Acquiring Company
Eldridge Industries
Acquired Company
Golden Globes
New YorkCaliforniaFinancial ServicesFilmFilm ProductionDescription
Eldridge Industries has acquired the Golden Globes, transforming it from a not-for-profit entity to a for-profit organization. As part of this acquisition, significant changes have been made, including ending $75,000 salaries for legacy voters. The decision was made following the dissolution of the Hollywood Foreign Press Association in June 2023, which had faced numerous controversies.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed