Company Led by Former Academy President Makes Multi-Million Dollar Bid to Buy Golden Globes | app

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LOS ANGELES — Pacific Coast Entertainment, a group led by former Motion Picture Academy president Cheryl Boone Isaacs, launched a multimillion-dollar bid this week to buy the Golden Globes.

The offer includes paying members of the Hollywood Foreign Press Association an annual salary of $120,000 guaranteed for five years, as well as a one-time $100,000 “pandemic relief grant” and the creation of an endowment of $5 million a year, according to a term sheet reviewed by the LA Times.

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