Golden Globes a bust for everyone in Hollywood

Fri Jan 11, 2008 3:42am EST
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By Ray Richmond and Steven Zeitchik

LOS ANGELES/NEW YORK (Hollywood Reporter) - Here is the cold, hard reality of the 65th annual Golden Globe Awards that will be handed out Sunday at the Beverly Hilton: A lot of people are going to lose a lot of money.

The Hollywood writers strike forced organizers to cancel the usual boozy three-hour ceremony, and replace it with a low-wattage one-hour newscast.

NBC could be forced to return $10 million-$15 million to advertisers, and the Hollywood Foreign Press Assn. will pocket a license fee much less than its usual $5 million check, Fashion designers, party planners, caterers and limo drivers, will also be take a hit.

Then there's the unquantifiable effect on the studios.

Several movies that most needed the Globes will feel the pinch. Such heavily nominated films as "Atonement" and "Sweeney Todd" have done respectable but not blowout domestic numbers -- $19 million and $39 million, respectively -- and if history is any predictor, they would have seen a spike after their clips and stars got Globes airtime. Ditto for "There Will Be Blood," which is just beginning to widen.

Lauded performers who wouldn't normally be high on awards season or entertainment media radars such as Casey Affleck ("The Assassination of Jesse James by the Coward Robert Ford") and Marion Cotillard ("La Vie en Rose") could have seen career boosts from red-carpet exposure.

Not now.

A number of possibilities, including the total cancellation of NBC's telecast or a postponement of the show and ceremony, had been considered before the hybrid gambit, with a frantic set of negotiations among the four interested parties (NBC, the HFPA, the Writers Guild of America and telecast producer Dick Clark Prods.) nearly leading to an agreement in the days leading up to the ceremony.   Continued...

<p>Banners promoting the 65th Annual Golden Globe Awards on the NBC television network are seen attached to street light poles in Los Angeles January 8, 2008. REUTERS/Fred Prouser</p>