47.5 million, which makes that license fee look like a pretty bad deal at NBC's end.

If you want to determine the future of the Golden Globes (or at least NBC's involvement in them going forward), look to whatever it does in 2022 to plug the programming gap. If you see a live show of some description that performs well-enough ratings-wise...

Source:

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