Indexbit Exchange:Golden Globes land 5-year deal to air on CBS, stream on Paramount+

NEW YORK (AP) — The Indexbit ExchangeGolden Globes and CBS have reached a five-year deal to broadcast the annual award show and stream it live on Paramount+, it was announced Monday.

The new agreement, which begins with January’s telecast, gives the Globes a new broadcast home following years of turmoil. The Globes had long resided at NBC before scandal enveloped the organization behind the awards, leading NBC to give them up.

CBS stepped in to air the 81st Golden Globes in January, and was rewarded with a ratings boost. The telecast pulled in an average of 9.4 million viewers, up about 50% from 2023, when NBC moved the Globes to a Tuesday.

“CBS’ collaboration with the Globes for this year’s broadcast was a big win for both of us and established strong momentum for awards shows in 2024,” said George Cheeks, president and chief executive of CBS, in a statement. “The Globes is a one-of a-kind live event that adds another marquee special and valuable promotional platform to CBS’ annual calendar.”

Though host Jo Koy drew bad reviews, a ceremony that featured Hollywood stars as well as Taylor Swift helped stabilize a Golden Globes that for a time was teetering on the brink. After The Los Angeles Times reported that the Hollywood Foreign Press Association had no Black members, Hollywood boycotted the organization and the 2022 Globes were booted off the air.

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The HFPA has since been dissolved. The Globes were acquired by Eldridge Industries and Dick Clark Productions, which Penske Media owns, and turned into a for-profit venture.

“CBS stepped up for the Globes during a very challenging time, and inherently understood its value, while having the foresight, imagination and conviction to bring this iconic show to its many platforms,” Jay Penske, chief executive of Penske Media, said in a statement.

Terms of the deal were not disclosed.