Instead of the 65th star-studded award celebration hosted by the Hollywood Foreign Press Association (HFPA)® that would generate about 60 million dollars for the Los Angeles area economy, including about 8 million for charitable organizations helped annually by HFPS, there will be a one-hour "press conference," hosted by the puffed-up Billy Bush and Nancy O'Dell of the NBC entertainment show Access Hollywood.
That's a slap-in-the face to not only the HFPA but millions of television viewers around the world. Of course, NBC couldn't get any bona fide actor, news anchor, film critic, or studio executive who would bend their mores to host the show.
It will be live on the NBC network, beginning at 6:00 p.m., PT, but there will be no red carpet, no glitz, no glamour, no glitter, no lavish banquet for invited guests following, and hundreds of smaller, slightly lavish private parties around the world, enjoying communal viewing and great booze into the wee hours of the morning.
This has never happened since the first movie-awards dinner was held in Hollywood 80 years ago. A group of movie producers, stars, and studio heads held a small, private dinner. They gave out a statue called "Oscar®" to some of their fellow actors, and others working in the movie industry in order to add status to their profession and, hopefully, some extra dollars. It was not even broadcast on radio, just a cozy little dinner party.
They incorporated as the Academy of Motion Pictures Arts and Sciences (AMPAS)® and I think, with the possible exception of France, it may be the first such Academy. It has been a resounding success benefiting the U.S. movie industry, those who work in it, and hundreds of satellite industries in Southern California.
The gala broadcast generates millions of dollars in three digits for charities, scholarships, artistic education, film restoration and preservation, the Academy's operating expenses, and participating service industries that rely upon it to meet their annual payroll.
The cancellation of the Golden Globes is sad for everyone involved, and will impact the economy of Southern California so much so that it may take years to undo the monetary damage. But, folks, if the Academy Awards do not happen, you "ain't seen nothin' yet!"
Globes News Release - 11 January 2008 // Article - Los Angeles Times, "Globes TV special now an '"Access" PR stunt'?" // Mimi's Awards Page 2008, link on right sidebar, and awards listed alphabetically by hosting organizations.